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    The Largest CRE Database in the US with Over 1 Million Listings

    Donna S Cheek, London, KY

    License ID: 203984
    Years of Experience
    3
    Association
    Lexington-Bluegrass Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (606) 312-2480
    Office Address:
    583 W Laurel Rd, London, KY, 40741

    Property Types

    • Land

    Performance

    Listings
    114
    Total transactions
    261
    Total transactions amount
    $35M
    Price range
    $13k - 1M
    Average price
    $134k

    Listings

    For Sale (114)

    View map
    • Contact for pricing
      0.70 Acres

      Residential Lot Overlooking Pond

      Residential lot in Golden Pond with pond view and fencing.
      46 Ridge Line Dr, London, KY 40741
      View Details
    • Contact for pricing
      1.16 Acres

      Residential Lot Near Laurel Lake

      1.16 acre residential lot suitable for homes 1400+ sqft.
      55 Green Cove Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Golden Pond

      0.5 acre residential lot suitable for homes 1400+ sqft.
      56 Green Cove Dr, London, KY 40741
      View Details
    • Contact for pricing
      1.22 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      18 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots for new homes in Magnolia Estates, East Bernstadt.
      32 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in East Bernstadt

      Level lots for new homes, double wides, or modular homes.
      35 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      43 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      31 Wolf Bnd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.55 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      49 Dove Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.59 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      51 Dove Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.64 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      74 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.68 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      79 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      1.39 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewide or modular homes.
      487 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      86 Rodeo Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.57 Acres

      Residential Land in East Bernstadt

      Land for single or double wide homes near Hazel Green.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • $30,000
      Pending

      Residential Land Near Wood Creek

      0.43 acre building lot near Wood Creek Lake.
      19 Stella Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.85 Acres

      Land in East Bernstadt, KY

      Land available in Hensley Hollow Estates, East Bernstadt, KY.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.54 Acres

      Residential Lots in Holly Grove

      Residential building lots in a natural setting near Laurel Lake.
      52 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.54 Acres

      Residential Building Lots in Corbin, KY

      Residential building lots in a natural setting, convenient location.
      53 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.53 Acres

      Residential Building Lots in Corbin, KY

      Residential building lots in a natural setting near Laurel Lake.
      54 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.70 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      83 Rodeo Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.55 Acres

      Residential Land in East Bernstadt

      Land for single or double wide homes near Hazel Green.
      Radford Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Land in East Bernstadt, KY

      Land for single or double wides, 0.52 acres.
      Radford Rd, East Bernstadt, KY 40729
      View Details
    • $35,000
      0.51 Acres

      Land with Utilities in Place

      0.51 acre lot with septic, water, and electric.
      293 Freeman Branch Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      Pending

      Residential Land in East Bernstadt

      Level lots suitable for new doublewide or modular homes.
      13 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.78 Acres

      Lake View Building Lot

      0.78 acre building lot with partial lake views.
      Sleepy Holw Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.77 Acres

      Residential Lot in Golden Pond

      0.77 acre residential lot in established London neighborhood.
      57 Green Cove Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.77 Acres

      Residential Lots in Holly Grove Estates

      Residential building lots in a natural setting near Laurel Lake.
      63 Hollywood Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      45 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      48 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.59 Acres

      Land in Magnolia Estates

      Level lots suitable for new doublewides or modular homes.
      54 Dove Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.53 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      51 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.77 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      64 Hollywood Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      66 Hollywood Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      35 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Lots in Holly Grove Estates

      Residential building lots in a natural setting near Keavy Elementary.
      41 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.53 Acres

      Residential Lots in Holly Grove Estates

      Residential building lots in a natural setting near Laurel Lake.
      42 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.54 Acres

      Residential Building Lot in Corbin

      Residential building lot in a natural setting near Laurel Lake.
      43 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.54 Acres

      Residential Building Lots in Corbin, KY

      Residential building lots in a natural setting near Laurel Lake.
      44 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      48 Malibu Dr, Corbin, KY 40701
      View Details
    • $39,000
      1.00 Acre

      Acre Land Ready to Build

      One acre site-ready land for tiny house or dream home.
      385 Freeman Branch Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.56 Acres

