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    29 Deerhaven Ln Monticello, KY 42633
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    Property profile & analytics

    29 Deerhaven Ln Monticello, KY 42633

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    • Commercial real estate
    • 93.63 lot acres
    Off-Market
    Property ID
    US34-1880984
    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 29 Deerhaven Ln

    Lot size
    93.63 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 93.63-acre property in Monticello, KY, offers a unique blend of residential comfort and recreational opportunities. The property boasts a solid brick ranch home featuring over 2,100 square feet of living space, including three bedrooms, a full bath, a spacious kitchen and dining area, and a walk-out basement with a second bathroom. The basement is heated and cooled and includes a wood stove and laundry area. A covered side porch provides ample space for entertaining. The home also features recently replaced insulated vinyl tilt-in windows and high-speed internet access. A substantial 36' x 48' insulated metal shop building with concrete floors, two 10' x 10' roll-up doors, and a walk-through door offers versatile storage and workshop space. The shop includes a 9' x 12' room with countertops and outlets. The property includes a spring-fed pond, a deer stand, and access to numerous Kentucky trails ideal for hunting, hiking, and recreational riding. The land adjoins the Army Corps of Engineers land on Lake Cumberland, offering seasonal lake views. This property presents a remarkable investment opportunity, suitable for a variety of uses, including a country home, hunting retreat, or recreational getaway. The original smokehouse adds to the property's historical charm. The asking price is $625,000.

    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
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.939811
    Latitude
    36.926051

    Comparable in this City

    • $599,000
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      Monticello Pastureland with Farm Views

      20.02 acres of fenced pastureland with a 60x70 garage.
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    • $849,000
      41.66 Acres

      Unrestricted Land Inside City Limits

      41.66 acres in Monticello, KY with utilities and access.
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    • New
      $300,000
      Pending

      30 Acres Near Lake Cumberland

      30 acres of rolling land near Cumberland River.
      9999 Acreyville Rd, Monticello, KY 42633
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    • Contact for pricing

      363 Acres Hunting Paradise

      Expansive hunting land with cabin and timber potential.
      Highway 790, Monticello, KY 42633
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    • $2,200,000
      133.00 Acres

      Unrestricted Acres Near Beaver Creek

      133+/- acres with income potential near Beaver Creek Marina.
      8600 Ky-92, Monticello, KY 42633
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    • $587,482
      21.36 Acres

      Residential Land Near Country Club

      Residential development property bordering Monticello Country Club.
      3 E Highway 90 Byp, Monticello, KY 42633
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    Similar Nearby for Sale

    • $599,000
      20.02 Acres

      Monticello Pastureland with Farm Views

      20.02 acres of fenced pastureland with a 60x70 garage.
      2301 Kentucky 92, Monticello, KY 42633
      View Details
    • $849,000
      41.66 Acres

      Unrestricted Land Inside City Limits

      41.66 acres in Monticello, KY with utilities and access.
      404 Hillrise Dr, Monticello, KY 42633
      View Details
    • New
      $300,000
      Pending

      30 Acres Near Lake Cumberland

      30 acres of rolling land near Cumberland River.
      9999 Acreyville Rd, Monticello, KY 42633
      View Details
    • $425,000
      110.00 Acres

      Secluded Land with River Frontage

      110+/- acres of unrestricted land with river and hunting opportunities.
      10 Ritner Rd, Ritner, KY 42633
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    • $160,000
      16.45 Acres

      Secluded Acreage Near Lake Cumberland

      16.45 acres near Lake Cumberland, ideal for homesite or development.
      1 Green Stable Ln, Monticello, KY 42633
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    • Contact for pricing

      Prime Commercial Land Opportunity

      6-acre commercial property with high visibility and traffic flow.
      6 Rolling Hills Blvd, Monticello, KY 42633
      View Details
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    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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