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    For Sale (91)

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    Residential Land in Lake Ridge
    Contact for pricing
    0.49 Acres

    Residential Land in Lake Ridge

    0.4947 acre lot in upcoming Russell Springs subdivision.

    46 Carson Rd, Russell Springs, KY 42642
    View details
    Premier Hunting & Recreational Land
    $299,000
    144.00 Acres

    Premier Hunting & Recreational Land

    144 acres of hunting and recreational land in Creelsboro, KY.

    Kentucky 1058, Jamestown, KY 42629
    View details
    Somerset, KY Land Development
    $500,000
    1.00 Acre

    Somerset, KY Land Development

    14+/- acre commercial land for sale or lease.

    825 Kit Cowan Rd, Somerset, KY 42501
    View details
    Residential Land in Russell Springs
    $33,000
    1.13 Acres

    Residential Land in Russell Springs

    1.1275 acre residential lot in Lake Ridge Estates.

    18 Dockery Rd, Russell Springs, KY 42642
    View details
    Residential Land in Russell Springs
    $34,000
    1.14 Acres

    Residential Land in Russell Springs

    1.1353 acre lot in Lake Ridge Estates Subdivision.

    19 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    1.08 Acres

    Residential Land in Lake Ridge

    1.076 acre lot in upcoming Russell Springs subdivision.

    32 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    1.40 Acres

    Residential Land in Lake Ridge

    1.4033 acre lot in upcoming Russell Springs subdivision.

    33 Dockery Rd, Russell Springs, KY 42642
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    Lake Ridge Estates Land
    $690,000
    50.92 Acres

    Lake Ridge Estates Land

    53 lots with utilities, lake access, and marina nearby.

    100 Dockery Rd, Russell Springs, KY 42642
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    Lake Cumberland Residential Land
    Contact for pricing
    0.56 Acres

    Lake Cumberland Residential Land

    Residential land in gated Lake Cumberland community.

    101 Lakeshore Dr, Russell Springs, KY 42642
    View details
    Commercial Land in Jamestown, KY
    $175,000
    1.50 Acres

    Commercial Land in Jamestown, KY

    Commercial building on 1.42 acres in Jamestown, Kentucky.

    470 N Main St, Jamestown, KY 42629
    View details
    Commercial Lot on South Highway
    $200,000
    0.50 Acres

    Commercial Lot on South Highway

    Prime commercial lot for sale, lease, or build-to-suit.

    40 Saturn Dr, Somerset, KY 42501
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    Residential Lot in Wayne County
    Contact for pricing
    0.43 Acres

    Residential Lot in Wayne County

    0.43-acre lot with septic and water meter in place.

    794 Missouri Valley Rd, Monticello, KY 42633
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    Residential Land Near Jamestown Marina
    Contact for pricing
    0.50 Acres

    Residential Land Near Jamestown Marina

    Residential land for sale near Jamestown Marina, Kentucky.

    14 Lawless Ct, Jamestown, KY 42629
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.77 Acres

    Residential Lot in Lake Ridge

    0.771 acre residential lot in Russell Springs, Kentucky.

    24 Dockery Rd, Russell Springs, KY 42642
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    Commercial Lot Near Hospital
    $100,000
    0.45 Acres

    Commercial Lot Near Hospital

    Commercial lot for sale or lease near hospital.

    76 Thannoli Dr, Somerset, KY 42503
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    Residential Land in Lake Ridge
    Contact for pricing
    0.69 Acres

    Residential Land in Lake Ridge

    0.6862 acre lot in upcoming Russell Springs subdivision.

    28 Piper Rd, Russell Springs, KY 42642
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    51.4 Acres on Crocus Road
    $219,000
    51.40 Acres

    51.4 Acres on Crocus Road

    51.4 acres for hunting, building, farming, or raising livestock.

    1660 Crocus Rd, Jamestown, KY 42629
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    Residential Lot in Upscale Subdivision
    Contact for pricing
    0.47 Acres

    Residential Lot in Upscale Subdivision

    Building lot in desirable Russell Springs neighborhood, convenient location.

    Park Pl, Russell Springs, KY 42642
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    Residential Land in Russell Springs
    Contact for pricing
    1.07 Acres

    Residential Land in Russell Springs

    1.06 acre lot in Lake Ridge Estates Subdivision.

    7 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.91 Acres

    Residential Land in Lake Ridge

    0.9133 acre lot in Russell Springs, Kentucky.

    9 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.79 Acres

    Residential Land in Lake Ridge

    0.79-acre lot in Russell Springs, utilities on-site.

