1620 W 7th Street Owensboro, KY 42301
COMMERCIAL - Owensboro, KY
Property Features for 1620 W 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- Size
- 40,000 SF
- Lot size
- 1.94 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Building materials
- Steel Frame
Listing agent DAUGHERTY - PHELPS TEAM (270) 313-7964
Listing office Triple Crown Realty Group Triple Crown Realty Group 100 W 3rd Street - Suite 200 - A, KY (270) 926-9999
Listing date Feb 17, 2026
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.
Key Highlights
- 40,000 SF industrial building ideal for manufacturing, warehousing, or distribution
- New roof and insulation completed in 2025
- Features 3 loading docks, 4 overhead doors (14'), and 1 drive‑in door
Local Financial Insights For Warehouse
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 | $278.4k | $6.96 |
| − Vacancy | −$13.4k | −$0.33 |
| EGI | $265.0k | $6.63 |
| − OpEx | −$39.8k | −$0.99 |
| NOI | $225.3k | $5.63 |
