Add Listing
    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

    1234 Park Dr Elizabethtown, KY 42701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13.75 Acres Near Sports Park

    Property Features for 1234 Park Dr

    General Information

    Property type
    Land
    Lot Size
    598,950 SF

    We can help!

    Listing Contact
    Adam House
    Adam House

    Listing Agency: Gold Star Realty Listing Agent: Adam House

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

    Learn more

    Overview

    This exceptional 13.75-acre commercial land parcel in Elizabethtown, Kentucky, presents a remarkable investment opportunity. Located at 1234 West Park Drive, 42701, this cleared lot enjoys unparalleled proximity to the Elizabethtown Sports Park, attracting approximately 165,000 visitors annually. This high-traffic area offers significant potential for a variety of commercial ventures, including restaurants, entertainment venues (arcade, pizza place), hotels, or even a factory or warehouse. The property's strategic location provides easy access to major roadways such as Ring Road, I-65, Lincoln Parkway, Bluegrass Parkway, and Western Kentucky Parkway, ensuring convenient transportation and accessibility. Given Hardin County's projected population boom in the next five years, this location is poised for substantial growth and increased demand. The site's adjacency to the sports park, coupled with its excellent road access and the county's anticipated population growth, makes it an ideal location for businesses catering to both local residents and visitors. Consider the possibilities: a thriving commercial hub serving the influx of sports enthusiasts and the growing community. This property is being offered via online auction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8955938
    Latitude
    37.6865845

    Nearby Similar for Sale

    • $699,000
      3,200 SF

      New Commercial Shell Building

      3,200 sq ft commercial space ready for customization.
      125 Helmwood Plaza Dr, Elizabethtown, KY 42701
      View Details
    • $515,000
      2,627 SF

      Charming Residence in Summit Creek

      Inviting home in a desirable Elizabethtown neighborhood.
      109 Gaston Cir, Elizabethtown, KY 42701
      View Details
    • $999,900
      0.80 Acres

      Elizabethtown Commercial Investment Opportunity

      Income-producing commercial property with long-term tenants in a high-traffic area.
      907 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $799,900
      0.63 Acres

      Elizabethtown Multi-Tenant Office Investment

      Prime office complex with income and growth potential.
      326 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $879,900
      4,837 SF

      Luxury Estate with Geothermal Efficiency

      Custom-built estate with geothermal efficiency, pool, and creek access.
      108 Rippling Brook Ct, Elizabethtown, KY 42701
      View Details
    • $499,500
      3,586 SF

      Spacious Home with Versatile Living

      Four-bedroom home with in-law suite potential in Elizabethtown, KY.
      417 Graceland Trl, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      827 SF

      High-Exposure Commercial Property, Elizabethtown

      Versatile commercial building on a 1-acre parcel with parking.
      2791 Shepherdsville Rd, Elizabethtown, KY 42701
      View Details
    • $575,000
      3,164 SF

      Spacious Home in Summit Creek

      Landscaped home with in-law suite and desirable community.
      129 Highpoint Ct, Elizabethtown, KY 42701
      View Details
    • $795,000
      0.58 Acres

      Historical Downtown Elizabethtown Retail/Dining Property

      Historical property in downtown Elizabethtown, suitable for retail and dining.
      251 W Dixie Ave, Elizabethtown, KY 42701
      View Details
    • $1,500,000
      1.16 Acres

      Elizabethtown Office Building For Sale

      Income-producing office building with diversified income streams and leasing flexibility.
      2608 Ring Rd, Elizabethtown, KY 42701
      View Details
    • $1,850,000
      1.70 Acres

      Elizabethtown Commercial Office Building

      Prime commercial office building in Elizabethtown, Kentucky, for sale.
      617 N Mulberry St, Elizabethtown, KY 42701
      View Details
    • $314,900
      2,084 SF

      Turnkey Airbnb Investment Opportunity

      Fully furnished, income-producing Airbnb property in high-demand Elizabethtown market.
      114 Logan Ave, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Land - 13.75 Acres Near Sports Park
    Where is this land located?
    The property is located at 1234 Park Dr Elizabethtown, KY.
    What are key features of this property?
    This property features: 13.75-acre commercial land parcel in Elizabethtown, KY.; Located at 1234 West Park Drive, Elizabethtown, KY 42701.; Adjacent to Elizabethtown Sports Park, attracting approximately 165,000 visitors annually.
    (270) 723-1007 Call to check price and availability
    Request Owner's contact information
    1234 Park Dr Elizabethtown, KY 42701
    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.
    1234 Park Dr
    Elizabethtown, KY 42701
    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
    1234 Park Dr Elizabethtown, KY 42701
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam House
    Adam House
    Real Estate License ID: KY218602
    (270) 723-1007 (270) 765-3999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!