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    Kentucky Equestrian Estate with Arenas Title is generated by Realmo AI

    3200 Fishers Mill Road, Midway, KY 40347

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    For Sale
    $2,900,000

    34-acre Kentucky equestrian estate with arenas and custom home.

    Type:Farm
    Lot size:
    34.00 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 1 at 9:07 pm

    Property Features for 3200 Fishers Mill Road

    General Information

    Standard status
    Active
    Lot size
    34.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Kenny Whalen

    Listing agent Kenny Whalen

    Listing office Real Broker LLC

    Listing date Oct 29, 2025

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC

    HighLights

    • World‑class equestrian facilities on 34 acres in Kentucky Horse Country, designed for professional‑level training and competition.
    • 19‑stall barn with high‑end features: 12' x 12' rubber‑matted stalls, tongue‑and‑groove wood finishes, heated tack room, and indoor/outdoor wash bays.
    • Indoor and outdoor arenas with premium footing: 80' x 160' indoor arena with Trutek footing and a rebuilt 100' x 200' outdoor arena.
    • Custom five‑bedroom home with walk‑out basement, home theater, and expansive living spaces with pasture views.
    • Six fenced paddocks with automatic waterers for efficient turnout.
    • Convenient location minutes from the Kentucky Horse Park, offering easy access to events, veterinary services, and training circuits.

    Overview

    This equestrian estate, situated on 34 acres in Kentucky Horse Country, combines equestrian facilities with country living. Located near the Kentucky Horse Park, the property is designed for professional-level training and competition. The 19-stall barn includes 12' x 12' rubber-matted stalls, tongue-and-groove wood finishes, indoor and outdoor wash bays, a heated tack room and bathroom, washer/dryer hookups, and a fully guttered drainage system. The 80' x 160' indoor arena features Trutek footing and large windows for natural light and cross ventilation. The 100' x 200' outdoor arena was rebuilt in 2025 with a 7-inch crushed limestone base and 3 inches of mortar sand. Six fenced paddocks, each with automatic waterers, provide turnout and access to the barn. Additional facilities include a 24' x 60' equipment barn with water and electric, a run-in shed, full RV hookup, and separate utilities for the home and farm. The property also includes a custom five-bedroom home with a walk-out basement, home theater, and living spaces with pasture views. This property is suited for professionals, competitors, or enthusiasts seeking a turnkey facility near events, veterinary services, and training circuits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crooked Gate Farm Horse Boarding Stable

    Suggested Use

    Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Midway
    County
    Woodford
    State
    Kentucky
    Longitude
    -84.7135707
    Latitude
    38.2038407

    FAQs

    What type of property is this?
    Horse & equestrian property - 34-acre Kentucky equestrian estate with arenas and custom home.
    Where is this horse & equestrian property located?
    The property is located at 3200 Fishers Mill Road Midway, KY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: World‑class equestrian facilities on 34 acres in Kentucky Horse Country, designed for professional‑level training and competition.; 19‑stall barn with high‑end features: 12' x 12' rubber‑matted stalls, tongue‑and‑groove wood finishes, heated tack room, and indoor/outdoor wash bays.; Indoor and outdoor arenas with premium footing: 80' x 160' indoor arena with Trutek footing and a rebuilt 100' x 200' outdoor arena.
    (855) 450-0442
    We can help!
    Listing Contact
    Kenny Whalen
    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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