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    Dixie Hwy Bonnieville, KY 42713

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    Dixie Hwy Bonnieville, KY 42713

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    • Land
    • 114.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Dixie Hwy

    Lot size
    114.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 114-acre property presents a unique investment opportunity in Bonnieville, Kentucky. Strategically located off Interstate 65, this land boasts convenient access to both the interstate and the town of Glendale, placing it within a 15-minute radius of the new SK On/Ford Motor Company Glendale project in Hardin County. The acreage is ideally situated in northern Hart County, just off I-65, offering unparalleled connectivity. The land itself is a versatile mix of approximately 50% woodlands and 50% open pasture, enhanced by existing perimeter and cross fencing, three ponds, and marketable timber. Utilities are available on-site. This property is characterized by its absence of zoning restrictions, while remaining conveniently located just outside city limits. The land extends from US Highway 31W to the I-65 boundary, adjacent to the new Hart County interchange development project, suggesting significant future growth potential. While seller restrictions apply, the property's diverse features allow for a multitude of uses, including commercial, business, residential, or agricultural development. This presents a rare chance to acquire a substantial parcel of land with exceptional access and development potential in a rapidly growing region. Contact us for complete details and to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonnieville
    County
    Hart
    State
    Kentucky
    Longitude
    -85.9027
    Latitude
    37.3728

    Comparable in this City

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      16.57 Acres

      2732 Priceville Rd

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      6,684 SF

      39 Crk Rd

      BOARDING/ROOMING HOUSE • 6,684 SF
      39 Crk Rd, Bonnieville, KY 42713-8335
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      3,832 SF

      7445 Dixie Hwy

      COMMERCIAL (GENERAL) • 3,832 SF
      7445 Dixie Hwy, Bonnieville, KY 42713-8303
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    • Value Estimation by Request
      4,228 SF

      7615 Dixie Hwy

      COMMERCIAL (GENERAL) • 4,228 SF
      7615 Dixie Hwy, Bonnieville, KY 42713-8343
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    • Value Estimation by Request
      1,664 SF

      8167 Dixie Hwy

      RESTAURANT • 1,664 SF
      8167 Dixie Hwy, Bonnieville, KY 42713-8330
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    • Value Estimation by Request
      4.01 Acres

      5553 Bacon Crk Rd

      COMMERCIAL (GENERAL) • 4.01 Acres
      5553 Bacon Crk Rd, Bonnieville, KY 42713-8509
      View Details

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    Dixie Hwy
    Bonnieville, KY 42713
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    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
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