Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    37 Acres in Magnolia, KY Title is generated by Realmo AI

    1919 Powder Mill Road, Magnolia, KY 42757

    View on Map
    Claim this Listing
    For Sale
    $289,000

    Acreage - Magnolia, KY

    Lot size:
    37.00 Acres
    Added:
    Feb 22, 2026
    Days on Market:
    87
    Last Refresh:
    May 20 at 8:06 am

    Property Features for 1919 Powder Mill Road

    General Information

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

    Utilities

    Water front features
    Pond(s)

    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 Feb 22, 2026

    MLS# HK2600662 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

    • 37 acres suitable for pasture, crops, and home building
    • Two barns with electric and water
    • Two ponds
    • Over 1900' of road frontage allowing for subdivision
    • Cabin for weekend getaways
    • Conveniently located 30 miles from Elizabethtown and Glasgow

    Overview

    This 37-acre property in Magnolia, KY, is suited for pasture, crops, and home building sites. It includes two ponds, two barns equipped with electric and water, and a cabin. The property has over 1900 feet of road frontage, offering the potential for subdivision into smaller tracts. Located approximately 30 miles from both Elizabethtown and Glasgow, it provides a rural setting with convenient access to city amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Larue
    State
    Kentucky
    Longitude
    -85.713068
    Latitude
    37.355666

    Nearby Similar for Sale

    • $432,000

      Secluded Land with Recreational Potential

      72+/- acre tract near Magnolia, KY with diverse terrain.
      2417 Friendship Church Road, Magnolia, KY 42757
      View Details
    • $525,000

      80 Acres Recreational Land, Magnolia KY

      80+/- acre tract with recreational and building opportunities in Hart County.
      1800 Friendship Church Road, Magnolia, KY 42757
      View Details
    • $380,000

      71.91 Acres of Recreational Land

      Private, wooded acreage with trails, hunting blinds, and creek.
      0 Die Shiboley Church Road, Magnolia, KY 42757
      View Details
    • $355,000

      52 Acres in Green County

      Land with agricultural, residential, and recreational potential in Magnolia, Kentucky.
      3720 Highway 566, Magnolia, KY 42757
      View Details
    • $280,000

      Magnolia, KY Land for Sale

      79 acres of rolling hills, creek, and hunting paradise.
      0 Magnolia Gas Storage Road, Magnolia, KY 42757
      View Details
    • $125,000

      Magnolia, KY Acreage For Sale

      26.2 acre tract in Hart County, Kentucky.
      Harmony Trail, Magnolia, KY 42757
      View Details
    • $137,500

      Kentucky Land with Highway Frontage

      19.5 acre tract suitable for agricultural or residential use.
      Highway 566, Magnolia, KY 42757
      View Details
    • $670,000

      120 Acres in Hart County

      Versatile 120-acre tract suitable for agriculture, recreation, or residence.
      277 Wheeler Road, Magnolia, KY 42757
      View Details
    • $99,900

      Kentucky Timberland with Creek

      15 acre timberland tract with creek and road frontage.
      3000 Die Shiboley Church Road, Magnolia, KY 42757
      View Details
    • $1,200,060

      Magnolia Kentucky Repurposing Opportunity

      Vacant Family Dollar with corporate guarantee and repurposing potential.
      8725 New Jackson Hwy, Magnolia, KY 42757
      View Details
    • $139,800

      Magnolia, KY Acreage with River

      11.355-acre tract with Green River frontage and access.
      880 Round Bottom Road, Magnolia, KY 42757
      View Details
    • $499,900

      100 Acre Country Retreat Opportunity

      100 acres with pond, building site, and abundant wildlife.
      620 Harmony Trail, Magnolia, KY 42757
      View Details

    FAQs

    What type of property is this?
    Ranch - 37 acres suitable for pasture, crops, and home building.
    Where is this ranch located?
    The property is located at 1919 Powder Mill Road Magnolia, KY.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: 37 acres suitable for pasture, crops, and home building; Two barns with electric and water; Two ponds
    (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
    1919 Powder Mill Road, Magnolia, KY 42757
    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!