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    For Sale (32)

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    Red River Gorge Land
    $60,000
    1.23 Acres

    Red River Gorge Land

    1.23 acre lot in the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
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    Red River Gorge Land
    $65,000
    2.10 Acres

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
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    Red River Gorge Land
    $60,000
    0.99 Acres

    Red River Gorge Land

    Land in the heart of Red River Gorge, Kentucky.

    Shawnee Run, Rogers, KY 41365
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    Vacant Land in Hillsboro, KY
    $70,850
    3.94 Acres

    Vacant Land in Hillsboro, KY

    3.937-acre surveyed tract of vacant land with road frontage.

    Crawford Bend Rd, Hillsboro, KY 41049
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    Land For Sale in Rogers
    $45,000
    0.95 Acres

    Land For Sale in Rogers

    0.95 acre lot ideal for investment and development.

    Shawnee Run, Rogers, KY 41365
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    Land Near Red River Gorge
    $30,000
    1.84 Acres

    Land Near Red River Gorge

    1.84 acre lot near Red River Gorge and Kentucky River.

    Lower Hollertop Rd, Campton, KY 41301
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    Wooded Lot in Wellington, Kentucky
    Contact for pricing
    0.57 Acres

    Wooded Lot in Wellington, Kentucky

    Small, wooded lot suitable for recreation or future cabin site.

    Tbd Whites Br Rd, Wellington, KY 40387
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    Vacant Lot in Downtown
    Contact for pricing
    0.23 Acres

    Vacant Lot in Downtown

    Vacant lot, prime location for rental property or home.

    648 E Main St, Mt Sterling, KY 40353
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    Red River Gorge Land
    $55,000
    0.91 Acres

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
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    Residential Development Opportunity in Morehead
    $1,100,000
    14.90 Acres

    Residential Development Opportunity in Morehead

    Partially completed residential development near I-64 and local attractions.

    Stonecrest St, Morehead, KY 40351
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    Land in Red River Gorge
    $55,000
    1.20 Acres

    Land in Red River Gorge

    1.2 acre lot near Red River Gorge amenities.

    130 Eureka Loop, Zoe, KY 41397
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    Vacant Lot Near Lake Cumberland
    Contact for pricing
    0.46 Acres

    Vacant Lot Near Lake Cumberland

    Just-under half acre lot near Lake Cumberland.

    282 Sugar Two Rd, Nancy, KY 42544
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    Red River Gorge Land
    $55,000
    1.40 Acres

    Red River Gorge Land

    Land in the heart of Red River Gorge.

    Shawnee Run, Rogers, KY 41365
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    17.49 Acres Vacant Land
    $299,000
    17.49 Acres

    17.49 Acres Vacant Land

    Vacant land near Eagle Trace Golf Course and Cave Run Lake.

    Bluebank Rd, Morehead, KY 40351
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    Vacant Land Near Lake Cumberland
    Contact for pricing
    0.56 Acres

    Vacant Land Near Lake Cumberland

    Versatile vacant lot near Lake Cumberland, ideal for outdoor activities.

    185 Sugar Two Rd, Nancy, KY 42544
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    Turn-Key Motel with Coffee Shop
    $499,000
    3,500 SF

    Turn-Key Motel with Coffee Shop

    Motel with furnished rooms, house, and coffee shop for sale.

    1165 Ky-11 S, Beattyville, KY 41311
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    Red River Gorge Land
    $55,000
    1.00 Acre

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $60,000
    1.44 Acres

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Campton, KY Land For Sale
    $40,000
    3.22 Acres

    Campton, KY Land For Sale

    3.22 acre lot near Red River Gorge and Kentucky River.

    Lower Hollertop Rd, Campton, KY 41301
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    Campton, KY Land For Sale
    $35,000
    2.35 Acres

    Campton, KY Land For Sale

    2.35 acre lot near Red River Gorge.

    Lower Hollertop Rd, Campton, KY 41301
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    Campton, KY Land For Sale
    $30,000
    1.92 Acres

    Campton, KY Land For Sale

    1.92 acre lot near Red River Gorge and Kentucky River.

    Lower Hollertop Rd, Campton, KY 41301
    View details
    Red River Gorge Land
    $55,000
    1.11 Acres

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $50,000
    0.95 Acres

    Red River Gorge Land

    Land in the heart of the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $60,000
    1.27 Acres

    Red River Gorge Land

    1.27 acre lot in the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $60,000
    0.84 Acres

    Red River Gorge Land

    Land in the heart of Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $120,000
    1.56 Acres

    Red River Gorge Land

    1.56 acre lot in the Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    Red River Gorge Land
    $60,000
    1.92 Acres

    Red River Gorge Land

    Land in the heart of Red River Gorge.

    Shawnee Run, Rogers, KY 41365
    View details
    40.37 Acres Near Golf Course
    $850,000
    40.37 Acres

    40.37 Acres Near Golf Course

    Undeveloped land near Eagle Trace Golf Course in Morehead, KY.

    Ben Lowe Rd, Morehead, KY 40351
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    Red River Gorge Land Opportunity
    $1,200,000
    47.79 Acres

    Red River Gorge Land Opportunity

    47.79 acres on Campton Road near Red River Gorge.

    12332 Campton Rd, Stanton, KY 40380
    View details
    Campton, KY Land For Sale
    $30,000
    2.10 Acres

    Campton, KY Land For Sale

    2.1 acre lot near Red River Gorge and Kentucky River.

    Lower Hollertop Rd, Campton, KY 41301
    View details
    Land in Red River Gorge
    $65,000
    0.90 Acres

    Land in Red River Gorge

    Investment opportunity near Red River Gorge recreational activities.

    The Reserve At Cliffview, Zoe, KY 41397
    View details
    25 Acres Wooded Land
    Contact for pricing

    25 Acres Wooded Land

    25 acres of wooded land with two potential homesites.

    421 Stinson Br, West Liberty, KY 41472
    View details

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    Paragon Realty Partners
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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
    Paragon Realty Partners
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