Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    40 Acres Near Grayson Lake Title is generated by Realmo AI

    7000 KY 7, Sandy Hook, KY 41171

    View on Map
    Claim this Listing
    For Sale
    $159,000

    Vacant Land - Sandy Hook, KY

    Lot size:
    40.00 Acres
    Added:
    Sep 14, 2023
    Days on Market:
    980
    Last Refresh:
    May 20 at 7:06 am

    Property Features for 7000 KY 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Deborah Manning
    Deborah Manning

    Listing agent Deborah Manning

    Listing office Manning Realty 752 N KY 7, Sandy Hook, KY

    Listing date Sep 14, 2023

    MLS# 11206913 Listing URL

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

    HighLights

    • 40+/- acres of wooded land.
    • Located near Bruin Boat Ramp, golf course, and Grayson Lake State Park.
    • Public water and electric available.
    • Underground fiber optic high‑speed internet service available.
    • Four‑wheeler trails throughout the property.
    • Abundant wildlife for hunting.

    Overview

    This property features 40 acres of wooded land located directly off of KY 7, midway between Sandy Hook and Grayson, Kentucky. It is situated minutes away from Bruin Boat Ramp, a golf course, and Grayson Lake State Park. The property includes four-wheeler trails throughout and offers potential building sites nestled between two ridges. Public water and electric are available along KY 7, along with underground fiber optic high-speed internet service. The land is wooded with some marketable timber, a small seasonal creek, and is populated with wildlife. The property is suitable for hunting. GPS coordinates are -38.147271, -83.054731.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy Hook
    County
    Elliott
    State
    Kentucky
    Longitude
    -83.158
    Latitude
    38.1397

    Nearby Similar for Sale

    • $199,900

      Sandy Hook Vacant Land Opportunity

      75+/- acres with development potential in Sandy Hook, Kentucky.
      400 Keith Whitley Blvd., Sandy Hook, KY 41171
      View Details
    • $199,900

      75 Acres Development Potential

      75+/- acres with development potential in Sandy Hook, KY.
      400 Keith Whitley Blvd., Sandy Hook, KY 41171
      View Details
    • $199,900

      Secluded Acreage Ideal for Hunting

      121.39 acres of surveyed land with wildlife and cleared fields.
      500 Beechmont Road, Sandy Hook, KY 41171
      View Details
    • $245,000
      1,200 SF

      35-Acre Farm with 3-BR Farmhouse

      35-acre farm with 3-bedroom farmhouse, pastureland, creek, and ponds.
      1502 Turkey Branch Rd, Sandy Hook, KY 41171
      View Details
    • $29,000

      Land For Sale, Sandy Hook

      6 acre land parcel in Sandy Hook, Kentucky.
      326 Earl Crisp Road, Sandy Hook, KY 41171
      View Details
    • $139,900

      33 Acres of Rolling Fields

      33+/- acres of land with timber near Grayson Lake.
      3076 Sheepskin Road, Sandy Hook, KY 41149
      View Details
    • $239,800

      Former Frosty Freeze Property

      Commercial property with road frontage and city utilities in Sandy Hook.
      566 N. KY 7, #13,14,15,16, Sandy Hook, KY 41171
      View Details
    • $75,000

      Heavily Wooded Hunting Land

      22+/- acre hunting property in Elliott County, Kentucky.
      5800 KY 719, Sandy Hook, KY 41171
      View Details
    • $199,800

      Commercial Land in Sandy Hook

      Vacant land with road frontage and city utilities available.
      566 KY 7, #13,14,15 &16, Sandy Hook, KY 41171
      View Details
    • $139,000

      91 Acres Recreational Land For Sale

      91-acre property with recreational appeal and development potential in Kentucky.
      91 Acres Land Cains Creek Road, Sandy Hook, KY 41171
      View Details
    • $79,900

      38 Acres of Hunting Land

      38+/- acres with older mobile home, storage, and workshop/shed.
      950 Green Branch Rd., Sandy Hook, KY 41171
      View Details
    • $75,000

      Heavily Wooded Hunting Land

      22+/- acre hunting property with seasonal creek and wildlife.
      5800 KY 719, Sandy Hook, KY 41171
      View Details

    FAQs

    What type of property is this?
    Land - 40 acres of wooded land near Grayson Lake State Park.
    Where is this land located?
    The property is located at 7000 KY 7 Sandy Hook, KY.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 40+/- acres of wooded land.; Located near Bruin Boat Ramp, golf course, and Grayson Lake State Park.; Public water and electric available.
    (606) 776-1404
    We can help!
    Listing Contact
    Deborah Manning
    Deborah Manning
    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
    7000 KY 7, Sandy Hook, KY 41171
    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!