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

    724 College St, Unit 1 Bowling Green, KY 42101-2131

    • Retail space
    • 2,453 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    May 05, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0586090
    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

    • Retail space

    Property Details for 724 College St

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    2,453 SF
    Property type
    Retail space
    APN
    039A-07A-001
    APU
    039A07A001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4393
    Latitude
    36.9952
    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
    $1,107
    $0.00
    $0.00
    $330,000
    -
    $0.00
    $0.00
    $330,000

    Comparable in this City

    • Value Estimation by Request
      2,204 SF

      308 Old Morgantown Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,204 SF
      308 Old Morgantown Rd, Bowling Green, KY 42101-2840
      View Details
    • Value Estimation by Request
      3,784 SF

      604 Park St

      RETAIL STORES (PERSONAL SERVICES) • 3,784 SF
      604 Park St, Bowling Green, KY 42101-2343
      View Details
    • Value Estimation by Request
      1,200 SF

      7350 Russellville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      7350 Russellville Rd, Bowling Green, KY 42101-7322
      View Details
    • Value Estimation by Request
      4,911 SF

      204 Woodford Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,911 SF
      204 Woodford Ave, Bowling Green, KY 42101-2039
      View Details
    • Value Estimation by Request
      2,234 SF

      2380 Riv St

      RETAIL STORES (PERSONAL SERVICES) • 2,234 SF
      2380 Riv St, Bowling Green, KY 42101-7112
      View Details
    • Value Estimation by Request
      1,392 SF

      802 Old Morgantown Rd, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 1,392 SF
      802 Old Morgantown Rd, Bowling Green, KY 42101-2718
      View Details

    Similar Nearby for Sale

    • $699,000
      0.97 Acres

      High-Traffic Commercial Property For Sale

      Adaptable commercial site on Louisville Rd with high visibility.
      2937 Louisville Rd, Bowling Green, 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
    • $435,000
      1,500 SF

      Bowling Green Commercial Building For Sale

      1,500 sq ft commercial building with drive-through near WKU.
      1401 Adams St, Bowling Green, KY 42101
      View Details
    • $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
    • $875,000
      0.54 Acres

      Established Restaurant Location For Sale

      Successful restaurant location with parking and recent remodeling.
      1026-1038 Chestnut St, Bowling Green, KY 42101
      View Details
    • $5,500,000
      6.16 Acres

      Bowling Green Trucking Facility

      Trucking facility on 6.16 acres with two buildings.
      237 N Graham St, Bowling Green, KY 42101
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $25 SF/Yr
      6,020 SF

      Morgantown Road Retail Spaces

      Bowling Green, KY Retail Opportunity
      1391 Morgantown Rd, Bowling Green, KY 42101
      View Details
    • $7 SF/Yr
      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 Space in Bowling Green

      Retail space available in new development anchored by Publix.
      Dillard & Nashville Rd, Bowling Green, KY 42101
      View Details
    • $12 SF/Yr
      2,800 SF

      Office Space with Separate Entrance

      Office space available for rent with dedicated entrance and parking.
      813 College St, 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.
    724 College St, Unit 1
    Bowling Green, KY 42101-2131
    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.