Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Meijer-Anchored Center Title is generated by Realmo AI

    1615 Westpark Drive Bowling, Bowling Green, KY 42104

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in a high-traffic commercial corridor.

    Type:Street Retail
    Added:
    May 18, 2026
    Days on Market:
    6
    Last Refresh:
    May 18 at 8:15 pm

    Property Features for 1615 Westpark Drive Bowling

    General Information

    Standard status
    Active
    Property subtype
    Street Retail

    Building Details

    Year Built
    2026

    Spaces For Lease

    at 1615 Westpark Drive Bowling Contact us

    We can help!

    Listing Contact
    Andy Martin
    Andy Martin

    Listing agent Andy Martin License ##RB14043658

    Listing office SVN | The Martin Group - Indianapolis

    Listing date May 18, 2026

    Source Thebrokerlist

    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 SVN | The Martin Group - Indianapolis

    HighLights

    • Meijer‑anchored location provides a strong daily traffic draw.
    • Positioned in Bowling Green's primary retail corridor.
    • Surrounded by major national retailers and popular restaurants.
    • Flexible leasing options: end‑cap and interior spaces available.
    • Well‑suited for retail, quick‑service restaurant (QSR), or service‑oriented businesses.
    • New construction: Year Built 2026.

    Overview

    This lease opportunity is located on Westpark Drive in Bowling Green, KY, within a Meijer-anchored retail setting. The available space includes both end-cap and interior options, making it suitable for retail, quick-service restaurant, or service-based businesses. The site benefits from its location in Bowling Green’s primary retail corridor, surrounded by major national retailers such as Meijer, Best Buy, Five Below, Petco, Walmart Supercenter, Target, Lowe’s, Home Depot, Kroger, Sam’s Club, and Cabela’s. The area also features a variety of dining options, including Chick-fil-A, Panera, Taco Bell, and Cracker Barrel, contributing to strong consumer traffic and convenience. The location is best suited for retail, QSR, or service-oriented users.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.435409
    Latitude
    36.955923

    Nearby Similar for Lease

    • Sponsored
      $129-$3,376/Mo
      11-1,292 SF

      KY, Bowling Green - 922 State Street

      922 State St, Bowling Green, KY 42101
      View Details
    • $119-$1,987/Mo
      11-1,292 SF

      KY, Bowling Green - State St

      922 State St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Retail Space Near Downtown Parks

      Retail space for lease near Fountain Square and Circus Square Parks.
      736 College Street, Bowling Green, KY 42101
      View Details
    • $27 SF/Yr
      1,500 SF

      Office Space on Scottsville Road

      Efficient office space with frontage on Scottsville Road.
      1403 Scottsville Rd, Bowling Green, KY
      View Details
    • $17 SF/Yr
      3,000 SF

      Medical/Dental Office Space Available

      Endcap shell space near retail, restaurant, and office spaces.
      727 Us 31w Byp, Bowling Green, KY
      View Details
    • $15 SF/Yr
      8,100 SF

      Bowling Green Office Space Available

      Office space for rent in Bowling Green, Kentucky.
      446 E Main Ave, Bowling Green, KY
      View Details
    • $9 SF/Yr
      27,500 SF

      Constructed Office Space For Lease

      Up to 27,500 SF of fully constructed office space.
      5557 Nashville Rd, Bowling Green, KY
      View Details
    • $12 SF/Yr
      2,800 SF

      Office Space with Separate Entrance

      Office space available for rent with dedicated entrance and parking.
      813 College St, Bowling Green, KY
      View Details
    • Contact for pricing
      260,800 SF

      Industrial Space Available for Lease

      Industrial space for lease with ample square footage and parking.
      4811-4813 Nashville Rd, Bowling Green, KY
      View Details
    • $1,769,000 SF/Yr

      7 Brew Ground Lease Investment

      NNN ground lease with zero landlord responsibility in Bowling Green.
      2980 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • $30 SF/Yr
      4,368 SF

      Prime Retail Space on US 31W

      Retail space with drive-thrus near Medical Center and I-65.
      651 US 31W Byp, Bowling Green, KY
      View Details
    • $14 SF/Yr
      1,450 SF

      Bowling Green Office Space Available

      Office space for rent, near Bowling Green Senior High.
      1724 Rockingham Ave, Bowling Green, KY
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in a high-traffic commercial corridor.
    Where is this retail space located?
    The property is located at 1615 Westpark Drive Bowling Bowling Green, KY.
    What are key features of this property?
    This property features: Meijer‑anchored location provides a strong daily traffic draw.; Positioned in Bowling Green's primary retail corridor.; Surrounded by major national retailers and popular restaurants.
    (317) 849-8001
    We can help!
    Listing Contact
    Andy Martin
    Andy Martin
    Real Estate License ID: #RB14043658
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1615 Westpark Drive Bowling, Green, KY 42104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!