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    5504 Sportsman Lake Rd Elizabethtown, KY 42701
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    5504 Sportsman Lake Rd Elizabethtown, KY 42701

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    • Commercial land
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    Glendale KY Development Opportunity For Sale
    Contact for pricing

    Glendale KY Development Opportunity

    Land development opportunity near Blue Oval Battery Plant in Glendale, KY.

    5504 Sportsman Lake Rd, Elizabethtown, KY 42701
    View Listing
    Property ID
    US34-0626411
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5504 Sportsman Lake Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Discover an unparalleled opportunity at the heart of Glendale, KY, adjacent to the groundbreaking Blue Oval Battery Plant. This vibrant development deal, spanning across proposed hotel, retail, and special use sectors, offers a unique chance to tap into a burgeoning market driven by innovation and growth. Envision a state-of-the-art hotel that caters to both business travelers and tourists, offering unparalleled hospitality and amenities. Situated next to a major industrial landmark, this development is not just a building project; it’s a beacon for economic growth, job creation, and sustainable living. Join us in shaping the future of Glendale by seizing this rare development opportunity where innovation meets lifestyle.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8640174
    Latitude
    37.591181

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      Prime Corner Real Estate Available

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      Elizabethtown Development Lot For Sale

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    • $8,000,000
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      40 Acres Development Opportunity

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    • New
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      Elizabethtown Commercial Land with Home

      0.83 acres with rental home and development potential.
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      View Details

    Similar Nearby for Sale

    • $4,600,000
      28.66 Acres

      Prime Elizabethtown Commercial Land

      28.66 acres retail or multi-family site in Elizabethtown, KY.
      1901 Veterans Way, Elizabethtown, KY 42701
      View Details
    • Contact for pricing

      Prime Corner Real Estate Available

      3.308 acres at a busy Elizabethtown intersection.
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    • $1,350,000

      Elizabethtown Development Lot For Sale

      5.355 AC development lot in Elizabethtown, Kentucky.
      4964 N Dixie Hwy, Elizabethtown, KY 42701
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    • $8,000,000
      40.34 Acres

      40 Acres Development Opportunity

      Prime commercial land for development with I-65 frontage.
      S Dixie Hwy, Elizabethtown, KY 42701
      View Details
    • $299,000
      0.80 Acres

      Elizabethtown Commercial Land Opportunity

      Prime commercial land near high-traffic area and local amenities.
      4 Drexler Cir, Elizabethtown, KY 42701
      View Details
    • New
      $225,000
      0.83 Acres

      Elizabethtown Commercial Land with Home

      0.83 acres with rental home and development potential.
      308 N Miles St, Elizabethtown, KY 42701
      View Details

    Similar Nearby for Lease

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      Prime Commercial Land Near I-65

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      Commercial Land For Lease

      Commercial land available for ground lease or build to suit.
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      Commercial Parcel on North Dixie

      Land for lease near retail corridor, Elizabethtown, Kentucky.
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      Elizabethtown Development Lot For Lease

      Development lot available for lease in Elizabethtown.
      4897 N Dixie Hwy, Elizabethtown, KY 42701
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      Retail Development Anchored by Publix

      New retail development with outlots and retail space available.
      2300 Ring Rd, Elizabethtown, KY 42701
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      5.13 Acres in Elizabethtown, KY

      5.13 acres available for lease, sale, or build-to-suit.
      4300 N Dixie Hwy, Elizabethtown, KY 42701
      View Details
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    Elizabethtown, KY 42701
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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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