Mixed-Use Office and Warehouse
New
For Sale
$399,900
814 E 4th St, Owensboro, KY 42303
Brick office space combines a customer showroom and private offices with a climate-controlled warehouse and fenced outdoor storage.
Property Size3,500 SF
Lot Size0.51 Acres
Price / SF$114.26
Days on Market7
Property Features for 814 E 4th St
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
12
Lot size
0.51 Acres
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
2,100 SF
Conditioned Warehouse
Yes
Additional Details
Office Units
1
Currently Operating
Yes
Property Use
Office/Warehouse
Amenities
showroom
reception area
private offices
bathrooms
kitchen
Building Details
Year Built
1975
Buildings
2
Construction
brick
Tenancy
Single
Listing Agency:
RE/MAX Preferred & Auction
Listed By:
Michael E Miller 2707921093 · License #198567
(270) 757-8436
Source:
Homesmiddletn
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 30 at 2:52PM
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 RE/MAX Preferred & Auction
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a brick office building with a 60' x 35' warehouse on approximately .51 acres. The office includes a showroom and reception area, two private offices, two bathrooms, and a full kitchen. The warehouse is heated and cooled and has an overhead door; fenced storage is located behind the building.
The property is at 814 E 4th St in Owensboro's Business District. Parking includes approximately 12 spaces, with additional parking available on the grass. The building dates to 1975 and has a reported property size of 3,500.
The property is at 814 E 4th St in Owensboro's Business District. Parking includes approximately 12 spaces, with additional parking available on the grass. The building dates to 1975 and has a reported property size of 3,500.
Key Highlights
- Office and warehouse property on approximately .51 acres
- 60' x 35' heated and cooled warehouse with overhead door
- Brick office building with showroom, reception area, and 2 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,775
Cap Rate
6.70%
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 6.70%
Second Best
Mixed Use
$373.3K
$326.7K – $435.5K
NOI $26,132 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$626.8K
$548.4K – $731.2K
NOI $43,874 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,511
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick office space combines a customer showroom and private offices with a climate-controlled warehouse and fenced outdoor storage.
Where is this mixed-use property located?
The property is located at 814 E 4th St Owensboro, KY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Office and warehouse property on approximately .51 acres; 60' x 35' heated and cooled warehouse with overhead door; Brick office building with showroom, reception area, and 2 private offices
