Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Building in Owensboro, KY Title is generated by Realmo AI

    1620 W 7th Street, Owensboro, KY 42301

    View on Map
    Claim this Listing
    For Sale
    $2,600,000

    COMMERCIAL - Owensboro, KY

    Property size:
    40,000 SF
    Lot size:
    1.94 Acres
    Price / SF:
    $65/SF
    Added:
    Feb 17, 2026
    Days on Market:
    100
    Last Refresh:
    May 28 at 4:06 pm

    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

    We can help!

    Listing Contact
    DAUGHERTY - PHELPS TEAM

    Listing agent DAUGHERTY - PHELPS TEAM

    Listing office Triple Crown Realty Group Triple Crown Realty Group 100 W 3rd Street - Suite 200 - A, KY

    Listing date Feb 17, 2026

    MLS# 94127

    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.

    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
    • Benefit from a 21' clear height
    • 1,000 amps of power available
    • Fully sprinklered and heated (Natural Gas)

    Overview

    This 40,000 SF industrial building, located in Owensboro, KY, is zoned I-2. The building is fully sprinklered and heated, featuring a 21' clear height. It includes four 14' overhead doors, three loading docks, and one drive-in door. The property has 1,000 amps of power. A new roof and insulation are scheduled for completion in 2025. The property sits on a 1.94-acre lot and is suitable for manufacturing, warehousing, or distribution purposes.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $2.50M
    NOI $225,281 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.22M
    NOI $225,281 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.51M
    NOI $225,281 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    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
    40,000 SF · lease $6.96/SF/yr · vacancy 4.80% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $3.22M
    $2.82M – $3.75M (±1% cap)
    NOI $225,281 @ 7.0% cap · market cap 8.66%
    Second Best
    Industrial
    $2.50M
    $2.19M – $2.92M (±1% cap)
    NOI $175,190 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Specialty Retail
    $7.16M
    $6.27M – $8.36M (±1% cap)
    NOI $501,415 @ 7.0% cap · market cap 19.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blackbird Manufacturing Corporate Office Wholesale Doors & Trim Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.129606
    Latitude
    37.7677622

    Nearby Similar for Sale

    • $1,499,900
      3,840 SF

      Turnkey Business Opportunity with Real Estate

      Established pool company, inventory, and real estate for sale.
      1431 & 1439 Bosley Rd, Owensboro, KY 42301
      View Details
    • $900,000
      13,920 SF

      Functional Industrial Property For Sale

      13,920 SF industrial property with office and warehouse space.
      1602 W 7th Street, Owensboro, KY 42301
      View Details
    • $139,500
      3,000 SF

      Owensboro Commercial Building For Sale

      3,000 SqFt commercial building ideal for service type shop.
      325 Hamilton Avenue, Owensboro, KY 42303
      View Details
    • $1,150,000
      12,631 SF

      Versatile Warehouse with Modern Upgrades

      12,631 SF warehouse ideal for logistics, storage, or operations.
      1601 Triplett Street, Owensboro, KY 42303
      View Details
    • $499,900
      3,028 SF

      Retail Investment Opportunity, Owensboro, KY

      Turnkey retail investment with established tenant through 2028.
      2101 W Parrish Ave., Owensboro, KY 42301
      View Details
    • $549,000
      17,564 SF

      Multi-Tenant Office Complex For Sale

      Two-story office complex with income potential in prime location.
      1700 Frederica Street, Owensboro, KY 42301
      View Details
    • $550,000

      High-Visibility Corner Commercial Property

      Prime commercial opportunity in the heart of Owensboro!
      2201 Frederica Street, Owensboro, KY 42301
      View Details
    • $299,900
      1,824 SF

      Downtown Owensboro Industrial Building For Sale

      1,824 SF industrial building in downtown Owensboro, Kentucky.
      1000 W 2nd Street, Owensboro, KY 42301
      View Details
    • $2,170,000

      Turnkey Office Building For Sale

      Standalone office building with high visibility and strong in-place income.
      3520 New Hartford Road, Owensboro, KY 42303
      View Details
    • $3,250,000
      25,000 SF

      Owensboro Government Office Complex

      High-traffic commercial property with reliable cash flow and expansion potential.
      3108 Fairview Dr, Owensboro, KY 42303
      View Details
    • $350,000

      Owensboro Office Warehouse For Sale

      Centrally located office warehouse with functional layout and ample parking.
      435 E 14th Street, Owensboro, KY 42303
      View Details
    • $199,900

      Prime Commercial Office in Owensboro

      Centrally located office space with high visibility and flexible layout.
      629 E 21st St, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Industrial property - 40,000 SF industrial building ideal for manufacturing, warehousing, distribution.
    Where is this industrial property located?
    The property is located at 1620 W 7th Street 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: 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
    (270) 313-7964
    We can help!
    Listing Contact
    DAUGHERTY - PHELPS TEAM
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1620 W 7th Street, Owensboro, KY 42301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!