Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    487 Central Ave Bowling Green, KY 42101-7564
    Back to Search
    Property profile & analytics

    487 Central Ave, Bowling Green, KY 42101-7564

    View on Map
    • Distribution centers
    • 1,421,383 SF
    • 97.81 lot acres
    Off-Market
    Last Sale Jun 18, 2020
    $1,500,826
    Property ID
    US34-0744208
    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

    • Henkel Warehouse/ Sun Products/DHSTruck Entrance / Warehouse & Storage
    • G us DHL / Warehouse & Storage
    • Cemetery / Cemetery

    Property Details for 487 Central Ave

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    97.81 lot acres
    Property type
    Distribution centers
    APN
    030A-59
    APU
    030A59

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2020 $1,500,826 Bg Fee Owner Ky LLC Bowling Green Area Economic Dev Aut Special Warranty Deed —

    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
    -86.5129
    Latitude
    36.9338
    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
    $275,601
    $0.00
    $0.00
    $32,140,000
    -
    $0.00
    $0.00
    $32,140,000

    Comparable in this City

    • Value Estimation by Request
      5,280 SF

      2533 Russellville Rd

      DISTRIBUTION WAREHOUSE
      2533 Russellville Rd, Bowling Green, KY 42101-3957
      View Details
    • Value Estimation by Request
      4,640 SF

      141 Dishman Ln

      DISTRIBUTION WAREHOUSE
      141 Dishman Ln, Bowling Green, KY 42101-4003
      View Details
    • Value Estimation
      $31,750,000
      260,800 SF

      4811 Nashville Rd

      DISTRIBUTION WAREHOUSE
      4811 Nashville Rd, Bowling Green, KY 42101-7544
      View Details
    • Value Estimation by Request
      6,344 SF

      134 Ambassador Dr

      DISTRIBUTION WAREHOUSE
      134 Ambassador Dr, Bowling Green, KY 42101-5373
      View Details
    • Value Estimation
      $2,485,000
      22,205 SF

      150 Turner Ct

      DISTRIBUTION WAREHOUSE
      150 Turner Ct, Bowling Green, KY 42101-5319
      View Details
    • Value Estimation
      $1,205,000
      38,795 SF

      930 Gordon Ave

      DISTRIBUTION WAREHOUSE
      930 Gordon Ave, Bowling Green, KY 42101-5172
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Modern Industrial Facility on 33.9 Acres

      Expandable 245,000 SF industrial facility in growing logistics hub.
      496 Central Ave, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      47,774 SF

      Bowling Green Industrial/Warehouse Opportunity

      47,774 SF industrial/warehouse property in Bowling Green, KY for sale.
      323 Mitch Mcconnell Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      47,774 SF

      Industrial Building in Bowling Green

      47,774 SF industrial building in Bowling Green, KY.
      323 Mitch Mcconnell Way, Bowling Green, KY 42101
      View Details
    • $9,200,000

      Bowling Green Industrial Opportunity

      100,000 sq ft industrial/warehouse facility in Sterling Business Park.
      7115 Russellville Rd, 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
    • $2,899,000
      1.69 Acres

      New Storage Units For Sale

      New storage units in Bowling Green, Kentucky, off I-65.
      121 Corvette Dr, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,000 SF

      Warehouse Distribution Facility For Rent

      Multi-tenant warehouse in South Central Kentucky Industrial Park.
      250 Mitch Mcconnell Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      302,295 SF

      Warehouse Space with Rail Access

      302,295 SF warehouse with excellent I-65 and rail access.
      225 Mitch Mcconnell Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing
      12,000 SF

      Heated Warehouse Space For Rent

      80,000 SF heated warehouse with enclosed dock and service yard.
      900 Church St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Conditioned Warehouse Space For Lease

      25,000-125,000 SF warehouse with office, near I-65.
      759 Hennessy Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Industrial Warehouse with Loading Dock

      Light industrial warehouse featuring a loading dock and high ceilings.
      316 Dishman Lane Ext, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Versatile Light Industrial Warehouse Space

      Adaptable warehouse space with docks, drive-ins, and office areas.
      112 Thomas Ct, Bowling Green, KY 42101
      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.
    487 Central Ave
    Bowling Green, KY 42101-7564
    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

    Thank You for Inquiry
    487 Central Ave, Bowling Green, KY, 42101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!