Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    150 Bobby Mccandless Rd Edmonton, KY 42129
    Back to Search
    Property profile & analytics

    150 Bobby Mccandless Rd, Edmonton, KY 42129

    View on Map
    • Land
    • 5.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 150 Bobby Mccandless Rd

    Lot size
    5.74 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 5.74-acre hobby farm in Metcalfe County, Kentucky, presents a unique blend of rural living and recreational opportunities. The property boasts a charming, updated 2,000 sq ft farmhouse featuring 3 or 4 bedrooms and 2 full baths, with hardwood and tile floors. The main floor encompasses 1,500 sq ft, complemented by an additional 500 sq ft upstairs. A delightful country porch and large carport add to its appeal. All appliances, including a dishwasher, oven-stove, refrigerator, and washer/dryer, are included. The farm's infrastructure is robust, including a large barn, an equipment shed with a tack and machine room, and a chicken house. Three electric meters provide power to the house, barn, and shed. The land itself is highly versatile, currently utilized for hay production and livestock. Over 100 blueberry bushes and a 70-foot asparagus row thrive in the fertile soil, suitable for various crops, berries, and fruit trees. The property features fenced and cross-fenced pastures, multiple outside water hydrants, and a cave with running water. Located on a quiet dead-end road, this farm offers easy access to KY 70, providing quick connections to KY 68, KY 31E, Cave City, and I-65. Utilities include a newer septic system, SCRTC internet, Farmers RECC power, water district water, and natural gas availability. There are no zoning restrictions or building codes in the county. The area is rich in native wildlife, and numerous recreational lakes and rivers are within easy reach, including Green River Lake, Dale Hollow Lake, Barren River Lake, Cumberland Lake and River, and Nolin Lake. This property offers an idyllic setting for those seeking a peaceful country lifestyle with ample opportunities for farming, hunting, and outdoor recreation. Asking price: $249,500. Address: 150 Bobby McCandless Rd, Knob Lick, KY 42129.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edmonton
    County
    Metcalfe
    State
    Kentucky
    Longitude
    -85.5612
    Latitude
    37.0002

    Comparable in this City

    • Value Estimation by Request
      104.00 Acres

      236 Chapman Rd

      Farms
      236 Chapman Rd, Sulphur Well Historic District, KY 42129
      View Details
    • Value Estimation by Request
      31.00 Acres

      4755 Cedar Flat Curtis Rd

      Farms
      4755 Cedar Flat Curtis Rd, Edmonton, KY 42129
      View Details
    • Value Estimation by Request
      7.27 Acres

      8400 Subtle Rd

      Land
      8400 Subtle Rd, Edmonton, KY 42129
      View Details
    • Value Estimation by Request
      57.82 Acres

      1665 Reese Hurt Rd

      Land
      1665 Reese Hurt Rd, Edmonton, KY 42129
      View Details
    • Value Estimation by Request
      10.31 Acres

      455 Hubbard Cemetery Rd

      Land
      455 Hubbard Cemetery Rd, Edmonton, KY 42129
      View Details
    • Value Estimation by Request
      16.27 Acres

      8515 Subtle Rd

      Land
      8515 Subtle Rd, Edmonton, KY 42129
      View Details

    Similar Nearby for Sale

    • $239,900
      27.77 Acres

      Versatile Kentucky Countryside Land Parcel

      27.77 acres of pasture and wooded land in Edmonton, KY.
      4783 Randolph Rd, Edmonton, KY 42129
      View Details
    • $269,000
      1,175 SF

      Farm House on 20 Acres

      Residential farm with house on 20.31 acres in Edmonton.
      2121 Leatherwood Church Rd, Edmonton, KY 42129
      View Details
    • New
      $890,000
      3,836 SF

      Barndominium on 11 Acres

      Unique barndominium on 11 acres with stocked pond.
      1430 Mell Cork Rd, Edmonton, KY 42129
      View Details
    • Contact for pricing

      Metcalfe County Land with Potential

      Two-acre property with partially renovated mobile home near Edmonton.
      239 Scott Ridge Rd, Edmonton, KY 42129
      View Details
    • New
      $89,000
      12.90 Acres

      12.9 Acres in Edmonton, KY

      12.9 acres of land with open space and wooded privacy.
      Breeding Rd, Edmonton, KY 42129
      View Details
    • New
      $89,000
      12.90 Acres

      12.9 Acres in Edmonton, KY

      12.9 acres of land with creek near organic homestead.
      Breeding Rd, Edmonton, KY 42129
      View Details
    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.
    150 Bobby Mccandless Rd
    Edmonton, KY 42129
    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
    150 Bobby Mccandless Rd, Edmonton, KY, 42129
    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!