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    Spacious Residential Farm on Acreage Title is generated by Realmo AI

    113 Timber Ridge Court, Alvaton, KY 42122

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    For Sale
    $824,950

    Residential Farm, 2 Story - Alvaton, KY

    Type:Farm
    Property size:
    4,840 SF
    Lot size:
    3.07 Acres
    Price / SF:
    $170/SF
    Added:
    Feb 12, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 113 Timber Ridge Court

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Office
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Patio, Porch
    Interior features
    Attic Storage, Ceiling Fan(s), Closet Light(s), Split Bedroom Floor Plan, Walk-in Closet(s), Wet Bar
    Exterior features
    Aggregate Walks, Covered Front Porch, Concrete Walks, Exterior Lights, Landscaping, Mature Trees, Other-see Remarks, Outdoor Lighting, Patio, Storage Building
    Fencing
    Gate
    Fireplace
    1
    Standard status
    Active
    APN
    068A-77-003
    Size
    4,840 SF
    Lot size
    3.07 Acres

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2007
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Brick, Brick Veneer
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    See Remarks, Storage

    We can help!

    Listing Contact
    Amber Johns

    Listing agent Amber Johns License #272769

    Listing office Benchmark Realty, LLC 2800 Scottsville Road, Bowling Green, KY

    Listing date Feb 12, 2026

    MLS# RA20260794 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three‑acre property offering privacy and open space.
    • Dedicated media room with 112"x56" screen, projector, theater chairs, and surround sound.
    • Spacious bonus room with wet bar for relaxing and entertaining.
    • Propane‑fueled double‑sided fireplace connecting kitchen and back porch.
    • 19'x15' Amish‑built storage shed with workbench.
    • Located in the desirable Timber Ridge community and zoned for Alvaton Elementary, Drakes Creek Middle, and Greenwood High School.

    Overview

    Located in Alvaton, KY, this residential farm property offers privacy and space for entertaining on 3.07 acres. The property features a two-story brick home with abundant natural light. The layout includes living spaces designed for both everyday functionality and gatherings. A dedicated media room provides a theater experience with a 112-inch by 56-inch screen, projector, eight theater chairs, and surround sound. Upstairs, a bonus room with a wet bar offers a space for relaxing or entertaining. A propane-fueled double-sided fireplace warms both the kitchen and the back porch, connecting indoor and outdoor living. The home includes a music system, including the back porch. Outside, there is a 19-foot by 15-foot Amish-built storage shed with a work bench. The home also features a security system. The 4,840 square foot home has four bedrooms, three and a half baths, and a three-car garage. It is located in the Timber Ridge community and zoned for Alvaton Elementary, Drakes Creek Middle, and Greenwood High School.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $81.3k $16.80
    − Vacancy −$4.1k −$0.84
    EGI $77.2k $15.96
    − OpEx −$34.8k −$7.18
    NOI $42.5k $8.78
    4,840 SF · lease $16.80/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $606.9K
    $531.1K – $708.1K (±1% cap)
    NOI $42,486 @ 7.0% cap · market cap 5.15%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.07M
    $935.3K – $1.25M (±1% cap)
    NOI $74,826 @ 7.0% cap · market cap 9.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Auto Repair Shop Electrical Service Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alvaton
    County
    Warren
    State
    Kentucky
    Longitude
    -86.3297268
    Latitude
    36.8443559

    FAQs

    What type of property is this?
    Farm - Residential farm with modern amenities on three acres in Alvaton.
    Where is this farm located?
    The property is located at 113 Timber Ridge Court Alvaton, KY.
    What is the asking price?
    The asking price for this property is $824,950.
    What are key features of this property?
    This property features: Three‑acre property offering privacy and open space.; Dedicated media room with **112"x56" screen, projector, theater chairs, and surround sound.**; Spacious bonus room with wet bar for relaxing and entertaining.
    (270) 847-1855
    We can help!
    Listing Contact
    Amber Johns
    Real Estate License ID: 272769
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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.

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