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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    931 Cropper Rd Shelbyville, KY 40065

    • Commercial real estate
    • 314.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1888106
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 931 Cropper Rd

    Lot size
    314.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 314-acre agricultural property presents a significant investment opportunity in Shelby County, Kentucky. Strategically located just three miles north of Interstate 64, off KY 53, this land offers unparalleled accessibility and proximity to the thriving Shelbyville Industrial Park. The property is zoned A, allowing for a variety of agricultural uses. Its expansive size provides ample room for diverse farming operations or potential future development, subject to local zoning regulations. The address is 931 Cropper Rd, Shelbyville, KY 40065. Detailed soil surveys and further information on permitted uses are available upon request. Given its location and size, this land parcel represents a rare opportunity to acquire a substantial holding in a rapidly developing area. The asking price for this significant landholding is $20,410,000. Interested parties are encouraged to conduct their own due diligence to verify all aspects of the property and its suitability for their intended purposes. The geographic coordinates are 38.23026 latitude and -85.1918171 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.1918171
    Latitude
    38.23026

    Comparable in this City

    • $459,900

      5 Acre Mini Farm

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    • New
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      33.54 Acres in Shelbyville, KY

      33.54 acre tract with lake, suitable for horses.
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    • $2,250,000
      13.46 Acres

      Kentucky Horse Farm & B&B

      Historic Estate, Turnkey Operation
      575 Moody Pike, Shelbyville, KY 40065
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    • $849,000
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      Shelbyville Land with Lake Cottage

      28 acres with lake, cottage, and caboose near horse farms.
      5976 Eminence Pike, Shelbyville, KY 40065
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    • $1,950,000
      34.78 Acres

      Luxury Country Estate on Acres

      Spacious 5-bedroom estate on 34.78 acres in Shelbyville, KY.
      517 Aiken Rd, Shelbyville, KY 40065
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    • New
      $379,500
      24.02 Acres

      Shelbyville Land with Barns

      24.01 acres with two barns in Shelbyville, Kentucky.
      200 Flood Rd, Shelbyville, KY 40065
      View Details

    Similar Nearby for Sale

    • $459,900

      5 Acre Mini Farm

      Move-in ready mini farm with barn and garage space.
      610 Heinsville Rd, Shelbyville, KY 40065
      View Details
    • New
      $499,000
      33.54 Acres

      33.54 Acres in Shelbyville, KY

      33.54 acre tract with lake, suitable for horses.
      300 Flood Rd, Shelbyville, KY 40065
      View Details
    • $2,250,000
      13.46 Acres

      Kentucky Horse Farm & B&B

      Historic Estate, Turnkey Operation
      575 Moody Pike, Shelbyville, KY 40065
      View Details
    • $849,000
      28.00 Acres

      Shelbyville Land with Lake Cottage

      28 acres with lake, cottage, and caboose near horse farms.
      5976 Eminence Pike, Shelbyville, KY 40065
      View Details
    • $799,000
      35.22 Acres

      Shelbyville Land with Large Barn

      35+ acre horse property with barn near I-64.
      6692 Hempridge Rd, Shelbyville, KY 40065
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    • $499,000
      Pending

      Shelbyville Land with Farmhouse Charm

      20+ acre property with a charming 3-bedroom farmhouse.
      206 Jail Hill Rd, Shelbyville, KY 40065
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    Similar Nearby for Lease

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      Shelbyville Retail Space For Lease

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    • Contact for pricing
      94,588 SF

      Village Plaza Retail Center

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    • $10 SF/Yr
      14,735 SF

      Freestanding Building on Midland Trail

      Freestanding building with high frontage and convenient access.
      1605 Midland Trl, Shelbyville, KY 40065
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    931 Cropper Rd
    Shelbyville, KY 40065
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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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