Sign Up Successful!
You now have access to more from Realmo!
    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

    lot 22&23 Cherry Loop Rd Jamestown, KY 42629

    Sponsored
    For Sale
    $45,500

    LAND - Jamestown, KY

    Lot size:
    1.00 Acre
    Days on Market:
    128
    Last Refresh:
    Jan 31 at 10:06 am

    Property Features for lot 22&23 Cherry Loop Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    057-40-03-022.00
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Kimberly F Byrom

    Lake Cumberland Properties, Ltd. Co. (502) 205-1492

    Listing agent Kimberly F Byrom (270) 343-5200

    Listing date Sep 26, 2025

    MLS# 25017887 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.

    Learn more

    Property Insight Report

    Overview

    Lake Cumberland Area Land

    Two lake lots, identified as lots 22 and 23, are available along with additional adjoining land. Barndominiums are permitted on these lots, which are equipped with city water, electric, and a septic system. The community provides fiberoptic internet and country-maintained roads. The setting is park-like with trees. Located near Lake Cumberland and several launching ramps, the property is also a few minutes from Jamestown Resort & Marina. The land is approximately 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jamestown
    County
    Russell
    State
    Kentucky
    Longitude
    -85.011193
    Latitude
    36.97481

    Nearby Similar for Sale

    • $649,000
      2,492 SF

      Residential Farm with Indoor Arena

      51-acre farm featuring a barndominium and indoor arena.
      46 Locust Grove Rd, Jamestown, KY 42629
      View Details
    • New
      $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
    • $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
    • New
      $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
    • $299,500
      1.42 Acres

      Commercial Land on Highway 127

      Highly visible 1.42-acre commercial property on Highway 127.
      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
    • $282,000
      2,492 SF

      Jamestown Duplex with Parking

      Duplex near restaurants with parking in Jamestown, Kentucky.
      120 West Cumberland Ave, 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?
    Residential land & home lot - Two lake lots with utilities near Lake Cumberland.
    Where is this residential land & home lot located?
    The property is located at lot 22&23 Cherry Loop Rd Jamestown, KY.
    What is the asking price?
    The asking price for this property is $45,500.
    What are key features of this property?
    This property features: - Two lake lots with city water, electric, and septic system already in place.; - Barndominiums allowed with no HOA and moderate restrictions.; - Located near Lake Cumberland and Jamestown Resort & Marina.
    (270) 866-1250
    Request Owner's contact information
    lot 22&23 Cherry Loop 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.
    lot 22&23 Cherry Loop 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
    lot 22&23 Cherry Loop 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
    Kimberly F Byrom
    (270) 866-1250
    Learn more
    Google sign-in failed. Please try again or use another login method.