Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Goetz Dr Owensboro, KY 42301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    53 Acres, 176 Platted Lots, Prime Development

    Property Features for 0 Goetz Dr

    General Information

    Property type
    Land
    Lot Size
    2,309,987 SF

    We can help!

    Listing Contact
    John Reynolds
    John Reynolds

    Listing Agent: John Reynolds

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 53.03-acre property in Owensboro, Kentucky, presents a remarkable residential development opportunity. Located in Daviess County, at the address of Goetz Dr, zip code 42301, this land boasts 176 fully platted lots, ready for immediate development. The lots are thoughtfully designed to accommodate a diverse range of housing styles and sizes, catering to a broad market. Situated in a highly desirable area, the property benefits from its proximity to local amenities, including schools, parks, shopping centers, and convenient transportation routes. The location offers scenic views, enhancing the appeal and value of the future homes. Zoning approvals are already in place, streamlining the development process, and utilities are readily accessible, minimizing infrastructure costs and delays. This turnkey development opportunity is priced at $2,600,000 and represents a significant investment potential in a thriving Kentucky community. The property's coordinates are 37.727698870163465 latitude and -87.13008934867158 longitude. This is a rare chance to capitalize on the strong demand for residential properties in this sought-after location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.130089348672
    Latitude
    37.727698870163

    Nearby Similar for Sale

    • $409,900

      Remodeled Commercial Building in Owensboro

      B-4 zoned building suitable for retail, office, medical, or restaurant.
      2219 Frederica St, Owensboro, KY 42301
      View Details
    • New
      $399,999
      1,520 SF

      High-Traffic Commercial Property in Owensboro

      Prime commercial property with high visibility and accessibility in Owensboro, KY.
      3196 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $599,000
      17,564 SF

      Multi-Tenant Office Building in Owensboro

      Two-story office complex with income potential in a prime location.
      1700 Frederica St, Owensboro, KY 42301
      View Details
    • $545,000
      5,057 SF

      Historic Church Building with Amenities

      Century-old church with modern amenities and classic architectural details.
      1400 Breckenridge St, Owensboro, KY 42303
      View Details
    • New
      $3,999,000

      Retail Center with Strong Tenants

      Fully occupied shopping center with diverse tenants in growing area.
      2845 W Parrish Ave, Owensboro, KY 42301
      View Details
    • $3,600,000
      11,830 SF

      Owensboro Retail Center Investment Opportunity

      11,830 SF retail center in a prime location.
      5220 Frederica St, Owensboro, KY 42301
      View Details
    • $900,000
      13,920 SF

      Functional Industrial Property For Sale

      13,920 SF industrial property with office and warehouse space.
      1602 West 7Th St, Owensboro, KY 42301
      View Details
    • $2,170,000

      Turnkey Office Building For Sale

      Free-standing office building with strong income in Owensboro, KY.
      3520 New Hartford Rd, Owensboro, KY 42303
      View Details
    • $725,000

      Corner Lot Office Building

      Highly visible office building on a corner lot with parking.
      2001 Frederica St, Owensboro, KY 42303
      View Details
    • $279,900

      Owensboro Retail with Commercial Kitchen

      Retail property with commercial kitchen and recent updates in Owensboro.
      1601 W 2Nd St, Owensboro, KY 42301
      View Details
    • New
      $1,800,000

      Turn-Key Storage Facility in Owensboro

      Fully operational storage facility with climate-controlled, outdoor, and covered units.
      3149 Commonwealth Ct, Owensboro, KY 42303
      View Details
    • $2,600,000
      40,000 SF

      Owensboro Industrial Building For Sale

      40,000 SF industrial building ideal for manufacturing, warehousing, distribution.
      1620 West 7Th St, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Land - 53 Acres, 176 Platted Lots, Prime Development
    Where is this land located?
    The property is located at Goetz Dr Owensboro, KY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 53.03-acre residential development site in Owensboro, KY (Daviess County).; 176 fully platted lots ready for immediate development.; Zoned and utilities readily accessible, minimizing development costs and delays.
    (270) 485-9592 Call to check price and availability
    Request Owner's contact information
    Goetz Dr Owensboro, KY 42301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Goetz Dr
    Owensboro, KY 42301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Goetz Dr Owensboro, KY 42301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Reynolds
    John Reynolds
    Real Estate License ID: 211873
    (270) 485-9592 (270) 684-2727 (270) 926-3500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!