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Property profile

652 Ed Brown Rd Morehead, KY 40351

OFF-MARKET
Other land
77.5 ac lot
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Property summary

AI-generated overview

This 77.5+/- acre farm is located in Elliott County, Kentucky, off Ed Brown Road (near Hwy 173) on the left fork of Stamper Ridge, along the clifftop above Laurel Gorge midway between Sandy Hook and Morehead. The acreage includes approximately 75 acres of fenced and cross-fenced pasture divided into six separate pastures, each with a pond. The property includes an updated farmhouse built in 2002 with approximately 2,800 sq ft of living space, featuring a master suite, four bedrooms, and three bathrooms, along with hardwood flooring, cherry custom cabinetry with granite countertops, central heat and air, an office, a newer wood-burning stove, a pellet stove, a mini-split unit, and an original propane heat pump; the residence is also wired for a generator. Exterior improvements include a front porch, back patio, 2-car carport, a concrete entry driveway, and a circular driveway suited for loading and unloading livestock trailers or equipment. Farm structures include a 120x36 12-stall horse barn with electric and water and an attached 24x24 heated tack room with hot water and an automatic feed system; a detached garage with attached hay/equipment storage; a 90 x 40 metal building for hay and equipment storage; a 36 x 80 barn with a concrete floor used as a sawmill shed; a smaller equipment storage barn; a large barn/run-in shelter across the street; a round pen; corrals; and a predator-proof chicken coop. There is also leveled land that could support a future arena area, a stocked fish pond, fiber-optic high-speed internet, and existing fruit trees with space for an orchard and vegetable garden, with access via the end of a dead-end road.

Property profile

Verified
Property type Other land
Lot 77.5 ac (3,375,900 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

652 Ed Brown Rd Morehead, KY 40351
Morehead metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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