Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grand Rivers Buildable Lots Title is generated by Realmo AI

    000 East Commerce Dr, Grand Rivers, KY 42025

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    Residential - Grand Rivers, KY

    Lot size:
    3.15 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    465
    Last Refresh:
    May 16 at 3:06 am

    Property Features for 000 East Commerce Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.15 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erika Calhoun

    Listing agent Erika Calhoun License #271164

    Listing office Arnold Realty Group 120 Cave Thomas Drive, Paducah, KY

    Listing date Feb 5, 2025

    MLS# 130395 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Grand Rivers, near Patti’s 1880s settlement.
    • Subdivision allows for both short and long term rentals.
    • Enjoy water views year round.
    • 3 acres divided into 22 buildable lots.
    • Developer's dream property.
    • Three operating short term rentals available for purchase.

    Overview

    This property presents a developer's opportunity in Grand Rivers, Kentucky. The subdivision, situated approximately 1/3 mile from Patti’s 1880s settlement, offers year-round water views. The 3.15-acre property is divided into 22 buildable lots and is located in a neighborhood that permits both short-term and long-term rentals. There are also 3 operating short term rentals available for purchase.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Grand Rivers
    County
    Livingston
    State
    Kentucky
    Longitude
    -88.361
    Latitude
    36.8777

    Nearby Similar for Sale

    • $775,000

      Commercial Property on US 62

      High-visibility commercial property with strong investment potential in the Lake Barkley area.
      736 US 62, Grand Rivers, KY 42045
      View Details
    • $375,000

      Grand Rivers Restaurant Opportunity

      Landmark restaurant with business and buildings for sale.
      728 US HWY 62, Grand Rivers, KY 42045
      View Details
    • $1,375,000

      Prime Commercial Property Near Patti's

      Highly visible corner commercial property next to Patti's 1880 Restaurant.
      1805,1815,1817 JH OBRYAN AVE., Grand Rivers, KY 42045
      View Details
    • $79,000

      Grand Rivers Residential Corner Lot

      0.3-acre corner lot in gated Marina Village subdivision.
      Lot 38 Marina Village Dr, Grand Rivers, KY 42045
      View Details
    • $600,000

      Restaurant Ready for New Owner

      Turnkey restaurant with banquet room near I-24 Exit 31.
      708 COMPLEX DR, Grand Rivers, KY 42045-0000
      View Details
    • $99,900

      Kentucky Lake Lot in Development

      0.7-acre lot in growing Kentucky Lake development with planned amenities.
      000 Eagle Rest Dr, Grand Rivers, KY 42045
      View Details
    • $99,900

      Kentucky Lake Lot in Development

      0.7-acre lot in Eagle Landing development near Kentucky Lake.
      000 Eagle Rest Dr, Grand Rivers, KY 42045
      View Details
    • $489,000

      Kentucky Lake Waterfront Lot

      Residential lot in Eagle Landing with lake views and dock potential.
      000 Eagle Rest Drive, Grand Rivers, KY 42045
      View Details
    • $479,000

      Kentucky Lake Residential Lot

      Residential lot in Eagle Landing Development on Kentucky Lake.
      000 Eagle Rest Drive, Grand Rivers, KY 42045
      View Details
    • $495,000

      Kentucky Lake Waterfront Lot

      Residential lot in Eagle Landing Development with lake views.
      000 Eagle Rest Drive, Grand Rivers, KY 42045
      View Details
    • $264,900

      Grand Rivers Farm For Sale

      54-acre farm suitable for residential or recreational use.
      000 Paradise Road, Grand Rivers, KY 42045
      View Details
    • $449,000

      Kentucky Lake Residential Land

      Residential land in Eagle Landing Development on Kentucky Lake.
      000 Eagle Rest Drive, Grand Rivers, KY 42045
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Subdivision with 22 buildable lots near Patti's settlement.
    Where is this residential land & home lot located?
    The property is located at 000 East Commerce Dr Grand Rivers, KY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime location in Grand Rivers, near Patti’s 1880s settlement.; Subdivision allows for both short and long term rentals.; Enjoy water views year round.
    (270) 559-2465
    We can help!
    Listing Contact
    Erika Calhoun
    Real Estate License ID: 271164
    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

    Thank You for Inquiry
    000 East Commerce Dr, Grand Rivers, KY 42025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!