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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
1938 Lyda Ave, Bowling Green, KY 42104-3326
Individually Owned
2-yr Hold
Free & Clear
Property ID
US34-0517736
Property summary
AI-generated overview
This exceptional 7,317 square foot, two-story Class B office building, constructed in 2007, presents a unique investment opportunity in Bowling Green, KY. Situated on a 0.69-acre lot with convenient access off Scottsville Road, the property boasts a high-traffic location with over 28,000 vehicles passing daily. Currently vacant, the building offers a single-tenant occupancy configuration, ideal for a variety of uses. Previously utilized as an oral medical facility, it retains valuable existing infrastructure, including a nitrous oxide and oxygen distribution system, making it particularly well-suited for medical practices. The layout includes dedicated medical rooms on the ground floor and adaptable office space upstairs. All bathrooms are ADA compliant, ensuring accessibility. Ample parking is provided with 15 spaces. The building is served by BGMU power and features no elevators. The property is zoned Commercial and has APN 040B-45-180. A convenient patient drop-off area is located to the right of the building. This prime location and versatile space offer significant potential for a variety of businesses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
FRAME
Total area
7,317 SF
Lot
0.69 ac (30,056 SF)
APN
040B-45-180
UPID
US34-0517736
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Samantha Johnson Dental Office
-
Dr. Shane Williams Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.28M
Owner & transaction history
Gurinder Grewal · 2 yrs held
Gurinder Grewal
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+74.3%
Auto repair, garage
$1.2M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bowling Green submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowling Green submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Current use
RESTAURANT
$1,920,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,160,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,278
Tax year 2023
Assessed value
$1,275,000
Assessed 2023
Previous assessed
$1,275,000
+0.0% YoY
Effective rate
0.34%
On assessed value
Total market value
$1,275,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
7,317 SF
Lot
0.69 ac (30,056 SF)
APN
040B-45-180
UPID
US34-0517736
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Gurinder Grewal
Individual
Free & Clear · 2 yrs held
Mailing address
18520 LONGVIEW PARK LN, LOUISVILLE, KY 40245-6214
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Nsg Group LLC
—
Deed
related
$1,015,000 · The German American Bank
Jun 3, 2024
—
Gurinder Grewal
Golden Years Adult Day Care INC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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