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    Farm with Creek Frontage Title is generated by Realmo AI

    4053 Halfway Halifax Road, Scottsville, KY 42164

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    For Sale
    $1,500,000

    LAND - Scottsville, KY

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

    Property Features for 4053 Halfway Halifax Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    154.00 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# RA20256678 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

    • 154+/- acre Allen County farm with long road frontage on Halfway Halifax Road (KY Highway 1332).
    • 60+/- acres of tillable ground.
    • 3,269 feet of frontage on Bays Fork Creek.
    • Under‑construction extra‑large building/barndominium: 50x80 shop plus 32x43 roughed‑in living quarters.
    • Additional outbuildings include a 20x50 shed and several hundred sq ft of covered wraparound porch.
    • Income‑producing property with hunting opportunities; located in the Halifax community, under 8 miles to Scottsville center and 16 miles to I‑65 exit 22 (Bowling Green/Scottsville Road).

    Overview

    This 154+/- acre Allen County farm includes 60+/- acres of tillable ground and 3,269 feet of frontage on Bays Fork Creek. The property also features an extra-large building/barndominium that is currently under construction, with a 50x80 shop space plus a 32x43 area that is roughed in for living quarters. Additional improvements include a 20x50 shed and several hundred square feet of covered wrap-around porch space.

    The farm has long road frontage along Halfway Halifax Road (KY Highway 1332). It is located in the Halifax community, just under 8 miles from the center of Scottsville, and about 16 miles from exit 22 on I-65 in Bowling Green (Scottsville Road).

    For buyers looking for a working farm or a property that can support multiple rural uses, the combination of tillable acreage, creek frontage, and the in-progress shop and living space creates a practical foundation for agricultural and recreational use. The property’s size and acreage distribution may also suit owners who want flexibility for farming, land management, and on-site enjoyment, including hunting opportunities mentioned in the listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.24795098
    Latitude
    36.82626715

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    FAQs

    What type of property is this?
    Farm - 154+/- acre Allen County farm offering tillable acres, extensive creek frontage, and an extra-large barndominium under construction.
    Where is this farm located?
    The property is located at 4053 Halfway Halifax Road Scottsville, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 154+/- acre Allen County farm with long road frontage on Halfway Halifax Road (KY Highway 1332).; 60+/- acres of tillable ground.; 3,269 feet of frontage on Bays Fork Creek.
    (270) 622-8623
    We can help!
    Listing Contact
    Isaac Stuart
    Isaac Stuart
    Real Estate License ID: 262752
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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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    4053 Halfway Halifax Road, Scottsville, KY 42164
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