    16 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Russell Springs
    $85,000
    1.12 Acres

    Residential Land in Russell Springs

    1.12-acre lot in Lake Ridge Estates subdivision.

    15 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.81 Acres

    Residential Land in Lake Ridge

    0.8137 acre lot in Russell Springs, Kentucky.

    49 Dockery Rd, Russell Springs, KY 42642
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    Residential Lot in Park Place
    Contact for pricing
    1.83 Acres

    Residential Lot in Park Place

    1.83-acre building lot in Russell Springs with water views.

    Park Pl, Russell Springs, KY 42642
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    Land in Somerset, Kentucky
    Contact for pricing
    0.62 Acres

    Land in Somerset, Kentucky

    Double lot near boat ramps and marinas.

    138 Shiloh Rd, Somerset, KY 42501
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    Unrestricted Land Near Lake Cumberland
    $49,900
    5.94 Acres

    Unrestricted Land Near Lake Cumberland

    5.94 acres of unrestricted land near Lake Cumberland.

    600 James Meece Rd, Somerset, KY 42501
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    Land Near Jamestown Resort & Marina
    $44,900
    0.75 Acres

    Land Near Jamestown Resort & Marina

    0.75 acre lot near Jamestown Resort, suitable for development.

    S Main St, Jamestown, KY 42629
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    Residential Land in Lake Ridge
    Contact for pricing
    1.54 Acres

    Residential Land in Lake Ridge

    1.54 acre lot in upcoming Russell Springs subdivision.

    38 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.81 Acres

    Residential Land in Lake Ridge

    0.81-acre lot in upcoming Russell Springs subdivision.

    29 Piper Rd, Russell Springs, KY 42642
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    Land in Lake Ridge Estates
    Contact for pricing
    0.98 Acres

    Land in Lake Ridge Estates

    0.9845 acre lot in Russell Springs, Kentucky.

    30 Piper Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    1.10 Acres

    Residential Land in Lake Ridge

    1.0999 acre lot in upcoming Russell Springs subdivision.

    31 Piper Rd, Russell Springs, KY 42642
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    Versatile Commercial Property on Hwy 80
    $359,900
    1,800 SF

    Versatile Commercial Property on Hwy 80

    Commercial property with residential features, high visibility, and business potential.

    286 E Steve Wariner Dr, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    1.45 Acres

    Residential Land in Lake Ridge

    1.4471 acre lot in Russell Springs, Kentucky.

    34 Dockery Rd, Russell Springs, KY 42642
    View details
    Monticello Land For Sale
    Contact for pricing
    3.01 Acres

    Monticello Land For Sale

    3.01 acre lot in Greenbriar Road Community.

    1926 Greenbriar Rd, Monticello, KY 42633
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    Residential Land in Russell Springs
    Contact for pricing
    0.60 Acres

    Residential Land in Russell Springs

    0.5999 acre lot in Lake Ridge Estates Subdivision.

    2 Dockery Rd, Russell Springs, KY 42642
    View details
    Lake Ridge Estates Land Lot
    Contact for pricing
    0.95 Acres

    Lake Ridge Estates Land Lot

    Land lot in upcoming area near Lake Cumberland.

    6 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Harrison Subdivision
    $32,000
    0.69 Acres

    Residential Land in Harrison Subdivision

    Four adjoining lots for a private residence or development.

    100 Parker St, Monticello, KY 42633
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.74 Acres

    Residential Lot in Lake Ridge

    0.7424 acre residential lot in Russell Springs, Kentucky.

    50 Dockery Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.53 Acres

    Residential Lot in Lake Ridge

    0.5253 acre residential lot in Russell Springs, Kentucky.

    43 Carson Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.53 Acres

    Residential Lot in Lake Ridge

    0.5253 acre lot in upcoming Russell Springs subdivision.

    44 Carson Rd, Russell Springs, KY 42642
    View details
    Monticello Land Near Conley Bottom
    $65,500
    0.53 Acres

    Monticello Land Near Conley Bottom

    0.53-acre lot with utilities near Conley Bottom Marina.

    5 Lighthouse Rd, Monticello, KY 42633
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    Residential Land in Russell Springs
    $30,000
    1.01 Acres

    Residential Land in Russell Springs

    1.0085 acre lot in Lake Ridge Estates Subdivision.

    20 Dockery Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.71 Acres

    Residential Lot in Lake Ridge

    0.7132 acre residential lot in Russell Springs, Kentucky.

    21 Dockery Rd, Russell Springs, KY 42642
    View details
    Residential Land in Lake Ridge
    Contact for pricing
    1.09 Acres

    Residential Land in Lake Ridge

    1.0929 acre lot in upcoming Russell Springs subdivision.

