Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    10 Cecil Ave Cecilia, KY 42724

    Sponsored
    For Sale
    Under Contract
    Contact for pricing

    Auction - Cecilia, KY

    Lot size:
    17.94 Acres
    Days on Market:
    87
    Last Refresh:
    Jan 22 at 2:06 am

    Property Features for 10 Cecil Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    17.94 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bobby Dobson
    Bobby Dobson

    Platinum Plus Realty (270) 982-5555 [email protected]

    Listing agent Bobby Dobson (270) 982-5555

    Listing date Oct 28, 2025

    MLS# HK25004334 Listing URL

    Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cecilia, KY Open Lot Auction

    This 17.94-acre open lot, identified as Lot 10, features 304 feet of road frontage on Cecil Avenue and 935 feet of frontage along the Louisville Railroad. The property is located between the Hardin County Industrial Foundation on the east side and the Cecilia Ball Park on the west side. The property will be offered as a whole and in tracts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cecilia
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9558485
    Latitude
    37.6669704

    Nearby Similar for Sale

    • New
      $819,900
      2,974 SF

      Private Recreational Farm with Golf Green

      58-acre Cecilia, KY farm with custom home and recreational amenities.
      1096 Eastview Rd, Cecilia, KY 42724
      View Details
    • $659,900
      2,610 SF

      Kentucky Farm with Custom-Built Home

      Private 45.3-acre sanctuary with a meticulously maintained 2,610 sq ft home.
      1020 Yates Chapel Rd, Cecilia, KY 42724
      View Details
    • $299,900
      1,440 SF

      Ranch Home in Hollywood Ranch

      Well-maintained 3-bedroom ranch on 0.69-acre lot in Cecilia, KY.
      596 Rodeo Dr, Cecilia, KY 42724
      View Details
    • $219,995
      1,141 SF

      Renovated Country Home on Acreage

      Cozy, renovated home on 4.4 acres with detached garage.
      6962 Hardinsburg Rd, Cecilia, KY 42724
      View Details
    • $1,250,000
      40.22 Acres

      40-Acre Kentucky Farmland Tract

      40-acre tract with creek, woods, and large barn.
      Bethlehem Academy Rd, Cecilia, KY 42724
      View Details
    • $550,000
      1.70 Acres

      Cecilia Commercial Trio: Prime Location

      Three Buildings, 1.7 Acres, High Potential
      305 Hardinsburg Rd, Cecilia, KY 42724
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17.94 acre open lot with road and railroad frontage.
    Where is this commercial land located?
    The property is located at 10 Cecil Ave Cecilia, KY.
    What are key features of this property?
    This property features: - Large 17.94 acre open lot.; - 304 feet of road frontage on Cecil Ave.; - 935 feet of frontage on the Louisville Railroad.
    (270) 735-2241
    Request Owner's contact information
    10 Cecil Ave Cecilia, KY 42724
    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.
    10 Cecil Ave
    Cecilia, KY 42724
    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
    10 Cecil Ave Cecilia, KY 42724
    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

    We can help!
    Listing Contact
    Bobby Dobson
    Bobby Dobson
    Real Estate License ID: 201577
    (270) 735-2241
    Learn more
    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.