Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Red River Gorge Title is generated by Realmo AI

    Nada Tunnel Rd, Stanton, KY 40380

    View on Map
    Claim this Listing
    For Sale
    $85,000

    LAND - Stanton, KY

    Lot size:
    2.34 Acres
    Added:
    Jan 31, 2026
    Days on Market:
    109
    Last Refresh:
    May 20 at 9:06 am

    Property Features for Nada Tunnel Rd

    General Information

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

    We can help!

    Listing Contact
    Jacqueline Townsend

    Listing agent Jacqueline Townsend License #265864

    Listing office RE/MAX Creative, Winchester 804 Bypass Road, Lexington, KY

    Listing date Jan 31, 2026

    MLS# 26002100 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 in the heart of the Red River Gorge, a sought‑after recreational destination.
    • Large 2.34 surveyed acres.
    • Situated on a main tourist route, less than half a mile from Nada Tunnel and along the Eye of the Dragon Loop.
    • City water, sewer, and electric available.
    • Unique natural rock formations and wooded scenery.
    • Light restrictions in place, offering added flexibility.

    Overview

    This 2.34-acre surveyed property is located in the Red River Gorge area, less than half a mile from Nada Tunnel and along the Eye of the Dragon Loop. The land features natural rock formations and wooded scenery, suitable for a retreat, cabin site, or investment property. City water, sewer, and electric services are available. Light restrictions are in place. The property is located in Stanton, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Stanton
    County
    Powell
    State
    Kentucky
    Longitude
    -83.71693
    Latitude
    37.815998

    Nearby Similar for Sale

    • $1,025,000
      5,000 SF

      Established Gymnastics Gym For Sale

      Established gymnastics gym with equipment and room to expand.
      654 Furnace Road, Stanton, KY 40380
      View Details
    • $630,000
      1,400 SF

      Red River Gorge Cabins Investment

      Three cabins near Red River Gorge with income potential.
      1922 Star Gap Road, Stanton, KY 40380
      View Details
    • $190,000
      900 SF

      Versatile Commercial/Residential Property in Stanton

      Adaptable commercial space or residential home with proven success.
      793 Breckenridge St, Stanton, KY 40380
      View Details
    • $345,000
      884 SF

      Wooded Acres Near Red River Gorge

      11.33 acres with cabin near Red River Gorge.
      414 Upper Cane Creek Road, Stanton, KY 40380
      View Details
    • $315,000
      1,800 SF

      Stanton Mixed-Use Commercial Opportunity

      Versatile commercial property in downtown Stanton near Red River Gorge.
      101 N Main Street, Stanton, KY 40380
      View Details
    • $1,100,000
      950 SF

      Red River Gorge Prime Land

      39.8 acres in Red River Gorge with development potential.
      2270 Star Gap Road, Stanton, KY 40380
      View Details
    • $529,900

      Stanton Mixed-Use Commercial Property

      Main Street commercial property with storefront, apartment, and short-term rental.
      494 & 488 N Main Street, Stanton, KY 40380
      View Details
    • $199,999

      Stanton Land with Development Potential

      3.29 acres in Stanton, offering city convenience and county freedom.
      720 S Main Street, Stanton, KY 40380
      View Details
    • $69,500

      Unimproved Land Near Red River Gorge

      4 acres of land near Red River Gorge, Stanton, Kentucky.
      N Fork Rd, Stanton, KY 40380
      View Details
    • $49,000

      Kentucky Land with Mountain Views

      21.45 acres near Red River Gorge, perfect retreat.
      999 Chop Chestnut Road, Stanton, KY 40380
      View Details
    • $55,000

      Residential Land with Mountain Views

      0.53-acre lot near Stanton with scenic views.
      2786 N Bend Road lot: 3, Stanton, KY 40380
      View Details
    • $55,000

      Stanton, KY Land with Views

      0.52-acre lot with mountain views near Red River Gorge.
      2786 N Bend Road lot: 5, Stanton, KY 40380
      View Details

    FAQs

    What type of property is this?
    Recreation land - 2.34 acres near Nada Tunnel, Red River Gorge.
    Where is this recreation land located?
    The property is located at Nada Tunnel Rd Stanton, KY.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Red River Gorge, a sought‑after recreational destination.; Large 2.34 surveyed acres.; Situated on a main tourist route, less than half a mile from Nada Tunnel and along the Eye of the Dragon Loop.
    (606) 481-5575
    We can help!
    Listing Contact
    Jacqueline Townsend
    Real Estate License ID: 265864
    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
    Nada Tunnel Rd, Stanton, KY 40380
    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!