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

    Overall Phillips Rd Elizabethtown, KY 42701

    View on Map
    Sponsored
    For Sale
    Under Contract
    $75,000

    Residential - Elizabethtown, KY

    Type:Single Family Residence
    Lot size:
    1.62 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 30 at 1:06 am

    Property Features for Overall Phillips Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active Under Contract
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    1.62 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Carmon
    Ashley Carmon

    HORNBACK REALTY

    Listing agent Ashley Carmon

    Listing date Mar 11, 2026

    MLS# HK2600469 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.

    Learn more

    Property Insight Report

    Overview

    Hardin County Building Lot

    This 1.62-acre building lot in Hardin County, KY, presents a prime opportunity to construct a custom home. The property has been perc-tested and approved for a 3–4 bedroom residence with a 10-foot rear walkout basement. The gently rolling, fully fenced lot features a sprawling, flat backyard suitable for outdoor entertaining, a pool, or a garden. Its topography enhances curb appeal and maximizes usable space. Located approximately one mile from the newly announced Ring Road expansion, the property offers convenient access to town, shopping, dining, and other amenities, while maintaining a tranquil country setting. This homesite is ideal for building a forever home or investing in a premium location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.867078272934
    Latitude
    37.647488903688

    Nearby Similar for Sale

    • $699,000
      3,200 SF

      New Commercial Shell Building

      3,200 sq ft commercial space ready for customization.
      125 Helmwood Plaza Dr, Elizabethtown, KY 42701
      View Details
    • New
      $349,000
      0.11 Acres

      Remodeled Commercial Property in Elizabethtown

      Rare, fully remodeled commercial property in downtown Elizabethtown, Kentucky.
      403 N Miles St, Elizabethtown, KY 42701
      View Details
    • $565,000
      3,164 SF

      Summit Creek Home with In-Law Suite

      Spacious home with in-law suite in Summit Creek.
      129 Highpoint Ct, Elizabethtown, KY 42701
      View Details
    • $999,900
      0.80 Acres

      Elizabethtown Commercial Investment Opportunity

      Income-producing commercial property with long-term tenants in a high-traffic area.
      907 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $799,900
      0.63 Acres

      Elizabethtown Multi-Tenant Office Investment

      Prime office complex with income and growth potential.
      326 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • New
      $510,000
      2,627 SF

      Charming Home in Summit Creek

      Inviting home with spacious layout in a desirable neighborhood.
      109 Gaston Cir, Elizabethtown, KY 42701
      View Details
    • $879,900
      4,837 SF

      Luxury Estate with Geothermal Efficiency

      Custom-built estate with geothermal efficiency, pool, and creek access.
      108 Rippling Brook Ct, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      827 SF

      High-Exposure Commercial Property, Elizabethtown

      Versatile commercial building on a 1-acre parcel with parking.
      2791 Shepherdsville Rd, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      1,965 SF

      High-Exposure Commercial Property, Elizabethtown

      Versatile commercial building at a busy Elizabethtown intersection.
      2791 Shepherdsville Rd, Elizabethtown, KY 42701
      View Details
    • New
      $579,900
      2,242 SF

      Remodeled Home with Inground Pool

      Remodeled 4-bedroom home with pool and custom features.
      509 Maple Crest Way, Elizabethtown, KY 42701
      View Details
    • New
      $499,500
      3,586 SF

      Spacious Home with Versatile Living

      Four-bedroom home with in-law suite potential in Elizabethtown, KY.
      417 Graceland Trl, Elizabethtown, KY 42701
      View Details
    • $795,000
      0.58 Acres

      Historical Downtown Elizabethtown Retail/Dining Property

      Historical property in downtown Elizabethtown, suitable for retail and dining.
      251 W Dixie Ave, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready homesite near Ring Road expansion in Hardin County.
    Where is this residential land & home lot located?
    The property is located at Overall Phillips Rd Elizabethtown, 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: - Perc-tested and approved building lot suitable for a 3-4 bedroom residence with a 10-foot rear walkout basement.; - Located approximately one mile from the future Ring Road expansion, offering convenient access to town, shopping, and dining.; - Gently rolling, fully fenced property with a sprawling, flat backyard suitable for outdoor activities.
    (270) 668-7997
    Request Owner's contact information
    Overall Phillips Rd Elizabethtown, KY 42701
    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.
    Overall Phillips Rd
    Elizabethtown, KY 42701
    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
    Overall Phillips Rd Elizabethtown, KY 42701
    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

    We can help!
    Listing Contact
    Ashley Carmon
    Ashley Carmon
    Real Estate License ID: 217753
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!