Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2951 Heartland Crossing Blvd Owensboro, KY 42303

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2951 Heartland Crossing Blvd Owensboro, KY 42303

    View on Map
    • Commercial real estate
    • 20.99 lot acres
    For Lease
    View Listing →
    Retail Space Inside Meijer For Lease
    Contact for pricing

    Retail Space Inside Meijer

    Prime retail opportunity within high-traffic Meijer stores in the Midwest.

    2951 Heartland Xing Blvd, Owensboro, KY 42303
    View Listing
    Property ID
    US34-0689284
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TNT Fireworks / Discount Store / Party Supply Store
    • Ben's Soft Pretzels / Restaurant
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Coinstar / Bank / Credit Union
    • Meijer Deli / Food Market / Restaurant

    Property Details for 2951 Heartland Crossing Blvd

    Lot size
    20.99 lot acres
    Property type
    Commercial real estate
    APN
    003-55-01-010-00-000
    APU
    3550101000000

    Description

    This exceptional retail opportunity is located inside a high-traffic Meijer store in Owensboro, Kentucky, at 2951 Heartland Xing Blvd, zip code 42303. The space totals 944 square feet and is currently vacant. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. The property boasts prime, front-of-store placement, allowing for maximum customer interaction and branding opportunities, including both interior and exterior signage. Located in a thriving trade area with a desirable customer base, this space is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is situated in Daviess County and offers a unique chance to establish a presence in a well-known retail destination. This is a multiple tenancy property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.0753
    Latitude
    37.7558
    CBSA code
    36980
    CBSA name
    OWENSBORO, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $0.00
    $11,384,600
    -
    $0.00
    $0.00
    $11,384,600

    Comparable in this City

    • Value Estimation by Request
      5.50 Acres

      3910 Ky-54

      Land • 5.50 Acres
      3910 Ky-54, Owensboro, KY 42303
      View Details
    • Value Estimation by Request
      0.01 Acres

      Hwy 60

      COMMERCIAL (GENERAL) • 0.01 Acres
      Hwy 60, Owensboro, KY 42303
      View Details
    • Value Estimation by Request
      2.89 Acres

      2434 Hwy 144

      COMMERCIAL (GENERAL) • 2.89 Acres
      2434 Hwy 144, Owensboro, KY 42303-0156
      View Details
    • Value Estimation by Request
      1.17 Acres

      2974 Patriot Run

      COMMERCIAL (GENERAL) • 1.17 Acres
      2974 Patriot Run, Owensboro, KY 42303
      View Details
    • Value Estimation by Request
      0.63 Acres

      4006 Hwy 144

      COMMERCIAL (GENERAL) • 0.63 Acres
      4006 Hwy 144, Owensboro, KY 42303-0233
      View Details
    • Value Estimation by Request
      0.15 Acres

      716 20th St

      COMMERCIAL (GENERAL) • 0.15 Acres
      716 20th St, Owensboro, KY 42303-4747
      View Details

    Similar Nearby for Sale

    • $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
    • $254,900

      Land Near Highway 54

      Approximately 4-acre tract near Highway 54 in Owensboro, KY.
      4990 Newbolt Rd, Owensboro, KY 42303
      View Details
    • $3,600,000
      25,360 SF

      Owensboro Office Building Investment

      25,000+ SF office building on nearly 3 acres.
      3108 Fairview Dr, Owensboro, KY 42303
      View Details
    • $1,350,000

      Downtown Investment Property with Multiple Streams

      Turnkey bar, office space, and luxury apartment in Owensboro.
      119 East 2Nd St, Owensboro, KY 42303
      View Details
    • $1,150,000
      12,631 SF

      Versatile Warehouse with Modern Upgrades

      12,631 SF warehouse ideal for logistics, storage, or operations.
      1601 Triplett St, Owensboro, KY 42303
      View Details
    • $2,318,000
      3,762 SF

      New Hartford Retail Center Investment

      New retail center with high visibility and income potential.
      3415 New Hartford Rd, Owensboro, KY 42303
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      14,000 SF

      Spacious Industrial Facility For Lease

      14,000 SF warehouse with oversized doors and loading dock.
      2920 B Fairview Dr, Owensboro, KY 42303
      View Details
    • Contact for pricing

      Retail Space in Owensboro, KY

      Retail space near shopping, dining, and local amenities.
      1212 J R Miller Blvd, Owensboro, KY 42303
      View Details
    • Contact for pricing

      Office/Warehouse Available Spring 2023

      Office and warehouse space available Spring 2023 in Owensboro.
      5056 Downwind Dr, Owensboro, KY 42303
      View Details
    • $9 SF/Yr

      Office/Warehouse Space Available for Lease

      Office/warehouse space for lease, available Spring 2023.
      4143 Vincent Station Dr, Owensboro, KY 42303
      View Details
    • $20 SF/Yr

      Highway 54 Build to Suit

      Prime development site for medical, financial, and retail businesses.
      4424 Springhill Dr, Owensboro, KY 42303
      View Details
    • $14 SF/Yr

      Versatile Commercial Space in Owensboro

      Prime commercial space suitable for various businesses in a vibrant location.
      300 Southtown Blvd, Owensboro, KY 42303
      View Details
    View Listing
    Request Owner's contact information
    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.
    2951 Heartland Crossing Blvd
    Owensboro, KY 42303
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!