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

    Tract 2 Shain Dr Bardstown, KY 40004

    View on Map
    Claim this Listing
    For Sale
    $435,000

    LAND - Bardstown, KY

    Lot size:
    44.50 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    66
    Last Refresh:
    May 4 at 9:06 pm

    Property Features for Tract 2 Shain Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    48000-00-105.01
    Lot size
    44.50 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Bailey R Mashburn

    Listing agent Bailey R Mashburn License #273182

    Listing office Area One Realty, LLC 106 N Fourth Street, Bardstown, KY

    Listing date Feb 27, 2026

    MLS# 1710114 Listing URL

    Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bardstown Land with Stocked Ponds

    This 44.5-acre property, located just outside Bardstown, Kentucky, is suited for recreation, hunting, or residential development. The land includes two large stocked ponds suitable for fishing, a perimeter walking path, and multiple internal trails that facilitate access by foot or ATV. The property's rolling terrain offers potential building sites. An underground cave system is accessible on the property. Public water has been brought to the middle of the property. The land is a habitat for abundant wildlife, making it a potential hunting tract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bardstown
    County
    Nelson
    State
    Kentucky
    Longitude
    -85.4724
    Latitude
    37.7964

    Nearby Similar for Sale

    • $850,000

      Bardstown Land in Prime Location

      Vacant land in historic downtown Bardstown, Kentucky.
      613 N 3rd Street, Bardstown, KY 40004
      View Details
    • $309,900

      Bardstown Commercial Lots For Sale

      Three commercial lots totaling 1.17 acres in Bardstown, KY.
      Lot 39-41 Pennebaker Avenue, Bardstown, KY 40004
      View Details
    • $485,000

      Bardstown Commercial Land For Sale

      1.35 acre building lot in historic Bardstown, Kentucky.
      945 Chambers Blvd, Bardstown, KY 40004
      View Details
    • $60,000

      Bardstown, KY Land For Sale

      Commercial land available in Bardstown, Kentucky.
      914 Woods Run Rd, Bardstown, KY 40004
      View Details
    • $100
      1,296 SF

      Bardstown Farm/Estate Auction

      37-acre farm with house and building lots for sale.
      750 Terrapin Lane, Bardstown, KY 40004
      View Details
    • $1,800,000
      640 SF

      Hunter's Paradise with Cabin

      73 acres with cabin near Bourbon Trail and Bernheim Forest.
      Barnes Road, Bardstown, KY 40004
      View Details
    • $55,000

      Residential Lot in Oak Knoll

      0.94-acre building lot near Bardstown, Kentucky with utilities.
      Oak Knoll Drive, Bardstown, KY 40004
      View Details
    • $55,000

      Residential Lot in Oak Knoll

      0.94-acre building lot near historic Bardstown, Kentucky.
      29 Oak Knoll Dr unit: 29, Bardstown, KY 40004
      View Details
    • $60,000

      Residential Land in Bardstown, KY

      Residential lot suitable for building a home in Bardstown.
      916 Woods Run Rd, Bardstown, KY 40004
      View Details
    • $60,000

      Residential Land in Bardstown, KY

      Residential lot suitable for building a home in Bardstown.
      926 Woods Run Rd, Bardstown, KY 40004
      View Details
    • $1,475,000

      Buildable Land in Bardstown, Kentucky

      Nearly 11 acres of buildable land within city limits.
      1107 N 3rd St, Bardstown, KY 40004
      View Details
    • $355,000

      Bardstown Commercial Lot For Sale

      Commercial lot in a business district with highway views.
      Lot 1 Manor Avenue, Bardstown, KY 40004
      View Details

    FAQs

    What type of property is this?
    Recreation land - 44.5 acres near Bardstown with ponds and trails.
    Where is this recreation land located?
    The property is located at Tract 2 Shain Dr Bardstown, KY.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: 44.5 acres ideal for recreation, hunting, or building; Two large stocked ponds offer fishing and scenic views; Public water already brought to the property
    (502) 252-1714
    We can help!
    Listing Contact
    Bailey R Mashburn
    Real Estate License ID: 273182
    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

    Thank You for Inquiry
    Tract 2 Shain Dr, Bardstown, KY 40004
    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!