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

    300 Southtown Blvd Owensboro, KY 42303

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($12,250 /Mo)

    10,500 SF commercial space in a thriving Owensboro location.

    Property size:
    10,500 SF
    Lot size:
    2.00 Acres

    Property Features for 300 Southtown Blvd

    General Information

    Size
    10,500 SF
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Bo Barron
    Source: Moodyscre

    Listing Agency: Barron Commercial Group Listing Agent: Bo Barron

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Commercial Space in Owensboro

    Located in Owensboro, KY, the property is situated on the southside of a thriving city with a variety of restaurants, cafes, and shops. It offers convenient access to Highway 231 and Frederica Street, providing connectivity to major thoroughfares. The property, a former bank located at the intersection of Southtown Blvd. and JR Miller Blvd., features 10,500 square feet of commercial space, including a contiguous 7,000 square feet. This location is suitable for a medical office to serve an underserved area and is also perfect for an office, new bank branch, or real estate office.
    Location Intelligence

    Current Use by Public Records

    Estis Pressure Washing Pressure Washing Service ATM Atm South Central Bank Credit Union ATA Accountant Vernon E Wathen ... Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1178403
    Latitude
    37.7202202

    Nearby Similar for Lease

    • $3,893 /Mo
      2,920 SF

      Prime Office in Business District

      Well-maintained office space in a high-traffic business district.
      2856 Farrell Cres, Owensboro, KY 42301
      View Details
    • $3,500 /Mo
      8,500 SF

      Retail Space in Sherwood Center

      Retail space available in busy Owensboro shopping center.
      3980 Frederica St, Owensboro, KY 42301
      View Details
    • $3,126 /Mo

      Centrally Located Office Space

      1,876 sq. ft. office space for lease.
      1302 Frederica St, Owensboro, KY 42301
      View Details
    • $8,750 /Mo
      14,000 SF

      Spacious Industrial Facility For Lease

      14,000 SF industrial facility with oversized doors and loading dock.
      2920 B Fairview Dr, Owensboro, KY 42303
      View Details
    • $2,500 /Mo
      2,958 SF

      Spacious Commercial Office For Lease

      Versatile commercial space with room for 8-10 private offices.
      2816 Veach Rd, Owensboro, KY 42303
      View Details
    • $9,680 /Mo
      9,680 SF

      Owensboro Warehouse Space For Lease

      Newly built warehouse space available for lease in Owensboro, KY.
      125 Salem Dr, Owensboro, KY 42303
      View Details
    • $9,680 /Mo

      Owensboro Warehouse Space For Lease

      Newly built warehouse space available for lease in Owensboro, KY.
      210 Salem Dr, Owensboro, KY 42303
      View Details
    • Contact for pricing
      7,385 SF

      Office Space on Frederica Street

      Office spaces in vibrant location near cultural and shopping districts.
      600 Frederica St, Owensboro, KY 42301
      View Details
    • $1,875 /Mo
      2,250 SF

      Retail Space in Audubon Plaza

      Retail space in high-traffic Owensboro location, versatile for various uses.
      2845 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $2,700 /Mo
      1,747 SF

      Downtown Owensboro Office Space Available

      Turn-key professional office space in downtown Owensboro for lease.
      608 Frederica St 100-B, Owensboro, KY 42301
      View Details
    • Contact for pricing
      1,107 SF

      Professional Office Space Available

      Prime office space with high traffic count in Owensboro, KY.
      4531 State Route 54, Owensboro, KY 42303
      View Details
    • $1,166 /Mo
      1,400 SF

      Retail Space in Audubon Plaza

      Retail space available in high-traffic Owensboro location.
      2845 W Parrish Ave, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Office space - 10,500 SF commercial space in a thriving Owensboro location.
    Where is this office space located?
    The property is located at 300 Southtown Blvd Owensboro, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial space offering a total of 10,500 square feet, including a contiguous 7,000 square feet.; - Excellent location at the intersection of Southtown Blvd. and JR Miller Blvd.; - High-traffic location ideal for various businesses, including medical offices, banks, and real estate offices.
    (270) 313-2444
    Request Owner's contact information
    300 Southtown Blvd Owensboro, KY 42303
    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.
    300 Southtown Blvd
    Owensboro, KY 42303
    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
    300 Southtown Blvd Owensboro, KY 42303
    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
    Bo Barron
    (270) 313-2444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.