Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Owensboro Restaurant/Bar with Patio Title is generated by Realmo AI

    2509 W Parrish Ave, Owensboro, KY 42301

    View on Map
    Claim this Listing
    For Lease
    $14 SF/Yr

    Restaurant/bar with patio, stages, and ample parking in Owensboro.

    Type:Retail
    Added:
    Mar 5, 2026
    Days on Market:
    89
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 2509 W Parrish Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 2509 W Parrish Ave Contact us

    We can help!

    Listing Contact
    Todd Humphreys
    Todd Humphreys

    Listing agent Todd Humphreys License #KY #222972

    Listing office Barron Commercial Group

    Listing date Mar 5, 2026

    Source Barroncommercial

    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 Barron Commercial Group

    HighLights

    • Highly competitive lease rate of $14.00 Psf, NNN.
    • Favorable 5‑year lease term.
    • Excellent visibility in a high‑traffic location in the heart of Owensboro, KY.
    • Inviting patio area and two stages for live music performances.
    • Ample parking for customers and staff.
    • Surrounded by diverse dining, entertainment, and retail amenities.

    Overview

    Located in Owensboro, KY, this restaurant/bar property offers a leasing opportunity with a lease rate of $14.00 per square foot, NNN, and a 5-year term. The property features an inviting patio area, two stages suitable for live music performances, and ample parking space. The location provides excellent visibility and is surrounded by a variety of amenities and attractions. It offers convenient access to dining options, entertainment venues, and retail establishments. This space is suitable for food and beverage operators seeking a dynamic presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liquor Barn West ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Banky's Sports Bar & Grill — 1108 W 9th St, Owensboro, KY 42301
    • The Frozen Lounge — 1738 Sweeney St, Owensboro, KY 42303
    • Club 300 — 600 e 14th st, owensboro, ky 42303
    • Diamond lounge — 1925 Triplett St, Owensboro, KY 42303
    • Diamond Lanes Midtown — 1901 Triplett St, Owensboro, KY 42303

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1433
    Latitude
    37.7584

    Nearby Similar for Lease

    • $3,000/Mo
      941 SF

      Remodeled Commercial Building in Owensboro

      High-visibility commercial building suitable for retail, office, medical, or restaurant.
      2219 Frederica St, Owensboro, KY 42301
      View Details
    • $1,982/Mo
      1,321 SF

      Downtown Owensboro Office Opportunity

      Prime office space in downtown Owensboro with flexible layout.
      608 Frederica Street, Owensboro, KY 42301
      View Details
    • $3,500/Mo
      3,989 SF

      Updated Office Space in Downtown

      Modern, versatile office space available for lease in downtown Owensboro.
      415 Saint Ann Street, Owensboro, KY 42303
      View Details
    • $3,000/Mo
      2,972 SF

      Downtown Owensboro Office Space Available

      Well-configured office space in downtown Owensboro for lease.
      401 Frederica Street Suite 101A, Owensboro, KY 42303
      View Details
    • $4,500/Mo
      4,347 SF

      Downtown Owensboro Commercial Space Available

      Versatile commercial space in the heart of Downtown Owensboro.
      401 Frederica Street 101C, Owensboro, KY 42301
      View Details
    • $3,500/Mo
      2,625 SF

      Retail Space in High-Traffic Area

      2,625 SF retail space in a busy Owensboro strip center.
      636 Southtown Blvd Unit 2, Owensboro, KY 42301
      View Details
    • $1,604/Mo
      1,375 SF

      Retail Space in Owensboro, KY

      Prime retail space with high visibility and strong traffic flow.
      1007 Tamarack Road Unit 4, Owensboro, KY 42301
      View Details
    • $1,604/Mo
      1,375 SF

      Retail Space in High-Traffic Area

      Prime retail space with excellent visibility and strong traffic flow.
      1007 Tamarack Road Unit 3, Owensboro, KY 42301
      View Details
    • $1,604/Mo
      1,375 SF

      Retail Space in Owensboro, KY

      Prime retail space with high visibility and strong traffic flow.
      1007 Tamarack Road Unit 5, Owensboro, KY 42301
      View Details
    • $1,453/Mo
      1,125 SF

      Retail Space in High-Traffic Center

      1,125 SF retail space in a busy Owensboro center.
      3601 Frederica St. Unit 8, Owensboro, KY 42301
      View Details
    • $1,983/Mo
      1,700 SF

      High-Traffic Retail Space Available

      1,700 SF retail space in a busy Owensboro strip center.
      3525 Frederica St. Unit 3, Owensboro, KY 42301
      View Details
    • $1,050/Mo
      900 SF

      Retail Space in High-Traffic Area

      900 SF retail space in a busy Owensboro strip center.
      3601 Frederica St. Unit 2, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant/bar with patio, stages, and ample parking in Owensboro.
    Where is this bar & pub located?
    The property is located at 2509 W Parrish Ave Owensboro, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Highly competitive lease rate of $14.00 Psf, NNN.; Favorable 5‑year lease term.; Excellent visibility in a high‑traffic location in the heart of Owensboro, KY.
    (270) 926-1101
    We can help!
    Listing Contact
    Todd Humphreys
    Todd Humphreys
    Real Estate License ID: KY #222972
    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
    2509 W Parrish Ave, 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!