Newly Renovated Private Office
For Sale
$3,300,000
3238 Kidron Valley Way, Owensboro, KY 42303
Furnished, flexible office space in a convenient location.
Property Size13,500 SF
Days on Market218
Property Features for 3238 Kidron Valley Way
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Retail
Net Operating Income
$217,894
Building Details
Building Size
13,500 SF
Year Built
2013
Listing Agency:
Barron Commercial Group
Listed By:
Bo Barron, CCIM · License #KY #207674
(270) 313-2444
Source:
Barroncommercial
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 7 at 9:31AM
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
Investment Insights
Based on property information with market context.
This newly renovated office space, offered by Barron Commercial Group, is located in the HWY 54 corridor, shadow anchored by Walmart SuperCenter. It provides a workspace designed for professionals seeking a focused environment. The property features individual private offices available on a month-to-month lease basis, eliminating the need for long-term commitments. The offices are furnished with brand new furniture and include access to high-speed internet. A conference room is also available for use.
Key Highlights
- Prime location in the HWY 54 corridor, shadow‑anchored by Walmart SuperCenter.
- Month‑to‑month leases offer maximum flexibility.
- Newly renovated modern and updated workspace.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,275
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,500
$2.1M
Cap Rate 7%
$1,475,357
$1.5M
Cap Rate 9%
$1,147,500
$1.1M
Market Conditions
NOI Build-Up for 13,500 SF
Gross rent
$162.0K $12.00/SF
− Vacancy
−$24.3K −$1.80/SF
EGI
$137.7K $10.20/SF
− OpEx
−$34.4K −$2.55/SF
NOI
$103.3K $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%
$2,065,500
Cap Rate 7%
$1,475,357
Cap Rate 9%
$1,147,500
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,228 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Coworking space - Furnished, flexible office space in a convenient location.
Where is this coworking space located?
The property is located at 3238 Kidron Valley Way Owensboro, KY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime location in the HWY 54 corridor, shadow‑anchored by Walmart SuperCenter.; Month‑to‑month leases offer maximum flexibility.; Newly renovated modern and updated workspace.
