Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Versailles, KY Title is generated by Realmo AI

    7 Fords Mill Road, Versailles, KY 40383

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 7 Fords Mill Road, Versailles, KY
    For Sale
    $193,500

    LAND - Versailles, KY

    Lot size:
    2.58 Acres
    Added:
    May 14, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 7 Fords Mill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1B
    Standard status
    Active
    APN
    0007
    Lot size
    2.58 Acres

    We can help!

    Listing Contact
    Kenneth E Watts

    Listing agent Kenneth E Watts License #178692

    Listing office WATTS REALTORS & AUCTIONEERS, INC. 209 E Oak Street, Nicholasville, KY

    Listing date May 14, 2026

    MLS# 26010914 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This 2.58-acre residential land is located in Versailles, KY. It offers 177.73 feet of road frontage, providing access and visibility. The property is situated across the street from local landmarks, including the Glitz Restaurant and Irish Acres Gallery of Antiques. This location offers a blend of peaceful surroundings and views, making it suitable for building a home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.721381
    Latitude
    37.952107

    Nearby Similar for Sale

    • $600,000
      8,448 SF

      Versailles Commercial Building with Apartments

      Commercial building with daycare and apartments in downtown Versailles, KY.
      380 Amsden Avenue, Versailles, KY 40383
      View Details
    • $1,395,000
      8,452 SF

      Profitable Bed and Breakfast Venue

      Turn-key bed and breakfast and wedding venue on nine acres.
      1010 Steele Road, Versailles, KY 40383
      View Details
    • $250,000
      2,052 SF

      Versatile Building Near Glitz Restaurant

      Multi-use building suited for church, venue, or banquet hall.
      4210 Fords Mill Road, Versailles, KY 40383
      View Details
    • $990,000
      6,925 SF

      Versailles Multifamily Investment Opportunity

      Well-maintained 5-unit property near Bluegrass Parkway in Versailles, KY.
      502 Tecumseh Trail, Versailles, KY 40383
      View Details
    • $250,000
      2,000 SF

      Versailles Land with Homestead Potential

      4 acres in Woodford County, ideal for homesteading.
      737 Fintville Road, Versailles, KY 40383
      View Details
    • $275,000
      1,872 SF

      Versailles Duplex: Investor Opportunity

      Well-kept duplex in Versailles with strong rental appeal.
      228 Blackhawk Circle, Versailles, KY 40383
      View Details
    • $325,000

      Versailles Land with Pasture

      5 acre tract in Woodford County with mature tree-lined boundary.
      3770 Delaney Ferry Road, Versailles, KY 40383
      View Details
    • $499,900

      Rural Hobby Farm Acreage

      11.128+/- acres with a barn, mature trees, and a scenic creek bed for flexible countryside use.
      7950 McCowans Ferry Road, Versailles, KY 40383
      View Details
    • $189,750

      Residential Land in Versailles, KY

      2.53 acres of land with road frontage available.
      8 Fords Mill Road, Versailles, KY 40383
      View Details
    • $210,000

      Versailles Land for Custom Home

      2.8 acre lot with road frontage in Versailles, Kentucky.
      6 Fords Mill Road, Versailles, KY 40383
      View Details
    • $345,000

      Versailles, KY Building Lot

      Building lot near town, backs to golf course.
      250 McFall Lane, Versailles, KY 40383
      View Details
    • $685,000

      Downtown Versailles Commercial Space

      Prime commercial space with apartment in growing Versailles community.
      192 S Main Street, Versailles, KY 40383
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.58 acres of land with road frontage.
    Where is this residential land & home lot located?
    The property is located at 7 Fords Mill Road Versailles, KY.
    What is the asking price?
    The asking price for this property is $193,500.
    (859) 229-1810
    We can help!
    Listing Contact
    Kenneth E Watts
    Real Estate License ID: 178692
    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
    7 Fords Mill Road, Versailles, KY 40383
    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!