Retail
1508 West 4th Street, Owensboro, KY 42301
For Sale
Contact for pricing
A retail property in Owensboro, Kentucky, is offered for sale.
Property Size2,050 SF
Price / SF$119.51
Days on Market19
Property Features for 1508 West 4th Street
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Listing Agency:
BHG Realty
Listed By:
James Rodney Adkins · License KY #286450
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 4:57PM
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 BHG Realty
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Investment Insights
Based on property information with market context.
This retail space is offered for sale at 1508 West 4th Street in Owensboro, Kentucky. The listing identifies the property as a 2,050-square-foot retail asset with a 12.00% cap rate.
Key Highlights
- 2,050 square feet of retail space
- 12.00% cap rate
- Located at 1508 West 4th Street in Owensboro, Kentucky
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,412
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,240
$448.2K
Cap Rate 7%
$320,171
$320.2K
Cap Rate 9%
$249,022
$249.0K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$33.7K $16.44/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$32.0K $15.62/SF
− OpEx
−$9.6K −$4.69/SF
NOI
$22.4K $10.93/SF
Area
Daviess County, KY
Vacancy
5.00%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,240
Cap Rate 7%
$320,171
Cap Rate 9%
$249,022
Alternative Uses
Best Use
Retail
$320.2K
$280.2K – $373.5K
NOI $22,412 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$367.1K
$321.2K – $428.3K
NOI $25,698 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Krispy Krunchy Chicken
Dining
3,356 visits/mo
0.3 miles
Valero Energy
Shops & Services
3,295 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,741 visits/mo
0.2 miles
Demographics for 42301, KY
44,883
Population
19,833
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
173.0 sq mi
ZIP Area
259
Density / Sq Mi
$62,010
Median Household Income
$37,305
Median Earnings
$883
Median Rent
$180,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A retail property in Owensboro, Kentucky, is offered for sale.
Where is this retail space located?
The property is located at 1508 West 4th Street Owensboro, KY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,050 square feet of retail space; 12.00% cap rate; Located at 1508 West 4th Street in Owensboro, Kentucky
