New Construction Office
For Sale
$699,000
125 Helmwood Plaza Drive, Elizabethtown, KY 42701
New construction shell offers a customizable interior for office or healthcare use.
Property Size3,200 SF
Price / SF$218.44
Days on Market42
Property Features for 125 Helmwood Plaza Drive
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Additional Details
Utilities to Site
No
Building Details
Year Built
2024
Buildings
1
Stories
1
Building Size
3,200 SF
Listing Agency:
Re/Max Premier Properties LLC
(270) 723-4626
Listed By:
Ryan Harris · License #243184
Source:
Goldstarrealtyky
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 5:11PM
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 Re/Max Premier Properties LLC
Investment Insights
Based on property information with market context.
Built in 2024, this 3,200-square-foot office shell at 125 Helmwood Plaza Drive provides an unfinished commercial interior for a user-specific buildout. Electrical and plumbing systems are not installed, allowing the final layout and infrastructure to be planned around the occupant’s requirements. The property is described as suitable for office, medical, retail, and other professional applications, with a modern exterior and ample parking.
The property sits within an established professional corridor in Elizabethtown, surrounded by doctors’ offices, restaurants, retail businesses, and a nearby strip center. Baptist Health Hardin is located less than half a mile away. The site also offers accessibility, visibility, and steady traffic as noted in the property information.
The property sits within an established professional corridor in Elizabethtown, surrounded by doctors’ offices, restaurants, retail businesses, and a nearby strip center. Baptist Health Hardin is located less than half a mile away. The site also offers accessibility, visibility, and steady traffic as noted in the property information.
Key Highlights
- 3,200‑square‑foot commercial shell building
- Built in 2024 with a modern exterior
- No existing electric or plumbing, allowing a customized buildout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,590
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$671,800
$671.8K
Cap Rate 7%
$479,857
$479.9K
Cap Rate 9%
$373,222
$373.2K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.1K $20.04/SF
− Vacancy
−$8.1K −$2.55/SF
EGI
$56.0K $17.49/SF
− OpEx
−$22.4K −$7.00/SF
NOI
$33.6K $10.50/SF
Area
Hardin County, KY
Vacancy
12.70%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$671,800
Cap Rate 7%
$479,857
Cap Rate 9%
$373,222
Alternative Uses
Best Use
Healthcare Medical
$479.9K
$419.9K – $559.8K
NOI $33,590 @ 7.0% cap · market cap 4.81%
Second Best
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$579.3K
$506.9K – $675.8K
NOI $40,550 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - New construction shell offers a customizable interior for office or healthcare use.
Where is this office units located?
The property is located at 125 Helmwood Plaza Drive Elizabethtown, KY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,200‑square‑foot commercial shell building; Built in 2024 with a modern exterior; No existing electric or plumbing, allowing a customized buildout
