Add Listing
    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

    2328 Fisher Ridge Road Horse Cave, KY 42749

    View on Map
    Claim this Listing
    For Sale
    $325,000

    LAND - Horse Cave, KY

    Lot size:
    39.05 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 19 at 8:06 am

    Property Features for 2328 Fisher Ridge Road

    General Information

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

    Utilities

    Water source
    Public

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joe Murphy

    Listing agent Joe Murphy License #195591

    Listing office Big South Realty & Auction, LLC - Gamaliel 471 E Main St, Gamaliel, KY

    Listing date Apr 4, 2026

    MLS# SC47987 Listing URL

    Copyright © 2026 South Central 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.

    Overview

    Woodland Hunting Land Near Park

    This property, located near Mammoth Cave National Park, is approximately 39.05 acres, consisting mostly of woodland with about 4 acres of open ground. A hunting cabin is located on the property, which is full of wildlife. The property is located in Horse Cave, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Horse Cave
    County
    Hart
    State
    Kentucky
    Longitude
    -85.977245
    Latitude
    37.203109

    Nearby Similar for Sale

    • $525,000

      Historic Downtown Horse Cave Opportunity

      Luxury loft with retail space in historic downtown Horse Cave.
      123 Water Street, Horse Cave, KY 42749
      View Details
    • $460,000
      6,716 SF

      Income-Producing Multifamily Investment Opportunity

      Multifamily property with 7 units and camper spots near I-65.
      1012 E Main Street, Horse Cave, KY 42749
      View Details
    • $460,000
      6,716 SF

      Income-Producing Multifamily Investment Opportunity

      Multifamily property with multiple income streams near Mammoth Cave.
      1012 E Main Street, Horse Cave, KY 42749
      View Details
    • $749,777
      2,322 SF

      Kentucky Farm with Home and Barn

      50-acre farm with home, barns, ponds, suitable for diverse uses.
      834 Roy Cann Road, Horse Cave, KY 42749
      View Details
    • $180,000

      Car Wash and Garage Facility

      Versatile car wash and garage on 0.467-acre lot.
      200 S Dixie Highway, Horse Cave, KY 42749
      View Details
    • $164,900

      Spacious Downtown Commercial Building

      Versatile commercial building in downtown Horse Cave, Kentucky.
      103 Water Street, Horse Cave, KY 42749
      View Details
    • $124,000

      Turnkey Restaurant Opportunity in Kentucky

      Ready-to-go restaurant for sale in Uno, Kentucky with equipped kitchen.
      5112 S Jackson Highway, Horse Cave, KY 42749
      View Details
    • $234,999

      Commercial Property with Warehouse and Showroom

      Commercial property featuring warehouse, showroom, office, and restroom near amenities.
      1370 S Dixie Street, Horse Cave, KY 42749
      View Details
    • $90,000

      Kentucky Land Near Interstate 65

      9-acre tract in Hart County, 5 minutes from I-65.
      2023 Fisher Ridge Road, Horse Cave, KY 42749
      View Details
    • $250,000

      Established Restaurant with Apartment

      Thriving restaurant with apartment in Horse Cave, Kentucky.
      904 E Main Street, Horse Cave, KY 42749
      View Details
    • $99,500

      Commercial Land in Horse Cave

      0.90+/- acre commercial land with existing concrete slab.
      917 E Main Street, Horse Cave, KY 42749
      View Details
    • $238,000

      Recreational Land with River Frontage

      58+/- acre recreational land with Green River frontage.
      Walker Stewart Road, Horse Cave, KY 42749
      View Details

    FAQs

    What type of property is this?
    Hunting land - 39 acres of woodland with hunting cabin near Mammoth Cave.
    Where is this hunting land located?
    The property is located at 2328 Fisher Ridge Road Horse Cave, KY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Approx. 39 acres of mostly woodland hunting paradise; Located in close proximity to Mammoth Cave National Park; Full of wildlife
    (270) 427-8364
    We can help!
    Listing Contact
    Joe Murphy
    Real Estate License ID: 195591
    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!