Freestanding Office
For Sale
$650,000
150 Raleigh Drive, Elizabethtown, KY 42701
Cul-de-sac setting adjacent to the Post Office and Commonwealth Spine & Pain Center.
Property Size3,825 SF
Lot Size1.00 Acre
Price / SF$169.93
Days on Market49
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Property Features for 150 Raleigh Drive
General Information
Standard status
Active
Size
3,825 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
2004
Buildings
1
Building Size
3,825 SF
Listing Agency:
BAUMGARDNER & ASSOCIATES
Listed By:
John Pawley · License #33971
(270) 234-6108
Source:
Gudenkaufteam
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 14 at 8:12PM
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 BAUMGARDNER & ASSOCIATES
Investment Insights
Based on property information with market context.
This freestanding office building offers 3,825 square feet on a 1.00-acre parcel. Constructed in 2004, the property previously accommodated chiropractic and general office uses, providing a practical commercial layout for continued office occupancy.
The building sits in a cul-de-sac next to the Post Office and Commonwealth Spine & Pain Center. On-site parking includes 19 spaces, supporting staff, visitors, and daily office operations.
The building sits in a cul-de-sac next to the Post Office and Commonwealth Spine & Pain Center. On-site parking includes 19 spaces, supporting staff, visitors, and daily office operations.
Key Highlights
- 3,825 SF freestanding office building
- 1.00‑acre parcel
- Constructed in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,151
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,020
$803.0K
Cap Rate 7%
$573,586
$573.6K
Cap Rate 9%
$446,122
$446.1K
Market Conditions
NOI Build-Up for 3,825 SF
Gross rent
$76.7K $20.04/SF
− Vacancy
−$9.7K −$2.55/SF
EGI
$66.9K $17.49/SF
− OpEx
−$26.8K −$7.00/SF
NOI
$40.2K $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 Rate 5%
$803,020
Cap Rate 7%
$573,586
Cap Rate 9%
$446,122
Alternative Uses
Best Use
Healthcare Medical
$573.6K
$501.9K – $669.2K
NOI $40,151 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$522.5K
$457.2K – $609.6K
NOI $36,577 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$692.4K
$605.9K – $807.8K
NOI $48,470 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
515
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Cul-de-sac setting adjacent to the Post Office and Commonwealth Spine & Pain Center.
Where is this office building located?
The property is located at 150 Raleigh Drive Elizabethtown, KY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,825 SF freestanding office building; 1.00‑acre parcel; Constructed in 2004
