Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Zoned C-3 Commercial Development Land Title is generated by Realmo AI

    Don Franklin Drive, Elizabethtown, KY 42701

    View on Map
    Claim this Listing
    For Sale
    $955,000

    COMMERCIAL - Elizabethtown, KY

    Lot size:
    1.85 Acres
    Added:
    May 15, 2026
    Days on Market:
    21
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for Don Franklin Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.85 Acres

    We can help!

    Listing Contact
    Hearth and Home Team

    Listing agent Hearth and Home Team

    Listing office RE/MAX EXECUTIVE GROUP, INC. 100 Chase Way Suite 1, Elizabethtown, KY

    Listing date May 15, 2026

    MLS# HK2602029

    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

    • Prime commercial lot in a fast‑growing development area.
    • Located next to multiple up‑and‑coming large developments, including the new VA Outpatient Clinic.
    • Zoned C‑3, supporting a wide range of commercial uses (medical, office, retail, hospitality).
    • Lot can be divided into two parcels (1.85 acres and 1.2 acres).
    • Owner offers turnkey build‑to‑suit development services (design, permitting, financing, construction) for qualified tenants.
    • 3.07 Acres of land.

    Overview

    This offering presents commercial development land with C-3 zoning, positioned for build-to-suit development. The property totals 3.07 acres and, if desired, can be divided into two lots for development of separate parcels measuring 1.85 acres and 1.2 acres.

    The lot is located in Elizabethtown, next to multiple large developments, including the new VA Outpatient Clinic. The seller also notes availability of owner-provided services for qualified tenants, including design, permitting, financing, and construction of commercial buildings for creditworthy parties.

    Given the C-3 zoning and the seller’s build-to-suit approach, the site may fit medical users, physician groups, hospital systems, office users, retail users, hospitality users, and other compatible commercial concepts. For buyers and developers, the ability to build as a single parcel or split into two lots offers flexibility in phasing and tenant layout planning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9195599
    Latitude
    37.70319

    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 Drive, Elizabethtown, KY 42701
      View Details
    • $625,000
      4,600 SF

      Elizabethtown Commercial Building For Sale

      Commercial building on 0.9 acres with showroom and warehousing space.
      6270 N Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $650,000

      Established Auto Repair Business Opportunity

      Commercial property operating as an auto repair business since 2010.
      3273 S Dixie Highway, Elizabethtown, KY 42701
      View Details
    • $225,000
      679 SF

      Elizabethtown Commercial Land with Home

      0.83 acres with rental home and development potential.
      308 N Miles Street, Elizabethtown, KY 42701-1833
      View Details
    • $2,000,000

      C-1 Zoned Commercial Development Land

      15-acre C-1 zoned tract adjacent to Hardin County Fairgrounds, positioned for a range of commercial development.
      S Dixie Highway lot: 0, Elizabethtown, KY 42701
      View Details
    • $1,500,000

      Elizabethtown Office Building For Sale

      Income-producing office building with diversified income streams and leasing flexibility.
      2608 Ring Road, Elizabethtown, KY 42701
      View Details
    • $999,900

      Elizabethtown Commercial Investment Opportunity

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

      Elizabethtown Multi-Tenant Office Investment

      Prime office complex with income and growth potential.
      326 N Mulberry Street, Elizabethtown, KY 42701
      View Details
    • $349,000

      Remodeled Commercial Property in Elizabethtown

      Rare, fully remodeled commercial property in downtown Elizabethtown, Kentucky.
      403 N Miles Street, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      827 SF

      Commercial - Elizabethtown, KY

      2791 Shepherdsville Rd, Elizabethtown, KY 42701
      View Details
    • $1,249,099
      1,965 SF

      Commercial - Elizabethtown, KY

      2791 Shepherdsville Rd, Elizabethtown, KY 42701
      View Details
    • $1,550,000

      Commercial Development Land with Utilities

      Nearly five acres of C-4 zoned land with utilities available and direct access for retail and related uses.
      1980 S Dixie Highway, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Elizabethtown suited for a build-to-suit project, including medical and office uses under C-3 zoning.
    Where is this commercial land located?
    The property is located at Don Franklin Drive Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $955,000.
    What are key features of this property?
    This property features: Prime commercial lot in a fast‑growing development area.; Located next to multiple up‑and‑coming large developments, including the new VA Outpatient Clinic.; Zoned C‑3, supporting a wide range of commercial uses (medical, office, retail, hospitality).
    (270) 300-6013
    We can help!
    Listing Contact
    Hearth and Home Team
    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
    Don Franklin Drive, Elizabethtown, KY 42701
    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!