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    Somerset Warehouse For Sale/Lease

    74 Heritage Drive Somerset, KY 42501

    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Somerset, KY

    Property size:
    8,200 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $67/SF
    Added:
    Jan 2, 2026
    Days on Market:
    190
    Last Refresh:
    Jul 11 at 11:06 pm

    Property Features for 74 Heritage Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    063-1-3-77
    Size
    8,200 SF
    Lot size
    2.00 Acres

    Building Details

    Year built
    1970
    Roof type
    Metal

    Listing agent Kenneth Degrant License #244885

    Listing office High Point Realty & Auction 226 N 2nd St, Richmond, KY

    Listing date Jan 2, 2026

    MLS# 26000092

    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 is an 8,200 square foot warehouse available for lease or sale. The warehouse includes two 12-foot garage doors and ceiling heights ranging from 13 feet to 16 feet in the center. The property is zoned commercial. The warehouse area measures 71 feet by 78 feet. The lot size is 2 acres and is located in Somerset, KY.

    Key Highlights

    • 8200 sq ft warehouse suitable for lease or sale.
    • Zoned Commercial.
    • Two 12‑foot garage doors offer convenient access.

    Local Financial Insights For Warehouse

    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 $61.0k $7.44
    − Vacancy −$4.1k −$0.51
    EGI $56.9k $6.93
    − OpEx −$8.5k −$1.04
    NOI $48.3k $5.89
    8,200 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $690.4K
    $604.1K – $805.5K (±1% cap)
    NOI $48,331 @ 7.0% cap · market cap 8.79%
    Second Best
    Industrial
    $527.9K
    $461.9K – $615.9K (±1% cap)
    NOI $36,954 @ 7.0% cap · market cap 6.72%
    Theoretical Best
    Specialty Retail
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,790 @ 7.0% cap · market cap 17.78%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Tire Medic (Bike/Boat/Book/etc) Store Cumberland Tire Co ... Auto Parts Store Cumberland Container Sales ... Storage Facility All Secure Environmental ... Association Or Organization

    Suggested Use

    Dental Office Real Estate Agency Law Firm Garden Center Pharmacy (Bike/Boat/Book/etc) Store Spa & Massage Center Kitchen & Bath Showroom Cafe & Coffee Shop Carpet & Flooring Store

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

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    FAQs

    What type of property is this?
    Warehouse - 8,200 SF warehouse with high ceilings and commercial zoning.
    Where is this warehouse located?
    The property is located at 74 Heritage Drive Somerset, KY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 8200 sq ft warehouse suitable for lease or sale.; Zoned Commercial.; Two 12‑foot garage doors offer convenient access.
    Contact an agent
    (859) 200-2084
    We can help!
    Contact an agent
    Kenneth Degrant
    Kenneth Degrant
    Real Estate License ID: 244885
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