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    231-Acre Farm with Barndominium Title is generated by Realmo AI

    11597 Center Point Road, Tompkinsville, KY 42167

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    For Sale
    $675,000

    Barndominium, Residential Farm - Tompkinsville, KY

    Type:Farm
    Property size:
    1,155 SF
    Lot size:
    231.84 Acres
    Price / SF:
    $584/SF
    Added:
    May 14, 2026
    Days on Market:
    10
    Last Refresh:
    May 23 at 7:06 am

    Property Features for 11597 Center Point Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1
    Parking features
    Carport
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Closet Light(s), Walk-in Closet(s)
    Exterior features
    Barn, Workshop, Enclosed Patio, Mature Trees, Pond(s), Stables, Trees, Barb Wire Fence, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Other
    Standard status
    Active
    Size
    1,155 SF
    Lot size
    231.84 Acres

    Utilities

    Heating system
    Ductless (Heating), Fireplace(s)
    Cooling system
    Ductless
    Water front features
    Creek, Pond(s), Stream

    Building Details

    Year built
    2022
    Flooring type
    Vinyl
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s), Workshop

    We can help!

    Listing Contact
    Sarah Buchanan

    Listing agent Sarah Buchanan

    Listing office RE/MAX EXECUTIVE GROUP, INC. 100 Chase Way, Elizabethtown, KY

    Listing date May 14, 2026

    MLS# HK2602025 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.

    HighLights

    • Sprawling 231‑acre farm and recreational property featuring approximately 150 acres of timber.
    • Barn dominium‑style shop house with 1 bedroom, 1 bathroom, and oversized shop area perfect for RV storage and charging.
    • Abundant water features, including streams, creeks, and ponds, attracting diverse wildlife.
    • Suitable for cattle farming, hunting, fishing, and general recreation.
    • Additional barn for equipment, livestock, or storage.
    • Close proximity to the Cumberland River for additional outdoor activities.

    Overview

    This 231-acre farm and recreational property is located in Tompkinsville, KY. It features a barn dominium-style shop house with 1 bedroom and 1 bathroom. The property includes an attached carport providing space for approximately four vehicles, and an oversized shop area large enough to accommodate an RV and charging. Approximately 150 acres are timbered. The property is suited for cattle farming, hunting, fishing, and recreational use. The rolling acreage includes streams, creeks, ponds, and abundant wildlife. An additional barn provides space for equipment, livestock, or storage. Located a short drive from the Cumberland River, the property offers opportunities for fishing, hunting, and exploring. The property is known for arrowhead discoveries. Approximately 2.806 acres is no longer part of the survey; the area has been marked. The property contains 1,155 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Tompkinsville
    County
    Monroe
    State
    Kentucky
    Longitude
    -85.532976
    Latitude
    36.724846

    FAQs

    What type of property is this?
    Farm - 231-acre farm featuring a barndominium-style shop house.
    Where is this farm located?
    The property is located at 11597 Center Point Road Tompkinsville, KY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Sprawling 231‑acre farm and recreational property featuring approximately 150 acres of timber.; Barn dominium‑style shop house with **1 bedroom, 1 bathroom, and oversized shop area perfect for RV storage and charging.**; Abundant water features, including streams, creeks, and ponds, **attracting diverse wildlife.**
    (270) 769-0038
    We can help!
    Listing Contact
    Sarah Buchanan
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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
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    11597 Center Point Road, Tompkinsville, KY 42167
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