Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Building Lot with Utilities Title is generated by Realmo AI

    Billy T Drive lot 24, Elkton, KY 42220

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Elkton, KY

    Lot size:
    0.24 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for Billy T Drive lot 24

    General Information

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

    We can help!

    Listing Contact
    Lisa Miller

    Listing agent Lisa Miller License #271913

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Apr 15, 2026

    MLS# RA20262124 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Upscale neighborhood in Todd County.
    • Utilities available: Water, Electricity, Fiber Optic Internet, City Sewage, and Atmos Gas.
    • Convenient location accessible to Clarksville, TN, Hopkinsville, and Bowling Green.
    • Building lots available starting at .24 acre.
    • Located in one of Kentucky's finest small towns.
    • Minimum home size of 1500 sq ft with a 2‑car garage.

    Overview

    This offering is a residential building lot in Crouch Farm Estates, a new upscale neighborhood in Todd County. The lot size is listed at 0.24 acres. Utilities are available on the property, including water, electricity, fiber optic internet, city sewage, and Atmos gas, supporting straightforward development. Architectural and home-use requirements apply, including a minimum 1,500-square-foot home requirement and the inclusion of a two-car garage.

    The property is located in Elkton, Kentucky (Todd County). The listing notes convenient access to Clarksville, TN, Hopkinsville, and Bowling Green, which may be relevant for commuting, shopping, and day-to-day services.

    For buyers seeking to build on a serviced residential lot, this site provides the practical benefit of multiple utilities already brought to the property. The stated minimum home size and two-car garage requirement help clarify expectations for what can be constructed, making it easier to plan a custom build within the neighborhood’s guidelines.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elkton
    County
    Todd
    State
    Kentucky
    Longitude
    -87.1584124
    Latitude
    36.7971365

    Nearby Similar for Sale

    • $599,900
      4,750 SF

      Elkton, KY Commercial Opportunity

      9500 sq ft building with potential in Elkton, KY.
      70 Public Square, ELKTON, KY 42220
      View Details
    • $159,900
      2,800 SF

      Turnkey Commercial Property in Elkton

      Renovated commercial property suitable for restaurant, store, or vendor mall.
      12349 ALLEGRE ROAD, ELKTON, KY 42220
      View Details
    • $400,000

      Elkton, KY Land For Sale

      9-acre commercial land with road frontage in Elkton, KY.
      E Jefferson Davis Hwy, ELKTON, KY 42220
      View Details
    • $127,777
      1,284 SF

      One-Story Duplex in Elkton, KY

      Duplex with immediate income potential in Elkton, Kentucky.
      410 S Streets Ave, Elkton, KY 42220
      View Details
    • $224,900

      Hunting Land with Cabin View

      Hunting land on a dead end road with an expansive view suitable for a cabin site.
      48 Acres Marvin Powell Road, Elkton, KY 42220
      View Details
    • $400,000

      Commercial Lot in New Subdivision

      2.02 acre commercial lot in Elkton's newest subdivision.
      New Hwy 68 W, ELKTON, KY 42220
      View Details
    • $30,000

      Land in Ramsey Place, Elkton

      Land for new home or construction project in Elkton, KY.
      Keith Trail, ELKTON, KY 42220
      View Details
    • $35,000

      Residential Building Lot with Utilities

      Build a single-family home with city services and fiber internet available at the lot in Crouch Farm Estates.
      Billy T Drive lot: 26, Elkton, KY 42220
      View Details
    • $35,000

      Residential Building Lot in Crouch Farm

      Build-ready residential lot with utilities in place and a minimum home size requirement.
      Billy T Drive lot: 23, Elkton, KY 42220
      View Details
    • $30,000

      Residential Building Lot with Utilities

      Build-ready residential lot in Crouch Farm Estates with utilities available on site and minimum home standards.
      Billy T Drive lot: 18, Elkton, KY 42220
      View Details
    • $35,000

      Residential Building Lot in Planned Community

      Build-ready lot in Crouch Farm Estates with utilities available and a stated minimum home requirement.
      Billy T Drive lot: 11, Elkton, KY 42220
      View Details
    • $35,000

      Residential Building Lot with Utilities

      Building lot in Crouch Farm Estates with water, electricity, fiber internet, city sewage, and gas available on site.
      Billy T Drive lot: 21, Elkton, KY 42220
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build a custom home on a residential lot with water, electricity, fiber, city sewage, and gas available on-site.
    Where is this residential land & home lot located?
    The property is located at Billy T Drive lot 24 Elkton, KY.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Upscale neighborhood in Todd County.; Utilities available: Water, Electricity, Fiber Optic Internet, City Sewage, and Atmos Gas.; Convenient location accessible to Clarksville, TN, Hopkinsville, and Bowling Green.
    (270) 348-5105
    We can help!
    Listing Contact
    Lisa Miller
    Real Estate License ID: 271913
    Learn More
    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
    Billy T Drive lot: 24, Elkton, KY 42220
    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!