Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Key Village Rd Russell Springs, KY 42642

    Property Lookup

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

    35 Key Village Rd Russell Springs, KY 42642

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

    Current Use by Public Records

    • Land

    Property Details for 35 Key Village Rd

    Property type
    Land

    Description

    This exceptional 1.61-acre commercial land parcel presents a prime retail development opportunity in the thriving Key Village Shopping Center, situated at 35 Key Village Road in Russell Springs, Kentucky, zip code 42642. Boasting excellent visibility and high traffic counts exceeding 11,000 vehicles daily, this property offers significant potential for a variety of businesses. The strategic location along US 127 ensures maximum exposure to a substantial customer base. The property is zoned C-1 (Highway Oriented Commercial), providing flexibility for a wide range of retail, wholesale, and service-oriented uses. This single-tenant outlot presents a unique chance to establish a strong presence in a growing market. The property's size and zoning make it ideal for a variety of commercial developments, catering to the needs of both local residents and travelers. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a desirable Kentucky market. The property is available for both sale and lease. Detailed information regarding the terms of sale and lease are available upon request. This is an exceptional opportunity for investors and developers seeking a high-impact commercial investment in a dynamic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Russell Springs
    County
    Russell
    State
    Kentucky
    Longitude
    -85.073
    Latitude
    37.0699

    Comparable in this City

    • Value Estimation by Request
      1.12 Acres

      73 Key Village Rd

      Land • 1.12 Acres
      73 Key Village Rd, Russell Springs, KY 42642
      View Details
    • Value Estimation by Request
      1.10 Acres

      2489 Lakeway Dr

      Land • 1.10 Acres
      2489 Lakeway Dr, Russell Springs, KY 42642
      View Details
    • Value Estimation by Request

      73 Key Village Rd

      Land
      73 Key Village Rd, Russell Springs, KY 42642
      View Details
    • Value Estimation by Request
      1.10 Acres

      2489 Lakeway Dr

      Land • 1.10 Acres
      2489 Lakeway Dr, Russell Springs, KY 42642
      View Details
    • Value Estimation by Request
      6.09 Acres

      77 Powell Rd

      Land • 6.09 Acres
      77 Powell Rd, Russell Springs, KY 42642
      View Details
    • Value Estimation by Request
      1.61 Acres

      35 Key Village Rd

      Land • 1.61 Acres
      35 Key Village Rd, Russell Springs, KY 42642
      View Details

    Similar Nearby for Sale

    • $30,000
      0.93 Acres

      Unrestricted Land Near Lake Cumberland

      0.934-acre unrestricted corner lot near Lake Cumberland Marina.
      Jonah Kelsey Rd, Russell Springs, KY 42642
      View Details
    • $30,000
      1.09 Acres

      Unrestricted Land Near Lake Cumberland

      1.086-acre lot near Lake Cumberland Marina in Russell Springs.
      Jonah Kelsey Rd, Russell Springs, KY 42642
      View Details
    • New
      $59,000
      1.49 Acres

      Unrestricted Land Near Lake Cumberland

      1.49 acres of unrestricted land near Lake Cumberland.
      3136 Parks Ridge Rd, Russell Springs, KY 42642
      View Details
    • $65,000
      0.23 Acres

      Land with Utilities Ready

      Vacant land with water, electric, and septic ready.
      240 El Mcgowan Rd, Russell Springs, KY 42642
      View Details
    • $39,000
      3.50 Acres

      Land in Russell Springs, KY

      3.498-acre lot available in Edgewater Subdivision.
      Edgewater Subdivision, Russell Springs, KY 42642
      View Details
    • $65,000
      Pending

      Unrestricted Land in Russell Springs

      6 acres of unrestricted land with build-ready area.
      1702 Ky-619, Russell Springs, KY 42642
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development Land For Lease

      1.118 acres of retail development land for lease.
      73 Key Village Rd, Russell Springs, KY 42642
      View Details
    • Contact for pricing

      Retail Development Land in Kentucky

      1.1 acres of retail development land in Russell Springs, KY.
      2489 Lakeway Dr, Russell Springs, KY 42642
      View Details
    • Contact for pricing

      Retail Development Land in Kentucky

      1.1 acre retail development land for lease or sale.
      2489 Lakeway Dr, Russell Springs, KY 42642
      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.
    35 Key Village Rd
    Russell Springs, KY 42642
    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!