    40 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.63 Acres

    Residential Land in Lake Ridge

    0.6315 acre lot in upcoming Russell Springs subdivision.

    41 Dockery Rd, Russell Springs, KY 42642
    View details
    37.62 Acres Unrestricted Land
    $249,900
    37.82 Acres

    37.62 Acres Unrestricted Land

    Unrestricted land perfect for recreation, building, or investment.

    501 James Meece Rd, Somerset, KY 42501
    View details
    LAND - Somerset, KY
    $795,000
    21.95 Acres

    LAND - Somerset, KY

    Commercial land • 21.95 Acres

    95 Old Monticello Rd, Somerset, KY 42503
    View details
    Prime Land Near Highway 127
    $350,000
    2.34 Acres

    Prime Land Near Highway 127

    2.3 acre commercial land near businesses and schools.

    Baldett Rd, Russell Springs, KY 42642
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    Land in Lake Ridge Estates
    Contact for pricing
    1.60 Acres

    Land in Lake Ridge Estates

    Residential land in upcoming area near Lake Cumberland.

    36 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    1.48 Acres

    Residential Land in Lake Ridge

    1.48-acre lot in upcoming subdivision near Lake Cumberland.

    37 Dockery Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.53 Acres

    Residential Lot in Lake Ridge

    0.49-acre residential lot in Russell Springs, Kentucky.

    45 Carson Rd, Russell Springs, KY 42642
    View details
    Residential Lot in Lake Ridge
    Contact for pricing
    0.61 Acres

    Residential Lot in Lake Ridge

    0.6059 acre residential lot with utilities in Russell Springs.

    23 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    $36,500
    1.79 Acres

    Residential Land in Lake Ridge

    1.78 Acre lot in upcoming Russell Springs subdivision.

    25 Piper Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.39 Acres

    Residential Lot in Lake Ridge

    0.3882 acre residential lot in upcoming Russell Springs area.

    26 Piper Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.78 Acres

    Residential Lot in Lake Ridge

    0.78 acre residential lot in Russell Springs, Kentucky.

    42 Dockery Rd, Russell Springs, KY 42642
    View details
    Monticello Land Near Lake Cumberland
    $30,000
    2.93 Acres

    Monticello Land Near Lake Cumberland

    2.93 acre lot in gated community near Lake Cumberland.

    78 Sandstone Trl, Monticello, KY 42633
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    Residential Land in Russell Springs
    $31,500
    1.52 Acres

    Residential Land in Russell Springs

    1.5221 acre residential lot in Lake Ridge Estates.

    1 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.60 Acres

    Residential Land in Lake Ridge

    0.5998 acre lot in Russell Springs, Kentucky.

    52 Dockery Rd, Russell Springs, KY 42642
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    Lake Ridge Estates Land Lot
    Contact for pricing
    0.96 Acres

    Lake Ridge Estates Land Lot

    0.9592 acre lot in Russell Springs, Kentucky.

    17 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.68 Acres

    Residential Land in Lake Ridge

    0.6783 acre lot in upcoming Russell Springs subdivision.

    51 Dockery Rd, Russell Springs, KY 42642
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    Land in Lake Ridge Estates
    $45,500
    3.01 Acres

    Land in Lake Ridge Estates

    3.0122 acre lot in Russell Springs, Kentucky.

    5 Carson Rd, Russell Springs, KY 42642
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    Land in Lake Ridge Estates
    Contact for pricing
    0.69 Acres

    Land in Lake Ridge Estates

    0.6942 acre lot in Russell Springs, Kentucky.

    3 Carson Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    0.88 Acres

    Residential Lot in Lake Ridge

    0.8815 acre residential lot in Russell Springs, Kentucky.

    48 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.77 Acres

    Residential Land in Lake Ridge

    0.765 acre lot in upcoming Russell Springs subdivision.

    47 Carson Rd, Russell Springs, KY 42642
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    Land in Lake Ridge Estates
    Contact for pricing
    2.62 Acres

    Land in Lake Ridge Estates

    2.6163 acre lot in upcoming Russell Springs subdivision.

    4 Carson Rd, Russell Springs, KY 42642
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    Lake Cumberland Land For Sale
    Contact for pricing
    0.50 Acres

    Lake Cumberland Land For Sale

    Half-acre lot in gated Lake Cumberland community.

    Lakeshore Dr, Russell Springs, KY 42642
    View details
    Unrestricted Land Near Lake Cumberland
    $139,000
    10.51 Acres

    Unrestricted Land Near Lake Cumberland

    10.51 acres in gated community near Beaver Creek Resort.

