Add Listing
    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

    3975 E Highway 60 Harned, KY 40144

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $300,000

    Auction - Harned, KY

    Lot size:
    64.33 Acres
    Added:
    Mar 30, 2025
    Days on Market:
    392
    Last Refresh:
    Apr 25 at 7:06 am

    Property Features for 3975 E Highway 60

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    Lot size
    64.33 Acres

    Utilities

    Water front features
    Pond(s)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dwight Butler

    Listing agent Dwight Butler

    Listing office AMERICANA REAL ESTATE AND AUCTIONS 68 South Highway 259, Harned, KY

    Listing date Mar 30, 2025

    MLS# HK25001393 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

    64.33 Acres Cropland Auction

    An auction is scheduled for Thursday, May 8th at 6:00 pm CDT, presenting an opportunity to acquire cropland, building sites, and hunting land. The auction will be held off-site at the Breckinridge County Fairgrounds. The property consists of 64.33 total acres, divided into 9 tracts. Farm 1 comprises 35.5 acres in 7 tracts. Tract 1 includes 10.57 acres, mostly open crop ground with access to Hwy 60 and a small pond. Tract 2 features 3.77 acres of open crop ground with access to Hwy 60. Tract 3 offers 2.46 acres of open ground with 296 feet of road frontage on Hwy 60. Tract 4 includes 10.82 acres of mostly open crop ground and a small amount of wooded area, with approximately 95 feet of frontage on Hwy 60 and a small creek. Tracts 5, 6, and 7 contain 2.24 acres, 2.53 acres, and 3.11 acres of open ground, respectively, each with road frontage on Hwy 60. Farm 2 consists of 20.86 acres on Kingswood Orchard Rd., Harned, KY. Tract 8 encompasses 20.86 acres, all wooded with approximately 1 acre open, featuring young timber and fencing along the road. Farm 3, located on Wade Butler Road, Westview, KY, includes Tract 9 with 7.97 acres of partially wooded ground, approximately 2 acres of open ground, a potential building site, and a view.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harned
    County
    Breckinridge
    State
    Kentucky
    Longitude
    -86.39185
    Latitude
    37.758722

    Nearby Similar for Sale

    • $269,900

      Versatile Commercial Building on Two Acres

      3600 sq ft commercial building with endless possibilities on 2 acres.
      3565 S. Hwy 259, Harned, KY 40144
      View Details
    • $87,500

      Harned, Kentucky Acreage with Building

      6.79 acres with 2,000 sq ft metal building.
      5342 Highway 1401, Harned, KY 40144
      View Details
    • $100,000

      Land on East Highway 60

      10.82 acres of land with utilities and road access.
      Lot 1 & 4 East Highway 60, Harned, KY 40144
      View Details
    • $500,000

      9.8 Acres on U.S. Hwy

      9.8-acre agricultural property with highway frontage in Harned, Kentucky.
      6 E Highway 60, Harned, KY 40144
      View Details

    FAQs

    What type of property is this?
    Farm - 64.33 acres in 9 tracts, ideal for cropland and hunting.
    Where is this farm located?
    The property is located at 3975 E Highway 60 Harned, KY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 64.33 total acres available across 3 farms, offering diverse opportunities.; Multiple tracts of open crop ground suitable for farming.; Tracts with frontage on Hwy 60 offer easy access and potential.
    (270) 668-2432
    We can help!
    Listing Contact
    Dwight Butler
    Real Estate License ID: 184251
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!