Somerset Medical Office Building For
154 Bogle Office Park Dr, Somerset, KY 42503
10,000 SF medical office building in Somerset, Kentucky.
Type:Office
Property size:
10,000 SFPrice / SF:
$150/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 5 at 10:39 pm
Property Features for 154 Bogle Office Park Dr
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agent Zach Smith, CCIM License ##183529 (859) 224-2000
Listing office (859) 224-2000
Listing date Nov 21, 2025
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Zach Smith, CCIM
HighLights
- Freestanding 10,000 SF medical office building.
- Great location near Lake Cumberland Regional Hospital and other medical, office, retail, and restaurant locations.
- Well‑suited for an owner‑occupant.
- Located in Somerset, KY, serving a regional trade area population of 195,000.
- Existing layout includes a mix of private offices and meeting rooms.
- 43 parking spaces.
Overview
A 10,000 SF freestanding medical office building is available for sale in Somerset. The property is located near Lake Cumberland Regional Hospital and is zoned commercial. The building contains approximately 5,000 SF on the entry level and 5,000 SF on the lower level. The existing layout includes a mix of private offices and meeting rooms. With 43 parking spaces, the property is well-suited for an owner-occupant. The location offers close proximity to medical facilities, offices, retail establishments, and restaurants, making it an ideal medical or office location. Somerset is located on US Hwy 27, 73 miles south of Lexington, KY, and 129 miles north of Knoxville, TN. It is situated at the convergence of Knox, Laurel, and Whitley Counties, serving a regional trade area population of 195,000 plus. Lake Cumberland also provides considerable tourist and weekend shoppers.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.02M
NOI $91,834 @ 9.00% cap · cautious / downside scenario
Moderate
$1.31M
NOI $91,834 @ 7.00% cap · market / base-case scenario
Aggressive
$1.84M
NOI $91,834 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.4k | $16.44 |
| − Vacancy | −$11.3k | −$1.13 |
| EGI | $153.1k | $15.31 |
| − OpEx | −$61.2k | −$6.12 |
| NOI | $91.8k | $9.18 |
10,000 SF · lease $16.44/SF/yr · vacancy 6.90% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.31M
$1.15M – $1.53M
NOI $91,834 @ 7.0% cap · market cap 6.12%
Second Best
Office B
$1.26M
$1.11M – $1.47M
NOI $88,441 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,256 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Brenda Jean Jobson, ...
Physician
Dr. Jose A. Cardenas
Physician
Stacey Strunk, APRN
Physician
Husted John D ...
Physician
Bluegrass Bariatric Surgical
Physician
Similar Places Nearby
- Lake Cumberland Animal Hospital — 361 Langdon St STE A, Somerset, KY 42503
- Greenwell Eric DVM — 361 Langdon St, Somerset, KY 42503
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Pulaski
- State
- Kentucky
- Longitude
- -84.6245
- Latitude
- 37.0866
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 10,000 SF medical office building in Somerset, Kentucky.
Where is this medical office space located?
The property is located at 154 Bogle Office Park Dr Somerset, KY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding 10,000 SF medical office building.; Great location near Lake Cumberland Regional Hospital and other medical, office, retail, and restaurant locations.; Well‑suited for an owner‑occupant.
