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    Property profile & analytics

    2608 Scottsville Rd Bowling Green, KY 42104-4406

    • Retail space
    • 13,440 SF
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2023
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0464865
    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

    • Visionworks Doctors of Optometry / Physician
    • Spectrum / Telecommunications Service
    • Spectrum Store / Telecommunications Service / Data Center
    • Kenzie Parker Boutique / Clothing & Fashion Store
    • Kevin Burt / Physician

    Property Details for 2608 Scottsville Rd

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.11 lot acres
    Property size
    13,440 SF
    Property type
    Retail space
    APN
    052A-04-017
    APU
    052A04017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,389,000
      Market price range: $807k - $2.12M
      AI Estimate
      $1,389,000
      Market price range: $807k - $2.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,520,000
      Current use
      AUTO REPAIR, GARAGE
      $2,130,000
      Change: +40% Conversion: Difficult
      OFFICE BUILDING
      $2,020,000
      Change: +33% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4244
    Latitude
    36.9508
    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
    $10,890
    $0.00
    $0.00
    $1,270,000
    -
    $0.00
    $0.00
    $1,270,000

    Comparable in this City

    • Value Estimation by Request
      3,585 SF

      1654 Magnolia St

      RETAIL STORES (PERSONAL SERVICES) • 3,585 SF
      1654 Magnolia St, Bowling Green, KY 42104-3057
      View Details
    • Value Estimation
      $930,000
      10,800 SF

      5388 Scottsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      5388 Scottsville Rd, Bowling Green, KY 42104-7911
      View Details
    • Value Estimation by Request
      2,312 SF

      1725 Scottsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,312 SF
      1725 Scottsville Rd, Bowling Green, KY 42104-3349
      View Details
    • Value Estimation by Request
      2,016 SF

      4848 Scottsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      4848 Scottsville Rd, Bowling Green, KY 42104-7909
      View Details
    • Value Estimation
      $850,000
      7,920 SF

      5280 Scottsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,920 SF
      5280 Scottsville Rd, Bowling Green, KY 42104-7905
      View Details
    • Value Estimation
      $875,000
      8,500 SF

      1415 Campbell Ln

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      1415 Campbell Ln, Bowling Green, KY 42104-4159
      View Details

    Similar Nearby for Sale

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      Former Office/Retail Center Opportunity

      Outparcel to Greenwood Mall, suitable for retail or office use.
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      Large building with high traffic, ample parking, and drive-thru.
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      Neighborhood Retail Strip Center

      96% occupied retail strip center with upside potential.
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    Similar Nearby for Lease

    • Contact for pricing

      New Construction Retail/Office Space

      New construction retail or office space available for rent.
      1333 Magnolia St, Bowling Green, KY 42104
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      3,360 SF

      Bowling Green Flex Space For Lease

      Modern Flex Space, High Visibility, I-65 Access
      475 Three Springs Rd, Bowling Green, KY 42104
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    • $1,769,000

      7 Brew Ground Lease Investment

      NNN ground lease with zero landlord responsibility in Bowling Green.
      2980 Scottsville Rd, Bowling Green, KY 42104
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      Prime Bowling Green Retail Space

      High-traffic retail space available for lease.
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      13,000 SF

      Warehouse with Interstate Frontage

      Warehouse with fenced lot, lighting, and interstate access.
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      View Details
    • Contact for pricing
      672 SF

      Prime Bowling Green Office Condo

      672 SF Executive Office Suite, Ample Parking
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      View Details
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    Bowling Green, KY 42104-4406
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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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