Industrial Building in Owensboro,
1620 W 7th Street Owensboro, KY 42301
For Sale
$2,600,000
COMMERCIAL - Owensboro, KY
Property Size40,000 SF
Lot Size1.94 Acres
Price / SF$65
Days on Market162
Property Features for 1620 W 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Standard status
Active
Size
40,000 SF
Lot size
1.94 Acres
Utilities
Heating system
Natural Gas
Building Details
Building materials
Steel Frame
Listing Agency:
Triple Crown Realty Group
(270) 926-9999
Listed By:
DAUGHERTY - PHELPS TEAM
(270) 313-7964
Added: Feb 17
Changed: May 28
Last Checked: Jul 29 at 9:06AM
MLS# 94127
Copyright © 2026 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 40,000 SF industrial building, located in Owensboro, KY, is zoned I-2. The building is fully sprinklered and heated, featuring a 21' clear height. It includes four 14' overhead doors, three loading docks, and one drive-in door. The property has 1,000 amps of power. A new roof and insulation are scheduled for completion in 2025. The property sits on a 1.94-acre lot and is suitable for manufacturing, warehousing, or distribution purposes.
Key Highlights
- 40,000 SF industrial building ideal for manufacturing, warehousing, or distribution
- New roof and insulation completed in 2025
- Features 3 loading docks, 4 overhead doors (14'), and 1 drive‑in door
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $278.4k | $6.96 |
| − Vacancy | −$13.4k | −$0.33 |
| EGI | $265.0k | $6.63 |
| − OpEx | −$39.8k | −$0.99 |
| NOI | $225.3k | $5.63 |
40,000 SF · lease $6.96/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.22M
$2.82M – $3.75M
NOI $225,281 @ 7.0% cap · market cap 8.66%
Second Best
Industrial
$2.50M
$2.19M – $2.92M
NOI $175,190 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$7.16M
$6.27M – $8.36M
NOI $501,415 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - 40,000 SF industrial building ideal for manufacturing, warehousing, distribution.
Where is this industrial property located?
The property is located at 1620 W 7th Street Owensboro, KY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 40,000 SF industrial building ideal for manufacturing, warehousing, or distribution; New roof and insulation completed in 2025; Features 3 loading docks, 4 overhead doors (14'), and 1 drive‑in door
