Sign Up Successful!
You now have access to more from Realmo!
    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

    1-5 Roberts St Morgantown, KY 42261

    Sponsored
    For Sale
    Under Contract
    Contact for pricing

    Auction - Morgantown, KY

    Lot size:
    40.00 Acres
    Days on Market:
    99
    Last Refresh:
    Jan 26 at 1:06 pm

    Property Features for 1-5 Roberts St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking features
    Driveway, Paved or Surfaced
    Lot size
    40.00 Acres

    Utilities

    Water front features
    River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Gravil
    Chris Gravil

    United Country, Heartland Realty & Auction, LLC (270) 791-5583

    Listing agent Chris Gravil (270) 783-3000 License #198496

    Listing date Oct 20, 2025

    MLS# RA20255429 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Morgantown, KY Outdoors Dream Property

    Located in Morgantown, KY, this 40± acre property is being offered in five tracts. The property features river frontage, wooded acreage, open bottomland, a pond, and multiple homesites. Tract 1, accessed by Roberts Street, consists of 2.77± acres with Green River frontage, suitable for camping or a private boat ramp. Tract 2 includes 12.74± acres with Green River frontage and frontage on Renfro Creek, featuring wooded areas and level bottomland. Tract 3 offers 5.91± acres fronting E. Roberts Street and Hobson Street, predominately wooded with a potential homesite. Tract 4 comprises 4.16± acres fronting Woodbury Loop, with wooded areas and potential building sites. Tract 5 contains 14.37± acres fronting Woodbury Loop, featuring a pond, road frontage, and frontage along Renfro Creek, with building sites and elevated views. The tracts are suited for recreation, investment, or building a home. The property could be a purchase for an individual, family, church, or as a business opportunity for anything needing river access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Butler
    State
    Kentucky
    Longitude
    -86.678696489905
    Latitude
    37.223205773942

    Nearby Similar for Sale

    • $689,900
      2,466 SF

      Morgantown Farm with Brick Home

      60-acre farm featuring a spacious brick home and shop.
      124 Clark Cemetery Rd, Morgantown, KY 42261
      View Details
    • $560,000
      2,532 SF

      Morgantown Farm with Residential Home

      60.72 acre property with home, wooded land, and pond.
      668 Veterans Way, Morgantown, KY 42261
      View Details
    • $164,900
      1,100 SF

      Residential Farm in Morgantown, KY

      Charming home with large backyard, close to town and parkway.
      125 Cherokee Dr, Morgantown, KY 42261
      View Details
    • New
      $239,000
      1,500 SF

      Riverfront Farm with Historic Buildings

      12.8 acre riverfront property with remodeling potential in Morgantown, KY.
      3048 Provo Rd, Morgantown, KY 42261
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 40± acres in Morgantown, KY offered in five tracts.
    Where is this agricultural land located?
    The property is located at 1-5 Roberts St Morgantown, KY.
    What are key features of this property?
    This property features: - 40 ± acres of land near the scenic Green River, offering a quiet country feel within walking distance of downtown Morgantown.; - Offered in five tracts with diverse features including river frontage, wooded acreage, open bottomland, a pond, and multiple homesites.; - Multiple tracts with Green River frontage, ideal for recreation, fishing, kayaking, hunting, and private boat access.
    (270) 784-0829
    Request Owner's contact information
    1-5 Roberts St Morgantown, KY 42261
    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.
    1-5 Roberts St
    Morgantown, KY 42261
    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
    1-5 Roberts St Morgantown, KY 42261
    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

    We can help!
    Listing Contact
    Chris Gravil
    Chris Gravil
    Real Estate License ID: 198496
    (270) 784-0829
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.