Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    303 Nicklaus Avenue Glasgow, KY 42141

    View on Map
    Claim this Listing
    For Sale
    $46,000

    Residential - Glasgow, KY

    Type:Single Family Residence
    Lot size:
    0.27 Acres
    Added:
    Aug 26, 2024
    Days on Market:
    611
    Last Refresh:
    Apr 28 at 11:06 am

    Property Features for 303 Nicklaus Avenue

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    78-15a
    Lot size
    0.27 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wayne Howard
    Wayne Howard

    Listing agent Wayne Howard

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Aug 26, 2024

    MLS# RA20244594 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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 Land in Glasgow, KY

    Located in Glasgow, Kentucky, this residential land offers an opportunity to build a dream home or expand an investment portfolio. The property is part of a new subdivision, with over 80 lots available in Phase 1. Phase 2 is also in development. The lot size is approximately 0.27 acres. Additional lots are available including lots 8, 63, 66-70, 82-86, 27-30, 45-47 and 50-55.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9570321
    Latitude
    37.0508215

    Nearby Similar for Sale

    • $389,120

      Automotive Shop on Reynolds Road

      4,854 sq ft commercial property, currently a diesel automotive shop.
      321 Reynolds Road, Glasgow, KY 42141
      View Details
    • $400,000

      Operating Service Station on Green Street

      Established service station with fuel and automotive service business.
      1304 South Green Street, Glasgow, KY 42141
      View Details
    • $599,000
      3,313 SF

      Residential Farm with Custom-Built Estate

      Luxury estate on 9.63 acres with outbuildings and pool.
      62 Oscar Gilpin Road, Glasgow, KY 42141
      View Details
    • $479,000
      2,375 SF

      Residential Farm with Sprawling Acreage

      9.27 acres, spacious home, convenient location near downtown Glasgow.
      4315 Roseville Road, Glasgow, KY 42141
      View Details
    • $600,000

      Premium Commercial Building with Living

      Commercial building with office, living space, gym, and parking.
      109 E Main Street, Glasgow, KY 42141
      View Details
    • $399,000

      Glasgow, KY Multi-Family Investment

      Turn-key, four-unit multi-family property in Glasgow, Kentucky.
      105 Lakeview Drive, Glasgow, KY 42141
      View Details
    • $315,000
      1,736 SF

      Residential Farm with Creek Views

      Charming 3-bedroom home on 4.78 acres with creek.
      6531 Burkesville Road, Glasgow, KY 42141
      View Details
    • $795,000

      Versatile Land with Two Buildings

      4-acre property with two buildings, ideal for business use.
      910 Finney Road, Glasgow, KY 42141
      View Details
    • $94,400

      Glasgow, KY Acreage For Sale

      Commercial land for sale near hospital and doctor's offices.
      Tract 6 Physicians Boulevard, Glasgow, KY 42141
      View Details
    • $86,400

      9.6 Acres in Glasgow, KY

      9.6 acres of land in a convenient Glasgow location.
      0 New Salem Road, Glasgow, KY 42141
      View Details
    • $400,000

      Prime Commercial Location in Glasgow

      Two-acre commercial lot in front of Royal Troon subdivision.
      0 Happy Valley Road, Glasgow, KY 42141
      View Details
    • $109,000

      Glasgow Commercial Lot For Sale

      One acre commercial lot in Glasgow, Kentucky, for sale.
      2900 New Bowling Green Road, Glasgow, KY 42141
      View Details

    FAQs

    What type of property is this?
    Land - Residential lots available for building a dream home or investment.
    Where is this land located?
    The property is located at 303 Nicklaus Avenue Glasgow, KY.
    What is the asking price?
    The asking price for this property is $46,000.
    What are key features of this property?
    This property features: New subdivision in Glasgow.; Over 80 lots available in Phase 1.; Opportunity to build a dream home.
    (270) 782-1811
    We can help!
    Listing Contact
    Wayne Howard
    Wayne Howard
    Real Estate License ID: 198364
    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!