Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Space in Owensboro Title is generated by Realmo AI

    300 Southtown Blvd, Owensboro, KY 42303

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr $12,250/Mo (calc)

    Prime commercial space suitable for various businesses in a vibrant location.

    Type:Office
    Property size:
    10,500 SF
    Added:
    Mar 5, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 300 Southtown Blvd

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Property subtype
    Office

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 300 Southtown Blvd 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

    • Prime commercial space totaling 10,500 sq. ft., with 7,000 sq. ft. contiguous.
    • Located at the high‑traffic intersection of Southtown Blvd. and JR Miller Blvd.
    • Excellent connectivity to major thoroughfares via Highway 231 and Frederica Street.
    • Ample parking available.
    • Located in a thriving area of Owensboro, KY with restaurants, cafes, and shops.
    • Versatile property suitable for medical office, bank branch, real estate office, or general office use.

    Overview

    Located at the intersection of Southtown Blvd. and JR Miller Blvd. in Owensboro, KY, this property offers 10,500 square feet of commercial space, including a contiguous 7,000 square feet. Formerly a bank, the location is suitable for a medical office to serve an underserved area, an office, a new bank branch, or a real estate office. The surrounding community offers a range of restaurants, cafes, and shops. The property provides easy access to Highway 231 and Frederica Street, offering connectivity to major thoroughfares. Ample parking is available. The lease rate is $14.00 per square foot NNN, with a preferred term of 3-5 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Estis Pressure Washing Landscaping ATM Atm South Central Bank Credit Union ATA Accounting Firm Vernon E Wathen ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1178
    Latitude
    37.7202

    Nearby Similar for Lease

    • $3,000/Mo
      1,562 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
    • $1,629/Mo
      1,396 SF

      Functional Office Space For Rent

      Professional office space with drive-up window and ample parking.
      3400 New Hartford Rd Ste B, Owensboro, KY 42303
      View Details
    • $3,500/Mo
      3,989 SF

      Updated Downtown Office Space Available

      Modern, versatile office space in downtown Owensboro.
      415 Saint Ann Street, Owensboro, KY 42303
      View Details
    • $3,000/Mo
      3,102 SF

      Downtown Office Space For Lease

      Well-configured office space in downtown Owensboro available 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
    • $1,700/Mo
      1,350 SF

      Downtown Retail Space in Owensboro

      Retail space in a high-traffic downtown location, ready for customization.
      112 Allen Street, Owensboro, KY 42303
      View Details
    • $1,875/Mo
      2,250 SF

      Retail Space in Audubon Plaza

      Retail space in high-traffic Owensboro location, versatile for various uses.
      2845 W Parrish Avenue, 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
    • $4,667/Mo
      3,500 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic area.
      3118 E Alvey Park Drive Unit 1, Owensboro, KY 42303
      View Details
    • $1,873/Mo
      1,450 SF

      Retail Space in High-Traffic Area

      Prime retail space in a well-established Owensboro strip center.
      3000 W Alvey Park Dr, Owensboro, KY 42303
      View Details
    • $1,050/Mo
      900 SF

      Retail Space in High-Traffic Center

      900 SF retail space in a busy Owensboro strip center.
      3601 Frederica St. Unit 2, Owensboro, KY 42301
      View Details
    • $1,604/Mo
      1,375 SF

      Retail Space in High-Traffic Area

      1,375 SF retail space with excellent visibility and strong traffic.
      1007 Tamarack Road Unit 3, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Office units - Prime commercial space suitable for various businesses in a vibrant location.
    Where is this office units located?
    The property is located at 300 Southtown Blvd Owensboro, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: **Prime commercial space totaling 10,500 sq. ft., with 7,000 sq. ft. contiguous.**; Located at the high‑traffic intersection of Southtown Blvd. and JR Miller Blvd.; Excellent connectivity to major thoroughfares via Highway 231 and Frederica Street.
    (270) 926-1101
    We can help!
    Listing Contact
    Todd Humphreys
    Todd Humphreys
    Real Estate License ID: KY #222972
    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
    300 Southtown Blvd, Owensboro, KY 42303
    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!