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    Recreational Wooded Acreage with Creek Title is generated by Realmo AI

    1290 Hwy 3249, Stanford, KY 40484

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    Claim this Listing
    For Sale
    $81,499

    LAND - Stanford, KY

    Lot size:
    20.00 Acres
    Added:
    Nov 30, 2025
    Days on Market:
    186
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1290 Hwy 3249

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    53-127A
    Lot size
    20.00 Acres

    We can help!

    Listing Contact
    Kacie Mcwhorter

    Listing agent Kacie Mcwhorter

    Listing office Central Kentucky Realty & Associates, LLC 1402 Hustonville Rd, Danville, KY

    Listing date Nov 30, 2025

    MLS# 25507085 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.

    HighLights

    • 20+/- wooded acres with privacy, elevation, and mature timber.
    • Natural water features include a creek and a small pond.
    • Rolling terrain with a flatter bottom area that could support potential homesite locations.
    • Timber was select‑cut approximately 20 years ago and is believed to be nearing readiness again (buyer to verify).
    • Water and electric are available in the area (buyer to verify).
    • Property will be surveyed and split from a larger tract; acreage and boundaries are approximate until survey completion.

    Overview

    This offering is an approximately 20-acre wooded tract in a rural setting with varied elevation and mature timber. The property includes natural water features such as a creek, a small pond, and an open bottom area. A portion of the land is flatter, which may be useful for siting future improvements, subject to buyer review of conditions and survey results.

    The land is located in Lincoln County, Kentucky, with utilities reported as available in the area. Water and electric availability should be verified by the buyer. The property will be surveyed and split from a larger tract, and acreage and boundaries are approximate until the survey is completed.

    This tract is positioned for buyers looking for private recreational land, including hunting use, as well as those considering a future cabin site or homestead-style plans. Showings are by appointment only through ShowingTime, with no showings after dark due to terrain. Timber was select-cut approximately 20 years ago, and the buyer should verify current timber condition and any related assumptions. Neighboring acreage may also be available for buyers seeking additional land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Stanford
    County
    Lincoln
    State
    Kentucky
    Longitude
    -84.6849
    Latitude
    37.5096

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    FAQs

    What type of property is this?
    Hunting land - Approximately 20 wooded acres with elevation and natural water features, suited for hunting and off-grid recreational use.
    Where is this hunting land located?
    The property is located at 1290 Hwy 3249 Stanford, KY.
    What is the asking price?
    The asking price for this property is $81,499.
    What are key features of this property?
    This property features: 20+/- wooded acres with privacy, elevation, and mature timber.; Natural water features include a creek and a small pond.; Rolling terrain with a flatter bottom area that could support potential homesite locations.
    (606) 669-1665
    We can help!
    Listing Contact
    Kacie Mcwhorter
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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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