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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2367 Russellville Rd Bowling Green, KY 42101

    • Office space
    • 1,320 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0597715
    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.

    Current Use by Public Records

    • Bowling Green Portable Toilet / Portable Toilet Supplier

    Property Details for 2367 Russellville Rd

    Year built
    1935
    Lot size
    1.00 lot acres
    Property size
    1,320 SF
    Property type
    Office space
    Property subtype
    Retail space

    Description

    This exceptional mixed-use property, located at 2367 Russellville Road, Bowling Green, KY 42101, presents a compelling investment opportunity. The 1-acre lot boasts four buildings totaling 1,320 square feet, offering a blend of creative office and storefront spaces. Built in 1935, this single-story property is currently vacant, providing a blank canvas for a new owner's vision. The asking price is $950,000, translating to $719.70 per square foot. Situated at a high-traffic intersection on Russellville Road and Veterans Memorial Lane (Hwy 68), this property benefits from an estimated 78,000+ daily vehicle count, ensuring exceptional visibility and accessibility. Its prime location in Bowling Green places it within minutes of Western Kentucky University and a variety of restaurants, further enhancing its appeal. The ample road frontage and high traffic volume make this property ideal for a variety of commercial uses, presenting significant investment potential. This is a rare opportunity to acquire a well-positioned property in a vastly growing area of Bowling Green.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.480584
    Latitude
    36.9691164

    Comparable in this City

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      Industrial Building with Fenced Lot

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      Industrial Park Building For Sale

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    Similar Nearby for Sale

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      Downtown Bowling Green Commercial Property

      Commercial property with office and retail spaces in downtown Bowling Green.
      310 E Main Ave, Bowling Green, KY 42101
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    • $435,000
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      Bowling Green Commercial Building For Sale

      1,500 sq ft commercial building with drive-through near WKU.
      1401 Adams St, Bowling Green, KY 42101
      View Details
    • $5,500,000

      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
    • $1,100,000

      Industrial Building with Fenced Lot

      5,000 sq ft building with office and warehouse space.
      2740 Griffin Dr, Bowling Green, KY 42101
      View Details
    • $377,500
      0.05 Acres

      Downtown Bowling Green Office Space

      2,000 SF office space in downtown Bowling Green.
      728 College St, Bowling Green, KY 42101
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    • $1,100,000
      1.30 Acres

      Industrial Park Building For Sale

      5,000 Sq Ft building with office and warehouse space.
      2740 Griffin Dr, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

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    • $30 SF/Yr
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      Prime Retail Space on US 31W

      Retail space with drive-thrus near Medical Center and I-65.
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    • New
      Contact for pricing
      15,682 SF

      Retail Space Near Downtown Parks

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      Bowling Green Office Space Available

      Office space for rent in Bowling Green, Kentucky.
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    2367 Russellville Rd
    Bowling Green, KY 42101
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    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
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