Multi-Tenant Office Building with
4821 S Highway 27 Somerset, KY 42501
For Sale
$699,000
COMMERCIAL - Somerset, KY
Property Size6,254 SF
Lot Size0.67 Acres
Price / SF$111.77
Days on Market14
Property Features for 4821 S Highway 27
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 063-1-1-89
- Size
- 6,254 SF
- Lot size
- 0.67 Acres
Building Details
- Year built
- 1970
Listing Agency:
CENTURY 21 Advantage Realty
(606) 451-1021
Listed By:
J Daniel Hicks · License #222060
(606) 416-4660
Added: Jul 12
Last Checked: Jul 25 at 10:06AM
MLS# 26017836
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.
Investment Insights
Based on property information with market context.
This versatile commercial property in Somerset, KY includes four large commercial spaces along with multiple private offices, common-area restrooms, secure vault rooms, and garage/storage space. The building is configured with multiple entrances to support flexible access across the different spaces.
The property is positioned with excellent Hwy 27 frontage and high visibility. It also features a large, updated apartment with a private entrance, suitable for an owner/manager or additional rental income.
Recent improvements include a new roof and gutters installed within the last 12 months. An additional lot with a billboard is available for purchase with the property.
The property is positioned with excellent Hwy 27 frontage and high visibility. It also features a large, updated apartment with a private entrance, suitable for an owner/manager or additional rental income.
Recent improvements include a new roof and gutters installed within the last 12 months. An additional lot with a billboard is available for purchase with the property.
Key Highlights
- 1970‑built commercial property with four large commercial spaces and multiple private offices
- Excellent Hwy 27 frontage with high‑visibility access, plus multiple entrances and common‑area restrooms
- Includes secure vault rooms and garage/storage space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.6k | $13.68 |
| − Vacancy | −$11.8k | −$1.89 |
| EGI | $73.7k | $11.79 |
| − OpEx | −$18.4k | −$2.95 |
| NOI | $55.3k | $8.84 |
6,254 SF · lease $13.68/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$790.2K
$691.4K – $921.9K
NOI $55,311 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$1.07M
$932.3K – $1.24M
NOI $74,583 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Four commercial spaces plus a private-entrance apartment, with private offices, restrooms, vault rooms, and garage/storage.
Where is this office units located?
The property is located at 4821 S Highway 27 Somerset, KY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1970‑built commercial property with four large commercial spaces and multiple private offices; Excellent Hwy 27 frontage with high‑visibility access, plus multiple entrances and common‑area restrooms; Includes secure vault rooms and garage/storage space
