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    For Sale (73)

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    Unrestricted Land Near Nancy, KY
    Contact for pricing
    0.53 Acres

    Unrestricted Land Near Nancy, KY

    0.53 acres of unrestricted land close to town.

    161 Johnathan Ln, Nancy, KY 42544
    View details
    Whitley City Apartment Building
    $200,000
    0.69 Acres

    Whitley City Apartment Building

    Ten-unit apartment building in Whitley City, Kentucky, for sale.

    330 Highway 1651, Whitley City, KY 42653
    View details
    Commercial Land in High Traffic
    $135,900
    0.46 Acres

    Commercial Land in High Traffic

    Commercial land in Somerset, KY, with utilities available.

    2460 Monticello St, Somerset, KY 42501
    View details
    Turnkey Restaurant Opportunity in Strunk
    $350,000
    1,300 SF

    Turnkey Restaurant Opportunity in Strunk

    Commercial property with restaurant potential in Strunk, Kentucky.

    2129 Southern Hwy, Strunk, KY 42649
    View details
    Somerset Multifamily Investment Opportunity
    $550,000
    1,000 SF

    Somerset Multifamily Investment Opportunity

    Multifamily property with 11 units near local boatramp.

    11 Dalton Ln, Somerset, KY 42503
    View details
    Unrestricted Land Near Lake Cumberland
    $275,000
    22.40 Acres

    Unrestricted Land Near Lake Cumberland

    22.4 acres, city water, pond, abundant wildlife, unrestricted.

    3175 Ard Ridge Rd, Nancy, KY 42544
    View details
    Residential Land in Cove Creek
    $89,900
    1.50 Acres

    Residential Land in Cove Creek

    Two combined lots totaling 1.5 acres in Somerset, KY.

    lot 7 & 8 Cove Creek Dr, Somerset, KY 42501
    View details
    Land in Gated Lake Community
    Contact for pricing
    1.40 Acres

    Land in Gated Lake Community

    1.4+/- acre building lot in Beechwood Farms, Nancy, KY.

    Beechwood Dr, Nancy, KY 42544
    View details
    Residential Lot in Silver Creek
    $59,000
    2.78 Acres

    Residential Lot in Silver Creek

    2.78-acre residential lot, private, peaceful, convenient location.

    68 Hollow Creek Dr, Somerset, KY 42503
    View details
    Wooded Lot Near Lake
    $39,900
    1.00 Acre

    Wooded Lot Near Lake

    One-acre wooded building lot near Woodson Bend and Burnside Marina.

    20C Lk Frst Reserve Dr, Bronston, KY 42518
    View details
    Lakeview Lot in White Oak
    Contact for pricing
    0.58 Acres

    Lakeview Lot in White Oak

    Lakeview lot in Nancy, near boat ramp and community amenities.

    368 White Oak Dr, Nancy, KY 42544
    View details
    Unrestricted Land Near Tennessee Border
    $448,999
    77.56 Acres

    Unrestricted Land Near Tennessee Border

    77.56 acres in Strunk, KY, ideal for recreation/farming.

    495 Kentucky 1470, Strunk, KY 42649
    View details
    LAND - Whitley City, KY
    Contact for pricing
    0.23 Acres

    LAND - Whitley City, KY

    Residential land & home lots • 0.23 Acres

    531 S State Hwy 1651, Whitley City, KY 42653
    View details
    Lake Cumberland Land Opportunity
    $185,000
    1.71 Acres

    Lake Cumberland Land Opportunity

    Two adjoining lots in gated community near Lake Cumberland.

    372 Colson Dr, Bronston, KY 42518
    View details
    Commercial Land in Somerset, KY
    $69,500
    0.55 Acres

    Commercial Land in Somerset, KY

    Prime commercial land with utilities in a desirable Somerset location.

    1033 W Columbia St, Somerset, KY 42503
    View details
    Land with Lake Cumberland View
    $39,900
    1.03 Acres

    Land with Lake Cumberland View

    Flat, clear 1.03-acre building lot in gated community.

    25 Laurel Wood Ln, Nancy, KY 42544
    View details
    Whitley City Commercial Property For Sale
    $169,900
    2,500 SF

    Whitley City Commercial Property For Sale

    Commercial property in a prime location with flexible interior space.

    68 Medical Ln, Whitley City, KY 42653
    View details
    Whitley City Commercial Property For Sale
    $169,900
    2,500 SF

    Whitley City Commercial Property For Sale

    Well-appointed commercial property in a prime medical corridor location.

