Prime Commercial Land on
1084 S Highway 27 Somerset, KY 42501
For Sale
$2,200,000
LAND - Somerset, KY
Property Size25,000 SF
Lot Size2.20 Acres
Price / SF$88
Days on Market385
Property Features for 1084 S Highway 27
General Information
Property type
Land
Property subtype
Other
Standard status
Active
APN
061-5-1-43
Size
25,000 SF
Lot size
2.20 Acres
Utilities
Utilities
Natural Gas Available
Listing Agency:
No Wake Real Estate
(606) 753-9253
Listed By:
Brandon Davis · License #271972
(606) 802-0123
Added: Jul 9, 2025
Changed: May 9
Last Checked: Jul 28 at 7:06AM
MLS# 25014938
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 2.2-acre commercial tract is strategically positioned on Highway 27, the most heavily traveled road in Somerset. It features a large 25,000+/- sq ft building with high visibility and accessibility. The property is surrounded by high-traffic anchors such as Walmart, Lowe's, major car dealerships, restaurants, and the regional hospital. Zoned for commercial use and equipped with sewer and natural gas, the site is suitable for entertainment, retail, medical, or distribution operations. The existing structure can be repurposed or removed to suit redevelopment needs. The property includes expansive parking and easy ingress/egress, with ample room for large truck circulation. Located in the heart of Somerset's commercial district, this property offers high traffic counts and surrounding synergy.
Key Highlights
- Prime location on Somerset's busiest highway (Highway 27) with exceptional visibility and access.
- Large 2.2‑acre commercial tract with a 25,000+\/- sq ft building.
- Surrounded by high‑traffic anchors including Walmart, Lowe's, car dealerships, restaurants, and the regional hospital.
Financial Insights For Industrial
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 | $174.0k | $6.96 |
| − Vacancy | −$13.1k | −$0.52 |
| EGI | $161.0k | $6.44 |
| − OpEx | −$48.3k | −$1.93 |
| NOI | $112.7k | $4.51 |
25,000 SF · lease $6.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.07M
$3.56M – $4.75M
NOI $284,985 @ 7.0% cap · market cap 12.95%
Second Best
Office B
$3.16M
$2.76M – $3.69M
NOI $221,103 @ 7.0% cap · market cap 10.05%
Theoretical Best
Specialty Retail
$4.26M
$3.73M – $4.97M
NOI $298,139 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - 2.2-acre commercial tract on Somerset's busiest highway.
Where is this commercial land located?
The property is located at 1084 S Highway 27 Somerset, KY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location on Somerset's busiest highway (Highway 27) with exceptional visibility and access.; Large 2.2‑acre commercial tract with a 25,000+\/- sq ft building.; Surrounded by high‑traffic anchors including Walmart, Lowe's, car dealerships, restaurants, and the regional hospital.
