Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Farmington Way Columbia, KY 42728

    Sponsored
    For Sale
    $39,800

    LAND - Columbia, KY

    Lot size:
    0.99 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 5 at 6:06 am

    Property Features for 28 Farmington Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1A
    Lot size
    0.99 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Scotty H Carter

    Lake Cumberland Real Estate Professionals (606) 677-0059

    Listing agent Scotty H Carter (606) 677-0059

    Listing date Jan 16, 2026

    MLS# 25505752

    Copyright © 2026 ImagineMLS. 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

    Residential Land in Columbia, KY

    This 0.99-acre lot is located in a desirable neighborhood in Columbia, KY. The open property is outlined with mature trees, offering charm and privacy. Water and electricity are available. It is located minutes from downtown Columbia or Campbellsville, KY. The property offers peaceful surroundings and scenic views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Pharmacy Grocery & Convenience Store Food Market Restaurant Pet Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Adair
    State
    Kentucky
    Longitude
    -85.331009
    Latitude
    37.207073

    Nearby Similar for Sale

    • $449,000
      3,064 SF

      Historic Farm with Acreage in Kentucky

      Charming historic farm on 32.39 acres near downtown Columbia, KY.
      831 Rocky Hill Rd, Columbia, KY 42728
      View Details
    • $895,000
      3,830 SF

      Columbia Residential Farm with Custom Home

      Like-new 5-bedroom home on 3.82 acres near Green River.
      23 J Grant Rd, Columbia, KY 42728
      View Details
    • $425,000
      3,934 SF

      Updated Home on Spacious Lot

      Updated brick home on a spacious corner lot with walk-out basement.
      25 Oxford Pl, Columbia, KY 42728
      View Details
    • $434,900
      1,800 SF

      Columbia, KY Residential Farm

      Well-maintained home on 7.12 acres near Green River Lake.
      42 Hidden Acre Ln, Columbia, KY 42728
      View Details
    • New
      $299,900
      1,775 SF

      Mini Farm with Modern Comforts

      Farm property on 4.36 acres near town with modern home.
      856 Jones Chapel Rd, Columbia, KY 42728
      View Details
    • $374,900
      2,340 SF

      Spacious Residential Farm with Garage

      Five-bedroom home with a three-car garage and private backyard.
      100 Hunt Morgan Trl, Columbia, KY 42728
      View Details
    • $329,000
      2,250 SF

      Move-in Ready Ranch in Columbia, KY

      Well-maintained ranch with updates, finished basement, and fenced backyard.
      204 Pineview Loop, Columbia, KY 42728
      View Details
    • $339,900
      2,200 SF

      Columbia Farmhouse on 18.5 Acres

      Farmhouse on 18.5 acres in Columbia, Kentucky.
      101 Ben Smith Rd, Columbia, KY 42728
      View Details
    • $120,000
      1,214 SF

      Residential Farm Near University

      Two-bedroom home with remodeled bathroom, near university, handicap accessible.
      431 Wain St, Columbia, KY 42728
      View Details
    • $599,000
      1.87 Acres

      Versatile Commercial Property in Columbia

      1.87 acres with historic building and warehouse space.
      210 Merchant St, Columbia, KY 42728
      View Details
    • $319,900
      1,706 SF

      Move-In Ready Home on Double Lot

      Well-maintained home with modern upgrades on a spacious double lot.
      775 Conover Ln, Columbia, KY 42728
      View Details
    • $599,000
      1.87 Acres

      Versatile Commercial Property in Columbia, KY

      Two structures on 1.87 acres with historic and practical features.
      210 Merchant St, Columbia, KY 42728
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.99 acre lot ready for your dream home!
    Where is this residential land & home lot located?
    The property is located at 28 Farmington Way Columbia, KY.
    What is the asking price?
    The asking price for this property is $39,800.
    What are key features of this property?
    This property features: - Desirable location in one of Columbia's most sought-after neighborhoods.; - Large 0.99-acre lot, offering ample space.; - Utilities available: water and electricity.
    (270) 378-0223
    Request Owner's contact information
    28 Farmington Way Columbia, KY 42728
    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.
    28 Farmington Way
    Columbia, KY 42728
    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
    28 Farmington Way Columbia, KY 42728
    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
    Scotty H Carter
    Real Estate License ID: 280774
    (270) 378-0223
    Learn more
    Google sign-in failed. Please try again or use another login method.