Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Agricultural Land with Barn Title is generated by Realmo AI

    2274 Upper Prices Mill Road, Franklin, KY 42134

    View on Map
    Claim this Listing
    For Sale
    $932,060

    LAND - Franklin, KY

    Lot size:
    64.28 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 2274 Upper Prices Mill Road

    General Information

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

    We can help!

    Listing Contact
    Martha Thurmond
    Martha Thurmond

    Listing agent Martha Thurmond License #206222

    Listing office CB/The Advantage Realtor Group 314C N Main, Franklin, KY

    Listing date Apr 1, 2026

    MLS# RA20261727 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

    • 64‑acre tract currently in wheat and leased until the end of 2026
    • Located about 7 miles to Franklin and about 10 minutes to I‑65
    • Barn on the property with utilities available
    • Price per acre is $14,500

    Overview

    This farmland offering consists of approximately 64.28 acres and is currently planted in wheat. The property includes a barn and utilities are available, supporting ongoing agricultural use. The land is leased through the end of 2026, which may appeal to buyers looking for continuity with an active farming setup.

    The tract is located near Franklin, Kentucky, approximately 7 miles away, with access to I-65 about 10 minutes from the property. Address information is provided for 2274 Upper Prices Mill Road, Franklin, KY 42134, and the land sits in Simpson County.

    For buyers, the combination of acreage, existing wheat crop under lease, and on-site improvements such as the barn can fit a farming operation seeking additional ground. Utilities available on the property may also be useful for planning current or future needs associated with agricultural activity. Because the current lease runs through the end of 2026, potential buyers may want to factor the lease term into timing and transition plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.693593
    Latitude
    36.682262

    Nearby Similar for Sale

    • $690,000

      Historic Franklin Building with Restaurant

      Three-story, 12,000 sq ft building with restaurant/bar.
      205 W Cedar Street, Franklin, KY 42134
      View Details
    • $824,900
      3,888 SF

      Franklin Home on Wooded Acreage

      Custom home on 14.53 acres with shop/garage.
      1371 Johns Loop Road, Franklin, KY 42134
      View Details
    • Contact for pricing
      4,915 SF

      Historic Downtown Commercial Property Auction

      Versatile commercial property in downtown Franklin, Kentucky. Investment opportunity.
      103 W Cedar Street, Franklin, KY 42134
      View Details
    • $575,000

      Interstate Frontage Commercial Land

      Commercial land parcel with interstate road frontage, positioned near major retail and lodging uses.
      4000 Nashville Road, Franklin, KY 42134
      View Details
    • $497,900
      2,900 SF

      Residential Farm with Welcoming Porch

      Beautiful home with open concept, fenced backyard, and great location.
      205 Dew Drop Drive, Franklin, KY 42134
      View Details
    • $274,999
      1,413 SF

      Updated Home on Six Acres

      Updated 3-bedroom home on 6 acres within city limits.
      210 Macedonia Road, Franklin, KY 42134
      View Details
    • $1,900,000

      Downtown Franklin Mixed-Use Opportunity

      28,000 sq ft mixed-use property in historic downtown Franklin.
      208 N Main Street, Franklin, KY 42134-1839
      View Details
    • $699,900
      3,348 SF

      Franklin Farm and Ranch Property

      Residential farm and ranch property available in Franklin, Kentucky.
      2516 Gold City Road, Franklin, KY 42134
      View Details
    • $270,000
      840 SF

      Residential Farm with Barndominium

      6-acre farm with new barndominium near Franklin, Kentucky.
      11875 Franklin Road, Franklin, KY 42134
      View Details
    • $475,000

      Franklin Commercial Space on 31W

      Commercial space on 31W with high visibility and traffic.
      828 N Main Street, Franklin, KY 42134
      View Details
    • $700,000
      1,740 SF

      Residential Farm with Remodeled Farmhouse

      30-acre farm with potential for various agricultural uses.
      2108 McKendree Chapel Road, Franklin, KY 42134
      View Details
    • $5,250,000
      2,844 SF

      Premier Equestrian Estate with Airstrip

      156-acre equestrian estate featuring a private landing strip.
      3431 Morgantown Road, Franklin, KY 42134
      View Details

    FAQs

    What type of property is this?
    Farm - 64-plus acres of farmland currently planted in wheat, with a barn and utilities available for continued operations.
    Where is this farm located?
    The property is located at 2274 Upper Prices Mill Road Franklin, KY.
    What is the asking price?
    The asking price for this property is $932,060.
    What are key features of this property?
    This property features: 64‑acre tract currently in wheat and leased until the end of 2026; Located about 7 miles to Franklin and about 10 minutes to I‑65; Barn on the property with utilities available
    (270) 776-0851
    We can help!
    Listing Contact
    Martha Thurmond
    Martha Thurmond
    Real Estate License ID: 206222
    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
    2274 Upper Prices Mill Road, Franklin, KY 42134
    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!