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    80 Tobe Run Rd Glasgow, KY 42156

    Sponsored
    For Sale
    $699,900

    Residential Farm, 1-1/2 Story,Log - Glasgow, KY

    Type:Farm
    Property size:
    3,480 SF
    Lot size:
    4.39 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 7 at 1:06 am

    Property Features for 80 Tobe Run Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Window features
    Skylight(s)
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Workshop
    Bedrooms
    5
    Bathrooms
    3
    Parking features
    Driveway, Garage, Garage - Detached, Paved or Surfaced
    Patio and Porch features
    Porch, Deck
    Interior features
    Attic Storage, Ceiling Fan(s), Closet Light(s), Skylight(s), Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Balcony, Covered Front Porch, Workshop, Concrete Walks, Covered Deck, Deck, Exterior Lights, Garden Area, Landscaping, Mature Trees, Other-see Remarks, Outdoor Lighting, Porch, Trees
    Fireplace
    1
    Appliances
    Dryer
    Size
    3,480 SF
    Lot size
    4.39 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air, Heat Pump
    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Year built
    1992
    Flooring type
    Hardwood, Laminate, Tile, Vinyl
    Building materials
    Log
    Roof type
    Metal, Shingle
    Architectural style
    Other
    Additional Structures
    See Remarks, Workshop

    We can help!

    Listing Contact
    Gary Pierce

    Elmore Realty & Auction (270) 651-7711

    Listing agent Gary Pierce (270) 651-7711 License #222768

    Listing date Feb 6, 2026

    MLS# SC47710 Listing URL

    Copyright © 2026 South Central 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

    Lakefront Residential Farm with Rental History

    This 4.39-acre residential farm property, located in Glasgow, KY, features a 3,480 square foot, 1-1/2 story log cabin. Situated on three lakefront lots, the property offers seclusion and privacy, with potential for future development. The cabin was updated throughout in 2021, with further updates including new shingles on the garage in 2021, new shingles on the house and a new metal roof covering on the deck in 2023, a completely rebuilt covered deck in 2023, and a new balcony off the primary bedroom in 2023. All decking and windows were repainted in 2023, and new 6" gutters with gutter guards were installed. A new HVAC system (furnace & A/C) was replaced in 2024. The property is being sold completely furnished and is located directly off 31E South, less than a 3-minute drive to Barren River State Park. The property is currently a high-producing short-term rental with a 4.99 rating (out of 5) on Airbnb with over 200 ratings and consistently in the top 1% of homes on the Airbnb platform. The cabin's performance makes it suitable as a short-term rental investment, while its location also lends itself to personal use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Storage Facility HVAC Service Grocery & Convenience Store Wine and Liquor Store Travel Agency Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -86.0450395
    Latitude
    36.8602251

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    FAQs

    What type of property is this?
    Short term rental property - 4.39 acre lakefront property with high-producing short-term rental history.
    Where is this short term rental property located?
    The property is located at 80 Tobe Run Rd Glasgow, KY.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - Highly successful short-term rental with a 4.99/5 rating on Airbnb, consistently in the top 1%.; - Lakefront property with 4.39 acres consisting of 3 lots, offering privacy and development potential.; - Turn-key property being sold completely furnished.
    (270) 651-7711
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    80 Tobe Run Rd Glasgow, KY 42156
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    Glasgow, KY 42156
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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
    80 Tobe Run Rd Glasgow, KY 42156
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    We can help!
    Listing Contact
    Gary Pierce
    Real Estate License ID: 222768
    (270) 651-7711
    Learn more
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