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

    Laredo Drive lot #27 London, KY 40744

    View on Map
    Picture of Residential land & home lots at Laredo Drive lot #27, London, KY
    For Sale
    Contact for pricing

    LAND - London, KY

    Lot size:
    0.54 Acres
    Added:
    Feb 14, 2022
    Days on Market:
    1507
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for Laredo Drive lot #27

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    066-00-00-035.03-27
    Lot size
    0.54 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Sherry J Cloud
    Sherry J Cloud

    Listing agent Sherry J Cloud License #274378

    Listing office Lockhart Realty Group, LLC 801 Master Street, Suite 1, Corbin, KY

    Listing date Feb 14, 2022

    MLS# 22010795 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

    Residential Land in Laurel County

    Located in Laurel County, London, KY, The Woodlands is a new subdivision featuring level to gently rolling lots. The neighborhood offers a variety of options, including completely cleared lots, partially cleared lots, and fully wooded lots that provide extra privacy. Some wooded lots feature a pond view and back up to a ridge line, ensuring no rear neighbors. Lot sizes range from 0.47 acres to 2.21 acres. Roads will be cut in, and a custom subdivision sign will mark the entrance to the neighborhood. The location provides convenient access to shopping, dining, medical facilities, banking, churches, schools, and the I-75 Corridor for travel to Lexington or Knoxville. The available lot size is 0.54 acres. Prospective buyers can start building their homes in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -83.980757
    Latitude
    37.099917

    Nearby Similar for Sale

    • $350,000
      2,700 SF

      Commercial Building on US-25

      2,700 SF commercial building on US-25 between London and Corbin.
      4348 S Laurel Road, London, KY 40744
      View Details
    • $160,000
      4,200 SF

      Versatile Commercial Property on 1.42 Acres

      4200 sq ft commercial property on 1.42 acres.
      50 Apostolic Lane, London, KY 40741
      View Details
    • $1,350,000
      21,521 SF

      Prime Commercial Space in London

      Versatile commercial property in downtown London, Kentucky, totaling 21,521 sqft.
      60/90 Bennett Circle, London, KY 40741
      View Details
    • $175,000

      Commercial Land in Downtown London

      Versatile commercial property with convenient access and outstanding potential.
      N Mill Street unit: 050-30-00-016.01, London, KY 40741
      View Details
    • $649,999
      6,800 SF

      Turn-Key Fabric Store and Home

      Commercial building and home, ideal for live/work setup.
      2435 N Laurel Road, London, KY 40741
      View Details
    • $474,000
      3,300 SF

      Duplex Investment Opportunity in London, KY

      Two adjacent, fully leased duplexes on 0.68 acres near I-75.
      104 and 116 Hicks Lane, London, KY 40744
      View Details
    • $1,499,999
      5,340 SF

      Versatile Commercial Property Near Main

      21-acre property with 6,000 sq ft building near downtown.
      853 E 4th Street, London, KY 40741
      View Details
    • $1,499,999
      5,340 SF

      Versatile Commercial Property in London, KY

      21-acre property with 6,000 sq ft building in downtown London.
      853 E 4th Street, London, KY 40741
      View Details
    • $575,000
      13,056 SF

      Versatile Commercial Building in London, KY

      13,056 SF commercial building suitable for diverse business ventures.
      60 Bennett Circle, London, KY 40741
      View Details
    • $150,000
      8,000 SF

      Office Building in Medical Plaza

      8,000 sq ft office building in high-traffic location.
      001 N Laurel Road, London, KY 40741
      View Details
    • $315,000
      1,100 SF

      Turnkey Income Cabin with Expansion Potential

      Income-producing cabin near Daniel Boone National Forest with expansion potential.
      149 Buggs Lane, London, KY 40744
      View Details
    • $535,000
      3,000 SF

      Two Townhomes in Golf Community

      Investment opportunity: two townhomes in The Oaks of London.
      143 & 145 Crooked Creek Drive, London, KY 40744
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in London, KY. Build your dream home!
    Where is this residential land & home lot located?
    The property is located at Laredo Drive lot #27 London, 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: Large lots available, ranging from .47 acres to 2.21 acres.; Convenient location: Minutes from shopping, dining, medical facilities, banking, schools, and I‑75.; Variety of lot types: Choose from completely cleared, partially cleared, or fully wooded lots.
    (606) 224-2505
    We can help!
    Listing Contact
    Sherry J Cloud
    Sherry J Cloud
    Real Estate License ID: 274378
    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!