Building Details

Year Built 1993

Listing Agency: Benchmark Realty LLC

Listed By: Amber Johns · License #272769 Show Phone

Source: Benchmarkrealtytn

Added: Oct 2 Changed: Oct 18 Last Checked: Oct 16 at 9:14AM

Report an Issue

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 Benchmark Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1993, this Bowling Green property combines a retail area set up with shelving, refrigeration, and a walk-in cooler with an adjoining restaurant space. Restaurant equipment is included; the operating restaurant business is not part of the sale.

The property is located at 1043 Pedigo Way in Bowling Green, Kentucky.

Key Highlights

• Retail area includes shelving and refrigeration
• Walk‑in cooler serves the retail space
• Adjoining restaurant space includes equipment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,527

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$470,540 $470.5K

Cap Rate 7%

$336,100 $336.1K

Cap Rate 9%

$261,411 $261.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,998 SF

Gross rent

$32.8K $16.44/SF

− Vacancy

−$1.5K −$0.74/SF

EGI

$31.4K $15.70/SF

− OpEx

−$7.8K −$3.93/SF

NOI

$23.5K $11.78/SF

Area

Warren County, KY

Vacancy

4.50%

Lease Rate

$16.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$470,540

Cap Rate 7%

$336,100

Cap Rate 9%

$261,411

Alternative Uses

Best Use

Specialty Retail

$336.1K

$294.1K – $392.1K (±1% cap)

NOI $23,527 @ 7.0% cap · market cap 5.23%

Second Best

Retail

$313.7K

$274.5K – $366.0K (±1% cap)

NOI $21,958 @ 7.0% cap · market cap 4.88%

Theoretical Best

Office A

$441.3K

$386.1K – $514.8K (±1% cap)

NOI $30,889 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Shelter Insurance - Sarah ... Insurance Agency Quality Insurance Agency Insurance Agency Wild Roots Salon Hair Salon Denney Building Services ... Construction Company Marty Hinton Construction Construction Company

Suggested Use

Top Pick Law Firm Plumbing Service Catering Service (Bike/Boat/Book/etc) Store Florist Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

992

Businesses Nearby

256k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 36% Electronics 12% Home Improvements & Furnishings 1%

Five Below Shops & Services

40,424 visits/mo 0.5 miles

Best Buy Electronics

31,724 visits/mo 0.4 miles

Starbucks Dining

25,052 visits/mo 0.4 miles

Wendy's Dining

21,165 visits/mo 0.3 miles

Panda Express Dining

16,020 visits/mo 0.3 miles

Demographics for 42103, KY

22,106

Population

10,339

Households

2.1

Avg Household Size

39

Median Age

49%

College-Educated

95%

High-School Grad

70.4 sq mi

ZIP Area

314

Density / Sq Mi

$84,624

Median Household Income

$45,598

Median Earnings

$1,104

Median Rent

$303,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Restaurant Building Near Campus

104 Old Morgantown Rd, Bowling Green, KY 42101

$1,100,000

0.54 Acres

View details

Residential Farm, Traditional - Bowling Green, KY

858 Star Ave, Bowling Green, KY 42104

$389,900

0.16 Acres

View details

Two-Home Multifamily Property

111 W 10th Avenue, Bowling Green, KY 42101

$255,000

0.16 Acres

View details

Fully Occupied Quadplex

1417 North Sunrise Drive, Bowling Green, KY 42101

$300,000

2,312 SF

View details

Single-Story Patio Home Duplex

512 Unit 712 Old Lovers Lane, Bowling Green, KY 42103

$299,500

1,510 SF

View details

Equestrian Property with Training Barn

905 Greathouse Road, Bowling Green, KY 42103

$2,099,500

View details

Updated Two-Unit Duplex

510 Glen Lily Road, Bowling Green, KY 42101

$175,000

0.24 Acres

View details

Renovated Victorian Duplex

1327 State Street, Bowling Green, KY 42101

$699,900

4,144 SF

View details

Multi-Suite Office Building

414 Old Morgantown Road, Bowling Green, KY 42101

$700,000

5,310 SF

View details

Corner Retail Space

1432 Campbell Ln, Bowling Green, KY 42104

Contact for pricing

1,545 SF

View details

Industrial Building with Fenced Lot

2740 Griffin Dr, Bowling Green, KY 42101

$1,500,000

5,000 SF

View details

Multifamily Development Opportunity in Kentucky

5421 Scottsville Road, Bowling Green, KY 42104

$1,800,000

5,000 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Retail area has shelving, refrigeration, and a walk-in cooler, with restaurant equipment in the adjoining unit.

Where is this mixed-use property located?

The property is located at 1043 Pedigo Way Bowling Green, KY.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Retail area includes shelving and refrigeration; Walk‑in cooler serves the retail space; Adjoining restaurant space includes equipment