Multi-Tenant Flex Space
For Sale
Contact for pricing
1001 Adams Street, Bowling Green, KY 80206
Light Industrial property combines warehouse, production, office, showroom, loading, and secured yard areas in a multi-building configuration.
Property Size41,500 SF
Lot Size3.29 Acres
Price / SF$143.37
Days on Market46
Property Features for 1001 Adams Street
General Information
Standard status
Active
Size
41,500 SF
Lot size
3.29 Acres
Property subtype
Industrial, Mixed Use
Zoning
Light Industrial
Occupancy
81%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$366,456
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$5,950,000
Building Details
Year Built
1966
Year Renovated
2025
Buildings
4
Tenancy
Multi
Listing Agency:
The Black Oak Company
Listed By:
Caleb Hastings · License #296843
(270) 792-5015
Source:
Crexi
Added: Aug 25
Changed: Oct 6
Last Checked: Oct 7 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Black Oak Company
Investment Insights
Based on property information with market context.
This 41,500-square-foot flex space campus contains four independently configured buildings on approximately 3.29 acres. Improvements include an 18,000-square-foot distribution warehouse and office leased to Keurig Dr Pepper, a 5,000-square-foot production and roasting facility leased to Spencer’s Coffee, and an 11,000-square-foot renovated office, showroom, and warehouse occupied by ORI. A 7,500-square-foot clear-span warehouse is currently vacant. The property was built in 1966 and is zoned Light Industrial.
Located near downtown Bowling Green, Kentucky, the campus includes dock-high loading, grade-level access, truck circulation, staging areas, and fenced yard space. Approximately 81.9% of the property is occupied, with existing leases extending through 2034–2036 and approximately 8.1 years of weighted average remaining lease term. The multi-building layout supports separate operational configurations across warehouse, production, office, and showroom uses.
Located near downtown Bowling Green, Kentucky, the campus includes dock-high loading, grade-level access, truck circulation, staging areas, and fenced yard space. Approximately 81.9% of the property is occupied, with existing leases extending through 2034–2036 and approximately 8.1 years of weighted average remaining lease term. The multi-building layout supports separate operational configurations across warehouse, production, office, and showroom uses.
Key Highlights
- 41,500‑square‑foot flex space campus on approximately 3.29 acres
- Four independently configured buildings with warehouse, production, office, showroom, and yard components
- 18,000‑square‑foot distribution warehouse and office leased to Keurig Dr Pepper
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$481,815
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,636,300
$9.6M
Cap Rate 7%
$6,883,071
$6.9M
Cap Rate 9%
$5,353,500
$5.4M
Market Conditions
NOI Build-Up for 41,500 SF
Gross rent
$747.0K $18.00/SF
− Vacancy
−$104.6K −$2.52/SF
EGI
$642.4K $15.48/SF
− OpEx
−$160.6K −$3.87/SF
NOI
$481.8K $11.61/SF
Area
Warren County, KY
Vacancy
14.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,636,300
Cap Rate 7%
$6,883,071
Cap Rate 9%
$5,353,500
Alternative Uses
Best Use
Office B
$6.88M
$6.02M – $8.03M
NOI $481,815 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$3.89M
$3.40M – $4.53M
NOI $272,013 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$9.17M
$8.02M – $10.69M
NOI $641,583 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Vette City Catering — 300 E 8th Ave, Bowling Green, KY 42101
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial property combines warehouse, production, office, showroom, loading, and secured yard areas in a multi-building configuration.
Where is this flex space located?
The property is located at 1001 Adams Street Bowling Green, KY.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 41,500‑square‑foot flex space campus on approximately 3.29 acres; Four independently configured buildings with warehouse, production, office, showroom, and yard components; 18,000‑square‑foot distribution warehouse and office leased to Keurig Dr Pepper
