Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Corner Commercial Property Title is generated by Realmo AI

    2201 Frederica Street, Owensboro, KY 42301

    View on Map
    Claim this Listing
    New
    For Sale
    $550,000

    Mixed Use, Free-standing - Owensboro, KY

    Type:Mixed Use
    Added:
    May 20, 2026
    Days on Market:
    3
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 2201 Frederica Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Parking features
    Paved or Surfaced
    Standard status
    Active

    Building Details

    Flooring type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    L. Steve Castlen

    Listing agent L. Steve Castlen License #182280

    Listing office L. Steve Castlen, REALTORS® L. Steve Castlen, REALTORS®, Owensboro, KY

    Listing date May 20, 2026

    MLS# 94890 Listing URL

    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

    • Prime corner location at Frederica Street and 22nd Street with high visibility.
    • Recently updated with new siding, roofing, and HVAC.
    • Suitable for various commercial uses (offices, salon, retail, etc.).
    • Rear alley access and some off‑street parking.
    • Located in a high‑traffic area with established businesses and strong community presence.
    • Rare opportunity in a highly sought‑after commercial corridor.

    Overview

    This commercial property is located on the corner of Frederica Street and 22nd Street in Owensboro, Kentucky. The property offers high visibility, rear alley access, and some off-street parking. It is suited for offices, a beauty salon, boutique retail, or other commercial uses. The property is surrounded by established businesses, including Owensboro Antiques & More, a law office, and Independence Bank. The building features new siding, roofing, and HVAC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T D's Tuff ... Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1111528
    Latitude
    37.7542662

    Nearby Similar for Sale

    • $139,500
      3,000 SF

      Commercial Building Near 4th Street

      3,000 SqFt commercial building, ideal for service shop or storage.
      325 Hamilton Avenue, Owensboro, KY 42303
      View Details
    • $499,900

      Turnkey Retail Investment Opportunity

      Income-producing retail property with established tenant in high-visibility location.
      2101 W. Parrish Ave., Owensboro, KY 42301
      View Details
    • $1,499,900

      Turnkey Business Opportunity with Real Estate

      Established pool company, inventory, and real estate for sale.
      1431 & 1439 Bosley Rd, Owensboro, KY 42301
      View Details
    • $549,000
      17,564 SF

      Multi-Tenant Office Complex in Owensboro

      Two-story office building with income potential in a prime location.
      1700 Frederica Street, Owensboro, KY 42301
      View Details
    • $399,900

      Remodeled Commercial Building in Owensboro

      High-visibility commercial building remodeled in 2023, suitable for various uses.
      2219 Frederica St, Owensboro, KY 42301
      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
    • $3,250,000
      25,360 SF

      Owensboro Office Building Investment

      25,360 SF office building with high-end finishes.
      3108 Fairview Dr, Owensboro, KY 42303
      View Details
    • $1,150,000

      Versatile Warehouse with Modern Upgrades

      12,631 SF warehouse ideal for logistics, storage, or operations.
      1601 Triplett Street, Owensboro, KY 42303
      View Details
    • $350,000

      Office Warehouse in Owensboro, KY

      Centrally located office warehouse with functional layout and ample parking.
      435 E 14th Street, Owensboro, KY 42303
      View Details
    • $725,000

      Corner Lot Office Building

      Highly visible office building on a corner lot with parking.
      2001 Frederica Street, Owensboro, KY 42303
      View Details
    • $900,000
      13,920 SF

      Functional Industrial Property For Sale

      13,920 SF industrial property with office and warehouse space.
      1602 West 7th 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

    FAQs

    What type of property is this?
    Mixed-use property - Prime commercial opportunity in the heart of Owensboro, Kentucky.
    Where is this mixed-use property located?
    The property is located at 2201 Frederica Street Owensboro, KY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime corner location at Frederica Street and 22nd Street with high visibility.; Recently updated with new siding, roofing, and HVAC.; Suitable for various commercial uses (offices, salon, retail, etc.).
    (270) 231-2537
    We can help!
    Listing Contact
    L. Steve Castlen
    Real Estate License ID: 182280
    Learn More
    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
    2201 Frederica 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!