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

    703 Jefferson St Paducah, KY 42001

    • Commercial real estate
    • 4,830 SF
    • 0.15 lot acres
    For Sale
    View listing
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1477342
    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

    • Western Rivers Insurance / Insurance Agency
    • AssuredPartners / Insurance Agency

    Property Details for 703 Jefferson St

    Year built
    1971
    Construction
    STEEL FRAME
    Lot size
    0.15 lot acres
    Property size
    4,830 SF
    Property type
    Commercial real estate
    APN
    112-11-18-005
    APU
    1121118005

    Description

    This exceptional redevelopment opportunity presents a 17,075 square foot mixed-use building situated at 703 Jefferson Street in vibrant downtown Paducah, Kentucky. Currently housing three tenants, with one under lease, this property offers significant flexibility for owner-users or investors seeking a prime location. The building boasts 8,823 square feet of net rentable space, situated on a substantial 25,182 square foot lot within the B-3 zoning district. Ample parking is provided with 30 spaces, complemented by 156 feet of valuable road frontage. The property's versatile layout, encompassing storefront and traditional office spaces, caters to a diverse range of business needs. The current occupancy rate stands at 52%, presenting a compelling opportunity to increase revenue streams. This is a gross lease property with no tenant credit rating. The building features overhead doors, adding to its functional appeal. With a daily vehicle count of 6,700, this location offers exceptional visibility and accessibility. The asking price for this unique investment is $500,000. All information is believed to be reliable but should be independently verified.

    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
    -88.603
    Latitude
    37.0864
    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
    $6,490
    $0.00
    $0.00
    $440,000
    -
    $0.00
    $0.00
    $440,000

    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

    • $4,000,000
      31.42 Acres

      I-24 Commercial Land Investment

      High-traffic Paducah commercial land
      3805 Hinkleville Rd, Paducah, KY 42001
      View Details
    • $275,000
      1.00 Acre

      Prime Paducah Commercial Land

      Up to 4.34 acres, ideal commercial development.
      3180 New Holt Rd, Paducah, KY 42001
      View Details
    • $349,000
      19,878 SF

      Downtown Paducah Commercial Gem

      Antique Mall, Condo Potential, High Traffic
      407 Broadway St, Paducah, KY 42001
      View Details
    • $395,000
      29,781 SF

      Prime Paducah Commercial Building

      Huge space, renovation needed, investment opportunity.
      3100 Clay 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
    • $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

    Similar Nearby for Lease

    • $3,975 /Mo

      Downtown Paducah Professional Office Space

      Prime commercial office space in downtown Paducah for lease.
      703 Jefferson St, Paducah, KY 42001
      View Details
    • $597 /Mo

      Midtown Office Space For Rent

      Convenient first-floor office space with gross lease in Paducah.
      100 Fountain Ave, Paducah, KY 42001
      View Details
    • $2,250 /Mo

      Restaurant Space For Lease

      Restaurant space for lease in Paducah, excellent traffic count.
      3160 Parisa Dr, Paducah, KY 42001
      View Details
    • Contact for pricing
      6,920 SF

      Retail Space in High-Traffic Area

      6,920 SF retail space in Paducah, Kentucky for lease.
      2828 Park Ave, Paducah, KY 42001
      View Details
    • $1,500 /Mo

      Downtown Paducah Versatile Space

      Versatile office, retail, or medical space in downtown Paducah.
      1200 Broadway St, Paducah, KY 42001
      View Details
    • 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
    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.
    703 Jefferson 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.