Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Elizabethtown, KY Title is generated by Realmo AI

    601 New Glendale Road lot Bush Lane, Elizabethtown, KY 42701

    View on Map
    Claim this Listing
    For Sale
    $255,000

    LAND - Elizabethtown, KY

    Lot size:
    7.00 Acres
    Added:
    Apr 18, 2022
    Days on Market:
    1508
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 601 New Glendale Road lot Bush Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    7.00 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 Apr 18, 2022

    MLS# HK10060455 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

    • R4 Urban Residential General zoning allows for various residential uses.
    • Sewer is available on site.
    • Potential for apartment site or affordable housing development (requires zoning change).
    • Waterfront property with creek access.
    • Fenced property.
    • Located on a dead‑end street (Bush Lane).

    Overview

    This 7-acre residential land is located in Elizabethtown, KY. The R4 Urban Residential General zoning allows for residential care facilities, single-family detached residences, and single-family duplexes. Churches and assisted living facilities are also permitted. The site may be suitable for an apartment complex or affordable housing development, although increased density would require a zoning change. Sewer access is available on-site. Access to the property is via Bush Lane, a dead-end street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.85839737
    Latitude
    37.67871436

    Nearby Similar for Sale

    • $699,000
      3,200 SF

      New Commercial Shell Building

      3,200 sq ft commercial space ready for customization.
      125 Helmwood Plaza Drive, Elizabethtown, KY 42701
      View Details
    • $625,000
      4,600 SF

      Elizabethtown Commercial Building For Sale

      Commercial building on 0.9 acres with showroom and warehousing space.
      6270 N Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $545,000
      3,164 SF

      Residential Home with In-Law Suite

      Spacious home with in-law suite in Summit Creek.
      129 Highpoint Court, Elizabethtown, KY 42701
      View Details
    • $650,000

      Established Auto Repair Business Opportunity

      Commercial property operating as an auto repair business since 2010.
      3273 S Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $225,000
      679 SF

      Elizabethtown Commercial Land with Home

      0.83 acres with rental home and development potential.
      308 N Miles Street, Elizabethtown, KY 42701-1833
      View Details
    • $489,900
      3,586 SF

      Elizabethtown Residential Farm with Versatility

      Spacious home with flexible living spaces and outdoor amenities.
      417 Graceland Trail, Elizabethtown, KY 42701
      View Details
    • $649,900
      2,000 SF

      Elizabethtown Farm House with Potential

      New 3-bedroom, 2-bath home on 1.3± acres near Elizabethtown.
      2114 Sportsman Lake Road, Elizabethtown, KY 42701
      View Details
    • $309,000
      2,081 SF

      Updated Ranch in Elizabethtown Highlands

      Updated brick ranch in Elizabethtown's desirable Highlands area.
      605 Pike Street, Elizabethtown, KY 42701
      View Details
    • $2,000,000

      C-1 Zoned Commercial Development Land

      15-acre C-1 zoned tract adjacent to Hardin County Fairgrounds, positioned for a range of commercial development.
      S Dixie Highway lot: 0, Elizabethtown, KY 42701
      View Details
    • $490,000
      2,627 SF

      Charming Home in Summit Creek

      Distinctive residence in a desirable Elizabethtown neighborhood.
      109 Gaston Circle, Elizabethtown, KY 42701
      View Details
    • $1,500,000

      Elizabethtown Office Building For Sale

      Income-producing office building with diversified income streams and leasing flexibility.
      2608 Ring Road, Elizabethtown, KY 42701
      View Details
    • $999,900

      Elizabethtown Commercial Investment Opportunity

      Income-producing commercial property with long-term tenants in a high-traffic area.
      907 N Mulberry Street, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Land - 7-acre residential land suitable for various development projects.
    Where is this land located?
    The property is located at 601 New Glendale Road lot Bush Lane Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: R4 Urban Residential General zoning allows for various residential uses.; Sewer is available on site.; Potential for apartment site or affordable housing development (requires zoning change).
    (270) 234-6108
    We can help!
    Listing Contact
    John Pawley
    Real Estate License ID: 193289
    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
    601 New Glendale Road lot: Bush Lane, Elizabethtown, KY 42701-1012
    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!