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    For Sale (12)

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    Land in Turners Station, KY
    Contact for pricing
    3.00 Acres

    Land in Turners Station, KY

    3-acre wooded land with mature timber and wildlife.

    Switcher Hill Rd, Turners Station, KY 40075
    View details
    Shelbyville Land with Large Barn
    $499,500
    24.85 Acres

    Shelbyville Land with Large Barn

    24.85 acres near Shelbyville with a 46'x100' barn.

    3150 Cropper Rd, Shelbyville, KY 40065
    View details
    Residential Lot in Doe Valley
    $50,000
    0.50 Acres

    Residential Lot in Doe Valley

    0.5-acre corner lot with lake views and community amenities.

    Lakeshore Pkwy, Brandenburg, KY 40108
    View details
    72 Acres Farm in Bedford, KY
    Contact for pricing
    72.15 Acres

    72 Acres Farm in Bedford, KY

    72-acre farm with woods and barn in Bedford, KY.

    715 Devin Dr, Bedford, KY 40006
    View details
    Shelbyville Land with Lake Cottage
    $849,000
    28.00 Acres

    Shelbyville Land with Lake Cottage

    28 acres with lake, cottage, and caboose near horse farms.

    5976 Eminence Pike, Shelbyville, KY 40065
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    Campbellsville Land For Sale
    $287,500
    14.51 Acres

    Campbellsville Land For Sale

    14.51 acres near Campbellsville, Kentucky, ideal for various uses.

    123 Fallen Timber Rd, Campbellsville, KY 42718
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    Land in Interchange Zone
    $1,000,000
    1.37 Acres

    Land in Interchange Zone

    1.37 acres located near the new Ford plant.

    Taylorsville Rd, Shelbyville, KY 40065
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    Springfield Multi-Family Home with Barndominium
    $749,900
    3,509 SF

    Springfield Multi-Family Home with Barndominium

    Home with barndominium, ideal for investors or multi-family living.

    122 Airport Ln, Springfield, KY 40069
    View details
    Serene Wooded Land with Streams
    $141,900
    20.00 Acres

    Serene Wooded Land with Streams

    20 acres of peaceful land with streams, ideal for recreation.

    1590 Crooked Creek Rd, Lawrenceburg, KY 40342
    View details
    Land with Dual Road Frontage
    $149,000
    4.35 Acres

    Land with Dual Road Frontage

    4.35 acres with renovation project and development potential.

    2497 Lagrange Rd, New Castle, KY 40050
    View details
    Kentucky Cattle Farm on 151 Acres
    $1,150,000
    151.30 Acres

    Kentucky Cattle Farm on 151 Acres

    151.3 acre working cattle farm in Henry County, Kentucky.

    1279 Campbellsburg Rd, New Castle, KY 40050
    View details
    Highway Frontage Land For Sale
    $1,000,000

    Highway Frontage Land For Sale

    1.37 acre commercial land near new Ford plant.

    000 Taylorsville Rd, Shelbyville, KY 40065
    View details

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    Weichert Realtors H. Barry Smith Company
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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
    Weichert Realtors H. Barry Smith Company
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