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    The Largest CRE Database in the US with Over 1 Million Listings

    5191 State Hwy 1032 E Berry, KY 41003

    Sponsored
    For Sale
    $375,000

    LAND - Berry, KY

    Lot size:
    64.59 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 24 at 10:06 pm

    Property Features for 5191 State Hwy 1032 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush, Heavily Wooded, Cleared, Partially Wooded
    APN
    097-0000-006-05-000
    Fencing
    Perimeter
    Lot size
    64.59 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Jennifer Price

    Keller Williams Realty Services (859) 240-0727

    Listing agent Jennifer Price (859) 240-0727 License #291368

    Listing date Jan 12, 2026

    MLS# 637623 Listing URL

    Copyright © 2026 Northern Kentucky MLS, 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

    Overview

    Harrison County Land with Timber

    This 64.59-acre property in Harrison County features a combination of pasture, timberland, and water resources. Approximately 28 acres are wooded, containing an estimated $30,000 in marketable timber, including hickory, sassafras, honey locust, white and red oak, and eastern red cedar. The land has rolling terrain with several potential building sites, a year-round creek, and a spring-fed pond. It includes a USDA Farm Service Agency (FSA) farm number, making it eligible for agricultural programs. The property is fenced along the perimeter and has two entrances: one paved entrance from Hwy 1032 with access to public water and electric, and a gated entrance from Shawhan Road. Suitable for recreational activities, hunting, or livestock, the land is also a potential site for a future home. It is located one mile from US 27 and less than 15 minutes from Falmouth and Cynthiana.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Berry
    County
    Harrison
    State
    Kentucky
    Longitude
    -84.300418
    Latitude
    38.523217

    Nearby Similar for Sale

    • $119,900
      2,400 SF

      Commercial Property in Berry, KY

      Commercial property on a double lot in Berry, Kentucky.
      201 N 2Nd St, Berry, KY 41003
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 64.59 acres with timber, pasture, water, and building sites.
    Where is this agricultural land located?
    The property is located at 5191 State Hwy 1032 E Berry, KY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 64.59 acres featuring a blend of pasture, timber, and water sources, including a year-round creek and spring-fed pond.; - Approximately 28 acres of wooded area containing an estimated $30,000 in marketable timber.; - Multiple buildable sites offer rolling terrain.
    (859) 379-8114
    Request Owner's contact information
    5191 State Hwy 1032 E Berry, KY 41003
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    Berry, KY 41003
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    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
    5191 State Hwy 1032 E Berry, KY 41003
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    We can help!
    Listing Contact
    Jennifer Price
    Real Estate License ID: 291368
    (859) 379-8114
    Learn more
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