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    1625 Midway Rd Versailles, KY 40383
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    Property profile & analytics

    1625 Midway Rd, Versailles, KY 40383

    View on Map
    • Commercial real estate
    • 78.00 lot acres
    Off-Market
    Property ID
    US34-1056686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1625 Midway Rd

    Lot size
    78.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 78-acre property in Woodford County, Kentucky, presents a rare opportunity. The estate features a stunning 6,500 square-foot main residence boasting 12-foot ceilings, hardwood floors, original woodwork, and a recently updated first-floor master suite. Accompanying the main house are a two-bedroom brick guest house and an additional residence suitable for guests or employees. Equine facilities include an eight-stall horse barn, plank fencing, and strategically placed run-in sheds. Mature trees and landscaping enhance the property's beauty. Located on Midway Road, across from Lane's End Farm, this property offers unparalleled convenience and prestige. The property is being offered in "as-is" condition, with inspections welcomed. Note that an access easement benefiting the adjacent property is included in the title, and the land is part of the Bluegrass Land Conservancy. This property is offered for sale for the first time in decades. Features include crown molding, hardwood floors, fireplaces, en-suite bathrooms, laundry facilities, ample storage, and barns. The asking price is $3,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Woodford
    State
    Kentucky
    Longitude
    -84.7230936
    Latitude
    38.0893779

    Comparable in this City

    • New
      $499,900
      11.13 Acres

      Rural Hobby Farm Acreage

      11.128+/- acres with a barn, mature trees, and a scenic creek bed for flexible countryside use.
      7950 Mccowans Ferry Rd, Versailles, KY 40383
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      Versailles Farm with New Home

      12-acre farm with a new home under construction.
      Unknown, Versailles, KY 40383
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      Versailles Homestead with Two Homes

      49.7-acre homestead with two homes, outbuildings, and peaceful setting.
      3890 Oregon Rd, Versailles, KY 40383
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    • $345,000
      Pending

      Versailles, KY Building Lot

      Building lot near town, backs to golf course.
      250 Mcfall Ln, Versailles, KY 40383
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    • Contact for pricing

      Versailles Agricultural Land for Development

      75.98 acres of agricultural land ideal for development.
      1740 Troy Pike, Versailles, KY 40383
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    • $180,000
      2.40 Acres

      Versailles Land for Residential Development

      2.4 acre residential land with road frontage in Versailles, KY.
      9 Fords Mill Rd, Versailles, KY 40383
      View Details

    Similar Nearby for Sale

    • New
      $499,900
      11.13 Acres

      Rural Hobby Farm Acreage

      11.128+/- acres with a barn, mature trees, and a scenic creek bed for flexible countryside use.
      7950 Mccowans Ferry Rd, Versailles, KY 40383
      View Details
    • Contact for pricing

      Versailles Farm with New Home

      12-acre farm with a new home under construction.
      Unknown, Versailles, KY 40383
      View Details
    • Contact for pricing

      Versailles Homestead with Two Homes

      49.7-acre homestead with two homes, outbuildings, and peaceful setting.
      3890 Oregon Rd, Versailles, KY 40383
      View Details
    • $345,000
      Pending

      Versailles, KY Building Lot

      Building lot near town, backs to golf course.
      250 Mcfall Ln, Versailles, KY 40383
      View Details
    • Contact for pricing

      Versailles Agricultural Land for Development

      75.98 acres of agricultural land ideal for development.
      1740 Troy Pike, Versailles, KY 40383
      View Details
    • $180,000
      2.40 Acres

      Versailles Land for Residential Development

      2.4 acre residential land with road frontage in Versailles, KY.
      9 Fords Mill Rd, Versailles, KY 40383
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versailles Outlot on Lexington Road

      0.914 AC outlot on US 60 for sale/ground lease.
      3620 Lexington Rd, Versailles, KY 40383
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    • Contact for pricing

      Versailles Outlot on Lexington Road

      0.914 AC outlot for sale or ground lease.
      3620 Lexington Rd, Versailles, KY 40383
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      Versailles Shopping Center Space Available

      Retail and office spaces for lease in Woodford Plaza.
      480 Lexington Rd, Versailles, KY 40383
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    • Contact for pricing

      Highway 60 Accessible Fenced Site

      Located on Highway 60 with rail infrastructure and fenced site.
      900 Tyrone Pike, Versailles, KY 40383
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    • $7 SF/Yr
      26,943 SF

      Industrial Space in Versailles, KY

      Industrial space for lease with planned renovations and convenient location.
      93 Industry Dr, Versailles, KY 40383
      View Details
    • $10 SF/Yr
      9,250 SF

      Versailles Office and Warehouse Space

      9,250 SF office and warehouse space available for lease.
      250 Crossfield Dr, Versailles, KY 40383
      View Details
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    Versailles, KY 40383
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    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
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