Downtown Office Building with River
For Sale
Contact for pricing
100 St Ann St, Owensboro, KY 42303
Three-story office building with river views in downtown Owensboro.
Property Size14,274 SF
Price / SF$242.40
Days on Market906
Property Features for 100 St Ann St
General Information
Standard status
Active
Size
14,274 SF
Class
B
Property subtype
Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
3
Listing Agency:
Gulfstream Commercial Services LLC
Listed By:
Fahr Juneja · License #214716
(502) 744-1465
Source:
Crexi
Added: May 6, 2024
Changed: Oct 26
Last Checked: Oct 28 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gulfstream Commercial Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story office building is located in downtown Owensboro and offers views of the Ohio River and Smothers Park. The property, with a size of 14274 square feet, is suitable for single or multiple tenants. It presents an opportunity for a company seeking a location near downtown Owensboro's amenities.
Key Highlights
- Incredible views of the Ohio River and Smothers Park.
- Located in downtown Owensboro near numerous amenities.
- Suitable for single user or multiple tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,196
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,920
$2.2M
Cap Rate 7%
$1,559,943
$1.6M
Cap Rate 9%
$1,213,289
$1.2M
Market Conditions
NOI Build-Up for 14,274 SF
Gross rent
$171.3K $12.00/SF
− Vacancy
−$25.7K −$1.80/SF
EGI
$145.6K $10.20/SF
− OpEx
−$36.4K −$2.55/SF
NOI
$109.2K $7.65/SF
Area
Daviess County, KY
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,920
Cap Rate 7%
$1,559,943
Cap Rate 9%
$1,213,289
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $109,196 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $178,930 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 42303, KY
41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with river views in downtown Owensboro.
Where is this office building located?
The property is located at 100 St Ann St Owensboro, KY.
What is the asking price?
The asking price for this property is $3,460,000.
What are key features of this property?
This property features: Incredible views of the Ohio River and Smothers Park.; Located in downtown Owensboro near numerous amenities.; Suitable for single user or multiple tenants.
