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    154 Eric Young Rd Morgantown, KY 42261

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    Sponsored
    For Sale
    $649,900

    Residential Farm, 1-1/2 Story - Morgantown, KY

    Type:Farm
    Property size:
    2,800 SF
    Lot size:
    13.50 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 20 at 7:06 pm

    Property Features for 154 Eric Young Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Office, Workshop
    Bedrooms
    4
    Bathrooms
    4
    APN
    048-00-00-011.03
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Patio, Deck
    Interior features
    Catherdral Ceiling(s), Ceiling Fan(s), Closet Light(s), Split Bedroom Floor Plan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Swimming Pool-abv Ground, Workshop, Court Yard, Covered Patio, Deck, Exterior Lights, Garden Area, Landscaping, Trees
    Fireplace
    1
    Size
    2,800 SF
    Lot size
    13.50 Acres

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating), See Remarks (Heating)
    Cooling system
    Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    2010
    Flooring type
    Carpet, Hardwood, Tile, Vinyl
    Building materials
    Brick
    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Jamie Rogers

    Full Potential Properties, LLC

    Listing agent Jamie Rogers License #217319

    Listing date Mar 20, 2026

    MLS# RA20261494 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

    Residential Farm with Custom Brick Home

    This property features a custom-built, 4-bedroom, 3.5-bath brick home with a 2-car attached garage and a circular blacktop drive, situated on 13.5 acres. The home includes a large, open living room with a fireplace and hardwood floors, a kitchen with stainless steel appliances, granite countertops, a pantry, and a breakfast area, along with a formal dining room. A home office is located on the main floor, as well as a master suite with his and her sinks, vanities, walk-in closets, a jacuzzi tub, and a walk-in tile shower. The covered back patio includes a 30-foot above-ground pool with a level surround deck, featuring a new liner and permasalt system. The home has a newer roof with a 50-year warranty, a ducted external wood heat system, and a central split HVAC unit. A 30x50 3-bay garage/shop is equipped with electric, heat, air, and water. The property includes an income-producing crop field and a garden spot. An additional lot at the front of the property with highway frontage has all utilities in place, including septic, suitable for building another home. Additional acreage is available. The property is located in Morgantown, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Morgantown
    County
    Butler
    State
    Kentucky
    Longitude
    -86.7220278
    Latitude
    37.1281296

    Nearby Similar for Sale

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      1,620 SF

      Morgantown Farm with Barndominium

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      View Details
    • New
      $169,900
      1,100 SF

      Residential Farm in Morgantown, KY

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      125 Cherokee Dr, Morgantown, KY 42261
      View Details

    FAQs

    What type of property is this?
    Farm - Custom 4-bedroom home on 13.5 acres with income potential.
    Where is this farm located?
    The property is located at 154 Eric Young Rd Morgantown, KY.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - 13.5 pristine acres with income-producing crop field and garden spot.; - 30x50 3-bay garage/shop with electric, heat, air, and water.; - Additional lot with highway frontage and all utilities (including septic) in place, suitable for building another home.
    (270) 791-4142
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    154 Eric Young Rd Morgantown, KY 42261
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    Morgantown, KY 42261
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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
    154 Eric Young Rd Morgantown, KY 42261
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    We can help!
    Listing Contact
    Jamie Rogers
    Real Estate License ID: 217319
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