Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sub Cherokee Trace Blvd Hopkinsville, KY 42240
    Back to Search
    Property profile & analytics

    Sub Cherokee Trace Blvd Hopkinsville, KY 42240

    View on Map
    • Land
    • 1.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Sub Cherokee Trace Blvd

    Lot size
    1.37 lot acres
    Property type
    Land

    Description

    This exceptional 1.37-acre commercial land parcel presents a remarkable investment opportunity in Hopkinsville, Kentucky. Located in the desirable Cherokee Trace Sub, this property boasts a prime location with convenient access to major transportation arteries, including Highway 41 and the Pennyrile Parkway. Its strategic positioning adjacent to a Huck's gas station and a UPS hub ensures high visibility and significant foot traffic, maximizing potential for a variety of commercial ventures. The property is zoned for Heavy Industrial use (1-2), offering flexibility for diverse development projects. The seller is open to exploring build-to-suit options, subdivision possibilities, or land lease agreements, providing adaptable solutions for prospective buyers. This well-maintained lot features ample road frontage and readily available water and sewer services, ensuring a seamless transition into development. The asking price for this exceptional property is $225,000. The property's Assessed Parcel Number (APN) is 254, 00, 02 002, 00. With its strategic location, versatile zoning, and potential for various development scenarios, this property represents a truly exceptional investment opportunity in a thriving Kentucky market. Don't miss this chance to secure a piece of Hopkinsville's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinsville
    County
    Christian
    State
    Kentucky
    Longitude
    -87.4603
    Latitude
    36.8439

    Comparable in this City

    • Value Estimation by Request
      1.65 Acres

      3980 Fort Campbell Blvd

      Land • 1.65 Acres
      3980 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Value Estimation by Request
      1.93 Acres

      Lovers Ln

      Land • 1.93 Acres
      0 Lovers Ln, Hopkinsville, KY 42240
      View Details
    • Value Estimation by Request
      2.73 Acres

      Lovers Ln

      Land • 2.73 Acres
      0 Lovers Ln, Hopkinsville, KY 42240
      View Details
    • Value Estimation by Request
      1.00 Acre

      Fort Campbell Blvd

      Land • 1.00 Acre
      0 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Value Estimation by Request
      0.67 Acres

      4018 Fort Campbell Blvd

      Land • 0.67 Acres
      4018 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Value Estimation by Request
      2.00 Acres

      Lovers Ln

      Land • 2.00 Acres
      0 Lovers Ln, Hopkinsville, KY 42240
      View Details

    Similar Nearby for Sale

    • $589,000
      46.02 Acres

      46-Acre Tract on Hwy 41N

      46-acre tract on Hwy 41N, ideal for hobby farm.
      000 Madisonville Rd, Hopkinsville, KY 42240
      View Details
    • New
      Contact for pricing
      Pending

      Hopkinsville Land For Sale

      0.42 acre lot with utilities near North Fork Little River.
      210 Crescent St, Hopkinsville, KY 42240
      View Details
    • $2,277,000
      17.30 Acres

      Hopkinsville Land for Development

      17.3 acre commercial land with prime development potential.
      Cor Of Lover Ln. And Conference Ctr Dr, Hopkinsville, KY 42240
      View Details
    • Contact for pricing

      Land Outparcels in Hopkinsville

      Approximately 3 acres of land in Hopkinsville Towne Center.
      4875 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Contact for pricing
      Pending

      Residential Land in Hopkinsville, KY

      Residential lot with road frontage on two streets.
      Cates St, Hopkinsville, KY 42240
      View Details
    • $349,900

      High-Visibility Commercial Lot For Sale

      High-traffic location with frontage on Eagle Way Bypass.
      9501 Eagle Way Byp, Hopkinsville, KY 42240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail and Land Opportunity

      Retail and land available on Fort Campbell Boulevard.
      4000 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Contact for pricing
      21,000 SF

      Hopkinsville Commercial Office/Warehouse Space

      Office and climate-controlled warehouse space available for lease.
      208 Bradshaw Pike Ext, Hopkinsville, KY 42240
      View Details
    • $20 SF/Yr
      11,157 SF

      Hopkinsville Retail Sublease Opportunity

      Freestanding building, high visibility, 11,157 sq ft.
      2626 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $4,000 /Mo

      Office Space on High-Traffic Boulevard

      500 sq ft office space with great visibility.
      1102 E 21St St, Hopkinsville, KY 42240
      View Details
    • Contact for pricing

      Freestanding Building on Fort Campbell

      Freestanding vacant building available for sublease on Fort Campbell Boulevard.
      2626 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Contact for pricing
      143,500 SF

      Hopkinsville Warehouse Space Available

      143,500 sq ft warehouse space for lease.
      1121 Skyline Dr, Hopkinsville, KY 42240
      View Details
    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.
    Sub Cherokee Trace Blvd
    Hopkinsville, KY 42240
    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
    Sub Cherokee Trace Blvd, Hopkinsville, KY, 42240
    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!