Retail Storefront
For Sale
$899,900
1436 US 31 W Bypass, Bowling Green, KY 42101
Approximate 3,000+ SF retail building available for sale or lease.
Property Size3,000 SF
Price / SF$299.97
Days on Market554
Property Features for 1436 US 31 W Bypass
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Amenities
Central Air
Concrete
3
Metal
Paved Driveway.
Asphalt.
Building Details
Year Built
2022
Listing Agency:
Keller Williams First Choice R
(270) 782-1811
Listed By:
Arun Muaremi · License #206061
Source:
Xome
Added: Feb 15, 2025
Changed: Aug 12
Last Checked: Aug 23 at 4:05AM
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 Keller Williams First Choice R
Investment Insights
Based on property information with market context.
This retail storefront building offers approximately 3,000+/- square feet and is available for sale or lease. The property is presented as a commercial building with flexible end use potential based on its retail-oriented configuration.
The asset is located at 1436 US 31 W Bypass in Bowling Green, Kentucky 42101. Additional details regarding the specific layout, current condition, or configuration are not provided in the available remarks.
For more information, contact the listing agents directly.
The asset is located at 1436 US 31 W Bypass in Bowling Green, Kentucky 42101. Additional details regarding the specific layout, current condition, or configuration are not provided in the available remarks.
For more information, contact the listing agents directly.
Key Highlights
- Approx. 3,000+ SF retail building available for sale or lease
- Built in 2022
- Central air cooling and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,970
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,400
$659.4K
Cap Rate 7%
$471,000
$471.0K
Cap Rate 9%
$366,333
$366.3K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.3K $16.44/SF
− Vacancy
−$2.2K −$0.74/SF
EGI
$47.1K $15.70/SF
− OpEx
−$14.1K −$4.71/SF
NOI
$33.0K $10.99/SF
Area
Warren County, KY
Vacancy
4.50%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,400
Cap Rate 7%
$471,000
Cap Rate 9%
$366,333
Alternative Uses
Best Use
Retail
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Speedway
Shops & Services
15,384 visits/mo
0.4 miles
Taco Bell
Dining
12,103 visits/mo
0.3 miles
Dollar General
Shops & Services
9,032 visits/mo
0.3 miles
KFC
Dining
7,911 visits/mo
0.2 miles
Chase Bank
Shops & Services
6,463 visits/mo
0.3 miles
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Approximate 3,000+ SF retail building available for sale or lease.
Where is this storefront property located?
The property is located at 1436 US 31 W Bypass Bowling Green, KY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Approx. 3,000+ SF retail building available for sale or lease; Built in 2022; Central air cooling and concrete flooring
