Technical
Financial
Distress signals
Property profile

1391 Morgantown Rd Bowling Green, KY 42101

FOR LEASE
Retail space
Property ID
US34-0576967
6,020 SF 1.08 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 1391 Morgantown Road in Bowling Green, Kentucky, offers multiple spaces for lease within a 6,020 square foot free-standing building constructed in 2005. The building is situated in Warren County, offering excellent visibility and accessibility. Two spaces are currently available, with sizes ranging from a minimum of 1,456 square feet to a maximum contiguous space of 1,764 square feet. A significant portion of the building, totaling 3,220 square feet, is currently vacant and ready for immediate occupancy. The property benefits from its location as a Walmart outparcel, ensuring high traffic and visibility for potential tenants. The lease rate is $22.00 per square foot plus $3.50 per square foot for operating expenses, or a modified gross rate of $25.50 per square foot. Two end-cap spaces are available, providing prime retail locations with enhanced visibility. This property presents a unique opportunity for businesses seeking high-traffic locations in a thriving Kentucky market. The property's convenient location and flexible space options make it ideal for a variety of retail uses. The building's 2005 construction ensures modern amenities and efficient layouts. Spaces are available for lease starting January 1, 2024. This is an excellent opportunity to establish a strong retail presence in a high-demand area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction STEEL FRAME
Total area 6,020 SF
Lot 1.08 ac (47,045 SF)
APN 040A-28-002
UPID US34-0576967

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Gym & Fitness Center

Location

1391 Morgantown Rd Bowling Green, KY 42101
Bowling Green metro Census 11001 BOWLING GREEN, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$624k
Blend (final) Blend
$490k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Office building $695,000 +8.5%
Auto repair, garage $650,000 +1.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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