    132 Sandstone Point Trl, Monticello, KY 42633
    View details
    Residential Lot in Gated Community
    $45,000
    1.21 Acres

    Residential Lot in Gated Community

    Residential building lot in Lake Cumberland gated community near lake.

    Bowman-Chrisman Rd, Jamestown, KY 42629
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    Land Near Jamestown Resort & Marina
    Contact for pricing
    0.65 Acres

    Land Near Jamestown Resort & Marina

    Building site near Jamestown Resort & Marina with utilities available.

    45 Scafidi Ln, Jamestown, KY 42629
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    Residential Lot in Upscale Subdivision
    Contact for pricing
    0.82 Acres

    Residential Lot in Upscale Subdivision

    0.82 acre building lot in Russell Springs, Kentucky.

    Park Pl, Russell Springs, KY 42642
    View details
    Residential Land in Lake Ridge
    Contact for pricing
    0.51 Acres

    Residential Land in Lake Ridge

    0.5148 acre lot in Russell Springs, Kentucky.

    54 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.57 Acres

    Residential Land in Lake Ridge

    0.5721 acre lot in upcoming Russell Springs subdivision.

    56 Dockery Rd, Russell Springs, KY 42642
    View details
    Lake Cumberland View Lot
    $89,000
    0.77 Acres

    Lake Cumberland View Lot

    0.77-acre lot with seasonal lake views near boat ramps.

    207 Cherry Loop, Jamestown, KY 42629
    View details
    Residential Land in Russell Springs
    Contact for pricing
    0.42 Acres

    Residential Land in Russell Springs

    0.4166 acre lot in Lake Ridge Estates Subdivision.

    10 Dockery Rd, Russell Springs, KY 42642
    View details
    Residential Land in Lake Ridge
    Contact for pricing
    0.40 Acres

    Residential Land in Lake Ridge

    0.4022 acre lot in Russell Springs, Kentucky.

    11 Dockery Rd, Russell Springs, KY 42642
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    Residential Land in Lake Ridge
    Contact for pricing
    0.39 Acres

    Residential Land in Lake Ridge

    0.3949 acre lot in upcoming Russell Springs subdivision.

    12 Dockery Rd, Russell Springs, KY 42642
    View details
    Versatile Commercial Property on Highway
    $259,900
    1,300 SF

    Versatile Commercial Property on Highway

    Commercial property ideal for professional, medical, retail, or office uses.

    262 E Steve Wariner Dr, Russell Springs, KY 42642
    View details
    Residential Land in Lake Ridge
    Contact for pricing
    1.59 Acres

    Residential Land in Lake Ridge

    Lot in upcoming area with utilities on-site near Lake Cumberland.

    35 Dockery Rd, Russell Springs, KY 42642
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    Residential Lot in Lake Ridge
    Contact for pricing
    1.17 Acres

    Residential Lot in Lake Ridge

    1.1656 acre residential lot in Russell Springs, Kentucky.

    8 Dockery Rd, Russell Springs, KY 42642
    View details
    Residential Lot in Lake Ridge
    Contact for pricing
    0.55 Acres

    Residential Lot in Lake Ridge

    0.5531 acre residential lot in Russell Springs, Kentucky.

    53 Dockery Rd, Russell Springs, KY 42642
    View details
    Versatile Commercial Property in Eubank
    $2,225,000
    26,940 SF

    Versatile Commercial Property in Eubank

    Commercial property with five buildings, acreage, and ample parking.

    90 Gats Way, Eubank, KY 42567
    View details
    Prime Land on Highway 914
    $1,100,000
    3.70 Acres

    Prime Land on Highway 914

    3.7 acres on Hwy 914, minutes from Hwy 27/80.

    10 Mary Beth Ln, Somerset, KY 42501
    View details
    Residential Land in Lake Ridge
    Contact for pricing
    0.52 Acres

    Residential Land in Lake Ridge

    0.5196 acre lot in upcoming Russell Springs subdivision.

    27 Piper Rd, Russell Springs, KY 42642
    View details
    Residential Land in Russell Springs
    Contact for pricing
    0.53 Acres

    Residential Land in Russell Springs

    0.5321 acre lot in Lake Ridge Estates Subdivision.

    22 Dockery Rd, Russell Springs, KY 42642
    View details
    Residential Lot in Park Place
    Contact for pricing
    0.45 Acres

    Residential Lot in Park Place

    Building lot in Russell Springs, KY, near Cumberland Parkway.

