Fully Occupied Three-Unit Office
For Sale
$300,000
614 E Arch Street, Madisonville, KY 42431
Commercial Sale, Madisonville, KY
Property Size3,000 SF
Lot Size0.25 Acres
Price / SF$100
Days on Market94
Property Features for 614 E Arch Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,000 SF
Lot size
0.25 Acres
Utilities
Heating system
Forced Air, Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Building materials
Brick
Roof type
Metal
Listing Agency:
Hoover's Auctions & Real Estate LLC
(270) 875-2128
Listed By:
Jonathan Hoover
(270) 839-5935
Added: Aug 5
Changed: Oct 21
Last Checked: Nov 6 at 9:06AM
MLS# 11914250
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office building at 614 E Arch Street is arranged as three separate office units of approximately 1,000 square feet each. All three units are currently rented, and the property was built in 1998 with brick construction and a metal roof. Heating is provided by natural gas, forced air, and electric systems, with public water service.
The 0.25-acre property is in Madisonville near I-69, providing access to the regional highway network. Its existing multi-unit configuration supports continued office occupancy while retaining flexibility for an owner-user to occupy a unit alongside other tenants.
The 0.25-acre property is in Madisonville near I-69, providing access to the regional highway network. Its existing multi-unit configuration supports continued office occupancy while retaining flexibility for an owner-user to occupy a unit alongside other tenants.
Key Highlights
- 3,000‑square‑foot office building divided into three separate units
- Each office unit contains approximately 1,000 square feet
- All three units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,272
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,440
$505.4K
Cap Rate 7%
$361,029
$361.0K
Cap Rate 9%
$280,800
$280.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$9.5K −$3.17/SF
EGI
$33.7K $11.23/SF
− OpEx
−$8.4K −$2.81/SF
NOI
$25.3K $8.42/SF
Area
Hopkins County, KY
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,440
Cap Rate 7%
$361,029
Cap Rate 9%
$280,800
Alternative Uses
Best Use
Office B
$361.0K
$315.9K – $421.2K
NOI $25,272 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 11.81%
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
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick construction, metal roofing, and multiple office suites define the commercial layout.
Where is this office building located?
The property is located at 614 E Arch Street Madisonville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building divided into three separate units; Each office unit contains approximately 1,000 square feet; All three units are currently rented
