Multi-Unit Flex Warehouse
For Sale
$715,000
920 Clay Street, Bowling Green, KY 42101
Spacious office and warehouse layout with three loading docks and on-site parking on a 0.63-acre lot.
Property Size10,370 SF
Lot Size0.63 Acres
Price / SF$68.95
Days on Market179
Property Features for 920 Clay Street
General Information
Standard status
Active
Size
10,370 SF
Lot size
0.63 Acres
Property subtype
Commercial
Additional Details
Dock-High Doors
3
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Benchmark Realty LLC
Listed By:
Adam Brooks
(270) 791-8969
Source:
Benchmarkrealtytn
Added: Apr 14
Changed: Oct 8
Last Checked: Oct 7 at 2:14PM
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 Benchmark Realty LLC
Investment Insights
Based on property information with market context.
This outstanding commercial building offers a flexible warehouse configuration with ample office space, including a dedicated meeting area. The property includes two restrooms, one of which is equipped with a full shower, supporting both tenant operations and owner use. Warehouse/storage space is served by three loading docks to accommodate efficient logistics.
The building is situated on a 0.63-acre lot in a convenient Bowling Green location. It is currently configured as income-producing with two tenant-occupied units and a third unit available for lease or owner use, making it well-suited for multi-tenant operation. Generous on-site parking supports tenants and customers.
For sale with a multi-unit setup, the property combines practical distribution features with functional office space for businesses that need both day-to-day work areas and warehouse capabilities.
The building is situated on a 0.63-acre lot in a convenient Bowling Green location. It is currently configured as income-producing with two tenant-occupied units and a third unit available for lease or owner use, making it well-suited for multi-tenant operation. Generous on-site parking supports tenants and customers.
For sale with a multi-unit setup, the property combines practical distribution features with functional office space for businesses that need both day-to-day work areas and warehouse capabilities.
Key Highlights
- 10,370 sq. ft. commercial building on a 0.63‑acre lot in Bowling Green
- Office setup includes a spacious office area and a dedicated meeting area
- Warehouse/storage space with three loading docks for logistics and operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,393
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,860
$1.1M
Cap Rate 7%
$762,757
$762.8K
Cap Rate 9%
$593,256
$593.3K
Market Conditions
NOI Build-Up for 10,370 SF
Gross rent
$80.9K $7.80/SF
− Vacancy
−$4.6K −$0.44/SF
EGI
$76.3K $7.36/SF
− OpEx
−$22.9K −$2.21/SF
NOI
$53.4K $5.15/SF
Area
Warren County, KY
Vacancy
5.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,860
Cap Rate 7%
$762,757
Cap Rate 9%
$593,256
Alternative Uses
Best Use
Warehouse
$971.0K
$849.6K – $1.13M
NOI $67,970 @ 7.0% cap · market cap 9.51%
Second Best
Industrial
$762.8K
$667.4K – $889.9K
NOI $53,393 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,319 @ 7.0% cap · market cap 22.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Vette City Catering — 300 E 8th Ave, Bowling Green, KY 42101
Frequently Asked Questions
What type of property is this?
Flex space - Spacious office and warehouse layout with three loading docks and on-site parking on a 0.63-acre lot.
Where is this flex space located?
The property is located at 920 Clay Street Bowling Green, KY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 10,370 sq. ft. commercial building on a 0.63‑acre lot in Bowling Green; Office setup includes a spacious office area and a dedicated meeting area; Warehouse/storage space with three loading docks for logistics and operations
