3030 Burlew Boulevard, Owensboro, KY 42303

Building Details

Year built 1995 More

Building materials Vinyl Siding More

Listing Agency: Greater Owensboro Realty Co. c***@aol.com Show Phone

Listed By: Jim Estes · License #39525 Show Phone

Added: Jun 29 Changed: Oct 8 Last Checked: Nov 9 at 9:06AM

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MLS# 94024

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 single-level office property provides approximately 4,800 square feet within a professional commercial setting. The building dates to 1995, features vinyl siding, and is heated by natural gas. Customer parking and a drive-through window are included in the existing improvements.

The property occupies 1.536 acres at 3030 Burlew Boulevard in Owensboro, Kentucky 42303. Its one-story configuration and established site improvements support a straightforward office use with convenient on-site access for visitors.

Key Highlights

• Approximately 4,800 square feet of office space
• 1.536‑acre property at 3030 Burlew Boulevard, Owensboro, KY 42303
• Single‑level building configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,720

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,400 $734.4K

Cap Rate 7%

$524,571 $524.6K

Cap Rate 9%

$408,000 $408.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$57.6K $12.00/SF

− Vacancy

−$8.6K −$1.80/SF

EGI

$49.0K $10.20/SF

− OpEx

−$12.2K −$2.55/SF

NOI

$36.7K $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%

$734,400

Cap Rate 7%

$524,571

Cap Rate 9%

$408,000

Alternative Uses

Best Use

Office B

$524.6K

$459.0K – $612.0K (±1% cap)

NOI $36,720 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$859.6K

$752.1K – $1.00M (±1% cap)

NOI $60,170 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Stat Group LLC Employment Agency Nation's Medicines Pharmacy PRN Compounders Pharmacy

Suggested Use

Top Pick Law Firm Nail Salon Hair Salon HVAC Service Bakery Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

459

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

Market

Properties on Market for Office buildings in Owensboro

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Professional commercial space includes customer parking and a drive-through window.

Where is this office building located?

The property is located at 3030 Burlew Boulevard Owensboro, KY.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Approximately 4,800 square feet of office space; 1.536‑acre property at 3030 Burlew Boulevard, Owensboro, KY 42303; Single‑level building configuration