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    601 Cr-1510-10 Owensboro, KY 42303

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    High-traffic commercial land near major retailers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.5-acre commercial outlot presents a prime development opportunity in Owensboro, Kentucky. Strategically located at 601 Cr-1510-10, this property boasts high visibility and accessibility, situated near established businesses including Rural King, Kroger, and T&T Vendors Mall. The site benefits from a strong demographic profile, with a population of nearly 100,000 people within a 10-mile radius and average household incomes exceeding $70,000. A significant daytime population of over 44,000 within a 5-mile radius ensures consistent traffic flow and potential customer base. The property's proximity to Owensboro Health Regional Hospital, the city's largest employer with 4,200 employees and 477 beds, further enhances its desirability. This location offers excellent potential for a variety of commercial ventures, capitalizing on the robust local economy and high consumer traffic. The property is zoned for commercial use (verification required) and is ready for immediate development. This is an exceptional opportunity to establish a thriving business in a thriving community. The address is 601 Cr-1510-10, Owensboro, KY 42303, located in Daviess County.

    Property Features for 601 Cr-1510-10

    General Information

    Property type
    Individual retail properties
    Lot Size
    65,340 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.08081212306
    Latitude
    37.776522335648

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic commercial land near major retailers.
    Where is this individual retail property located?
    The property is located at 601 Cr-1510-10 Owensboro, KY.
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    601 Cr-1510-10 Owensboro, KY 42303
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    Owensboro, KY 42303
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    Realmo Value Estimation

    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.

    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.

    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
    601 Cr-1510-10 Owensboro, KY 42303
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