Bowling Green Industrial/Flex
5141 Veterans Memorial, Bowling Green, KY 42101
Prime industrial/flex property in Bowling Green, Kentucky for sale.
Type:Land
Property size:
8,200 SFPrice / SF:
$79/SF- Added:
- Apr 8, 2024
- Days on Market:
- 787
- Last Refresh:
- May 13 at 12:10 am
Property Features for 5141 Veterans Memorial
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Property subtype
- Land
Listing agent Alex Nottmeier License #195310
Listing office Neal Turner Realty
Listing date Apr 8, 2024
Source Crexi
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 Neal Turner Realty
HighLights
- Located in an Opportunity Zone, offering potential tax incentives.
- High traffic count (17,595 vehicles per day) and 500' frontage on Veterans Memorial, providing excellent visibility.
- Prime industrial/flex property with the ability to transition to commercial use.
- Favorable zoning allows for a variety of uses.
- Existing 8,200 SF building offers renovation or demolition options.
- Located on the corner of Veterans Memorial and Thomas Ct.
Overview
This industrial/flex property is located in Bowling Green, KY, offering potential for commercial transition. The property is zoned for light industrial and general business. An existing 8,200 square foot building, constructed in 1960, is located on the premises, presenting options for renovation or demolition. The property is situated on the corner of Veterans Memorial and Thomas Court, benefiting from a traffic count of over 17,595 vehicles per day and 500 feet of frontage on Veterans Memorial. The location within an Opportunity Zone may provide investors with additional tax incentives for redevelopment. Note that grocery, fuel, and hardware restrictions apply.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $7.80 |
| − Vacancy | −$3.6k | −$0.44 |
| EGI | $60.3k | $7.36 |
| − OpEx | −$18.1k | −$2.21 |
| NOI | $42.2k | $5.15 |
8,200 SF · lease $7.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$603.1K
$527.8K – $703.7K
NOI $42,220 @ 7.0% cap · market cap 6.50%
Second Best
Flex RnD
$543.4K
$475.5K – $634.0K
NOI $38,040 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,771 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.442344
- Latitude
- 37.0016535
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Prime industrial/flex property in Bowling Green, Kentucky for sale.
Where is this commercial land located?
The property is located at 5141 Veterans Memorial Bowling Green, KY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Located in an Opportunity Zone, offering potential tax incentives.; High traffic count (17,595 vehicles per day) and 500' frontage on Veterans Memorial, providing **excellent visibility**.; Prime industrial/flex property with the ability to transition to commercial use.
