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Property profile & analytics
OFF-MARKET Estimated value $760,000
Warehouses

550 Kelly Rd Bowling Green, KY 42101-9557

5,005 SF 1.91 ac lot Built 2007
Entity Owned 4-yr Hold Free & Clear
Property ID
US34-0554284
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,500-square-foot flex space property located at 550 Kelly Road in Bowling Green, Kentucky's North Warren submarket. The property consists of two buildings totaling 12,500 square feet on an 85,198-square-foot lot. The front building, constructed in 2007, offers approximately 1,600 square feet of first-floor office space, 1,400 square feet of second-floor office space, and 5,150 square feet of warehouse area. The rear building, a 5,750-square-foot steel structure, features seven drive-in doors, ideal for efficient loading and unloading. The property boasts a 16-18-foot ceiling height, providing ample vertical space for various industrial uses. The entire 12,500 square feet is currently vacant, presenting a blank canvas for a new tenant. The property is classified as Class C and is zoned HI, allowing for a wide range of industrial and flex-space activities. Surface parking is available. This property is situated in Warren County, Kentucky, with the address 550 Kelly Rd, Bowling Green, KY 42101. The property's strategic location within the thriving North Warren submarket offers excellent access to transportation routes and a strong workforce. This presents a rare opportunity to acquire a well-maintained, versatile industrial property in a desirable location. The property's size, features, and zoning make it an attractive option for businesses seeking efficient and flexible space.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2007
Construction STEEL FRAME
Total area 5,005 SF
Lot 1.91 ac (83,200 SF)
APN 062A-72-002
UPID US34-0554284
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$505k
Comparable Approach Comparable
$589k
Blend (final) Blend
$760k
Owner & transaction history
31w Holdings LLC · 4 yrs held
31w Holdings LLC
since 2022
Last sale
$1.0M
2 recorded transactions
2022
$1.0M
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $575,000 +45.7%
Auto repair, garage $540,000 +36.6%
Retail stores $530,000 +34.4%
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