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

    3570 Louisville Rd Bowling Green, KY 42101-7124

    • Outlet malls
    • 16,696 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0559800
    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

    • Marlin's Furniture / Rug Store / Rustic Furniture Store

    Property Details for 3570 Louisville Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.26 lot acres
    Property size
    16,696 SF
    Property type
    Outlet malls
    APN
    051A-04-001
    APU
    051A04001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $965,000
      Market price range: $966k - $2.46M
      AI Estimate
      $965,000
      Market price range: $966k - $2.46M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.3882
    Latitude
    37.0094
    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
    $4,288
    $0.00
    $0.00
    $500,000
    -
    $0.00
    $0.00
    $500,000

    Comparable in this City

    • Value Estimation
      $530,000
      3,600 SF

      2531 Russellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,600 SF
      2531 Russellville Rd, Bowling Green, KY 42101-3957
      View Details
    • Value Estimation
      $2,495,000
      29,103 SF

      660 Us 31st Byp

      WHOLESALE OUTLET, DISCOUNT STORE • 29,103 SF
      660 Us 31st Byp, Bowling Green, KY 42101-4910
      View Details
    • Value Estimation
      $2,185,000
      14,846 SF

      2380 Nashville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 14,846 SF
      2380 Nashville Rd, Bowling Green, KY 42101-4145
      View Details
    • Value Estimation by Request
      3,600 SF

      2537 Russellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,600 SF
      2537 Russellville Rd, Bowling Green, KY 42101-3957
      View Details
    • Value Estimation
      $1,040,000
      7,056 SF

      2223 Russellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,056 SF
      2223 Russellville Rd, Bowling Green, KY 42101-5024
      View Details
    • Value Estimation
      $2,310,000
      39,888 SF

      2520 Russellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 39,888 SF
      2520 Russellville Rd, Bowling Green, KY 42101-3925
      View Details

    Similar Nearby for Sale

    • $699,000
      0.97 Acres

      High-Traffic Commercial Property For Sale

      Adaptable commercial site on Louisville Rd with high visibility.
      2937 Louisville Rd, Bowling Green, KY 42101
      View Details
    • $975,000
      3,455 SF

      Bowling Green Mixed-Use Property

      0.8 acre lot with buildings, suitable for various business uses.
      327 W 6Th Ave, Bowling Green, KY 42101
      View Details
    • $450,000
      0.60 Acres

      Retail Building in Downtown Bowling

      Retail building on 0.6 acres in downtown Bowling Green.
      724 E 12Th Ave, Bowling Green, KY 42101
      View Details
    • $5,500,000
      6.16 Acres

      Bowling Green Trucking Facility

      Trucking facility on 6.16 acres with two buildings.
      237 N Graham 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
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    • $875,000
      0.54 Acres

      Established Restaurant Location For Sale

      Successful restaurant location with parking and recent remodeling.
      1026-1038 Chestnut St, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • 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
    • $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
    • New
      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
    • $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
    • $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
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    3570 Louisville Rd
    Bowling Green, KY 42101-7124
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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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