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    Property profile & analytics

    2630 John L Puryear Dr Paducah, KY 42003

    • Commercial real estate
    • 19.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2056902
    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 2630 John L Puryear Dr

    Lot size
    19.75 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 19.75-acre commercial and industrial land parcel presents a rare development opportunity in Paducah, Kentucky. Strategically located near Interstate 24, exit 11, this property boasts unparalleled visibility and accessibility. With over 12,000 vehicles passing daily, this site offers significant potential for businesses seeking high traffic exposure. The expansive lot size provides ample space for a variety of commercial or industrial developments, allowing for flexibility in design and construction. The property's address is 2630 John L Puryear Dr, Paducah, KY 42003, situated in McCracken County. This ready-to-build land is priced at $989,000 and presents a compelling investment opportunity for those seeking a high-impact location with excellent visibility and convenient interstate access. The property's location ensures easy access to major transportation routes, facilitating efficient logistics and distribution for businesses. This is a truly unique opportunity to acquire a substantial land holding in a thriving Kentucky market. Don't miss this chance to secure a prime location for your next venture.

    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
    -88.587231
    Latitude
    37.019215

    Comparable in this City

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    • New
      $2,500,000
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      Paducah Warehouse and Office Complex

      96,000+ SF commercial property on 5.67 acres near I-24.
      3229 Benton Rd, Paducah, KY 42003
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    • $65,000

      Versatile Warehouse Space in Paducah

      Spacious warehouse near I-24 and downtown Paducah.
      807 Old Mayfield Rd, Paducah, KY 42003
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    • $950,000

      Paducah Warehouse and Office Space

      38,000 SF warehouse and office on 2.82 acres for sale.
      3000 Irvin Cobb Dr, Paducah, KY 42003
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    • $1,399,000

      Paducah Office and Warehouse Building

      Professional office building with warehouse and detached storage in Paducah.
      500 S 17Th St, Paducah, KY 42003
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    • $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 Sale

    • $400,000

      Paducah Commercial Property For Sale

      1.45 acre commercial property with warehouse, residential, and redevelopment potential.
      4535 Clarks River Rd, Paducah, KY 42003
      View Details
    • New
      $2,500,000
      96,000 SF

      Paducah Warehouse and Office Complex

      96,000+ SF commercial property on 5.67 acres near I-24.
      3229 Benton Rd, Paducah, KY 42003
      View Details
    • $65,000

      Versatile Warehouse Space in Paducah

      Spacious warehouse near I-24 and downtown Paducah.
      807 Old Mayfield Rd, Paducah, KY 42003
      View Details
    • $950,000

      Paducah Warehouse and Office Space

      38,000 SF warehouse and office on 2.82 acres for sale.
      3000 Irvin Cobb Dr, Paducah, KY 42003
      View Details
    • $1,399,000

      Paducah Office and Warehouse Building

      Professional office building with warehouse and detached storage in Paducah.
      500 S 17Th St, 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

    • $4,000 /Mo

      Versatile Property with Multiple Rental Options

      11-acre property with buildings, arena, and fenced areas for lease.
      4285 Schneidman Rd, Paducah, KY 42003
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    • New
      $1,950 /Mo

      Warehouse Space in Reidland/Paducah

      Commercial warehouse space for lease with ample parking.
      4535 Clarks River Rd, Paducah, KY 42003
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    • $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
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    • $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
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    Paducah, KY 42003
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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
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