Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    709 Phillip Whitlow Road Summer Shade, KY 42166

    View on Map
    For Sale
    $125,000

    Acreage - Summer Shade, KY

    Lot size:
    21.41 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 709 Phillip Whitlow Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    015-00-00-014.07
    Lot size
    21.41 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ronnie Logsdon

    Listing agent Ronnie Logsdon License #224359

    Listing office Coldwell Banker Legacy Group 204 Cavalry Drive, Glasgow, KY

    Listing date Feb 19, 2026

    MLS# RA20260908 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, 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

    Secluded Acreage in Summer Shade

    This secluded 21.41-acre property features level to gently rolling pastures and mature hardwoods. The land is suited for building a home or cabin and developing a mini-farm. Approximately half of the property consists of open ground with fertile soil, suitable for pasturing livestock, raising gardens, or developing food plots. The area is home to deer and turkey. The property is located at the end of a county road and has deeded access. County water, electric, and high-speed internet are available. It is located within a 15-minute drive of Glasgow or Edmonton and 30 minutes from Barren River Lake State Resort Park, a 10,000-acre lake. Nashville or Louisville are approximately 1.5 hours away via the Cumberland Parkway. The property is located in Summer Shade, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Summer Shade
    County
    Metcalfe
    State
    Kentucky
    Longitude
    -85.70902
    Latitude
    36.964138

    Nearby Similar for Sale

    • $879,900
      2,953 SF

      Summer Shade Residential Farm

      Nearly 60-acre farm with a 2,853 sq ft home.
      4930 Temple Hill Road, Summer Shade, KY 42166
      View Details
    • $399,000
      2,400 SF

      Remodeled Farmhouse with Modern Updates

      Remodeled 4-bedroom farmhouse with modern updates and stunning farm views.
      11701 Burkesville Road, Summer Shade, KY 42166
      View Details
    • $175,000

      12.46 Acres with Improvements

      Two adjoining parcels with existing improvements for redevelopment or reuse.
      272 & 256 Hilltop View Road, Summer Shade, KY 42166
      View Details
    • $40,000

      Rural Acreage with RVs

      3.75 acres, half wooded, includes two RVs.
      200 Richardson Road, Summer Shade, KY 42166
      View Details
    • $35,500

      Summer Shade Vacant Land

      One-acre vacant land with utilities in Summer Shade, Kentucky.
      224 Guy Young Rd, Summer Shade, KY 42166
      View Details
    • $175,000

      12.46 Acres with Improvements

      Two adjoining parcels with existing improvements ready for redevelopment.
      272 & 256 Hilltop View Road, Summer Shade, KY 42166
      View Details
    • $1,250,000

      Kentucky Hills Golf Course Opportunity

      Nine-hole golf course with equipment, clubhouse, home, and pavilion.
      6198 Randolph Summer Shade Road, Edmonton, KY 42166
      View Details
    • $999,999

      140 Acres in Edmonton, KY

      140+/- acres of tillable land and pasture with pond.
      0 Randolph Summer Shade Road, Edmonton, KY 42166
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 21.41 acres perfect for building a home or mini-farm.
    Where is this agricultural land / farmland located?
    The property is located at 709 Phillip Whitlow Road Summer Shade, KY.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 21.41 acres of secluded land suitable for building a home or cabin.; Half open ground with fertile soil ideal for livestock, gardens, or food plots.; Located at the end of a county road with deeded access and available utilities (county water, electric, highspeed internet).
    (270) 528-4084
    We can help!
    Listing Contact
    Ronnie Logsdon
    Real Estate License ID: 224359
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!