Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Kelly Ct Bowling Green, KY 42101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6,000 SF Warehouse, Kentucky

    Property size:
    6,000 SF

    Property Features for 119 Kelly Ct

    General Information

    Property type
    Distribution properties
    Square Feet
    6,000 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Perry Thessen
    Perry Thessen

    Listing Agency: Hunt Real Estate Group Listing Agent: Perry Thessen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This single-tenant industrial warehouse, located at 119 Kelly Ct, Bowling Green, KY 42101, offers 6,000 square feet of space on a 1.35-acre lot. Built in 2007, the property features a 12' 10" ceiling height, one story, and is zoned HI. The warehouse boasts two 12' x 15' office spaces and two shop restrooms. Access is provided by four 10' x 10' manual overhead doors. The property includes a security system and ample storage space. Electrical service is provided by two 200-amp systems. The location offers excellent access to I-65, being within six miles of exits 28 and 30. The property also benefits from approximately 180 feet of road frontage along Kelly Ct and a 60' x 311' access easement on the west side. Car lifts are negotiable. Possession is expected 120 days from the contract date. This well-maintained warehouse presents a strong investment opportunity in a convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jessie's Garage Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Grocery & Convenience Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.345517245239
    Latitude
    37.024292585829

    Nearby Similar for Sale

    • New
      $362,500
      2,000 SF

      Downtown Bowling Green Office Space

      2,000 SF professional office space in downtown Bowling Green.
      728 College St, Bowling Green, KY 42101
      View Details
    • $540,000
      2,000 SF

      New Construction Office Condo

      New 2000 sq ft office condo in prime location.
      140 E Professional Park Ct, Bowling Green, KY 42104
      View Details
    • $1,695,000
      9,500 SF

      Modern Office Building on Scottsville Road

      Multi-tenant office building in Bowling Green, fully occupied and well-located.
      6115 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • New
      $318,000
      2,534 SF

      Charming Residential Farm with Space

      Spacious 4-bedroom home with large backyard and detached outbuilding.
      809 Ridgecrest Way, Bowling Green, KY 42101
      View Details
    • $369,000
      1,953 SF

      Like-New Home in South Warren

      Three-bedroom home with bonus room and outdoor entertaining space.
      3275 Black Walnut Ct, Bowling Green, KY 42101
      View Details
    • $3,500,000
      20,000 SF

      Remodeled Warehouse and Office Space

      20,000 sq ft warehouse/office near WKU on 1.9 acres.
      1349 Adams St, Bowling Green, KY 42101
      View Details
    • $399,900
      2,176 SF

      Renovated Ranch Home Near WKU

      Spacious, renovated ranch with large lot near WKU and school.
      371 Cedar Ridge Rd, Bowling Green, KY 42101
      View Details
    • New
      $325,000
      1,602 SF

      Updated Charming Residential Farm

      Renovated farm with modern finishes, spacious backyard, and privacy fence.
      1025 Trillium Ln, Bowling Green, KY 42104
      View Details
    • $749,900
      1,833 SF

      Updated Farmhouse on 27 Acres

      27-acre farm retreat with updated farmhouse and agricultural potential.
      286 Goshen Church South Rd, Bowling Green, KY 42103
      View Details
    • $875,000
      0.54 Acres

      Established Restaurant Location For Sale

      Successful restaurant location with parking and recent remodeling.
      1026-1038 Chestnut St, Bowling Green, KY 42101
      View Details
    • $599,900
      50.20 Acres

      Farmland Opportunity in Butler County

      50.2 acres of farmland with multiple structures near Bowling Green.
      3274 Sugar Grove Rd, Bowling Green, KY 42101
      View Details
    • $4,500,000
      31,200 SF

      Bowling Green Commercial Opportunity

      Prime commercial property in high-demand Bowling Green retail corridor.
      2625 Scottsville Rd, Bowling Green, KY 42104
      View Details

    FAQs

    What type of property is this?
    Distribution property - 6,000 SF Warehouse, Kentucky
    Where is this distribution property located?
    The property is located at 119 Kelly Ct Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 6,000 SF single-tenant industrial warehouse on a 1.35-acre lot in Bowling Green, KY.; Built in 2007, featuring 12'10" ceilings and HI zoning.; Includes two 12' x 15' offices, two restrooms, and four 10' x 10' overhead doors.
    (270) 796-7550 Call to check price and availability
    Request Owner's contact information
    119 Kelly Ct Bowling Green, KY 42101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 Kelly Ct
    Bowling Green, KY 42101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Kelly Ct Bowling Green, KY 42101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Perry Thessen
    Perry Thessen
    Real Estate License ID: 217320
    (270) 796-7550 (270) 745-9900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!