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    707 Goode Ridge Rd Knifley, KY 42753

    Sponsored
    For Sale
    $1,420,000

    Farm/Estate, Cabin - Knifley, KY

    Type:Farm
    Property size:
    3,040 SF
    Lot size:
    150.00 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 30 at 10:06 am

    Property Features for 707 Goode Ridge Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Den, Dining Room, Kitchen, Library, Living Room
    Bedrooms
    4
    Bathrooms
    4
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    3,040 SF
    Lot size
    150.00 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Wood (Heating), Wood Stove
    Cooling system
    Central Air

    Building Details

    Flooring type
    Hardwood, Tile
    Building materials
    Log, Log Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Carla Keltner

    United Country Down Home Properties (270) 629-5263

    Listing agent Carla Keltner (270) 629-5263

    Listing date Jan 27, 2026

    MLS# 11637914 Listing URL

    Copyright © 2026 My State MLS. 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

    Turn-Key Cabin on 150 Acres

    Located in the rolling hills of Knifley, Kentucky, this turn-key cabin is situated on approximately 150 acres, according to PVA, adjoining Green River Lake Corps of Engineers. The updated and fully furnished cabin features over 3,000 square feet of living space, including a finished walk-out basement, containing 4+ bedrooms and 4 bathrooms. The main level features an open kitchen, a dining area, a living room, two bedrooms, and two full bathrooms. Two bonus rooms off the kitchen are currently used as a library and a home office. Upstairs are two additional bedrooms and a full bathroom. Oak flooring and tile run throughout the home. Updates include new drywall, fresh interior paint, updated appliances, a new wood stove, a custom-built bar and shelving, a butcher block table, French doors off the kitchen, and access to the upper deck. The exterior has been upgraded with new half-log siding, new gutters and downspouts, two new HVAC units with new ductwork, rebuilt and stained decks, improved driveway grading with drainage piping and fresh gravel, and refreshed landscaping. A 40' x 60' barn includes new custom doors, a lean-to, and additional living quarters with plumbing. Water is supplied by a rebuilt spring/well system with new piping and pump. The spring access has been re-dug and irrigated, providing water to the cabin, barn, and four spigots. Multiple fruit trees have been planted around the yard, and nine deer stands will remain with the property. The land includes open fields, wooded acreage, and established ATV trails. The property is located within driving distance of both Lexington and Louisville airports.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Knifley
    County
    Adair
    State
    Kentucky
    Longitude
    -85.187849
    Latitude
    37.191297

    Nearby Similar for Sale

    • $331,900
      2,145 SF

      Kentucky Farmhouse with Modern Comfort

      Charming 3-bedroom home on 4.35 acres with pool.
      3357 Caldwell Ridge Rd, Knifley, KY 42753
      View Details

    FAQs

    What type of property is this?
    Farm - Updated cabin on 150 acres near Green River Lake.
    Where is this farm located?
    The property is located at 707 Goode Ridge Rd Knifley, KY.
    What is the asking price?
    The asking price for this property is $1,420,000.
    What are key features of this property?
    This property features: - 150 private acres adjoining Green River Lake Corps of Engineers.; - Turn-key, fully furnished and beautifully updated cabin with 4+ bedrooms and 4 baths.; - 40' x 60' barn with new custom doors, a lean-to, and additional living quarters with plumbing.
    (270) 629-5263
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    707 Goode Ridge Rd Knifley, KY 42753
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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
    707 Goode Ridge Rd Knifley, KY 42753
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    Listing Contact
    Carla Keltner
    (270) 629-5263
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