Owensboro, KY
Commercial Real Estate Market Trends & Data

$167 Avg asking sale price
$31,524 Avg asking lease rate
49,174 SF Avg unit lease size
27,785 SF Avg building size for sale
7.74% Average cap rate

Owensboro's Demographic Profile

Owensboro has 25,134 households and a median income of $50,851, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 60,038
# Households 25,134
Median age 39
Median household income $50,851
Avg household size 2.0
Renter-occupied housing units 11,088
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Owensboro, KY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Owensboro $136 13,920 SF 11.02%
Evansville $176 21,152 SF 11.26%
Darmstadt $370 3,634 SF 5.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Newburgh $192 6,730 SF
Boonville $34 5,175 SF
Hawesville $330 16,367 SF
Evansville $185 14,647 SF
Central City $170 1,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Henderson $92 137,365 SF 6.33%
Bowling Green $198 15,853 SF 4.29%

Commercial Properties For Sale in Owensboro

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Likens Building

Owensboro, KY 42301

  • 17,564 SF Office Building
  • $549,000
For Sale

1729 Frederica St

Owensboro, KY 42301

  • 0.32 AC Lot
  • 1 Commercial Lot
  • $485,000
For Sale

3520 New Hartford Rd

Owensboro, KY 42303

  • 25,600 SF Office Building
  • 11.02% Cap Rate
  • $1,975,000
For Sale

3151 Highland Pointe Dr

Owensboro, KY 42303

  • 48,762 SF Flex Building
  • $8,500,000
For Sale

Small STNL Office Building

Owensboro, KY 42301

  • 2,498 SF Office Building
  • 7.51% Cap Rate
  • $621,000
For Sale

1201 Hall St — Commercial Building For Sale

Owensboro, KY 42303

  • 9,244 SF Specialty
  • $550,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Owensboro pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Owensboro $167 27,785 SF
Calhoun $52 4,533 SF
Philpot $613 9,030 SF
Newburgh $192 6,730 SF

Regional Demographic Comparison

This comparison places Owensboro alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Owensboro or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Newburgh 3,611 1,558 43 $88,832 2 422 4%
Whitesville 646 246 39 $67,788 3 51 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Owensboro, KY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Owensboro

View All Commercial Real Estate For Sale in Owensboro
Is Owensboro a good market for a first-time commercial real estate investor?

Owensboro offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Owensboro?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Owensboro. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Owensboro?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Owensboro. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Owensboro compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Owensboro. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Owensboro acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Owensboro, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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