Add Listing
    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

    280 Terrell Lane Barbourville, KY 40906

    View on Map
    Claim this Listing
    For Sale
    $295,000

    LAND - Barbourville, KY

    Lot size:
    3.16 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    272
    Last Refresh:
    Apr 13 at 7:06 am

    Property Features for 280 Terrell Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9,129.00
    Lot size
    3.16 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Thomas Lockard

    Listing agent Thomas Lockard License #246060

    Listing office Creative Realty & Auction Co. 304 Cumberland Ave., Barbourville, KY

    Listing date Jul 16, 2025

    MLS# 25015573 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Barbourville Land with Home

    This 3.16 acre tract of land is located on a corner lot just off of 25E in Barbourville, Kentucky. Situated in proximity to other commercial properties, the site is also located near the health department and a hospital. The property includes a brick ranch-style home with three bedrooms and one full bathroom.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Barbourville
    County
    Knox
    State
    Kentucky
    Longitude
    -83.867859
    Latitude
    36.855224

    Nearby Similar for Sale

    • $220,000
      2,800 SF

      Barbourville Commercial Building For Sale

      Commercial building in city limits with ample parking.
      317 Cumberland Avenue, Barbourville, KY 40906
      View Details
    • $799,000
      11,400 SF

      Barbourville Multifamily Investment Portfolio

      Fully rented 10-unit portfolio with income upside in Barbourville, KY.
      57 Martins Way, Barbourville, KY 40906
      View Details
    • $29,900

      Residential Lot in Stephen Trace

      0.427-acre lot, ready for your dream home.
      Stephen Trace Road lot: 142, Barbourville, KY 40906
      View Details
    • $39,900

      Residential Lot in Stephen Trace

      Level, cleared lot suitable for single-family home construction.
      Stephen Trace Road lot: 33, Barbourville, KY 40906
      View Details
    • $96,000
      4,892 SF

      Historic Barbourville Commercial Building For Sale

      Three-story historic building in downtown Barbourville, offering mixed-use potential.
      222 Knox Street, Barbourville, KY 40906
      View Details
    • $25,000

      Residential Lot in The Meadows

      0.23 acre lot with city sewer access.
      Lot #14 Meadows Trail, Barbourville, KY 40906
      View Details
    • $25,000

      Residential Lot in Barbourville, KY

      0.23 acre surveyed lot with city sewer access.
      Lot #11 Meadows Trail, Barbourville, KY 40906
      View Details
    • $129,000

      Unrestricted Land Near Cumberland River

      54 acres of unrestricted land near Cumberland River.
      5380 S KY-11, Barbourville, KY 40906
      View Details
    • $10,000

      Residential Land in Barbourville, KY

      Residential land for sale in Barbourville, Kentucky.
      Lot #13 Meadow Trail, Barbourville, KY 40906
      View Details
    • $84,280

      Barbourville Land For Sale

      15 acre land in Barbourville, Kentucky.
      4768 KY 1809, Barbourville, KY 40906
      View Details
    • $247,000

      189 Acres of Unimproved Land

      Unimproved 189-acre tract near Barbourville and London, Kentucky.
      999 HWY 1803 Billies Br, Barbourville, KY 40906
      View Details
    • $475,000

      43-Pad Mobile Home Park

      Mobile home park on 3.87 acres in Barbourville, Kentucky.
      102 Jackson St, Barbourville, KY 40906
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.16 acre corner lot near commercial properties and hospital.
    Where is this commercial land located?
    The property is located at 280 Terrell Lane Barbourville, KY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 3 Acres +/- corner lot location; Proximity to commercial properties; Close to health department and hospital
    (606) 545-5711
    We can help!
    Listing Contact
    Thomas Lockard
    Real Estate License ID: 246060
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!