Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Stonewall Subdivision Title is generated by Realmo AI

    Kelsey Circle lot 29, Russellville, KY 42276

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Russellville, KY

    Lot size:
    1.18 Acres
    Added:
    Aug 12, 2024
    Days on Market:
    662
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for Kelsey Circle lot 29

    General Information

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

    We can help!

    Listing Contact
    Caleb Bruner

    Listing agent Caleb Bruner License #285083

    Listing office Haley Auctions and Realty 51 Sold Lane, Russellville, KY

    Listing date Aug 12, 2024

    MLS# RA20244373 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

    • Prime building lot in desirable Stonewall Subdivision.
    • Spacious lot suitable for a custom home with desired features and amenities.
    • Convenient commute: under 60 miles to Nashville and 23 miles to Bowling Green.
    • Fiber internet and underground utilities available.
    • Protective covenants ensure well‑maintained homes and community standards (minimum 2,400 sq.ft. homes).
    • Scenic views and a blend of country charm and modern convenience.

    Overview

    This 1.18-acre lot is located in the Stonewall Subdivision, offering an opportunity to build a custom home in a desirable Logan County community. The subdivision features spacious lots and is surrounded by well-maintained homes and scenic views. Fiber internet and underground utilities are available. The location is under 60 miles from Nashville and 23 miles from Bowling Green, offering a convenient commute. The subdivision has protective covenants requiring all homes to be a minimum of 2,400 sq. ft.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Russellville
    County
    Logan
    State
    Kentucky
    Longitude
    -86.8286723
    Latitude
    36.8287665

    Nearby Similar for Sale

    • $399,900
      7,500 SF

      Historic Venue in Downtown Russellville

      Versatile commercial property with event venue potential.
      151 E 6th Street, Russellville, KY 42276
      View Details
    • $699,900

      Versatile Commercial Property, Russellville

      Spacious commercial property with high visibility and traffic.
      420 Farmers Drive, Russellville, KY 42276
      View Details
    • $235,000
      8,000 SF

      Prime Commercial Space, Russellville, KY

      High-traffic commercial property with flexible space in Russellville, Kentucky.
      120 SW Park Square, Russellville, KY 42276
      View Details
    • $450,000
      4,000 SF

      Commercial Warehouse on 1.37 Acres

      4,000 sq ft warehouse on 1.37 acres for sale.
      206 N Thurston Drive, Russellville, KY 42276
      View Details
    • $134,000

      Commercial Land with Highway Frontage

      Estimated acreage lot with available utilities and highway visibility near a fuel station, well-suited for future development.
      2.68 Acres W H Brown Road, Russellville, KY 42276
      View Details
    • $795,000

      Cleared Development Land Lot

      Cleared commercial lot with geotech, hazmat, and survey work already completed to help streamline early development.
      102 N Main Street, Russellville, KY 42276
      View Details
    • $750,000

      Newer 4-Plex with In-Unit Laundry

      Turnkey 2025 quadplex with four leased 2-bedroom, 2-bath units, each with appliances and washer/dryer.
      102 Deacon Lane, Russellville, KY 42276
      View Details
    • $384,900

      Cleared Commercial Development Land

      Mostly cleared commercial tract with substantial road frontage and B3 zoning for flexible development planning.
      Sportsman Club Road, Russellville, KY 42276
      View Details
    • $3,350,000

      Well-Maintained Apartment Complex

      For sale apartment complex on a 3-acre lot, offered as a residential income property in Russellville, KY.
      101 Longview Drive, Russellville, KY 42276
      View Details
    • $263,685

      Commercial Development Land with Bypass Access

      Newly surveyed development tract with established entrance and an 8-inch water line for a range of commercial uses.
      Highway 68, Russellville, KY 42276
      View Details
    • $1,049,000

      Storage, Apartment, and Expansion Potential

      Multi-use property with storage units, apartment, and expansion potential.
      1810 Lewisburg Road, Russellville, KY 42276
      View Details
    • $449,000

      Downtown Development Lot

      Fully prepped small downtown lot just off the square, with geotech and hazmat assessments completed for faster development.
      103 S Main Street, Russellville, KY 42276
      View Details

    FAQs

    What type of property is this?
    Land - Spacious building lot in desirable Logan County community.
    Where is this land located?
    The property is located at Kelsey Circle lot 29 Russellville, KY.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Prime building lot in desirable Stonewall Subdivision.; Spacious lot suitable for a custom home with desired features and amenities.; Convenient commute: under 60 miles to Nashville and 23 miles to Bowling Green.
    (270) 893-2362
    We can help!
    Listing Contact
    Caleb Bruner
    Real Estate License ID: 285083
    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
    Kelsey Circle lot: 29, Russellville, KY 42276
    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!