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    The Largest CRE Database in the US with Over 1 Million Listings

    12597 S Jefferson St Princeton, KY 42445

    Sponsored
    For Sale
    $2,699,900

    Residential Farm - 2 Story,Country,Farm House,Historical,Patio,Ranch

    Type:Farm
    Property size:
    4,329 SF
    Lot size:
    24.49 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 3 at 11:06 am

    Property Features for 12597 S Jefferson St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Office, Workshop
    Bedrooms
    5
    Bathrooms
    3
    APN
    28-10_10C
    Parking features
    Garage, Garage - Detached
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Attic Access Only, Attic Fan, Attic Storage, Bookshelves, Ceiling Fan(s)
    Exterior features
    Aggregate Walks, Barn, Covered Front Porch, Out Building, Silo(s), Workshop, Court Yard, Covered Deck, Covered Patio, Enclosed Patio, Exterior Lights, Garden Area, Gas Grill, Gazebo, Landscaping, Mature Trees, Outdoor Lighting, Patio, Pond(s), Porch, Stables, Storage Building, Storage Shed, Trees, Storm Shelter, Backyard Fence, Fence
    Fencing
    Fenced, Gate
    Fireplace
    1
    Size
    4,329 SF
    Lot size
    24.49 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air, Electric, Gas (Cooling)

    Building Details

    Year built
    1940
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Historical
    Additional Structures
    Barn(s), Gazebo, Packing Shed, Shed(s), Stable(s), Storage, Workshop

    We can help!

    Listing Contact
    Terry Stahl

    Crye-Leike REALTORS (931) 647-3400

    Listing agent Terry Stahl (931) 647-3400

    Listing date Jan 4, 2026

    MLS# RA20256743 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.

    Learn more

    Property Insight Report

    Overview

    Kentucky Farmhouse Estate and Venue

    This historical landmark farm, situated on 24.49 acres in Princeton, Kentucky, presents a unique opportunity to own a turn-key horse farm, wedding venue, and profitable Airbnb. The property, located a short drive from Nashville and close to Patti’s 1880’s Settlement, blends timeless charm with modern updates. The estate features a guest house currently used as a profitable Airbnb, including a bridal suite with 2 bedrooms, a full bath, a bridal dressing room, a hot tub, and a deck. There is also a Groom’s Quarters with a private entrance, living room, and library wall, plus an additional rental unit with a private deck. The reception area includes an open-air chapel, dining hall, and kitchen space, as well as a main barn with a spiral staircase to an upstairs dance hall, guest bathrooms with 2 stalls, a shower, and a lobby area with hand-hewn log benches. The working horse farm includes 2 barns with multiple stalls, hay storage, two ponds, a full-size outdoor riding arena, and multiple automatic waters for livestock. The renovated farmhouse features a spacious kitchen and dining area with custom-painted cabinets, granite countertops, a center island, brick flooring, and new appliances. Hardwood floors run throughout the 4,329 square foot home. Off the kitchen are a utility room, pantry, and a silo room with travertine floors. Additional highlights include a large great room with a fireplace, 2 downstairs bedrooms, and 2 upstairs bedrooms with a bonus room. An outdoor cabana with a fireplace is equipped for TV or grilling. The property is currently used for weddings with multiple outbuildings suitable for events. The property also includes 25 fenced and cross-fenced acres and a separate farm entrance with its own water meter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chateau Princeton Wedding Service

    Map

    City
    Princeton
    County
    Caldwell
    State
    Kentucky
    Longitude
    -87.9532459
    Latitude
    37.0651579

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    FAQs

    What type of property is this?
    Horse & equestrian property - Historical 25-acre Kentucky farm, wedding venue, and Airbnb property.
    Where is this horse & equestrian property located?
    The property is located at 12597 S Jefferson St Princeton, KY.
    What is the asking price?
    The asking price for this property is $2,699,900.
    What are key features of this property?
    This property features: - Turn-key horse farm, wedding venue, and profitable Airbnb generating year-round income.; - 25 fenced and cross-fenced acres with a separate farm entrance suitable for an additional building lot.; - Historical 1935 landmark farm with modern updates, conveniently located near Nashville and Patti’s 1880’s Settlement.
    (615) 642-8980
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    12597 S Jefferson St Princeton, KY 42445
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    Princeton, KY 42445
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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
    12597 S Jefferson St Princeton, KY 42445
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    We can help!
    Listing Contact
    Terry Stahl
    (615) 642-8980
    Learn more
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