Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 31W Commercial Land Opportunity Title is generated by Realmo AI

    4215 N Dixie Highway, Bonnieville, KY 42713

    View on Map
    Claim this Listing
    Pending
    $75,000

    LAND - Bonnieville, KY

    Lot size:
    3.50 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    330
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 4215 N Dixie Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    3.50 Acres

    We can help!

    Listing Contact
    Alicia McClure

    Listing agent Alicia McClure License #245334

    Listing office Legacy Property Group 232 Main St., Munfordville, KY

    Listing date Jun 17, 2025

    MLS# SC46862 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.

    HighLights

    • Prime 3.5‑acre commercial property.
    • High‑visibility location with direct road frontage on Highway 31W.
    • Ideal for business, retail, or service location development.
    • Easy access along a heavily traveled corridor.
    • Priced to sell quickly.
    • Suitable for investors or entrepreneurs.

    Overview

    This 3.5-acre commercial property is located in a rural area and offers a high-visibility location with direct road frontage on Highway 31W. The property is suitable for commercial development, offering space to build a business, retail space, or service location along this heavily traveled corridor. It is being sold as-is and is located in Bonnieville, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonnieville
    County
    Hart
    State
    Kentucky
    Longitude
    -85.909795
    Latitude
    37.328709

    Nearby Similar for Sale

    • $578,700

      Bonnieville Land with Hunting Infrastructure

      111.29 acres in Hart County with recreational and residential potential.
      Lone Star Tower Road, Bonnieville, KY 42713
      View Details
    • $320,000

      Bonnieville Land Ideal for Recreation

      43.58 acres in Bonnieville, KY, perfect for recreation.
      4285 Bolton School Road, Bonnieville, KY 42713
      View Details
    • $109,999

      Bonnieville Land with Hunting Potential

      10.48 acre tract with build-ready site and hunting ground.
      1266 Campground Road, Bonnieville, KY 42713
      View Details
    • $424,900

      Bonnieville Acreage with Pond

      62.6-acre rural retreat with pond, electric, and timber.
      2327 Wright Lane, Bonnieville, KY 42713
      View Details
    • $239,950

      38 Acres in Hart County

      Versatile land tract with pasture, ponds, and development potential.
      6595 Hammonsville Road, Bonnieville, KY 42713-0000
      View Details
    • $285,000

      46 Acres of Wooded Land

      46 wooded acres in Hart County with road frontage.
      2208 Rocky Hill Road, Bonnieville, KY 42713
      View Details
    • $1,799,950

      Bonnieville Hunting & Recreational Farm

      438-acre farm ideal for hunting and recreation in Bonnieville, KY.
      1000 DAWSON HOLLOW N RD, Bonnieville, KY 42713-0000
      View Details
    • $15,000

      Land in Bonnieville, Kentucky

      0.899-acre lot off Highway 31W in Bonnieville, Kentucky.
      Bonn Drive, Bonnieville, KY 42713
      View Details
    • $185,000

      Bonnieville Acreage with Road Frontage

      30 acres near I-65, ideal for home or livestock.
      0 Locust Grove Road, Bonnieville, KY 42713
      View Details
    • $20,000

      Bonnieville, KY Rural Lot

      0.596 acre lot in Bonnieville, KY for homesite.
      Mt Vernon Road, Bonnieville, KY 42713
      View Details
    • $35,000

      Bonnieville Land For Sale

      4.5 acres in a peaceful, rural Kentucky setting.
      1018 Pine Ridge Road, Bonnieville, KY 42713
      View Details
    • $20,000

      Bonnieville, KY Acreage Homesite

      0.246 acre lot in Bonnieville, KY. Affordable rural opportunity!
      Catholic Hill Road, Bonnieville, KY 42713
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.5-acre commercial land with high visibility on Highway 31W.
    Where is this commercial land located?
    The property is located at 4215 N Dixie Highway Bonnieville, KY.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Prime 3.5‑acre commercial property.; High‑visibility location with direct road frontage on Highway 31W.; Ideal for business, retail, or service location development.
    (270) 218-8805
    We can help!
    Listing Contact
    Alicia McClure
    Real Estate License ID: 245334
    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

    Thank You for Inquiry
    4215 N Dixie Highway, Bonnieville, KY 42713
    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!