Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    983 Shrout Road Owingsville, KY 40360

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    97 acre Kentucky farm with barns and stocked pond.

    Type:Farm
    Lot size:
    97.00 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    155
    Last Refresh:
    Mar 31 at 8:24 am

    Property Features for 983 Shrout Road

    General Information

    Standard status
    Active
    Lot size
    97.00 Acres
    Property subtype
    Farm

    We can help!

    Listing Contact
    Brooke Otis Mullins

    Listing agent Brooke Otis Mullins

    Listing office RO&CO Real Estate

    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 RO&CO Real Estate

    Overview

    Kentucky Farm with Ranch Home

    This property spans approximately 97 acres and includes a ranch-style home featuring five bedrooms. The land is enhanced by three ponds, including one that is stocked. There are two horse barns, a tobacco barn, and a large equipment barn, all equipped with water and electric. The property is located minutes from downtown Owingsville and I-64.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Owingsville
    County
    Bath
    State
    Kentucky
    Longitude
    -83.77989
    Latitude
    38.102812

    Nearby Similar for Sale

    • $150,000
      2,400 SF

      Downtown Owingsville Metal Building

      2,400 SF metal building in downtown Owingsville, Kentucky.
      1-A Main Street, Owingsville, KY 40360
      View Details
    • $425,000

      Owingsville Land with Equestrian Potential

      Land with home, barn, workshop, and pasture near Owingsville.
      1053 Shrout Road, Owingsville, KY 40360
      View Details
    • $475,000

      Equestrian Property with Valley Views

      Two-story home with stables, event space, and scenic views.
      335 Jay Road, Owingsville, KY 40360
      View Details
    • $200,000
      2,275 SF

      Owingsville Commercial Property with Acreage

      Versatile commercial property on 5 acres with metal building.
      465 WEST HWY 36, Owingsville, KY 40360
      View Details
    • $599,000

      Equestrian Property with Barn and Track

      40-acre equestrian property featuring barn, stables, and horse track.
      313 Jay Road, Owingsville, KY 40360
      View Details
    • $334,900

      20 Acres Farm and Recreation

      Ranch home on 20 acres designed for farming and recreation.
      1039 Shrout Road, Owingsville, KY 40360
      View Details
    • $400,000

      Charming Farmhouse on 16 Acres

      Three-bedroom farmhouse on 16 acres with barn and outbuildings.
      589 Pergram Road, Owingsville, KY 40360
      View Details
    • $1,603,745
      10,640 SF

      New Dollar General Market Store

      New store built in 2022 with 13+ years remaining.
      720 Slate Ave, Owingsville, KY
      View Details
    • $1,603,745
      10,640 SF

      Dollar General Market Opportunity

      Dollar General Market built in 2022 on main retail corridor.
      720 Slate Avenue, Owingsville, KY 40360
      View Details
    • $250,000

      Kentucky Countryside Ranch on 10 Acres

      Charming ranch home on 10 acres in Bath County.
      3795 Kendall Springs Road, Owingsville, KY 40360
      View Details
    • $1,983,370
      12,480 SF

      Dollar General Market NNN Lease

      NNN lease Dollar General Market with 14+ years remaining.
      Preston Rd, Owingsville, KY
      View Details

    FAQs

    What type of property is this?
    Farm - 97 acre Kentucky farm with barns and stocked pond.
    Where is this farm located?
    The property is located at 983 Shrout Road Owingsville, KY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 97± acres suitable for a working farm, equestrian retreat, or private estate.; Spacious 5‑bedroom ranch‑style home connected to city water.; Multiple barns, including two horse barns, a tobacco barn, and a large equipment barn, all with water and electric.
    (859) 487-5670
    We can help!
    Listing Contact
    Brooke Otis Mullins
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!