Versatile Commercial Property with Expansion
912 N Dixie Hwy, Elizabethtown, KY 42701
For Sale
$1,375,000
Multi-faceted commercial asset with storage, warehouse, and retail components.
Property Size13,662 SF
Price / SF$100.64
Days on Market289
Property Features for 912 N Dixie Hwy
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Keller Williams Heartland
Listed By:
Rachel Brantingham
(270) 401-2801
Source:
Kcrea.resimplifi
Added: Jan 26
Changed: Nov 1
Last Checked: Nov 8 at 2:10AM
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 Keller Williams Heartland
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Investment Insights
Based on property information with market context.
This commercial property features a diversified, income-producing layout with multiple value-add opportunities. It includes five distinct sections of climate-controlled storage, currently operating 55 storage units, with the ability to expand by adding six additional units. A large vacant warehouse measuring approximately 20.5 x 56 feet provides flexibility for additional storage expansion, contractor use, flex space, or other permitted commercial applications. At the front of the property, there is a 2,160 square foot retail space with visibility along N Dixie Highway. This retail area can be easily divided into two separate units. An existing easement allows for parking, enhancing accessibility for retail tenants, warehouse operations, and customers. The climate-controlled units provide secure, year-round storage. The property offers immediate cash flow with upside through unit expansion, warehouse utilization, and retail leasing. The property combines storage, warehouse, and retail components in a high-visibility location. The property size is 13,662 square feet.
Key Highlights
- Diversified income streams from storage units, warehouse, and retail space in a high‑visibility location on N Dixie Highway.
- Existing 55 climate‑controlled storage units with the ability to add 6 more for increased revenue.
- Large vacant warehouse (approx. 20.5 x 56 feet) suitable for storage expansion, contractor use, or flex space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,507
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,140
$2.3M
Cap Rate 7%
$1,650,100
$1.7M
Cap Rate 9%
$1,283,411
$1.3M
Market Conditions
NOI Build-Up for 13,662 SF
Gross rent
$180.3K $13.20/SF
− Vacancy
−$15.3K −$1.12/SF
EGI
$165.0K $12.08/SF
− OpEx
−$49.5K −$3.62/SF
NOI
$115.5K $8.45/SF
Area
Hardin County, KY
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,140
Cap Rate 7%
$1,650,100
Cap Rate 9%
$1,283,411
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $150,933 @ 7.0% cap · market cap 10.98%
Second Best
Self Storage
$1.65M
$1.44M – $1.93M
NOI $115,507 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,125 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
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Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Multi-faceted commercial asset with storage, warehouse, and retail components.
Where is this self storage facility located?
The property is located at 912 N Dixie Hwy Elizabethtown, KY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Diversified income streams from storage units, warehouse, and retail space in a high‑visibility location on N Dixie Highway.; Existing 55 climate‑controlled storage units with the ability to add 6 more for increased revenue.; Large vacant warehouse (approx. 20.5 x 56 feet) suitable for storage expansion, contractor use, or flex space.
