Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Nolin Lake Title is generated by Realmo AI

    Lots 1-3 Wax Road, Clarkson, KY 42726

    View on Map
    Claim this Listing
    For Sale
    $199,500

    Residential - Clarkson, KY

    Type:Single Family Residence
    Lot size:
    6.80 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    112
    Last Refresh:
    May 20 at 7:06 am

    Property Features for Lots 1-3 Wax Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    6.80 Acres

    Utilities

    Water front features
    Pond(s)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Trish Ford

    Listing agent Trish Ford

    Listing office One Key Realty 1708 KY 44, Shepherdsville, KY

    Listing date Jan 28, 2026

    MLS# HK2600335 Listing URL

    Copyright © 2026 Heart of 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.

    HighLights

    • Large 6.8‑acre property consisting of 3 lots.
    • Substantial 60 x 30 concrete block garage/shop with metal roof.
    • Garage/shop features 3 overhead bay doors and covered parking overhang.
    • Proximity to WAX MARINA near Nolin Lake.
    • Utilities available near the property.
    • Pond(s) on the property.

    Overview

    This property consists of three lots totaling 6.8 acres. It features a 60 x 30 concrete block garage/shop with a metal roof. The garage includes three overhead bay doors and an overhang for additional covered parking. Utilities are available near the property, which offers easy road access. The property is located close to Wax Marina near Nolin Lake, in Clarkson, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Grocery & Convenience Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarkson
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.051487
    Latitude
    37.443968

    Nearby Similar for Sale

    • $300,000

      Commercial Property Near Nolin Lake

      Commercial property near Nolin Lake with high traffic and visibility.
      8122 Wax Road, Clarkson, KY 42726
      View Details
    • $1,400,000

      Clarkson Commercial Building with Suites

      Commercial building in Clarkson with multiple income opportunities.
      625 W Main Street, Clarkson, KY 42726
      View Details
    • $1,100,000
      2,964 SF

      Kentucky Aviation Estate with Hangar

      34-acre aviation estate with runway, hangar, and event venue.
      379 Clark School Road, Clarkson, KY 42726
      View Details
    • $350,000

      Kentucky Wilderness Near Nolin Lake

      38.95 acres of secluded land with utilities and recreation.
      1010 Lone Oak Rd, Clarkson, KY 42726
      View Details
    • $169,600

      Farmland Near Nolin Lake

      12.31 acres of farmland near Nolin Lake in Clarkson.
      Tract 2 & 3 Troutman Lane, Clarkson, KY 42726
      View Details
    • $199,500

      Clarkson, KY Land with Garage

      6.8 acres near Nolin Lake with large garage/shop.
      Wax Road lot: 1-3, Clarkson, KY 42726
      View Details
    • $169,600

      Clarkson Acreage with Lake Views

      Land with lake views near Nolin Lake in Clarkson, KY.
      Tract 5 & 8 Troutman Lane, Clarkson, KY 42726-9999
      View Details
    • $85,000

      Waterfront Land with Rustic Cabin

      Waterfront land with cabin, shed, and solar panel system.
      873 Pine Haven Road, Clarkson, KY 42726
      View Details
    • $79,800

      Clarkson Acreage Near Nolin Lake

      6.03 acres near Nolin Lake, ideal for building a home.
      Tract 7 Troutman Lane, Clarkson, KY 42726
      View Details
    • $99,800

      Clarkson, KY Acreage with Views

      7.1 acres near Nolin Lake with great views.
      Tract 8 Troutman Lane, Clarkson, KY 42726-9999
      View Details
    • $29,000

      Lake Access Land Opportunity

      Three lots totaling 0.56 acres near Nolin Lake.
      285 Kaufman Road, Clarkson, KY 42726
      View Details
    • $99,000

      Clarkson, KY Land with Riverfront

      18-acre wooded tract with Nolin River frontage.
      976 River Rd, Clarkson, KY 42726
      View Details

    FAQs

    What type of property is this?
    Land - 6.8 acres of land with large garage/shop near marina.
    Where is this land located?
    The property is located at Lots 1-3 Wax Road Clarkson, KY.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: Large 6.8‑acre property consisting of 3 lots.; Substantial 60 x 30 concrete block garage/shop with metal roof.; Garage/shop features 3 overhead bay doors and covered parking overhang.
    (502) 619-4322
    We can help!
    Listing Contact
    Trish Ford
    Real Estate License ID: 304100
    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
    Lots 1-3 Wax Road, Clarkson, KY 42726
    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!