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    For Sale (20)

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    Premier Equestrian Facility on Acres
    $649,900
    7.63 Acres

    Premier Equestrian Facility on Acres

    Exceptional horse haven with optimal comfort and convenience on 7.63 acres.

    200 Thompson Rd, Rineyville, KY 40162
    View details
    Commercial Land in Little Rock
    $2,200,000
    2.03 Acres

    Commercial Land in Little Rock

    Flat, vacant commercial land with C-3 zoning in Little Rock.

    16912 Cantrell Rd, Little Rock, AR 72223
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    Residential Lot in Foxfire Cove
    $179,900
    0.66 Acres

    Residential Lot in Foxfire Cove

    0.665 acre lot near Freeman Lake, Elizabethtown.

    Driftwood Ln, Elizabethtown, KY 42701
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    Corner Lot in Little Rock
    $65,000
    0.16 Acres

    Corner Lot in Little Rock

    Residential land available in established Little Rock neighborhood.

    1501 Gaines St, Little Rock, AR 72206
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    Elizabethtown Commercial Building For Sale
    $625,000
    4,600 SF

    Elizabethtown Commercial Building For Sale

    Commercial building on 0.9 acres with showroom and warehousing space.

    6270 N Dixie Hwy, Elizabethtown, KY 42701
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    Established Auto Repair Business Opportunity
    $650,000
    1.00 Acre

    Established Auto Repair Business Opportunity

    Commercial property operating as an auto repair business since 2010.

    3273 S Dixie Hwy, Elizabethtown, KY 42701
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    Residential Lot in Little Rock
    $45,000
    0.56 Acres

    Residential Lot in Little Rock

    Vacant lot ready for new construction in established neighborhood.

    1508 Hillsborough Ln, Little Rock, AR 72212
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    Residential Corner Lot in Cecilia
    $54,999
    3.00 Acres

    Residential Corner Lot in Cecilia

    Three-acre corner lot suitable for a walkout basement.

    7611 Salt River Rd, Cecilia, KY 42724
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    Commercial Land Parcel in Business District
    $355,000
    0.72 Acres

    Commercial Land Parcel in Business District

    Build-ready commercial lot positioned for visibility from major roadways and surrounding local streets in Bardstown.

    Manor Ave, Bardstown, KY 40004
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    Rineyville Residential Land For Sale
    $69,000
    1.00 Acre

    Rineyville Residential Land For Sale

    One-acre residential lot in Rineyville, Kentucky, with black board fence.

    272 Thompson Rd, Rineyville, KY 40162
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    Eastview, KY - 1.5 Acre Lot
    $125,000
    1.50 Acres

    Eastview, KY - 1.5 Acre Lot

    1.5 acre building lot with 24x40 garage/shop building.

    1652 Webb Mill Rd, Eastview, KY 42732
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    6-Acre Residential Development Parcel
    $84,900
    6.00 Acres

    6-Acre Residential Development Parcel

    Six-acre parcel with an existing old farmhouse and assumed utilities, suited for residential development planning.

    345 Johnson Ln, Eastview, KY 42732
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    Residential Lot in Foxfire Cove
    $229,900
    0.84 Acres

    Residential Lot in Foxfire Cove

    0.84 acre lot to build your dream home.

    Driftwood Ln, Elizabethtown, KY 42701
    View details
    Divisible Development Land Tract
    $475,000
    5.00 Acres

    Divisible Development Land Tract

    A 5-acre development tract offered with the option to divide for multiple future uses.

    5343 S Dixie Hwy, Glendale, KY 42740
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    Development Land with US 62 Frontage
    $6,500,000
    92.00 Acres

    Development Land with US 62 Frontage

    Road-front development site with back-of-lot railroad access near local industry and interstate routes.

    9000 Leitchfield Rd, Cecilia, KY 42724
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    Eastview, KY Acreage with Barn
    $99,900
    7.52 Acres

    Eastview, KY Acreage with Barn

    7.52 acres with barn, utilities may be serviceable.

    223 Johnson Ln, Eastview, KY 42732
    View details
    LAND - Cecilia, KY
    $325,000
    15.35 Acres

    LAND - Cecilia, KY

    Land

    Cecilia Smiths Mill Rd, Cecilia, KY 42724
    View details
    Mount Sherman Commercial Opportunity
    $205,000
    1.14 Acres

    Mount Sherman Commercial Opportunity

    Multi-use commercial property on 1.14 acres with endless potential.

    7130 Greensburg Rd, Mount Sherman, KY 42764
    View details
    Residential Land with Dock Access
    $89,001
    2.70 Acres

    Residential Land with Dock Access

    2.7 acres with dock access in Clarkson, Kentucky.

    123456789 Ponderosa Dr, Clarkson, KY 42726
    View details
    Commercial Land For Sale
    $2,200,000

    Commercial Land For Sale

    Commercial land available for sale on Cantrell Road.

    16912 Cantrell Rd, Little Rock, AR 72223
    View details

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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
    Gold Star Realty
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