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    Property profile & analytics

    996 Main St Bowling Green, OH 43402

    • Grocery and convenience stores
    • 2,100 SF
    • 8.92 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    4.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US66-1163027
    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

    • Cardtronics ATM / Atm
    • Circle K / Atm / Gas Station

    Property Details for 996 Main St

    Year built
    1984
    Lot size
    8.92 lot acres
    Property size
    2,100 SF
    Property type
    Grocery and convenience stores
    APN
    B08-510-2504-01-010.000
    APU
    B08510250401010000

    Description

    This exceptional 6.83-acre wooded lot at 996 South Main Street in Bowling Green, Ohio, presents a unique opportunity for residential development. Located in Wood County, zip code 43402, the property's ideal location adjoins the Black Swamp Preserve, offering residents proximity to natural beauty and recreational opportunities. The asking price is $900,000. The property is currently designated as residential land and is being marketed as suitable for senior housing. Preliminary research suggests a possible R3 zoning classification, which could allow for up to 12 multi-family units per acre, significantly increasing development potential. This translates to a substantial number of potential residential units given the acreage. The property's fully wooded site provides a tranquil setting, while its convenient location offers easy access to the amenities and infrastructure of Bowling Green. Detailed property information and zoning verification are recommended before any development plans are finalized. This is a rare opportunity to acquire a large, well-located parcel of land with significant potential for a profitable residential development project in a desirable Ohio community. Interested parties should conduct their own due diligence to verify all information and zoning regulations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $148k - $369k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Wood
    State
    Ohio
    Longitude
    -83.6526
    Latitude
    41.361
    CBSA code
    45780
    CBSA name
    TOLEDO, OH 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
    $13,105
    $105,950
    $108,610
    $214,560
    -
    $302,700
    $310,300
    $613,000

    Comparable in this City

    • Value Estimation
      $295,000
      3,130 SF

      103 Prospect St

      CONVENIENCE STORE • 3,130 SF
      103 Prospect St, Bowling Green, OH 43402-2409
      View Details
    • Value Estimation
      $395,000
      3,506 SF

      1558 Wooster St

      CONVENIENCE STORE • 3,506 SF
      1558 Wooster St, Bowling Green, OH 43402-3338
      View Details
    • Value Estimation
      $295,000
      3,000 SF

      811 Haskins Rd

      CONVENIENCE STORE • 3,000 SF
      811 Haskins Rd, Bowling Green, OH 43402-1622
      View Details
    • Value Estimation
      $350,000
      7,704 SF

      893 Main St

      CONVENIENCE STORE • 7,704 SF
      893 Main St, Bowling Green, OH 43402-4602
      View Details
    • Value Estimation
      $310,000
      6,328 SF

      993 Main St

      CONVENIENCE STORE • 6,328 SF
      993 Main St, Bowling Green, OH 43402-4752
      View Details
    • Value Estimation
      $880,000
      75,972 SF

      1094 Main St

      GROCERY, SUPERMARKET • 75,972 SF
      1094 Main St, Bowling Green, OH 43402-1346
      View Details

    Similar Nearby for Sale

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      Bowling Green Development Land

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      Income-Producing Duplex in Prime Location

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      Land For Sale

      Land available for sale.
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      15 Acres of Farmland

      15-acre lot suitable for farmland or estate development.
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      Prime Commercial Land Opportunity

      0.85 acres with high visibility near Kroger and I-75.
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      Land Near Wood County Airport

      Commercial land near Wood County Airport and Bowling Green.
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Bowling Green Retail Space Available

      Retail space for lease in high-traffic Bowling Green plaza.
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      View Details
    • Contact for pricing
      8,321 SF

      High-Visibility Retail Space Available

      Retail space with excellent traffic exposure, available 4/1/25.
      1145 S Main St, Bowling Green, OH 43402
      View Details
    • $19 SF/Yr
      1,954 SF

      Retail Space in Prime Location

      Corner retail space near BGSU and major retailers.
      1107 S Main St, Bowling Green, OH 43402
      View Details
    • $7 SF/Yr
      75,000 SF

      Greenwood Center Office Suites

      Bowling Green, OH Executive Office Space
      1616 Wooster St, Bowling Green, OH 43402
      View Details
    • $12 SF/Yr
      5,460 SF

      Prime Bowling Green Retail Space

      Downtown Retail, 2,730 SF Available
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      View Details
    • Contact for pricing
      91,370 SF

      South Main Street Retail Center

      High-traffic retail space available
      1080 Main St, Bowling Green, OH 43402
      View Details
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    Bowling Green, OH 43402
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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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