Downtown Office Building with River
100 St Ann St Owensboro, KY 42303
For Sale
Contact for pricing
Three-story office building with river views in downtown Owensboro.
Property Size14,274 SF
Price / SF$242.40
Days on Market813
Property Features for 100 St Ann St
General Information
Standard status
Active
Size
14,274 SF
Property subtype
Office
Listing Agency:
Gulfstream Commercial Services LLC
(502) 744-1465
Listed By:
Fahr Juneja · License #214716
Source:
Crexi
Added: May 6, 2024
Changed: Jul 6
Last Checked: Jul 26 at 8:28AM
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
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 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 | $171.3k | $12.00 |
| − Vacancy | −$25.7k | −$1.80 |
| EGI | $145.6k | $10.20 |
| − OpEx | −$36.4k | −$2.55 |
| NOI | $109.2k | $7.65 |
14,274 SF · lease $12.00/SF/yr · vacancy 15.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
