Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    197 Jack Smith Rd Glasgow, KY 42141

    View on Map
    Sponsored
    For Sale
    $72,500

    Residential - Glasgow, KY

    Type:Single Family Residence
    Lot size:
    3.77 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 14 at 12:06 am

    Property Features for 197 Jack Smith Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    3.77 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lorie Hernandez
    Lorie Hernandez

    Crye-Leike Executive Realty, Inc. (270) 782-7327

    Listing agent Lorie Hernandez (270) 781-3377 License #241789

    Listing date Mar 10, 2026

    MLS# SC47430 Listing URL

    Copyright © 2026 South Central 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.

    Learn more

    Property Insight Report

    Overview

    3.77 Acres in Barren County

    This 3.77-acre building lot is located on Jack Smith Rd in Barren County, Kentucky. It offers an opportunity to build a custom home in a peaceful country setting. The property features countryside views and open space, providing room for a home, garden, outdoor recreation, or a hobby farm. This lot offers a place to create a home and lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.8466832
    Latitude
    37.065597

    Nearby Similar for Sale

    • $389,120
      4,854 SF

      Automotive Shop on Reynolds Road

      4,854 sq ft commercial property, currently a diesel automotive shop.
      321 Reynolds Rd, Glasgow, KY 42141
      View Details
    • $1,100,000
      8,580 SF

      Glasgow Commercial Property with Warehouses

      Commercial property in Glasgow, KY, featuring showroom and warehouse space.
      220 Kentucky St, Glasgow, KY 42141
      View Details
    • $600,000
      0.28 Acres

      Premium Commercial Building with Living

      Commercial building with office, living space, gym, and parking.
      109 E Main St, Glasgow, KY 42141
      View Details
    • $625,000
      2,200 SF

      Remodeled Farmhouse on 14.75 Acres

      Updated 5-bedroom home with barn and fenced pastureland.
      360 Lick Branch Rd, Glasgow, KY 42141
      View Details
    • $225,000
      2,400 SF

      Glasgow Retail Building For Sale

      Retail building in Glasgow's Central Business District.
      103 E College St, Glasgow, KY 42141
      View Details
    • $649,000
      1.40 Acres

      Retail Property in High-Traffic Area

      Retail property with long-term tenant and investment potential.
      310 Columbia Ave, Glasgow, KY 42141
      View Details
    • $699,900
      3,480 SF

      Lakefront Residential Farm with Rental History

      4.39 acre lakefront property with high-producing short-term rental history.
      80 Tobe Run Rd, Glasgow, KY 42156
      View Details
    • $599,000
      3,313 SF

      Residential Farm with Custom Built Home

      Custom home on 9.63 acres with multiple outbuildings.
      62 Oscar Gilpin Rd, Glasgow, KY 42141
      View Details
    • $500,000
      1,672 SF

      Glasgow Farm with Residential Home

      27-acre farm featuring a well-maintained 1,672 sq ft residence.
      297 County Barn Rd, Glasgow, KY 42141
      View Details
    • $1,650,000
      1.88 Acres

      Prime Commercial Property in Glasgow, KY

      Commercial property in a high-traffic area with versatile space.
      754 W Cherry St, Glasgow, KY 42141
      View Details
    • $229,000
      20.00 Acres

      Barren County Farm with Barn

      19.7 acre farm near Glasgow with barn and ponds.
      850 Potato Cave Rd, Glasgow, KY 42141
      View Details
    • $250,000
      0.17 Acres

      Glasgow Commercial Building For Sale

      Two-story commercial building in Glasgow's Central Business District.
      205 N Race St, Glasgow, KY 42141
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with countryside views in a peaceful setting.
    Where is this residential land & home lot located?
    The property is located at 197 Jack Smith Rd Glasgow, KY.
    What is the asking price?
    The asking price for this property is $72,500.
    What are key features of this property?
    This property features: - Large 3.77-acre building lot.; - Located in Barren County, Kentucky.; - Ideal for building a custom home.
    (270) 404-6624
    Request Owner's contact information
    197 Jack Smith Rd Glasgow, KY 42141
    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.
    197 Jack Smith Rd
    Glasgow, KY 42141
    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
    197 Jack Smith Rd Glasgow, KY 42141
    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

    We can help!
    Listing Contact
    Lorie Hernandez
    Lorie Hernandez
    Real Estate License ID: 241789
    (270) 404-6624 (270) 781-3377
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!