Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Commercial Shell Building Title is generated by Realmo AI

    125 Helmwood Plaza Drive, Elizabethtown, KY 42701

    View on Map
    Claim this Listing
    For Sale
    $699,000

    Commercial - Elizabethtown, KY

    Property size:
    3,200 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $218/SF
    Added:
    Feb 24, 2026
    Days on Market:
    91
    Last Refresh:
    May 26 at 9:06 am

    Property Features for 125 Helmwood Plaza Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    17
    Standard status
    Active
    Size
    3,200 SF
    Lot size
    0.62 Acres

    Building Details

    Year built
    2024
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Harris
    Ryan Harris

    Listing agent Ryan Harris

    Listing office RE/MAX PREMIER PROPERTIES LLC 10605 Shelbyville Road, Louisville, KY

    Listing date Feb 24, 2026

    MLS# HK2600690 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

    • Brand‑new 3,200 sq ft commercial shell building allows for full customization.
    • Prime location in established professional corridor with high visibility and steady traffic.
    • Ideal for medical, office, retail, or professional use.
    • Less than half a mile from Baptist Health Hardin.
    • Modern exterior design and ample parking.
    • New construction in a high‑demand area.

    Overview

    This is a new 3,200 sq ft commercial shell building located in Elizabethtown. The property offers potential for designing and building the space to specific needs. Delivered as a true shell with no existing electric or plumbing, it is suited for medical, office, retail, or professional use seeking a customized layout. The location is in an established professional corridor, surrounded by doctors’ offices, restaurants, retail stores, and a nearby strip center, providing visibility and traffic. The property is less than half a mile from Baptist Health Hardin, making it attractive for medical or healthcare-related users. The property has a modern exterior design, ample parking, and accessibility. The lot size is 0.62 acres.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $392.8K
    NOI $35,353 @ 9.00% cap · cautious / downside scenario
    Moderate
    $505.0K
    NOI $35,353 @ 7.00% cap · market / base-case scenario
    Aggressive
    $707.1K
    NOI $35,353 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $52.6k $16.44
    − Vacancy −$2.1k −$0.66
    EGI $50.5k $15.78
    − OpEx −$15.2k −$4.73
    NOI $35.4k $11.05
    3,200 SF · lease $16.44/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $505.0K
    $441.9K – $589.2K (±1% cap)
    NOI $35,353 @ 7.0% cap · market cap 5.06%
    Second Best
    Healthcare Medical
    $479.9K
    $419.9K – $559.8K (±1% cap)
    NOI $33,590 @ 7.0% cap · market cap 4.81%
    Theoretical Best
    Office A
    $579.3K
    $506.9K – $675.8K (±1% cap)
    NOI $40,550 @ 7.0% cap · market cap 5.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8701832
    Latitude
    37.7084034

    Nearby Similar for Sale

    • $650,000

      Established Auto Repair Business Opportunity

      Commercial property operating as an auto repair business since 2010.
      3273 S Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      1,965 SF

      High-Exposure Commercial Property, Elizabethtown

      Versatile commercial building at a busy Elizabethtown intersection.
      2791 Shepherdsville Road, Elizabethtown, KY 42701
      View Details
    • $625,000

      Elizabethtown Commercial Building For Sale

      Commercial building on 0.9 acres with showroom and warehousing space.
      6270 N Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $545,000
      3,164 SF

      Residential Home with In-Law Suite

      Spacious home with in-law suite in Summit Creek.
      129 Highpoint Court, Elizabethtown, KY 42701
      View Details
    • $349,000

      Remodeled Commercial Property in Elizabethtown

      Rare, fully remodeled commercial property in downtown Elizabethtown, Kentucky.
      403 N Miles Street, Elizabethtown, KY 42701
      View Details
    • $1,249,099

      High-Exposure Commercial Property, Elizabethtown

      Versatile commercial building on a 1-acre parcel with parking.
      2791 Shepherdsville Road, Elizabethtown, KY 42701
      View Details
    • $999,900

      Elizabethtown Commercial Investment Opportunity

      Income-producing commercial property with long-term tenants in a high-traffic area.
      907 N Mulberry Street, Elizabethtown, KY 42701
      View Details
    • $799,900

      Elizabethtown Multi-Tenant Office Investment

      Prime office complex with income and growth potential.
      326 N Mulberry Street, Elizabethtown, KY 42701
      View Details
    • $490,000
      2,627 SF

      Charming Home in Summit Creek

      Distinctive residence in a desirable Elizabethtown neighborhood.
      109 Gaston Circle, Elizabethtown, KY 42701
      View Details
    • $485,000
      2,644 SF

      Residential Brick Home in Elizabethtown

      Well-maintained Elizabethtown home with four bedrooms and three bathrooms.
      396 Beasley Boulevard, Elizabethtown, KY 42701
      View Details
    • $309,000
      2,081 SF

      Updated Ranch in Elizabethtown Highlands

      Updated brick ranch in the desirable Highlands area of Elizabethtown.
      605 Pike Street, Elizabethtown, KY 42701
      View Details
    • $380,000
      2,054 SF

      Residential Farm on Corner Lot

      Charming 4-bedroom home with new roof, pool, and outbuilding.
      20 Oxmoor Drive, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,200 sq ft commercial space ready for customization.
    Where is this retail space located?
    The property is located at 125 Helmwood Plaza Drive Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Brand‑new 3,200 sq ft commercial shell building allows for full customization.; Prime location in established professional corridor with high visibility and steady traffic.; Ideal for medical, office, retail, or professional use.
    (270) 723-4626
    We can help!
    Listing Contact
    Ryan Harris
    Ryan Harris
    Real Estate License ID: 243184
    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
    125 Helmwood Plaza Drive, Elizabethtown, KY 42701
    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!