Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27 Brians Way Somerset, KY 42501

    View on Map
    Sponsored
    For Lease
    $3,613 /Mo ($7 SF/Yr)

    COMMERCIAL - Somerset, KY

    Property size:
    6,000 SF
    Lot size:
    0.50 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 31 at 7:06 am

    Property Features for 27 Brians Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    0000000
    Parking features
    Open
    Size
    6,000 SF
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Linda Skaarup
    Linda Skaarup

    Eagle Realty & Development LLC

    Listing agent Linda Skaarup

    Listing date Mar 30, 2026

    MLS# 26006460

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Somerset Commercial Space For Rent

    This commercial property, available in May, features a total of 6,000 square feet, including approximately 1,200 square feet of office/retail area and 4,800 square feet of warehouse space. The warehouse includes two dock doors and one drive-in door. A fenced area is located on the side by the drive-in door. The property is situated in a location close to Highway 27 and the 914 Bypass. The lot size is 0.5 acres. The base rent is $3000 plus triple net.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.623485
    Latitude
    37.030942

    Nearby Similar for Lease

    • $14 SF/Yr
      3,600 SF

      Professional Office Space For Lease

      3,600 sq ft office space in Somerset, KY.
      401 Bogle St, Somerset, KY 42503
      View Details
    • $3,500 /Mo
      2,450 SF

      Downtown Somerset Office Suite Rental

      Centrally located office suite in downtown Somerset, Kentucky.
      100 Public Sq, Somerset, KY 42501
      View Details
    • $6,000 /Mo
      7,500 SF

      Prime Office Space Available

      First-floor office space in a high-traffic location.
      100 Public Sq, Somerset, KY 42501
      View Details
    • $18 SF/Yr
      2,032 SF

      Medical Office Space For Lease

      Office space in the heart of the medical community.
      220 Tower Cir, Somerset, KY 42503
      View Details
    • $1,200 /Mo
      Pending

      Versatile Commercial Building For Rent

      1,500 sq ft commercial building with private offices and open area.
      426 Ogden St, Somerset, KY 42501
      View Details
    • $3,200 /Mo
      1,547 SF

      Visible Retail Space in Somerset

      High-visibility retail space in a busy commercial area.
      2007 S Highway 27, Somerset, KY 42501
      View Details
    • $28 SF/Yr
      1,980 SF

      Medical Office Space For Lease

      Medical office space in the heart of the medical community.
      55 Medpark Sq Unit, Somerset, KY 42501
      View Details
    • $4,832 /Mo
      2,094 SF

      Medical Office Space For Lease

      Medical office space in the heart of the medical community.
      55 Medpark Sq Unit, Somerset, KY 42501
      View Details
    • $2,750 /Mo
      Pending

      Somerset Warehouse Space For Lease

      6,000 sq ft warehouse in a convenient Somerset location.
      480 University Dr, Somerset, KY 42503
      View Details
    • $2,650 /Mo
      6,000 SF

      Downtown Somerset Office Suite

      Spacious office suite in the heart of downtown Somerset.
      100 Public Sq Unit, Somerset, KY 42501
      View Details
    • $5,995 /Mo
      4,100 SF

      Retail Space on Highway 27

      Large retail space available for lease on Highway 27.
      4360 Unit, Somerset, KY 42501
      View Details
    • $3,000 /Mo
      3,000 SF

      Retail Space Near Somerset Mall

      3,000 sq ft retail space in high-traffic area for lease.
      4360 Unit, Somerset, KY 42501
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,000 SF commercial space with office and warehouse areas.
    Where is this flex space located?
    The property is located at 27 Brians Way Somerset, KY.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - 4,800 sq ft warehouse space; - Convenient location near Highway 27 and 914 Bypass; - Includes 1,200 sq ft office/retail area
    (606) 305-2699
    Request Owner's contact information
    27 Brians Way Somerset, KY 42501
    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.
    27 Brians Way
    Somerset, KY 42501
    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
    27 Brians Way Somerset, KY 42501
    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

    We can help!
    Listing Contact
    Linda Skaarup
    Linda Skaarup
    Real Estate License ID: 204046
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!