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    Kentucky Aviation Estate with Hangar Title is generated by Realmo AI

    379 Clark School Road, Clarkson, KY 42726

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    Claim this Listing
    For Sale
    $1,100,000

    Residential Farm, Ranch - Clarkson, KY

    Type:Farm
    Property size:
    2,964 SF
    Lot size:
    35.73 Acres
    Price / SF:
    $371/SF
    Added:
    Feb 10, 2026
    Days on Market:
    99
    Last Refresh:
    May 20 at 11:06 am

    Property Features for 379 Clark School Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Workshop
    Parking features
    Garage, Garage - Attached, Heated
    Patio and Porch features
    Patio, Porch
    Interior features
    Attic Fan, Catherdral Ceiling(s), Ceiling Fan(s), Chandeliers, Closet Light(s), Foam Insulation, Walk-in Closet(s)
    Exterior features
    Covered Front Porch, Workshop, Concrete Walks, Covered Patio, Exterior Lights, Gazebo, Other-see Remarks, Outdoor Lighting, Patio, Pond(s), Barb Wire Fence, Partial, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer
    Standard status
    Active
    Size
    2,964 SF
    Lot size
    35.73 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Radiant
    Cooling system
    Central Air, Ductless, Gas (Cooling)
    Water front features
    Creek, Pond(s)

    Building Details

    Year built
    1998
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Gazebo, See Remarks, Workshop

    We can help!

    Listing Contact
    Amy Cottrell
    Amy Cottrell

    Listing agent Amy Cottrell

    Listing office eXp Realty, LLC 519 A North Miles Street, Prospect, KY

    Listing date Feb 10, 2026

    MLS# HK2600493 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

    • Kentucky‑licensed private airport with a 2,400’ x 100’ runway
    • 66’ x 105’ airplane hangar with heated bonus area and F5 tornado shelter
    • 34‑acre estate with a nearly 3,000 sq ft residence offering stunning views
    • Heated 60’ x 70’ workshop/garage with front and rear overhead doors, half‑bath and space for up to 20 vehicles
    • Wedding and event venue with shelter, lighting, walking path, and bridge over a stocked pond
    • Spacious residence with radiant heated wood floors, two wood‑burning fireplaces, and a primary suite with walk‑in closet

    Overview

    This 34-acre aviation estate in Clarkson, KY, presents a unique opportunity for luxury living and income potential. The property includes a Kentucky-licensed private airport with a 2,400' x 100' runway. The residence, nearly 3,000 sq ft, features spacious rooms and views. The 28' x 36' living room has cathedral ceilings, exposed beams, and a creek-rock, wood-burning fireplace. Radiant heated wood floors extend through the living and dining areas. The dining room overlooks one of the stocked ponds. The kitchen is equipped with granite countertops, a cooktop, double ovens, and a pantry. A family room off the kitchen includes an additional wood-burning fireplace. Bedrooms are generously sized, including a primary suite with a 10.5' x 13.5' walk-in closet. The bathroom offers a walk-in shower, and the laundry room is located near the kitchen. A covered front porch and covered patio provide outdoor spaces. Attached to the home is a 66' x 105' airplane hangar capable of housing up to five small aircraft. The hangar includes a heated 36' x 36' bonus area and a reinforced tornado shelter rated to withstand an F5 tornado with capacity for 15 people. A separate heated 60' x 70' workshop/garage offers front and rear overhead doors, a half-bath and space for up to 20 vehicles. The land is mostly flat and open with scattered trees. Two stocked ponds enhance the setting, one of which anchors a wedding and event venue featuring a large shelter with concrete flooring, LED and flood lighting, a walking path with pergola-style covering, and a bridge spanning a second pond. The property offers potential as a private aviation estate, event venue, retreat, or investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Law Firm Building Supply Hotel & Motel Gym & Fitness Center Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarkson
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.200942
    Latitude
    37.50726

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    FAQs

    What type of property is this?
    Aviation real estate - 34-acre aviation estate with runway, hangar, and event venue.
    Where is this aviation real estate located?
    The property is located at 379 Clark School Road Clarkson, KY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Kentucky‑licensed private airport with a 2,400’ x 100’ runway; **66’ x 105’ airplane hangar with heated bonus area and F5 tornado shelter**; 34‑acre estate with a nearly 3,000 sq ft residence offering stunning views
    (502) 639-3157
    We can help!
    Listing Contact
    Amy Cottrell
    Amy Cottrell
    Real Estate License ID: 209324
    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.

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