Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2219 Frederica St Owensboro, KY 42301

    Sponsored
    For Sale
    $419,900

    Office, Free-standing - Owensboro, KY

    Type:Office
    Days on Market:
    12
    Last Refresh:
    Jan 31 at 8:06 am

    Property Features for 2219 Frederica St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Parking features
    Special Needs

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Vickie Ballard
    Vickie Ballard

    Kentucky Dream Realty LLC (270) 099-3657

    Listing agent Vickie Ballard (270) 993-6573 License #247702

    Listing date Jan 20, 2026

    MLS# 93950 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Commercial Building in High-Traffic Area

    This commercial building, located in a high-traffic area, is zoned B-4 and suitable for a variety of uses, including retail, office space, medical services, or a restaurant. The property was completely remodeled in 2023 with updates including new electrical, plumbing, drywall, siding, LED light fixtures, luxury vinyl flooring, and a spacious new front porch. The black dimensional roof shingles will be replaced soon due to hail damage, and select siding, screens, and downspouts have already been replaced. The gable features upgraded board-and-batten siding. An unfinished basement offers approximately 941 square feet of additional space, which is not included in the total square footage, and is ideal for storage or future use. The property is positioned in a high-traffic area, offering excellent exposure and strong commercial appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taylor Hall, Realtor Real Estate Agent Supreme Dream Realty ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1111567
    Latitude
    37.7537892

    Nearby Similar for Sale

    • $3,800,000
      25,360 SF

      Owensboro Office Investment Opportunity

      High-traffic office complex with expansion potential in Owensboro, Kentucky.
      3108 Fairview Dr, Owensboro, KY 42303
      View Details
    • $1,350,000

      Downtown Investment Property with Multiple Streams

      Turnkey bar, office space, and luxury apartment in Owensboro.
      119 East 2Nd St, Owensboro, KY 42303
      View Details
    • $1,800,000

      Turn-Key Storage Facility in Owensboro

      Fully operational storage facility with climate-controlled, outdoor, and covered units.
      3149 Commonwealth Ct, Owensboro, KY 42303
      View Details
    • $595,000
      5,057 SF

      Historic Church Building with Amenities

      Century-old church with classrooms, offices, meeting hall, and kitchen.
      1400 Breckenridge St, Owensboro, KY 42303
      View Details
    • $4,000,000
      30,600 SF

      Renovated Downtown Owensboro Commercial Building

      Four-story commercial building in downtown Owensboro, fully renovated with modern amenities.
      121 E 2Nd St, Owensboro, KY 42303
      View Details
    • $2,600,000

      Income-Producing 40-Unit Apartment Complex

      Fully stabilized apartment complex with consistent rent roll and strong demand.
      1001 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $279,900

      Owensboro Retail with Commercial Kitchen

      Retail property with commercial kitchen and recent updates in Owensboro.
      1601 W 2Nd St, Owensboro, KY 42301
      View Details
    • $419,999
      1,520 SF

      Retail Opportunity on West Parrish

      Retail property on a busy corridor with high visibility.
      3196 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $3,600,000
      11,830 SF

      Owensboro Retail Center Investment Opportunity

      11,830 SF retail center in a prime location.
      5220 Frederica St, Owensboro, KY 42301
      View Details
    • $599,000
      17,564 SF

      Multi-Tenant Office Building in Owensboro

      Two-story office complex with income potential in a prime location.
      1700 Frederica St, Owensboro, KY 42301
      View Details
    • $3,999,000

      Retail Center with Strong Tenants

      Fully occupied shopping center with diverse tenants in growing area.
      2845 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $622,000

      Versatile Industrial Building Near Downtown

      Centrally located industrial building suitable for manufacturing, warehousing, or flex.
      1804 West 2Nd St, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Office space - B-4 zoned commercial building remodeled in 2023, suitable for various uses.
    Where is this office space located?
    The property is located at 2219 Frederica St Owensboro, KY.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: - High-visibility location in a high-traffic area with B-4 zoning suitable for diverse business types.; - Completely remodeled in 2023 featuring new electrical, plumbing, drywall, siding, LED lighting, and luxury vinyl flooring. Enjoy the spacious front porch.; - Unfinished 941 sq ft basement provides additional storage or potential for future expansion.
    (270) 993-6573
    Request Owner's contact information
    2219 Frederica St Owensboro, KY 42301
    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.
    2219 Frederica St
    Owensboro, KY 42301
    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
    2219 Frederica St Owensboro, KY 42301
    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

    We can help!
    Listing Contact
    Vickie Ballard
    Vickie Ballard
    Real Estate License ID: 247702
    (270) 993-6573
    Learn more
    Google sign-in failed. Please try again or use another login method.