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    For Sale (36)

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    Spacious Horse-Friendly Land in Shelbyville
    $225,000
    7.72 Acres

    Spacious Horse-Friendly Land in Shelbyville

    7.72 acres for horses with community amenities.

    94A Stallard Spg N, Shelbyville, KY 40065
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    Shelbyville Land with Agricultural Potential
    $350,000
    10.01 Acres

    Shelbyville Land with Agricultural Potential

    10-acre estate tract suitable for dream home or generational homestead.

    93 Stallard Spg N, Shelbyville, KY 40065
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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
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    Land in Stallard Springs
    $160,000
    5.00 Acres

    Land in Stallard Springs

    Homesite in a thoughtfully designed rural community with scenic views.

    110 N Stallard Spg, Shelbyville, KY 40065
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    Bagdad, KY Land Opportunity
    $315,000
    15.94 Acres

    Bagdad, KY Land Opportunity

    15.94 acre tract for building your dream home.

    4 Frys Oldburg Rd, Bagdad, KY 40003
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    Shelbyville, KY Land For Sale
    $205,000
    5.02 Acres

    Shelbyville, KY Land For Sale

    5.02 acre commercial land available in Shelbyville, Kentucky.

    91 The Farm At Stallard Spg, Shelbyville, KY 40065
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    Residential Lot in Established Neighborhood
    $79,900
    0.25 Acres

    Residential Lot in Established Neighborhood

    Quarter-acre lot in Old Mill Village, ready for your dream home.

    Old Mill Village Ct, Shelbyville, KY 40065
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    Bagdad, KY Land For Sale
    $290,000
    15.03 Acres

    Bagdad, KY Land For Sale

    15.04 acre tract perfect for building your dream home.

    1 Frys Oldburg Rd, Bagdad, KY 40003
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    Land with Pond in Bagdad
    $165,000
    5.09 Acres

    Land with Pond in Bagdad

    5.09 acre tract with pond, owner financing available.

    3 Frys Oldburg Rd, Bagdad, KY 40003
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    Shelby County Farmland Opportunity
    $4,472,923
    224.77 Acres

    Shelby County Farmland Opportunity

    224.77 acres of contiguous farmland in Shelby County, Kentucky.

    3333 Burks Branch Rd, Shelbyville, KY 40065
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    Residential Lot Near Golf Course
    $52,500
    0.38 Acres

    Residential Lot Near Golf Course

    Residential lot in desirable Gardens Subdivision near Wild Turkey Golf Course.

    1015 Green Gdn, 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
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    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
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    Shelbyville Land with Pond Ownership
    $205,000
    7.04 Acres

    Shelbyville Land with Pond Ownership

    7.04 acre homesite with full pond ownership in Stallard Springs.

    95A Stallard Spg N, Shelbyville, KY 40065
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    Shelbyville Land: Build Your Dream
    $169,900
    5.53 Acres

    Shelbyville Land: Build Your Dream

    5.53-acre walkout lot in scenic Stallard Springs community.

    6 S Stallard Dr, 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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    Bagdad, KY Land with Barn
    $214,900
    5.00 Acres

    Bagdad, KY Land with Barn

    Five-acre Shelby County land with horse barn and agricultural zoning.

    4373 Elmburg Rd, Bagdad, KY 40003
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    Shelbyville Land with Development Potential
    $300,000
    15.04 Acres

    Shelbyville Land with Development Potential

    15 acre property ideal for building or hobby farm.

    2480 Burks Branch Rd, Shelbyville, KY 40065
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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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    47 Acres of Kentucky Land
    $284,880
    47.48 Acres

    47 Acres of Kentucky Land

    Land with open fields and wooded areas in Willisburg, KY.

    47.48 Tatum Spg Rd, Willisburg, KY 40078
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    Residential Land Near Golf Course
    $52,500
    0.38 Acres

    Residential Land Near Golf Course

    Desirable residential land near Wild Turkey Golf Course.

    2 Green Gdn, Lawrenceburg, KY 40342
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    5-Acre Homesite in Shelbyville, KY
    $175,000
    5.00 Acres

    5-Acre Homesite in Shelbyville, KY

    Premier 5-acre lot for dream home near Shelbyville amenities.

    103 Stallard Spg N, Shelbyville, KY 40065
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    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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    Land in Bagdad, Kentucky
    $165,000
    5.11 Acres

    Land in Bagdad, Kentucky

    5.11 acre tract with pond near Shelbyville and I64.

    2 Frys Oldburg Rd, Bagdad, KY 40003
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    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
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    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
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    COMMERCIAL - Lawrenceburg, KY
    $760,000
    5,670 SF

    COMMERCIAL - Lawrenceburg, KY

    Storefront properties • 5,670 SF

    223 S Main St, Lawrenceburg, KY 40342
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    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
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    Kentucky Land Ideal for Recreation
    $284,880
    47.48 Acres

    Kentucky Land Ideal for Recreation

    47+/- acre tract perfect for hunting, recreation, or small farm.

    47.48 Tatum Spg Rd, Willisburg, KY 40078
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    Shelbyville Land with Building Potential
    $180,000
    6.04 Acres

    Shelbyville Land with Building Potential

    6.04 acre lot in Stallard Springs North, Shelbyville, KY.

    106 Stallard Spg N, Shelbyville, KY 40065
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    Shelbyville Land with Development Potential
    $175,000
    5.29 Acres

    Shelbyville Land with Development Potential

    Homesite with space, privacy, and a natural buffer.

    107 Stallard Spg N, 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 Land For Sale
    $299,900
    21.41 Acres

    Shelby County Land For Sale

    21.41 acres in Shelby County, ideal for hunting.

    6B Samples Rd, Waddy, KY 40076
    View details
    5 Acres Near Shelbyville Kroger
    $145,000
    5.09 Acres

    5 Acres Near Shelbyville Kroger

    5-acre tract near Cropper, 12 minutes from Shelbyville Kroger.

    5 Cropper Rd, Shelbyville, KY 40065
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    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
    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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    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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