Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    212 Broadway St Paducah, KY 42001

    • Commercial real estate
    • 5,496 SF
    • 0.06 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1471425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kentucky BBQ Supply / Grill Store

    Property Details for 212 Broadway St

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    5,496 SF
    Property type
    Commercial real estate
    APN
    112-13-23-006
    APU
    1121323006

    Description

    This exceptional mixed-use property, located at 212 & 212A Broadway in Paducah, Kentucky's vibrant riverfront district, presents a unique investment opportunity. The building boasts a total of 7,952 square feet, thoughtfully divided into approximately 6,000 square feet of luxurious residential space and approximately 2,000 square feet of retail space. The residential component features a stunning three-bedroom, two-bathroom layout, complemented by two half-bathrooms, offering awe-inspiring 180-degree river views from its rooftop deck. A charming southern-style covered porch provides additional outdoor space overlooking the bustling Broadway. Convenience is paramount with an elevator servicing all levels, a two-car garage, and thirteen additional exterior parking spaces (some leased). The retail space includes a half-bathroom. Immaculately renovated in 2013, this property benefits from a long-term commercial tenant, ensuring consistent income generation. The building's prime location within the historic district, combined with its high-end finishes and impressive amenities, makes it an exceptional investment opportunity. The asking price is $1,700,000. This is a rare chance to acquire a truly remarkable income-producing property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    Mccracken
    State
    Kentucky
    Longitude
    -88.5961
    Latitude
    37.0872
    CBSA code
    37140
    CBSA name
    PADUCAH, KY-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,526
    $0.00
    $0.00
    $353,200
    -
    $0.00
    $0.00
    $353,200

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      162 Stuart Nelson Park Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      162 Stuart Nelson Park Rd, Paducah, KY 42001-9678
      View Details
    • Value Estimation by Request

      2826 Trimble St

      COMMERCIAL (GENERAL)
      2826 Trimble St, Paducah, KY 42001-4051
      View Details
    • Value Estimation by Request
      21.76 Acres

      5360 Us Hwy 60th W

      COMMERCIAL (GENERAL) • 21.76 Acres
      5360 Us Hwy 60th W, Paducah, KY 42001-9332
      View Details
    • Value Estimation by Request
      10.52 Acres

      5855 Us Hwy 60th W

      COMMERCIAL (GENERAL) • 10.52 Acres
      5855 Us Hwy 60th W, Paducah, KY 42001-9087
      View Details
    • Value Estimation by Request
      7.67 Acres

      5955 Us Hwy 60th W

      COMMERCIAL (GENERAL) • 7.67 Acres
      5955 Us Hwy 60th W, Paducah, KY 42001-9647
      View Details
    • Value Estimation by Request
      2.00 Acres

      4630 Vlg Sq Dr

      COMMERCIAL (GENERAL) • 2.00 Acres
      4630 Vlg Sq Dr, Paducah, KY 42001-7502
      View Details

    Similar Nearby for Sale

    • $450,000
      1.97 Acres

      Prime Paducah Commercial Land

      1.97 Acres, B-3 Zoning, High Demand
      3620 James Sanders Blvd, Paducah, KY 42001
      View Details
    • $799,000
      5,324 SF

      Prime Paducah Commercial Land

      High-traffic I-24 location, development potential.
      3711 Olivet Church Rd, Paducah, KY 42001
      View Details
    • $375,000
      2,706 SF

      Jefferson Street Commercial Gem

      Downtown Paducah Office Space - Renovated
      630 Jefferson St, Paducah, KY 42001
      View Details
    • $100,000
      28,394 SF

      Historic Paducah Church - Huge Potential

      Iconic 28,000 sq ft building, 1.3 acres
      1526 Park Ave, Paducah, KY 42001
      View Details
    • $339,000
      1.17 Acres

      Prime Paducah Commercial Land

      1.17-acre level lot, high traffic area, development potential.
      2549 New Holt Rd, Paducah, KY 42001
      View Details
    • $900,000
      2.00 Acres

      Prime Paducah Commercial Land

      2-Acre Commercial Lot, High Demand Area
      3555 James Sanders Blvd, Paducah, KY 42001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      348,480 SF

      Paducah Commercial Land - 8 Acres

      Prime Paducah location, build-to-suit opportunity.
      5251 Hinkleville Rd, Paducah, KY 42001
      View Details
    • $933 /Mo

      Updated Midtown Office Space

      Updated first-floor office space in Midtown Paducah available for lease.
      100 Fountain Ave, Paducah, KY 42001
      View Details
    • $2,750 /Mo

      Prime Commercial Space in Paducah

      High-visibility commercial space suitable for retail, office, or restaurant.
      3160 Parisa Dr, Paducah, KY 42001
      View Details
    • $12 SF/Yr

      Prime Commercial Space in Paducah

      Unbeatable location off I-24, visible from Alben Barkley Drive.
      121 Memorial Dr, Paducah, KY 42001
      View Details
    • $1,000 /Mo
      9,583 SF

      Vacant Lot in Downtown Paducah

      Vacant commercial lot for lease in downtown Paducah.
      525 Broadway St, Paducah, KY 42001
      View Details
    • $17 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
    Request Owner's contact information
    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.
    212 Broadway St
    Paducah, KY 42001
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.