Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2326 Russellville Rd Bowling Green, KY 42101-3921
    Back to Search
    Property profile & analytics

    2326 Russellville Rd, Bowling Green, KY 42101-3921

    View on Map
    • Outlet malls
    • 31,440 SF
    • 2.50 lot acres
    Off-Market
    Property ID
    US34-0499522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 2326 Russellville Rd

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.50 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    040A-62-004B
    APU
    040A62004B

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2023 $2,900,000 Johnson Investment Properties LLC Russett Partners LLC Deed —
    Nov 24, 2021 — Russett Prtners LLC — Deed · related $1M · Edmonton State Bank

    Description

    This exceptional flex space, located at 2326 Russellville Road in Warren County, offers a unique opportunity for businesses seeking versatile commercial space. The property, formerly occupied by Super Home Surplus, comprises two single-story buildings totaling 32,000 square feet on a 2.5-acre lot. The buildings, constructed in 1963 and extensively renovated in 2024, boast a Class B rating and offer multiple tenancy options. Spaces range from a minimum of 5,000 square feet to a maximum contiguous space of 30,000 square feet, providing flexibility for various business needs. The property features a 12-foot ceiling height, ample parking with 100+ spaces, three drive-in bays, and one loading dock. Its Highway Business zoning ensures high visibility and accessibility, benefiting from significant road frontage and high traffic volume. The property's four suites are currently vacant, presenting a blank canvas for immediate occupancy. This prime location offers a compelling combination of space, accessibility, and recent renovations, making it an ideal choice for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,818,000
      Market price range: $1.82M - $4.63M
      AI Estimate
      $1,818,000
      Market price range: $1.82M - $4.63M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,810,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4776
    Latitude
    36.9703
    CBSA code
    14540
    CBSA name
    BOWLING GREEN, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,433
    $0.00
    $0.00
    $1,100,000
    -
    $0.00
    $0.00
    $1,100,000

    Comparable in this City

    • Value Estimation
      $2,040,000
      13,833 SF

      1145 Us 31st Byp

      WHOLESALE OUTLET, DISCOUNT STORE
      1145 Us 31st Byp, Bowling Green, KY 42101-2419
      View Details
    • Value Estimation
      $995,000
      6,769 SF

      310 Us 31st Byp

      WHOLESALE OUTLET, DISCOUNT STORE
      310 Us 31st Byp, Bowling Green, KY 42101-1770
      View Details
    • Value Estimation
      $885,000
      8,000 SF

      710 Us 31st Byp

      WHOLESALE OUTLET, DISCOUNT STORE
      710 Us 31st Byp, Bowling Green, KY 42101-4934
      View Details
    • Value Estimation
      $1,020,000
      17,660 SF

      555 Modern Way

      WHOLESALE OUTLET, DISCOUNT STORE
      555 Modern Way, Bowling Green, KY 42101-4002
      View Details
    • Value Estimation
      $965,000
      16,696 SF

      3570 Louisville Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      3570 Louisville Rd, Bowling Green, KY 42101-7124
      View Details
    • Value Estimation
      $530,000
      3,600 SF

      2531 Russellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      2531 Russellville Rd, Bowling Green, KY 42101-3957
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,633 SF

      Neighborhood Retail Strip Center

      96% occupied retail strip center with upside potential.
      760 Campbell Ln, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      4,280 SF

      Turnkey Workshop Near Highway

      4,280 SF workshop on 0.42 acres near US 68/80.
      2725 Pioneer Dr, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Trucking Facility on Fenced Land

      Trucking facility with office and shop space on 6.16 acres.
      237 N Graham St, Bowling Green, KY 42101
      View Details
    • $349,900
      2,200 SF

      Bowling Green Commercial Building For Sale

      Commercial building near WKU campus with long-term tenant.
      1403 Adams St, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      8,819 SF

      Industrial Warehouse in Central Location

      8819 SF insulated warehouse with Heavy Industrial zoning.
      2737 Pioneer Dr, Bowling Green, KY 42101
      View Details
    • $325,000
      1.00 Acre

      Hadley Store & Grill Opportunity

      Unique commercial property with store, restaurant, shop, and storage.
      12111 Morgantown Rd, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Bowling Green

      Retail space available in new development anchored by Publix.
      Dillard & Nashville Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space on Louisville Road

      Up to 25,000 SF available on heavily traveled road.
      3170 Louisville Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Bowling Green Commercial Space Available

      Office, industrial, and retail spaces available for rent.
      2575 Louisville Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      15,682 SF

      Retail Space Near Downtown Parks

      Retail space for lease near Fountain Square and Circus Square Parks.
      736 College St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Retail Space in Kroger Center

      Retail and office spaces available in busy, anchored shopping center.
      2710 Nashville Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      1,356 SF

      Prime Retail Space on US 31W

      Retail space with drive-thrus near Medical Center and I-65.
      651 Us 31W Byp, Bowling Green, KY 42101
      View Details
    Request Owner's contact information
    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.
    2326 Russellville Rd
    Bowling Green, KY 42101-3921
    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
    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

    Thank You for Inquiry
    2326 Russellville Rd, Bowling Green, KY, 42101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!