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Property profile & analytics
OFF-MARKET
Commercial real estate

1800 Rice Rd Morehead, KY 40351

Entity Owned 3-yr Hold
Property ID
US34-1058446
Property summary
AI-generated overview

This exceptional 24+ acre property presents a unique development opportunity in Rowan County, Kentucky. Located approximately two miles from Interstate 64 (Exit 133), this land boasts unparalleled accessibility, situated conveniently halfway between Lexington and Ashland, Kentucky. The strategic location offers easy access to major transportation routes, making it an ideal site for various commercial or residential ventures. The property's central position between two thriving cities provides access to a robust workforce and consumer base, promising significant growth potential. This expansive parcel is ready for immediate development, presenting a rare chance to capitalize on the burgeoning growth in this rapidly developing region of Kentucky. The address is 1800 Rice Road, Morehead, KY 40351, and the asking price is $269,900. This land offers a compelling investment opportunity for those seeking to establish a presence in a dynamic and strategically important location within Kentucky. The property is zoned for residential use.

Property profile
Verified
Property type Commercial real estate
UPID US34-1058446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jde Properties LLC · 3 yrs held
Jde Properties LLC
since 2023
1 recorded transaction
2023
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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