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

    2648 Russellville Rd Bowling Green, KY 42101-3927

    • Drive through restaurants
    • 3,352 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0481516
    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

    • Wendy's / Restaurant / Take-out & Catering

    Property Details for 2648 Russellville Rd

    Year built
    2003
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property size
    3,352 SF
    Property type
    Drive through restaurants
    APN
    041A-07
    APU
    041A07

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,460,000
      Market price range: $361k - $1.47M
      AI Estimate
      $1,460,000
      Market price range: $361k - $1.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4896
    Latitude
    36.9613
    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
    $13,634
    $0.00
    $0.00
    $1,590,000
    -
    $0.00
    $0.00
    $1,590,000

    Comparable in this City

    • Value Estimation
      $1,865,000
      4,262 SF

      603 Hennessy Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,262 SF
      603 Hennessy Way, Bowling Green, KY 42101-7122
      View Details
    • Value Estimation
      $1,435,000
      3,276 SF

      2420 Nashville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,276 SF
      2420 Nashville Rd, Bowling Green, KY 42101-4117
      View Details
    • Value Estimation by Request
      666 SF

      200 College St

      DRIVE-THRU RESTAURANT, FAST FOOD • 666 SF
      200 College St, Bowling Green, KY 42101-1228
      View Details
    • Value Estimation
      $1,000,000
      2,255 SF

      904 Us 31st Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,255 SF
      904 Us 31st Byp, Bowling Green, KY 42101-2316
      View Details
    • Value Estimation by Request
      3,475 SF

      6840 Louisville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,475 SF
      6840 Louisville Rd, Bowling Green, KY 42101-8015
      View Details
    • Value Estimation
      $510,000
      1,525 SF

      2144 Russellville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,525 SF
      2144 Russellville Rd, Bowling Green, KY 42101-5059
      View Details

    Similar Nearby for Sale

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      1,500 SF

      Bowling Green Commercial Building For Sale

      1,500 sq ft commercial building with drive-through near WKU.
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      Hadley Store & Grill Opportunity

      Unique commercial property with store, restaurant, shop, and storage.
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      Established Restaurant Location For Sale

      Successful restaurant location with parking and recent remodeling.
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      Historic Bowling Green Bar For Sale

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      Historic Bar and Apartment For Sale

      Turn-key bar business with a fully furnished apartment in Kentucky.
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      High-Traffic Commercial Property For Sale

      Adaptable commercial site on Louisville Rd with high visibility.
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    Similar Nearby for Lease

    • $30 SF/Yr
      4,368 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
    • $7 SF/Yr
      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

      Retail Space in Bowling Green

      Retail space available in new development anchored by Publix.
      Dillard & Nashville Rd, Bowling Green, KY 42101
      View Details
    • $25 SF/Yr
      6,020 SF

      Morgantown Road Retail Spaces

      Bowling Green, KY Retail Opportunity
      1391 Morgantown Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      14,564 SF

      Freestanding Retail Space Available

      Former drug store available for lease with high traffic.
      2380 Nashville 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

    Property Visit Statistics

    • Visits by month
      30.6k
    • Visitors by month
      21.7k
    • Avg Time on site
      13 min
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    2648 Russellville Rd
    Bowling Green, KY 42101-3927
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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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