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    Zoned C2 Commercial Land Title is generated by Realmo AI

    8349 S Dixie Highway, Elizabethtown, KY 42701

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    Picture of Commercial land at 8349 S Dixie Highway, Elizabethtown, KY
    For Sale
    $3,063,450

    COMMERCIAL - Elizabethtown, KY

    Lot size:
    15.71 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    304
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 8349 S Dixie Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    15.71 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 Aug 7, 2025

    MLS# HK25003257

    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

    • Zoned C2 Commercial on 15.71 acres.
    • Proximity to Ford Blue Oval Energy Storage Battery Plant.
    • All utilities available, including sewer.
    • Potential corner lot location.
    • Potential for multiple entrances on S Dixie Highway.
    • Significant road improvements being made to Gilead Church Road.

    Overview

    The offering is mostly level commercial land totaling 15.71 acres, subject to a final amended record plat. The property is zoned C2 Commercial. When developed, it will be a corner lot, and all utilities including sewer are available at the site.

    The site is located at 8349 S Dixie Highway in Elizabethtown, KY 42701, in Hardin County. It has potential to be located adjacent to the northeast quadrant entrance ramp onto I-65, subject to funding. Across I-65, the Ford Blue Oval Energy Storage Battery Plant is located. Significant road improvements are being made to Gilead Church Road to serve the plant, and the property also presents potential for multiple entrances on S Dixie Highway.

    This parcel is suited for commercial development where C2 zoning is appropriate, particularly projects that can accommodate corner-lot configuration and access considerations. With utilities including sewer already available, the land may support a streamlined path from planning to site preparation and construction, subject to approvals and the final amended record plat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.86970355
    Latitude
    37.57556631

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    FAQs

    What type of property is this?
    Commercial land - Mostly level commercial land with C2 zoning and utilities including sewer available for future development.
    Where is this commercial land located?
    The property is located at 8349 S Dixie Highway Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $3,063,450.
    What are key features of this property?
    This property features: Zoned C2 Commercial on **15.71 acres**.; Proximity to Ford Blue Oval Energy Storage Battery Plant.; All utilities available, including sewer.
    (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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