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    151 Acres Carl Hurt Road, Scottsville, KY 42164

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    For Sale
    $1,150,000

    LAND - Scottsville, KY

    Lot size:
    151.03 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    196
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 151 Acres Carl Hurt Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    151.03 Acres

    We can help!

    Listing Contact
    Isaac Stuart
    Isaac Stuart

    Listing agent Isaac Stuart License #262752

    Listing office Garmon Real Estate & Auction 501 S Main Street, Franklin, KY

    Listing date Nov 19, 2025

    MLS# RA20256675 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

    • 151.034‑acre farm located between Scottsville and Bowling Green
    • Mixture of wooded and open land, with potential home sites and secluded acreage on the back forty
    • Over 1/2 mile of road frontage
    • Over 2025 boundary survey completed with all property corners clearly marked
    • Income‑producing land and excellent hunting opportunities reported
    • Will divide

    Overview

    This 151-acre property offers a mix of wooded and open land, providing flexibility for a range of rural uses. The listing describes multiple potential home sites along with additional secluded acreage within the “back forty.” A 2025 boundary survey has been completed, and property corners are clearly marked.

    Located off Carl Hurt Road in Allen County, the farm is described as conveniently situated between Scottsville and Bowling Green. The property features more than 1/2 mile of road frontage, creating straightforward access along the frontage and support for various layouts across the tract. The seller notes that the property will divide.

    For buyers seeking rural acreage for recreation, residence, or a combination of uses, the wooded/open mix and extensive road frontage are practical starting points. The newly completed boundary survey and marked corners can help streamline initial planning and site evaluation. Because the listing also references multiple areas within the acreage, interested parties can request a showing to review the distribution of open ground and tree cover and discuss the planned division options.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.20836255
    Latitude
    36.84232507

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 151-acre farm with wooded and open acreage and more than half-mile road frontage, plus a new 2025 boundary survey.
    Where is this agricultural land / farmland located?
    The property is located at 151 Acres Carl Hurt Road Scottsville, KY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 151.034‑acre farm located between Scottsville and Bowling Green; Mixture of wooded and open land, with potential home sites and secluded acreage on the back forty; Over 1/2 mile of road frontage
    (270) 622-8623
    We can help!
    Listing Contact
    Isaac Stuart
    Isaac Stuart
    Real Estate License ID: 262752
    Learn More
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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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