Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4223 Bowling Grn Rd Franklin, KY 42134-7617

    • Commercial real estate
    • 5,026 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Oct 20, 2020
    $162,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1442687
    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

    • Salmons General Baptist Church / Religious Institution
    • Thompson's Trading Post / Variety Store

    Property Details for 4223 Bowling Grn Rd

    Year built
    1941
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    5,026 SF
    Property type
    Commercial real estate
    APN
    034-01-00-018.00
    APU
    34010001800

    Description

    This exceptional 0.61-acre commercial land parcel presents a prime opportunity for business owners seeking high visibility and convenient access. Located at 4223 Bowling Green Road in Franklin, Kentucky, this property boasts a strategic position on Highway 31, the main thoroughfare connecting Bowling Green and Franklin. The address is 42134. Its location ensures significant traffic exposure, making it ideal for a wide range of commercial ventures. The asking price for this land is $397,000. The property is currently unimproved, offering a blank canvas for development tailored to specific business needs. This presents a unique chance to build a new structure or adapt the land to existing business operations. The site's size provides ample space for construction, parking, and potential expansion. Given its high-traffic location and competitive price point, this property represents a compelling investment opportunity in a thriving Kentucky market. The latitude and longitude coordinates are 36.7826407 and -86.5694563 respectively. The county is 21213. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land offers. Note that the existing business on the property is available for separate purchase, with all terms negotiable.

    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
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5694
    Latitude
    36.7827

    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
    $1,508
    $0.00
    $0.00
    $162,000
    -
    $0.00
    $0.00
    $162,000

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      814 Blackjack Rd

      COMMERCIAL (GENERAL) • 5,000 SF
      814 Blackjack Rd, Franklin, KY 42134-1062
      View Details
    • Value Estimation by Request
      4,000 SF

      823 Cedar St

      COMMERCIAL (GENERAL) • 4,000 SF
      823 Cedar St, Franklin, KY 42134-1207
      View Details
    • Value Estimation by Request
      5,704 SF

      203 Cedar St

      COMMERCIAL (GENERAL) • 5,704 SF
      203 Cedar St, Franklin, KY 42134-2125
      View Details
    • Value Estimation by Request
      1,722 SF

      Commerce St

      COMMERCIAL (GENERAL) • 1,722 SF
      Commerce St, Franklin, KY 42134
      View Details
    • Value Estimation by Request
      1,800 SF

      2086 Nashville Rd

      COMMERCIAL (GENERAL) • 1,800 SF
      2086 Nashville Rd, Franklin, KY 42134-6967
      View Details
    • Value Estimation by Request
      1,440 SF

      State Federal St

      COMMERCIAL (GENERAL) • 1,440 SF
      State Federal St, Franklin, KY 42134
      View Details

    Similar Nearby for Sale

    • $650,000
      0.72 Acres

      Franklin Main Street Commercial Property

      Prime Franklin location, multiple buildings, 0.72 acres.
      610 Main St, Franklin, KY 42134
      View Details
    • $384,900

      Franklin KY Commercial Land Opportunity

      Prime Franklin location, 10,018 sq ft lot.
      231 College St, Franklin, KY 42134
      View Details
    • $369,900
      1.25 Acres

      Franklin KY Commercial Lot

      1.25-Acre B2 Zoned Lot - $369,900
      5655 Nashville Rd, Franklin, KY 42134
      View Details
    • $1,800,000
      1,702 SF

      Franklin KY Investment Property

      Prime acreage near I-65, occupied farmhouse.
      3399 Nashville Rd, Franklin, KY 42134
      View Details
    • $215,000
      0.32 Acres

      Downtown Franklin Commercial Gem

      Historic Charm, Ideal Small Business
      300 Kentucky Ave, Franklin, KY 42134
      View Details
    • Contact for pricing
      29.00 Acres

      Franklin Place Commercial Land

      29 Acres, Prime KY Location, High Growth
      0 Nashville Rd, Franklin, KY 42134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,196 SF

      Franklin Retail Center - Main Street

      High-visibility retail space available.
      520 Main St, Franklin, KY 42134
      View Details
    • $90 SF/Yr
      240,323 SF

      Franklin KY Warehouse - 240,323 SF

      Large Kentucky warehouse space available.
      4720 Bowling Green Rd, Franklin, KY 42134
      View Details
    • Contact for pricing
      137,650 SF

      Prime Frankfort Commercial Land

      3.168 Acres, Planned Commercial
      0 Behind, Franklin, KY 42134
      View Details
    • Contact for pricing
      250,000 SF

      Franklin Warehouse with Ample Docking

      250,000 SF warehouse with office space for lease.
      81 Page Dr, Franklin, KY 42134
      View Details
    • $4,000 /Mo

      Medical Office Space Near Hospital

      Well-maintained medical office building near the hospital in Franklin, KY.
      201 Pleasant Valley Rd, Franklin, KY 42134
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4223 Bowling Grn Rd
    Franklin, KY 42134-7617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.