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    Waterfront Farm with Horse Amenities Title is generated by Realmo AI

    16780 Cub Run Highway, Cub Run, KY 42729

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    Claim this Listing
    For Sale
    $849,900

    Residential Farm, A-Frame,Cape Cod - Cub Run, KY

    Type:Farm
    Property size:
    3,800 SF
    Lot size:
    8.59 Acres
    Price / SF:
    $223/SF
    Added:
    Sep 29, 2025
    Days on Market:
    244
    Last Refresh:
    May 30 at 1:06 pm

    Property Features for 16780 Cub Run Highway

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room
    Parking features
    Garage, Garage - Detached
    Patio and Porch features
    Porch, Deck
    Interior features
    Attic Access Only, Closet Light(s), Foam Insulation, Walk-in Closet(s)
    Exterior features
    Covered Front Porch, Covered Deck, Garden Area, Landscaping, Mature Trees, Line Fence, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer, Water - Filter, Water - Softener
    Standard status
    Active
    Size
    3,800 SF
    Lot size
    8.59 Acres

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Flooring type
    Vinyl
    Roof type
    Metal
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Kerri Otis

    Listing agent Kerri Otis

    Listing office LPT Realty 424 Lewis Hargett Circle, Lexington, KY

    Listing date Sep 29, 2025

    MLS# HK25004190 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

    • Waterfront property on Nolin Lake with PRIVATE BOAT ACCESS
    • 8.5 acres suitable for horses and hobby farming
    • 3‑bedroom, 3‑bath home with a full walkout basement
    • 36x46 INSULATED SHOP with full bath and attached 2‑box stall barn
    • 24x60 equipment barn with 4 overhead doors
    • Built in 2020 with Cape Cod architectural style

    Overview

    This 8.5-acre property on Nolin Lake combines waterfront living with horse farm amenities. The property includes a 3-bedroom, 3-bath home featuring a full walkout basement with direct access to the water and boat access. It is equipped for hobby farmers or horse enthusiasts. The property features a 36x46 insulated shop with a full bath and an attached 2-box stall barn with a feed room. Additionally, there is a 24x60 equipment barn with 4 overhead doors suitable for tractors, trailers, and storage. Pasture land is available for horses. Located in Cub Run, KY, this property offers a blend of country living and lakefront recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Grocery & Convenience Store Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Cub Run
    County
    Hart
    State
    Kentucky
    Longitude
    -86.122736
    Latitude
    37.330858

    Nearby Similar for Sale

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      Cub Run Residential Farmhouse

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      0.54 acres near Nolin Lake with boat ramp access.
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    • $59,900

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    • $125,000

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    FAQs

    What type of property is this?
    Horse & equestrian property - 8.5-acre waterfront farm equipped for horses and country living.
    Where is this horse & equestrian property located?
    The property is located at 16780 Cub Run Highway Cub Run, KY.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Waterfront property on Nolin Lake with PRIVATE BOAT ACCESS; 8.5 acres suitable for horses and hobby farming; 3‑bedroom, 3‑bath home with a full walkout basement
    (502) 963-2886
    We can help!
    Listing Contact
    Kerri Otis
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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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