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

    6190 State Route 365 Sturgis, KY 42459

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    Claim this Listing
    For Sale
    $1,750,000

    Residential - Sturgis, KY

    Type:Farm
    Lot size:
    2.66 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    213
    Last Refresh:
    Apr 25 at 1:06 pm

    Property Features for 6190 State Route 365

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    13
    Bathrooms
    13
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    Lot size
    2.66 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Williams

    Listing agent Mark Williams License #212009

    Listing office Whitetail Properties Real Estate LLC 121 S. Madison Street, Pittsfield, KY

    Listing date Sep 25, 2025

    MLS# 133945 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS 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

    Premier Event Destination Lodge

    Riverbend Lodge, located in Crittenden County, Kentucky, is a venue offering over 5,000 sq ft of main lodge space, a walk-out basement, and guest suites. It is suitable for hosting weddings, reunions, corporate retreats, and large gatherings. The open-concept lodge includes a primary suite, an expansive balcony with views, a commercial kitchen, a walk-in cooler, and a shop for event staging. The property spans 2.66 acres. Its location across from the Big Rivers WMA attracts outdoor enthusiasts, enhancing its appeal for short-term rental opportunities. The lodge's infrastructure is designed for entertaining or generating income as a premier event destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Sturgis
    County
    Union
    State
    Kentucky
    Longitude
    -88.01409
    Latitude
    37.483342

    Nearby Similar for Sale

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      Sturgis, KY Commercial Property

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    • $7,516,155

      Premier Recreational and Investment Property

      Unparalleled recreational property with lucrative investment potential in Sturgis, Kentucky.
      6190 State Route 365, Sturgis, KY 42459
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    • Contact for pricing
      9,180 SF

      Former Family Dollar Storefront

      9,180 SF building on 24,750 SF parcel.
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      Retail Building in Sturgis, KY

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    FAQs

    What type of property is this?
    Wedding venue - Venue for weddings, retreats, and gatherings with income potential.
    Where is this wedding venue located?
    The property is located at 6190 State Route 365 Sturgis, KY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Premier venue with over 5,000 sq ft of main lodge space, ideal for weddings, reunions, corporate retreats, and large gatherings.; Expansive balcony with breathtaking views and panoramic scenery.; Commercial kitchen and walk‑in cooler, perfect for event catering.
    (270) 439-8021
    We can help!
    Listing Contact
    Mark Williams
    Real Estate License ID: 212009
    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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