Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Acres Wooded Land Sanctuary Title is generated by Realmo AI

    5+/- Acres Hwy 415, Albany, KY 42602

    View on Map
    Claim this Listing
    For Sale
    $34,900

    Vacant Land - Albany, KY

    Lot size:
    5.00 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    49
    Last Refresh:
    May 13 at 10:06 pm

    Property Features for 5+/- Acres Hwy 415

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TJ Stearns
    TJ Stearns

    Listing agent TJ Stearns

    Listing office United Country - Lakes and Land Realty 112 E Cumberland Street, Albany, KY

    Listing date Mar 26, 2026

    MLS# 11737409 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5+/- acre wooded parcel offering privacy.
    • Potential for a weekend retreat, starter cabin, or nature‑filled homesite.
    • Gentle terrain suitable for building.
    • Abundant mature trees.
    • Space for a garden, trails, and outdoor amenities.
    • Garage parking available.

    Overview

    This 5+/- acre wooded parcel offers serene privacy with gentle terrain and abundant potential. It is suited for a weekend retreat, a starter cabin, or a nature-filled homesite. The land provides space for a garden, trails, and outdoor amenities. It is located in Albany, KY, 42602.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Albany
    County
    Clinton
    State
    Kentucky
    Longitude
    -85.1287
    Latitude
    36.6815

    Nearby Similar for Sale

    • $349,000

      Albany Office Building For Sale

      Well-appointed office building with flexible workspace solutions and ample parking.
      2366 Business 127 N, Albany, KY 42602
      View Details
    • $689,900
      3,420 SF

      Kentucky Estate with Mountain Views

      Estate on 18 acres with mountain views and versatile land.
      1572 Haddix Road, Albany, KY 42602
      View Details
    • $799,000

      Versatile Commercial Building on 5 Acres

      7,000 sq ft building with flexible space on 5 acres.
      186 Ky Hwy 90w, Albany, KY 42602
      View Details
    • $799,000
      7,000 SF

      Versatile Commercial Building on 5 Acres

      7,000 sq ft building on 5 acres near highway junction.
      186 Kentucky 90, Albany, KY 42602
      View Details
    • $249,900
      1,875 SF

      Albany Commercial Property with Income

      Commercial property in Albany, KY with rental income.
      214 S Washington Street, Albany, KY 42602
      View Details
    • $46,000

      Airpark Land Ready to Build

      One acre of land ready to build in Albany, KY.
      Lots #16 & #22 S Taxiway Dr, Albany, KY 42602
      View Details
    • $35,000

      Airpark Lot Near Dale Hollow

      0.5+/- acre lot on taxiway near Dale Hollow Lake.
      Lot #12 N Taxiway Dr, Albany, KY 42602
      View Details
    • $159,000

      9.05 Acres Near Wisdom Dock

      9.05 acres near Wisdom Dock Marina, Albany, Kentucky.
      5406 Wisdom Dock Road, Albany, KY 42602
      View Details
    • $159,000

      9.05 Acres Near Wisdom Dock

      9.05 acres near Wisdom Dock Marina in Albany, KY.
      5406 Wisdom Dock Rd, Albany, KY 42602
      View Details
    • $395,000

      22 Acres Near Lake Cumberland

      Unrestricted 22-acre property near Grider Hill Dock Marina.
      4647 Grider Hill Dock Road, Albany, KY 42602
      View Details
    • $49,900

      Unrestricted Land Near Marina Rowena

      One-acre unrestricted land near Marina Rowena with utilities available.
      906 Denney Road lot: 10, Albany, KY 42602
      View Details
    • $729,000

      95 Acres Near Lake Cumberland

      Undeveloped land near Lake Cumberland with unrestricted potential.
      Mcfall Rd, Albany, KY 42602
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5+/- acre wooded land parcel with potential homesite.
    Where is this residential land & home lot located?
    The property is located at 5+/- Acres Hwy 415 Albany, KY.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: 5+/- acre wooded parcel offering privacy.; Potential for a weekend retreat, starter cabin, or nature‑filled homesite.; Gentle terrain suitable for building.
    (606) 387-0020
    We can help!
    Listing Contact
    TJ Stearns
    TJ Stearns
    Real Estate License ID: 282728
    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
    5+/- Acres Hwy 415, Albany, KY 42602
    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!