Madisonville Town Center Retail
575 Whittington Dr, Madisonville, KY 42431
For Sale
Contact for pricing
Retail space in high-traffic area near Kroger and Lowe’s.
Property Size71,791 SF
Price / SF$183.46
Days on Market253
Property Features for 575 Whittington Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Michael Carter · License MI #6501369793
(586) 549-4260
Source:
Crexi
Added: Mar 3
Changed: Nov 10
Last Checked: Nov 10 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Madisonville Town Center is situated off Island Ford Road, which experiences 17,700 vehicles per day, and is located a short distance west of Interstate 69, which sees 30,500 vehicles per day. Island Ford Road serves as the primary retail and commercial thoroughfare for Madisonville. The center is adjacent to a Starbucks, Aspen Dental, and Fifth Third Bank pad. It is also located across from a Kroger and Lowe’s Home Improvement-anchored center, providing high crossover shopping exposure. These Kroger and Lowe’s locations have a combined annual visit count of over 1.8 million, ranking them highly within their category group within a 15-mile radius. Additional surrounding tenants include McDonald’s, Harbor Freight, O’Reily Auto Parts, and Fresenius. The property is located a 5-minute distance from Baptist Health Deaconess Madisonville, a 410-bed medical center with a 20-bed critical care unit. Madisonville Town Center is near single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area has a population of over 26,000 residents with an average annual household income of over $71,000. The property size is 71791 square feet.
Key Highlights
- High‑traffic location: Island Ford Road (17,700 VPD) near Interstate 69 (30,500 VPD).
- Adjacent to Starbucks, Aspen Dental, and Fifth Third Bank.
- Across from Kroger and Lowe’s Home Improvement‑anchored center with 1.8M+ annual visits.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$788,993
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,779,860
$15.8M
Cap Rate 7%
$11,271,329
$11.3M
Cap Rate 9%
$8,766,589
$8.8M
Market Conditions
NOI Build-Up for 71,791 SF
Gross rent
$1.18M $16.44/SF
− Vacancy
−$53.1K −$0.74/SF
EGI
$1.13M $15.70/SF
− OpEx
−$338.1K −$4.71/SF
NOI
$789.0K $10.99/SF
Area
Hopkins County, KY
Vacancy
4.50%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,779,860
Cap Rate 7%
$11,271,329
Cap Rate 9%
$8,766,589
Alternative Uses
Best Use
Retail
$11.27M
$9.86M – $13.15M
NOI $788,993 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.11M
$10.60M – $14.13M
NOI $847,708 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
256k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 28%
Groceries 16%
Home Improvements & Furnishings 13%
Kroger
Groceries
41,060 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
32,115 visits/mo
0.2 miles
McDonald's
Dining
28,295 visits/mo
0.4 miles
Huck's
Shops & Services
24,230 visits/mo
0.4 miles
Starbucks
Dining
17,833 visits/mo
0.2 miles
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Briarwood Shopping Center — 1297 N Main St, Madisonville, KY 42431
- Coinstar Kiosk | Bitcoin ATM — Kroger - Louisville, 545 Island Ford Rd, Madisonville, KY 42431
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space in high-traffic area near Kroger and Lowe’s.
Where is this shopping center located?
The property is located at 575 Whittington Dr Madisonville, KY.
What is the asking price?
The asking price for this property is $13,171,000.
What are key features of this property?
This property features: High‑traffic location: Island Ford Road (17,700 VPD) near Interstate 69 (30,500 VPD).; Adjacent to Starbucks, Aspen Dental, and Fifth Third Bank.; Across from Kroger and Lowe’s Home Improvement‑anchored center with 1.8M+ annual visits.
