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    2945 Scottsville Rd Bowling Green, KY 42104-6331
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    2945 Scottsville Rd Bowling Green, KY 42104-6331

    View on Map
    • Super regional malls
    • 59,812 SF
    • 21.30 lot acres
    Off-Market
    Property ID
    US34-0535794
    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

    • Kroger / Grocery & Convenience Store / Food Market
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Color Tyme Rent-To-Own / Interior Design
    • Once Upon A Child - Bowling Green / Clothing & Fashion Store
    • Workout Anytime Greenwood Square / Gym & Fitness Center

    Property Details for 2945 Scottsville Rd

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    21.30 lot acres
    Property size
    59,812 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    053A-02A
    APU
    053A02A

    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
    -86.4247
    Latitude
    36.9436
    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
    $166,969
    $0.00
    $0.00
    $19,471,600
    -
    $0.00
    $0.00
    $19,471,600

    Comparable in this City

    • Value Estimation
      $3,835,000
      39,800 SF

      2724 Scottsville Rd

      REGIONAL SHOPPING CENTER, MALL • 39,800 SF
      2724 Scottsville Rd, Bowling Green, KY 42104-4408
      View Details
    • Value Estimation by Request
      36,921 SF

      2425 Scottsville Rd

      REGIONAL SHOPPING CENTER, MALL • 36,921 SF
      2425 Scottsville Rd, Bowling Green, KY 42104-4457
      View Details
    • Value Estimation
      $15,685,000
      100,193 SF

      2300 Gary Farms Blvd

      REGIONAL SHOPPING CENTER, MALL • 100,193 SF
      2300 Gary Farms Blvd, Bowling Green, KY 42104-4418
      View Details
    • Value Estimation
      $8,255,000
      137,395 SF

      150 American Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 137,395 SF
      150 American Ave, Bowling Green, KY 42104-6378
      View Details
    • Value Estimation by Request
      12,383 SF

      955 Flds Dr

      SHOPPING CENTER, STRIP CENTER • 12,383 SF
      955 Flds Dr, Bowling Green, KY 42104-5346
      View Details
    • Value Estimation
      $535,000
      8,873 SF

      1401 Magnolia St

      WHOLESALE OUTLET, DISCOUNT STORE • 8,873 SF
      1401 Magnolia St, Bowling Green, KY 42104-3052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,823 SF

      Neighborhood Retail Strip Center

      96% occupied retail strip center with upside potential.
      760 Campbell Ln, Bowling Green, KY 42104
      View Details
    • Contact for pricing
      3,808 SF

      Retail Property with Established Tenant

      Retail property subleased to Parlor Doughnuts with long-term lease.
      133 Three Springs Rd, Bowling Green, KY 42104
      View Details
    • $180,000
      0.07 Acres

      Bowling Green Commercial Space Available

      Adaptable commercial space in Tower Place Condominiums, Bowling Green.
      1111 Shive Ln, Bowling Green, KY 42104
      View Details
    • $199,900
      1.00 Acre

      Historic General Store on 1 Acre

      Landmark general store with restaurant/salon equipment on a 1-acre lot.
      7455 Plano Rd, Bowling Green, KY 42104
      View Details
    • $2,699,999
      10.86 Acres

      Prime Commercial Land Opportunity

      10.68 acres ideal for industrial, retail, or mixed-use development.
      Whitney Dr, Bowling Green, KY 42104
      View Details
    • $1,950,000
      1,545 SF

      Corner Retail Property For Sale

      Retail property with highway business zoning and multiple curb cuts.
      1432 Campbell Ln, Bowling Green, KY 42104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Campbell Lane

      Prime retail space in high-traffic Bowling Green location.
      1440 Campbell Ln, Bowling Green, KY 42104
      View Details
    • $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
      View Details
    • Contact for pricing
      1,450 SF

      Bowling Green Office Space Available

      Office space for rent, near Bowling Green Senior High.
      1724 Rockingham Ave, Bowling Green, KY 42104
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Professional office space available for lease in Bowling Green, KY.
      933 Fields Dr, Bowling Green, KY 42104
      View Details
    • Contact for pricing

      Office and Flex Space Available

      Office and flex spaces available for rent.
      1945 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • Contact for pricing

      Office Condo Near Campbell Ln

      672 SF office condo with flexible layout options.
      1823 Mcintosh St, Bowling Green, KY 42104
      View Details

    Property Visit Statistics

    • Visits by month
      125.5k
    • Visitors by month
      65.9k
    • Avg Time on site
      24 min
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    Bowling Green, KY 42104-6331
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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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