Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Monticello Land Near Highway 90 Title is generated by Realmo AI

    3 Clear Sky Way, Monticello, KY 42633

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Monticello, KY

    Lot size:
    0.57 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 3 Clear Sky Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    065-00-00-094.03
    Lot size
    0.57 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Tod Bertram
    Tod Bertram

    Listing agent Tod Bertram License #246377

    Listing office Weichert Realtors Ford Brothers, Inc. 1406 South Highway 27, Suite A Weichert Realtor Ford Brothers, Somerset, KY

    Listing date Mar 5, 2026

    MLS# 26004231 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1/2 acre lot with potential for residential or commercial use
    • Convenient location just off Hwy 90, minutes from Somerset and Monticello
    • Water and electric available along the road
    • Quick access to town, shopping, schools, and local amenities
    • Build‑ready lot in a growing area
    • Located along Kentucky Route 90, a major corridor

    Overview

    This 0.57-acre lot is located just off Highway 90 in Monticello, Kentucky, offering convenient access to Somerset. The property is suitable for either residential or commercial use. Water and electric utilities are available along the road. The location provides quick access to town, shopping, schools, and local amenities, while still offering space to develop. It is located along Kentucky Route 90, a major corridor connecting Somerset and Monticello.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.823446
    Latitude
    36.87226

    Nearby Similar for Sale

    • $1,200,000
      6,720 SF

      Medical Office Building on Main

      High-visibility medical office building with flexible layout and ample parking.
      1104 N Main Street, Monticello, KY 42633
      View Details
    • $369,900
      7,564 SF

      Versatile Commercial Building on Highway 90

      7,546 SF building on 0.75 acres near Lake Cumberland.
      74 Boat Pk Lane, Monticello, KY 42633
      View Details
    • $206,900
      3,000 SF

      Turnkey Storage Facility in Monticello

      Established storage facility with expansion potential near Lake Cumberland.
      120 Alexander Street, Monticello, KY 42633
      View Details
    • $3,500,000
      226,000 SF

      Monticello Industrial Facility For Sale

      226,000 sq ft industrial facility on 16.5 acres.
      1200 Columbia Avenue, Monticello, KY 42633
      View Details
    • $335,000
      2,580 SF

      Versatile Commercial Building on Highway

      2,580 SF commercial building with high visibility and accessibility.
      2104 KY-90, Monticello, KY 42633
      View Details
    • $1,149,000

      Lake Cumberland Waterfront Land Opportunity

      264.95-acre property with 3.5 miles of Lake Cumberland frontage.
      1412 George Garner Road, Monticello, KY 42633
      View Details
    • $2,200,000

      Unrestricted Acres Near Beaver Creek

      133+/- acres with income potential near Beaver Creek Marina.
      8600 KY-92, Monticello, KY 42633
      View Details
    • $181,900

      Secluded Land Near Lake Cumberland

      44+/- acres of unrestricted land near Monticello and Albany, KY.
      02 Simpson Hollow Road, Monticello, KY 42633
      View Details
    • $690,000

      Lake Cumberland Campground Development Opportunity

      29-acre property near Lake Cumberland ready for campground development.
      8201 W KY-92, Monticello, KY 42633
      View Details
    • $150,000

      50 Acres Hunting/Recreational Land

      50 acres of land perfect for hunting and recreation.
      Lower Turkey Creek Road lot: 1, Monticello, KY 42633
      View Details
    • $113,900

      Lake View Land in Monticello

      Lake view lots for vacation home, close to boat ramps.
      Track 5 and 6 Arthur Road, Monticello, KY 42633
      View Details
    • $139,000

      Unrestricted Land Near Lake Cumberland

      10.51 acres in gated community near Beaver Creek Resort.
      132 Sandstone Point Trail, Monticello, KY 42633
      View Details

    FAQs

    What type of property is this?
    Commercial land - Half-acre lot suitable for residential or commercial use.
    Where is this commercial land located?
    The property is located at 3 Clear Sky Way Monticello, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1/2 acre lot with potential for residential or commercial use; Convenient location just off Hwy 90, minutes from Somerset and Monticello; Water and electric available along the road
    (606) 278-0138
    We can help!
    Listing Contact
    Tod Bertram
    Tod Bertram
    Real Estate License ID: 246377
    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
    3 Clear Sky Way, Monticello, KY 42633
    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!