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    Ranch-Style Home with Barn Title is generated by Realmo AI

    425 Big Lick Hollow Road, New Haven, KY 40051

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    Residential - Other, KY

    Type:Farm
    Lot size:
    416.69 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 425 Big Lick Hollow Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active Under Contract
    Lot size
    416.69 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Harris

    Listing agent Michael Harris License #198374

    Listing office Harris Real Estate & Auction 3855 State Route 45 North, Mayfield, KY

    Listing date Jun 5, 2026

    MLS# 136068 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS 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

    • 890 acres offered in 18 tracts and combinations (Premier Real Estate Auction, Thursday April 16 at 10am EST).
    • Tract 1: ranch‑style brick home with 5 bedrooms and 3 bathrooms, plus kitchen, dining room, formal living room, and family room with brick hearth fireplace.
    • Tract 1: central heat and air; includes a grand front entrance, large utility room off the one‑car garage, and a sun porch.
    • Tract 1: full basement with open concept layout, one bathroom, and a brick fireplace hearth.
    • Tract 1: detached two‑car carport and one‑car garage with a large utility room off the garage.
    • Tract 4: 68' × 72' barn with lean‑to bays.

    Overview

    This offering includes a ranch-style brick home with five bedrooms and three bathrooms, along with additional improvements. The floor plan features a kitchen that connects to the dining room, a formal living room, and a family room with a brick hearth fireplace. A grand front entrance and a sun porch support day-to-day living, and a large utility room sits off a one-car garage. The full basement has an open concept layout with one bathroom and a brick fireplace hearth. A detached two-car carport is included, and the home is served by central heat and air.

    The property is being offered through a real estate auction on Thursday, April 16 at 10:00 AM EST, held at the Nelson County Fairgrounds. The sale includes ranch and agricultural components across multiple tracts and combinations, with tract-specific improvements described in the offering details.

    For buyers seeking an owner-occupied home alongside agricultural utility, this combination supports a range of tenant- or buyer-use scenarios, from light farm operations to storage and workshop needs. Tract 4 includes a 68' by 72' barn with lean-to bays, providing covered space for equipment, livestock housing, or general storage depending on how the site is managed. Prospective purchasers should review the tract structure and included improvements to select the configuration that best fits their use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    New Haven
    County
    Nelson
    State
    Kentucky
    Longitude
    -85.576466
    Latitude
    37.601404

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    FAQs

    What type of property is this?
    Ranch - Ranch-style brick home with central heat and air, plus a detached carport and a large barn with lean-to bays.
    Where is this ranch located?
    The property is located at 425 Big Lick Hollow Road New Haven, KY.
    What are key features of this property?
    This property features: 890 acres offered in 18 tracts and combinations (Premier Real Estate Auction, Thursday April 16 at 10am EST).; Tract 1: ranch‑style brick home with 5 bedrooms and 3 bathrooms, plus kitchen, dining room, formal living room, and family room with brick hearth fireplace.; Tract 1: central heat and air; includes a grand front entrance, large utility room off the one‑car garage, and a sun porch.
    (270) 247-3253
    We can help!
    Listing Contact
    Michael Harris
    Real Estate License ID: 198374
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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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