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    1479 Denney Rd Albany, KY 42602
    Property profile & analytics

    1479 Denney Rd, Albany, KY 42602

    View on Map
    • Commercial real estate
    • 22.09 lot acres
    Off-Market
    Property ID
    US34-1482803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1479 Denney Rd

    Lot size
    22.09 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 22.09-acre commercial land parcel is strategically located in Albany, Kentucky, in Clinton County, offering significant development potential. The property is conveniently situated near Lake Cumberland, approximately 10 minutes away, providing access to recreational opportunities and attracting a diverse range of potential businesses. The asking price for this expansive tract is $439,900. Its location offers easy access to the charming town of Albany, approximately 20 minutes away, providing convenient access to amenities and services. The property's size and location make it ideal for a variety of commercial ventures, from retail and hospitality to industrial and logistics. The flat terrain presents minimal site preparation challenges, potentially reducing development costs. This significant landholding represents a rare opportunity to acquire a substantial commercial property in a desirable Kentucky location with strong growth potential. The property's proximity to Lake Cumberland adds significant value, attracting both residents and tourists. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed surveys and environmental reports are available upon request. This is a unique opportunity to secure a substantial land parcel in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Clinton
    State
    Kentucky
    Longitude
    -85.1479364
    Latitude
    36.7263899

    Comparable in this City

    • $79,500
      0.90 Acres

      Lake Cumberland View Land

      0.90 acre lot with lake views in Albany, KY.
      2 Otter Vw, Albany, KY 42602
      View Details
    • $65,000
      0.75 Acres

      Albany, KY Building Lot

      0.75 acre building lot near Dale Hollow Lake.
      19 Eagle Point Dr, Albany, KY 42602
      View Details
    • $74,500
      0.74 Acres

      Lake Cumberland View Land

      0.74 acre lot with lake views in Albany, KY.
      1 Otter Vw, Albany, KY 42602
      View Details
    • $69,900
      28.00 Acres

      28 Acres Wooded Land

      28 acres of wooded land suitable for recreation.
      4 Malone Ridge Rd, Albany, KY 42602
      View Details
    • Contact for pricing
      0.57 Acres

      Albany, KY Building Lot

      Cleared 0.57-acre lot ready for building near Lake Cumberland.
      4 Penny Ln, Albany, KY 42602
      View Details
    • $52,000
      0.80 Acres

      Waterfront Land with Lake View

      Land with view of Wolf River Dock and Dale Hollow Lake.
      620 Griffin Trl, Albany, KY 42602
      View Details

    Similar Nearby for Sale

    • $79,500
      0.90 Acres

      Lake Cumberland View Land

      0.90 acre lot with lake views in Albany, KY.
      2 Otter Vw, Albany, KY 42602
      View Details
    • $65,000
      0.75 Acres

      Albany, KY Building Lot

      0.75 acre building lot near Dale Hollow Lake.
      19 Eagle Point Dr, Albany, KY 42602
      View Details
    • $74,500
      0.74 Acres

      Lake Cumberland View Land

      0.74 acre lot with lake views in Albany, KY.
      1 Otter Vw, Albany, KY 42602
      View Details
    • $69,900
      28.00 Acres

      28 Acres Wooded Land

      28 acres of wooded land suitable for recreation.
      4 Malone Ridge Rd, Albany, KY 42602
      View Details
    • Contact for pricing
      0.57 Acres

      Albany, KY Building Lot

      Cleared 0.57-acre lot ready for building near Lake Cumberland.
      4 Penny Ln, Albany, KY 42602
      View Details
    • $52,000
      0.80 Acres

      Waterfront Land with Lake View

      Land with view of Wolf River Dock and Dale Hollow Lake.
      620 Griffin Trl, Albany, KY 42602
      View Details
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    Albany, KY 42602
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    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
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