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

    Periwinkle Hill Rd Cadiz, KY 42211

    View on Map
    Sponsored
    For Sale
    $80,000

    Residential - Cadiz, KY

    Lot size:
    10.60 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 12:06 pm

    Property Features for Periwinkle Hill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.60 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tonja West
    Tonja West

    Home Front Real Estate (270) 887-6570

    Listing agent Tonja West (270) 887-6570 License #200977

    Listing date Mar 10, 2026

    MLS# 135921 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS Inc. 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

    Overview

    Lake Barkley Lakefront Lot

    Located on Periwinkle Hill Road in the Osprey Landing subdivision, this lakefront lot overlooks Lake Barkley. The property is situated on Devils Elbow Bay, across from the Devils Elbow Boat Ramp, and provides a gentle walk to the water. This 10.6-acre lot offers a view of the water and surrounding nature, providing a setting for building a home. The property is located in Cadiz, Kentucky.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Cadiz
    County
    Trigg
    State
    Kentucky
    Longitude
    -87.959882
    Latitude
    36.78531

    Nearby Similar for Sale

    • $170,000
      3,840 SF

      Cadiz Self-Storage Facility For Sale

      3,840 SF self-storage building with 10 units near Lake Barkley.
      308 Terrace Ln, Cadiz, KY 42211
      View Details
    • $439,000
      36.00 Acres

      Cadiz Hobby Farm with Timber

      Remodeled home with metal building and acreage for crops.
      13425 South Rd, Cadiz, KY 42211
      View Details
    • $440,000
      22.00 Acres

      Cadiz, KY Land Opportunity

      22 acres near lake with development potential in Cadiz, KY.
      011 Bay Ln, Cadiz, KY 42211
      View Details
    • $669,000

      Cadiz Commercial Property with Showroom

      Commercial property featuring showroom, storage, and office space in Cadiz.
      211 Canton Ln, Cadiz, KY 42211
      View Details
    • $1,800,000
      218.76 Acres

      Cadiz, KY Farm Near Lake

      218.76-acre farm with barns, ponds, and potential business opportunity.
      198 Goose Hollow Rd, Cadiz, KY 42211
      View Details
    • $625,000

      Arrowhead Golf Course For Sale

      158.5+/- acre profit-producing golf course with ample frontage.
      183 Arrowhead Club Dr, Cadiz, KY 42211
      View Details
    • $495,000

      Commercial Building Near I-24

      7000+ sqft commercial building with office space and bay doors.
      102 Clay St, Cadiz, KY 42211
      View Details
    • $98,900
      3,500 SF

      Spacious Building Near I-24

      3,500 SF building near I-24, suitable for various purposes.
      130 American Legion Dr, Cadiz, KY 42211
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot in Osprey Landing with access to recreation.
    Where is this waterfront land located?
    The property is located at Periwinkle Hill Rd Cadiz, KY.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Lake Barkley lakefront lot in Osprey Landing subdivision.; - Gentle walk to the water.; - **Overlooks scenic Lake Barkley and Devils Elbow Bay.**
    (270) 348-0733
    Request Owner's contact information
    Periwinkle Hill Rd Cadiz, KY 42211
    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.
    Periwinkle Hill Rd
    Cadiz, KY 42211
    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
    Periwinkle Hill Rd Cadiz, KY 42211
    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
    Tonja West
    Tonja West
    Real Estate License ID: 200977
    (270) 348-0733 (270) 887-6570
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!