Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    91.7-Acre Parcel Near Blue Oval Plant Title is generated by Realmo AI

    5929 New Glendale Road, Glendale, KY 42740

    View on Map
    Claim this Listing
    Picture of Commercial land at 5929 New Glendale Road, Glendale, KY
    For Sale
    $6,419,280

    Commercial - Glendale, KY

    Lot size:
    91.70 Acres
    Added:
    Mar 3, 2023
    Days on Market:
    1180
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 5929 New Glendale Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    91.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Pawley

    Listing agent John Pawley

    Listing office BAUMGARDNER & ASSOCIATES P. O. Box 721, Elizabethtown, KY

    Listing date Mar 3, 2023

    MLS# HK23000662 Listing URL

    Copyright © 2026 Heart of 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

    • 91.704‑acre parcel of land close to the new Blue Oval Ford Energy Storage Battery Plant.
    • Boasting over 3,000' frontage on New Glendale Road.
    • Sewer available within 400' of the south property line.
    • Potential for multi‑family, commercial, industrial, or mixed‑use development with zoning change.
    • Property adjoins the CSX Railroad.
    • Gentle topography.

    Overview

    This 91.704-acre parcel of land is located in Glendale, Kentucky, in close proximity to the new Blue Oval Ford Energy Storage Battery Plant. The property features over 3,000 feet of frontage on New Glendale Road. Sewer access is available within 400 feet of the south property line. The property adjoins the CSX Railroad and has gentle topography. An electric line easement is present, primarily located along the railroad at the rear of the property. A small flood zone area exists on Tracts 1 & 2. The seller prefers to sell as one whole tract. With a zoning change, the property could be suitable for multi-family, commercial, industrial, or a mixed-use planned development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Department Store Food Market Grocery & Convenience Store Discount Store Cafe & Coffee Shop Furniture & Home Goods Clothing & Fashion Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9042948
    Latitude
    37.609095

    Nearby Similar for Sale

    • $375,000

      Profitable Antique Store in Glendale

      Turnkey antique store in a growing Kentucky corridor.
      104 E Railroad Avenue, Glendale, KY 42740
      View Details
    • $319,000

      Glendale Kentucky Multi-Family Property

      Duplex in Glendale, KY, ideal for investors.
      295/297 Palmetto Loop, Glendale, KY 42740
      View Details
    • $325,000
      2,240 SF

      Glendale Brick Ranch with Updates

      Updated brick ranch with full basement and large yard.
      5526 S Dixie Highway, Glendale, KY 42740
      View Details
    • $475,000

      Glendale Commercial Development Opportunity

      5 acre commercial land tract in Glendale, Kentucky.
      5343 S Dixie Highway, Glendale, KY 42740
      View Details
    • $1,700,000

      Glendale, KY Commercial Land

      15.34 acres of commercial land in Glendale, Kentucky.
      New Glendale Road, Glendale, KY 42740
      View Details
    • $60,000

      Land For Sale, Glendale, KY

      Land available for sale in Glendale, Kentucky.
      6736 S Dixie Highway, Glendale, KY 42740
      View Details
    • $2,616,000

      Glendale Commercial Land For Sale

      6.44 acre commercial land near new I-65 interchange.
      6855 S Dixie Highway, Glendale, KY 42740
      View Details
    • $2,200,000

      Glendale Residential Land Opportunity

      Residential land with road frontage in prime location.
      6667 S Dixie Highway, Glendale, KY 42740
      View Details
    • $6,419,280

      91.7-Acre Land Parcel in Glendale, KY

      91.7-acre land parcel near Blue Oval Ford SK Battery Park.
      5929 New Glendale Road, Glendale, KY 42740
      View Details
    • $1,300,000

      Glendale KY Commercial Land Opportunity

      Four acres of commercial land near BlueOval SK Battery Park.
      801 Glendale Hodgenville Rd W, Glendale, KY, 42740-9703
      View Details
    • Contact for pricing

      Commercial Land Near Glendale MegaSite

      Prime commercial land with high visibility and growth potential.
      6855 South Dixie Highway, Glendale, KY 42740
      View Details
    • $425,000

      Downtown Glendale Specialty Property ForSale

      Specialty property in downtown Glendale, near BlueOval SK Battery plant.
      104 E Railroad Avenue, Glendale, KY, 42740
      View Details

    FAQs

    What type of property is this?
    Commercial land - 91.7-acre parcel near Blue Oval Ford Energy Storage Battery Plant.
    Where is this commercial land located?
    The property is located at 5929 New Glendale Road Glendale, KY.
    What is the asking price?
    The asking price for this property is $6,419,280.
    What are key features of this property?
    This property features: 91.704‑acre parcel of land close to the new Blue Oval Ford Energy Storage Battery Plant.; Boasting over 3,000' frontage on New Glendale Road.; Sewer available within 400' of the south property line.
    (270) 234-6108
    We can help!
    Listing Contact
    John Pawley
    Real Estate License ID: 193289
    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
    5929 New Glendale Road, Glendale, KY 42740
    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!