      Residential Land in East Bernstadt

      Land for single/double wide or built homes, 0.56 acres.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Land in East Bernstadt, KY

      Land for single or double wides or built homes.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.65 Acres

      East Bernstadt Land For Sale

      Land for single or double wides, 0.65 acres.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      49 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.56 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      50 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.53 Acres

      Land in Hensley Hollow Estates

      Residential lots available in East Bernstadt, Kentucky.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      1.13 Acres

      Land in East Bernstadt, KY

      Residential land for single or double wide homes.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Building Lots in Corbin, KY

      Residential building lots in a natural setting near Laurel Lake.
      89 Rodeo Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.59 Acres

      Residential Lot in Golden Pond

      0.59-acre excavated lot ready for residential construction.
      58 Green Cove Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.70 Acres

      Residential Land in East Bernstadt

      Level lots for new homes, double wides, or modular homes.
      4 Squirrel Path, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.91 Acres

      Residential Land in East Bernstadt

      Level lots for new homes, double wides, or modular homes.
      6 Squirrel Path, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.74 Acres

      Residential Land in East Bernstadt

      Level lots for new homes, double wides, or modular homes.
      115 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      1.19 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      14 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      36 Wolf Bnd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewide or modular homes.
      42 Wolf Bnd, East Bernstadt, KY 40729
      View Details
    • $69,000
      3.37 Acres

      Land in Magnolia Estates

      Level lots suitable for new doublewides or modular homes.
      70 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.59 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      71 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.62 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      73 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.68 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      53 Dove Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewide or modular homes.
      61 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.66 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      75 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      39 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.61 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      72 Bull Run, East Bernstadt, KY 40729
      View Details
    • $59,000
      5.34 Acres

      Land For Sale in McKee

      5.34 acre tract with road frontage in Jackson County, KY.
      Baldwin Rd, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      2.67 Acres

      Land For Sale in McKee

      2.67 acre recreational land with utilities in McKee, Kentucky.
      Baldwin Rd, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Lot Overlooking Pond

      Residential lot in Magnolia Estates, East Bernstadt, Kentucky.
      56 Dove Ln Lot, East Bernstadt, KY 40729
      View Details
    • $64,000
      6.36 Acres

      East Bernstadt Land with Views

      6.36 acres with road frontage and building restrictions.
      1928 Money Rd, East Bernstadt, KY 40729
      View Details
    • $73,000
      7.23 Acres

      East Bernstadt Land with Pond

      7.23 acres with pond views in East Bernstadt, KY.
      2603 Mount Zion Rd, East Bernstadt, KY 40729
      View Details
    • $73,000
      7.25 Acres

      East Bernstadt Land with Views

      7.25 acre lot with restrictions, suitable for residential development.
      2506 Mount Zion Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.50 Acres

      Land in East Bernstadt, KY

      Land for single or double wides, 0.50 acres.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.56 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting, convenient location.
      88 Rodeo Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Laurel Lake.
      36 Malibu Dr, Corbin, KY 40701
      View Details
    • $89,000
      8.88 Acres

      East Bernstadt Land with Views

      8.88 acre residential land in East Bernstadt, Kentucky.
      2507 Mount Zion Rd, East Bernstadt, KY 40729
      View Details
    • $79,000
      7.82 Acres

      East Bernstadt Land with Views

      7.82 acres in East Bernstadt, Kentucky, with building restrictions.
      2508 Mount Zion Rd, East Bernstadt, KY 40729
      View Details
    • $600,000
      16.17 Acres

      Unrestricted Acreage Near Hal Rogers Parkway

      Unrestricted 16.17 acres with utilities near Hal Rogers Parkway.
      133 Jaguar Way, London, KY 40741
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Lots in Holly Grove Estates

      Residential building lots in a natural setting near Laurel Lake.
      47 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land in East Bernstadt

      Land for single or double wide homes near Hazel Green.
      Radford Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.69 Acres

      Residential Land Near Laurel Lake

      0.69 acre residential lot near Laurel Lake in London.
      4 Golden Pond Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.86 Acres

      Residential Land in Golden Pond

      0.86 acre lot for residential construction near Laurel Lake.
      23 Deep Wood Dr, London, KY 40741
      View Details
    • Contact for pricing
      1.22 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      16 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      41 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      44 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.55 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      46 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.57 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      69 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.82 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewide or modular homes.
      56 Dove Ln, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.64 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      78 Bull Run, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      1.68 Acres

