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    2320 Dixie Blvd Radcliff, KY 40160

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    For Sale
    Contact for pricing

    20+ Acres, Prime Commercial Location

    Property Features for 2320 Dixie Blvd

    General Information

    Property type
    Land
    Lot Size
    880,740 SF

    We can help!

    Listing Contact
    Jeffrey Farmer
    Jeffrey Farmer

    Listing Agency: EXP Realty LLC Listing Agent: Jeffrey Farmer

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

    Learn more

    Overview

    Ansar Plaza presents a unique opportunity to establish your business in a thriving Radcliff, KY commercial development. This 20.219-acre parcel, zoned for commercial use (APN 180-20-01-043), is ideally situated at 2320 S Dixie Blvd, 40160, offering excellent visibility and accessibility. The land is for sale by owner, held by an LLC, and is divisible to accommodate various business needs. Pricing ranges from $150,000 to $400,000 per acre. Owner/user incentives are available, with priority given to those commencing construction within 18 months. The property's strategic location benefits from existing businesses including Ace Hardware, Dollar General, Victory Martial Arts, Little Rascals Childcare, and M&S Mart. Further enhancing the area's appeal, a Dairy Queen is slated to open in Spring 2024, and Caliber Collision is nearing completion. This makes Ansar Plaza an excellent choice for retail, restaurant, hospitality, entertainment, or service businesses seeking a vibrant and growing community. The site's ample space and flexible lot sizes allow for customization to meet individual business requirements. Join this dynamic commercial environment where businesses thrive and contribute to a rich customer experience. The property is ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southern Boom Fireworks Discount Store Ansar Plaza Shopping Center & Mall

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Radcliff
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9204132
    Latitude
    37.8076253

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    FAQs

    What type of property is this?
    Land - 20+ Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 2320 Dixie Blvd Radcliff, KY.
    What are key features of this property?
    This property features: 20.219-acre commercial land parcel available for sale.; Suitable for retail, restaurant, hospitality, entertainment, and service businesses.; Incentives offered to owner/users, prioritizing those starting construction within 18 months.
    (270) 268-5315 Call to check price and availability
    Request Owner's contact information
    2320 Dixie Blvd Radcliff, KY 40160
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    Radcliff, KY 40160
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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.

    More about this property
    2320 Dixie Blvd Radcliff, KY 40160
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    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: 181853
    (270) 268-5315 (888) 624-6448
    Learn more
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