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    For Sale (46)

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    Spacious Land in Stallard Springs
    $395,000
    14.76 Acres

    Spacious Land in Stallard Springs

    14.76 acres of land for a private estate.

    The Est Tract At Stallard Spg, Shelbyville, KY 40065
    View details
    Versatile Commercial Space, Lawrenceburg
    $299,000
    1,680 SF

    Versatile Commercial Space, Lawrenceburg

    Rebuilt commercial space in downtown Lawrenceburg, suitable for various uses.

    134 Jackson St, Lawrenceburg, KY 40342
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    Land in Stallard Springs
    $250,000
    6.85 Acres

    Land in Stallard Springs

    6.85 acre homesite with sweeping views in Shelbyville, KY.

    77 The Farm At Stallard Spg, Shelbyville, KY 40065
    View details
    Residential Lot in Established Neighborhood
    $69,900
    0.25 Acres

    Residential Lot in Established Neighborhood

    Quarter-acre lot for dream home in established Shelbyville neighborhood.

    Old Mill Village Ct, Shelbyville, KY 40065
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    Lawrenceburg Commercial Opportunity on Broadway
    $425,000
    3,896 SF

    Lawrenceburg Commercial Opportunity on Broadway

    Versatile commercial property with high exposure and endless potential.

    506 W Broadway St, Lawrenceburg, KY 40342
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    Shelby County Farmland Opportunity
    $3,933,475
    224.77 Acres

    Shelby County Farmland Opportunity

    224.77 acres in Shelbyville, KY with mini-farm potential.

    3333 Burks Branch Rd, Shelbyville, KY 40065
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    Shelbyville Land with Creek View
    $230,000
    6.14 Acres

    Shelbyville Land with Creek View

    6.14 acres of privacy and natural beauty in Shelbyville.

    80 The Farm At Stallard Spg, Shelbyville, KY 40065
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    Shelbyville Land with Horse Potential
    $215,000
    7.72 Acres

    Shelbyville Land with Horse Potential

    7.72 acre lot suitable for horses in Shelbyville, KY.

    94A Stallard Spg N, Shelbyville, KY 40065
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    Serene 5-Acre Shelby County Land
    $250,000
    5.02 Acres

    Serene 5-Acre Shelby County Land

    5-acre tract in Shelbyville, perfect for building a dream home.

    12 Clear Creek Rd, Shelbyville, KY 40065
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    Shelbyville Land For Custom Home
    $205,000
    5.02 Acres

    Shelbyville Land For Custom Home

    5.02 acres of land in Shelbyville, Kentucky.

    91 The Farm At Stallard Spg, Shelbyville, KY 40065
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    Residential Land in Lawrenceburg, KY
    $84,500
    1.10 Acres

    Residential Land in Lawrenceburg, KY

    1.10 acre lot in a sought-after Lawrenceburg location.

    7 Nautical Way, Lawrenceburg, KY 40342
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    Shelbyville Land with Pond
    $200,000
    7.04 Acres

    Shelbyville Land with Pond

    7.04 acre homesite with pond in Stallard Springs.

    95A Stallard Spg N, Shelbyville, KY 40065
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    52.5 Acres on Eminence Pike
    $949,900
    52.50 Acres

    52.5 Acres on Eminence Pike

    52.5 acres of land in Shelbyville, Kentucky for sale.

    3 Trcts Combined Eminence Pike, Shelbyville, KY 40065
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    Residential Land in Premier Location
    $84,500
    1.10 Acres

    Residential Land in Premier Location

    1.10 acre homesite in Lawrenceburg, Kentucky, ideal for custom build.

    4 Nautical Way, Lawrenceburg, KY 40342
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    Land Available in Pleasureville, KY
    $140,000
    5.00 Acres

    Land Available in Pleasureville, KY

    5-acre land parcel for sale in Pleasureville, Kentucky.

    2 Castle Hwy, Pleasureville, KY 40057
    View details
    Shelbyville Land: Build Your Dream
    $164,900
    5.53 Acres

    Shelbyville Land: Build Your Dream

    5.53-acre lot in scenic Stallard Springs community.

