Historic Downtown Office
303 E 4th Street, Owensboro, KY 42303
For Sale
$895,000
COMMERCIAL SALES, Owensboro, KY
Property Size3,500 SF
Lot Size0.26 Acres
Price / SF$255.71
Days on Market102
Property Features for 303 E 4th Street
General Information
Property type
Property subtype
Rooms
Parking features
Subdivision
Standard status
Lot size
Utilities
Heating system
Cooling system
Water source
Amenities
original stained-glass windows
restored hardwood floors
handcrafted woodwork
tile fireplace mantels
corner octagonal turret
completed kitchen
laundry room
cellar storage
Building Details
Year built
Building materials
Listing Agency:
Risner & Associates Realty, Inc.
(270) 926-1400
Listed By:
Joann Risner · License #27164
(270) 570-3939
Added: Jul 31
Changed: Oct 10
Last Checked: Nov 9 at 10:06AM
MLS# 95440
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.
The D.D. Bogard House is a restored brick office property built in 1880 and listed on the National Register of Historic Places. Approximately 3,500+ square feet of interior space includes five rooms upstairs, three rooms on the main level, a kitchen, laundry room, and one modernized full bathroom on each floor. Architectural details include a corner octagonal turret with stained-glass windows, restored hardwood flooring, handcrafted woodwork, five tile fireplace mantels, stone trim, and a wraparound Victorian plan with a polygonal bay.
Situated on a 0.26-acre parcel in Owensboro’s B-2 Zoning Business District, the property occupies a downtown corner at 303 E 4th Street. A detached three-car garage provides additional storage, complemented by an upper-level area with exterior access, private parking, and cellar storage. Public water, natural gas heat, and electric central air serve the property.
Situated on a 0.26-acre parcel in Owensboro’s B-2 Zoning Business District, the property occupies a downtown corner at 303 E 4th Street. A detached three-car garage provides additional storage, complemented by an upper-level area with exterior access, private parking, and cellar storage. Public water, natural gas heat, and electric central air serve the property.
Key Highlights
- Built in 1880; listed on the National Register of Historic Places
- Approximately 3,500+ SF on a 0.26‑acre parcel
- B‑2 Zoning Business District in downtown Owensboro
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,775
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,500
$535.5K
Cap Rate 7%
$382,500
$382.5K
Cap Rate 9%
$297,500
$297.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$42.0K $12.00/SF
− Vacancy
−$6.3K −$1.80/SF
EGI
$35.7K $10.20/SF
− OpEx
−$8.9K −$2.55/SF
NOI
$26.8K $7.65/SF
Area
Daviess County, KY
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,500
Cap Rate 7%
$382,500
Cap Rate 9%
$297,500
Alternative Uses
Best Use
Office B
$382.5K
$334.7K – $446.3K
NOI $26,775 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$626.8K
$548.4K – $731.2K
NOI $43,874 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
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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
Properties on Market for Office buildings in Owensboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Restored Queen Anne Victorian architecture combines detailed craftsmanship with contemporary commercial functionality in a prominent downtown setting.
Where is this office building located?
The property is located at 303 E 4th Street Owensboro, KY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Built in 1880; listed on the National Register of Historic Places; Approximately 3,500+ SF on a 0.26‑acre parcel; B‑2 Zoning Business District in downtown Owensboro
