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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    175 Golden Pond Rd Monticello, KY 42633

    • Commercial real estate
    • 0.50 lot acres
    For Sale
    View listing
    $389,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0828631
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 175 Golden Pond Rd

    Lot size
    0.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 175 Golden Pond Road in Monticello, Kentucky, presents a unique investment opportunity. Situated on a half-acre lot (0.5 acres), this fully furnished duplex offers two separate, identical units, each boasting four spacious bedrooms and two full bathrooms with modern fixtures. Both units are ideal for short-term rentals, providing immediate income potential. The property's prime location within the picturesque Golden Pond Resort offers easy access to Conley Bottom Marina and several private boat ramps. Each unit features large, comfortable back decks, perfect for relaxation. The duplexes are completely separate, with no internal access between them. The property is priced at $399,500 and is situated in a golf cart-friendly community, making it an attractive option for both investors seeking a lucrative venture and families desiring a tranquil weekend getaway. The square footage is not currently available. This turnkey property is ready for immediate occupancy or rental, presenting a rare chance to acquire a piece of paradise in a highly desirable location. Don't miss this chance to own a thriving short-term rental business in a beautiful Kentucky lake setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    21231
    State
    Kentucky
    Longitude
    -84.840002
    Latitude
    36.940671

    Comparable in this City

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      Highway 90 Commercial Land Opportunity

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    • $206,900
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      Turnkey Storage Facility in Monticello

      Established storage facility with expansion potential near Lake Cumberland.
      120 Alexander St, Monticello, KY 42633
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    • $500,000
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      Monticello Commercial Property on Highway

      Established business on high-traffic highway near lake and tourist attractions.
      1135 S Main St, Monticello, KY 42633
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    • $69,800
      Pending

      Unrestricted Land with Mountain Views

      11.37 acres of unrestricted land with utilities available.
      lot 4/5 Morris Hill Rd, Monticello, KY 42633
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    • $80,000
      Pending

      8.73 Acres in Monticello, KY

      8.73 acres with utilities ready for building.
      210 Hilltop View Rd, Monticello, KY 42633
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    • $30,000
      2.93 Acres

      Monticello Land Near Lake Cumberland

      2.93 acre lot in gated community near Lake Cumberland.
      78 Sandstone Trl, Monticello, KY 42633
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Cumberland Acreage Near Ramp

      One-acre lot in Lake Cumberland community, near boat ramp.
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      View Details
    • Contact for pricing
      Pending

      Kentucky Land with Rolling Hills

      5.99 acre wooded property perfect for building or hunting.
      6310 Highway 200, Monticello, KY 42633
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    • Contact for pricing
      1.09 Acres

      Lake Cumberland Building Lot

      1.09 acre building lot near Lake Cumberland in Monticello.
      Sandstone Point Trl, Monticello, KY 42633
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    • $33,000
      1.83 Acres

      Land Near Conley Bottom Resort

      Residential land near Conley Bottom Resort in Monticello, Kentucky.
      618 Fall Cir, Monticello, KY 42633
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    • $75,000
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      Prime Land Near Medical Center

      Cleared 2.2-acre tract ideal for commercial or residential development.
      180 Gregory St, Monticello, KY 42633
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    • New
      $250,000
      2,000 SF

      Established Business Opportunity in Monticello

      Long-standing business for sale with training and recipes included.
      1520 N Main St, Monticello, KY 42633
      View Details
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    175 Golden Pond Rd
    Monticello, KY 42633
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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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