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    Warehouse with Direct Garage Access

    1601 Triplett Street Owensboro, KY 42303

    1601 Triplett Street, Owensboro, KY, 42303
    $1,150,000
    For Sale
    Claim this Listing
    $1,150,000

    SINGLE_FAMILY - Owensboro, KY

    Property Size12,631 SF
    Lot Size0.60 Acres
    Price / SF$91.05
    AddedMar 26
    Days on Market112
    Last RefreshJul 15 at 12:06 am

    Property Features for 1601 Triplett Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.60 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1913
    Building materials
    Block

    Listing agent John Ross Martin License #300719

    Listing office BHG Realty BHG Realty - 3424 Frederica Street, Owensboro, KY

    Listing date Mar 26, 2026

    MLS# 94448

    Copyright © 2026 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    1601 Triplett Street is a warehouse totaling 12,631 SF, designed to support efficient logistics, storage, or operational use. The layout includes direct garage access into the main warehouse space, along with a private office suite and upgraded, higher-end finishes for day-to-day business functionality.

    The property sits on approximately 0.6 acres in Owensboro, Kentucky. It is offered for sale, and the building is also available for lease at $7,500 per month.

    Key Highlights

    • 12,631 SF warehouse with direct garage access into the main warehouse space
    • Private office suite included for business operations
    • Electric central air cooling

    Local 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 (±1% cap)
    NOI $96,627 @ 7.0% cap · market cap 8.40%
    Second Best
    Warehouse
    $1.02M
    $889.2K – $1.19M (±1% cap)
    NOI $71,138 @ 7.0% cap · market cap 6.19%
    Theoretical Best
    Specialty Retail
    $2.26M
    $1.98M – $2.64M (±1% cap)
    NOI $158,334 @ 7.0% cap · market cap 13.77%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Owensboro Cabinet Outlet Hardware & Home Improvement

    Suggested Use

    Parking Lot & Garage Dental Office Cafe & Coffee Shop Storage Facility Locksmith Catering Service Pet Grooming Service Travel Agency Veterinary Clinic (Bike/Boat/Book/etc) Store

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

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    FAQs

    What type of property is this?
    Warehouse - Warehouse offering direct garage access to main space and a private office suite.
    Where is this warehouse located?
    The property is located at 1601 Triplett Street 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 with direct garage access into the main warehouse space; Private office suite included for business operations; Electric central air cooling
    Contact an agent
    (270) 608-2412
    We can help!
    Contact an agent
    John Ross Martin
    Real Estate License ID: 300719
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