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

    Cedar Drive lot 56-60 Nancy, KY 42544

    View on Map
    For Sale
    Contact for pricing

    LAND - Nancy, KY

    Lot size:
    0.66 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 2 at 2:06 pm

    Property Features for Cedar Drive lot 56-60

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    081-70-03-056.00
    Lot size
    0.66 Acres

    We can help!

    Listing Contact
    Cheryl Harney

    Listing agent Cheryl Harney

    Listing office Keller Williams Commonwealth - Somerset 2835 S Highway US 27 Ste 232, Somerset, KY

    Listing date Jul 17, 2025

    MLS# 25015666 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.

    Overview

    Wooded Lots Near Water Recreation

    These five wooded lots, being sold together, offer a blend of privacy and convenience. The parcels are nestled among mature trees, providing an ideal setting for a dream home or investment opportunity. The natural surroundings offer tranquility and privacy, with easy access via an established gravel road. The location is near water recreation, making it appealing to those who enjoy boating, fishing, or water sports. The total lot size is 0.659 acres, located on Cedar Drive in Nancy, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nancy
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.793
    Latitude
    37.0701

    Nearby Similar for Sale

    • $400,000
      1,100 SF

      Established Storage Units For Sale

      1.48 +/- acres with established storage units in Nancy, KY.
      1987 W Highway 80, Nancy, KY 42544
      View Details
    • $434,900

      Private Farm Near Lake Cumberland

      40-acre farm with privacy, near Lake Cumberland.
      40-AC Trenton Court, Nancy, KY 42544
      View Details
    • $24,900

      Land Near Lake Cumberland

      Recreational land near Lake Cumberland with utilities available.
      141 Pine Tree Circle, Nancy, KY 42544
      View Details
    • $49,900

      Kentucky Land Near Lake Cumberland

      6.96 acres in Nancy, Kentucky, ideal for recreation.
      Ben Roy Road, Nancy, KY 42544
      View Details
    • $75,000

      Land Near Lake Cumberland

      3.04 acres near Lee's Ford Marina.
      311 Willow Oaks Dr, Nancy, KY 42544
      View Details
    • $21,900

      Lake Cumberland Waterfront Land

      1.48 acre lot in gated Beechwood Farms community.
      700 Beechwood Drive lot: 24B, Nancy, KY 42544
      View Details
    • $275,000

      Unrestricted Land Near Lake Cumberland

      22.4 acres, city water, pond, abundant wildlife, unrestricted.
      3175 Ard Ridge Road, Nancy, KY 42544
      View Details
    • $39,900

      Lake View Residential Land

      1.4-acre lake view lot to build your dream home.
      45 Shepperd Drive, Nancy, KY 42544
      View Details
    • $1,700

      Vacant Land in Nancy, KY

      0.65 acre lot in Jacobs Landing Subdivision.
      170 Kimber Drive, Nancy, KY 42544
      View Details
    • $39,900

      Cleared Acre Lake View Lot

      One-acre lake lot with utilities ready for your dream home.
      39 Shepperd Drive, Nancy, KY 42544
      View Details
    • $99,900

      Lake Cumberland View Building Lot

      Residential lot with spectacular lake views and privacy.
      27 Lazy Trail Road, Nancy, KY 42544
      View Details
    • $24,500

      Lake Access Lot in Nancy

      0.52-acre lot with lake access and community boat ramp.
      119 Kelly Circle, Nancy, KY 42544
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Five wooded lots ideal for a dream home or investment.
    Where is this residential land & home lot located?
    The property is located at Cedar Drive lot 56-60 Nancy, 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: Five wooded lots being sold together offering privacy and investment potential.; Mature trees create a tranquil and private natural setting.; Easy access via an established gravel road.
    (606) 305-3981
    We can help!
    Listing Contact
    Cheryl Harney
    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!