Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Interstate Dr Bowling Green, KY 42101-7100

    • Motels
    • 35,616 SF
    • 3.43 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2021
    $2,100,000
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    8.9%
    Motels
    Location Intelligence
    Property ID
    US34-0345781
    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.

    Current Use by Public Records

    • SureStay By Best Western Bowling Green North / Hotel

    Property Details for 700 Interstate Dr

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    3.43 lot acres
    Property size
    35,616 SF
    Property type
    Motels
    APN
    050C-62
    APU
    050C62

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,495,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,185,000
      WAREHOUSE, STORAGE
      $2,815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.3723
    Latitude
    37.0086
    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
    $18,008
    $0.00
    $0.00
    $2,100,000
    -
    $0.00
    $0.00
    $2,100,000

    Comparable in this City

    • Value Estimation by Request
      8,068 SF

      1310 Us 31st Byp

      MOTEL • 8,068 SF
      1310 Us 31st Byp, Bowling Green, KY 42101-2560
      View Details
    • Value Estimation by Request
      9,824 SF

      802 Us 31st Byp

      MOTEL • 9,824 SF
      802 Us 31st Byp, Bowling Green, KY 42101-2314
      View Details
    • Value Estimation by Request
      14,460 SF

      312 Morgantown Rd

      MOTEL • 14,460 SF
      312 Morgantown Rd, Bowling Green, KY 42101-3526
      View Details
    • Value Estimation by Request
      18,345 SF

      760 Interstate Dr

      MOTEL • 18,345 SF
      760 Interstate Dr, Bowling Green, KY 42101-7100
      View Details
    • Value Estimation by Request
      12,158 SF

      1540 Riv St

      MOTEL • 12,158 SF
      1540 Riv St, Bowling Green, KY 42101-1721
      View Details
    • Value Estimation by Request
      13,023 SF

      518 Corvette Dr

      HOTEL • 13,023 SF
      518 Corvette Dr, Bowling Green, KY 42101-7132
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.12 Acres

      High Street Development Opportunity

      Prime 1.12-acre lot, PUD zoning.
      644 High St, Bowling Green, KY 42101
      View Details
    • $16,959,788

      Louisville Road Commercial Land

      212 Acres, Prime KY Location
      0 Louisville Rd, Bowling Green, KY 42101
      View Details
    • $2,500,000
      16.40 Acres

      Prime Industrial Land, Bowling Green, KY

      16-Acre Industrial Site near I-65
      233 Sunnyside-Gotts Rd, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Lee Pointe Apartments: Value-Add Opportunity

      72-Unit Apartment Complex, 8% Cap Rate
      1225 Lee Dr, Bowling Green, KY 42101
      View Details
    • Contact for pricing

      Industrial Land Near Transpark

      Industrial land for sale near Transpark, I-65, and GM.
      Kelly Ct, Bowling Green, KY 42101
      View Details
    • $555,000
      4,280 SF

      Turnkey Workshop Near Highway

      4,280 SF workshop on 0.42 acres near US 68/80.
      2725 Pioneer Dr, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      8,100 SF

      Industrial Building with Fenced Yard

      Industrial building featuring a large, fenced yard and dock.
      140 Ambassador Dr, Bowling Green, KY 42101
      View Details
    • $15 SF/Yr
      3,000 SF

      Medical/Dental Office Space Available

      Endcap shell space near retail, restaurant, and office spaces.
      727 Us 31W Byp, Bowling Green, KY 42101
      View Details
    • $6 SF/Yr
      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
    • $30 SF/Yr
      4,368 SF

      Prime Retail Space on US 31W

      Retail space with drive-thrus near Medical Center and I-65.
      651 Us 31W Byp, Bowling Green, KY 42101
      View Details
    • $52,083

      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
    • $5 SF/Yr
      100,000 SF

      High Rail Way Distribution Center

      100,000 SF Warehouse in Bowling Green, KY
      370 High Rail Way, 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.
    700 Interstate Dr
    Bowling Green, KY 42101-7100
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.