3108 Fairview Dr, Owensboro, KY 42303
COMMERCIAL - Owensboro, KY
- Added:
- Nov 18, 2025
- Days on Market:
- 206
- Last Refresh:
- Jun 12 at 11:06 pm
Property Features for 3108 Fairview Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 2.70 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1991
- Number of units
- 3
- Building materials
- Steel Frame
Listing agent John Ross Martin License #300719 (270) 608-2412
Listing office BHG Realty BHG Realty - 3424 Frederica Street, Owensboro, KY (270) 240-1501
Listing date Nov 18, 2025
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.
HighLights
- Strong 7% Cap Rate
- 25,000+ SF Government Office Complex
- Nearly 3‑Acre Lot with Room for Additional Buildings
- Reliable, Low‑Maintenance Cash Flow
- New Roof Scheduled for 2025
- High‑Traffic Corridor Location
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Owensboro
- County
- Daviess
- State
- Kentucky
- Longitude
- -87.05901
- Latitude
- 37.7491298
