Owensboro Office Building For
726 Harvard Dr Owensboro, KY 42301
726 Harvard Dr, Owensboro, KY, 42301
Contact for pricing
For Sale
Contact for pricing
Office building for sale featuring a long-term committed tenant.
Property Size2,498 SF
Price / SF$248.60
Days on Market57
Property Features for 726 Harvard Dr
General Information
- Standard status
- Active
- Size
- 2,498 SF
- Property subtype
- OFFICE
Listing Agency
Barron Commercial Group
(270) 313-2444
Listed by
Bo Barron · License ##207674
(270) 313-2444
Source
Moodyscre
Added: May 25 Updated: Jul 10 at 1:42 pm Checked: Jul 19 at 5:24 am
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 commercial property is an office building featuring a long-term tenant, Benchmark Family Services, which provides essential, government-backed services. The property operates on a net lease structure, where the tenant is responsible for all maintenance and repairs. The lease includes predictable rent growth with CPI-adjusted increases at the start of each renewal term. The property contains 2498 square feet.
Key Highlights
- Long‑Term Tenant: Provides stable, reliable income.
- Net Lease Structure: Minimizes landlord responsibilities and expenses.
- Predictable Rent Growth: CPI‑adjusted increases ensure income keeps pace with inflation.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $12.00 |
| − Vacancy | −$4.5k | −$1.80 |
| EGI | $25.5k | $10.20 |
| − OpEx | −$6.4k | −$2.55 |
| NOI | $19.1k | $7.65 |
2,498 SF · lease $12.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.0K
$238.9K – $318.5K
NOI $19,110 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Benchmark Family Services
Foster Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building for sale featuring a long-term committed tenant.
Where is this office building located?
The property is located at 726 Harvard Dr Owensboro, KY.
What is the asking price?
The asking price for this property is $621,000.
What are key features of this property?
This property features: Long‑Term Tenant: Provides stable, reliable income.; Net Lease Structure: Minimizes landlord responsibilities and expenses.; Predictable Rent Growth: CPI‑adjusted increases ensure income keeps pace with inflation.
