Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1370 Dixie Hwy Horse Cave, KY 42749
    Back to Search
    Property profile & analytics

    1370 Dixie Hwy, Horse Cave, KY 42749

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1370 Dixie Hwy

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 1370 S Dixie Highway in Horse Cave, Kentucky, presents a unique investment opportunity. Priced at $235,000, the property is classified as special purpose and includes a substantial warehouse exceeding 1000 square feet, ideal for storage or various commercial uses. A spacious showroom is perfectly suited for merchandising displays, enhancing the property's retail potential. The property also features a convenient office space and a restroom, adding to its functionality and appeal. Its strategic location in Horse Cave offers easy access to essential amenities, including a nearby hospital, shopping centers, and restaurants, ensuring high visibility and convenient access for both employees and customers. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a versatile commercial property in a thriving Kentucky community. The property sits on land, with the exact acreage needing to be independently verified. The address is 1370 S Dixie Highway, Horse Cave, KY 42749. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horse Cave
    County
    Hart
    State
    Kentucky
    Longitude
    -85.8691
    Latitude
    37.204

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      1481 Dixie St

      Multifamily properties • 1.00 Acre
      1481 Dixie St, Horse Cave, KY 42749
      View Details
    • Value Estimation by Request

      I-65

      Refrigerated & Cold Storage
      0 I-65, Cave City, KY 42749
      View Details
    • Value Estimation by Request

      2395 Jackson Hwy

      COMMERCIAL (GENERAL)
      2395 Jackson Hwy, Horse Cave, KY 42749-8036
      View Details
    • Value Estimation by Request
      3.46 Acres

      Main St

      COMMERCIAL (GENERAL) • 3.46 Acres
      Main St, Horse Cave, KY 42749
      View Details
    • Value Estimation by Request
      5.23 Acres

      New St

      COMMERCIAL (GENERAL) • 5.23 Acres
      New St, Horse Cave, KY 42749
      View Details
    • Value Estimation by Request
      2,400 SF

      3321 Dixie Hwy

      COMMERCIAL (GENERAL) • 2,400 SF
      3321 Dixie Hwy, Horse Cave, KY 42749-1486
      View Details

    Similar Nearby for Sale

    • $75,000
      5.60 Acres

      5.6 Acres in Horse Cave

      Land for sale near Horse Cave, Kentucky.
      London Pace Sink Rd, Horse Cave, KY 42749
      View Details
    • $90,000
      9.00 Acres

      Kentucky Land Near Interstate 65

      9-acre tract in Hart County, 5 minutes from I-65.
      2023 Fisher Ridge Rd, Horse Cave, KY 42749
      View Details
    • $298,000
      17.78 Acres

      Recreational Land Near Mammoth Cave

      17.78 acre recreational property with Green River frontage.
      1301 Walker Stewart Rd, Horse Cave, KY 42749
      View Details
    • $306,000
      36.00 Acres

      Kentucky Land with Recreational Potential

      36 acres near Horse Cave, KY, suitable for recreation.
      1410 Short Cut Rd, Horse Cave, KY 42749
      View Details
    • $325,000
      39.05 Acres

      Woodland Hunting Land Near Park

      39 acres of woodland with hunting cabin near Mammoth Cave.
      2328 Fisher Ridge Rd, Horse Cave, KY 42749
      View Details
    • $299,950
      60.00 Acres

      60 Acres in Hart County

      Secluded 60-acre property perfect for recreation and building.
      Fisher Ridge Rd, Horse Cave, KY 42749
      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.
    1370 Dixie Hwy
    Horse Cave, KY 42749
    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
    1370 Dixie Hwy, Horse Cave, KY, 42749
    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!