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    Property profile & analytics

    2950 Pleasant Valley Rd Owensboro, KY 42303

    • Commercial real estate
    • 48.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0767380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2950 Pleasant Valley Rd

    Lot size
    48.98 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 48.98-acre commercial land parcel presents a remarkable development opportunity in Owensboro, Kentucky. Located at 2950, 3054, and 3120 Pleasant Valley Road in Daviess County, this expansive property is zoned R1A & A-U, offering versatility for a wide range of commercial projects. Its strategic location provides convenient access to key amenities, including restaurants, shopping centers, and the Highway 54 corridor, ensuring high visibility and accessibility for any future development. The asking price for this significant land holding is $1,375,000. The property's size and zoning make it ideal for various commercial ventures, from retail and hospitality to light industrial and residential developments, subject to local planning and zoning approvals. This is a rare opportunity to acquire a substantial tract of land in a thriving Kentucky community, poised for significant growth and development. The property's proximity to major transportation routes ensures excellent connectivity, making it an attractive investment for businesses seeking a strategic location. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The zip code is 42303.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.0385857
    Latitude
    37.7633485

    Comparable in this City

    • $1,531,500
      10.21 Acres

      Owensboro Retail Development Land

      10 Acres, High-Traffic Retail Location
      201 Southtown Blvd, Owensboro, KY 42303
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    • $3,859,000
      9.22 Acres

      Owensboro Commercial Land Investment

      9.22 Acres, High-Traffic Location
      3357 Ky-54, Owensboro, KY 42303
      View Details
    • Contact for pricing
      0.70 Acres

      Owensboro Commercial Land Pads

      Prime retail pads, high visibility, flexible options.
      3100 Highland Pt Dr, Owensboro, KY 42303
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    • $122,360

      Land in Pleasant Valley Reserve

      Building lots in a rapidly developing area, ideal for homes.
      3779 Thruston Dermont Rd, Owensboro, KY 42303
      View Details
    • $159,390

      Residential Land in Growing Community

      Land for building a dream home in a convenient location.
      3779 Thruston Dermont Rd, Owensboro, KY 42303
      View Details
    • $169,050

      Land in Pleasant Valley Reserve

      Land for sale in a promising new residential development.
      3779 Thruston Dermont Rd, Owensboro, KY 42303
      View Details

    Similar Nearby for Sale

    • $200,000
      0.50 Acres

      Highway 54 Commercial Land Opportunity

      High-profile Owensboro commercial lot, 0.5 acres.
      3641 Ralph Ave, Owensboro, KY 42303
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    • $5,552,000
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      Owensboro Commercial Land Development

      Prime 16.98-acre commercial lot, ready to build.
      3050 Fairview Dr, Owensboro, KY 42303
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    • $799,900
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      Owensboro Commercial Land - 11 Acres

      Prime KY Commercial Land, I-1 Zoning
      0 Daniels Ln, Owensboro, KY 42303
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    • $1,700,000
      5.50 Acres

      3910 Ky-54

      Land • 5.50 Acres
      3910 Ky-54, Owensboro, KY 42303
      View Details
    • $650,000

      Owensboro Land For Sale

      Land with road frontage and strong visibility in Owensboro, KY.
      4301 J R Miller Blvd, Owensboro, KY 42303
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    • $1,200,000

      Commercial Land Near Rural King

      22.5 acres of commercial land, will divide.
      901 Commerce Dr, Owensboro, KY 42303
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    Similar Nearby for Lease

    • $950,000
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      Prime Land in Gateway Commons

      Land for lease in thriving retail and restaurant hub.
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      Commercial Land Near Retail Hub

      Commercial land for rent near Rural King and Kroger.
      801 Commerce Dr, Owensboro, KY 42303
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    • $75,000
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      Owensboro Restaurant Outparcel Opportunity

      High-traffic KY land, ideal restaurant site.
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    • $12 SF/Yr
      9,680 SF

      Owensboro Warehouse: Prime Location

      New Warehouse, 9,680 SF, Excellent Access
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    • Contact for pricing
      9,500 SF

      Owensboro Retail Space Available

      Prime Retail Strip Center, High Visibility
      1212 J R Miller Blvd, Owensboro, KY 42303
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    • $12 SF/Yr
      9,680 SF

      Owensboro Warehouse: Prime Location

      New 9,680 SF Warehouse, Excellent Access
      125 Salem Dr, Owensboro, KY 42303
      View Details
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    2950 Pleasant Valley Rd
    Owensboro, KY 42303
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    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
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