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    600 Clay St Bowling Green, KY 42101

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    600 Clay St Bowling Green, KY 42101

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    • Commercial land
    For Sale
    $1,800,000
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    Bowling Green Industrial Opportunity Zone For Sale
    $1,800,000

    Bowling Green Industrial Opportunity Zone

    Prime commercial and industrial land in Bowling Green, Kentucky.

    600 Clay St, Bowling Green, KY 42101
    View Listing
    Property ID
    US34-0588404
    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

    • Commercial land

    Property Details for 600 Clay St

    Property type
    Commercial land
    Property subtype
    Industrial land

    Description

    Located in the vibrant city of Bowling Green, this property offers a prime investment opportunity. Located near the downtown area in the Opportunity Zone. Commercial and Industrial located in the immediate area. Explore the potential of this impressive property, boasting a Heavy Industrial zoning and and in the heart of Bowling Green. This property offers unparalleled opportunities for industrial development and expansion and is located in an Opportunity Zone. The Heavy Industrial zoning provides flexibility and scope for a range of industrial endeavors, making it an ideal choice for investors seeking to capitalize on the robust economic landscape of Bowling Green. Given the property's frontage on Veterans Memorial, the property also caters to Highway Business opportunities as well. Grocery, Fuel and Hardware sale restrictions shall apply upon sale.

    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
    -86.4430507
    Latitude
    37.0005356

    Comparable in this City

    • $600,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, zoned Heavy Industrial
      450 Scottys Way, Bowling Green, KY 42101
      View Details
    • $1,650,000
      10.00 Acres

      Prime Commercial/Industrial Development Opportunity

      Exceptional visibility, strategic location, ideal for commercial or industrial use.
      721 Plum Springs Loop, Bowling Green, KY 42101
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    • $1,467,750

      Industrial and Commercial Lots Available

      Strategically positioned near Transpark and I-65, Bowling Green, KY
      417 Scottys Way, Bowling Green, KY 42101
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    • $700,000

      Industrial and Commercial Lots Available

      Land strategically positioned near Transpark and I-65.
      799 Scottys Way, Bowling Green, KY 42101
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    • $500,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, zoned Heavy Industrial.
      491 Scottys Way, Bowling Green, KY 42101
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    • $1,495,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, Zoned Heavy Industrial/Highway Business
      212 Scottys Way, Bowling Green, KY 42101
      View Details

    Similar Nearby for Sale

    • $600,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, zoned Heavy Industrial
      450 Scottys Way, Bowling Green, KY 42101
      View Details
    • $1,650,000
      10.00 Acres

      Prime Commercial/Industrial Development Opportunity

      Exceptional visibility, strategic location, ideal for commercial or industrial use.
      721 Plum Springs Loop, Bowling Green, KY 42101
      View Details
    • $1,467,750

      Industrial and Commercial Lots Available

      Strategically positioned near Transpark and I-65, Bowling Green, KY
      417 Scottys Way, Bowling Green, KY 42101
      View Details
    • $700,000

      Industrial and Commercial Lots Available

      Land strategically positioned near Transpark and I-65.
      799 Scottys Way, Bowling Green, KY 42101
      View Details
    • $500,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, zoned Heavy Industrial.
      491 Scottys Way, Bowling Green, KY 42101
      View Details
    • $1,495,000

      Industrial and Commercial Lots Available

      Land near Transpark and I-65, Zoned Heavy Industrial/Highway Business
      212 Scottys Way, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      871,200 SF

      Industrial Land For Lease

      Up to 20 acres of heavy industrial land available.
      759 Hennessy Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Industrial Space on 9.22 Acres

      100,000 SF industrial space with expansion potential and proximity to I-65.
      370 High Rail Way, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Truck/Trailer Parking for Rent

      Gated truck/trailer parking with optional truck scale.
      595 Power St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Move-in Ready Warehouse for Lease

      High-traffic warehouse space available for immediate occupancy.
      1001 Adams St, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Bowling Green, KY.
      Prosperity Rd, Bowling Green, KY 42101
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    • Contact for pricing

      Versatile Business Park Space Available

      Adaptable commercial space suitable for storage or business operations.
      675 Hennessy Way, Bowling Green, KY 42101
      View Details
    View Listing
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    Bowling Green, KY 42101
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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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    600 Clay St, Bowling Green, KY, 42101

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