Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grayson County Land for Sale Title is generated by Realmo AI

    5579 Falls of the Rough Rd, Caneyville, KY 42721

    View on Map
    Claim this Listing
    For Sale
    $199,999

    LAND - Caneyville, KY

    Lot size:
    32.80 Acres
    Added:
    May 30, 2025
    Days on Market:
    356
    Last Refresh:
    May 20 at 4:06 am

    Property Features for 5579 Falls of the Rough Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    037-00-00-029.0C
    Lot size
    32.80 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jeremy Byers
    Jeremy Byers

    Listing agent Jeremy Byers License #63353

    Listing office RE/MAX Premier Properties 10605 Shelbyville Road, Louisville, KY

    Listing date May 30, 2025

    MLS# 1688288 Listing URL

    Copyright © 2026 Greater Louisville 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

    • Almost 33 acres of land in Grayson County
    • Abundant wildlife (deer & turkey) for hunting
    • Close proximity to Rough River Lake (10 minutes)
    • Potential for building a private retreat or hunting cabin
    • Convenient access to Nolin Lake, Bowling Green, Louisville, Nashville, and Evansville
    • Mix of hardwoods and creek boundary

    Overview

    This 32.8-acre property is located in Grayson County, north of Caneyville, Kentucky. The land is approximately 10 minutes from Rough River Lake, less than 40 minutes from Nolin Lake, under an hour from Bowling Green, and less than two hours from Louisville, Nashville, and Evansville. The property, suitable for building a private retreat or for hunting, features a rough hunting cabin. The land includes a mix of hardwoods such as Ash, Walnut, Hickory, and Oak, along with a creek boundary on the northern side, and several rock overhangs and formations. According to the seller, electric, water, and high-speed internet are available nearby. The property is populated with deer and turkey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Caneyville
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.4831
    Latitude
    37.4228

    Nearby Similar for Sale

    • $999,900

      Caneyville Commercial Land Opportunity

      6.854 acres near WK parkway exit with roadside views.
      620 Morgantown Rd, Caneyville, KY 42721
      View Details
    • $375,000

      Income Property with Storage Units

      Turnkey income property featuring storage units and apartments.
      303 E Maple Street, Caneyville, KY 42721
      View Details
    • $913,445

      Grayson County Farmland For Sale

      140.53 acres in Grayson County, Kentucky with road frontage.
      Post Tousey Road, Caneyville, KY 42721
      View Details
    • $201,876

      Land For Sale, Caneyville, KY

      54.71 acre land parcel available in Caneyville, Kentucky.
      Duvall Rd lot: 16, Caneyville, KY 42721
      View Details
    • $285,000

      Versatile Land in Grayson County

      48-acre property with diverse habitat, hunting potential, and residential opportunity.
      Hornback Lane, Caneyville, KY 42721
      View Details
    • $199,999

      Grayson County Hunting and Agriculture Land

      32.8 acres in Grayson County, ideal for hunting or retreat.
      5579 Falls of Rough Road, Caneyville, KY 42721
      View Details
    • $183,984

      Land For Sale in Caneyville

      32.97 acre land parcel available in Caneyville, Kentucky.
      Duvall Rd lot: 7, Caneyville, KY 42721
      View Details
    • $170,117

      Land For Sale, Caneyville, KY

      30.49 acre land parcel available in Caneyville, Kentucky.
      Duvall Rd lot: 8, Caneyville, KY 42721
      View Details
    • $240,260

      Land For Sale in Caneyville

      66.74 acre land parcel available in Caneyville, Kentucky.
      Duvall Rd lot: 15, Caneyville, KY 42721
      View Details
    • $177,154

      Land For Sale in Caneyville

      31.75 acres of land available in Caneyville, Kentucky.
      Duvall Rd lot: 10, Caneyville, KY 42721
      View Details
    • $3,270,000
      1,832 SF

      Kentucky Farm with Private Lake

      327-acre Kentucky farm featuring a 40-acre private lake.
      2313 Bowling Green Road, Caneyville, KY 42721
      View Details
    • $89,500

      Secluded Acreage in Caneyville, KY

      13.72 acres perfect for hunting or recreation near WK Pkwy.
      1293 Caneyville Cut Off Rd, Caneyville, KY 42721
      View Details

    FAQs

    What type of property is this?
    Land - 32.8 acres of hunting land near Rough River Lake.
    Where is this land located?
    The property is located at 5579 Falls of the Rough Rd Caneyville, KY.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: Almost 33 acres of land in Grayson County; Abundant wildlife (deer & turkey) for hunting; Close proximity to Rough River Lake (10 minutes)
    (502) 384-5944
    We can help!
    Listing Contact
    Jeremy Byers
    Jeremy Byers
    Real Estate License ID: 63353
    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
    5579 Falls of the Rough Rd, Caneyville, KY 42721
    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!