Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Otter Lake Neighborhood Title is generated by Realmo AI

    Otter Lake Loop - Lots 81 and 82, Hanson, KY 42431

    View on Map
    Claim this Listing
    Pending
    $38,000

    LAND - Hanson, KY

    Lot size:
    3.86 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    277
    Last Refresh:
    May 31 at 4:06 am

    Property Features for Otter Lake Loop - Lots 81 and 82

    General Information

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

    We can help!

    Listing Contact
    John Ross Martin

    Listing agent John Ross Martin License #300719

    Listing office BHG Realty BHG Realty - 3424 Frederica Street, Owensboro, KY

    Listing date Aug 28, 2025

    MLS# 92943 Listing URL

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

    HighLights

    • Rare opportunity to build in the desirable Otter Lake neighborhood.
    • One of only a few buildable lots remaining.
    • Multiple lots available from the same seller (up to 7).
    • Potential for homeowners, builders, or investors.
    • Opportunity to purchase multiple lots for increased potential.
    • Located in an established community.

    Overview

    This property presents a rare opportunity within the Otter Lake neighborhood, offering a chance to build a custom home in a sought-after location. This lot is one of seven available from the same seller. Five lots are available at Otter Lake Loop: Lot 90 is 2.11 acres, Lot 82 is 2.01 acres, Lot 81 is 1.85 acres, Lot 2 is 1.45 acres, and Lot 3 is 1.11 acres. This presents an opportunity for homeowners, builders, or investors to acquire land in this established community.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hanson
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.5054581
    Latitude
    37.406741

    Nearby Similar for Sale

    • $421,850

      Land on I-69, Hanson, KY

      Ideal location for apartment or condominium complex with utilities on-site.
      000 Kettle Lane, Hanson, KY 42413
      View Details
    • $159,900

      Commercial Land in Hanson, KY

      Commercial land with existing structures, conveniently located near amenities.
      7385 / 7395 Hanson Rd, Hanson, KY 42413
      View Details
    • $159,900

      Commercial Land in Hanson, KY

      Commercial land with existing structures in a prime location.
      7385/7395 Hanson Rd., Hanson, KY 42413
      View Details
    • $799,000

      Prime Commercial Land I-69 Access

      Commercial land with high visibility and access to I-69.
      000 Memorial Drive, Hanson, KY 42413
      View Details
    • $1,850,000

      Prime Commercial Land Opportunity

      14.49 acres of commercial land in Hanson, Kentucky.
      000 Millstone Way, Hanson, KY 42413
      View Details
    • $575,000
      4,095 SF

      Hanson, KY Farm with Pond

      12-acre farm with pond, barns, and recreational appeal near Hanson.
      7206 Island Ford Road, Hanson, KY 42413
      View Details
    • $325,000

      Land with Shop Building

      Land with shop building and home near Love's and Walmart.
      295 Veterans aka EastLawn Road, Hanson, KY 42413
      View Details
    • $500,000

      Commercial Land Near I-69

      9.08 acres of commercial land with road frontage.
      140 Eastlawn Drive, Hanson, KY 42413
      View Details
    • $39,900

      Residential Lot Near I-69

      Corner lot near shopping, restaurants, and I-69.
      Lot #6 Mill Street, Hanson, KY 42413
      View Details
    • $60,500

      Secluded Wooded Lot Near Town

      5.84 acre wooded lot offers privacy and convenience.
      0000 Stagecoach Rd, Hanson, KY 42413
      View Details
    • $39,900

      Residential Lot Near I-69

      0.29-acre corner lot near shopping and I-69.
      Lot #7 Mill Street, Hanson, KY 42413
      View Details
    • $29,900

      Residential Lots in Hanson, KY

      Ready-to-build residential lots with utilities and easy access.
      000 Kettle Lane, Hanson, KY 42413
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lots available in a desirable, established community.
    Where is this residential land & home lot located?
    The property is located at Otter Lake Loop - Lots 81 and 82 Hanson, KY.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: Rare opportunity to build in the desirable Otter Lake neighborhood.; One of only a few buildable lots remaining.; Multiple lots available from the same seller (up to 7).
    (270) 608-2412
    We can help!
    Listing Contact
    John Ross Martin
    Real Estate License ID: 300719
    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
    Otter Lake Loop - Lots 81 and 82, Hanson, KY 42431
    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!