Office Building with Gated Rear
For Sale
$539,900
2521 Petty Drive, Bowling Green, KY 42103
Multiple private work areas are complemented by a break room and dedicated storage space.
Property Size1,700 SF
Price / SF$317.59
Days on Market46
Property Features for 2521 Petty Drive
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
10
Property subtype
Commercial
Amenities
private office areas
break room
storage
parking lot
gated secured area
Finished
Office Space
Building Details
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Keller Williams First Choice R
(270) 782-1811
Listed By:
Tony Huynh · License #74305
(270) 257-4538
Source:
Elmorerealestate
Added: Sep 10
Changed: Oct 24
Last Checked: Oct 24 at 2:57PM
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
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Investment Insights
Based on property information with market context.
At 2521 Petty Drive in Bowling Green, this office property contains approximately 1,700 square feet, with several private office areas, a break room, and additional storage. Built in 1987, the building is paired with a sizable parking area and a gated section at the back of the lot for secured outdoor use.
Key Highlights
- Approximately 1,700 square feet of office space
- Several private office areas, a break room, and additional storage
- Gated rear lot section provides secured outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,737
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,740
$394.7K
Cap Rate 7%
$281,957
$282.0K
Cap Rate 9%
$219,300
$219.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$30.6K $18.00/SF
− Vacancy
−$4.3K −$2.52/SF
EGI
$26.3K $15.48/SF
− OpEx
−$6.6K −$3.87/SF
NOI
$19.7K $11.61/SF
Area
Warren County, KY
Vacancy
14.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,740
Cap Rate 7%
$281,957
Cap Rate 9%
$219,300
Alternative Uses
Best Use
Office B
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.5K – $438.0K
NOI $26,282 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42103, KY
22,106
Population
10,339
Households
2.1
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
70.4 sq mi
ZIP Area
314
Density / Sq Mi
$84,624
Median Household Income
$45,598
Median Earnings
$1,104
Median Rent
$303,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office space - Multiple private work areas are complemented by a break room and dedicated storage space.
Where is this office space located?
The property is located at 2521 Petty Drive Bowling Green, KY.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Approximately 1,700 square feet of office space; Several private office areas, a break room, and additional storage; Gated rear lot section provides secured outdoor space
