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

    791 Jones School Rd Mount Sherman, KY 42764

    View on Map
    Sponsored
    For Sale
    $349,900

    Residential Farm, 1-1/2 Story,Cottage - Mount Sherman, KY

    Type:Farm
    Property size:
    1,696 SF
    Lot size:
    44.77 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 26 at 1:06 pm

    Property Features for 791 Jones School Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Spa
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    Parking features
    Carport
    Patio and Porch features
    Porch, Deck
    Interior features
    Ceiling Fan(s)
    Exterior features
    Barn, Covered Front Porch, Out Building, Swimming Pool-abv Ground, Workshop, Covered Deck, Deck, Exterior Lights, Greenhouse, Hot Tub, Landscaping, Mature Trees, Orchard, Outdoor Lighting, Porch, Storage Building, Storage Shed, Trees, All/Perimeter, Barb Wire Fence, Partial, Fence
    Fencing
    Fenced, Perimeter
    Fireplace
    1
    Appliances
    Dryer
    Size
    1,696 SF
    Lot size
    44.77 Acres

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air, Multi Units, Window Unit(s)
    Water front features
    Creek

    Building Details

    Year built
    1908
    Flooring type
    Carpet, Laminate, Vinyl
    Roof type
    Metal
    Architectural style
    Cottage
    Additional Structures
    Barn(s), Greenhouse, Packing Shed, Shed(s), Storage, Workshop

    We can help!

    Listing Contact
    Andi Manes

    United Real Estate Louisville

    Listing agent Andi Manes

    Listing date Mar 22, 2026

    MLS# HK2601085 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

    Mount Sherman Residential Farm Retreat

    Located in Mount Sherman, KY, this private retreat on 44.77 acres features a blend of cleared and wooded land, subdivided into 5 lots. The property is conveniently located 14 minutes from Hodgenville, 30 minutes from Elizabethtown, 48 minutes from Fort Knox, and within an hour of Louisville. The 1,696 square foot home has seen updates and improvements, including a new HVAC planned for 2025, a new well pump from 2024, septic service in 2024, updated appliances from 2021-2023, a new gas fireplace from 2021, structural improvements with steel foundation support beams, floor joists, and a crawl space vapor barrier from 2021, and a fire safety system with 10-year batteries from 2023. The home includes main-floor laundry, with additional materials purchased for flooring and trim. The property also features a $20,000 barn, a pole barn from 2021, an unused cabin from 2022, a tiny house with utilities and a 3-car carport, a greenhouse with fans and a chicken coop, an above-ground pool from 2022, and a Thermaspa hot tub. An orchard includes apple, pear, peach, plum, and blueberry trees. There is also a creek and two access points to the property, as well as a barn hydrant from 2024. A tractor with implements and a zero-turn mower are included, along with an owned propane tank. This property is suited for country living, homesteading, or multi-use investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Mount Sherman
    County
    Larue
    State
    Kentucky
    Longitude
    -85.6310818
    Latitude
    37.4035428

    Nearby Similar for Sale

    • New
      $205,000
      1.14 Acres

      Mount Sherman Commercial Opportunity

      Multi-use commercial property on 1.14 acres with endless potential.
      7130 Greensburg Rd, Mount Sherman, KY 42764
      View Details

    FAQs

    What type of property is this?
    Farm - Private 44.77-acre retreat with updated home and multiple structures.
    Where is this farm located?
    The property is located at 791 Jones School Rd Mount Sherman, KY.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - 44.77 acres subdivided into 5 lots, offering flexibility for future use.; - Extensive recent updates including new HVAC (2025) and well pump (2024).; - Includes barn, pole barn (2021), unused cabin (2022), tiny house with utilities, greenhouse with fans & chicken coop, above-ground pool (2022), hot tub, and orchard.
    (270) 740-9324
    Request Owner's contact information
    791 Jones School Rd Mount Sherman, KY 42764
    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.
    791 Jones School Rd
    Mount Sherman, KY 42764
    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
    791 Jones School Rd Mount Sherman, KY 42764
    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

    We can help!
    Listing Contact
    Andi Manes
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!