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    650 Midway Road Guston, KY 40142

    View on Map
    For Sale
    $599,900

    Residential Farm, 1-1/2 Story - Guston, KY

    Type:Farm
    Property size:
    1,240 SF
    Lot size:
    2.08 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    276
    Last Refresh:
    Apr 9 at 6:06 am

    Property Features for 650 Midway Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage, Garage - Detached, Heated
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Ceiling Fan(s), Chandeliers
    Exterior features
    Balcony, Barn, Covered Front Porch, Workshop, Court Yard, Deck, Exterior Lights, Garden Area, Landscaping, Patio, Porch, Partial, Fence
    Fencing
    Fenced
    Appliances
    None
    Standard status
    Active
    Size
    1,240 SF
    Lot size
    2.08 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1947
    Flooring type
    Carpet, Concrete, Laminate, Tile
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Barn(s), Workshop

    We can help!

    Listing Contact
    Tamela Cole

    Listing agent Tamela Cole

    Listing office Genesis Realty, LLC 6414 Manslick Rd, Louisville, KY

    Listing date Jul 8, 2025

    MLS# HK25002797 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

    Event Space with Residential Comfort

    Located in Guston, Kentucky, this property on 2.08 acres presents a unique opportunity. Formerly Bruner's Winery, the site includes a building suited for various events, such as wedding receptions, graduation parties, and family reunions. The structure features a simple yet adaptable design with wood accents, a stage, and ample parking. The property's location between rolling farmland and highways provides a rural Kentucky charm. The building size is 1240 square feet. The property offers potential for increased visibility through modern marketing strategies, such as a website with transparent pricing, professional photos, and updated online listings. The property is located close to Fort Knox and surrounding communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bruners Farm and Winery Wedding Service

    Suggested Use

    Auto Repair Shop Bar & Pub Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Guston
    County
    Meade
    State
    Kentucky
    Longitude
    -86.221468
    Latitude
    37.936087

    Nearby Similar for Sale

    • $329,000
      1,730 SF

      New Ranch Home on Acreage

      New 3 bed, 2 bath ranch on 1.05 acres.
      263 Springdale Road, Guston, KY 40108
      View Details
    • $199,900

      25 Acres in Quiet Setting

      24.81 acres in a quiet, wooded, country setting.
      Hill Grove Road, Guston, KY 40142
      View Details

    FAQs

    What type of property is this?
    Vineyard - Unique property with residential comfort and event-ready charm.
    Where is this vineyard located?
    The property is located at 650 Midway Road Guston, KY.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Unique event space with established local reputation and potential for increased revenue through targeted marketing.; Spacious 2.39‑acre lot with charming barn and adaptable building suitable for various events.; Flexible layouts ideal for weddings, reunions, and community events.
    (270) 832-2547
    We can help!
    Listing Contact
    Tamela Cole
    Real Estate License ID: 271472
    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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