Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land in LaRue County Title is generated by Realmo AI

    2870 Weldon Loop Rd, Upton, KY 42784

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10+ acres in new industrial park near BlueOval SK.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    Aug 30, 2023
    Days on Market:
    1010
    Last Refresh:
    May 12 at 8:50 pm

    Property Features for 2870 Weldon Loop Rd

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeffrey Farmer
    Jeffrey Farmer

    Listing agent Jeffrey Farmer License #KY 181853

    Listing office EXP Realty LLC

    Listing date Aug 30, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

    HighLights

    • Located in the new LaRue County Industrial Park
    • Positioned for interstate industrial land access
    • Proximity to the BlueOval SK battery plant in Glendale, KY
    • Anticipated impact from industrial expansion in Glendale
    • Projected population growth of around 22,000 people over the next 3 years
    • Property is divisible

    Overview

    This property features over 10 acres of land situated in the developing LaRue County Industrial Park in Upton, Kentucky. The location is promoted as offering interstate industrial land access. The property's location is south of the BlueOval SK battery plant in Glendale, Kentucky. The site is divisible, offering flexibility in acreage. Anticipated population growth in the area is projected to reach approximately 22,000 people over the next three years. The industrial expansion in Glendale is expected to influence neighboring counties, driving demand for related manufacturing, service, and logistics to support the expanding electric vehicle sector.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Upton
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9164
    Latitude
    37.4515

    Nearby Similar for Sale

    • $149,900

      Turn-Key Commercial Property in Upton

      Established commercial property ready for immediate operation in Upton, Kentucky.
      108 Money Court, Upton, KY 42784
      View Details
    • $250,000

      Recreational Land with Stocked Pond

      44-acre wooded property with a deep stocked pond and hunting habitat, supported by shared road access and existing utilities.
      2795 N Pleasant Hill Rd, Upton, KY 42784
      View Details
    • $199,000

      28 Acres Fenced Farmland

      28 acres of fenced farmland with water, barn, and ponds.
      TRACT 2 Lanny Heath Road, Upton, KY 42784
      View Details
    • $99,000

      Income Producing RV Property

      RV property with three sites and strong rental potential.
      774 Copelin Valley Road, Upton, KY 42784
      View Details
    • $29,000

      Upton, KY Land For Sale

      0.70 acre lot with electric and septic system.
      4726 Pleasant Hill Road, Upton, KY 42784
      View Details
    • Contact for pricing

      Land Available Near Interstate 65

      75.18 acres with interstate visibility near BlueOval SK battery park.
      Upton Talley Rd & I-65, Upton, KY, 42784
      View Details
    • $1,750,000

      Industrial Land in Industrial Park

      Large industrial tract in a LaRue County Industrial Park with planned infrastructure and interstate-focused access.
      2870 Weldon Loop, Upton, KY 42784
      View Details
    • $1,100,000

      Commercial & Industrial Land Parcel

      Zoned for commercial and industrial use, this parcel is positioned just off I-65 for business expansion opportunities.
      1 Crissy Street, Upton, KY 42784
      View Details
    • $349,998
      1,848 SF

      50 Acres with Renovated Home

      50 acres with a renovated 3-bedroom home.
      1071 George Tabb Road, Upton, KY 42784
      View Details
    • $1,200,000

      Industrial Land with Dual Road Frontage

      Zoned industrial land with frontage on two roads and the ability to subdivide, offering flexibility for business expansion.
      Upton Talley Road, Upton, KY 42784
      View Details
    • $70,000

      Upton, KY - 5 Acreage

      5 acre lot near I65 and Blue Oval SK plant.
      Weldon Loop lot: 3, Upton, KY 42784
      View Details
    • $1,200,000

      Industrial Land Near Interstate 65

      Industrial land with road frontage and subdivision potential near I-65.
      Upton Talley Road, Upton, KY 42784
      View Details

    FAQs

    What type of property is this?
    Industrial land - 10+ acres in new industrial park near BlueOval SK.
    Where is this industrial land located?
    The property is located at 2870 Weldon Loop Rd Upton, KY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Located in the new LaRue County Industrial Park; Positioned for interstate industrial land access; Proximity to the BlueOval SK battery plant in Glendale, KY
    (270) 765-8125 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Farmer
    Jeffrey Farmer
    Real Estate License ID: KY 181853
    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
    2870 Weldon Loop Rd, Upton, KY 42784
    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!