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    2929 James Sanders Blvd Paducah, KY 42001

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    For Lease
    Contact for pricing

    Prime Paducah retail space available.

    Lot size:
    123,628 SF

    Property Features for 2929 James Sanders Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,628 SF
    Class
    A

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 2929 James Sanders Blvd, Paducah, KY 42001 Contact us

    We can help!

    Listing Contact
    Mark Robbins

    Listing Agency: Robbins Properties Nashville Listing Agent: Mark Robbins

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A retail strip center, Paducah Center, offers 123,628 square feet of space in a thriving Kentucky market. Located at 2929 James Sanders Blvd, Paducah, KY 42001, this single-story building boasts 12 suites, with one 3,360-square-foot space currently available for lease. The property sits on 14.34 acres of land and features 636 parking spaces, ensuring ample customer convenience. Its strategic location, one block from I-24 and at the intersection of Highway 60 (Hickleville Road) and James Sanders Blvd, provides excellent accessibility via six ingress and egress points. The property benefits from high visibility and strong co-tenancy with established national retailers such as Talbot's, Office Depot, PetSmart, TJ Maxx, Chico's, Books-A-Million, Dollar Tree, and more. The property's success is further evidenced by strong tenant sales reports. Its proximity to Kentucky Oaks Mall, Wal-Mart Supercenter, Home Depot, Academy Sports, Lowe's, and Kohl's solidifies its position within a robust retail corridor. The property's tax rate is $1.42 per square foot. The minimum divisible space is 3,360 square feet, with a maximum contiguous space of 3,360 square feet. The property's location serves a trade area of 270,000 people, highlighting Paducah's status as a regional retail hub. This is a rare opportunity to acquire a well-positioned retail space in a high-demand location. The available space is situated between Dollar Tree and TJ Maxx. The property's APN is 086-20-00-009.02, and it was built in 1999.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Depot Print ... (Bike/Boat/Book/etc) Store T.J. Maxx Department Store Books-A-Million (Bike/Boat/Book/etc) Store Joe Muggs Coffee Cafe & Coffee Shop Talbots Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.6857902
    Latitude
    37.0748596

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    FAQs

    What type of property is this?
    Retail property - Prime Paducah retail space available.
    Where is this retail property located?
    The property is located at 2929 James Sanders Blvd Paducah, KY.
    What are key features of this property?
    This property features: 123,628 SF Class A retail strip center in Paducah, KY, with one 3,360 SF suite available.; Located at 2929 James Sanders Blvd, Paducah, KY 42001, on 14.34 acres with 636 parking spaces.; Excellent visibility and access; one block from I-24, at the intersection of Hwy 60 and James Sanders Blvd, with six ingress/egress points.
    (615) 301-6570 Call to check price and availability
    Request Owner's contact information
    2929 James Sanders Blvd Paducah, KY 42001
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    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
    2929 James Sanders Blvd Paducah, KY 42001
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Robbins
    Real Estate License ID: 216285
    (615) 301-6570
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