Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Upscale Subdivision Title is generated by Realmo AI

    Park Place lot 7, Russell Springs, KY 42642

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Russell Springs, KY

    Lot size:
    0.82 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for Park Place lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    020-90-20-007.00
    Lot size
    0.82 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Whitney Marcum

    Listing agent Whitney Marcum License #264287

    Listing office Lake Cumberland Properties, Ltd. Co. 104 Monument Square, Louisville, KY

    Listing date Feb 20, 2026

    MLS# 26005883 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

    • Desirable Park Place subdivision location in Russell Springs
    • Level to gently rolling 0.82‑acre lot suitable for various home styles
    • City water and sewer available
    • Restrictions in place to protect property values and neighborhood integrity
    • Conveniently located near schools, shopping, dining, and the Cumberland Parkway
    • Upscale community with quality custom‑built homes

    Overview

    This 0.82-acre lot is located in the Park Place subdivision of Russell Springs, Kentucky. The property features a level to gently rolling topography suitable for various home styles and layouts. It is situated in an upscale community with custom-built homes and includes city water and sewer services. Restrictions are in place to maintain neighborhood integrity and protect property values. The location provides convenient access to local schools, shopping, dining, and the Cumberland Parkway for commuting and travel. This lot is suitable for building a primary residence or for investment purposes. Additional lots are available within the subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Russell Springs
    County
    Russell
    State
    Kentucky
    Longitude
    -85.098309
    Latitude
    37.058824

    Nearby Similar for Sale

    • $359,900
      1,800 SF

      Versatile Commercial Property on Hwy 80

      Commercial property with residential features, high visibility, and business potential.
      286 E Steve Wariner Drive, Russell Springs, KY 42642
      View Details
    • $259,900
      1,300 SF

      Versatile Commercial Property on Highway

      Commercial property ideal for professional, medical, retail, or office uses.
      262 E Steve Wariner Drive, Russell Springs, KY 42642
      View Details
    • $325,000
      1,000 SF

      Commercial Property on U.S. Hwy 127

      Commercially zoned property with high visibility and flexible layout.
      2413 US-127, Russell Springs, KY 42642
      View Details
    • $149,000
      4,416 SF

      Versatile Commercial Property in Russell Springs

      Commercial property with flexible layout, suitable for various business ventures.
      4661 Kentucky 379, Russell Springs, KY 42642
      View Details
    • $299,999
      1,904 SF

      Commercial Property in Russell Springs, KY

      Versatile commercial property suitable for various industrial businesses.
      698 State Hwy 1383, Russell Springs, KY 42642
      View Details
    • $711,000
      10,000 SF

      Commercial Building in Russell Springs

      Commercial building with 10,000 SF on 1.08 acres.
      130 WILSON AVE., Russell Springs, KY 42642
      View Details
    • $80,000

      Creek Frontage Building Lot

      4.97 acre lot with creek frontage near Lake Cumberland.
      2563 Arlis Hale Road, Russell Springs, KY 42642
      View Details
    • $690,000

      Lake Ridge Estates Land

      53 lots with utilities, lake access, and marina nearby.
      100 Dockery Road, Russell Springs, KY 42642
      View Details
    • $250,000

      Land Near Cumberland Parkway

      23.5-acre property near Cumberland Parkway, suitable for various uses.
      1075 Patterson Road, Russell Springs, KY 42642
      View Details
    • $27,900

      Residential Lot in Park Place

      1.83-acre building lot in Russell Springs with water views.
      Park Place lot: 15, Russell Springs, KY 42642
      View Details
    • $23,900

      Residential Lot in Park Place

      Building lot in Russell Springs, KY, near Cumberland Parkway.
      Park Place lot: 9, Russell Springs, KY 42642
      View Details
    • $169,000
      510 SF

      Turnkey Restaurant Opportunity Near Highway

      Fully equipped restaurant for sale in high-traffic Lake Cumberland area.
      178 Lakeway Dr, Russell Springs, KY 42642
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.82 acre building lot in Russell Springs, Kentucky.
    Where is this residential land & home lot located?
    The property is located at Park Place lot 7 Russell Springs, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Desirable Park Place subdivision location in Russell Springs; Level to gently rolling 0.82‑acre lot suitable for various home styles; City water and sewer available
    (859) 608-7246
    We can help!
    Listing Contact
    Whitney Marcum
    Real Estate License ID: 264287
    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
    Park Place lot: 7, Russell Springs, KY 42642
    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!