Owensboro, KY High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Owensboro, Kentucky Market population: 60K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Owensboro KY Properties: 1.2200%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Owensboro KY
Common questions from investors exploring commercial real estate in Owensboro KY.
What is the overall investment potential of Owensboro, KY, considering its demographics and economy?
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Owensboro, KY's investment potential is promising, with a median household income of $44,069, a poverty rate of 18.1%, and a high health insurance coverage rate of 95.1%, indicating a relatively stable workforce, and its top industries, including Health Care & Social Assistance, Retail Trade, and Manufacturing, provide a diverse economic base.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential renters?
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The average commute time of 17.4 minutes in Owensboro, KY, combined with the top commute methods of driving alone, carpooling, and working from home, suggests a convenient and flexible transportation infrastructure, which, along with the high health insurance coverage rate of 95.1%, contributes to a good quality of life for residents and potential renters.
What role does ethnic diversity play in shaping the local market demand and investment opportunities in Owensboro, KY?
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The city's ethnic diversity, with a dominant White population (87.8%) and smaller but significant Black or African American (7.3%) and Asian (1.4%) populations, contributes to a diverse market demand, and when combined with the foreign-born rate of 3.9% and the top industries, including Health Care & Social Assistance and Retail Trade, it indicates a range of investment opportunities in different sectors.
How do the poverty rate and income inequality in Owensboro, KY affect the local real estate market and potential for rental yields?
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The poverty rate of 18.1% and the GINI coefficient of 0.443 in Owensboro, KY, suggest a degree of income inequality, which, when considered alongside the median property value of $123,400 and the median gross rent of $714, indicates a potentially challenging rental market, but the high health insurance coverage rate of 95.1% and the strong employment population of 26,609 provide some stability.
What are the implications of the city's homeownership rate and housing market for real estate investors and developers?
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The homeownership rate of 62.2% in Owensboro, KY, combined with the median property value of $123,400 and the median property taxes of $1,044, suggests a relatively stable housing market, and when considered alongside the top industries, including Health Care & Social Assistance and Manufacturing, it indicates opportunities for real estate investors and developers to cater to the needs of homeowners and renters alike, particularly in a city with a high health insurance coverage rate of 95.1% and a diverse population.
Owensboro KY Real Estate & City Facts
Key facts and real estate information about Owensboro KY.
What are some of the best neighborhoods to live in Owensboro?
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Some of the best neighborhoods to live in Owensboro, KY, include Griffith Area, Lake Forest, Woodland Park, East Owensboro, Dogwood Azalea, and Hayden Rd. These neighborhoods offer a range of housing options, from affordable to upscale, and are known for their safety, amenities, and community vibe.
What are some fun things to do in Owensboro?
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There are plenty of fun things to do in Owensboro, KY, including visiting the Green River Distilling Co., Bluegrass Music Hall of Fame & Museum, Smothers Park, Preservation Station Market And Event Center, and taking a stroll in Downtown Owensboro. You can also enjoy outdoor activities like hiking, biking, or kayaking, or attend one of the many festivals and events that take place throughout the year.
What is the food scene like in Owensboro?
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The food scene in Owensboro, KY, is diverse and delicious, with a range of restaurants serving everything from barbecue to fine dining. Some popular spots include Fetta Specialty Pizza & Spirits, Colby's Fine Food And Spirits, Moonlite Bar-B-Q Inn, Callas Tavern & Restaurant, and Big Whiskey’s. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Owensboro?
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The pros of living in Owensboro, KY, include its small-town charm, affordable housing, and strong sense of community. However, some cons include limited job opportunities, a relatively low median income, and a lack of diversity. Overall, Owensboro is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Owensboro a good place to live?
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Owensboro, KY, is a great place to live for those who value a small-town atmosphere, affordable housing, and a strong sense of community. While it may not offer the same level of job opportunities or diversity as larger cities, it has a lot to offer in terms of quality of life, outdoor recreation, and cultural attractions. Ultimately, whether or not Owensboro is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Owensboro KY Commercial Property: $63,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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