Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nobob Rd Glasgow, KY 42141
    Back to Search
    Property profile & analytics

    Nobob Rd, Glasgow, KY 42141

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

    Current Use by Public Records

    • Land

    Property Details for 0 Nobob Rd

    Lot size
    29.99 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 30-acre property in Barren County, Kentucky, presents a unique investment opportunity. Strategically located on both sides of NoBob Road in Glasgow (zip code 42141), the land is divided into two parcels: 4.21 acres and 25.43 acres. The property boasts Glover Creek frontage, offering tranquil water access ideal for fishing and enjoying nature. Mature trees and diverse terrain create a picturesque setting, perfect for a peaceful retreat. The land features fertile soil, historically used for cropland, and abundant wildlife, making it a prime location for deer and turkey hunting. Multiple building sites are available, allowing for the construction of a home or other structures. This property offers a blend of recreational opportunities and potential for agricultural development. Its convenient location, within driving distance of Nashville and Louisville airports, provides easy access to urban amenities while maintaining a secluded rural atmosphere. The asking price is $195,000. This is a rare chance to own a versatile property with significant potential in a desirable Kentucky location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.7852
    Latitude
    36.8781

    Comparable in this City

    • Value Estimation by Request
      29.00 Acres

      2660 Lick Branch Rd

      Farms
      2660 Lick Branch Rd, Glasgow, KY 42141
      View Details
    • Value Estimation by Request

      3 Carroll Knicely Dr

      Land
      3 Carroll Knicely Dr, Glasgow, KY 42141
      View Details
    • Value Estimation by Request
      0.52 Acres

      15 Deans Trace Rd

      Land
      15 Deans Trace Rd, Glasgow, KY 42141
      View Details
    • Value Estimation by Request
      25.00 Acres

      Girl Scout Rd

      Land
      0 Girl Scout Rd, Glasgow, KY 42141
      View Details
    • Value Estimation by Request

      Carroll Knicely Dr

      Land
      0 Carroll Knicely Dr, Glasgow, KY 42141
      View Details
    • Value Estimation by Request
      5.93 Acres

      12605 Scottsville Rd

      Land
      12605 Scottsville Rd, Haywood, KY 42141
      View Details

    Similar Nearby for Sale

    • $1,343,000
      158.00 Acres

      158 Acres of Kentucky Countryside

      158-acre farm with natural resources near Glasgow, Kentucky.
      Xxxx Willie Groce Rd, Glasgow, KY 42141
      View Details
    • $135,000
      11.00 Acres

      Barren County Acreage with Barn

      11.7 acre tract with barn near Glasgow, Kentucky.
      850 Potato Cave Rd, Glasgow, KY 42141
      View Details
    • $209,900
      1,542 SF

      Residential Farm in Convenient Location

      Spacious home with detached garage/workshop, perfectly positioned near amenities.
      1432 Dearing Rd, Glasgow, KY 42141
      View Details
    • $275,000
      1,120 SF

      Residential Farm on 10 Acres

      Charming 3-bedroom home on 10 acres in Glasgow, KY.
      2517 Lecta Kino Rd, Glasgow, KY 42141
      View Details
    • $174,000
      19.40 Acres

      19-Acre Farm in Rural Setting

      19-acre farm with open land, woodland, springs, and creek.
      19.4 Acres Glover Rd, Glasgow, KY 42141
      View Details
    • $169,900
      941 SF

      Renovated Home Near Local Amenities

      Updated two-bedroom home with modern amenities and convenient location.
      201 Georgetown Ln, Glasgow, KY 42141
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Glasgow, KY

      Located in a bustling commercial district near Glasgow Shopping Center.
      621 Happy Valley Rd, Glasgow, KY 42141
      View Details
    • Contact for pricing

      Large Retail Center in Glasgow

      Retail leasing opportunities in Glasgow's largest shopping center.
      378 N L Rogers Wells Blvd, Glasgow, KY 42141
      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.
    Nobob Rd
    Glasgow, KY 42141
    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
    Nobob Rd, Glasgow, KY, 42141
    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!