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    Commercial Corner Lot for Sale Title is generated by Realmo AI

    4042 S Dixie Boulevard, Radcliff, KY 40160

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    Claim this Listing
    For Sale
    $568,000

    COMMERCIAL - Radcliff, KY

    Lot size:
    1.62 Acres
    Added:
    Jul 13, 2022
    Days on Market:
    1422
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 4042 S Dixie Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.62 Acres

    We can help!

    Listing Contact
    John Pawley

    Listing agent John Pawley License #193289

    Listing office BAUMGARDNER & ASSOCIATES P. O. Box 721, Elizabethtown, KY

    Listing date Jul 13, 2022

    MLS# HK10061575 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

    • Prime commercial corner lot location.
    • High‑traffic area near Joe Prather KY 313 and S Dixie Blvd US 31W intersection.
    • Situated between Subway and Take 5 Metro Car Wash.
    • Close proximity to major retailers like Walmart.
    • Surrounded by fast‑food restaurants including McDonald's and Burger King.
    • Across from Abound Credit Union.

    Overview

    This offering is a 1.62-acre commercial corner lot suitable for a variety of retail or service development concepts. The property fronts along the area near the Joe Prather KY 313 and S Dixie Blvd US 31W intersection and is positioned between Subway and the Take 5 Metro Car Wash.

    The site is located just south of the intersection and sits in a well-established commercial area with multiple national and local retailers nearby. Additional businesses referenced in the surrounding area include Abound Credit Union, McDonald’s, Burger King, Colton’s, Walmart, Taco Bell, Red Hill Cutlery, and Boundary Oak Distillery. The corner location provides natural visibility to traffic traveling through the corridor.

    For tenants, buyers, and developers seeking a road-accessible commercial parcel in Radcliff, KY, this lot offers an identifiable infill opportunity between established uses. It may be a practical fit for an owner-user or for development that benefits from adjacency to existing consumer traffic and co-tenancy. Prospective buyers should perform all due diligence regarding intended use, site constraints, and development requirements before moving forward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store 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
    -85.9130895
    Latitude
    37.7919895

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    FAQs

    What type of property is this?
    Commercial land - 1.62-acre corner site near a major intersection, positioned between Subway and Take 5 Metro Car Wash.
    Where is this commercial land located?
    The property is located at 4042 S Dixie Boulevard Radcliff, KY.
    What is the asking price?
    The asking price for this property is $568,000.
    What are key features of this property?
    This property features: Prime commercial corner lot location.; High‑traffic area near Joe Prather KY 313 and S Dixie Blvd US 31W intersection.; Situated between Subway and Take 5 Metro Car Wash.
    (270) 234-6108
    We can help!
    Listing Contact
    John Pawley
    Real Estate License ID: 193289
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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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