Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2341 Russellville Rd Bowling Green, KY 42101-5234
    Back to Search
    Property profile & analytics

    2341 Russellville Rd, Bowling Green, KY 42101-5234

    View on Map
    • Investment properties
    • 9,920 SF
    • 2.35 lot acres
    Off-Market
    Last Sale Aug 27, 2021
    $205,000
    Property ID
    US34-0137855
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ROYAL MOTOR CARS LLC / Car Dealership

    Property Details for 2341 Russellville Rd

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.35 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    040A-61-006
    APU
    040A61006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 27, 2021 $205,000 Royal Investments Bg LLC Larkin Jones Properties LLC Deed —
    Nov 9, 2020 — Royal I9nvestments Bg LLC Omar Alrawi Quit Claim Deed · related —
    Nov 26, 2018 $144,000 Royal Investments Bg LLC Susan James LLC Deed $108k · South Central Bank
    Oct 16, 2018 $131,000 Royal Investments Bg LLC Harold G Daisley Deed $98k · South Central Bank
    Aug 17, 2018 $160,900 Royal Investment Bg LLC Phil Brown Constructionc LLC Deed $121k · South Central Bank
    Jul 9, 2018 $158,900 Royal Investments Bg LLC Phil Brown Construction LLC Deed —
    Mar 28, 2018 $110,000 Royal Investments Bg LLC Terrial Christopher Lockhart Deed —
    Dec 2, 2015 $296,500 Omar Alrawi Bank Of Jamestown Deed $197k · Bank Of Jamestown

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.48
    Latitude
    36.971
    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
    $3,430
    $0.00
    $0.00
    $400,000
    -
    $0.00
    $0.00
    $400,000

    Comparable in this City

    • Value Estimation by Request
      20,267 SF

      843 Fairview Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      843 Fairview Ave, Bowling Green, KY 42101-4914
      View Details
    • Value Estimation by Request
      5,712 SF

      935 College St

      OFFICE/RESIDENTIAL (MIXED USE)
      935 College St, Bowling Green, KY 42101-2134
      View Details
    • Value Estimation by Request
      10,809 SF

      661 Us 31st Byp

      OFFICE/RESIDENTIAL (MIXED USE)
      661 Us 31st Byp, Bowling Green, KY 42101-4968
      View Details
    • Value Estimation by Request
      46,042 SF

      901 Lehman Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      901 Lehman Ave, Bowling Green, KY 42101-4903
      View Details
    • Value Estimation by Request
      4,860 SF

      428 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      428 Main Ave, Bowling Green, KY 42101-6911
      View Details
    • Value Estimation by Request
      8,786 SF

      434 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      434 Main Ave, Bowling Green, KY 42101-6911
      View Details

    Similar Nearby for Sale

    • $229,900
      0.07 Acres

      Downtown Bowling Green Mixed-Use Property

      Centrally located mixed-use property in downtown Bowling Green.
      1048 Elm St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Highway Business Zoned Land Available

      Land for sale in Bowling Green's fastest growing area.
      Flex Park Ln, Bowling Green, KY 42101
      View Details
    • $424,900
      784 SF

      Updated Property on High-Traffic Bypass

      Updated property near WKU, ideal for business or residential use.
      1338 Us 31W Byp W, Bowling Green, KY 42101
      View Details
    • $619,900
      0.99 Acres

      Commercial Land Near South Warren

      99 acre commercial lot near South Warren with highway zoning.
      7949 Nashville Rd, Bowling Green, KY 42101
      View Details
    • $1,400,000
      1.81 Acres

      Commercial Land in Bowling Green

      1.81 acre commercial land with highway business zoning.
      7891 Nashville Rd, Bowling Green, KY 42101
      View Details
    • $2,899,000
      1.69 Acres

      New Storage Units For Sale

      New storage units in Bowling Green, Kentucky, off I-65.
      121 Corvette Dr, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Heated Warehouse Space For Rent

      80,000 SF heated warehouse with enclosed dock and service yard.
      900 Church St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Retail Spaces in WalMart Outparcel

      Retail spaces available in WalMart outparcel starting January 1, 2024.
      1391 Morgantown Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      8,100 SF

      Bowling Green Office Space Available

      Office space for rent in Bowling Green, Kentucky.
      446 E Main Ave, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Versatile Light Industrial Warehouse Space

      Adaptable warehouse space with docks, drive-ins, and office areas.
      112 Thomas Ct, Bowling Green, KY 42101
      View Details
    • 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
    • Sponsored
      Contact for pricing

      KY, Bowling Green - 922 State Street

      Workspaces, services and support to help you work better in KY, Bowling Green - 922 State Street
      922 State St, 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.
    2341 Russellville Rd
    Bowling Green, KY 42101-5234
    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
    2341 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!