Medical Office Building on
2831 New Hartford Road Owensboro, KY 42303
For Sale
$4,900,000
Move-in ready medical office building with subdivision potential.
Property Size19,970 SF
Price / SF$245.37
Days on Market141
Property Features for 2831 New Hartford Road
General Information
- Standard status
- Active
- Size
- 19,970 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing Agency:
Barron Commercial Group
(270) 313-2444
Listed By:
Bo Barron, CCIM · License #KY #207674
(270) 313-2444
Source:
Barroncommercial
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 23 at 3:31AM
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 Barron Commercial Group
Investment Insights
Based on property information with market context.
This 19,970 sq. ft. medical office building is located on New Hartford Road in Owensboro, KY. The facility is move-in ready and offers the ability to subdivide into 9,900 sq. ft. suites. Positioned along the highly traveled New Hartford Road Corridor, the property benefits from exceptional visibility, strong traffic counts, and convenient access to surrounding medical, commercial, and residential areas. The location is in the heart of Owensboro and only minutes away from Wendell Ford Expressway, highway 54 corridor as well as Frederica Street. This property is ideal for an owner-occupant, investor, or healthcare group seeking a premier location.
Key Highlights
- Move‑in ready 19,970 sq. ft. medical office building.
- Located on the highly traveled New Hartford Road Corridor with exceptional visibility and strong traffic counts.
- Divisible into 9,900 sq. ft. suites for multiple tenants or uses.
Financial Insights For Healthcare Medical
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 | $340.3k | $17.04 |
| − Vacancy | −$27.2k | −$1.36 |
| EGI | $313.1k | $15.68 |
| − OpEx | −$125.2k | −$6.27 |
| NOI | $187.8k | $9.41 |
19,970 SF · lease $17.04/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.68M
$2.35M – $3.13M
NOI $187,839 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$2.18M
$1.91M – $2.55M
NOI $152,771 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$3.58M
$3.13M – $4.17M
NOI $250,332 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Corey Southers
Physician
Ms. Janelle Meade
Physician
Allison Fallin
Physician
Rachel Griffith
Physician
Miranda Sermersheim
Physician
Similar Off Market Nearby
- Wills Animal Hospital — 3030 New Hartford Rd, Owensboro, KY 42303
- Wills Animal Hospital: Wolfe Cindy DVM — 3030 New Hartford Rd, Owensboro, KY 42303
FAQs
What type of property is this?
Medical Office Space - Move-in ready medical office building with subdivision potential.
Where is this medical office space located?
The property is located at 2831 New Hartford Road Owensboro, KY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Move‑in ready 19,970 sq. ft. medical office building.; Located on the highly traveled New Hartford Road Corridor with exceptional visibility and strong traffic counts.; Divisible into 9,900 sq. ft. suites for multiple tenants or uses.
