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    3181 Cub Run Highway Munfordville, KY 42765

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    Claim this Listing
    For Sale
    Under Contract
    $214,900

    Residential Farm, Ranch - Munfordville, KY

    Type:Farm
    Property size:
    1,612 SF
    Lot size:
    1.25 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    514
    Last Refresh:
    Apr 10 at 6:06 pm

    Property Features for 3181 Cub Run Highway

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Great Room
    Parking features
    Carport, Garage, Garage - Detached
    Patio and Porch features
    Patio
    Interior features
    None
    Exterior features
    Out Building, Workshop, Covered Patio, Mature Trees, Partial, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    None
    Standard status
    Active Under Contract
    Size
    1,612 SF
    Lot size
    1.25 Acres

    Utilities

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

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Todd D Turley
    Todd D Turley

    Listing agent Todd D Turley

    Listing office TURLEY AUCTION & REALTY INC. 7012 Lonoke Rd, Horse Cave, KY

    Listing date Nov 12, 2024

    MLS# HK24004316 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.

    Overview

    Residential Farm with Oversized Lot

    Located just outside of Munfordville, KY, this property features a large brick home situated on a newly surveyed 1.21-acre lot in a private country setting with mature shade. The property includes a 30x50 insulated shop with a concrete floor and complete wiring. The main floor of the home includes 3 bedrooms with hardwood flooring. The spacious kitchen has ample cabinetry and natural light. A den features built-in bookshelves, and there is an oversized great room, approximately 28x28, suitable for gatherings. A large covered patio extends the living space. The home also has a full walkout basement with a working toilet and plumbing for an additional bathroom. The property size is 1612 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Building Supply Auto Repair Shop Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Munfordville
    County
    Hart
    State
    Kentucky
    Longitude
    -85.932448
    Latitude
    37.286963

    Nearby Similar for Sale

    • $849,000
      3,722 SF

      Residential Farm with Shop and Barn

      Well-maintained Munfordville farm with spacious home and outbuildings.
      774 John Logsdon Road, Munfordville, KY 42765
      View Details
    • $999,000
      3,556 SF

      Spacious Farmhouse with Equestrian Amenities

      Seven-bedroom home with shop, barn, and acreage for livestock.
      7567 Cub Run Highway, Munfordville, KY 42765
      View Details
    • $1,025,000
      3,816 SF

      Munfordville Farm with Immaculate Home

      Residential farm featuring a spacious home, outbuildings, and acreage.
      684 Cheslon Road, Munfordville, KY 42765
      View Details

    FAQs

    What type of property is this?
    Farm - Large brick home on 1.21 acres with a 30x50 shop.
    Where is this farm located?
    The property is located at 3181 Cub Run Highway Munfordville, KY.
    What is the asking price?
    The asking price for this property is $214,900.
    What are key features of this property?
    This property features: Large 30x50 INSULATED AND WIRED SHOP with concrete floor.; Oversized 1.21 acre lot in a private, maturely shaded, country setting.; Spacious brick home with a LARGE 28x28 GREAT ROOM perfect for gatherings.
    (270) 735-7745
    We can help!
    Listing Contact
    Todd D Turley
    Todd D Turley
    Real Estate License ID: 208279
    Learn More
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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
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