Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Land with US 62 Frontage Title is generated by Realmo AI

    9000 Leitchfield Road, Cecilia, KY 42724

    View on Map
    Claim this Listing
    For Sale
    $6,500,000

    LAND - Cecilia, KY

    Lot size:
    92.00 Acres
    Added:
    Oct 29, 2024
    Days on Market:
    583
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 9000 Leitchfield Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    92.00 Acres

    We can help!

    Listing Contact
    Mark Haynes
    Mark Haynes

    Listing agent Mark Haynes License #199572

    Listing office GOLD STAR REALTY 319 S Mulberry Street, Elizabethtown, KY

    Listing date Oct 29, 2024

    MLS# HK24004141 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

    • Development property with road frontage on US62.
    • Easy access to local industry, Interstate, and parkways.
    • Ideal for development, potentially for rick houses.
    • P&L railroad access on the back of the property.
    • Located just past the Industrial area of Elizabethtown.
    • Coordinates provided for precise location: [-85.99354,37.62554].

    Overview

    This development land parcel offers extensive acreage for future planning, with direct road frontage on US 62. The property also features a P&L railroad running along the back of the site, creating a distinct boundary for layout and access considerations.

    Located just past the industrial area of Elizabethtown in Cecilia, Kentucky, the site is positioned for convenient connectivity. With frontage on US 62, it provides straightforward access to local industrial employers and to the interstate and parkways serving the region.

    The combination of US 62 visibility and the presence of rail infrastructure may be well suited to developers evaluating residential subdivision concepts or other planned uses that can accommodate the site’s railroad edge. For operators and investors, the property’s scale and two-sided access attributes make it a practical candidate for a staged development approach, subject to applicable approvals and design requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Accounting Firm Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cecilia
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9935384
    Latitude
    37.6255411

    Nearby Similar for Sale

    • $644,900
      2,610 SF

      Kentucky Farm Retreat with Custom Home

      Secluded 45.3-acre property with a custom-built home near Elizabethtown.
      1020 Yates Chapel Road, Cecilia, KY 42701
      View Details
    • $675,000
      3,541 SF

      Residential Farm with Private Lake

      Spacious home on 12.6 acres with stocked lake.
      1209 Hansborough Road, Cecilia, KY 42724
      View Details
    • $380,000
      1,814 SF

      Mini Farm on 11 Acres

      Residential farm with a four-bedroom brick ranch home.
      307 Howevalley Road, Cecilia, KY 42724
      View Details
    • $820,000

      Agricultural Land with Pole Buildings

      Two-parcel tract with large acreage and multiple outbuildings, including pole buildings and an electric one-story bungalow.
      1859 Shipley Road, Cecilia, KY 42724
      View Details
    • $724,000

      Cecilia, KY Vacant Land

      43.66 acres of R-2 zoned land in Cecilia, KY.
      199 Bethlehem Academy Rd, Cecilia, KY 42724
      View Details
    • $799,900
      2,974 SF

      Residential Farm, 1-1/2 Story - Cecilia, KY

      1096 Eastview Rd, Cecilia, KY 42724
      View Details
    • $299,900
      1,440 SF

      Ranch Home in Hollywood Ranch

      Well-maintained 3-bedroom ranch on 0.69-acre lot in Cecilia, KY.
      596 Rodeo Drive, Cecilia, KY 42724
      View Details
    • $724,000

      43.66 Acres Vacant Land

      43.66 acres of vacant land in Cecilia, Kentucky.
      199 Bethlehem Academy Road, Cecilia, KY 42724
      View Details
    • $69,900

      Cecilia, KY - 1 Acre Lot

      One-acre rural lot in Cecilia, perfect for building a home.
      6474 Hardinsburg Rd, Cecilia, KY 42724
      View Details
    • $88,800
      1,248 SF

      Cecilia Ranch on One Acre

      Rustic 3-bedroom ranch on a spacious 1-acre lot.
      1669 N Grandview Church Road, Cecilia, KY 42724
      View Details
    • $89,900

      Hunting and Homesite Land Tract

      A recently surveyed 6.5-acre tract with a hilltop homesite, privacy, and utilities available at the road.
      Tract 1 Leitchfield Road, Cecilia, KY 42724
      View Details
    • $69,900

      One Acre Residential Lot

      One-acre lot in Cecilia, perfect for building a custom home.
      6474 Hardinsburg Road, Cecilia, KY 42724
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Road-front development site with back-of-lot railroad access near local industry and interstate routes.
    Where is this residential land & home lot located?
    The property is located at 9000 Leitchfield Road Cecilia, KY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Development property with road frontage on US62.; Easy access to local industry, Interstate, and parkways.; Ideal for development, potentially for rick houses.
    (270) 766-2613
    We can help!
    Listing Contact
    Mark Haynes
    Mark Haynes
    Real Estate License ID: 199572
    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
    9000 Leitchfield Road, Cecilia, KY 42724
    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!