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

    191 Lakeshore Dr Leitchfield, KY 42754

    Sponsored
    For Sale
    $119,900

    Residential - Leitchfield, KY

    Type:Single Family Residence
    Lot size:
    0.84 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 27 at 9:06 am

    Property Features for 191 Lakeshore Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    D Mill Bend-014.BB
    Parking features
    Driveway
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    0.84 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shauna Gravil

    Gibson Realty dba/ RE/MAX Real Estate Executives (270) 781-6000

    Listing agent Shauna Gravil (270) 781-6000 License #244848

    Listing date Jan 20, 2026

    MLS# RA20255255 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

    Cleared Lot Near Nolin Lake

    This 0.84-acre lot is cleared and fenced, situated near Nolin Lake. The property is suitable for building a lake home or weekend getaway. Utilities are available, making it ready for construction. A cart path provides easy access to the lake. A boat dock is included, transferable with Corp approval. HOA fees are $350.00 annually. The property is located in Leitchfield, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leitchfield
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.2099491
    Latitude
    37.3365094

    Nearby Similar for Sale

    • $1,200,000
      1,912 SF

      Wedding Venue Estate with Lakes

      21+ acre estate with wedding venue, lakes, and residence.
      460 Golfcourse Rd, Leitchfield, KY 42754
      View Details
    • $1,200,000
      21.00 Acres

      Wedding Venue Business Opportunity

      21+ acre estate with thriving wedding venue business and residence.
      460 Golfcourse Rd, Leitchfield, KY 42754
      View Details
    • $499,000
      0.94 Acres

      Leitchfield Commercial Property with Parking

      Commercial property in Leitchfield, KY with ample parking.
      216 W White Oak St, Leitchfield, KY 42754
      View Details
    • $425,000
      2,200 SF

      Residential Farm with Original Finishes

      Charming furnished home on 1.27 acres with mature trees.
      140 Fountain View Dr, Leitchfield, KY 42754
      View Details
    • $650,000
      5,689 SF

      Industrial Property with Expansion Potential

      1.5-acre industrial property with warehouse, office, and expansion space.
      176 Judge Kenneth H Goff Dr, Leitchfield, KY 42754
      View Details
    • $600,000

      Versatile Commercial Property in Leitchfield

      Commercial property on 1 acre lot, ideal for investors.
      202 S Main St, Leitchfield, KY 42754
      View Details
    • $298,000
      2.00 Acres

      Affordable Commercial Property with Cabin

      Commercial property with restaurant, cabin, and expansion potential near Leitchfield.
      6569 Owensboro Rd, Leitchfield, KY 42754
      View Details
    • $298,000
      2.00 Acres

      Restaurant with Income-Producing Cabin

      Commercial property with restaurant, cabin, and expansion potential near Leitchfield.
      6569 Owensboro Rd, Leitchfield, KY 42754
      View Details
    • $299,000
      0.54 Acres

      Leitchfield Commercial Property with Auto Bays

      Versatile commercial property with 4-bay shop and paint booth.
      23 Old Hartford Dr, Leitchfield, KY 42754
      View Details
    • $249,000
      20.00 Acres

      Cattle Farm Near Leitchfield, KY

      20-acre cattle farm with barn and pond near Leitchfield.
      860 Sadler Rd, Leitchfield, KY 42754
      View Details
    • $650,000
      5,689 SF

      Industrial Property with Expansion Potential

      1.5-acre industrial property with warehouse, office, and expansion space.
      176 Judge Kenneth H Goff Dr, Leitchfield, KY 42754
      View Details
    • $785,000
      3.70 Acres

      Leitchfield Commercial Storage Facility

      3.7 acre commercial property with storage units in Leitchfield.
      230 Commerce Dr, Leitchfield, KY 42754
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.84-acre cleared, fenced lot near Nolin Lake with utilities.
    Where is this residential land & home lot located?
    The property is located at 191 Lakeshore Dr Leitchfield, KY.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Cleared and fenced 0.84-acre lot on Nolin Lake.; - Boat dock included (transferable with Corp approval).; - Utilities available; ready to build.
    (270) 246-1329
    Request Owner's contact information
    191 Lakeshore Dr Leitchfield, KY 42754
    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.
    191 Lakeshore Dr
    Leitchfield, KY 42754
    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
    191 Lakeshore Dr Leitchfield, KY 42754
    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
    Shauna Gravil
    Real Estate License ID: 244848
    (270) 246-1329
    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.