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    3399 Nashville Rd Franklin, KY 42134
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    3399 Nashville Rd Franklin, KY 42134

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    • Agricultural land / Farmland
    • 1,702 SF
    For Sale
    $1,800,000
    View Listing →
    Prime Acres Near I-65 For Sale
    $1,800,000
    1,702 SF

    Prime Acres Near I-65

    56.84 +/- acres near I-65 entrance ramp.

    3399 Nashville Rd, Franklin, KY 42134
    View Listing
    Property ID
    US34-1571694
    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

    • Agricultural land / Farmland

    Property Details for 3399 Nashville Rd

    Year built
    1993
    Property size
    1,702 SF
    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    Great investment opportunity! 56.84 +/- prime acres right near I-65 entrance ramp! Excellent location and easy access to Bowling Green, Kentucky and Nashville, Tennessee. Occupied farmhouse on property. Please schedule showing before viewing.

    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
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.559848
    Latitude
    36.674366

    Comparable in this City

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    • $964,200
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      64 Acres Farmland in Franklin

      Picturesque 64-acre farmland, ideal for farming or dream home.
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      100.00 Acres

      Productive Cropland and Buildable Homesites

      Auction featuring cropland, income potential, and rural residential homesites.
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    • New
      $199,900
      13.74 Acres

      13.74 Acres in Simpson County

      13.74 acres of row crop land for sale.
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    • New
      $239,900
      10.84 Acres

      Franklin, KY Acreage For Sale

      10.84 acres of land available in Franklin, Kentucky.
      10.84 Acres Robert Williams Rd, Franklin, KY 42134
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    • $3,656,250
      112.50 Acres

      Farmland with Development Potential

      112.5 acres of farmland near Franklin city limits.
      00 Witt Rd, Franklin, KY 42134
      View Details

    Similar Nearby for Sale

    • $225,000
      19.20 Acres

      Franklin, KY Agricultural Land

      19.2 acres of land with storage barn.
      00 Charlie Butts Rd, Franklin, KY 42134
      View Details
    • $964,200
      64.28 Acres

      64 Acres Farmland in Franklin

      Picturesque 64-acre farmland, ideal for farming or dream home.
      2274 Upper Prices Mill Rd, Franklin, KY 42134
      View Details
    • Contact for pricing
      100.00 Acres

      Productive Cropland and Buildable Homesites

      Auction featuring cropland, income potential, and rural residential homesites.
      687 Sulphur Spring Church Rd, Franklin, KY 42134
      View Details
    • New
      $199,900
      13.74 Acres

      13.74 Acres in Simpson County

      13.74 acres of row crop land for sale.
      Neosheo Prices Mill Rd, Franklin, KY 42134
      View Details
    • New
      $239,900
      10.84 Acres

      Franklin, KY Acreage For Sale

      10.84 acres of land available in Franklin, Kentucky.
      10.84 Acres Robert Williams Rd, Franklin, KY 42134
      View Details
    • $3,656,250
      112.50 Acres

      Farmland with Development Potential

      112.5 acres of farmland near Franklin city limits.
      00 Witt Rd, Franklin, KY 42134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      250,000 SF

      Franklin Warehouse with Ample Docking

      250,000 SF warehouse with office space for lease.
      81 Page Dr, Franklin, KY 42134
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    • $90 SF/Yr
      240,323 SF

      Franklin KY Warehouse - 240,323 SF

      Large Kentucky warehouse space available.
      4720 Bowling Green Rd, Franklin, KY 42134
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    • Contact for pricing

      Prime Retail Space in Franklin

      Versatile storefront with high visibility in Franklin, Kentucky.
      520 N Main St, Franklin, KY 42134
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    • Contact for pricing

      Land for Rent

      Single tenant land available for rent.
      South Behind Frisch’s, Frankfort, KY 42134
      View Details
    View Listing
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    3399 Nashville Rd
    Franklin, KY 42134
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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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