Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 70 Commercial Lot Title is generated by Realmo AI

    1061 Elkhorn Road, Campbellsville, KY 42718

    View on Map
    Claim this Listing
    For Sale
    $245,000

    Commercial - Campbellsville, KY

    Lot size:
    1.50 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    145
    Last Refresh:
    May 12 at 8:06 pm

    Property Features for 1061 Elkhorn Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.50 Acres

    Building Details

    Year built
    1950
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Erica Nunn

    Listing agent Erica Nunn

    Listing office RENEE DOBSON REALTY GROUP, LLC 110 E Main Street, Campbellsville, KY

    Listing date Dec 18, 2025

    MLS# HK25002504 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.

    HighLights

    • Prime 1.5‑acre commercial lot on Highway 70 with high traffic volume.
    • Located near Smith Ridge Lake, a popular tourist destination.
    • B‑Commercial zoning allows for a wide range of business ventures.
    • Ample road frontage provides excellent visibility and signage opportunities.
    • Utilities are available on‑site.
    • Corner lot across from Dollar Store.

    Overview

    This 1.5-acre commercial lot is located directly on Highway 70, minutes from Smith Ridge Lake. The property is positioned across from the Dollar Store and benefits from high daily traffic volume. The corner lot offers excellent visibility and ample road frontage for signage and access. Utilities are available on site. An existing vacant home, recently cleaned out, is located on the property and could be renovated or removed. The property is zoned B-Commercial and is located on a major route to Smith Ridge Lake, making it popular with locals and tourists. This property is suitable for a wide range of business ventures, including retail, dining, and service-based operations, as well as investment development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Campbellsville
    County
    Taylor
    State
    Kentucky
    Longitude
    -85.3288263
    Latitude
    37.3318797

    Nearby Similar for Sale

    • $729,900

      Prime Commercial Lot on Broadway

      High-visibility commercial lot with existing building and ample parking.
      711 E Broadway Street, Campbellsville, KY 42718
      View Details
    • $649,900

      Prime Commercial Land in Campbellsville

      Commercial land with road frontage in the heart of Kentucky.
      624 E Broadway Street, Campbellsville, KY 42718
      View Details
    • $189,000

      Commercial Building in Downtown Campbellsville

      Commercial building in downtown Campbellsville, KY with open floor plan.
      112 W Main St, Campbellsville, KY 42718
      View Details
    • $650,000

      Kentucky Commercial Property in Industrial Park

      Commercial property in Kentucky's thriving industrial park with showroom.
      600 Water Tower By-Pass, Campbellsville, KY 42718
      View Details
    • $499,900

      Prime Corner Lot on Highway

      Exceptional corner lot with high visibility on Highway 55.
      1850 New Columbia Road, Campbellsville, KY 42718
      View Details
    • $473,400
      2,000 SF

      Kentucky Farm with Creek Frontage

      Income-producing farm with abundant wildlife and creek frontage.
      4604 Summersville Road, Campbellsville, KY 42718
      View Details
    • $280,000
      4,000 SF

      Modern Storage Facility with Expansion Potential

      New climate-controlled storage facility on 1.74 acres near Campbellsville.
      59 Eastport Road, Campbellsville, KY 42718
      View Details
    • $155,000

      Campbellsville Commercial Lot For Sale

      High-traffic lot near bourbon rickhouse development in Campbellsville, KY.
      4689 New Columbia Road, Campbellsville, KY 42718
      View Details
    • $499,900

      Versatile Acreage in Campbellsville, Kentucky

      11-acre property suitable for business or residential development.
      New Columbia Road, Campbellsville, KY 42718
      View Details
    • $209,000

      Versatile Acreage in Taylor County

      8.22 acres suitable for development, farming, or recreation.
      3225 Greensburg Road, Campbellsville, KY 42718
      View Details
    • $650,950

      Versatile Acreage in Campbellsville, Kentucky

      9.63-acre property suitable for commercial or residential development.
      New Columbia Road, Campbellsville, KY 42718
      View Details
    • $575,000

      Campbellsville Hunting Paradise Farm

      120-acre farm, ideal for deer and turkey hunters.
      923 Price Hill Spur Road, Campbellsville, KY 42718
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 1.5-acre commercial lot on Highway 70.
    Where is this commercial land located?
    The property is located at 1061 Elkhorn Road Campbellsville, KY.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Prime 1.5‑acre commercial lot on Highway 70 with high traffic volume.; Located near Smith Ridge Lake, a popular tourist destination.; B‑Commercial zoning allows for a wide range of business ventures.
    (270) 849-8889
    We can help!
    Listing Contact
    Erica Nunn
    Learn More
    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.
    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

    Thank You for Inquiry
    1061 Elkhorn Road, Campbellsville, KY 42718
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!