Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Munfordville Commercial Land For Sale Title is generated by Realmo AI

    1589 Main Street, Munfordville, KY 42765

    View on Map
    Claim this Listing
    For Sale
    $198,000

    Acreage - Munfordville, KY

    Lot size:
    1.58 Acres
    Added:
    Mar 29, 2025
    Days on Market:
    410
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 1589 Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    1.58 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Srygler

    Listing agent Josh Srygler

    Listing office Mayes Thompson Realty & Auction 10910 Cub Run Hwy, Cub Run, KY

    Listing date Mar 29, 2025

    MLS# HK25001219 Listing URL

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

    HighLights

    • 1.5 acres of land available.
    • Over 300 feet of 31‑W road frontage.
    • Suitable for small business.
    • Suitable for utility company office.
    • Suitable for retail.
    • Fenced property.

    Overview

    This property features 1.58 acres of land with over 300 feet of frontage on 31-W. The location is suitable for a small business, utility company office, or retail establishment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Hair Salon Big Box & Wholesale Store Auto Repair Shop Accounting Firm Department Store Hotel & Motel Electronics & Wireless Store Food Market (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Munfordville
    County
    Hart
    State
    Kentucky
    Longitude
    -85.909532
    Latitude
    37.2992

    Nearby Similar for Sale

    • $849,000
      3,722 SF

      Residential Farm with Shop and Barn

      Well-maintained Munfordville farm with spacious home and outbuildings.
      774 John Logsdon Road, Munfordville, KY 42765
      View Details
    • $999,900
      3,808 SF

      Luxury Home on Fenced Acreage

      Custom-built home on 31.42 acres near Nolin Lake.
      453 Cheslon Road, Munfordville, KY 42765
      View Details
    • $320,000

      62 Acres in Munfordville, KY

      62+/- acre tract with road frontage in Hart County.
      4305 Track 2 Raider Hollow Road, Munfordville, KY 42765
      View Details
    • $369,000

      73 Acres in Munfordville, KY

      73 acres with road access, utilities, timber, and building site.
      4305 Raider Hollow Road, Munfordville, KY 42765
      View Details
    • $999,000
      3,556 SF

      Spacious Farmhouse with Equestrian Amenities

      Seven-bedroom home with shop, barn, and acreage for livestock.
      7567 Cub Run Highway, Munfordville, KY 42765
      View Details
    • $549,995
      1,920 SF

      Secluded Cabin on Wooded Acreage

      Private Munfordville cabin on 71 acres with waterfalls.
      1350 Horton Lane, Munfordville, KY 42765
      View Details
    • $84,500

      Manageable Acreage in Rural Setting

      12.5 acre tract with road frontage in Hart County.
      4305 Track 3 Raider Hollow Road, Munfordville, KY 42765
      View Details
    • $55,000

      5 Acres in Hart County

      5 acres of land near Munfordville, Kentucky.
      4325 Boiling Springs Road, Munfordville, KY 42765-0000
      View Details
    • $675,000
      762 SF

      Secluded 70-Acre Kentucky Retreat

      Secluded 70-acre Kentucky retreat with cabin and natural cave.
      7942 Priceville Road, Munfordville, KY 42722
      View Details
    • $169,000

      Land Available in Hart County

      27.5 acres of vacant land with utilities in Munfordville.
      Tract 3-4 Priceville Road, Munfordville, KY 42765
      View Details
    • $199,000

      45 Acres Farm in Munfordville

      45-acre farm with open ground and wooded acreage in Kentucky.
      Concord Church Road, Munfordville, KY 42765
      View Details
    • $1,250,000
      1,183 SF

      Residential Farm with Nolin River Frontage

      A-frame home on 152+/- acres with marketable timber.
      455 Ed Howe Road, Munfordville, KY 42765
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.58 acres suitable for small business, retail, or office.
    Where is this commercial land located?
    The property is located at 1589 Main Street Munfordville, KY.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: 1.5 acres of land available.; Over 300 feet of 31‑W road frontage.; Suitable for small business.
    (270) 528-6220
    We can help!
    Listing Contact
    Josh Srygler
    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

    Thank You for Inquiry
    1589 Main Street, Munfordville, KY 42765
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!