    76 Medical Ln, Whitley City, KY 42653
    View details
    Unrestricted Land with Multipurpose Building
    $129,900
    1.41 Acres

    Unrestricted Land with Multipurpose Building

    1.41 acres with unfinished building near downtown Somerset, KY.

    86 Rose Pt, Somerset, KY 42503
    View details
    Lakeview Lot in Lake Forest
    $120,000
    0.40 Acres

    Lakeview Lot in Lake Forest

    Lake Cumberland lakeview lot in established Lake Forest subdivision.

    670 Water Cliff Dr, Somerset, KY 42501
    View details
    Residential Land in Morning Woods
    $85,500
    2.58 Acres

    Residential Land in Morning Woods

    Three lots totaling 2.58 acres in Somerset, Kentucky.

    75 Morning Mist Dr, Somerset, KY 42501
    View details
    Residential Lot in Somersport Place
    $79,900
    0.52 Acres

    Residential Lot in Somersport Place

    Building lot in established neighborhood, close to amenities.

    Hunter Ln, Somerset, KY 42503
    View details
    Residential Lot in Established Subdivision
    $50,000
    0.53 Acres

    Residential Lot in Established Subdivision

    0.53 acre building lot in desirable Somerset neighborhood.

    Knights Ln, Somerset, KY 42503
    View details
    Land Overlooking Somerset Country Club
    $160,000
    2.50 Acres

    Land Overlooking Somerset Country Club

    2.5-acre vacant land tract with golf course views.

    Estates E-2 & F Tracts Country Clb, Somerset, KY 42503
    View details
    Unrestricted Land Near Nancy, KY
    $49,000
    1.92 Acres

    Unrestricted Land Near Nancy, KY

    1.92 acres of unrestricted land near town.

    217 Johnathan Ln, Nancy, KY 42544
    View details
    32 Acres Near Beaver Creek Marina
    $349,900
    32.00 Acres

    32 Acres Near Beaver Creek Marina

    Unrestricted land near Beaver Creek Marina, Monticello, Kentucky.

    1012 Ky-674, Monticello, KY 42633
    View details
    50 Acres Hunting/Recreational Land
    $150,000
    50.00 Acres

    50 Acres Hunting/Recreational Land

    50 acres of land perfect for hunting and recreation.

    Lower Turkey Creek Rd, Monticello, KY 42633
    View details
    Waterfront Building Lots in Monticello
    $50,000
    1.10 Acres

    Waterfront Building Lots in Monticello

    Two waterfront building lots totaling 1.10 acres.

    1314 Green Hill Estates Rd, Monticello, KY 42633
    View details
    Unrestricted Land Near Nancy, KY
    Contact for pricing
    0.51 Acres

    Unrestricted Land Near Nancy, KY

    0.51 acres of unrestricted land close to town.

    125 Johnathan Ln, Nancy, KY 42544
    View details
    Somerset Multifamily Investment Opportunity
    $599,900
    2.06 Acres

    Somerset Multifamily Investment Opportunity

    Thriving multi-family property with 11 units near local boatramp.

    11 Dalton Ln, Somerset, KY 42503
    View details
    Residential Lot in Somerset, KY
    $149,900
    1.34 Acres

    Residential Lot in Somerset, KY

    1.34 acre lot in 'The Grove' lake subdivision.

    Lakemere Dr, Somerset, KY 42503
    View details
    Lake Lot in Jamestown, KY
    $49,000
    0.70 Acres

    Lake Lot in Jamestown, KY

    Lake lot in Marina Pointe community, ideal for building a home.

    6 Marina Pointe Ct, Jamestown, KY 42629
    View details
    Lake Lot in Jamestown, KY
    $69,000
    1.05 Acres

    Lake Lot in Jamestown, KY

    1.05+/- acre lake lot overlooking Jamestown Marina.

    3 Marina Pointe Ct, Jamestown, KY 42629
    View details
    Commercial Lot Off Hwy 27
    $299,000
    1.00 Acre

    Commercial Lot Off Hwy 27

    Commercial lot near Hwy 27, movie theatre, hotels, and dining.

    125 Mercury Blvd, Somerset, KY 42503
    View details
    Unrestricted Land in Eubank, KY
    $75,000
    2.64 Acres

    Unrestricted Land in Eubank, KY

    2.64 acres of vacant land with development potential.

    9379 Lot Tract 3, Eubank, KY 42567
    View details
    Prime Commercial Land Opportunity
    $979,900
    5.89 Acres

    Prime Commercial Land Opportunity

    5.89-acre parcel in high-traffic area near major retailers.

