Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Kendrick Ridge Road lot 2 2405 Frenchburg, KY 40322

    View on Map
    Claim this Listing
    For Sale
    $145,000

    LAND - Frenchburg, KY

    Lot size:
    5.00 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    35
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for Kendrick Ridge Road lot 2 2405

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    50-15-02-01 TBD-1
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Lance E Sims
    Lance E Sims

    Listing agent Lance E Sims License #268042

    Listing office Exit Realty Crutcher 502 A Saffell Street, Lawrenceburg, KY

    Listing date Apr 3, 2026

    MLS# 26006938 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

    • 5+/- acre mini‑farm opportunity with pond, utilities, and horse‑ready setup.
    • Established paddocks and usable pasture ground ideal for livestock or equestrian use.
    • Electric already in place with its own meter.
    • Container structure with lean‑to housing three 12x14 stalls with Noble stall fronts and rubber matting.
    • Half‑stocked pond.
    • Multiple build sites suitable for a dream home.

    Overview

    Mini-Farm Opportunity with Pond

    This 5+/- acre property offers a blend of function and future potential. It features a half-stocked pond, open pasture, and established paddocks suitable for livestock or equestrian use. Electric utilities are already in place with its own meter. A container structure with lean-to houses three 12x14 stalls featuring Noble stall fronts and rubber matting, providing a foundation for a small horse operation or hobby farm. The property includes two turnout paddocks, usable pasture ground, and multiple build sites, making it suitable for building a dream home while enjoying immediate agricultural use. Located in Frenchburg, KY, this property is zoned AR and offers potential for starting a mini-farm, expanding a current setup, or building in a rural setting.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Frenchburg
    County
    Menifee
    State
    Kentucky
    Longitude
    -83.6173
    Latitude
    37.9536

    Nearby Similar for Sale

    • $165,000

      Commercial Land in Frenchburg, KY

      Half-acre lot on Main Street, ready for business.
      325 Main Street, Frenchburg, KY 40322
      View Details
    • $45,000

      Former Gymnasium with Historic Charm

      Unique property with classic architecture and high ceilings, full of opportunity.
      133 Old Campus Road, Frenchburg, KY 40322
      View Details
    • $225,000

      Versatile Property with Income Potential

      Office building with income-generating mobile home lots in Frenchburg, KY.
      Highway 460, Frenchburg, KY 40322
      View Details
    • $30,000

      Acre Lot with Mobile Home

      One acre lot with mobile home near local amenities.
      CR-1365 Lark Lane, Frenchburg, KY 40322
      View Details
    • $120,000

      Kentucky Land with Horse Barn

      3-acre Kentucky land ideal for building or hobby farming.
      Kendrick Ridge Road lot: 1 2405, Frenchburg, KY 40322
      View Details
    • $149,500

      Kentucky Land Near Long Bow

      39 acres near Long Bow Marina, Frenchburg, Kentucky.
      Kentucky 1274, Frenchburg, KY 40322
      View Details
    • $39,900

      Land for Hunting and Recreation

      Acreage for hunting or recreational use near Frenchburg, Kentucky.
      396 Tolan Branch Road, Frenchburg, KY 40322
      View Details
    • $15,000

      Land Near Cave Run Lake

      0.68 acre building lot near Longbow Marina and Beaver Creek.
      TBD Trail Pines/Edge Lane, Frenchburg, KY 40322
      View Details
    • $169,500

      Highway Frontage Development Opportunity

      Two-acre commercial land with development potential in Frenchburg, Kentucky.
      6493 W Highway 460, Frenchburg, KY 40322
      View Details
    • $54,000

      Cliff Line View Lot

      0.8 acre lot with cliff line views near Cave Run Lake.
      894 Heavenly Lane, Frenchburg, KY 40322
      View Details
    • $120,000

      Scenic Land with Seasonal Creek

      5+/- acre tract with creek, pasture, and wooded areas.
      Kendrick Ridge Road lot: 3 2405, Frenchburg, KY 40322
      View Details
    • $59,500

      LAND - Frenchburg, KY

      2570 Amos Ridge Road, Frenchburg, KY 40322
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 5+/- acre mini-farm with pond, utilities, and horse setup.
    Where is this horse & equestrian property located?
    The property is located at Kendrick Ridge Road lot 2 2405 Frenchburg, KY.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: 5+/- acre mini‑farm opportunity with pond, utilities, and horse‑ready setup.; Established paddocks and usable pasture ground ideal for livestock or equestrian use.; Electric already in place with its own meter.
    (502) 517-1730
    We can help!
    Listing Contact
    Lance E Sims
    Lance E Sims
    Real Estate License ID: 268042
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Kendrick Ridge Road lot: 2 2405, Frenchburg, KY 40322
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!