Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Merrimac Peck Road Elk Horn, KY 42733

    View on Map
    New
    For Sale
    Under Contract
    $129,000

    Acreage - Elk Horn, KY

    Lot size:
    29.00 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 5 at 4:06 pm

    Property Features for 0 Merrimac Peck Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway, Paved or Surfaced
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    Lot size
    29.00 Acres

    Utilities

    Water front features
    Creek

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dane Driscoll

    Listing agent Dane Driscoll License #298521

    Listing office Whitetail Properties Real Estate, LLC 121 S. Madison St., Pittsfield, KY

    Listing date Apr 1, 2026

    MLS# SC47939 Listing URL

    Copyright © 2026 South Central Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    28+ Acre Taylor County Land

    Located on Merrimac Peck Road in Taylor County, Kentucky, this 28.69-acre property features a mix of open ground, timber, and road frontage. Approximately 20 acres consist of open land, with the remainder wooded, offering a balance of agricultural and recreational opportunities. The open ground is suitable for row crops, hay production, or food plots. The wooded portion provides cover for wildlife. There is a history of deer and turkey activity, making it suitable for hunting and outdoor recreation. The property features road frontage along Merrimac Peck Road, providing access. A gravel driveway is already in place. Utilities are available at the road. The layout and topography offer multiple areas that may be considered for building sites, with options for a residence, cabin, or other structures. The property is located in a rural area of Taylor County while remaining within reasonable driving distance to nearby towns. Campbellsville is approximately 8 miles away, and Columbia is approximately 20 miles away, offering access to shopping, dining, and services. This tract supports agricultural, recreational, or mixed use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Elk Horn
    County
    Taylor
    State
    Kentucky
    Longitude
    -85.125193
    Latitude
    37.409552

    Nearby Similar for Sale

    • $995,000
      1,600 SF

      175-Acre Ranch with Brick Home

      175-acre ranch featuring a brick home and multiple barns.
      1693 Stoner Creek Rd, Elk Horn, KY 42733
      View Details
    • $100
      1,224 SF

      Elkhorn Farm/Estate Auction

      44.4 acre farm with 2-year-old log cabin.
      5230 Dry Creek Road, Elkhorn, KY 42733
      View Details
    • $451,500

      Prime Hunting Tract in Elkhorn

      Hunting tract with varied terrain and abundant wildlife signs.
      7209 Dry Creek Road, Elkhorn, KY 42539
      View Details
    • $205,000

      Scenic Land with Building Sites

      54.88 acre property with multiple building sites near town.
      232-248 +/- Dug Hill Rd, Elk Horn, KY 42733
      View Details
    • $990,000

      Kentucky Land Tract Opportunity

      165+/- acres of unrestricted land near Green River Lake.
      01 Raikes hill spur, Elkhorn, KY 42733
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile 28+ acre property in Elk Horn, Kentucky.
    Where is this agricultural land / farmland located?
    The property is located at 0 Merrimac Peck Road Elk Horn, KY.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: 28.69 acre property offering a blend of open land and woods, ideal for agricultural, recreational, or mixed‑use purposes.; Approximately **20 acres of open land** perfect for row crops, hay production, or establishing food plots.; Enjoy **abundant wildlife** like deer and turkey, with wooded areas perfect for hunting and outdoor recreation.
    (270) 765-8345
    We can help!
    Listing Contact
    Dane Driscoll
    Real Estate License ID: 298521
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!