Furnished Riverfront Short-Term
For Sale
$497,500
125 Dogwood Drive, Somerset, KY 42501
Business Opportunity, Somerset, KY
Property Size3,436 SF
Lot Size0.71 Acres
Price / SF$144.79
Days on Market50
Property Features for 125 Dogwood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Subdivision
Rural
Directions
From 914 bypass turn on Hwy 769 and follow approx 7.2 miles. Make a sligh right on Omega-Buck Creek Dock Rd/Omega Park Rd. for 4.2 miles. Make a right on Dogwood Dr. property is on the left. No sign is out
Standard status
Active
APN
095-7-0-41
Size
3,436 SF
Lot size
0.71 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Electric, Heat Pump
Building Details
Year built
1985
Listing Agency:
CENTURY 21 Advantage Realty
(606) 451-1021
Listed By:
Jessica C Vincent
(606) 271-1175
Added: Jul 8
Changed: Aug 22
Last Checked: Aug 26 at 12:06PM
MLS# 26016785
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 furnished short-term rental property offers 3,436 square feet with five bedrooms and three bathrooms. Built in 1985, the home includes an updated kitchen and updated bathrooms, hardwood flooring across the first floor, and travertine marble finishes on the terrace level. Heat pump heating and cooling systems are installed.
The property occupies 0.713 acres along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. Its recreational setting supports boating, fishing, kayaking, and related outdoor use. Furniture is included with the sale, providing a furnished residential property suited to vacation occupancy or personal use.
The property occupies 0.713 acres along the Cumberland River and is less than 1,500 feet from the Omega Park boat ramp. Its recreational setting supports boating, fishing, kayaking, and related outdoor use. Furniture is included with the sale, providing a furnished residential property suited to vacation occupancy or personal use.
Key Highlights
- 3,436‑square‑foot home with 5 bedrooms and 3 bathrooms
- Furnished property with updated kitchen and bathrooms
- 0.713 acres situated along the Cumberland River
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,820
$466.8K
Cap Rate 7%
$333,443
$333.4K
Cap Rate 9%
$259,344
$259.3K
Market Conditions
NOI Build-Up for 3,436 SF
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.
Gross rent
$44.5K $12.96/SF
− Vacancy
−$2.1K −$0.61/SF
EGI
$42.4K $12.35/SF
− OpEx
−$19.1K −$5.56/SF
NOI
$23.3K $6.79/SF
Area
Pulaski County, KY
Vacancy
4.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,820
Cap Rate 7%
$333,443
Cap Rate 9%
$259,344
Alternative Uses
Best Use
Apartment 5plus
$333.4K
$291.8K – $389.0K
NOI $23,341 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$585.4K
$512.2K – $682.9K
NOI $40,976 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 42501, KY
18,047
Population
8,039
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
84%
High-School Grad
199.7 sq mi
ZIP Area
90
Density / Sq Mi
$49,449
Median Household Income
$38,121
Median Earnings
$808
Median Rent
$131,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Updated recreational-area home with turnkey furnishings and direct access to boating and other outdoor activities.
Where is this short term rental property located?
The property is located at 125 Dogwood Drive Somerset, KY.
What is the asking price?
The asking price for this property is $497,500.
What are key features of this property?
This property features: 3,436‑square‑foot home with 5 bedrooms and 3 bathrooms; Furnished property with updated kitchen and bathrooms; 0.713 acres situated along the Cumberland River
