Building Details

Year Built 1977

Listed By: Jayme Burden Show Phone

Added: Nov 12, 2025 Changed: Jun 2

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,931

Cap Rate

5.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$358,620 $358.6K

Cap Rate 7%

$256,157 $256.2K

Cap Rate 9%

$199,233 $199.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,240 SF

Gross rent

$34.1K $15.24/SF

− Vacancy

−$1.5K −$0.69/SF

EGI

$32.6K $14.55/SF

− OpEx

−$14.7K −$6.55/SF

NOI

$17.9K $8.00/SF

Area

Hardin County, KY

Vacancy

4.50%

Lease Rate

$15.24 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$358,620

Cap Rate 7%

$256,157

Cap Rate 9%

$199,233

Alternative Uses

Best Use

Apartment 5plus

$256.2K

$224.1K – $298.9K (±1% cap)

NOI $17,931 @ 7.0% cap · market cap 5.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$405.5K

$354.8K – $473.1K (±1% cap)

NOI $28,385 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Single family properties

Suggested Use

Top Pick HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 42740, KY

1,878

Population

932

Households

2

Avg Household Size

46

Median Age

18%

College-Educated

88%

High-School Grad

31.1 sq mi

ZIP Area

60

Density / Sq Mi

$85,372

Median Household Income

$47,669

Median Earnings

$776

Median Rent

$182,700

Median Home Value

Frequently Asked Questions

What type of property is this?

Farm - Updated brick ranch with full basement and large yard.

Where is this farm located?

The property is located at 5526 S Dixie Hwy Glendale, KY.

What is the asking price?

The asking price for this property is $325,000.