Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    3 Marina Pointe Court Jamestown, KY 42629

    View on Map
    Claim this Listing
    For Sale
    $69,000

    LAND - Jamestown, KY

    Lot size:
    1.05 Acres
    Added:
    Nov 18, 2024
    Days on Market:
    536
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 3 Marina Pointe Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    048-50-09-003.00
    Lot size
    1.05 Acres

    We can help!

    Listing Contact
    The Millie Weaver Team - Millie Weaver

    Listing agent The Millie Weaver Team - Millie Weaver

    Listing office Keller Williams Bluegrass Realty - Lake Cumberland 407 Monticello Street, Somerset, KY

    Listing date Nov 18, 2024

    MLS# 24024257 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

    • 1.05+/- acre lake lot, perfect for building a lake home.
    • Overlooks Jamestown Marina.
    • Located in Marina Pointe Lake Community.
    • Convenient to several boat ramps.
    • Convenient to a marina.

    Overview

    Lake Lot in Jamestown, KY

    This is a 1.05+/- acre lake lot overlooking Jamestown Marina, located in the Marina Pointe Lake Community in Jamestown, Kentucky. The property is conveniently located near several boat ramps and a marina, making it suitable for building a lake home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Russell
    State
    Kentucky
    Longitude
    -85.1275
    Latitude
    36.9448

    Nearby Similar for Sale

    • $440,000
      3,226 SF

      Jamestown Duplex Near Lake Cumberland

      Duplex with two units, close to Lake Cumberland.
      412-414 Murphy Lane unit: A-B, Jamestown, KY 42629
      View Details
    • $259,900

      Commercial Land on Highway 127

      Highly visible commercial property with road frontage on 0.918 acres.
      2485 N Main Street, Jamestown, KY 42629
      View Details
    • $2,400,000

      Versatile Commercial Property Near Jamestown

      Unique property suitable for RV park, campground, or housing development.
      1 Nelson Mill Road, Jamestown, KY 42629
      View Details
    • $34,000

      Lake Cumberland Land Opportunity

      Residential lot in Captain's Point community near Lake Cumberland.
      52 Anchor Way, Jamestown, KY 42629
      View Details
    • $45,500

      Land Near Lake Cumberland

      One acre land near Jamestown Resort & Marina.
      22 & 23 Cherry Loop, Jamestown, KY 42629
      View Details
    • $24,000

      Residential Lot Near Lake Cumberland

      1.5-acre build-ready lot in The Oaks community, Jamestown, KY.
      10 Carriage Lane, Jamestown, KY 42629
      View Details
    • $79,000

      Secluded Homesite with Lake Views

      Prestigious 1.73-acre homesite with panoramic lake and marina views.
      16 Wooldridge Road, Jamestown, KY 42629
      View Details
    • $800,000

      Vacant Land in Jamestown, KY

      3-acre vacant commercial land for sale in Jamestown, Kentucky.
      1142 North Main Street, Jamestown, KY 42629
      View Details
    • $44,900

      Land Near Jamestown Resort & Marina

      0.75 acre lot near Jamestown Resort, suitable for development.
      S Main Street, Jamestown, KY 42629
      View Details
    • $135,000

      Acreage Near Lake Cumberland

      21.89 acres perfect for building and small-scale farming.
      406 Helm Lane, Jamestown, KY 42629
      View Details
    • $129,000

      Wooded Acreage Near Lake Cumberland

      16 acres of wooded land near Lake Cumberland.
      304 Cape Road, Jamestown, KY 42629
      View Details
    • $269,000

      Gorgeous Land with Farm Views

      50 acres with open fields, woods, and road frontage.
      2820 Highway 1058, Jamestown, KY 42629
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.05+/- acre lake lot overlooking Jamestown Marina.
    Where is this residential land & home lot located?
    The property is located at 3 Marina Pointe Court Jamestown, KY.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: 1.05+/- acre lake lot, perfect for building a lake home.; Overlooks Jamestown Marina.; Located in Marina Pointe Lake Community.
    (606) 485-1865
    We can help!
    Listing Contact
    The Millie Weaver Team - Millie Weaver
    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
    3 Marina Pointe Court, Jamestown, KY 42629
    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!