    6 S Stallard Dr, Shelbyville, KY 40065
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    Shelbyville Land with Sweeping Views
    $384,500
    17.50 Acres

    Shelbyville Land with Sweeping Views

    17.50 acres of pasture with elevated views in Shelbyville.

    3 Eminence Pike Farms, Shelbyville, KY 40065
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    Shelbyville Land in Stallard Springs
    $175,000
    5.58 Acres

    Shelbyville Land in Stallard Springs

    5.58 acre lot in desirable Stallard Springs neighborhood.

    98 Stallard Spg N, Shelbyville, KY 40065
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    Shelbyville, KY Land For Sale
    $414,500
    20.00 Acres

    Shelbyville, KY Land For Sale

    20 acre tract ideal for a statement homesite.

    4 Eminence Pike Farms, Shelbyville, KY 40065
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    Equestrian Land with Horse Barn
    $214,850
    5.00 Acres

    Equestrian Land with Horse Barn

    Five-acre equestrian property with barn in Shelby County, Kentucky.

    4373 Elmburg Rd, Bagdad, KY 40003
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    Residential Land in Anderson County
    $84,500
    1.10 Acres

    Residential Land in Anderson County

    1.10 acre homesite near downtown Lawrenceburg with modern utilities.

    6 Nautical Way, Lawrenceburg, KY 40342
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    Shelbyville Land Parcel For Sale
    $155,000
    5.00 Acres

    Shelbyville Land Parcel For Sale

    5-acre lot in Stallard Springs, build your dream home.

    38A Stallard Spg, Shelbyville, KY 40065
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    Shelbyville Land with Homesite Potential
    $160,000
    5.68 Acres

    Shelbyville Land with Homesite Potential

    5.68 acre tract with homesite and agricultural potential.

    6 Eminence Pike Farms, Shelbyville, KY 40065
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    Residential Land in Lawrenceburg, KY
    $84,500
    1.03 Acres

    Residential Land in Lawrenceburg, KY

    1.03 acre lot ready for custom dream home.

    1 Nautical Way, Lawrenceburg, KY 40342
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    Acre Lot in Upscale Development
    $84,500
    1.00 Acre

    Acre Lot in Upscale Development

    One acre lot in Lawrenceburg's sought-after luxury development.

    3 Nautical Way, Lawrenceburg, KY 40342
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    Residential Land in Desirable Location
    $84,500
    1.10 Acres

    Residential Land in Desirable Location

    1.10 acre lot near downtown Lawrenceburg with available utilities.

    5 Nautical Way, Lawrenceburg, KY 40342
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    COMMERCIAL - Lawrenceburg, KY
    $760,000
    5,670 SF

    COMMERCIAL - Lawrenceburg, KY

    Storefront properties

    223 S Main St, Lawrenceburg, KY 40342
    View details
    Shelbyville Pasture Land For Sale
    $365,000
    15.00 Acres

    Shelbyville Pasture Land For Sale

    15 acres of Kentucky pasture, ideal for custom home.

    1 Eminence Pike Farms, Shelbyville, KY 40065
    View details
    Undeveloped Land Near Beaver Lake
    $284,500
    42.60 Acres

    Undeveloped Land Near Beaver Lake

    42.6 acres of recreational land near Beaver Lake.

    Bardstown Rd, Lawrenceburg, KY 40342
    View details
    Pleasureville Land For Sale
    $140,000
    5.00 Acres

    Pleasureville Land For Sale

    5-acre tract ideal for building a home near Eminence.

    1 Castle Hwy, Pleasureville, KY 40057
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    Shelbyville Land Ready for Construction
    $165,000
    5.00 Acres

    Shelbyville Land Ready for Construction

    5-acre lot in Stallard Springs, ready for your dream home.

    101 Stallard Spg N, Shelbyville, KY 40065
    View details
    Shelbyville Land For Sale
    $159,900
    5.02 Acres

    Shelbyville Land For Sale

    5.02 acres in Shelby County, ideal for building.

