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    Recreation Land with Center Gravel Road Title is generated by Realmo AI

    Tract 1 Cook Lane, Cromwell, KY 42733

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    Claim this Listing
    For Sale
    $122,900

    LAND - Cromwell, KY

    Lot size:
    35.11 Acres
    Added:
    Aug 8, 2025
    Days on Market:
    300
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for Tract 1 Cook Lane

    General Information

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

    We can help!

    Listing Contact
    Justin Ward

    Listing agent Justin Ward License #211547

    Listing office River Brook Realty LLC 365 E Western Ave, Sonora, KY

    Listing date Aug 8, 2025

    MLS# HK25003325 Listing URL

    Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 35.119‑acre property - suitable for recreation and a future homesite.
    • Excellent hunting opportunities for trophy whitetail deer, wild turkey, and small game.
    • Ideal balance of open ground and mature trees.
    • Gravel road provides easy access to all areas of the property.
    • Known for trophy whitetail deer.
    • Year‑round hunting opportunities.

    Overview

    Offered for sale is a 35.11-acre recreation and homesite tract featuring a mix of open ground and mature trees. A gravel road runs through the center of the property, providing practical internal access across the land for exploring, hunting, or planning future improvements.

    The property is located in Cromwell, Kentucky, in Ohio County, with the address listed as Tract 1 Cook Lane. The internal gravel road is a key feature for movement throughout the tract, helping simplify access to different areas of the property.

    This land is well suited for buyers seeking a primarily wooded and open combination for outdoor use, including hunting. The property is described as offering hunting opportunities year-round and supporting game such as whitetail deer and wild turkey. For those considering a future homesite, the mix of mature trees and open areas provides flexibility for placement and site planning while keeping recreation access in mind.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Ohio
    State
    Kentucky
    Longitude
    -86.74008
    Latitude
    37.370764

    Nearby Similar for Sale

    • $245,000

      Recreational Hunting Land Parcel

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      Partially Wooded Hunting Tract

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      Hunting Land Tract

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      Partially Wooded Hunting Tract

      Partially wooded land with gravel-road access and vantage points suitable for hunting stands or building.
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    • $175,000

      Partially Wooded Hunting Tract

      Partially wooded acreage with a gravel road for access, offering hunting habitat and room for a building site.
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    • $251,000

      Hunting Land with Deer Stand

      Wooded habitat with established food plot areas and gravel road access for a hunting-ready setup.
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    • $139,900

      Wooded Hunting Tract

      Mostly wooded acreage off a gravel road, well-suited for hunting or a secluded build site.
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    • $149,900

      Wooded Hunting Land Tract

      A mostly wooded 53.29-acre tract with a small pond offers year-round habitat for hunting and outdoor recreation.
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    • $169,000

      Wooded Hunting and Recreation Land

      Secluded, mostly wooded acreage accessed via a gravel road, suited for hunting and camping.
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    • $71,700

      Partially Wooded Recreational Land

      A partially wooded, mostly level tract with easy gravel-road access for hunting, cabin plans, or weekend use.
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      View Details

    FAQs

    What type of property is this?
    Hunting land - A 35-acre tract of open ground and mature trees with internal gravel access for year-round recreation.
    Where is this hunting land located?
    The property is located at Tract 1 Cook Lane Cromwell, KY.
    What is the asking price?
    The asking price for this property is $122,900.
    What are key features of this property?
    This property features: 35.119‑acre property - suitable for recreation and a future homesite.; Excellent hunting opportunities for trophy whitetail deer, wild turkey, and small game.; Ideal balance of open ground and mature trees.
    (270) 735-5373
    We can help!
    Listing Contact
    Justin Ward
    Real Estate License ID: 211547
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    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.

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