Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    555 Modern Way Bowling Green, KY 42101-4002
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    555 Modern Way Bowling Green, KY 42101-4002

    View on Map
    • Outlet malls
    • 17,660 SF
    • 5.69 lot acres
    Off-Market
    Property ID
    US34-0505041
    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
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Modern Supply Company / Big Box & Wholesale Store / Building Supply

    Property Details for 555 Modern Way

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    5.69 lot acres
    Property size
    17,660 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    041B-46
    APU
    041B46

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,021,000
      Market price range: $1.02M - $2.60M
      AI Estimate
      $1,021,000
      Market price range: $1.02M - $2.60M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4842
    Latitude
    36.95
    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
    $8,146
    $0.00
    $0.00
    $950,000
    -
    $0.00
    $0.00
    $950,000

    Comparable in this City

    • Value Estimation by Request
      7,972 SF

      1500 Kenton St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,972 SF
      1500 Kenton St, Bowling Green, KY 42101-2924
      View Details
    • Value Estimation
      $12,395,000
      214,273 SF

      1201 Morgantown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 214,273 SF
      1201 Morgantown Rd, Bowling Green, KY 42101-9202
      View Details
    • Value Estimation
      $2,220,000
      38,334 SF

      107 Emmett Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 38,334 SF
      107 Emmett Ave, Bowling Green, KY 42101-3982
      View Details
    • Value Estimation
      $1,955,000
      13,277 SF

      1473 Kentucky St

      WHOLESALE OUTLET, DISCOUNT STORE • 13,277 SF
      1473 Kentucky St, Bowling Green, KY 42101-3421
      View Details
    • Value Estimation
      $1,495,000
      12,190 SF

      839 Us 31st Byp

      WHOLESALE OUTLET, DISCOUNT STORE • 12,190 SF
      839 Us 31st Byp, Bowling Green, KY 42101-2313
      View Details
    • 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

    Similar Nearby for Sale

    • $325,000
      1.00 Acre

      Hadley Store & Grill Opportunity

      Unique commercial property with store, restaurant, shop, and storage.
      12111 Morgantown Rd, Bowling Green, KY 42101
      View Details
    • $475,000
      5,130 SF

      Income-Producing Garage Units

      5 garage units, 100% occupied, generating $72,000 annually.
      243 Willoughby Ln, Bowling Green, KY 42101
      View Details
    • $16,959,788
      212.00 Acres

      Prime Commercial Land Opportunity

      212-acre mixed-use development site with excellent frontage and utilities.
      Louisville Rd, Plum Springs, KY 42101
      View Details
    • $1,500,000
      0.21 Acres

      Downtown Bowling Green Commercial Property

      Commercial property with office and retail spaces in downtown Bowling Green.
      310 E Main Ave, Bowling Green, KY 42101
      View Details
    • $349,900
      2,200 SF

      Bowling Green Commercial Building For Sale

      Commercial building near WKU campus with long-term tenant.
      1403 Adams 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
      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
    • Contact for pricing
      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
    • Contact for pricing

      Retail Spaces in WalMart Outparcel

      Retail spaces available in WalMart outparcel starting January 1, 2024.
      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
    • 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
    • Contact for pricing

      Bowling Green Commercial Space Available

      Office, industrial, and retail spaces available for rent.
      2575 Louisville Rd, 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.
    555 Modern Way
    Bowling Green, KY 42101-4002
    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.
    Sign Up Successful!
    You now have access to more from Realmo!