Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6309 Russellville Rd Bowling Green, KY 42104

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6309 Russellville Rd Bowling Green, KY 42104

    View on Map
    • Commercial real estate
    For Sale
    $3,850,200
    View Listing →
    Prime Highway Business Parcel For Sale
    $3,850,200

    Prime Highway Business Parcel

    Site-ready commercial land with excellent frontage and great visibility.

    6309 Russellville Road, Lot 6, Bowling Green, KY 42101
    View Listing
    Property ID
    US34-2315915
    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

    • Sterling Business Park / Warehouse & Storage

    Property Details for 6309 Russellville Rd

    Property type
    Commercial real estate

    Description

    This exceptional 6.9-acre vacant land parcel presents a remarkable investment opportunity in Bowling Green, KY's thriving Sterling Business Park. Located on Russellville Road, this site boasts excellent frontage and high visibility, offering unparalleled accessibility via the Southwest Parkway Connector and I-165. The property is situated within the 185-acre Sterling Business Park, a master-planned development featuring a mix of residential, business, and industrial zones. Complete with curbs, gutters, sidewalks, streetlights, and utilities, this site is ready for immediate development. Its strategic location within Bowling Green, Kentucky's fastest-growing city, ensures strong potential for future appreciation. The property is easily accessible, located 1.2 miles from the I-165 interchange. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The seller is willing to divide the lot, offering flexibility for various development needs. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly expanding market. Additional lots are available. Asking price is $3,850,200.

    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
    -86.5266753
    Latitude
    36.9425658

    Comparable in this City

    • $1,250,000
      1.54 Acres

      Bowling Green Commercial Investment Opportunity

      Commercial land for sale in Bowling Green, Kentucky.
      2339 Fox Rdg Ct, Bowling Green, KY 42101
      View Details
    • $2,100,000
      3.70 Acres

      Commercial Land on Russellville Road

      3.7 acres of commercial land for sale.
      2636 Russellville Rd, Bowling Green, KY 42101
      View Details
    • $619,900
      0.99 Acres

      Commercial Land Near South Warren

      99 acre commercial lot near South Warren with highway zoning.
      7949 Nashville Rd, Bowling Green, KY 42101
      View Details
    • $32,900
      0.76 Acres

      Residential Lot in Bowling Green

      0.76 acre residential lot, utilities available, recently surveyed.
      22 Cedar Springs Dr, Bowling Green, KY 42101
      View Details
    • $35,000
      1.99 Acres

      Bowling Green Residential Building Lot

      1.99 acre residential building lot in Bowling Green, Kentucky.
      Hwy 185, Bowling Green, KY 42101
      View Details
    • $3,300,000
      24.45 Acres

      Prime Land in Business Corridor

      24.45 acres with 1340 feet of frontage on Russellville Road.
      Russellville Rd, Bowling Green, KY 42101
      View Details

    Similar Nearby for Sale

    • $49,000
      1.69 Acres

      Rural Building Lot Near Bowling Green

      1.69 acre building lot near Bowling Green, Kentucky.
      16-2 Penns Chapel Rd, Bowling Green, KY 42101
      View Details
    • $70,000
      1.53 Acres

      Land in Southern Warren County

      1.53 acre corner lot in South Warren School District.
      Woodburn Allen Springs Rd, Bowling Green, KY 42101
      View Details
    • $2,600,000
      61.66 Acres

      Residential Development Opportunity in Alvaton

      Land planned for 157 single-family lots in growing area.
      Scottsville Rd, Alvaton, KY 42101
      View Details
    • $569,900
      0.26 Acres

      Prime Commercial Land Opportunity

      Three lots totaling 0.26 acres in Bowling Green, KY.
      538 College St, Bowling Green, KY 42101
      View Details
    • $625,000
      26.45 Acres

      26.45 Acre Development Opportunity

      26.45 acres near I-65, ideal for development or investment.
      Del Rio Rd, Bowling Green, KY 42101
      View Details
    • $459,900
      0.62 Acres

      Prime Land in Bowling Green

      High-visibility land in Bowling Green's prestigious commercial district.
      874 E 11Th Ave, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for rent in Bowling Green, Kentucky.
      1633 U.S 31 Byp W, Bowling Green, KY 42101
      View Details
    • $333 /Mo

      Land Available For Lease

      Land available for lease or build to suit.
      160 Flex Park Dr, 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

      Land Available For Lease

      Land available for lease or build to suit.
      Flex Park Dr, Bowling Green, KY 42101
      View Details
    • 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
    • $24,000
      248,292 SF

      Prime I-65 Commercial Land Lot

      5.7-acre commercial lot, high visibility.
      0 Bowling Grn Ky, Bowling Green, KY 42101
      View Details
    View Listing
    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.
    6309 Russellville Rd
    Bowling Green, KY 42104
    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!