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

    684 Cheslon Rd Munfordville, KY 42765

    Sponsored
    For Sale
    Under Contract
    $998,000

    Residential Farm, 2 Story - Munfordville, KY

    Type:Farm
    Property size:
    3,816 SF
    Lot size:
    73.00 Acres
    Days on Market:
    16
    Last Refresh:
    Feb 1 at 10:06 pm

    Property Features for 684 Cheslon Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Family Room, Workshop
    Bedrooms
    5
    Bathrooms
    2
    Parking features
    Garage, Garage - Detached
    Patio and Porch features
    Porch, Deck
    Interior features
    None
    Exterior features
    Barn, Covered Front Porch, Concrete Walks, Covered Deck, Landscaping, Mature Trees, Screened Porch, Stamped Concrete Walks, Sun Room, All/Perimeter, Fence
    Fencing
    Fenced, Perimeter
    Fireplace
    1
    Appliances
    None
    Size
    3,816 SF
    Lot size
    73.00 Acres

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    None (Cooling)
    Water front features
    Pond(s)

    Building Details

    Year built
    2009
    Flooring type
    Laminate
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Mayes Thompson

    MAYES THOMPSON REALTY LLC (270) 524-4679

    Listing agent Mayes Thompson (270) 524-4679

    Listing date Jan 17, 2026

    MLS# HK25002084 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.

    Learn more

    Property Insight Report

    Overview

    Residential Farm with Acreage

    Located at the end of a quiet county road, this property offers views and includes a 3,816 sq ft home with a 2,176 sq ft unfinished walkout basement. The main floor features the primary bedroom and bathroom, while the upstairs contains 4 bedrooms and 1 bath. A finished 18'x20' sunroom is located off the back of the home. Outside, there is a screened-in pavilion with storage. The property also includes a 2,184 sq ft insulated garage with water and a small kitchen area. A 50'x44' barn with 2 stalls, tack room, washroom, and loft is situated in front of the home. The property, totaling 73 acres, is equipped for horses or cattle, with approximately 20 acres of fenced open ground with waterers and 2 stocked ponds. The remaining land is designed for hunting, featuring strategically placed food plots and bedding areas. More acreage is available. The property is located in Munfordville, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Munfordville
    County
    Hart
    State
    Kentucky
    Longitude
    -85.996863
    Latitude
    37.320547

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    FAQs

    What type of property is this?
    Farm - Immaculate home, buildings, and acreage ready for horses or cattle.
    Where is this farm located?
    The property is located at 684 Cheslon Rd Munfordville, KY.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - 3,816 sq ft home featuring 5 bedrooms, including a main floor primary suite, plus a 2,176 sq ft unfinished walkout basement.; - 20 acres of fenced open ground with waterers and 2 stocked ponds, ready for horses or cattle.; - 2,184 sq ft insulated garage with water and a small kitchen area.
    (270) 537-4311
    Request Owner's contact information
    684 Cheslon Rd Munfordville, KY 42765
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    Munfordville, KY 42765
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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
    684 Cheslon Rd Munfordville, KY 42765
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    We can help!
    Listing Contact
    Mayes Thompson
    Real Estate License ID: 260792
    (270) 537-4311
    Learn more
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