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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1380 Irvin Cobb Dr Paducah, KY 42003

    • Commercial real estate
    For Sale
    View listing
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1679106
    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

    • Commercial real estate

    Property Details for 1380 Irvin Cobb Dr

    Property type
    Commercial real estate
    APN
    113-13-00-011
    APU
    1131300011

    Description

    This exceptional 2.5-acre commercial land parcel presents a remarkable development opportunity in Paducah, Kentucky. Located at 1380 Irvin Cobb Drive, this vacant lot boasts nearly 600 feet of road frontage, ensuring high visibility and accessibility for any commercial venture. Situated in Paducah's Southside, the property offers a strategic location within a thriving community. All utilities are readily available on-site, simplifying the development process and minimizing upfront costs. The asking price for this prime commercial land is $175,000. This represents a significant investment opportunity for developers seeking to capitalize on the growing commercial landscape of Paducah. The expansive lot size provides ample space for a variety of commercial projects, from retail establishments and office buildings to light industrial facilities. Its convenient location and readily available utilities make it an ideal choice for businesses seeking a prominent presence in a dynamic market. The property is located in McCracken County, Kentucky, with a zip code of 42003. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location, ready for immediate development. Don't miss this chance to secure a valuable asset in a thriving Kentucky market.

    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
    -88.6004
    Latitude
    37.0666
    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
    $179
    $0.00
    $0.00
    $50,000
    -
    $0.00
    $0.00
    $50,000

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      2402 Lone Oak Rd

      Land • 0.33 Acres
      2402 Lone Oak Rd, Farley, KY 42003
      View Details
    • Value Estimation by Request

      2095 Irvin Cobb Dr

      COMMERCIAL (GENERAL)
      2095 Irvin Cobb Dr, Paducah, KY 42003-2185
      View Details
    • Value Estimation by Request

      2161 Irvin Cobb Dr

      COMMERCIAL (GENERAL)
      2161 Irvin Cobb Dr, Paducah, KY 42003-2143
      View Details
    • Value Estimation by Request
      1.55 Acres

      2401 Irvin Cobb Dr

      COMMERCIAL (GENERAL) • 1.55 Acres
      2401 Irvin Cobb Dr, Paducah, KY 42003-2103
      View Details
    • Value Estimation by Request

      1500 Irvin Cobb Dr

      COMMERCIAL (GENERAL)
      1500 Irvin Cobb Dr, Paducah, KY 42003-2147
      View Details
    • Value Estimation by Request
      0.26 Acres

      3017 Irvin Cobb Dr

      COMMERCIAL (GENERAL) • 0.26 Acres
      3017 Irvin Cobb Dr, Paducah, KY 42003-0332
      View Details

    Similar Nearby for Sale

    • $195,000
      1.50 Acres

      Paducah Commercial Land - $195K

      1.5-acre commercial lot, 3320 sq ft building.
      6775 Kentucky Dam Rd, Paducah, KY 42003
      View Details
    • $2,200,000
      5,604 SF

      Lone Oak Road Hotel Investment

      Established 33-Room Hotel Near I-24
      2550 Lone Oak Rd, Paducah, KY 42003
      View Details
    • $195,000
      3,320 SF

      Prime Paducah Commercial Building

      Versatile 3,320 sq ft building, great location.
      6775 Kentucky Dam Rd, Paducah, KY 42003
      View Details
    • $275,000
      2,241 SF

      Prime Paducah Commercial Building

      Turnkey Commercial Space - 2,241 sq ft
      201 Brown St, Paducah, KY 42003
      View Details
    • $850,000
      25,122 SF

      Paducah Commercial Property - Huge Potential

      Prime location, large building, ample parking. Ideal for investors.
      100 Television Ln, Paducah, KY 42003
      View Details
    • $350,000
      0.33 Acres

      Prime Paducah Commercial Land

      0.33-acre lot, high-traffic location
      2402 Lone Oak Rd, Farley, KY 42003
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      6,000 SF

      Irvin Cobb Drive Restaurant Space

      Prime Paducah Restaurant, 6,000 sq ft.
      3333 Irvin Cobb Dr, Paducah, KY 42003
      View Details
    • $12 SF/Yr

      High-Traffic Retail Location in Paducah

      Retail space for lease on high-traffic highway near I-24.
      2440 Lone Oak Rd, 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
    • $1,249,999
      2,880 SF

      Retail Space Near National Retailers

      Retail space available in front of a Wal-Mart Supercenter.
      3320 Irvin Cobb Dr, Paducah, KY 42003
      View Details
    • $2,500 /Mo

      Versatile Office Space in Paducah

      Office space with reception, co-working area, private offices, conference room.
      2856 Lone Oak Rd, Paducah, KY 42003
      View Details
    • New
      $4,072 /Mo

      Professional Office Suites in Paducah

      Professional office suites ideal for various businesses in Paducah.
      100 Television Ln, Paducah, KY 42003
      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.
    1380 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
    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.