Second-Floor Office
728 College Street #Suite A, Bowling Green, KY 42101
For Sale
$362,500
Leased professional space includes open work areas, meeting space, and on-site support rooms.
Property Size2,000 SF
Price / SF$181.25
Days on Market31
Property Features for 728 College Street #Suite A
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Tenant in Place
Property Use
Amenities
lobby
open concept work areas
large conference room
kitchenette
restrooms
views
natural light
Finished
Building Details
Year Built
Buildings
Listing Agency:
Crye-Leike Executive Realty
(270) 781-3377
Listed By:
Klay Kelley · License KY #220268
(270) 792-2874
Source:
Elmorerealestate
Added: Oct 12
Changed: Nov 6
Last Checked: Nov 10 at 2:37PM
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 Crye-Leike Executive Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the second floor at 728 College Street in downtown Bowling Green, this office suite was built in 2009 and is leased. Its layout includes a lobby, open work areas, a conference room, a kitchenette, and two restrooms. Windows on three sides bring in natural light and provide broad views.
The property is in Bowling Green, Kentucky, with the office occupying the second floor of the building.
The property is in Bowling Green, Kentucky, with the office occupying the second floor of the building.
Key Highlights
- 2,000‑square‑foot professional office suite on the second floor
- Leased office property in downtown Bowling Green
- Lobby, open work areas, conference room, kitchenette, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,220
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$5.0K −$2.52/SF
EGI
$31.0K $15.48/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$23.2K $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%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
Alternative Uses
Best Use
Office B
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,067
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Leased professional space includes open work areas, meeting space, and on-site support rooms.
Where is this office unit located?
The property is located at 728 College Street #Suite A Bowling Green, KY.
What is the asking price?
The asking price for this property is $362,500.
What are key features of this property?
This property features: 2,000‑square‑foot professional office suite on the second floor; Leased office property in downtown Bowling Green; Lobby, open work areas, conference room, kitchenette, and 2 restrooms
