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    Land with Road Frontage on Three Sides Title is generated by Realmo AI

    2585 S Wilson Rd, Radcliff, KY 40160

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    Claim this Listing
    For Sale
    $399,900

    LAND - Radcliff, KY

    Lot size:
    10.13 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 2585 S Wilson Rd

    General Information

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

    We can help!

    Listing Contact
    Felicia Evans

    Listing agent Felicia Evans

    Listing office PATRIOT REALTY 342 Burns Road, Vine Grove, KY

    Listing date Mar 19, 2026

    MLS# HK2601028 Listing URL

    Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10+ acres with a massive interior level lot for an estate or next development project (zoned R‑2).
    • Road frontage on three sides, including S. Wilson Rd and Lake Rd, plus easy access to Dixie Hwy.
    • Access to all utilities and convenient city access.
    • Property offers single‑family homes and possible higher‑density residential potential by applying for rezoning.
    • Near the new $13M Baptist Health ER facility (opening fall 2026), plus nearby shopping and dining.
    • FEMA and the Happy Valley Flood Mitigation project indicate no flood zone issues and no flood insurance required.

    Overview

    Offering 10.13 acres of interior, level land, this property is well-suited for a private estate use or a larger development concept. The land is currently zoned R-2, with the ability to pursue rezoning as part of future planning. It also provides space that can support single-family homes while accommodating agricultural freedom, including room for farm animals as described in the remarks.

    The site features road frontage on three sides, with access on S. Wilson Rd and Lake Rd, plus easy access to Dixie Hwy. Utilities are available, which helps streamline planning and building logistics. The property is located near healthcare and retail, including the new Baptist Health ER facility opening Fall 2026, along with Neighborhood Walmart, Dunkin', and Ace Hardware.

    For buyers seeking land that can work for either a homestead setting or a potential residential project, this parcel’s combination of level terrain, three-side road frontage, and utility access can simplify early feasibility. The remarks also indicate the property is not in a flood zone and that flood insurance is not required based on FEMA and the Happy Valley Flood Mitigation project, which may be an important consideration for planning and underwriting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Hotel & Motel Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Radcliff
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9236671
    Latitude
    37.8058752

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Over 10 acres of level farmland with utility access and road frontage on three sides for flexible development planning.
    Where is this agricultural land / farmland located?
    The property is located at 2585 S Wilson Rd Radcliff, KY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 10+ acres with a massive interior level lot for an estate or next development project (zoned R‑2).; Road frontage on three sides, including S. Wilson Rd and Lake Rd, plus easy access to Dixie Hwy.; Access to all utilities and convenient city access.
    (502) 919-0211
    We can help!
    Listing Contact
    Felicia Evans
    Request Owner's contact information
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    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.

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    2585 S Wilson Rd, Radcliff, KY 40160
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