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

    1892 Hiley Spencer Rd Scottsville, KY 42164

    Sponsored
    For Sale
    $923,000

    Residential Farm, Ranch - Scottsville, KY

    Type:Farm
    Property size:
    3,301 SF
    Lot size:
    7.83 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 24 at 12:06 pm

    Property Features for 1892 Hiley Spencer Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Spa
    1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Great Room, Office
    Bedrooms
    5
    Bathrooms
    5
    APN
    17-32B
    Parking features
    Garage, Garage - Attached, Heated
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Bookshelves, Ceiling Fan(s), Closet Light(s), Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Front Porch, Out Building, Swimming Pool-in Ground, Concrete Walks, Covered Deck, Deck, Garden Area, Heated Pool, Hot Tub, Landscaping, Patio, Storage Building, Trees, Privacy, Partial, Fence
    Fencing
    Fenced, Privacy
    Fireplace
    1
    Size
    3,301 SF
    Lot size
    7.83 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Flooring type
    Hardwood, Tile
    Building materials
    Brick, Brick Veneer
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tony Huynh

    Keller Williams First Choice Realty (270) 782-1811

    Listing agent Tony Huynh (270) 782-1811 License #218508

    Listing date Feb 20, 2026

    MLS# RA20260929 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

    Renovated Scottsville Farm with Pool

    This completely renovated single-level home in Scottsville, KY, features 5 bedrooms and 5 bathrooms, plus a den. Each bedroom includes an en suite, with two primary suites offering fireplaces and decks overlooking the backyard. The open great room has a vaulted ceiling, a modern fireplace with a built-in TV, and a spacious kitchen featuring quartzite natural stone countertops and a walk-in pantry. Situated on 7.83 acres of open and wooded land, the property includes a heated in-ground pool, a covered deck with a hot tub, an arbor with grapevines, a fire pit, and raised garden beds. Additional features include a 4-car garage, detached storage, a chicken coop, and solar panels. The property is located approximately 9 miles from Scottsville, 12 miles from Bowling Green, and 17 miles from Barren River Lake. The property size is 3301 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.2922398
    Latitude
    36.8251687

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    FAQs

    What type of property is this?
    Farm - Spacious 5-bedroom home on 7.83 acres with premium outdoor features.
    Where is this farm located?
    The property is located at 1892 Hiley Spencer Rd Scottsville, KY.
    What is the asking price?
    The asking price for this property is $923,000.
    What are key features of this property?
    This property features: - Completely renovated 5 bedroom, 5 bathroom home with en suites for each bedroom, including two primary suites with fireplaces and decks.; - Large 7.83 acre property features a **heated in-ground pool** and **covered deck with hot tub**.; - Spacious kitchen with **quartzite countertops** and walk-in pantry, open to a great room with vaulted ceiling and modern fireplace with built-in TV.
    (270) 392-3096
    Request Owner's contact information
    1892 Hiley Spencer Rd Scottsville, KY 42164
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    Scottsville, KY 42164
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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
    1892 Hiley Spencer Rd Scottsville, KY 42164
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    We can help!
    Listing Contact
    Tony Huynh
    Real Estate License ID: 218508
    (270) 392-3096 (270) 782-1811 (270) 535-1890
    Learn more
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