Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Retail Land Lot Title is generated by Realmo AI

    1801 Old Gallatin Road, Scottsville, KY 42164

    View on Map
    Claim this Listing
    Picture of Commercial land at 1801 Old Gallatin Road, Scottsville, KY
    For Sale
    $395,000

    LAND - Scottsville, KY

    Lot size:
    0.98 Acres
    Added:
    Sep 13, 2022
    Days on Market:
    1361
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 1801 Old Gallatin Road

    General Information

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

    We can help!

    Listing Contact
    Brian Dyer

    Listing agent Brian Dyer License #217462

    Listing office Dyer & Associates Auction/Realty Inc. 1545 Old Gallatin Road, Scottsville, KY

    Listing date Sep 13, 2022

    MLS# RA20224249 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

    • Lot great for retail
    • Close to other restaurants
    • Next to Dollar General Store
    • Location: [-86.21105,36.73911]

    Overview

    This nearly one-acre commercial land parcel offers a straightforward site for retail-oriented development. The property is presented for sale and is configured as a vacant lot, giving an incoming buyer flexibility to design improvements to fit their intended use.

    The land is located at 1801 Old Gallatin Road in Scottsville, Kentucky, in Allen County. The immediate area includes a Dollar General store next door and other restaurants nearby, which can support retail traffic patterns for compatible concepts.

    For buyers evaluating site selection, this parcel may be a practical fit when looking for retail development land positioned adjacent to a national discount retailer and within a dining-oriented commercial mix. Prospective tenants or developers can review the site for access and buildout plans based on their specific retail requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.2110507
    Latitude
    36.7391072

    Nearby Similar for Sale

    • $199,900
      2,400 SF

      Scottsville Commercial Building For Sale

      Large insulated and heated building suitable for various business uses.
      4466 Walnut Creek Road, Scottsville, KY 42164
      View Details
    • $1,049,999
      3,000 SF

      Turnkey Lake Property on Barren River

      Waterfront home ideal for large families or short-term rental.
      2100 Baileys Point Road, Scottsville, KY 42164
      View Details
    • $269,900

      Flex Building with Warehouse

      Office buildout plus warehouse with overhead doors and secured fenced yard storage for mixed-use operations.
      60 Lambert Road, Scottsville, KY 42164
      View Details
    • $889,000
      2,080 SF

      Scottsville Farm with Custom-Built Home

      49-acre farm featuring a custom home and multiple amenities.
      4900 Old Glasgow Road, Scottsville, KY 42164
      View Details
    • $340,000
      2,772 SF

      Remodeled Home on Spacious Lot

      Remodeled 3-bedroom home on 1.54 acres in Scottsville, KY.
      538 Dry Creek Road, Scottsville, KY 42164
      View Details
    • $889,900
      3,301 SF

      Renovated Scottsville Farm with Pool

      Spacious 5-bedroom home on 7.83 acres with premium outdoor features.
      1892 Hiley Spencer Road, Scottsville, KY 42164
      View Details
    • $249,900
      1,696 SF

      Scottsville Farm with Detached Structures

      3.96-acre farm with home, studio, and heated garage apartment.
      3164 Meador Port Oliver Road, Scottsville, KY 42164
      View Details
    • $514,900

      Commercial Development Land Parcel

      6.4-acre development site with convenient access in a high-traffic area near Scottsville.
      Holt Drive, Scottsville, KY 42164
      View Details
    • $399,500

      3-Acre Corner Lot on Highway

      High-visibility 3-acre corner lot with utilities available.
      250 Spears Road, Scottsville, KY 42164
      View Details
    • $296,000
      1,300 SF

      Residential Farm with Mountain Views

      Calming home with mountain views, modern kitchen, unfinished basement.
      198 Friendship Church Road, Scottsville, KY 42164
      View Details
    • $189,900

      Commercial Land Lot for New Business

      A 1-acre commercial lot in Scottsville, KY, offering flexible space for a new business site.
      1732-2 Old Gallatin Road, Scottsville, KY 42164
      View Details
    • $349,900

      Turnkey Triplex Income Property

      Fully rented triplex with three units, each offering 2 bedrooms, 2 full baths, appliances, and private parking.
      796 Oliver Street, Scottsville, KY 42164
      View Details

    FAQs

    What type of property is this?
    Commercial land - Nearly an acre near a Dollar General and other restaurants, suitable for retail development.
    Where is this commercial land located?
    The property is located at 1801 Old Gallatin Road Scottsville, KY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Lot great for retail; Close to other restaurants; Next to Dollar General Store
    (270) 622-8726
    We can help!
    Listing Contact
    Brian Dyer
    Real Estate License ID: 217462
    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
    1801 Old Gallatin Road, Scottsville, KY 42164
    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!