    300 Washington Dr, Somerset, KY 42501
    View details
    Lakeside Lot in Gated Community
    Contact for pricing
    0.88 Acres

    Lakeside Lot in Gated Community

    0.88-acre lot in Parks Ridge, Russell Springs, KY

    Cascade Cir, Russell Springs, KY 42642
    View details
    Residential Lot in Gated Community
    Contact for pricing
    0.95 Acres

    Residential Lot in Gated Community

    0.95-acre lot in Parks Ridge, near Lake Cumberland.

    Cascade Cir, Russell Springs, KY 42642
    View details
    Residential Land in Bridge Hollow
    $35,000
    0.82 Acres

    Residential Land in Bridge Hollow

    Building lot in Bridge Hollow Lake Community near boat ramp.

    Bridge Hollow Rd, Somerset, KY 42503
    View details
    Land in Sawyer Community
    $129,900
    47.17 Acres

    Land in Sawyer Community

    47.17 acre tract with mountain views and cabin.

    4520 Mill Creek Rd, Parkers Lake, KY 42634
    View details
    Commercial Lots in Union Centre
    $84,900
    0.44 Acres

    Commercial Lots in Union Centre

    Two adjoining commercial lots in a high-traffic area.

    lot 23&24 Center St, Somerset, KY 42501
    View details
    Main Street Commercial Building For Sale
    $775,000
    2,784 SF

    Main Street Commercial Building For Sale

    Prime commercial building on Main Street with expansion potential.

    600 N Main St, Somerset, KY 42501
    View details
    Residential Land in Somerset, KY
    $39,900
    0.43 Acres

    Residential Land in Somerset, KY

    Building lot near schools and shopping for custom home.

    Hunter Ln, Somerset, KY 42503
    View details
    Residential Land in Somerset, KY
    $79,900
    0.49 Acres

    Residential Land in Somerset, KY

    Building lot near schools and shopping in Somerset, Kentucky.

    Hunter Ln, Somerset, KY 42503
    View details
    Lake View Residential Lot
    $89,900
    0.40 Acres

    Lake View Residential Lot

    Residential lot with lake views near marinas and downtown.

    Fountain Way, Somerset, KY 42501
    View details
    Residential Lot Near Lake Cumberland
    $59,900
    0.47 Acres

    Residential Lot Near Lake Cumberland

    Build-ready lot in a lake community near amenities.

    Fountain Way, Somerset, KY 42501
    View details
    Remodeled Multi-Unit Investment Property
    $289,900
    2,000 SF

    Remodeled Multi-Unit Investment Property

    Income-producing property with four updated units near Hwy 27.

    67 Old Cal Hill Rd, Pine Knot, KY 42635
    View details
    Residential Lot in Somersport Place
    $39,900
    0.36 Acres

    Residential Lot in Somersport Place

    Building lot in established neighborhood, close to amenities.

    Hunter Ln, Somerset, KY 42503
    View details
    Waterfront Land in Green Hill
    $54,000
    0.56 Acres

    Waterfront Land in Green Hill

    Waterfront building lot in Green Hill Estates.

    44 Green Hill Estates Rd, Monticello, KY 42633
    View details
    Residential Land Near Lake Cumberland
    $59,900
    1.78 Acres

    Residential Land Near Lake Cumberland

    1.784 acre residential lot near Lake Cumberland, Kentucky.

    426 Cliffside Dr, Russell Springs, KY 42642
    View details
    Luxury Triplex: Instant Cash Flow
    $550,000
    4,800 SF

    Luxury Triplex: Instant Cash Flow

    New luxury triplex in Somerset, KY, fully leased.

    72 Midland Mdws Dr, Somerset, KY 42503
    View details
    Land Near Lake Cumberland
    Contact for pricing
    0.56 Acres

    Land Near Lake Cumberland

    Residential lot near Lake Cumberland in Jacobs Landing Subdivision.

    8 Hobart Ln, Nancy, KY 42544
    View details
    Land Ready For Dream Home
    $179,900
    2.30 Acres

    Land Ready For Dream Home

    Prime land for dream home with utilities and creek views.

    272 Cove Creek Dr, Somerset, KY 42501
    View details
    Bronston, KY Building Lot
    $65,000
    1.21 Acres

    Bronston, KY Building Lot

    Prime building lot in gated Lake Cumberland community.

    38 W Blackberry Ln, Bronston, KY 42518
    View details
    Residential Land Near Lake Cumberland
    $39,900
    0.90 Acres

    Residential Land Near Lake Cumberland

    Land parcel for building a dream home near Lake Cumberland.

    425 Cliffside Dr, Russell Springs, KY 42642
    View details
    Unique Wedding Venue and Parsonage
    $269,000
    2,500 SF

    Unique Wedding Venue and Parsonage

    Church and 3-bedroom home ideal for wedding venue.

