Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Scottsville Agriculture Property For Sale Title is generated by Realmo AI

    800 Mt Carmel Church Road, Scottsville, KY 42164

    View on Map
    Claim this Listing
    For Sale
    $368,000

    LAND - Scottsville, KY

    Lot size:
    40.76 Acres
    Added:
    Oct 25, 2024
    Days on Market:
    591
    Last Refresh:
    Jun 7 at 5:06 am

    Property Features for 800 Mt Carmel Church Road

    General Information

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

    We can help!

    Listing Contact
    Christopher Vernon

    Listing agent Christopher Vernon License #290121

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Oct 25, 2024

    MLS# RA20245790 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

    • Buyer's agents welcome
    • Location coordinates provided

    Overview

    This agricultural property is located in Scottsville, Kentucky. The property comprises 40.76 acres. Buyer's agents are welcome.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.1634323
    Latitude
    36.6944164

    Nearby Similar for Sale

    • $199,900
      2,400 SF

      Scottsville Commercial Building For Sale

      Large insulated and heated building suitable for various business uses.
      4466 Walnut Creek Road, Scottsville, KY 42164
      View Details
    • $269,900

      Flex Building with Warehouse

      Office buildout plus warehouse with overhead doors and secured fenced yard storage for mixed-use operations.
      60 Lambert Road, Scottsville, KY 42164
      View Details
    • $349,900

      Turnkey Triplex Income Property

      Fully rented triplex with three units, each offering 2 bedrooms, 2 full baths, appliances, and private parking.
      796 Oliver Street, Scottsville, KY 42164
      View Details
    • $204,900

      Turnkey Fully Rented Duplex

      Well-maintained duplex with both units occupied, offering immediate rental income for an owner-occupant or investor.
      110 Allen Drive, Scottsville, KY 42164
      View Details
    • $159,900

      Equipped Church Building in Scottsville

      Move-in ready church with pews, instruments, and sound system.
      1021 Old Glasgow Road, Scottsville, KY 42164
      View Details
    • $3,000,000

      Agricultural Land Tract with Tillable Acres

      Extensive farm land with primarily open tillable acreage and timber, accessed from Holland Road with city water at the front.
      Farm Near 3000 Holland Road, Scottsville, KY 42164
      View Details
    • $135,999
      2,200 SF

      Scottsville Commercial Space For Sale

      Flexible commercial space ideal for retail or restaurant businesses.
      1137 Old Glasgow Road, Scottsville, KY 42164
      View Details
    • $449,900

      Versatile Commercial Property in Scottsville

      High-traffic commercial property with multiple business opportunities.
      509 E Main Street, Scottsville, KY 42164
      View Details
    • $234,900

      Turnkey Duplex With Both Units Rented

      Well-maintained duplex in Scottsville with both units occupied, offering rental income from day one.
      70 Shane Drive, Scottsville, KY 42164
      View Details
    • $625,000

      Turnkey Restaurant Business Opportunity

      Operating restaurant on a corner lot in Scottsville, Kentucky.
      111 Lois Moore Drive, Scottsville, KY 42164
      View Details
    • $355,000

      Historic Commercial Building in Scottsville

      Versatile commercial space with apartment and storage in Scottsville, KY.
      106 E Public Square, Scottsville, KY 42164
      View Details
    • $79,900

      Versatile Commercial Building in Scottsville

      Adaptable commercial building suitable for warehouse, auto repair, or retail.
      90 Lex Carter Circle, Scottsville, KY 42164
      View Details

    FAQs

    What type of property is this?
    Farm - 40.76 acre agricultural property in Scottsville, Kentucky.
    Where is this farm located?
    The property is located at 800 Mt Carmel Church Road Scottsville, KY.
    What is the asking price?
    The asking price for this property is $368,000.
    What are key features of this property?
    This property features: Buyer's agents welcome; Location coordinates provided
    (615) 561-4863
    We can help!
    Listing Contact
    Christopher Vernon
    Real Estate License ID: 290121
    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
    800 Mt Carmel Church Road, Scottsville, KY 42164
    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!