Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Thompsonville Hwy 911 Oak Grove, KY 42262

    Sponsored
    For Sale
    $775,000

    High-traffic location, 1.74 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This exceptional 1.74-acre commercial land parcel presents a unique investment opportunity in Oak Grove, Kentucky. Strategically located adjacent to a Walmart Supercenter, this property boasts high visibility and accessibility, ensuring significant exposure to a substantial customer base. The land features three convenient entrances, facilitating ease of access and potential for diverse development options. A completed survey is available for review within the property documents, providing comprehensive details regarding boundaries and potential usage. The asking price for this prime commercial land is $775,000. Its prime location beside a major retailer makes it ideal for a variety of commercial ventures, from retail establishments to complementary businesses that benefit from the high traffic volume generated by the adjacent Walmart. The three entrances offer flexibility in site planning and development, maximizing potential usage and return on investment. This property represents a rare opportunity to acquire a highly visible and accessible commercial land parcel in a thriving Kentucky community. Serious inquiries are encouraged to explore the full potential of this exceptional investment.

    Property Features for 0 Thompsonville Hwy 911

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    MARK HOLLEMAN
    MARK HOLLEMAN

    Learn more

    HighLights

    • $775,000 asking price.
    • 1.74‑acre commercial land parcel.
    • Located in Oak Grove, KY, near Oak Grove Walmart.
    • Features three property entrances.
    • Survey available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oak Grove
    County
    Christian
    State
    Kentucky
    Longitude
    -87.4250691
    Latitude
    36.6643208

    Nearby Comparable

    • $1,200,000
      0.83 Acres

      Turnkey Income Property on Fort Campbell

      Commercial property with established businesses near Fort Campbell.
      15088 Fort Campbell Blvd, Oak Grove, KY 42262
      View Details
    • $3,550,000
      6,454 SF

      Established Car Wash Near Fort Campbell

      Profitable car wash with high visibility near Fort Campbell.
      14857 Fort Campbell Blvd, Oak Grove, KY 42262
      View Details
    • $6,006,073
      32,660 SF

      Oak Grove Retail Center Investment

      Kentucky Shopping Center - 100% Leased
      200 Segler Dr, Oak Grove, KY 42262
      View Details
    • $2,100,000
      17.45 Acres

      Prime Commercial Land Opportunity

      17.453 acres ideal for retail, hospitality, or mixed-use development.
      2500 Walter Garrett Ln, Oak Grove, KY 42262
      View Details
    • $1,200,000

      Land Opportunity for Car Wash

      Entitled, shovel-ready site for express car wash development.
      255 Tiny Town Rd, Clarksville, TN 37042
      View Details
    • $175,000

      Oak Grove Commercial Land Investment

      High-growth potential, prime location.
      0 Pembroke Oak Grove Rd, Pembroke, KY 42262
      View Details
    • $695,000
      1 SF

      Commercial Lot on Highway

      1.228 acre commercial lot with highway access.
      Tiny Town Rd, Clarksville, TN 37042
      View Details
    • $1,117,305
      74,438 SF

      1.71 Acre Commercial Lot

      Commercial land for sale with high traffic count.
      5 Tiny Town Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing
      0.95 Acres

      Clarksville Commercial Land - 0.95 Acres

      Prime Commercial Lot, High Growth Area
      0 Tobacco Rd, Clarksville, TN 37042
      View Details

    Nearby Similar for Sale

    • $1,600,000
      1.03 Acres

      Established Truck Wash Business Opportunity

      Well-established truck wash business for sale, fully equipped and operational.
      140 Jw Dickinson Rd, Oak Grove, KY 42262
      View Details
    • $1,200,000
      0.83 Acres

      Turnkey Income Property on Fort Campbell

      Commercial property with established businesses near Fort Campbell.
      15088 Fort Campbell Blvd, Oak Grove, KY 42262
      View Details
    • $3,550,000
      6,454 SF

      Established Car Wash Near Fort Campbell

      Profitable car wash with high visibility near Fort Campbell.
      14857 Fort Campbell Blvd, Oak Grove, KY 42262
      View Details
    • $6,006,073
      32,660 SF

      Oak Grove Retail Center Investment

      Kentucky Shopping Center - 100% Leased
      200 Segler Dr, Oak Grove, KY 42262
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic location, 1.74 acres
    Where is this land located?
    The property is located at Thompsonville Hwy 911 Oak Grove, KY.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price.; 1.74-acre commercial land parcel.; Located in Oak Grove, KY, near Oak Grove Walmart.
    Request Owner's contact information
    Thompsonville Hwy 911 Oak Grove, KY 42262
    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.
    Thompsonville Hwy 911
    Oak Grove, KY 42262
    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
    Thompsonville Hwy 911 Oak Grove, KY 42262
    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

    We can help!
    Listing Contact
    MARK HOLLEMAN
    MARK HOLLEMAN
    Real Estate License ID: TN
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.