Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Clark Estates Title is generated by Realmo AI

    Spring Street, Tompkinsville, KY 42167

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Tompkinsville, KY

    Lot size:
    1.02 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    48
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for Spring Street

    General Information

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

    We can help!

    Listing Contact
    Sharon Proffitt

    Listing agent Sharon Proffitt License #176928

    Listing office Proffitt Real Estate Agency 105 E Second St., Tompkinsville, KY

    Listing date Apr 14, 2026

    MLS# SC47994 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

    • 1.02 acre lot, perfect for your dream home
    • Located in Clark Estates subdivision
    • Ideal for building a custom home
    • Location coordinates provided
    • Potential for good neighbors
    • Beautiful setting

    Overview

    This 1.02-acre lot is located in the Clark Estates subdivision in Tompkinsville, Kentucky. Situated in Monroe County, this property offers an opportunity to build a dream home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tompkinsville
    County
    Monroe
    State
    Kentucky
    Longitude
    -85.6815106
    Latitude
    36.6868416

    Nearby Similar for Sale

    • $675,000
      1,155 SF

      231-Acre Farm with Barndominium

      231-acre farm featuring a barndominium-style shop house.
      11597 Center Point Road, Tompkinsville, KY 42167
      View Details
    • $59,900

      Tompkinsville Vacant Land Opportunity

      1.7 acre corner lot suitable for development or dream home.
      715 Emberton St, Tompkinsville, KY 42167
      View Details
    • $24,900

      Tompkinsville Land with Fixer-Upper

      Corner lot with fixer-upper in city limits.
      Lo #2 715 Emberton St, Tompkinsville, KY 42167
      View Details
    • $14,900

      Partially Wooded Residential Land

      Residential land inside city limits with building potential.
      Lot #4 715 Emberton St, Tompkinsville, KY 42167
      View Details
    • $14,900

      Tompkinsville Vacant Land For Sale

      0.4259 acre lot in city limits with road frontage.
      Lot #3 715 Emberton St, Tompkinsville, KY 42167
      View Details
    • $19,500

      Residential Land in Tompkinsville, KY

      Building lot within city limits, utilities available.
      Lot #1 715 Emberton St, Tompkinsville, KY 42167
      View Details
    • $42,500

      Level Lot in Tompkinsville, KY

      Level lot with utilities, suitable for residential or commercial use.
      701 N Magnolia Street, Tompkinsville, KY 42167
      View Details
    • $2,350,000
      30,300 SF

      Modern Tompkinsville Industrial Facility

      30,300 SF industrial facility built in 2015 and 2021.
      252 Commerce Dr, Tompkinsville, KY
      View Details
    • $200,000

      Tompkinsville, KY Land For Sale

      19.4 acre land parcel in Tompkinsville, Kentucky.
      19 Ac Rockbridge School Road, Tompkinsville, KY 42167
      View Details
    • $15,000

      Residential Lot in Tompkinsville, KY

      Unrestricted 0.44-acre lot with utilities and septic tank.
      AC Rockbridge School Road, Tompkinsville, KY 42167
      View Details
    • $675,000
      1,155 SF

      231-Acre Farm & Recreational Property

      231-acre farm with shop house, timber, and recreational features.
      11597 Center Point Road, Tompkinsville, KY 42167
      View Details
    • $45,000

      Land on Cumberland River

      Land with direct access to the Cumberland River.
      Lot 21 The Bend At The Cumberland, Tompkinsville, KY 42167
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.02 acre lot perfect for building a dream home.
    Where is this residential land & home lot located?
    The property is located at Spring Street Tompkinsville, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.02 acre lot, perfect for your dream home; Located in Clark Estates subdivision; Ideal for building a custom home
    (270) 487-6104
    We can help!
    Listing Contact
    Sharon Proffitt
    Real Estate License ID: 176928
    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
    Spring Street, Tompkinsville, KY 42167
    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!