Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Cul-de-Sac Lot Title is generated by Realmo AI

    Honduras Court lot 8-3, Auburn, KY 42206

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Honduras Court lot 8-3, Auburn, KY
    For Sale
    $115,000

    LAND - Auburn, KY

    Lot size:
    4.13 Acres
    Added:
    May 13, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for Honduras Court lot 8-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.13 Acres

    We can help!

    Listing Contact
    Tony Huynh

    Listing agent Tony Huynh License #218508

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

    Listing date May 13, 2026

    MLS# RA20262796 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.

    HighLights

    • 4.13‑acre lot ready for a future home
    • Off a new road branching from Chandlers Road, at the end of a planned cul‑de‑sac
    • Lot 8‑3 offered individually; neighboring Lots 8‑2 (4.8 acres) and 8‑4 (4.7 acres) may be available with an acceptable offer

    Overview

    This offering is for Lot 8-3, a 4.13-acre residential land parcel ready for a future home. The property is presented as an individual lot, with surrounding acreage options available for buyers looking to increase total land area. (See photos.)

    The lot is accessed from a new road branching from Chandlers Road and is situated at the end of a planned cul-de-sac. The listing is in Auburn, Kentucky, in Logan County.

    For buyers seeking space to build, Lot 8-3 provides a standalone homesite on its own 4.13-acre tract. It may also work for buyers who want flexibility, since neighboring Lots 8-2 (4.8 acres) and 8-4 (4.7 acres) may be available with an acceptable offer for additional acreage. This layout can support a range of residential plans while keeping access centered on the cul-de-sac configuration.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Auburn
    County
    Logan
    State
    Kentucky
    Longitude
    -86.7102735
    Latitude
    36.8642088

    Nearby Similar for Sale

    • $567,500

      Remodeled Office Building in Auburn

      Professionally remodeled office building in downtown Auburn, Kentucky.
      218 W Main Street, Auburn, KY 42276
      View Details
    • $189,000

      Downtown Auburn Restaurant Opportunity

      Well-maintained restaurant in downtown Auburn, ready for operation.
      118 W Main Street, Auburn, KY 42206
      View Details
    • $2,152,500

      Agricultural Farmland Tract with Pond

      215-acre farmland tract enrolled in CRP, featuring gently rolling terrain and a scenic pond, with survey on file.
      Montgomery Road, Auburn, KY 42206
      View Details
    • $7,300,000

      500-Acre Farm in South Central KY

      Large, contiguous tract of highly productive land in South Central KY.
      3897 Plainview Church Road, Auburn, KY 42206
      View Details
    • $33,000

      Residential Building Lot in Auburn, KY

      1.5+/- acre building lot in a desirable location.
      Cemetery Road, Auburn, KY 42206
      View Details
    • $33,000

      Residential Building Lot in Auburn

      1.5-acre building lot in a desirable location near new homes.
      Cemetery Road, Auburn, KY 42206
      View Details
    • $20,000

      Residential Lot in Auburn, KY

      Building lot with utilities, short drive to Bowling Green.
      232 Peterson Avenue, Auburn, KY 42206
      View Details
    • $99,900

      Land Near Gasper River

      9.9 acres of land with river and road frontage.
      River Road, Auburn, KY 42206
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready residential lot at the end of a planned cul-de-sac, offering the option to expand with adjacent parcels.
    Where is this residential land & home lot located?
    The property is located at Honduras Court lot 8-3 Auburn, KY.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 4.13‑acre lot ready for a future home; Off a new road branching from Chandlers Road, at the end of a planned cul‑de‑sac; Lot 8‑3 offered individually; neighboring Lots 8‑2 (4.8 acres) and 8‑4 (4.7 acres) may be available with an acceptable offer
    (270) 257-4538
    We can help!
    Listing Contact
    Tony Huynh
    Real Estate License ID: 218508
    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
    Honduras Court lot: 8-3, Auburn, KY 42206
    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!