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

    800 3rd Spgs Rd Bowling Green, KY 42104-7653

    • Warehouses
    • 36,100 SF
    • 3.88 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0440976
    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

    • Warehouses

    Property Details for 800 3rd Spgs Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    3.88 lot acres
    Property size
    36,100 SF
    Property type
    Warehouses
    APN
    053A-07
    APU
    053A07

    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
    -86.4228
    Latitude
    36.9301
    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
      5,824 SF

      2494 Old Un Church Rd

      WAREHOUSE, STORAGE • 5,824 SF
      2494 Old Un Church Rd, Bowling Green, KY 42104-7420
      View Details
    • Value Estimation
      $1,105,000
      14,560 SF

      610 Cave Ml Rd

      WAREHOUSE, STORAGE • 14,560 SF
      610 Cave Ml Rd, Bowling Green, KY 42104-4682
      View Details
    • Value Estimation by Request
      7,500 SF

      551 Cal Batsel Rd

      WAREHOUSE, STORAGE • 7,500 SF
      551 Cal Batsel Rd, Bowling Green, KY 42104-8520
      View Details
    • Value Estimation by Request
      46,032 SF

      5449 Scottsville Rd

      MINI-WAREHOUSE, STORAGE • 46,032 SF
      5449 Scottsville Rd, Bowling Green, KY 42104-7906
      View Details
    • Value Estimation by Request
      3,150 SF

      1406 Magnolia St

      WAREHOUSE, STORAGE • 3,150 SF
      1406 Magnolia St, Bowling Green, KY 42104-3053
      View Details
    • Value Estimation by Request
      13,500 SF

      6124 Old Nashville Rd

      WAREHOUSE, STORAGE • 13,500 SF
      6124 Old Nashville Rd, Bowling Green, KY 42104-7540
      View Details

    Similar Nearby for Sale

    • $8,960,000
      4.40 Acres

      Multi-Family Investment Opportunity

      Multi-family property with storage units in Bowling Green, KY.
      344 Dye Ford Rd, Bowling Green, KY 42104
      View Details
    • $850,000
      2.50 Acres

      Light Industrial Land Opportunity

      2.5 acres of light industrial land in Bowling Green.
      1753 Richpond Rd, Bowling Green, KY 42104
      View Details
    • $1,600,000
      3.54 Acres

      Scottsville Road Commercial Land

      3.54 Acres, High-Traffic Location, Income Producing
      5440 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • $2,500,000
      197.80 Acres

      Prime KY Farmland Near I-65

      197.8 Acres, Abundant Wildlife, Development Potential
      920 Graves Rd, Bowling Green, KY 42104
      View Details
    • $449,900
      3.09 Acres

      Residential Land in Growing Area

      Prime residential development site in Alvaton, Kentucky.
      Wilson Rd, Alvaton, KY 42104
      View Details
    • $299,999
      13.87 Acres

      Residential Land in Bowling Green

      13.87 acres of residential land, perfect for building a home.
      214 Beckner Way, Bowling Green, KY 42104
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      13,000 SF

      Warehouse with Interstate Frontage

      Warehouse with fenced lot, lighting, and interstate access.
      421 Greenwood Ln, Bowling Green, KY 42104
      View Details
    • $23 SF/Yr
      4,936 SF

      Prime Bowling Green Office Space

      Class A Office Suites, Bowling Green, KY
      1945 Scottsville Rd, Bowling Green, KY 42104
      View Details
    • Contact for pricing
      3,360 SF

      Bowling Green Flex Space For Lease

      Modern Flex Space, High Visibility, I-65 Access
      475 Three Springs Rd, Bowling Green, KY 42104
      View Details
    • Contact for pricing

      Prime Bowling Green Retail Space

      High-traffic retail space available for lease.
      1440 Campbell Ln, Bowling Green, KY 42104
      View Details
    • $14 SF/Yr
      1,450 SF

      Bowling Green Office Space Available

      Office space for rent, near Bowling Green Senior High.
      1724 Rockingham Ave, Bowling Green, KY 42104
      View Details
    • Contact for pricing
      11,360 SF

      Bowling Green Retail Space Available

      11,360 SF retail space in high-traffic Bowling Green location.
      1865 Campbell Ln, Bowling Green, KY 42104
      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.
    800 3rd Spgs Rd
    Bowling Green, KY 42104-7653
    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.