Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    580 Walleye Way Scottsville, KY 42164

    • Land
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 580 Walleye Way

    Lot size
    0.33 lot acres
    Property type
    Land

    Description

    This exceptional .33-acre commercial lot presents a unique opportunity near Barren River Lake in Allen County, Kentucky. Ideally situated in a peaceful lake community, this double lot offers convenient access to Scottsville, KY, providing easy access to shopping, dining, and essential services. Minutes from public boat ramps, the property boasts stunning views and proximity to a wealth of recreational activities, including boating, fishing, and swimming. The expansive space is perfect for various uses, such as constructing a lake home, establishing an RV site, or developing a weekend getaway. Enjoy the tranquility of the lake community while remaining close to the amenities of Scottsville. This property is an excellent investment opportunity for those seeking a serene lakeside retreat or a strategic commercial venture in a desirable Kentucky location. The lot's size and location near Barren River Lake make it an attractive option for building, camping, or simply enjoying the natural beauty of the area. This prime piece of land offers the perfect blend of peaceful seclusion and convenient access to local conveniences. Don't miss this chance to own a piece of Kentucky's natural beauty. The property is located at 580 Walleye Way, Scottsville, KY 42164. The asking price is $29,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.0544
    Latitude
    36.8002

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      1732-1 Old Gallatin Rd

      Land • 0.60 Acres
      1732-1 Old Gallatin Rd, Scottsville, KY 42164
      View Details
    • Value Estimation by Request
      0.31 Acres

      Largemouth Dr

      Land • 0.31 Acres
      0 Largemouth Dr, Scottsville, KY 42164
      View Details
    • Value Estimation by Request
      10.00 Acres

      4855 Walnut Creek Rd

      Land • 10.00 Acres
      4855 Walnut Creek Rd, Scottsville, KY 42164
      View Details
    • Value Estimation by Request
      1.00 Acre

      1732-3 Old Gallatin Rd

      Land • 1.00 Acre
      1732-3 Old Gallatin Rd, Scottsville, KY 42164
      View Details
    • Value Estimation by Request

      5531 Veterans Memorial Hwy

      Land
      5531 Veterans Memorial Hwy, Scottsville, KY 42164
      View Details
    • Value Estimation by Request
      12.91 Acres

      416 Old State Rd

      Land • 12.91 Acres
      416 Old State Rd, Scottsville, KY 42164
      View Details

    Similar Nearby for Sale

    • $524,900
      6.40 Acres

      Scottsville Commercial Land - 6.4 Acres

      Prime commercial lot, high traffic area, development potential.
      0 Holt Dr, Scottsville, KY 42164
      View Details
    • Contact for pricing
      0.31 Acres

      Scottsville KY Lakefront Land

      Wooded lot, lake access, unrestricted.
      0 Largemouth Dr, Scottsville, KY 42164
      View Details
    • $299,900
      1.00 Acre

      Scottsville Commercial Land Opportunity

      One-acre commercial lot, high traffic area.
      1732-3 Old Gallatin Rd, Scottsville, KY 42164
      View Details
    • $159,900
      0.60 Acres

      Scottsville Commercial Land - $159,900

      0.6-acre commercial lot, high-traffic area.
      1732-1 Old Gallatin Rd, Scottsville, KY 42164
      View Details
    • $140,000
      9.79 Acres

      Scottsville Land Near Walnut Creek

      9.79 acre residential land near Walnut Creek Marina.
      4855 Walnut Creek Rd, Scottsville, KY 42164
      View Details
    • $49,900
      2.09 Acres

      Land Near Barren River Lake

      2+ acre lot near Barren River Lake in Scottsville, KY.
      6 Meador Port Oliver Rd, Scottsville, KY 42164
      View Details
    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.
    580 Walleye Way
    Scottsville, KY 42164
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.