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    Lake Cumberland Campground Development Opportunity Title is generated by Realmo AI

    8201 W KY-92, Monticello, KY 42633

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    Claim this Listing
    For Sale
    $690,000

    LAND - Monticello, KY

    Lot size:
    28.98 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    184
    Last Refresh:
    May 15 at 1:06 am

    Property Features for 8201 W KY-92

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    013-00-00-075.00
    Lot size
    28.98 Acres

    We can help!

    Listing Contact
    Epp M Walls
    Epp M Walls

    Listing agent Epp M Walls License #240997

    Listing office Kentucky Lifestyle Real Estate & Auction Services 2350 Old Fall Creek Road, Monticello, KY

    Listing date Nov 12, 2025

    MLS# 25506085 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 location: Less than one mile from Safe Harbor Beaver Creek Marina and Lake Cumberland.
    • Development‑ready: Partially developed with 7 established campsites and space for 50+ additional sites.
    • Essential utilities in place: Includes 30/50‑amp electric hookups and county water.
    • Septic system approvals: Two completed perc tests.
    • Flexible access: Two separate property entrances allow for easy navigation.
    • Dual water sources: County water plus a pumphouse built over a natural spring system.

    Overview

    Located less than one mile from Safe Harbor Beaver Creek Marina and Lake Cumberland, this 29-acre property presents an opportunity for campground or RV park development. The property features partial development with 7 established campsites, including 4 with 30-amp hookups and 3 with 50-amp service, as well as 4 freeze-proof faucets connected to county water. There is space for over 50 additional RV or tent sites. A pumphouse built over a natural spring system, improved around 2002, provides a secondary water source. Two separate property entrances allow for flexible layout and traffic flow. The groundwork has been laid for future growth, with two completed perc tests: one approved for a holding/pump-out system, and one for a traditional septic system with leach field. The location combines proximity to Beaver Creek Marina's boat ramps, fishing, and lake access. The property could be suitable for a destination RV park, private family campground, or eco-tourism retreat. It could also be an exceptional private homesite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.8215
    Latitude
    36.8129

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    FAQs

    What type of property is this?
    Campground - 29-acre property near Lake Cumberland ready for campground development.
    Where is this campground located?
    The property is located at 8201 W KY-92 Monticello, KY.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: Prime location: Less than one mile from Safe Harbor Beaver Creek Marina and Lake Cumberland.; Development‑ready: Partially developed with 7 established campsites and space for 50+ additional sites.; Essential utilities in place: Includes 30/50‑amp electric hookups and county water.
    (606) 303-2263
    We can help!
    Listing Contact
    Epp M Walls
    Epp M Walls
    Real Estate License ID: 240997
    Learn More
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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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