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

    360 Lick Branch Rd Glasgow, KY 42141

    Sponsored
    For Sale
    $625,000

    Residential Farm, Ranch - Glasgow, KY

    Type:Farm
    Property size:
    2,200 SF
    Lot size:
    15.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 21 at 6:06 am

    Property Features for 360 Lick Branch Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    Parking features
    Driveway, Paved or Surfaced
    Patio and Porch features
    Porch
    Interior features
    Attic Access Only, Ceiling Fan(s), Chandeliers, Closet Light(s)
    Exterior features
    Barn, Covered Front Porch, Swimming Pool-abv Ground, Concrete Walks, Exterior Lights, Landscaping, Stables, Storage Shed, All/Perimeter, Barb Wire Fence, High Tensil, Fence
    Fencing
    Fenced, Perimeter
    Size
    2,200 SF
    Lot size
    15.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Packing Shed, Shed(s), Stable(s), Storage

    We can help!

    Listing Contact
    Dane Driscoll

    Whitetail Properties Real Estate, LLC (217) 473-5642

    Listing agent Dane Driscoll (217) 473-5642 License #298521

    Listing date Feb 19, 2026

    MLS# SC47764 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

    Remodeled Farmhouse on 14.75 Acres

    This 14.75-acre property features a remodeled one-level brick home and farm improvements suited for livestock, equestrian use, or rural residential living. The home, set back from the road and accessed by a blacktop driveway, offers separation from traffic while maintaining convenient access to nearby amenities. The residence offers approximately 2,200 square feet of living space and was extensively updated in 2024. Improvements include interior finishes and fixtures throughout. A new roof was installed in 2023, and new windows and gutters were added in 2025. The home includes five bedrooms and two updated bathrooms. Two bedrooms could be reconfigured into a larger primary suite or office space depending on buyer preference. Interior features include an open living and dining area with exposed wood beams, a vaulted entryway, granite countertops, pantry storage, and tile showers and flooring in both bathrooms. The layout offers flexibility for a range of household needs. A Blink camera security system is installed and will convey with the property. Outdoor improvements include landscaped yard areas and a 52-inch by 24-foot above-ground pool behind the home. The acreage consists of fenced pastureland with rolling terrain suitable for grazing livestock such as horses, cattle, or sheep. Fencing includes high tensile and barbed wire, along with additional livestock fencing behind the barn. A 40-by-60-foot barn provides four stalls, a 12-foot overhang for equipment or hay storage, and a 12-by-40-foot loft with shelving. The barn was remodeled and painted in 2025 and includes a new roof. An additional shed offers storage for tools and equipment. Established blackberry bushes produce seasonally. The property offers open pasture, rural views, and space for small-scale farming or country living and is located in Glasgow, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Department Store Plumbing Service (Bike/Boat/Book/etc) Store Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.8608868
    Latitude
    36.9664791

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    FAQs

    What type of property is this?
    Farm - Updated 5-bedroom home with barn and fenced pastureland.
    Where is this farm located?
    The property is located at 360 Lick Branch Rd Glasgow, KY.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - 14.75 acre property ideal for livestock, equestrian use, or rural living.; - Remodeled one-level brick home with approximately 2,200 sq ft of living space, updated in 2024.; - Five bedrooms and two updated bathrooms, with potential to reconfigure two bedrooms.
    (270) 765-8345
    Request Owner's contact information
    360 Lick Branch Rd Glasgow, KY 42141
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    Glasgow, KY 42141
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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
    360 Lick Branch Rd Glasgow, KY 42141
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    We can help!
    Listing Contact
    Dane Driscoll
    Real Estate License ID: 298521
    (270) 765-8345 (217) 473-5642
    Learn more
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