Distribution Center with Heavy
For Sale
$43,900,000
4811 Nashville Road, Bowling Green, KY 42101
Two-building industrial facility with dock loading, employee parking, rail adjacency, and substantial electrical capacity.
Property Size598,624 SF
Lot Size34.06 Acres
Price / SF$73.33
Days on Market160
Property Features for 4811 Nashville Road
General Information
Standard status
Active
Size
598,624 SF
Lot size
34.06 Acres
Property subtype
Industrial
Zoning
HI/BE
Warehouse & Industrial
Office Build-Out
25,000 SF
Dock-High Doors
27
Heavy Power
Yes
Building Details
Buildings
2
Listing Agency:
Jones Lang LaSalle Americas In
(502) 296-5254
Listed By:
Christopher Beard
(502) 296-5254
Source:
Kcrea.resimplifi
Added: Mar 24
Changed: Aug 29
Last Checked: Aug 29 at 2:50PM
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 Jones Lang LaSalle Americas In
Investment Insights
Based on property information with market context.
This distribution center comprises two industrial buildings totaling 598,624 square feet on 34.06 acres. The improvements include 25,000 square feet of office space, 27 dock positions, 16 levelers, and ample employee parking. Building #1 was built in 1990 and offers 24- to 26-foot clear heights with air conditioning equipment available. Building #2, completed in 2015, provides 36- to 40-foot clear heights.
The property has a heavy power supply and includes two diesel generators. An adjacent rail line adds another transportation-related feature to the facility. Located at 4811 Nashville Road in Bowling Green, Kentucky, the property combines substantial building area with multiple loading configurations and varied clear heights across the two structures.
The property has a heavy power supply and includes two diesel generators. An adjacent rail line adds another transportation-related feature to the facility. Located at 4811 Nashville Road in Bowling Green, Kentucky, the property combines substantial building area with multiple loading configurations and varied clear heights across the two structures.
Key Highlights
- 598,624 sq ft of total building area across two buildings
- 34.06‑acre industrial property at 4811 Nashville Road, Bowling Green, KY 42101
- 27 docks and 16 levelers support loading operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,923,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$78,473,860
$78.5M
Cap Rate 7%
$56,052,757
$56.1M
Cap Rate 9%
$43,596,589
$43.6M
Market Conditions
NOI Build-Up for 598,624 SF
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.
Gross rent
$4.88M $8.16/SF
− Vacancy
−$268.7K −$0.45/SF
EGI
$4.62M $7.71/SF
− OpEx
−$692.4K −$1.16/SF
NOI
$3.92M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$78,473,860
Cap Rate 7%
$56,052,757
Cap Rate 9%
$43,596,589
Alternative Uses
Best Use
Warehouse
$56.05M
$49.05M – $65.39M
NOI $3,923,693 @ 7.0% cap · market cap 8.94%
Second Best
Industrial
$44.03M
$38.53M – $51.37M
NOI $3,082,183 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$132.21M
$115.68M – $154.24M
NOI $9,254,631 @ 7.0% cap · market cap 21.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27
Dock-high doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Two-building industrial facility with dock loading, employee parking, rail adjacency, and substantial electrical capacity.
Where is this distribution center located?
The property is located at 4811 Nashville Road Bowling Green, KY.
What is the asking price?
The asking price for this property is $43,900,000.
What are key features of this property?
This property features: 598,624 sq ft of total building area across two buildings; 34.06‑acre industrial property at 4811 Nashville Road, Bowling Green, KY 42101; 27 docks and 16 levelers support loading operations
