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

    304 Cape Rd Jamestown, KY 42629

    Sponsored
    For Sale
    $129,000

    Acreage - Jamestown, KY

    Lot size:
    16.00 Acres
    Days on Market:
    17
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for 304 Cape Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    16.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ken Hill

    Patriot Realty - Auction LLC (270) 380-1246

    Listing agent Ken Hill (270) 380-1246 License #204112

    Listing date Feb 16, 2026

    MLS# SC47738 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.

    Learn more

    Property Insight Report

    Overview

    16 Acre Wooded Land Tract

    This mostly wooded 16-acre tract offers cleared ground suitable for a homestead or livestock. The wooded portion includes building sites on a quiet, blacktop lane with access to water, power, and fiber optic lines. The property is located less than a half hour from Lake Cumberland and the Cumberland River, offering boating and fishing opportunities. This acreage has multiple possibilities. The property is part of a larger 138-acre parcel and additional tracts are available. A brick home with barns is also available. A full perimeter survey has been conducted, and further division will include a new survey and legal description. The current acreage is estimated and will be fairly based on the actual survey, with the price adjusted accordingly. The property is located in Jamestown, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Russell
    State
    Kentucky
    Longitude
    -85.194648558722
    Latitude
    36.93130339636

    Nearby Similar for Sale

    • $299,500
      1.42 Acres

      Commercial Property on Highway 127

      1.42 acres with high visibility and road frontage.
      2485 N Main St, Jamestown, KY 42629
      View Details
    • $349,900
      9,000 SF

      Horse Property Near Lake Cumberland

      5.9 acre horse property with barn near Lake Cumberland.
      75 Nelson Mill Rd, Jamestown, KY 42642
      View Details
    • $750,000
      10,600 SF

      Commercial Building Near Jamestown Marina

      Unrestricted 3.5-acre property with a 10,600 sq ft commercial building.
      1575 Highway 92, Jamestown, KY 42629
      View Details
    • $447,000
      1,148 SF

      Residential Farm with Brick Home

      50-acre farm with brick home, barns, and spring.
      2794 Highway 1058, Jamestown, KY 42629
      View Details
    • $279,900
      2,492 SF

      Jamestown Duplex Near Lake

      Duplex near restaurants and lake with RV parking.
      120 West Cumberland Ave, Jamestown, KY 42629
      View Details
    • $169,900
      0.25 Acres

      Commercial Building in Jamestown, KY

      Versatile commercial building suitable for retail, office, or multifamily conversion.
      655 N Main St, Jamestown, KY 42629
      View Details
    • $161,450
      4,896 SF

      Jamestown Multi-Unit For Sale

      Multifamily property in Jamestown, KY, featuring 4896 square feet.
      130 Cumberland Ave, Jamestown, KY 42629
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 16 acre wooded tract suitable for homestead or livestock.
    Where is this agricultural land located?
    The property is located at 304 Cape Rd Jamestown, KY.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - 16-acre wooded tract ideal for homesteading or livestock.; - Utilities readily available: water, power, and fiber optic lines.; - Proximity to Lake Cumberland and the Cumberland River (less than 30 minutes).
    (270) 378-1108
    Request Owner's contact information
    304 Cape Rd Jamestown, KY 42629
    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.
    304 Cape Rd
    Jamestown, KY 42629
    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
    304 Cape Rd Jamestown, KY 42629
    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
    Ken Hill
    Real Estate License ID: 204112
    (270) 378-1108 (270) 380-1246
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!