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Industrial Warehouse in Central Location
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2737 PIONEER DR, Bowling Green, KY 42101

8819 SF insulated warehouse with Heavy Industrial zoning.

Property Size8,819 SF
Price / SF$141.74
Days on Market154

Property Features for 2737 PIONEER DR

General Information

Standard status Active
Size 8,819 SF
Total Parking Spaces 15
Property subtype Industrial
Investment Type Owner/User

Building Details

Year Built 1995
Stories 1
Units 1
Listing Agency: Coldwell Banker Commercial Legacy Group
Listed By: Travis Ayers · License #KY
Source: Crexi
Added: May 14 Changed: Oct 8 Last Checked: Oct 12 at 5:38PM

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 Coldwell Banker Commercial Legacy Group

Investment Insights

Based on property information with market context.

This 8819 SF insulated warehouse is zoned Heavy Industrial and features a 12’ x 12’ office. The building includes a 16’ eave height, two roll-up doors, 3-phase electric service, and energy-efficient LED lighting throughout. It is centrally located within an industrial park and is suitable for small manufacturing, automotive detailing, distribution, warehousing, or storage operations. The property's functionality and access make it suitable for a variety of industrial users.

Key Highlights

  • 8819 SF Insulated Warehouse: Substantial space.
  • Heavy Industrial Zoning: Allows for a wide range of industrial uses.
  • 16’ Eave Height: Accommodates diverse storage and operational needs.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$57,804
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,080 $1.2M
Cap Rate 7%
$825,771 $825.8K
Cap Rate 9%
$642,267 $642.3K
Market Conditions
NOI Build-Up for 8,819 SF
Gross rent
$72.0K $8.16/SF
− Vacancy
−$4.0K −$0.45/SF
EGI
$68.0K $7.71/SF
− OpEx
−$10.2K −$1.16/SF
NOI
$57.8K $6.55/SF
Area
Warren County, KY
Vacancy
5.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,080
Cap Rate 7%
$825,771
Cap Rate 9%
$642,267

Alternative Uses

Best Use
Warehouse
$825.8K
$722.6K – $963.4K (±1% cap)
NOI $57,804 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M (±1% cap)
NOI $136,340 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

RJ Classic Cars Car Dealership

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Dental Office Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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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?
Warehouse - 8819 SF insulated warehouse with Heavy Industrial zoning.
Where is this warehouse located?
The property is located at 2737 PIONEER DR Bowling Green, KY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8819 SF Insulated Warehouse: Substantial space.; Heavy Industrial Zoning: Allows for a wide range of industrial uses.; 16’ Eave Height: Accommodates diverse storage and operational needs.
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