Medical Office
234 Natchez Trace Avenue Bowling Green, KY 42103
For Sale
Contact for pricing
Medical office building within a dedicated office park, positioned just off I-65 for convenient regional access.
Property Size7,710 SF
Price / SF$375.88
Days on Market58
Property Features for 234 Natchez Trace Avenue
General Information
Standard status
Active
Size
7,710 SF
Property subtype
Retail, Office
Building Details
Year Built
2021
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Thomas Ladt · License #CA 01803956
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 27 at 8:03PM
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 Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
This for-sale medical office building is located within a medical office park setting and is positioned to serve healthcare professionals and related office uses. The property’s presentation is oriented toward medical office operations, supported by the surrounding planned commercial and multi-family environment.
The location places the building just off I-65 with direct access toward Nashville, with traffic indicated at approximately 88,000 VPD. The broader trade area is described as having strong daytime activity, including an estimated 135,855 total daytime population, and the market reflects notable growth since 2010. The surrounding area includes thousands of apartment units and is within commuting distance of Western Kentucky University, with 15,920 students noted, as well as a substantial employment base tied to the local economic impact highlighted in the remarks.
For tenants and buyers seeking a medical office configuration in a focused office-park environment, the access advantages to the interstate network and the concentration of residents and daytime workers can support steady patient and client demand. The property also benefits from proximity to major employers and nearby educational institutions mentioned in the materials, which may align with the needs of medical practices serving the local community.
The location places the building just off I-65 with direct access toward Nashville, with traffic indicated at approximately 88,000 VPD. The broader trade area is described as having strong daytime activity, including an estimated 135,855 total daytime population, and the market reflects notable growth since 2010. The surrounding area includes thousands of apartment units and is within commuting distance of Western Kentucky University, with 15,920 students noted, as well as a substantial employment base tied to the local economic impact highlighted in the remarks.
For tenants and buyers seeking a medical office configuration in a focused office-park environment, the access advantages to the interstate network and the concentration of residents and daytime workers can support steady patient and client demand. The property also benefits from proximity to major employers and nearby educational institutions mentioned in the materials, which may align with the needs of medical practices serving the local community.
Key Highlights
- Medical office building within a dedicated office park
- Built in 2021
- Just off I‑65 with 88,000 VPD
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 | $138.8k | $18.00 |
| − Vacancy | −$19.4k | −$2.52 |
| EGI | $119.4k | $15.48 |
| − OpEx | −$29.8k | −$3.87 |
| NOI | $89.5k | $11.61 |
7,710 SF · lease $18.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,513 @ 7.0% cap · market cap 3.09%
Second Best
Healthcare Medical
$1.02M
$891.7K – $1.19M
NOI $71,338 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,195 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building within a dedicated office park, positioned just off I-65 for convenient regional access.
Where is this medical office space located?
The property is located at 234 Natchez Trace Avenue Bowling Green, KY.
What is the asking price?
The asking price for this property is $2,898,000.
What are key features of this property?
This property features: Medical office building within a dedicated office park; Built in 2021; Just off I‑65 with 88,000 VPD
