Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13217 State Route 121 S New Concord, KY 42026

    View on Map
    New
    For Sale
    $215,000

    Residential - New Concord, KY

    Lot size:
    27.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 13217 State Route 121 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    27.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cheryl Roberts

    Listing agent Cheryl Roberts License #247755

    Listing office Markethouse Realty, PLLC 218 South 12th Street, Murray, KY

    Listing date Mar 31, 2026

    MLS# 135321 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    27 Acres with Pole Barn

    This versatile 27-acre property features a 30x60 pole barn with a concrete floor and electricity. The barn is equipped with two 14-ft doors, allowing for easy pull-through access, making it suitable for equipment storage, a workshop, or farm use. An old wooden barn provides additional storage options and character. The property includes a ready building site with a well in place and electric service already run, making it well suited for a future home or other improvements. The property is located in New Concord, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Concord
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.117407
    Latitude
    36.522976

    Nearby Similar for Sale

    • $125,000

      Versatile Acreage with Pole Barn

      1.5 acre property with pole barn and building site.
      13217 State Route 121 S, New Concord, KY 42026
      View Details
    • $125,000

      Land with Pole Barn

      Versatile property with pole barn, ready building site, and utilities.
      13217 State Route 121 S, New Concord, KY 42026
      View Details
    • $215,000

      27 Acres with Pole Barn

      27 acre property with pole barn and building site.
      13217 State Route 121 S, New Concord, KY 42026
      View Details
    • $675,000

      Kentucky Lake Hunting and Recreational Property

      Diverse hunting and recreational property near Kentucky Lake with modern lodge.
      10471 State Route 121 South, New Concord, KY 42076
      View Details
    • $237,500

      Kentucky Lake Waterfront Lot

      Waterfront lot with building area on Kentucky Lake.
      Lot 67 Hillsdale Ln., New Concord, KY 42076
      View Details
    • $1,800,000
      800 SF

      Hunting Farm with Income Potential

      Turnkey hunting farm with cabin, ponds, food plots, and trails.
      000 Grubbs Road, New Concord, KY 42076
      View Details
    • $12,000

      Kentucky Lake Residential Land

      1.6 acres near Kentucky Lake, ideal for recreation.
      000 McClain Drive, New Concord, KY 42076
      View Details
    • $699,900

      Calloway County Hunting Retreat

      142+/- acre hunting retreat with cabin near Kentucky Lake.
      1149 Valentine Road, New Concord, KY 42076
      View Details
    • $33,000

      Kentucky Lake Residential Land

      1.26 acre residential land near Kentucky Lake.
      000 Patricia Drive, New Concord, KY 42076
      View Details
    • $3,900

      Land Near Kentucky Lake

      Two adjoining lots totaling 0.46 acres near Kentucky Lake.
      000 Mussel Ln, New Concord, KY 42076
      View Details
    • $7,000

      Kentucky Lake Residential Lots

      Residential lots near Kentucky Lake and Cypress Resort & Marina.
      000 Meacham Dr, New Concord, KY 42076
      View Details
    • $185,000

      New Concord Land Near Kentucky Lake

      29.17 acres near Kentucky Lake with building and hunting potential.
      00 Ridge Road, New Concord, KY 42076
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile property with barn, building site, and utilities.
    Where is this agricultural land / farmland located?
    The property is located at 13217 State Route 121 S New Concord, KY.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 27± acre property offers versatile use for farming, recreation, or building.; 30x60 POLE BARN with concrete floor, electricity, and two 14‑ft doors provides ample space.; Ready building site with existing well and electric service simplifies future construction.
    (270) 293-2291
    We can help!
    Listing Contact
    Cheryl Roberts
    Real Estate License ID: 247755
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!