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    200 S Dixie Hwy Horse Cave, KY 42749

    Sponsored
    For Sale
    $180,000

    Commercial - Horse Cave, KY

    Lot size:
    0.46 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 24 at 5:06 am

    Property Features for 200 S Dixie Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    Finished, Office Space
    Exterior features
    Partial, Fence
    Fencing
    Fenced
    Lot size
    0.46 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1982
    Flooring type
    Concrete, Vinyl
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Beverly Flowers

    Legacy Property Group (270) 524-4663

    Listing agent Beverly Flowers (270) 524-4663 License #197448

    Listing date Feb 12, 2026

    MLS# SC47598 Listing URL

    Copyright © 2026 South Central 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

    Car Wash and Garage Facility

    This property features a versatile car wash and garage facility suitable for various automotive services. It includes a three-bay self-serve car wash with spacious bays and high ceilings to accommodate larger vehicles, including semi-trucks. Additionally, there is a two-bay mechanics garage equipped with lifts, providing ample space for both standard vehicles and larger trucks or equipment, making it ideal for repairs and maintenance. The property also features a functional office space with a viewing window overlooking the car wash, plus a half bath for convenience. Electrical systems include both three-phase and single-phase setups to support a wide range of machinery and equipment. Two natural gas-powered hot water heaters ensure a reliable hot water supply for both the car wash and garage operations. The property sits on a 0.467-acre lot, offering plenty of space for parking, expansion, or even car sales. Situated along major Highway 31W, the property benefits from high visibility and easy access, making it a prime location for customers. Its proximity to local factories adds to its appeal for workers and businesses in the area. This facility is ideal for an entrepreneur looking to start or expand an auto-related business, with ample room for growth and high traffic potential. The property is located in Horse Cave, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self service car ...

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Food Market Storage Facility Grocery & Convenience Store Discount Store Furniture & Home Goods Computer & Electronic Repair Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Horse Cave
    County
    Hart
    State
    Kentucky
    Longitude
    -85.9084529
    Latitude
    37.1770689

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    FAQs

    What type of property is this?
    Self service car wash - Versatile car wash and garage on 0.467-acre lot.
    Where is this self service car wash located?
    The property is located at 200 S Dixie Hwy Horse Cave, KY.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Prime location on major Highway 31W with high visibility and easy access, near local factories.; - Versatile facility with **3-bay self-serve car wash (high ceilings for semi trucks) and 2-bay mechanics garage with lifts.**; - Large .467-acre lot offering ample space for parking, expansion, or car sales.
    (270) 524-4663
    Request Owner's contact information
    200 S Dixie Hwy Horse Cave, KY 42749
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    Horse Cave, KY 42749
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    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
    200 S Dixie Hwy Horse Cave, KY 42749
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    We can help!
    Listing Contact
    Beverly Flowers
    Real Estate License ID: 197448
    (270) 524-4663 (270) 404-1161
    Learn more
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