Government Office
3108 Fairview Dr Owensboro, KY 42303
For Sale
$3,250,000
COMMERCIAL - Owensboro, KY
Property Size25,000 SF
Lot Size2.70 Acres
Price / SF$130
Days on Market253
Property Features for 3108 Fairview Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
2.70 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1991
Number of units
3
Building materials
Steel Frame
Listing Agency:
BHG Realty
(270) 240-1501
Listed By:
John Ross Martin · License #300719
(270) 608-2412
Added: Nov 18, 2025
Changed: Jul 23
Last Checked: Jul 29 at 11:06AM
MLS# 93643
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.
Located at 3108 Fairview Dr in Owensboro, Kentucky, this government office complex is positioned along a high-traffic corridor. The offering includes a fire suppression system and high-end finishes, with a new roof scheduled for 2025.
The property is situated on a lot of nearly 3 acres, providing room for additional buildings. Public remarks also cite a strong 7% cap rate and a low-maintenance, cash-flowing profile.
For buyers looking for a stabilized office investment in Daviess County, this complex presents an established government office configuration with ongoing building improvements already planned.
The property is situated on a lot of nearly 3 acres, providing room for additional buildings. Public remarks also cite a strong 7% cap rate and a low-maintenance, cash-flowing profile.
For buyers looking for a stabilized office investment in Daviess County, this complex presents an established government office configuration with ongoing building improvements already planned.
Key Highlights
- Strong 7% Cap Rate
- 25,000+ SF Government Office Complex
- Nearly 3‑Acre Lot with Room for Additional Buildings
Financial Insights For Office B
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 | $300.0k | $12.00 |
| − Vacancy | −$45.0k | −$1.80 |
| EGI | $255.0k | $10.20 |
| − OpEx | −$63.8k | −$2.55 |
| NOI | $191.3k | $7.65 |
25,000 SF · lease $12.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,250 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.48M
$3.92M – $5.22M
NOI $313,385 @ 7.0% cap · market cap 9.64%
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?
Office building - High-traffic government office complex with a fire suppression system and a new roof scheduled for 2025.
Where is this office building located?
The property is located at 3108 Fairview Dr Owensboro, KY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Strong 7% Cap Rate; 25,000+ SF Government Office Complex; Nearly 3‑Acre Lot with Room for Additional Buildings
