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    3711 Olivet Church Rd Paducah, KY 42001

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    3711 Olivet Church Rd Paducah, KY 42001

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    • Commercial land
    • 5,324 SF
    For Sale
    $799,000
    View Listing →
    Prime Commercial Land Near I-24 For Sale
    $799,000
    5,324 SF

    Prime Commercial Land Near I-24

    6.81 acres of commercial property near I-24, Paducah, KY.

    3711 Olivet Church Road, Paducah, KY 42001
    View Listing
    Property ID
    US34-1158129
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3711 Olivet Church Rd

    Property size
    5,324 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Here it is! 6.81 acres of prime commercial property located just off I-24 at exit 3 near Industrial Park West. Highly desired area of development. High traffic count! Located behind Kentucky Oaks Mall and across from Hutson Ag. Could be developed for an apartment complex, church, motel or RV p ... ark. 155' of road frontage on Olivet Church Road. The 1922 sq. ft. home is currently occupied. The 2880 sq. ft. metal building and 522 sq. ft. storage building on property will remain.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.6936211
    Latitude
    37.0861959

    Comparable in this City

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      1.35 Acres

      Paducah Commercial Land For Sale

      Commercial land in prime location, ready to build on.
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    • $350,000
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      Paducah Commercial Tracts For Sale

      Prime commercial land for development in high-traffic Paducah area.
      00 John Puryear Dr, Paducah, KY 42001
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    • $5,500,000
      34.60 Acres

      Paducah Development Opportunity on I-24

      34.6 acres with I-24 frontage ideal for commercial development.
      200/201 Mcbride Ln, Paducah, KY 42001
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    • $274,900

      Commercial Lot Near I-24

      Commercial or light industrial lot with utilities near I-24.
      3865 Industrial Dr, Paducah, KY 42001
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    • Contact for pricing
      4,944 SF

      Paducah Commercial Development Opportunity

      5.16-acre commercial land with flexible zoning in Paducah, KY.
      3566-3685 Olivet Church Rd, Paducah, KY 42001
      View Details
    • $275,000
      1.00 Acre

      Commercial Lots in Paducah, KY

      Commercial lots available in a convenient location for sale.
      3180 New Holt Rd, Paducah, KY 42001
      View Details

    Similar Nearby for Sale

    • $250,000
      1.35 Acres

      Paducah Commercial Land For Sale

      Commercial land in prime location, ready to build on.
      2700 West Park Dr, Paducah, KY 42001
      View Details
    • $350,000
      1.76 Acres

      Paducah Commercial Tracts For Sale

      Prime commercial land for development in high-traffic Paducah area.
      00 John Puryear Dr, Paducah, KY 42001
      View Details
    • $5,500,000
      34.60 Acres

      Paducah Development Opportunity on I-24

      34.6 acres with I-24 frontage ideal for commercial development.
      200/201 Mcbride Ln, Paducah, KY 42001
      View Details
    • $274,900

      Commercial Lot Near I-24

      Commercial or light industrial lot with utilities near I-24.
      3865 Industrial Dr, Paducah, KY 42001
      View Details
    • Contact for pricing
      4,944 SF

      Paducah Commercial Development Opportunity

      5.16-acre commercial land with flexible zoning in Paducah, KY.
      3566-3685 Olivet Church Rd, Paducah, KY 42001
      View Details
    • $275,000
      1.00 Acre

      Commercial Lots in Paducah, KY

      Commercial lots available in a convenient location for sale.
      3180 New Holt Rd, Paducah, KY 42001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      8-acre commercial land for lease in Paducah, Kentucky.
      5251 Hinkleville Rd, 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
    • $2.00 SF/Yr
      348,480 SF

      Prime Commercial Land in Paducah

      8 acres of commercial real estate on Paducah's retail corridor.
      5251 Hinkleville Rd, Paducah, KY 42001
      View Details
    • Contact for pricing

      Prime Paducah Build-to-Suit Opportunity

      Retail/office spaces for lease in Paducah's fastest-growing area.
      4780 Village Square Dr, Paducah, KY 42001
      View Details
    • $9 SF/Yr

      Paducah Office Space For Lease

      9,067± SF office space in the heart of Lone Oak.
      67 Lakeview Dr, 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
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    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
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