    3 Buzzard Roost Rd, Shelbyville, KY 40065
    View details
    Kentucky Countryside Dream Home Lot
    $124,900
    5.07 Acres

    Kentucky Countryside Dream Home Lot

    5-acre lot perfect for a dream home in Bagdad, KY.

    7200 Bagdad Rd, Bagdad, KY 40003
    View details
    Shelbyville Land for Dream Home
    $174,500
    5.50 Acres

    Shelbyville Land for Dream Home

    5.5-acre walkout lot in scenic Stallard Springs community.

    7 S Stallard Dr, Shelbyville, KY 40065
    View details
    Shelbyville Land Opportunity
    $210,000
    5.07 Acres

    Shelbyville Land Opportunity

    5.07 acres of land in Shelbyville, Indiana.

    89 The Farm At Stallard Spg, Shelbyville, KY 40065
    View details
    22-Acre Tract in Bagdad, KY
    $300,000
    22.41 Acres

    22-Acre Tract in Bagdad, KY

    22-acre tract ideal for a dream home or mini farm.

    1 Grover Blaydes Rd, Bagdad, KY 40003
    View details
    Lawrenceburg Land Near Beaver Lake
    $284,500
    42.60 Acres

    Lawrenceburg Land Near Beaver Lake

    Undeveloped 42.6 acres near Beaver Lake in Lawrenceburg, Kentucky.

    Bardstown Rd, Lawrenceburg, KY 40342
    View details
    Spacious Land Tract in Shelbyville
    $155,000
    5.69 Acres

    Spacious Land Tract in Shelbyville

    5.69 acre tract with homesite options and privacy.

    5 Eminence Pike Farms, Shelbyville, KY 40065
    View details
    Shelbyville Land in Stallard Springs
    $165,000
    5.00 Acres

    Shelbyville Land in Stallard Springs

    5-acre tract in Stallard Springs community, Shelbyville, KY.

    40A Boots Ct, Shelbyville, KY 40065
    View details
    Residential Land in Desirable Location
    $84,500
    1.00 Acre

    Residential Land in Desirable Location

    One-acre lot in Lawrenceburg, KY, with utilities and no HOA.

    2 Nautical Way, Lawrenceburg, KY 40342
    View details
    Shelbyville Land with Lot Credit
    $165,000
    6.04 Acres

    Shelbyville Land with Lot Credit

    6.04 acre lot with build site options near Shelbyville.

    106 Stallard Spg N, Shelbyville, KY 40065
    View details
    Shelbyville Land with Development Potential
    $165,000
    5.29 Acres

    Shelbyville Land with Development Potential

    Homesite with space, privacy, and convenient access to Shelbyville.

    107 Stallard Spg N, Shelbyville, KY 40065
    View details
    Shelby County Land For Sale
    $297,900
    21.41 Acres

    Shelby County Land For Sale

    21.41 acres in Shelby County, partially wooded.

    6B Samples Rd, Waddy, KY 40076
    View details
    5-Acre Farm with Existing Barn
    $155,000
    5.00 Acres

    5-Acre Farm with Existing Barn

    5 acres in Shelbyville, KY with barn ready for farm.

    2 Eminence Pike Farms, Shelbyville, KY 40065
    View details
    Kentucky Land on Eminence Pike
    $699,900
    37.50 Acres

    Kentucky Land on Eminence Pike

    37.5 acres of prime Kentucky ground for estate or horses.

    37.5 Acres Eminence Pike Reserve, Shelbyville, KY 40065
    View details
    Stunning 5-Acre Homesite in Shelbyville
    $165,000
    5.00 Acres

    Stunning 5-Acre Homesite in Shelbyville

    Premier 5-acre lot with pond near Shelbyville amenities.

    103 Stallard Spg N, Shelbyville, KY 40065
    View details

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    Torrey Smith Realty Co., LLC
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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
    Torrey Smith Realty Co., LLC
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