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

    1192 Thomason Cemetery Rd Leitchfield, KY 42754

    View on Map
    Claim this Listing
    For Sale
    $79,000

    LAND - Leitchfield, KY

    Lot size:
    0.73 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 1192 Thomason Cemetery Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    053-00-00-002.0I
    Lot size
    0.73 Acres

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Zachery Willis

    Listing agent Zachery Willis

    Listing office FHRA, Inc. 120 W Market Street, Leitchfield, KY

    Listing date Mar 5, 2026

    MLS# 1710939 Listing URL

    Copyright © 2026 Greater Louisville 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

    Lakefront Land on Rough River

    This .731-acre lakefront property on Rough River, known as Lot 9 in Secluded Acres, presents a rare opportunity, as it has not been available to the public for over 30 years. The land features 135 feet of road frontage and 135 feet of lake frontage. A prime building site offers winter lake views. Utilities are available. A cart path provides convenient access to the water's edge, along with a parking area near the dock. Unique rock formations along the back access road add character and outdoor exploration opportunities. The property is located on Thomason Cemetery Rd in Leitchfield, KY. The U.S. Army Corps of Engineers has pre-approved a dock. This property is ideal for a new construction lake home, weekend getaway, or investment property. There are no HOA or maintenance dues.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Leitchfield
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.41198
    Latitude
    37.566801

    Nearby Similar for Sale

    • $650,000

      Industrial Property with Expansion Potential

      1.5-acre industrial property with warehouse, office, and expansion space.
      176 Judge Kenneth H Goff Drive, Leitchfield, KY 42754
      View Details
    • $210,000

      Leitchfield Commercial Building with Parking

      Move-in ready commercial building with digital sign and parking.
      203 W White Oak, Leitchfield, KY 42754
      View Details
    • $785,000

      Leitchfield Commercial Storage Facility

      3.7 acre commercial property with storage units in Leitchfield.
      230 Commerce Drive, Leitchfield, KY 42754
      View Details
    • $299,000

      Leitchfield Commercial Property with Auto Bays

      Versatile commercial property with 4-bay shop and paint booth.
      23 Old Hartford Drive, Leitchfield, KY 42754
      View Details
    • $245,900
      1,716 SF

      Leitchfield Home with Expansion Potential

      Well-maintained home in Leitchfield, Kentucky, with unfinished basement and detached garage.
      191 Maple Leaf Lane, Leitchfield, KY 42754
      View Details
    • $600,000

      Versatile Commercial Property in Leitchfield

      Commercial property on 1 acre lot, ideal for investors.
      202 S Main Street, Leitchfield, KY 42754
      View Details
    • $299,000

      Leitchfield Commercial Property with Auto Bays

      Versatile commercial property with 4-bay shop and paint booth.
      23 Old Hartford Drive, Leitchfield, KY 42754
      View Details
    • $700,000

      Leitchfield Commercial Land on Parkway

      14 acres of commercial/industrial land with high visibility.
      603 Commerce Drive, Leitchfield, KY 42754
      View Details
    • $119,000

      Rough River Lakefront Land Opportunity

      Rare lakefront property on Rough River with dock potential.
      1350 Thomason Cemetery Rd, Leitchfield, KY 42754
      View Details
    • $119,000

      Lakefront Land on Rough River

      Lakefront property with building site and shoreline access.
      1300 Thomason Cemetery Rd, Leitchfield, KY 42754
      View Details
    • $129,000

      Rough River Lakefront Land Opportunity

      Lakefront land for new construction, getaway, or investment property.
      1220 Thomason Cemetery Rd, Leitchfield, KY 42754
      View Details
    • $350,000

      Prime Farmland in Leitchfield, KY

      21.23 acres of farmland ideal for cattle or custom home.
      8333 Shrewsbury Rd, Leitchfield, KY 42754
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront property with dock pre-approval and utilities available.
    Where is this waterfront land located?
    The property is located at 1192 Thomason Cemetery Rd Leitchfield, KY.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Dock pre‑approved with U.S. Army Corps of Engineers; 135' of lake frontage on Rough River; Prime building site with winter lake views
    (270) 446-9579
    We can help!
    Listing Contact
    Zachery Willis
    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!