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Medical/Professional Office Building

2815-2835 Farrell Crescent Owensboro, KY 42303

New
2815-2835 Farrell Crescent, Owensboro, KY, 42303
$725,000
For Sale
Claim this Listing
$725,000

SINGLE_FAMILY - Owensboro, KY

Property Size6,938 SF
Lot Size3.00 Acres
Price / SF$104.50
AddedJul 13
Days on Market2
Last RefreshJul 14 at 10:06 pm

Property Features for 2815-2835 Farrell Crescent

General Information

Property type
Residential
Property subtype
Office
Standard status
Active
Lot size
3.00 Acres

Building Details

Year built
1991

Listing agent Blake Hayden License #217646

Listing office BHG Realty BHG Realty - 3424 Frederica Street, Owensboro, KY

Listing date Jul 13, 2026

MLS# 95282

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.


Investment Insights

Based on property information with market context.

This one-story medical/professional office building offers a flexible layout for a range of professional uses. Originally constructed in 1991, the property totals 6,938 square feet and is positioned for an owner-user, medical practice, or investor who is looking to renovate, customize, or reposition the space. On-site parking supports day-to-day patient and client access.

The property is located at 2815–2835 Farrell Crescent in Owensboro, Kentucky, along a healthcare corridor and surrounded by established medical and professional offices. The listing notes strong accessibility and convenient access to major thoroughfares.

Zoned B-4 General Business, the building’s configuration and existing improvements provide a practical base for prospective tenants or buyers planning interior updates to match their operating needs.

Key Highlights

  • 6,938 SF one‑story medical/professional office building built in 1991
  • Located on approx. 1.61 acres along Farrell Crescent
  • B‑4 General Business zoning

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $118.2k $17.04
− Vacancy −$9.5k −$1.36
EGI $108.8k $15.68
− OpEx −$43.5k −$6.27
NOI $65.3k $9.41
6,938 SF · lease $17.04/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$932.3K
$815.7K – $1.09M (±1% cap)
NOI $65,259 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$758.2K
$663.5K – $884.6K (±1% cap)
NOI $53,076 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $86,970 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Law Firm Nail Salon Electrical Service (Bike/Boat/Book/etc) Store Gym & Fitness Center Bakery (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair HVAC Service

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

FAQs

What type of property is this?
Office building - One-story, 1991-built office building with flexible medical/professional layout and on-site parking, zoned B-4.
Where is this office building located?
The property is located at 2815-2835 Farrell Crescent Owensboro, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 6,938 SF one‑story medical/professional office building built in 1991; Located on approx. 1.61 acres along Farrell Crescent; B‑4 General Business zoning
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