      Recreational Land Tract For Sale

      1.68 acre recreational land tract with utilities and creek frontage.
      Baldwin Rd, Mc Kee, KY 40447
      View Details
    • $39,000
      3.30 Acres

      Cleared Land Near Rockcastle River

      3.3 acres of cleared land near Rockcastle River.
      Baldwin Rd, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      0.78 Acres

      East Bernstadt Building Lot

      0.78-acre building lot with partial lake views.
      Sleepy Holw Rd, East Bernstadt, KY 40729
      View Details
    • $34,000
      0.63 Acres

      Wooded Lot with Utilities

      Wooded 0.63-acre lot with septic, water, and electric.
      113 Yellowstone Dr, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.78 Acres

      Wooded Lot Near Wood Creek

      0.78 acre wooded lot with utilities near Wood Creek Lake.
      68 Wood View Dr, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.50 Acres

      Land with Septic, Water, Electric

      Ready lot with utilities in Freeman Trace Subdivision.
      160 Bluestone Dr, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.61 Acres

      Residential Land in East Bernstadt

      Land for single or double wides, 0.61 acres.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • $34,000
      3.84 Acres

      Land For Sale in McKee

      3.84 acres of cleared, level land in McKee, Kentucky.
      Baldwin Rd, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      Pending

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      11 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • $32,000
      0.82 Acres

      Wooded Acreage with Lake View

      0.82-acre wooded lot with lake view in East Bernstadt, KY.
      Sleepy Holw Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.55 Acres

      Residential Lot Overlooking Pond

      0.55 acre residential lot in Golden Pond development.
      47 Ridge Line Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Lots in Holly Grove Estates

      Residential building lots in a natural setting near Laurel Lake.
      40 Malibu Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Building Lot in Corbin

      Half-acre residential lot with utilities, near Laurel Lake.
      7 Hollywood Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Building Lots in Corbin, KY

      Residential building lots in a natural setting near Laurel Lake.
      79 Hollywood Dr, Corbin, KY 40701
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Building Lots in Corbin

      Residential building lots in a natural setting near Keavy Elementary.
      87 Rodeo Dr, Corbin, KY 40701
      View Details
    • $34,000
      0.51 Acres

      East Bernstadt Land with Utilities

      0.51 acre lot with septic, water, and electric.
      137 Yellowstone Dr, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.62 Acres

      Land in East Bernstadt, KY

      Land for single or double wides, 0.62 acres.
      Hensley Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      62 Dove Ln, East Bernstadt, KY 40729
      View Details
    • $74,000
      3.82 Acres

      Land in Magnolia Estates

      3.82 acre lot suitable for doublewide or modular homes.
      52 Farris Jones Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.70 Acres

      Residential Land in London, KY

      0.70 acre residential lot suitable for site-built homes.
      Golden Pond Dr Lot, London, KY 40741
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in East Bernstadt

      Level lots suitable for new doublewides or modular homes.
      28 Turkey Loop, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Land in East Bernstadt

      Land for single or double wide homes in Kentucky.
      Radford Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.72 Acres

      Land in East Bernstadt, KY

      Land for single or double wides, or built homes.
      Radford Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.50 Acres

      Land in Freeman Trace Subdivision

      Land for tiny house, mobile home, camper, or building.
      31 Freeman Branch Rd, East Bernstadt, KY 40729
      View Details
    • Contact for pricing
      0.70 Acres

      Residential Land in London, KY

      Two residential lots totaling 0.70 acres in Golden Pond.
      24 Cliff Line Dr, London, KY 40741
      View Details
    • Contact for pricing
      1.10 Acres

      Residential Land in Wooded Setting

      Three lots totaling 1.10 acres for residential development.
      26 Cliff Line Dr, London, KY 40741
      View Details
    • $52,500
      Pending

      Wooded Land with Utilities

      7.24 acres with utilities ready for building or recreation.
      249. Tract C Freeman Br Rd, East Bernstadt, KY 40729
      View Details

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    Donna S Cheek, London, KY
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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.

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