Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scenic Lot in Carlisle, KY Title is generated by Realmo AI

    1997 Walnut Grove Road, Carlisle, KY 40311

    View on Map
    Claim this Listing
    For Sale
    $59,500

    LAND - Carlisle, KY

    Lot size:
    1.46 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    314
    Last Refresh:
    May 20 at 6:06 am

    Property Features for 1997 Walnut Grove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    009-00-00-014.000
    Lot size
    1.46 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Jeremiah B Brown

    Listing agent Jeremiah B Brown License #294658

    Listing office JB Land & Home Realty 4629 Maysville Road, Carlisle, KY

    Listing date Jul 11, 2025

    MLS# 25015104 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

    • Prime lot on scenic North Johnson Road, Carlisle, KY - ideal for building a dream home.
    • Water and electric access readily available at the road.
    • Owner financing available with a minimum $5,000 down payment and interest rate starting at 6%.
    • Modular homes and Barndominiums are allowed.
    • Conveniently located 15 minutes from both Paris and Cynthiana.
    • No prepayment penalties on owner financing.

    Overview

    This 1.462-acre lot is located on North Johnson Road in Carlisle, KY. Water and electric access are available by the road. Modular and barndominium homes are permitted. The property is located 15 minutes from both Paris and Cynthiana. Owner financing is available with a minimum $5,000 down payment and an interest rate starting at 6%. There are no prepayment penalties, and the buyer may make additional payments toward the principal at any time. The property is located in Nicholas County, with a Carlisle postal city and a postal code of 40311. The zoning is AR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Carlisle
    County
    Nicholas
    State
    Kentucky
    Longitude
    -84.146024
    Latitude
    38.333819

    Nearby Similar for Sale

    • $349,900
      2,520 SF

      Commercial Property in Carlisle, KY

      2,520 SF commercial property on 0.713 acres for sale.
      2783 Concrete Road, Carlisle, KY 40311
      View Details
    • $1,000,000

      Carlisle Commercial Land Opportunity

      10 acres of commercial land in a high-growth area.
      201 S Johnson, Carlisle, KY 40311
      View Details
    • $140,000

      4-Acre Building Lot in Carlisle

      4+/- acre building lot near Millersburg, close to US-68.
      S Johnson Road, Carlisle, KY 40311
      View Details
    • $125,000

      Kentucky Land with Pastureland and Creek

      20-acre property with pastureland, creek, and development potential.
      20A Mint Ridge Road, Carlisle, KY 40311
      View Details
    • $12,333
      12,333 SF

      COMMERCIAL - Carlisle, KY

      Former hospital on 3.7 acres in Carlisle, Kentucky.
      149 Scrubgrass Rd, Carlisle, KY 40311
      View Details
    • $850,000
      1,050 SF

      Carlisle, KY Townhouse Apartments

      Eight-unit townhouse complex in Carlisle, KY with long-term tenants.
      382 W Main Street, Carlisle, KY 40311
      View Details
    • $185,000

      Nicholas County Land For Sale

      24 acres in Nicholas County, ideal homesite and recreational use.
      24A E Union Rd, Carlisle, KY 40311
      View Details
    • $400,000

      Kentucky Land with Development Potential

      143-acre wooded property in Nicholas County, Kentucky, for recreation/development.
      Bald Hill & Richie Road, Carlisle, KY 40311
      View Details
    • $24,500

      Cleared Building Lots in Carlisle

      Two ready-to-develop lots in downtown Carlisle, Kentucky.
      312 & 314 Dorsey Avenue, Carlisle, KY 40311
      View Details
    • $255,000

      58 Acres of Kentucky Land

      58 acres of Kentucky land perfect for the outdoorsman.
      1A Crooked Creek Road, Carlisle, KY 40311
      View Details
    • $34,400

      Rural Lot with Recreational Potential

      3+ acre lot with building site, trails, and wildlife.
      Goose Creek Road, Carlisle, KY 40311
      View Details
    • $59,500

      Carlisle, KY Land For Sale

      1.432 acre lot with utilities, ideal for building.
      2003 Walnut Grove Road, Carlisle, KY 40311
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale with utilities, ideal for building a home.
    Where is this residential land & home lot located?
    The property is located at 1997 Walnut Grove Road Carlisle, KY.
    What is the asking price?
    The asking price for this property is $59,500.
    What are key features of this property?
    This property features: Prime lot on scenic North Johnson Road, Carlisle, KY - ideal for building a dream home.; Water and electric access readily available at the road.; Owner financing available with a minimum $5,000 down payment and interest rate starting at 6%.
    (859) 473-2259
    We can help!
    Listing Contact
    Jeremiah B Brown
    Real Estate License ID: 294658
    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

    Thank You for Inquiry
    1997 Walnut Grove Road, Carlisle, KY 40311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!