12425 HWY 431, Utica, KY 42376
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 12425 HWY 431
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 10.00 Acres
Utilities
- Water front features
- Lake
- Water front
- 1
Listing agent Johnna Tharp License #240612 (270) 499-4113
Listing office BHG Realty BHG Realty - 3424 Frederica Street, Owensboro, KY (270) 240-1501
Listing date Jun 18, 2026
Copyright © 2026 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10‑acre tract with a scenic 1‑acre lake (Lake waterfront feature)
- 30x40 shop with concrete floors and plumbing already in place for a half bath
- Commercial‑grade entry with a driveway already established
- Approved building sites plus septic site approval for future development
- Conditional use permit in place for a campground and agri‑business
Overview
Located at 12425 HWY 431 in Utica, Kentucky, the site includes a commercial-grade entry with a driveway already established. A conditional use permit for campground and agri-business is already in place, which can help streamline certain types of future operating scenarios depending on project specifics.
The combination of an existing utility-ready shop, lake acreage, and pre-approval items (building sites and septic) makes this property practical for buyers looking to develop on-site improvements and pursue uses that align with the campground and agri-business conditional use permit. Prospective buyers and tenants can evaluate how the approved development components and existing structure fit their planned layout and operating model.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $20.04 |
| − Vacancy | −$1.7k | −$1.40 |
| EGI | $22.4k | $18.64 |
| − OpEx | −$7.8k | −$6.52 |
| NOI | $14.5k | $12.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Daviess
- State
- Kentucky
- Longitude
- -87.1130521
- Latitude
- 37.6022699
