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

    1234 West Park Dr Elizabethtown, KY 42701

    Sponsored
    For Sale
    $448,870

    Commercial - Elizabethtown, KY

    Lot size:
    13.75 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 30 at 11:06 am

    Property Features for 1234 West Park Dr

    General Information

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

    Utilities

    Water front features
    Creek

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Adam House

    Gold Star Realty (270) 765-3999

    Listing agent Adam House (270) 765-3999

    Listing date Jan 22, 2026

    MLS# HK2600284 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

    Overview

    Cleared Land Near Etown Sports

    This property features approximately 13.75 acres of cleared land. It is located near the Etown sports park, which attracts an estimated 165,000 people annually, benefiting local hotels and restaurants. Potential business opportunities include a pizza place, arcade, milkshake stand, or tavern catering to visitors of the sports park. The location is also suitable for hotels, campsites, a golf driving range, or go-carts. Given its proximity to several factories, the property could also serve as a factory or warehouse, with convenient access to Ring Road, I-65, Lincoln Parkway, Bluegrass Parkway, and Western KY Parkway. It is situated 15-20 minutes from the new SK Blue Oval and other new factories. The property's location in Hardin County, which is projected to experience significant population growth in the next five years, makes it a potentially suitable site for grocery stores and doctor's offices.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8955889
    Latitude
    37.6866025

    Nearby Similar for Sale

    • $879,900
      4,837 SF

      Luxury Estate with Geothermal Efficiency

      Custom-built estate with geothermal efficiency, pool, and creek access.
      108 Rippling Brook Ct, Elizabethtown, KY 42701
      View Details
    • $1,850,000
      1.70 Acres

      Elizabethtown Commercial Office Building

      Prime commercial office building in Elizabethtown, Kentucky, for sale.
      617 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $3,000,000
      1.00 Acre

      Elizabethtown Multi-Family Investment Opportunity

      20-unit apartment complex in Elizabethtown, Kentucky.
      623 Westport Rd, Elizabethtown, KY 42701
      View Details
    • $530,000
      2,627 SF

      Charming Elizabethtown Residential Farm

      Charming residence in a quiet neighborhood, close to local amenities.
      109 Gaston Cir, Elizabethtown, KY 42701
      View Details
    • $479,900
      2,544 SF

      Elizabethtown Residential Farm Ranch Property

      Beautifully crafted home in the heart of Elizabethtown near shopping.
      311 Calhoun St, Elizabethtown, KY 42701
      View Details
    • $799,900
      0.63 Acres

      Elizabethtown Multi-Tenant Office Investment

      Prime office complex with income and growth potential.
      326 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $650,000
      0.57 Acres

      Elizabethtown Commercial Property For Sale

      Unique commercial property with diverse income opportunities in Elizabethtown, KY.
      1308 Woodland Dr, Elizabethtown, KY 42701
      View Details
    • $314,900
      2,084 SF

      Turnkey Airbnb Investment Opportunity

      Fully furnished, income-producing Airbnb property in high-demand Elizabethtown market.
      114 Logan Ave, Elizabethtown, KY 42701
      View Details
    • $1,500,000
      1.16 Acres

      Elizabethtown Office Building For Sale

      Income-producing office building with diversified income streams and leasing flexibility.
      2608 Ring Rd, Elizabethtown, KY 42701
      View Details
    • $175,000
      0.15 Acres

      Mixed-Use Property with Commercial Garage

      Residential home with commercially-zoned garage, suitable for business or family.
      813 Hawkins Dr, Elizabethtown, KY 42701
      View Details
    • $429,900
      1,592 SF

      Elizabethtown Home Near Amenities

      Crafted home near shopping, dining, and entertainment with maintenance-free lawncare.
      313 Calhoun St, Elizabethtown, KY 42701
      View Details
    • $199,900
      1,428 SF

      Elizabethtown Home with Modern Updates

      Three-bedroom home with restored hardwood and modern updates in Elizabethtown.
      214 N Miles St, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.75 acres of cleared land near Etown sports park.
    Where is this commercial land located?
    The property is located at 1234 West Park Dr Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $448,870.
    What are key features of this property?
    This property features: - Prime location adjacent to Etown Sports Park, attracting approximately 165,000 visitors annually.; - High-potential commercial development site for businesses catering to sports park visitors.; - Excellent accessibility to major roadways.
    (270) 765-3999
    Request Owner's contact information
    1234 West Park Dr Elizabethtown, KY 42701
    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.
    1234 West Park Dr
    Elizabethtown, KY 42701
    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
    1234 West Park Dr Elizabethtown, KY 42701
    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
    Adam House
    (270) 765-3999
    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.