Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    395 Carroll Gentry Road Madisonville, KY 42431

    View on Map
    Claim this Listing
    For Sale
    $529,900

    Residential Farm, 2 Story,Contemporary - Madisonville, KY

    Type:Farm
    Property size:
    3,025 SF
    Lot size:
    16.70 Acres
    Price / SF:
    $175/SF
    Added:
    Nov 2, 2025
    Days on Market:
    185
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for 395 Carroll Gentry Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room
    Patio and Porch features
    Deck
    Interior features
    Attic Storage, Ceiling Fan(s), Closet Light(s)
    Exterior features
    Barn, Brick Walks, Deck, Exterior Lights, Outdoor Lighting, Pond(s), Stables, Storage Shed, Trees, Partial, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer
    Standard status
    Active
    APN
    58715
    Size
    3,025 SF
    Lot size
    16.70 Acres

    Utilities

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

    Building Details

    Year built
    1991
    Flooring type
    Laminate
    Roof type
    Shingle
    Architectural style
    Contemporary
    Additional Structures
    Barn(s), Packing Shed, Shed(s), Stable(s), Storage

    We can help!

    Listing Contact
    Bill Austin

    Listing agent Bill Austin License #187013

    Listing office EXIT Prime Realty 610-B Hwy. 76, White House, KY

    Listing date Nov 2, 2025

    MLS# RA20256344 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Farmhouse on Rolling Acres

    This remodeled country retreat is situated on 16.7 rolling acres. The spacious 3-bedroom, 3-bath home offers comfort, versatility, and income potential. One of the suites features a private entrance, suitable for a mother-in-law suite, guest quarters, or rental opportunity. The home includes two bonus rooms, a formal dining room, and an open concept kitchen and living area. Updates include a new roof and new HVAC, plus ample storage. The property features a pond and a one-stall barn complete with a designated kitchenette and bathroom area, suitable for hobby farming or hosting events. The property size is 3025 square feet. The home is a 2 story contemporary style residential farm. The property is located in Madisonville, KY, in Hopkins County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.4604489
    Latitude
    37.369053

    Nearby Similar for Sale

    • $1,000,000
      5,500 SF

      Madisonville Commercial Buildings Investment Opportunity

      Four commercial buildings with established leases in high-traffic location.
      538 E Center St., Madisonville, KY 42431
      View Details
    • $495,000
      6,516 SF

      Diesel Mechanic Shop Opportunity

      Ready-to-restart diesel mechanic shop in high-traffic Madisonville location.
      115 Tucker Schoolhouse Rd., Madisonville, KY 42431
      View Details
    • $475,000
      6,268 SF

      Downtown Madisonville Versatile Commercial Building

      Versatile 6,265 SF commercial building in downtown Madisonville, KY.
      18 Sugg St., Madisonville, KY 42431
      View Details
    • $425,000
      10,470 SF

      Madisonville Commercial Property For Sale

      High-traffic commercial property with rental income potential in Madisonville, KY.
      424 E Broadway, Madisonville, KY 42431
      View Details
    • $499,900
      3,193 SF

      Madisonville Duplex in Ridgewood Heights

      High-end duplex built in 2014 with modern finishes.
      108 /110 Pin Oak Ln, Madisonville, KY 42431
      View Details
    • $1,700,000
      12,114 SF

      Madisonville Retail Investment Opportunity

      Income-generating retail package with development potential in Madisonville, KY.
      778 E Center, Madisonville, KY 42431
      View Details
    • $239,500
      2,163 SF

      Madisonville Commercial Property on Main

      High-traffic commercial property with office and retail potential.
      257 N Main Street, Madisonville, KY 42431
      View Details
    • $600,000
      10,192 SF

      Versatile Commercial Property on 3 Acres

      Commercial property with shop, storage, and cabin on 3 acres.
      2710 N Main St, Madisonville, KY 42431
      View Details
    • $189,000
      2,550 SF

      Madisonville Commercial Property with Shop

      Commercial property featuring shop area, maintenance bays, and office space.
      436 E Center Street, Madisonville, KY 42431
      View Details
    • $579,000
      21,800 SF

      Versatile Madisonville Property: Development Potential

      Two-acre property suitable for residential, office, or apartments.
      123 Waddill, Madisonville, KY 42431
      View Details
    • $189,900
      1,700 SF

      High-Visibility Commercial Building Opportunity

      Prime commercial building in high-traffic location, ideal for business.
      810 S Main St., Madisonville, KY 42431
      View Details
    • $1,200
      1,440 SF

      Drive-Thru Ready Commercial Building

      960 sq ft brick building with drive-thru lanes for lease.
      35 Sugg, Madisonville, KY 42431
      View Details

    FAQs

    What type of property is this?
    Farm - Spacious 3-bedroom home on 16.7 acres with income potential.
    Where is this farm located?
    The property is located at 395 Carroll Gentry Road Madisonville, KY.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: 16.7 Acres of rolling land with pond and barn; Remodeled 3‑bedroom, 3‑bath home with new roof and HVAC; Suite with private entrance suitable for rental income or guest quarters
    (270) 339-0031
    We can help!
    Listing Contact
    Bill Austin
    Real Estate License ID: 187013
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    395 Carroll Gentry Road, Madisonville, KY 42431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!