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    Morehead, KY 40351

    For Sale
    $1,300,000

    COMMERCIAL - Morehead, KY

    Lot size:
    22.00 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    020-00 00 048.09
    Lot size
    22.00 Acres

    Building Details

    Year built
    2019

    United Real Estate Lexington KY (859) 396-6706 [email protected]

    Listing agent Randy Newsome (606) 776-9516

    Listing date Sep 12, 2025

    Copyright © 2025 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

    Diverse Income-Generating Property Portfolio

    This investment portfolio comprises a diverse array of properties, including two operating Airbnb cabins, two rental houses each exceeding 900 square feet, a larger house, and a mobile home. The portfolio also features a 13-acre campground with 11 spaces and an additional 4.5-acre campground with 8 spaces, offering potential for expansion or construction of homes on the extra land. Furthermore, the property includes an approximately 0.67-acre building lot and another lot of approximately 0.5 acres. The properties are located on Moore's Flat Road, Still Meadow Court, and Lawson Road, with the 13-acre campground situated at the end of Kennedy Court. This portfolio presents significant income potential with opportunities for further development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.4396
    Latitude
    38.2298

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    FAQs

    What type of property is this?
    Campground - Portfolio with cabins, houses, campground, and building lots for sale.
    Where is this campground located?
    The property is located at Morehead, KY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Diverse income streams from Airbnb cabins, rental houses, mobile home, and campgrounds.; - Significant expansion potential with extra land for building homes or enlarging campgrounds.; - Multiple properties included: 2 Airbnb cabins, 2 rental houses, 1 larger house, 1 mobile home, and 2 campgrounds (13 acres and 4.5 acres).
    (606) 776-9516
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    Morehead, KY 40351
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    Realmo Value Estimation

    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.

    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.

    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
    Morehead, KY 40351
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