    Park Pl, Russell Springs, KY 42642
    View details
    Unrestricted Acreage in McCreary County
    $94,900
    80.00 Acres

    Unrestricted Acreage in McCreary County

    80 acres of unrestricted land, perfect for hunting and recreation.

    Corder Flats Rd, Strunk, KY 42649
    View details
    Prime Commercial Land Available
    $475,000
    1.28 Acres

    Prime Commercial Land Available

    1.28 acres near Somerset Mall, suitable for various purposes.

    60 Mercury Blvd, Somerset, KY 42503
    View details
    Warehouse Space Near Downtown Somerset
    Contact for pricing

    Warehouse Space Near Downtown Somerset

    6000 sqft warehouse in good condition, convenient location.

    480 University Dr, Somerset, KY 42503
    View details
    Somerset Medical Office Space
    Contact for pricing
    1,509 SF

    Somerset Medical Office Space

    Prime Medical Office, High Traffic Area

    25 Medpark Square Dr, Somerset, KY 42503
    View details
    Commercial Land Near Airport
    $500,000

    Commercial Land Near Airport

    14+/- acre commercial land for sale or lease.

    825 Kit Cowan Rd, Somerset, KY 42501
    View details
    Commercial Land Near Somerset Mall
    $475,000

    Commercial Land Near Somerset Mall

    1.28 acres near Somerset Mall, suitable for various options.

    60 Mercury Blvd, Somerset, KY 42503
    View details

    For Lease (13)

    View map
    Retail Space For Rent
    $1,890 / Mo
    1,250 SF

    Retail Space For Rent

    Retail space with utility room, bathrooms, and kitchen.

    55 Slate Br Rd Unit, Somerset, KY 42501
    View details
    Downtown Somerset Office Suite
    $2,650 / Mo
    6,000 SF

    Downtown Somerset Office Suite

    Spacious office suite in the heart of downtown Somerset.

    100 Public Sq Unit, Somerset, KY 42501
    View details
    Medical Space in Somerset, KY
    $1.00 SF/Yr
    2,500 SF

    Medical Space in Somerset, KY

    2,500 sq ft medical space available for rent now!

    25 Medpark Dr, Somerset, KY 42503
    View details
    Medical Office Space For Lease
    $4,832 / Mo
    2,094 SF

    Medical Office Space For Lease

    Medical office space in the heart of the medical community.

    55 Medpark Sq Unit, Somerset, KY 42501
    View details
    Somerset Commercial Space For Rent
    $3,613 / Mo
    6,000 SF

    Somerset Commercial Space For Rent

    6,000 SF commercial space with office and warehouse areas.

    27 Brians Way, Somerset, KY 42501
    View details
    Downtown Somerset Office Suite Rental
    $3,500 / Mo
    2,450 SF

    Downtown Somerset Office Suite Rental

    Centrally located office suite in downtown Somerset, Kentucky.

    100 Public Sq, Somerset, KY 42501
    View details
    Retail Space on Highway 27
    $5,995 / Mo
    4,100 SF

    Retail Space on Highway 27

    Large retail space available for lease on Highway 27.

    4360 Unit, Somerset, KY 42501
    View details
    Medical Office Space For Lease
    $28 SF/Yr
    1,980 SF

    Medical Office Space For Lease

    Medical office space in the heart of the medical community.

    55 Medpark Sq Unit, Somerset, KY 42501
    View details
    Visible Retail Space in Somerset
    $3,200 / Mo
    1,547 SF

    Visible Retail Space in Somerset

    High-visibility retail space in a busy commercial area.

    2007 S Highway 27, Somerset, KY 42501
    View details
    Downtown Somerset Office Suite
    $3,500 / Mo
    1,935 SF

    Downtown Somerset Office Suite

    Spacious office suite in a high-traffic downtown location.

    100 Public Sq, Somerset, KY 42501
    View details
    Prime Office Space Available
    $6,000 / Mo
    7,500 SF

    Prime Office Space Available

    First-floor office space in a high-traffic location.

    100 Public Sq, Somerset, KY 42501
    View details
    Somerset Warehouse Space For Lease
    $2,750 / Mo
    6,000 SF

    Somerset Warehouse Space For Lease

    6,000 sq ft warehouse in a convenient Somerset location.

    480 University Dr, Somerset, KY 42503
    View details
    Medical Office Space For Lease
    $18 SF/Yr
    2,032 SF

    Medical Office Space For Lease

    Office space in the heart of the medical community.

    220 Tower Cir, Somerset, KY 42503
    View details

    Leases and Sales on Map

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    Lake Cumberland Properties, Ltd. Co.
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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
    Lake Cumberland Properties, Ltd. Co.
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