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

    Walnut Hill Road Liberty, KY 42539

    View on Map
    Pending
    $180,000

    LAND - Liberty, KY

    Lot size:
    10.00 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for Walnut Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    053-21G
    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Ronnie J Elmore

    Listing agent Ronnie J Elmore License #200863

    Listing office Kentucky Lifestyle Real Estate & Auction Services 2350 Old Fall Creek Road, Monticello, KY

    Listing date Mar 2, 2026

    MLS# 26003820

    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

    Land For Sale, Liberty, KY

    This is a 10-acre land parcel located in Liberty, Kentucky. The property is situated on Walnut Hill Road in Casey County, with a postal code of 42539.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Liberty
    County
    Casey
    State
    Kentucky
    Longitude
    -84.955189
    Latitude
    37.284391

    Nearby Similar for Sale

    • $80,000

      Unrestricted Land on US 127

      1.15 acre lot with US 127 frontage near Liberty, KY.
      4400+/- S US 127, Liberty, KY 42539
      View Details
    • $325,000
      1,620 SF

      Liberty, KY Residential Farm

      Charming country home on 3 acres near downtown Liberty.
      100 Pinkerton Place, Liberty, KY 42539
      View Details
    • $279,900

      Garage, Shop, and Updated Home

      Garage/shop with car lift, updated home, centrally located.
      31 Bull Run Rd, Liberty, KY 42539
      View Details
    • $325,000

      55 Acres of Kentucky Land

      55-acre tract in Liberty, KY with pastures and timber.
      2338 Chestnut Level Rd., Liberty, KY 42539
      View Details
    • $100,000

      8.9 Acres Farm Estate

      8.9-acre farm estate with utilities near Liberty, Kentucky.
      1117 Martin Road, Liberty, KY 42539
      View Details
    • $320,000

      Unrestricted Land in Liberty, Kentucky

      45.42 acres of unrestricted land, ideal for farming.
      1100+/- Cedar Hill Rd., Liberty, KY 42539
      View Details
    • $49,900

      Wooded Lot with Utilities

      Ready-to-build lot with utilities and scenic views.
      136 Taylor Loop Road, Liberty, KY 42539
      View Details
    • $125,000

      Commercial Land in High-Visibility Area

      1.18 acres of commercial-zoned property in Liberty, Kentucky.
      127 Hustonville Street Lot #2, Liberty, KY 42539
      View Details
    • $2,000,000

      Expansive Land with US 127 Frontage

      340.55 acres in Liberty, KY, ideal for ranching and hunting.
      4100+/- N US 127, Liberty, KY 42539
      View Details
    • $35,000

      Residential Lot Near Downtown Liberty

      Residential lot near downtown Liberty, Kentucky. Build your dream home.
      9999 N Wallace Wilkinson Boulevard, Liberty, KY 42539
      View Details
    • $130,000

      Liberty, KY Vacant Land

      7.714 acre commercial land with US 127 road frontage.
      1700+/- S US 127, Liberty, KY 42539
      View Details
    • $163,000

      Liberty, Kentucky Vacant Land

      15-acre property with pasture, woodland, and hunting opportunities.
      0 Gosser Ridge Rd., Liberty, KY 42539
      View Details

    FAQs

    What type of property is this?
    Land - 10 acre land parcel available in Liberty, Kentucky.
    Where is this land located?
    The property is located at Walnut Hill Road Liberty, KY.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Location: -84.96075, 37.276646
    (606) 706-0309
    We can help!
    Listing Contact
    Ronnie J Elmore
    Real Estate License ID: 200863
    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!