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

    Montgomery Rd Auburn, KY 42206

    View on Map
    Sponsored
    For Sale
    $56,000

    Acreage - Auburn, KY

    Lot size:
    1.48 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 11:06 am

    Property Features for Montgomery Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    124-00-00-009-09
    Lot size
    1.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Austin Bagby
    Austin Bagby

    Haley Auctions & Realty (270) 542-9175

    Listing agent Austin Bagby (270) 726-2900 License #223252

    Listing date Mar 13, 2026

    MLS# RA20261363 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.

    Learn more

    Property Insight Report

    Overview

    Acreage in Auburn, Kentucky

    This 1.48 +/- acre building lot is located in a quiet and scenic area of Auburn, Kentucky. The land is ready to build on, offering space for a home, garage, and outdoor living area. The property provides a blend of peace, privacy, and convenience in the countryside, while remaining a short drive from local amenities, schools, and town conveniences. This property offers an ideal setting for a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Auburn
    County
    Logan
    State
    Kentucky
    Longitude
    -86.7494696
    Latitude
    36.8552235

    Nearby Similar for Sale

    • $675,000
      3.03 Acres

      Commercial Property with Event Venue

      Commercial property featuring a kitchen and event space in Auburn.
      115 Quarry Rd, Auburn, KY 42206
      View Details
    • $169,900
      1,592 SF

      Turn-Key Restaurant in Downtown Auburn

      Restaurant opportunity in Auburn's vibrant downtown business community.
      339 E Main St, Auburn, KY 42206
      View Details
    • $567,500
      1.20 Acres

      Remodeled Office Building in Auburn

      Professionally remodeled office building in downtown Auburn, Kentucky.
      218 W Main St, Auburn, KY 42276
      View Details
    • $209,900
      1,100 SF

      Remodeled Home in Auburn, KY

      Three-bedroom home with remodeled bathroom and new appliances.
      172 Circle Dr, Auburn, KY 42206
      View Details
    • $232,000
      1,675 SF

      Auburn, KY Residential Farm

      Spacious home with remodeled features and recent upgrades.
      174 Circle Dr, Auburn, KY 42206
      View Details
    • $7,300,000
      500.00 Acres

      500-Acre Farm in South Central KY

      Large, contiguous tract of highly productive land in South Central KY.
      3897 Plainview Church Rd, Auburn, KY 42206
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.48 +/- acre building lot in the countryside.
    Where is this residential land & home lot located?
    The property is located at Montgomery Rd Auburn, KY.
    What is the asking price?
    The asking price for this property is $56,000.
    What are key features of this property?
    This property features: - 1.48 +/- acre building lot ideal for custom home construction.; - Primed and ready for building, offering space for a home, garage, and outdoor living area.; - Located in a quiet and scenic area of Auburn, providing peace and privacy.
    (270) 726-0900
    Request Owner's contact information
    Montgomery Rd Auburn, KY 42206
    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.
    Montgomery Rd
    Auburn, KY 42206
    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
    Montgomery Rd Auburn, KY 42206
    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
    Austin Bagby
    Austin Bagby
    Real Estate License ID: 223252
    (270) 726-0900 (270) 726-2900
    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!