One-Story Office
For Sale
$725,000
Pending
2815-2835 Farrell Crescent, Owensboro, KY 42303
COMMERCIAL SALES, Owensboro, KY
Property Size6,938 SF
Lot Size3.00 Acres
Days on Market97
Property Features for 2815-2835 Farrell Crescent
General Information
Property type
Residential
Property subtype
Office
Subdivision
CENTRAL
Standard status
Pending
Lot size
3.00 Acres
Building Details
Year built
1991
Listing Agency:
BHG Realty
(270) 240-1501
Listed By:
Blake Hayden · License #217646
(270) 244-6162
Added: Jul 13
Changed: Sep 19
Last Checked: Oct 17 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This one-story office building was constructed in 1991 and is positioned for professional or healthcare-related occupancy. The property includes on-site parking and a layout described as suitable for renovation, customization, or repositioning.
Located at 2815-2835 Farrell Crescent in Owensboro, the building benefits from access to major thoroughfares and proximity to Owensboro Health. The surrounding area includes established medical and professional offices, supporting a commercial setting tailored to office users.
Located at 2815-2835 Farrell Crescent in Owensboro, the building benefits from access to major thoroughfares and proximity to Owensboro Health. The surrounding area includes established medical and professional offices, supporting a commercial setting tailored to office users.
Key Highlights
- One‑story office building constructed in 1991
- B‑4 General Business zoning
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,259
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,180
$1.3M
Cap Rate 7%
$932,271
$932.3K
Cap Rate 9%
$725,100
$725.1K
Market Conditions
NOI Build-Up for 6,938 SF
Gross rent
$118.2K $17.04/SF
− Vacancy
−$9.5K −$1.36/SF
EGI
$108.8K $15.68/SF
− OpEx
−$43.5K −$6.27/SF
NOI
$65.3K $9.41/SF
Area
Daviess County, KY
Vacancy
8.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,180
Cap Rate 7%
$932,271
Cap Rate 9%
$725,100
Alternative Uses
Best Use
Healthcare Medical
$932.3K
$815.7K – $1.09M
NOI $65,259 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$758.2K
$663.5K – $884.6K
NOI $53,076 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,970 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
560
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 - B-4 General Business zoning, on-site parking, and access to established healthcare and professional office surroundings.
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: One‑story office building constructed in 1991; B‑4 General Business zoning; On‑site parking included
