Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3320 Irvin Cobb Dr Paducah, KY 42003

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease near Wal-Mart and Interstate 24.

    Property Features for 3320 Irvin Cobb Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Joe Kiefer
    Joe Kiefer
    Source: Crexi

    Listing Agency: Hahn Kiefer Real Estate Listing Agent: Joe Kiefer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near National Retailers

    This retail space is available for lease at a rate of $25 per square foot per year, NNN. The property is located on an outparcel in front of a Wal-Mart Supercenter, near Lowe’s, Kroger, and other national retailers. It is situated approximately 3 miles from Interstate 24. The property taxes are approximately $13,465.24, and insurance costs are $5,500.
    Location Intelligence

    Current Use by Public Records

    AT&T - Internet Service ... Telecommunications Service

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.5673878
    Latitude
    37.0513651

    Nearby Similar for Lease

    • $13 SF/Yr

      Prime Commercial Space in Paducah

      Unbeatable location with high visibility and traffic counts.
      109 Memorial Dr, Paducah, KY 42001
      View Details
    • New
      $1,000 /Mo

      Retail Space in Historic Coke Plant

      Unique retail space in Paducah's Midtown Coke Plant.
      3121 Broadway St, Paducah, KY 42001
      View Details
    • $1,500 /Mo

      Downtown Paducah Versatile Commercial Space

      Versatile 1,500 sq ft space in downtown Paducah.
      1200 Broadway St, Paducah, KY 42001
      View Details
    • $2,750 /Mo

      Restaurant Space in Olivet Village

      End-cap restaurant space with patio in Paducah, Kentucky.
      3201 Olivet Church Rd, Paducah, KY 42001
      View Details
    • $3,000 /Mo

      Paducah Flex Space For Lease

      4,500 SF flex space with 15' ceilings for lease.
      303 N 13Th St, Paducah, KY 42001
      View Details
    • $2,500 /Mo

      Downtown Paducah Commercial Office Space

      Recently renovated office space in downtown Paducah with drive-thru.
      630 Jefferson St, Paducah, KY 42001
      View Details
    • $2,000 /Mo

      Versatile Space in Paducah, KY

      2,000 sq ft space suitable for office, retail, or medical.
      1200 Broadway St, Paducah, KY 42001
      View Details
    • $3,600 /Mo

      Move-in Ready Paducah Commercial Property

      Well-maintained commercial property suitable for medical or professional services.
      2302 Kentucky Ave, Paducah, KY 42003
      View Details
    • $11 SF/Yr

      Downtown Paducah Office Space Available

      Prime office space in historic downtown Paducah with strong tenants.
      100 S 4Th St, Paducah, KY 42003
      View Details
    • $2,500 /Mo

      Versatile Retail/Office Space in Paducah

      1500 sq ft space suitable for retail, medical, or office.
      156 Bleich Rd, Paducah, KY 42003
      View Details
    • $8 SF/Yr

      New Warehouse & Flex Space

      New warehouse and flex space available for lease in Paducah.
      5350 Enterprise Dr, Paducah, KY 42001
      View Details
    • $18 SF/Yr

      Office Space in Olivet Village

      Unfinished corner office space in a sought-after location.
      3201 Olivet Church Rd, Paducah, KY 42001
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease near Wal-Mart and Interstate 24.
    Where is this retail space located?
    The property is located at 3320 Irvin Cobb Dr Paducah, KY.
    What are key features of this property?
    This property features: - Outparcel location in front of a Wal-Mart Supercenter.; - Proximity to Lowe’s, Kroger, and other national retailers.; - Lease Rate: $25/SF/YR/NNN.
    (812) 477-6980
    Request Owner's contact information
    3320 Irvin Cobb Dr Paducah, KY 42003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3320 Irvin Cobb Dr
    Paducah, KY 42003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3320 Irvin Cobb Dr Paducah, KY 42003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Kiefer
    Joe Kiefer
    Real Estate License ID: RB14037711
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!