Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Home Lot Package Title is generated by Realmo AI

    Muskie Way, Scottsville, KY 42164

    View on Map
    Claim this Listing
    For Sale
    $64,900

    LAND - Scottsville, KY

    Lot size:
    0.50 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 7 at 7:06 pm

    Property Features for Muskie Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Rebecca Richards
    Rebecca Richards

    Listing agent Rebecca Richards License #315011

    Listing office EXIT Prime Realty 610-B Hwy. 76, White House, KY

    Listing date Apr 13, 2026

    MLS# RA20262019 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3 lots included: #537, #578, and #579 (lot numbers only; not street addresses)
    • Lot 537 fronts Muskie; lots 578 and 579 front Redfin Rd
    • 2500‑gallon septic system installed in 2018
    • Seller states the septic system could support a larger home with multiple bedrooms or multiple rental cabins
    • About 2.5 miles to Walnut Creek Boat Ramp and Marina
    • Convenient to Barren River Lake (10,100‑acre reservoir) and Barren River Lake State Resort Park

    Overview

    This offering includes lots numbered 537, 578, and 579, which are listed by lot number rather than street address. Lot 537 fronts Muskie Way, while lots 578 and 579 front Redfin Rd. A 2,500-gallon septic system was installed in 2018, providing a developed site component for prospective construction.

    The lots are located near Barren River Lake and Barren River Lake State Resort Park, a U.S. Army Corps of Engineers-managed 10,100-acre reservoir and recreation area. The property is also about 2.5 miles from Walnut Creek Boat Ramp and Marina. Additional nearby attractions mentioned include Paradise Point and Rusty’s Lakeside Pub, as well as Amish markets, Mammoth Cave National Park, the Corvette Museum, and Beech Bend Park and Raceway.

    The installed septic system supports development that may include multiple rental cabins, or alternatively a larger residence with multiple bedrooms, according to the seller’s stated anticipation. For buyers looking for a small lot package with an existing septic in place, this configuration offers a straightforward starting point for designing a vacation-oriented property near the lake and related amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.0593594
    Latitude
    36.79751991

    Nearby Similar for Sale

    • $199,900
      2,400 SF

      Scottsville Commercial Building For Sale

      Large insulated and heated building suitable for various business uses.
      4466 Walnut Creek Road, Scottsville, KY 42164
      View Details
    • $269,900

      Flex Building with Warehouse

      Office buildout plus warehouse with overhead doors and secured fenced yard storage for mixed-use operations.
      60 Lambert Road, Scottsville, KY 42164
      View Details
    • $514,900

      Commercial Development Land Parcel

      6.4-acre development site with convenient access in a high-traffic area near Scottsville.
      Holt Drive, Scottsville, KY 42164
      View Details
    • $399,500

      3-Acre Corner Lot on Highway

      High-visibility 3-acre corner lot with utilities available.
      250 Spears Road, Scottsville, KY 42164
      View Details
    • $189,900

      Commercial Land Lot for New Business

      A 1-acre commercial lot in Scottsville, KY, offering flexible space for a new business site.
      1732-2 Old Gallatin Road, Scottsville, KY 42164
      View Details
    • $349,900

      Turnkey Triplex Income Property

      Fully rented triplex with three units, each offering 2 bedrooms, 2 full baths, appliances, and private parking.
      796 Oliver Street, Scottsville, KY 42164
      View Details
    • $149,050

      Lake Property with Camper Hookups

      Lake lots near Barren River Lake with campers and hookups.
      465 Silverside Drive, Scottsville, KY 42164
      View Details
    • $219,900

      Lakefront Lot with Private Dock

      Build in a gated lakefront subdivision with an existing aluminum dock and paved golf-cart access to the water.
      Hurt Lane lot: #41, Scottsville, KY 42164
      View Details
    • $204,900

      Turnkey Fully Rented Duplex

      Well-maintained duplex with both units occupied, offering immediate rental income for an owner-occupant or investor.
      110 Allen Drive, Scottsville, KY 42164
      View Details
    • $119,900

      Lakefront Lot with Dock Access

      Residential lot with lake views and community amenities.
      Waterside Trail lot: #23, Scottsville, KY 42164
      View Details
    • $289,900

      Commercial Land Parcel with Easy Access

      Commercial lot in a high-traffic area with easy access, offering flexibility for development or aggregation with nearby acreages.
      1732-3 Old Gallatin Road, Scottsville, KY 42164
      View Details
    • $450,000

      Commercial Development Land with Utilities

      Approximately 1.47 acres on a high-traffic highway corridor with an access road and utilities available for commercial development.
      1749 Veterans Memorial Highway, Scottsville, KY 42164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three adjacent lots include an installed 2,500-gallon septic system for flexible cabin or larger-home development plans.
    Where is this residential land & home lot located?
    The property is located at Muskie Way Scottsville, KY.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: 3 lots included: #537, #578, and #579 (lot numbers only; not street addresses); Lot 537 fronts Muskie; lots 578 and 579 front Redfin Rd; 2500‑gallon septic system installed in 2018
    (615) 504-7425
    We can help!
    Listing Contact
    Rebecca Richards
    Rebecca Richards
    Real Estate License ID: 315011
    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
    Muskie Way, Scottsville, KY 42164
    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!