Government Office
3108 Fairview Dr, Owensboro, KY 42303
For Sale
$3,250,000
COMMERCIAL SALES, Owensboro, KY
Property Size25,000 SF
Lot Size2.70 Acres
Price / SF$130
Days on Market359
Property Features for 3108 Fairview Dr
General Information
Property type
Property subtype
Subdivision
Standard status
Lot size
Additional Details
Property Use
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Listing Agency:
BHG Realty
(270) 240-1501
Listed By:
John Ross Martin · License KY #300719
(270) 608-2412
Added: Nov 18, 2025
Changed: Nov 2
Last Checked: Nov 11 at 6:06PM
MLS# 93643
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 office property comprises a government office complex constructed in 1991 with a steel-frame structure. Building systems include natural gas heating and electric central air conditioning. The property also includes a fire suppression system, high-end finishes, and a new roof scheduled for 2025.
The site contains 2.7 acres at 3108 Fairview Dr in Owensboro, Kentucky, within Daviess County. The property is positioned along a high-traffic corridor and is offered with a stated 7% cap rate. The existing office configuration and substantial land area provide a straightforward commercial asset for continued office use.
The site contains 2.7 acres at 3108 Fairview Dr in Owensboro, Kentucky, within Daviess County. The property is positioned along a high-traffic corridor and is offered with a stated 7% cap rate. The existing office configuration and substantial land area provide a straightforward commercial asset for continued office use.
Key Highlights
- Government office complex at 3108 Fairview Dr, Owensboro, KY 42303
- 2.7‑acre site in Daviess County
- Stated 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,250
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,825,000
$3.8M
Cap Rate 7%
$2,732,143
$2.7M
Cap Rate 9%
$2,125,000
$2.1M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$300.0K $12.00/SF
− Vacancy
−$45.0K −$1.80/SF
EGI
$255.0K $10.20/SF
− OpEx
−$63.8K −$2.55/SF
NOI
$191.3K $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%
$3,825,000
Cap Rate 7%
$2,732,143
Cap Rate 9%
$2,125,000
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,250 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.48M
$3.92M – $5.22M
NOI $313,385 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
559
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Steel-frame office property on a 2.7-acre site with central air conditioning and natural gas heat.
Where is this office building located?
The property is located at 3108 Fairview Dr Owensboro, KY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Government office complex at 3108 Fairview Dr, Owensboro, KY 42303; 2.7‑acre site in Daviess County; Stated 7% cap rate
