Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    11.99 Acres at Major Intersection Title is generated by Realmo AI

    1004 S Dixie Highway, Cave City, KY 42127

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,499,999

    Four parcels of land at a highly traveled intersection.

    Type:Commercial/Industrial
    Lot size:
    11.99 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 6 at 3:54 am

    Property Features for 1004 S Dixie Highway

    General Information

    Standard status
    Active
    Lot size
    11.99 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Jason Mills

    Listing agent Jason Mills License #203087

    Listing office Keller Williams First Choice R

    Listing date Mar 12, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams First Choice R

    HighLights

    • High‑traffic corner location at a major highway intersection.
    • Large land parcel totaling 11.99 acres.
    • Includes 3 separate buildings.
    • Opportunity to combine with adjacent property at 1005 S. Dixie Highway for a larger holding.
    • Combined property option offers a total of 8.3 acres and 5 buildings.
    • Building(s) constructed in 1998.

    Overview

    This offering comprises four parcels of land, totaling 11.99 acres. The property is located at the corner of two major highways, situated at one of the most traveled intersections in Barren County. The parcels include three separate buildings. This property can be combined with the adjacent property at 1005 S. Dixie Highway, which includes 8.3 acres and five separate buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Collins Concrete and Gatden Construction Company

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cave City
    County
    Barren
    State
    Kentucky
    Longitude
    -85.963
    Latitude
    37.1275

    Nearby Similar for Sale

    • $390,000

      Cave City Multifamily Investment Property

      Ten-unit apartment/motel with income potential on N Dixie Hwy.
      313 N Dixie Highway, Cave City, KY 42127
      View Details
    • $550,000

      Renovated Retail and Hospitality Building

      Historic building with retail space and hospitality units in Cave City.
      104-108 N 1st Street, Cave City, KY 42127
      View Details
    • $250,000

      Cave City Commercial Land Opportunity

      High-visibility 0.68-acre commercial land with development potential.
      0 E Les Turner Road, Cave City, KY 42127
      View Details
    • $150,000

      Remodeled Warehouse Style Building

      Remodeled commercial building suitable for various business models.
      406 S Dixie Highway, Cave City, KY 42127
      View Details
    • $350,000

      Cave City Mixed-Use Building

      Mixed-use building in growing Cave City with multiple opportunities.
      105 Broadway Street, Cave City, KY 42127
      View Details
    • $400,000

      13 Acres on Highway 90

      13 acres with pond near shopping, dining, and parkway.
      0 Happy Valley Road, Cave City, KY 42127
      View Details
    • $2,400,000

      Prime Commercial Property in Cave City

      Versatile commercial property suitable for office, retail, or warehouse use.
      302 Happy Valley Street, Cave City, KY 42127
      View Details
    • $299,500

      Historic Reynolds House in Cave City

      Renovated commercial property in historic Cave City, Kentucky.
      205 Broadway Street, Cave City, KY 42127
      View Details
    • $389,500

      Cave City Motel Business Opportunity

      25-room motel near Cave City tourist attractions for sale.
      1224 N Dixie Highway, Cave City, KY 42127
      View Details
    • $595,000
      8,527 SF

      Mixed-Use Building in Cave City

      Turnkey, income-producing investment property in historic downtown Cave City.
      206-210 Broadway Street, Cave City, KY 42127-8802
      View Details
    • $208,000
      1,256 SF

      Residential Farm in Cave City

      Charming 3-bedroom, 2-bathroom home with fenced backyard.
      5918 Stovall Road, Cave City, KY 42127
      View Details
    • $250,000

      Cave City Commercial Land

      High-visibility commercial land with development potential in Cave City, KY.
      E Les Turner Road, Cave City, KY 42127
      View Details

    FAQs

    What type of property is this?
    Commercial land - Four parcels of land at a highly traveled intersection.
    Where is this commercial land located?
    The property is located at 1004 S Dixie Highway Cave City, KY.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: High‑traffic corner location at a major highway intersection.; Large land parcel totaling 11.99 acres.; Includes 3 separate buildings.
    (270) 782-1811
    We can help!
    Listing Contact
    Jason Mills
    Real Estate License ID: 203087
    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
    1004 S Dixie Highway, Cave City, KY 42127
    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!