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Renovated Office Building Investment Opportunity

188 Cal Batsel Rd Bowling Green, KY 42104

188 Cal Batsel Rd, Bowling Green, KY, 42104
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Renovated 3,500 SF office building in South Warren area.

Property Size3,500 SF
Price / SF$228
AddedMay 15
Days on Market62
Last RefreshJun 30 at 4:15 am

Property Features for 188 Cal Batsel Rd

General Information

Standard status
Active
Size
3,500 SF
Property subtype
OFFICE

Listing office Neal Turner Realty

Listing date May 15, 2026

Source Moodyscre

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 Neal Turner Realty


Investment Insights

Based on property information with market context.

This renovated 3,500 SF office building, originally built in 1987 and updated in 2026, presents an investment opportunity in the South Warren area. Zoned LI, the property is suited for a range of office or office building uses, offering a versatile and adaptable space. The South Warren market in Bowling Green, KY, is known for its dynamic business environment and strategic location with access to major transportation routes, as well as a strong, diverse workforce. Nearby points of interest include the Bowling Green-Warren County Regional Airport, WKU's Center for Research and Development, and the South Central Kentucky Cultural Center. With a thriving economy and a range of amenities, the South Warren market offers an ideal setting for office investors seeking long-term value and growth potential.

Key Highlights

  • Renovated 3,500 SF office building (updated in 2026) offering a modern and functional workspace.
  • Zoned LI, suitable for a range of office or office building uses, providing versatility for investors.
  • Located in the thriving South Warren market, known for its dynamic business environment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $63.0k $18.00
− Vacancy −$8.8k −$2.52
EGI $54.2k $15.48
− OpEx −$13.5k −$3.87
NOI $40.6k $11.61
3,500 SF · lease $18.00/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$580.5K
$507.9K – $677.3K (±1% cap)
NOI $40,635 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K (±1% cap)
NOI $54,109 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

High Gravity Resources ... Construction Company PDR Investments Restaurant

Suggested Use

Real Estate Agency Restaurant HVAC Service Furniture & Home Goods Storage Facility Grocery & Convenience Store Parking Lot & Garage Daycare Center Auto Repair Shop Electrical Service

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

FAQs

What type of property is this?
Office building - Renovated 3,500 SF office building in South Warren area.
Where is this office building located?
The property is located at 188 Cal Batsel Rd Bowling Green, KY.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Renovated 3,500 SF office building (updated in 2026) offering a modern and functional workspace.; Zoned LI, suitable for a range of office or office building uses, providing versatility for investors.; Located in the thriving South Warren market, known for its dynamic business environment.
Contact an agent
(270) 779-0017 Call to check price and availability
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