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    Equestrian-Ready Farm Property Title is generated by Realmo AI

    1185 Jack Smith Road, Rockfield, KY 42274

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    For Sale
    $1,950,000

    LAND - Rockfield, KY

    Property size:
    5,500 SF
    Lot size:
    73.47 Acres
    Price / SF:
    $354/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 1185 Jack Smith Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Perimeter
    Standard status
    Active
    Lot size
    73.47 Acres

    Building Details

    Additional Structures
    Stable(s)

    We can help!

    Listing Contact
    Ashley Searcy
    Ashley Searcy

    Listing agent Ashley Searcy License #248474

    Listing office Crye-Leike Executive Realty 1278 Campbell Lane, Bowling Green, KY

    Listing date Jun 5, 2026

    MLS# RA20263296 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.

    HighLights

    • 73 acres with a 5,500 SF home featuring 5 bedrooms plus office and a bonus room
    • 4.5 bathrooms, including a safe room
    • Equestrian‑ready property with a 48x60 horse barn and four 12x12 Preifert stalls
    • Additional equestrian structures include a 68x40 custom barn, tackroom, feed room, and 15x60 extra space
    • Two grazing pastures and perimeter fencing
    • Includes a swim spa and offers options for event hosting, boarding/training, farming, or dividing into lots

    Overview

    This 73.47-acre farm is built to support equestrian use and flexible on-site living. Outbuildings include a 68x40 custom barn with four 12x12 Preifert stalls, a tackroom, a feed room, and an additional 15x60 space. A separate 48x60 horse barn with 12x12 Preifert stalls adds further capacity, and the property also includes two grazing pastures.

    The offering includes a 5,500-square-foot home described with five bedrooms, an office, and a bonus room, along with 4.5 bathrooms, including one identified as a safe room. Additional on-site room is referenced as part of the barn complex, supporting practical daily operations for horse care and storage. The property is located at 1185 Jack Smith Road in Rockfield, KY, and is described as being close to Nashville and Bowling Green.

    For owners looking for a self-sufficient lifestyle with equestrian infrastructure already in place, the current setup supports boarding and training concepts, as well as farming or event-focused uses that align with the existing barns and pastures. The information provided also notes the possibility of dividing the land into lots and building, alongside options such as a wedding venue or family compound use, depending on how the land is ultimately planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Auto Repair Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockfield
    County
    Warren
    State
    Kentucky
    Longitude
    -86.6009666
    Latitude
    36.9191238

    FAQs

    What type of property is this?
    Horse & equestrian property - 73-acre farm with custom barns, multiple stalls, and two grazing pastures, plus a sizable residence.
    Where is this horse & equestrian property located?
    The property is located at 1185 Jack Smith Road Rockfield, KY.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 73 acres with a 5,500 SF home featuring 5 bedrooms plus office and a bonus room; 4.5 bathrooms, including a safe room; Equestrian‑ready property with a 48x60 horse barn and four 12x12 Preifert stalls
    (270) 790-9492
    We can help!
    Listing Contact
    Ashley Searcy
    Ashley Searcy
    Real Estate License ID: 248474
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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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