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

    303 Ironwood Circle Paris, KY 40361

    View on Map
    For Sale
    $71,900

    LAND - Paris, KY

    Lot size:
    0.47 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 303 Ironwood Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    018-40-01-028.00
    Lot size
    0.47 Acres

    We can help!

    Listing Contact
    Taylor Peoples
    Taylor Peoples

    Listing agent Taylor Peoples

    Listing office Oak & Acre 206 A Winchester St, Paris, KY

    Listing date Sep 24, 2025

    MLS# 25502086

    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

    Residential Lot in Golf Community

    This 0.46-acre lot is located in the Houston Oaks Golf Course community in Paris, Kentucky. Situated on a quiet circle, the property offers views and access to golf, dining, and other amenities within Houston Oaks. This lot provides an opportunity for residential construction in Bourbon County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Bourbon
    State
    Kentucky
    Longitude
    -84.290194
    Latitude
    38.180104

    Nearby Similar for Sale

    • $319,000
      3,494 SF

      Historic Mercantile Building in Paris, KY

      Updated historic building with open floor plan and modern amenities.
      723 Main Street, Paris, KY 40361
      View Details
    • $2,000,000
      12,000 SF

      Paris, KY Commercial Land

      47-acre former country club with development potential in Paris, KY.
      38 E Main Street, Paris, KY 40361
      View Details
    • $422,500

      Paris Pike Land Opportunity

      12.135 acres of land near Lexington and Paris, Kentucky.
      5420 Lexington Road, Paris, KY 40361
      View Details
    • $750,000
      3,066 SF

      Paris, KY Mixed-Use Property

      Highly visible mixed-use property with retail and apartment spaces.
      5761 Lexington Road, Paris, KY 40361
      View Details
    • $495,000
      7,683 SF

      Paris, KY Income Property

      Four-unit income property with renovation and historic details.
      805 - 811 Main Street unit: 805 / 807 / 809 / 811, Paris, KY 40361
      View Details
    • $269,000
      5,629 SF

      Historic Morris Building in Paris

      Circa 1860 building with office and apartment spaces.
      214-216 Main Street, Paris, KY 40361
      View Details
    • $215,000
      2,728 SF

      Paris, KY Triplex Investment

      Well-maintained triplex in downtown Paris, Kentucky with strong rental income.
      512 High Street, Paris, KY 40361
      View Details
    • $395,000

      Kentucky Farmland with Pasture Fields

      39.71 acres of unrestricted land in Paris, Kentucky.
      250 Rockridge Road, Paris, KY 40361
      View Details
    • $49,900

      Residential Lot in Houston Oaks

      Residential lot available in the Houston Oaks neighborhood.
      165 Cross Creek Drive, Paris, KY 40361
      View Details
    • $8

      Paris Village Shopping Center For Sale

      120,784 SF shopping center anchored by Save-A-Lot Grocery.
      2000-2236 Paris By-Pass, Paris, KY 40361
      View Details
    • $920,000
      8,800 SF

      Paris, KY Townhome Apartments

      Eight-unit townhome-style apartment complex in Paris, Kentucky.
      117 Bradford Dr, Paris, KY 40361
      View Details
    • $3,055,000
      3,726 SF

      Fast Pace Health Investment Opportunity

      NNN leased Fast Pace Health in Paris, KY for sale.
      200 Letton Dr, Paris, KY 40361
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.46-acre lot in Houston Oaks Golf Course community.
    Where is this residential land & home lot located?
    The property is located at 303 Ironwood Circle Paris, KY.
    What is the asking price?
    The asking price for this property is $71,900.
    What are key features of this property?
    This property features: Located in the highly desirable Houston Oaks Golf Course community.; 0.46‑acre lot provides ample space to build a custom home.; Offers stunning views and a serene atmosphere.
    (859) 588-5306
    We can help!
    Listing Contact
    Taylor Peoples
    Taylor Peoples
    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!