40,000 SF Industrial
For Sale
$2,600,000
1620 W 7th St, Owensboro, KY 42301
Industrial building suitable for manufacturing, warehousing, or distribution.
Property Size40,000 SF
Price / SF$65
Days on Market232
Property Features for 1620 W 7th St
General Information
Standard status
Active
Size
40,000 SF
Listing Agency:
Triple Crown Realty Group
Listed By:
DAUGHERTY - PHELPS TEAM
(270) 313-7428
Source:
Exprealty
Added: Feb 17
Changed: Oct 3
Last Checked: Oct 5 at 8:41PM
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 Triple Crown Realty Group
Investment Insights
Based on property information with market context.
This 40,000 square foot industrial building is zoned I-2 and features a full sprinkler system and heating. The building offers a 21-foot clear height, four 14-foot overhead doors, three loading docks, and one drive-in door. It is equipped with 1,000 amps of power. The property is suitable for manufacturing, warehousing, or distribution. A new roof and insulation are planned for completion in 2025.
Key Highlights
- New roof and insulation (completed in 2025)
- 40,000 SF industrial building zoned I‑2
- Benefit from 21’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,190
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,800
$3.5M
Cap Rate 7%
$2,502,714
$2.5M
Cap Rate 9%
$1,946,556
$1.9M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$264.0K $6.60/SF
− Vacancy
−$13.7K −$0.34/SF
EGI
$250.3K $6.26/SF
− OpEx
−$75.1K −$1.88/SF
NOI
$175.2K $4.38/SF
Area
Daviess County, KY
Vacancy
5.20%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,800
Cap Rate 7%
$2,502,714
Cap Rate 9%
$1,946,556
Alternative Uses
Best Use
Industrial
$2.50M
$2.19M – $2.92M
NOI $175,190 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.16M
$6.27M – $8.36M
NOI $501,415 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building suitable for manufacturing, warehousing, or distribution.
Where is this industrial property located?
The property is located at 1620 W 7th St Owensboro, KY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: New roof and insulation (completed in 2025); 40,000 SF industrial building zoned I‑2; Benefit from **21’ clear height**
