Building Details

Year Built 1961

Listing Agency: Re/Max Real Estate Associates

Listed By: Marianne Lynch · License #193736 Show Phone

Source: Centralkentuckyhouses

Added: Oct 12 Changed: Oct 19 Last Checked: Oct 20 at 10:01PM

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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 Re/Max Real Estate Associates

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Investment Insights

Based on property information with market context.

This mixed-use property contains 12 one-bedroom, one-bath efficiency apartments and an automotive garage with two service bays. The garage includes a reception and office area with desk and counter work surfaces, plus a restroom. A residential unit attached to the shop measures 1,920 square feet. The property was built in 1961 and occupies 2.77 acres.

Separate parking is provided for apartment residents and garage customers. The shop is equipped with heavy-duty three-phase electrical service.

Key Highlights

• 12 one‑bedroom, one‑bath efficiency apartments
• Two‑bay automotive garage with heavy‑duty three‑phase electrical service
• Attached residential unit measures 1,920 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,273

Cap Rate

8.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,165,460 $1.2M

Cap Rate 7%

$832,471 $832.5K

Cap Rate 9%

$647,478 $647.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,103 SF

Gross rent

$115.9K $16.32/SF

− Vacancy

−$10.0K −$1.40/SF

EGI

$106.0K $14.92/SF

− OpEx

−$47.7K −$6.71/SF

NOI

$58.3K $8.20/SF

Area

McCracken County, KY

Vacancy

8.60%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,165,460

Cap Rate 7%

$832,471

Cap Rate 9%

$647,478

Alternative Uses

Best Use

Industrial

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,844 @ 7.0% cap · market cap 11.70%

Second Best

Retail

$1.11M

$970.7K – $1.29M (±1% cap)

NOI $77,654 @ 7.0% cap · market cap 10.71%

Theoretical Best

Warehouse

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,597 @ 7.0% cap · market cap 14.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

RSS Automotive Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

12

Residential units

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Explore this area Business Placement

Demographics for 42003, KY

28,592

Population

14,132

Households

2

Avg Household Size

43

Median Age

22%

College-Educated

92%

High-School Grad

69.0 sq mi

ZIP Area

414

Density / Sq Mi

$54,052

Median Household Income

$33,566

Median Earnings

$696

Median Rent

$160,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property pairs twelve efficiency apartments with a two-bay automotive service area.

Where is this mixed-use property located?

The property is located at 6710 Benton Rd Paducah, KY.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 12 one‑bedroom, one‑bath efficiency apartments; Two‑bay automotive garage with heavy‑duty three‑phase electrical service; Attached residential unit measures 1,920 square feet