Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Russellville, KY Multifamily Development Opportunity Title is generated by Realmo AI

    0 Terry Wilcutt Highway, Russellville, KY 42276

    View on Map
    Claim this Listing
    For Sale
    $99,900

    Acreage - Russellville, KY

    Lot size:
    2.00 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    456
    Last Refresh:
    May 9 at 7:06 am

    Property Features for 0 Terry Wilcutt Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    068-00-00-003-02
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carla Anderson
    Carla Anderson

    Listing agent Carla Anderson License #206431

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

    Listing date Feb 7, 2025

    MLS# RA20250687 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

    • Zoned B3 for Multi‑Family Development: Ideal for apartments, townhouses, and duplexes.
    • Prime 2‑Acre Development Opportunity: Substantial land size.
    • High‑Visibility Location: Situated at the intersection of Terry Wilcutt Highway and the 68/80 Bypass.
    • Easy Access and Close Proximity to Downtown: Convenient location.
    • Established Neighborhood Setting: Ideal for creating a residential community.
    • Allows up to 3 Stories/38 ft High: Offers design flexibility.

    Overview

    This 2-acre property is zoned B3 for multifamily development, allowing for apartments, townhouses, and duplexes up to 3 stories or 38 feet high. The property is located at the intersection of Terry Wilcutt Highway and the 68/80 Bypass. The location offers easy access and close proximity to downtown in an established neighborhood setting, making it suitable for a residential community. The high-visibility spot ensures convenience for future residents and provides quick connections to major roadways and local amenities. This property is located in Russellville, KY, in Logan County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Russellville
    County
    Logan
    State
    Kentucky
    Longitude
    -86.929124
    Latitude
    36.88281

    Nearby Similar for Sale

    • $699,900

      Versatile Commercial Property, Russellville

      Spacious commercial property with high visibility and traffic.
      420 Farmers Drive, Russellville, KY 42276
      View Details
    • $450,000

      Commercial Warehouse on 1.37 Acres

      4,000 sq ft warehouse on 1.37 acres for sale.
      206 N Thurston Drive, Russellville, KY 42276
      View Details
    • $229,900

      Versatile Commercial Property in Russellville

      High-visibility commercial property with flexible layout and ample parking.
      114 Walker Lane, Russellville, KY 42276
      View Details
    • $384,900

      Commercial Land Near Walmart

      8.5 acre commercial land tract zoned B3 near Walmart.
      0 Sportsman Club Road, Russellville, KY 42276
      View Details
    • $484,999
      3,986 SF

      Residential Farm with Workshop and Guesthouse

      7.09-acre retreat featuring main house, guesthouse, and workshop.
      80 Donald Lane, Russellville, KY 42276
      View Details
    • $350,000
      1,892 SF

      Residential Farm with Modern Features

      Well-maintained home with modern amenities on a 1-acre lot.
      103 Deer Lane, Russellville, KY 42276
      View Details
    • $795,000

      Prime Downtown Russellville Commercial Land

      Cleared .28 acre lot ready for development in Russellville, KY.
      102 N Main Street, Russellville, KY 42276
      View Details
    • $159,900

      Russellville Office Building For Sale

      Well-maintained office building in a prime, high-visibility location.
      101 W 5th Street, Russellville, KY 42276
      View Details
    • $134,000

      Commercial Land on 68/80 Bypass

      2.68-acre commercial lot with high visibility and utilities available.
      2.68 Acres W H Brown Road, Russellville, KY 42276
      View Details
    • $449,000

      Downtown Russellville Commercial Lot

      Prime commercial lot in downtown Russellville, ready for development.
      103 S Main Street, Russellville, KY 42276
      View Details
    • $235,000

      Prime Commercial Space, Russellville, KY

      High-traffic commercial property with flexible space in Russellville, Kentucky.
      120 SW Park Square, Russellville, KY 42276
      View Details
    • $749,000
      4,607 SF

      Modern Barndominium on 3.16 Acres

      Custom-built 5-bedroom home with modern design and standout features.
      1294 Edwards Road, Russellville, KY 42276
      View Details

    FAQs

    What type of property is this?
    Land - 2-acre B3-zoned land suitable for multifamily development.
    Where is this land located?
    The property is located at 0 Terry Wilcutt Highway Russellville, KY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Zoned B3 for Multi‑Family Development: Ideal for apartments, townhouses, and duplexes.; Prime 2‑Acre Development Opportunity: Substantial land size.; High‑Visibility Location: Situated at the intersection of Terry Wilcutt Highway and the 68/80 Bypass.
    (270) 782-1811
    We can help!
    Listing Contact
    Carla Anderson
    Carla Anderson
    Real Estate License ID: 206431
    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
    0 Terry Wilcutt Highway, Russellville, KY 42276
    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!