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Retail Space For Sale
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3156 Nashville Road, Bowling Green, KY 42101

Retail space available for purchase.

Property Size6,461 SF
Price / SF$348.24
Days on Market262

Property Features for 3156 Nashville Road

General Information

Standard status Active
Size 6,461 SF
Property subtype Retail
Investment Type Owner/User
Listing Agency: CMP Real Estate Group
Listed By: Jordan Jabbori · License #MI
Source: Crexi
Added: Jan 23 Changed: Sep 26 Last Checked: Oct 11 at 3:20AM

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 CMP Real Estate Group

Investment Insights

Based on property information with market context.

This commercial real estate property, identified as retail space, is available for sale. The property encompasses a total area of 6461 square feet. It is located on Nashville Road in Bowling Green, Kentucky.

Key Highlights

  • No property information provided.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$71,007
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,140 $1.4M
Cap Rate 7%
$1,014,386 $1.0M
Cap Rate 9%
$788,967 $789.0K
Market Conditions
NOI Build-Up for 6,461 SF
Gross rent
$106.2K $16.44/SF
− Vacancy
−$4.8K −$0.74/SF
EGI
$101.4K $15.70/SF
− OpEx
−$30.4K −$4.71/SF
NOI
$71.0K $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 Rate 5%
$1,420,140
Cap Rate 7%
$1,014,386
Cap Rate 9%
$788,967

Alternative Uses

Best Use
Retail
$1.01M
$887.6K – $1.18M (±1% cap)
NOI $71,007 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M (±1% cap)
NOI $99,886 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Soap My Ride ... Car Wash

Suggested Use

Top Pick Dental Office Electrical Service Spa & Massage Center Plumbing Service Bakery Hair 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

217
Businesses Nearby
38k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 79% Dining 20% Home Improvements & Furnishings 1%
Caseys Shops & Services
13,989 visits/mo 0.3 miles
BP Shops & Services
10,775 visits/mo 0.3 miles
Popeyes Louisiana Kitchen Dining
6,834 visits/mo 0.3 miles
Minit Mart Shops & Services
4,140 visits/mo 0.3 miles
U-Haul Moving & Storage Of Lost River Shops & Services
1,350 visits/mo 0.5 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 3156 Nashville Road Bowling Green, KY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: No property information provided.
(248) 538-2000 Call to check price and availability
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