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    Recreational Agricultural Land Tract Title is generated by Realmo AI

    1100 Old Dixville Road, Harrodsburg, KY 40330

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    For Sale
    $184,900

    LAND - Harrodsburg, KY

    Lot size:
    27.67 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    214
    Last Refresh:
    Jun 7 at 1:06 pm

    Property Features for 1100 Old Dixville Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    030.00-00068.01, 030.00-00070.00
    Lot size
    27.67 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Joshua Freeland

    Listing agent Joshua Freeland License #283977

    Listing office Whitetail Properties Real Estate 121 S Madison, Pittsfield, KY

    Listing date Nov 5, 2025

    MLS# 25505413 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 27.67 +/- acres of versatile land suitable for agriculture, recreation, or residential use.
    • Chaplin River frontage and a creek running through the property, providing scenic views and natural resources.
    • Water meter in place and electric service available at the road, simplifying utility connections.
    • Approximately 1,000 feet of road frontage on Old Dixville Road, ensuring easy access.
    • Abundant wildlife (deer and turkey) creating opportunities for hunting or wildlife observation.
    • Two parcels (19 acres and 8.5 acres) offering flexibility for various uses.

    Overview

    This 27.67+/- acre property in Mercer County, Kentucky consists of two surveyed parcels: approximately 19 acres and approximately 8.5 acres. The land’s topography is described as workable for productive ground suitable for hay or crops, with a mix of open fields and wooded edges. Natural water features include a creek that runs through the property and the Chaplin River forming a boundary along one side, contributing to wildlife habitat and added utility. The lower portions are identified as bottomland and fall within the FEMA floodplain.

    The property has approximately 1,000 feet of road frontage along Old Dixville Road, with electric service accessible along the road. A water meter is already in place, which supports basic utility availability. Access to the larger parcel is provided via a deeded easement, and a usable creek crossing offers an additional way to reach it.

    For buyers looking for flexible acreage that can support both agricultural use and outdoor recreation, the combination of tillable ground, water features, and plentiful open space is a practical fit. The rural setup, along with noted deer and turkey activity, supports hunting and wildlife observation. Nearby Harrodsburg provides access to essential services while the property’s layout offers room for farming, recreation, or a future residence if desired.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Harrodsburg
    County
    Mercer
    State
    Kentucky
    Longitude
    -84.947644
    Latitude
    37.717491

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 27.67+/- acres with tillable ground, creek access, and river boundary—supported by road frontage and utility availability.
    Where is this agricultural land / farmland located?
    The property is located at 1100 Old Dixville Road Harrodsburg, KY.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: 27.67 +/- acres of versatile land suitable for agriculture, recreation, or residential use.; Chaplin River frontage and a creek running through the property, providing scenic views and natural resources.; Water meter in place and electric service available at the road, simplifying utility connections.
    (859) 533-7684
    We can help!
    Listing Contact
    Joshua Freeland
    Real Estate License ID: 283977
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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.

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