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

    920 Graves Rd Bowling Green, KY 42104

    • Commercial real estate
    • 197.80 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0913274
    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

    • Commercial real estate

    Property Details for 920 Graves Rd

    Lot size
    197.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 197.8-acre agricultural property in Simpson County, Kentucky, presents a unique investment opportunity. Located just one mile from Interstate 65, near the Kentucky/Tennessee state line and conveniently situated in Bowling Green, KY, this land boasts a captivating blend of open pastures and wooded areas. The property's diverse landscape offers ample potential for various uses, including farming, hunting, and fishing. Abundant wildlife, including deer and turkey, call this land home, adding to its recreational appeal. The tranquil setting is further enhanced by the presence of Drake's Creek. Beyond its agricultural and recreational potential, this expansive tract also holds significant promise for residential development, given its prime location and accessibility. The asking price for this remarkable property is $2,500,000. The address is 920 Graves Rd, Bowling Green, KY 42104. This is a rare chance to acquire a substantial piece of Kentucky farmland with exceptional versatility and proximity to major transportation routes. Don't miss this opportunity to own a piece of this beautiful and productive landscape.

    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
    Simpson
    State
    Kentucky
    Longitude
    -86.451621
    Latitude
    36.804432

    Comparable in this City

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      13 Acres Farmland with Barns

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      Residential Farm with Fenced Backyard

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      Barren River Ranch Recreational Paradise

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    • $320,000
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      Gently Sloping Acres in Kentucky

      24 acres ideal for building, hobby farm, or retreat.
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    • $399,900
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      Residential Farm with Fenced Backyard

      Four-bedroom home with open floor plan and fenced backyard.
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    • $875,000
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      Luxury Home with Pool

      5-bed, 3-bath home with pool and outdoor entertaining space.
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    Similar Nearby for Sale

    • $324,500
      13.00 Acres

      13 Acres Farmland with Barns

      13-acre farmland with barns in a sought-after school district.
      3 Plano Rd, Bowling Green, KY 42104
      View Details
    • $399,900
      2,335 SF

      Residential Farm with Fenced Backyard

      Four-bedroom home with open floor plan and fenced backyard.
      858 Star Ave, Bowling Green, KY 42104
      View Details
    • $320,000
      24.00 Acres

      Gently Sloping Acres in Kentucky

      24 acres ideal for building, hobby farm, or retreat.
      Henson Rd, Bowling Green, KY 42104
      View Details
    • $399,900
      2,335 SF

      Residential Farm with Fenced Backyard

      Four-bedroom home with open floor plan and fenced backyard.
      858 Star Ave, Bowling Green, KY 42104
      View Details
    • $875,000
      3,781 SF

      Luxury Home with Pool

      5-bed, 3-bath home with pool and outdoor entertaining space.
      82 Pikes Peak Way, Bowling Green, KY 42104
      View Details
    • $4,500,000
      1,588 SF

      Barren River Ranch Recreational Paradise

      561.87 acre hunting and recreational paradise with river frontage.
      1345 Jenkins Rd, Bowling Green, KY 42104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      Land Available For Lease

      Land available for lease or build to suit.
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    • $10 SF/Yr
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      Warehouse with Interstate Frontage

      Warehouse with fenced lot, lighting, and interstate access.
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    • $650 /Mo
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      Bowling Green Commercial Office Space

      Commercial office space for lease in Bowling Green, Kentucky.
      290 Cal Batsel Rd, Bowling Green, KY 42104
      View Details
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    920 Graves Rd
    Bowling Green, KY 42104
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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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