Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Kelly Ct Bowling Green, KY 42101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Flex space featuring offices, overhead doors, and highway proximity.

    Lot size:
    1.35 Acres

    Property Features for 119 Kelly Ct

    General Information

    Standard status
    Active
    Lot size
    1.35 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Perry Thessen
    Perry Thessen
    Source: Exitrealty

    Listing Agency: Hunt Real Estate Group Listing Agent: Perry Thessen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Flex Space with Offices

    This property offers versatile flex space with approximately 180 feet of road frontage, complemented by a 60-foot by 311-foot access easement on the west side of the lot. The layout includes two 12-foot by 15-foot offices and four 10-foot by 10-foot overhead doors. The ceiling height is approximately 12 feet. The property is located in close proximity, within 6 miles, to exits 28 and 30 along I-65.
    Location Intelligence

    Current Use by Public Records

    Jessie's Garage Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Grocery & Convenience Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.3457025
    Latitude
    37.0248796

    Nearby Similar for Sale

    • $362,500
      2,000 SF

      Downtown Bowling Green Office Space

      2,000 SF professional office space in downtown Bowling Green.
      728 College St, Bowling Green, KY 42101
      View Details
    • $540,000
      2,000 SF

      New Construction Office Condo

      New 2000 sq ft office condo in prime location.
      140 E Professional Park Ct, Bowling Green, KY 42104
      View Details
    • $399,900
      2,176 SF

      Renovated Ranch Home Near WKU

      Spacious, renovated ranch with large lot near WKU and school.
      371 Cedar Ridge Rd, Bowling Green, KY 42101
      View Details
    • $424,900
      784 SF

      Updated Property on High-Traffic Bypass

      Updated property near WKU, ideal for business or residential use.
      1338 Us 31W Byp W, Bowling Green, KY 42101
      View Details
    • $1,695,000
      9,500 SF

      Modern Office Building on Scottsville Road

      Multi-tenant office building in Bowling Green, fully occupied and well-located.
      6115 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • New
      $1,990,000
      14,500 SF

      Office/Warehouse on 1.91 Acres

      14,500 SF office/warehouse near I-65 and Transpark.
      550 Kelly Rd, Bowling Green, KY 42101
      View Details
    • $318,000
      2,534 SF

      Charming Residential Farm with Space

      Spacious 4-bedroom home with large backyard and detached outbuilding.
      809 Ridgecrest Way, Bowling Green, KY 42101
      View Details
    • $369,000
      1,953 SF

      Like-New Home in South Warren

      Three-bedroom home with bonus room and outdoor entertaining space.
      3275 Black Walnut Ct, Bowling Green, KY 42101
      View Details
    • $3,500,000
      20,000 SF

      Remodeled Warehouse and Office Space

      20,000 sq ft warehouse/office near WKU on 1.9 acres.
      1349 Adams St, Bowling Green, KY 42101
      View Details
    • $499,000
      0.34 Acres

      Bowling Green Multi-Family Investment

      Fully occupied 4-plex in Bowling Green, Kentucky.
      2532 Jersey Ct, Bowling Green, KY 42101
      View Details
    • $325,000
      1,602 SF

      Updated Charming Residential Farm

      Renovated farm with modern finishes, spacious backyard, and privacy fence.
      1025 Trillium Ln, Bowling Green, KY 42104
      View Details
    • $3,490,000
      5,000 SF

      Multifamily Development Opportunity in Kentucky

      5.32-acre multifamily development with 12 completed units and clubhouse.
      5421 Scottsville Rd, Bowling Green, KY 42104
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space featuring offices, overhead doors, and highway proximity.
    Where is this flex space located?
    The property is located at 119 Kelly Ct Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Convenient access to I-65 (within 6 miles of exits 28 and 30).; - Substantial road frontage (approx. 180').; - Includes (4) 10x10 overhead doors.
    (270) 796-7550
    Request Owner's contact information
    119 Kelly Ct Bowling Green, KY 42101
    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.
    119 Kelly Ct
    Bowling Green, KY 42101
    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
    119 Kelly Ct Bowling Green, KY 42101
    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

    We can help!
    Listing Contact
    Perry Thessen
    Perry Thessen
    Real Estate License ID: 217320
    (270) 796-7550 (270) 745-9900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!