Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Land with Recreational Potential Title is generated by Realmo AI

    5061 Dawson Springs Rd, Hopkinsville, KY 42240

    View on Map
    Claim this Listing
    For Sale
    $128,500

    LAND - Hopkinsville, KY

    Lot size:
    24.09 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    41
    Last Refresh:
    May 12 at 12:06 pm

    Property Features for 5061 Dawson Springs Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    100-02 00 117.00
    Lot size
    24.09 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Kelsey Sipes

    Listing agent Kelsey Sipes

    Listing office RE/MAX Premier Properties 10605 Shelbyville Road, Louisville, KY

    Listing date Apr 2, 2026

    MLS# 1713187 Listing URL

    Copyright © 2026 Greater Louisville 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

    • 22.94‑acre parcel suitable for recreation, farming, hunting, or development
    • Owner financing available
    • Located in an area known for trophy deer hunting
    • Proximity to Pennyrile Forest State Resort Park and Lake Barkley
    • Frontage on Dawson Road provides convenient access
    • Power available at the street

    Overview

    This 22.94-acre parcel in Crofton, KY, offers versatile land with recreational and investment potential. With frontage on Dawson Road, the property provides convenient entry and flexible layout options. The land supports mixed-use purposes, making it suitable for farming, hunting, or future development. A primary shallow pond sits fully on the property. An old logging road or trail on the west side creates a semi-circular path through part of the property and provides internal access. Historically used for hunting and located in an area known for trophy deer, this rural property is well-suited for outdoor recreation. The location offers proximity to Pennyrile Forest State Resort Park and Lake Barkley, providing access to hiking, fishing, boating, and additional wildlife areas. Power is available at the street, supporting future improvements. This acreage offers flexibility and long-term value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wind Band FM Radio Station

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Electronics & Wireless Store Computer & Electronic Repair Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinsville
    County
    Christian
    State
    Kentucky
    Longitude
    -87.52674
    Latitude
    36.925534

    Nearby Similar for Sale

    • $625,000
      4,029 SF

      Hopkinsville Commercial Property For Sale

      Medical/business park, unlimited uses, designed for two physicians.
      315 COOL WATER COURT, HOPKINSVILLE, KY 42240
      View Details
    • $599,000

      Hopkinsville Automotive Shop For Sale

      Two-building commercial property with automotive and retail potential.
      310 Mclean Ave, Hopkinsville, KY 42240-0000
      View Details
    • $204,900
      1,467 SF

      Hopkinsville Commercial Space For Sale

      Commercial space in Hopkinsville, Kentucky, suitable for office or professional use.
      308 W 15th St, HOPKINSVILLE, KY 42240
      View Details
    • $99,900
      2,700 SF

      Functional Storage Building/Workshop For Sale

      Versatile 2700 sqft storage/workshop with 1.5 bathrooms and electric.
      243 Mitch Lane, HOPKINSVILLE, KY 42240
      View Details
    • $285,000
      4,800 SF

      New Warehouse with Office Space

      4,800 sq ft commercial warehouse with office in Hopkinsville.
      426 E 7th Street, HOPKINSVILLE, KY 42240
      View Details
    • $109,900
      3,825 SF

      Hopkinsville Commercial Property For Sale

      Commercial property suitable for auto mechanic business and detail shop.
      315 E 4TH STREET, HOPKINSVILLE, KY 42240
      View Details
    • $1,900,000
      41,178 SF

      High-Visibility Commercial Property in Hopkinsville

      Income-producing commercial property with unmatched visibility in a high-traffic area.
      4011 Ft Campbell Blvd, HOPKINSVILLE, KY 42240
      View Details
    • $99,500
      1,160 SF

      Commercial Property in Renaissance District

      Commercial property in Hopkinsville's Renaissance District, eligible for incentive programs.
      603 S VIRGINIA STREET, HOPKINSVILLE, KY 42240
      View Details
    • $625,000
      4,029 SF

      Medical & Business Park Office

      Medical and business park office space for sale.
      315 Cool Water Court, Hopkinsville, KY 42240
      View Details
    • $329,000

      High-Visibility Commercial Property in Hopkinsville

      Turn-key commercial opportunity with high traffic frontage and redevelopment potential.
      3209 Lafayette, Hopkinsville, KY 42240
      View Details
    • $270,000
      1,853 SF

      Charming Home in Eagles Cove

      Comfortable 3-bedroom home with fenced backyard in quiet cul-de-sac.
      781 Claw Court, Hopkinsville, KY 42240
      View Details
    • $589,000

      46-Acre Tract on Hwy 41N

      46-acre tract on Hwy 41N between Hopkinsville and Crofton, KY.
      Madisonville, HOPKINSVILLE, KY 42240
      View Details

    FAQs

    What type of property is this?
    Recreation land - 22.94-acre parcel suitable for farming, hunting, or development.
    Where is this recreation land located?
    The property is located at 5061 Dawson Springs Rd Hopkinsville, KY.
    What is the asking price?
    The asking price for this property is $128,500.
    What are key features of this property?
    This property features: 22.94‑acre parcel suitable for recreation, farming, hunting, or development; Owner financing available; Located in an area known for trophy deer hunting
    (502) 655-5726
    We can help!
    Listing Contact
    Kelsey Sipes
    Learn More
    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
    5061 Dawson Springs Rd, Hopkinsville, KY 42240
    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!