Three-Unit Office
New
For Sale
$350,000
614 E Arch Street, Madisonville, KY 42431
Fully leased commercial property with a metal roof and convenient access near I-69.
Property Size3,000 SF
Price / SF$116.67
Days on Market7
Property Features for 614 E Arch Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial Building
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
3
Amenities
Lot Size Acres: 0.25
Metal Roof
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Has Central AC: 1
Forced Air Heating, Electric Heat Fuel, Gas Heat Fuel
Sale, Sale Type: Foreclosure
Basement Type: Crawl
One Story, Built in 1998
Subdivision Name: DOZIER ANNEX
Above Area Square Feet: 3000
Water Source: Municipal
Construction Type: Masonry - Concrete Block
Brick Siding
Building Details
Year Built
1998
Buildings
1
Building Size
3,000 SF
Tenancy
Multi
Listing Agency:
Hoover's Auctions & Real Estate LLC
(270) 875-2128
Listed By:
Jonathan Hoover
(270) 875-2128
Source:
Doyle-realty
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 6:40AM
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 Hoover's Auctions & Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1998, this office building contains approximately 3,000 square feet arranged among three separate office units. Each unit measures approximately 1,000 square feet, creating a straightforward multi-tenant configuration. All three spaces are currently rented, and the property has a durable metal roof.
The building is located at 614 E Arch Street in Madisonville, Kentucky, near I-69. Its existing three-unit layout supports continued office occupancy while retaining the physical option to use one unit for an owner-operated business and lease the remaining spaces.
The building is located at 614 E Arch Street in Madisonville, Kentucky, near I-69. Its existing three-unit layout supports continued office occupancy while retaining the physical option to use one unit for an owner-operated business and lease the remaining spaces.
Key Highlights
- Approximately 3,000 square feet configured as three office units
- Three office units of approximately 1,000 square feet each
- All three units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
842
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial property with a metal roof and convenient access near I-69.
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 $350,000.
What are key features of this property?
This property features: Approximately 3,000 square feet configured as three office units; Three office units of approximately 1,000 square feet each; All three units are currently rented