    7421 Highway 1676, Science Hill, KY 42553
    View details
    Lake Cumberland Building Lot
    $89,900
    0.49 Acres

    Lake Cumberland Building Lot

    Building lot near Lake Cumberland, ideal for a custom home.

    Fountain Way, Somerset, KY 42501
    View details
    Land in Allen's Landing
    $89,900
    4.00 Acres

    Land in Allen's Landing

    Over 4-acre building lot with lake view.

    250 Tatum Pointe, Somerset, KY 42503
    View details
    Unrestricted Land in Stearns, Kentucky
    Contact for pricing
    3.62 Acres

    Unrestricted Land in Stearns, Kentucky

    3.62 acres of unrestricted land with development potential.

    100 Coal Pit Rd, Stearns, KY 42647
    View details
    Residential Land Near Lake Cumberland
    $69,900
    1.00 Acre

    Residential Land Near Lake Cumberland

    One-acre residential land ideal for a walkout basement home.

    64 Lake Crest Dr, Somerset, KY 42503
    View details
    Somerset, KY Building Lot
    $149,900
    0.85 Acres

    Somerset, KY Building Lot

    Ideal corner lot for apartments or professional building near hospital.

    117 Todd St, Somerset, KY 42503
    View details
    Residential Land Near Lake Cumberland
    $69,900
    0.63 Acres

    Residential Land Near Lake Cumberland

    Residential land ideal for new home construction near Lake Cumberland.

    130 Lake Crest Dr, Somerset, KY 42503
    View details
    Residential Land in Lake Crest
    $69,900
    0.76 Acres

    Residential Land in Lake Crest

    Residential land ideal for new home construction near Lake Cumberland.

    100 Lake Crest Dr, Somerset, KY 42503
    View details
    Lake Cumberland Building Lot
    $59,900
    0.49 Acres

    Lake Cumberland Building Lot

    Building lot near Lake Cumberland, ideal for custom home.

    Fountain Way, Somerset, KY 42501
    View details
    Private Wooded Acres Ready to Build
    $84,900
    4.57 Acres

    Private Wooded Acres Ready to Build

    4.57 acres of restricted, wooded land near Lake Cumberland.

    295 Falls Creek Way, Somerset, KY 42503
    View details
    Wooded Land Near Lake Cumberland
    $39,900
    3.40 Acres

    Wooded Land Near Lake Cumberland

    3.4 acres of wooded land, ideal for vacation home.

    1282 Haynes Knob Rd, Somerset, KY 42501
    View details
    Unrestricted Land Near Nancy, KY
    $49,000
    1.90 Acres

    Unrestricted Land Near Nancy, KY

    1.9 acres of unrestricted land close to town.

    293 Johnathan Ln, Nancy, KY 42544
    View details
    Prime Highway Frontage Opportunity
    $2,900,000
    2.50 Acres

    Prime Highway Frontage Opportunity

    High-traffic location with existing 7,600 sq ft office/garage.

    2820 Highway 27 S, Somerset, KY 42501
    View details
    Residential Lot in Highlands Subdivision
    $60,000
    1.14 Acres

    Residential Lot in Highlands Subdivision

    1.14-acre building lot in established Somerset neighborhood.

    Knights Ln, Somerset, KY 42503
    View details
    Wooded Lot Near Lake
    $39,900
    1.00 Acre

    Wooded Lot Near Lake

    One-acre wooded building lot near Woodson Bend and Burnside Marina.

    20B Lk Frst Reserve Dr, Bronston, KY 42518
    View details
    Commercial Lot Near Highway 27
    $299,000

    Commercial Lot Near Highway 27

    Commercial lot for sale with high visibility and foot traffic.

    125 Mercury Blvd, Somerset, KY 42503
    View details
    21-Acre Unrestricted Farmland Tract
    $259,900

    21-Acre Unrestricted Farmland Tract

    21 acres of flat, unrestricted land with existing barn.

    Unknown, Nancy, KY 42544
    View details
    Picturesque 62-Acre Farm Opportunity
    Contact for pricing

    Picturesque 62-Acre Farm Opportunity

    62-acre farm near Hwy 27 with development potential.

    428 Dick Wilson Rd, Strunk, KY 42649
    View details

    For Lease (1)

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    Eubank Commercial Suites For Rent
    $1,600 / Mo
    2,400 SF

    Eubank Commercial Suites For Rent

    Two combined commercial suites totaling 2,400 sq ft available.

    10275 Highway 27 N, Eubank, KY 42567
    View details

    Leases and Sales on Map

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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 Real Estate Professionals
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