Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    81 Lot 8 Hwy Calhoun, KY 42327

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    81 Lot 8 Hwy Calhoun, KY 42327

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

    Current Use by Public Records

    • Land

    Property Details for 81 Lot 8 Hwy

    Lot size
    1.42 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 1.418-acre farm parcel, located at Lot 8 Hwy 81 in Calhoun, Kentucky (zip code 42327), presents a unique opportunity for buyers seeking a tranquil country lifestyle with convenient access to amenities. Zoned RES, this property boasts a park-like setting, having been meticulously manicured and is ready for immediate development. Utilities are ready for installation, making construction seamless. The land is lightly wooded and offers ample space for building your dream home. Open to all builders, this "shovel-ready" lot is ideal for those seeking a quick start on their project. Enjoy the benefits of low McLean County taxes, offering significant value for your investment. Situated just 15 miles from the Owensboro Bypass, this location provides easy access to the city while maintaining a peaceful rural atmosphere. The lot encompasses 61,768 square feet, providing ample space for a variety of building plans. Don't miss this chance to own a piece of Kentucky countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calhoun
    County
    McLean
    State
    Kentucky
    Longitude
    -87.2817
    Latitude
    37.5862

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      81 And Hwy

      Land • 1.00 Acre
      81 And Hwy, Calhoun, KY 42327
      View Details
    • Value Estimation by Request
      1.50 Acres

      81 Lot 5 Hwy

      Land • 1.50 Acres
      81 Lot 5 Hwy, Calhoun, KY 42327
      View Details
    • Value Estimation by Request
      9.80 Acres

      000 Hwy

      Land • 9.80 Acres
      000 Hwy, Calhoun, KY 42327
      View Details
    • Value Estimation by Request
      1.47 Acres

      81 Lot 9 Hwy

      Land • 1.47 Acres
      81 Lot 9 Hwy, Calhoun, KY 42327
      View Details
    • Value Estimation by Request
      1.42 Acres

      81 Lot 8 Hwy

      Land • 1.42 Acres
      81 Lot 8 Hwy, Calhoun, KY 42327
      View Details
    • Value Estimation by Request
      0.50 Acres

      130 Wilson Ln

      Land • 0.50 Acres
      130 Wilson Ln, Calhoun, KY 42327
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      669.92 Acres

      Agricultural Land with River Frontage

      669.92 acres of agricultural and recreational land for sale.
      1404 Trailer Rd, Calhoun, KY 42327
      View Details
    • $2,700,000
      50.73 Acres

      Poultry Breeder Farm on 50+ Acres

      Operating poultry farm with 11 barns on 50.73 acres.
      1432 State Route 797, Calhoun, KY 42327
      View Details
    • $1,450,000

      Poultry Operation with Six Barns

      Commercial poultry operation with six barns on 20 acres.
      7540 State Route 136 W, Calhoun, KY 42327
      View Details
    • $1,350,000
      960 SF

      Broiler Poultry Farm with Residence

      Well-maintained poultry farm with residence and income potential.
      7540 Ky-136 W, Calhoun, KY 42327
      View Details
    • $1,350,000

      Operating Poultry Farm on 30 Acres

      Operating poultry farm with 5 barns contracted to Tyson.
      2000 State Route 797, Calhoun, KY 42327
      View Details
    • $125,000
      12.47 Acres

      Land on Highway 56

      12.47 acres with road frontage and wooded area.
      0000 Ky-56, Calhoun, KY 42327
      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.
    81 Lot 8 Hwy
    Calhoun, KY 42327
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!