Warehouse with Direct Garage
1601 Triplett St Owensboro, KY 42303
For Sale
Contact for pricing
Warehouse includes direct garage access and a private office suite for logistics, storage, or operational use.
Property Size12,631 SF
Price / SF$91.05
Days on Market113
Property Features for 1601 Triplett St
General Information
- Standard status
- Active
- Size
- 12,631 SF
- Property subtype
- Office, Retail, Self Storage, Special Purpose
Building Details
- Year Built
- 1913
Listing Agency:
BHG Realty
Listed By:
John Ross Martin · License #300719
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 23 at 6:04AM
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
Investment Insights
Based on property information with market context.
1601 Triplett Street presents a warehouse designed for practical operations, featuring direct garage access into the main warehouse space. The building also includes a private office suite and high-end finishes intended to support everyday business use, along with modern upgrades.
The property is offered for sale and is also available for lease at $7,500 per month, providing flexibility for buyers and operators looking for a versatile warehouse setup.
The property is offered for sale and is also available for lease at $7,500 per month, providing flexibility for buyers and operators looking for a versatile warehouse setup.
Key Highlights
- 12,631 SF warehouse built in 1913 with direct garage access into the main warehouse space
- Includes a private office suite for on‑site business operations
- Designed for logistics, storage, or operational use
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 | $151.6k | $12.00 |
| − Vacancy | −$22.7k | −$1.80 |
| EGI | $128.8k | $10.20 |
| − OpEx | −$32.2k | −$2.55 |
| NOI | $96.6k | $7.65 |
12,631 SF · lease $12.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,627 @ 7.0% cap · market cap 8.40%
Second Best
Warehouse
$1.02M
$889.2K – $1.19M
NOI $71,138 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,334 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Owensboro Cabinet Outlet
Hardware & Home Improvement
Similar Off Market Nearby
- Roofer's Warehouse — 320 E 14th St, Owensboro, KY 42303
FAQs
What type of property is this?
Warehouse - Warehouse includes direct garage access and a private office suite for logistics, storage, or operational use.
Where is this warehouse located?
The property is located at 1601 Triplett St Owensboro, KY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 12,631 SF warehouse built in 1913 with direct garage access into the main warehouse space; Includes a private office suite for on‑site business operations; Designed for logistics, storage, or operational use
