Office Building with Three-Bay
For Sale
$449,900
1900 Triplett St, Owensboro, KY 42303
COMMERCIAL SALES, Owensboro, KY
Property Size3,409 SF
Lot Size0.46 Acres
Price / SF$131.97
Days on Market53
Property Features for 1900 Triplett St
General Information
Property type
Residential
Property subtype
Office
Subdivision
EAST
Standard status
Active
Lot size
0.46 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Amenities
three-bay drive-thru
Building Details
Year built
1991
Building materials
Brick
Listing Agency:
Supreme Dream Realty, LLC
Listed By:
Vickie Ballard
(270) 993-6573
Added: Aug 28
Changed: Oct 10
Last Checked: Oct 19 at 9:06PM
MLS# 95637
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.
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Investment Insights
Based on property information with market context.
This former bank property provides approximately 3,409 square feet of office space on a 0.46-acre site. The building includes two bathrooms, a three-bay drive-through, brick construction, and a layout identified for professional office, financial service, medical, dental, retail, salon, beauty, and studio uses. Built in 1991, the property is equipped with natural gas heating and central air conditioning with electric cooling.
Located at 1900 Triplett St in Owensboro, the property carries B-4 General Business zoning. Its existing drive-up arrangement and office-oriented configuration provide physical features suited to businesses that serve customers on site.
Located at 1900 Triplett St in Owensboro, the property carries B-4 General Business zoning. Its existing drive-up arrangement and office-oriented configuration provide physical features suited to businesses that serve customers on site.
Key Highlights
- Approximately 3,409 sq. ft. on 0.46 acre
- Three‑bay drive‑through configuration
- B‑4 General Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,079
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,580
$521.6K
Cap Rate 7%
$372,557
$372.6K
Cap Rate 9%
$289,767
$289.8K
Market Conditions
NOI Build-Up for 3,409 SF
Gross rent
$40.9K $12.00/SF
− Vacancy
−$6.1K −$1.80/SF
EGI
$34.8K $10.20/SF
− OpEx
−$8.7K −$2.55/SF
NOI
$26.1K $7.65/SF
Area
Daviess County, KY
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,580
Cap Rate 7%
$372,557
Cap Rate 9%
$289,767
Alternative Uses
Best Use
Office B
$372.6K
$326.0K – $434.7K
NOI $26,079 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$610.5K
$534.2K – $712.2K
NOI $42,733 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 42303, KY
41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The adaptable interior includes two bathrooms and a dedicated customer-service drive-up configuration.
Where is this office building located?
The property is located at 1900 Triplett St Owensboro, KY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 3,409 sq. ft. on 0.46 acre; Three‑bay drive‑through configuration; B‑4 General Business zoning
