Listing Agency: Matthews

Listed By: Ryan Burke · License #412701

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 4:13PM

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Investment Insights

Based on property information with market context.

This office building is fully occupied by a national tenant and carries an 8.75% cap rate. The property is located at 115 Trade Park Dr in Somerset, Kentucky.

Key Highlights

• Fully occupied office building
• National tenant
• 8.75% cap rate

Property Analytics

Property Profile

Current Use

Cumberland Physical Therapy ... Physician Lori Chinn Physician David D. Escobar, ... Physician

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Garden Center Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,245

Businesses Nearby

Explore this area Business Placement

Demographics for 42503, KY

24,670

Population

11,588

Households

2.1

Avg Household Size

42

Median Age

23%

College-Educated

85%

High-School Grad

129.5 sq mi

ZIP Area

191

Density / Sq Mi

$53,377

Median Household Income

$35,319

Median Earnings

$873

Median Rent

$198,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building with national tenancy, full occupancy, and an 8.75% cap rate.

Where is this office building located?

The property is located at 115 Trade Park Dr Somerset, KY.

What are key features of this property?

This property features: Fully occupied office building; National tenant; 8.75% cap rate