Building Details

Year built 2025

Floors in Building 1

Roof type Metal

Listing Agency: Weichert Realtors Ford Brothers, Inc. m***@fordbrothersinc.com Show Phone

Listed By: Tammy Goff Show Phone

Added: Oct 22 Last Checked: Oct 22 at 8:06PM

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MLS# 26029231

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.

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Investment Insights

Based on property information with market context.

Built in 2025, this 3,700-square-foot warehouse property includes a 20-by-60-foot office area and a 40-by-60-foot warehouse. Four garage doors allow vehicles to pass through the building. The office has spray foam insulation and epoxy concrete floors, while the warehouse is insulated with roll insulation. Interior amenities include a conference room, two restrooms, and a small kitchen. Heating is provided by a heat pump, with central air conditioning. The property has a metal roof, septic tank, and two breaker boxes rated at 100 amps and 200 amps. The sale includes two lots totaling 6.14 acres, zoned C.

Key Highlights

• Four garage doors support drive‑through movement within the warehouse
• 3,700‑square‑foot building on 6.14 acres
• Office area measures 20x60 feet; warehouse measures 40x60 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,808

Cap Rate

4.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$436,160 $436.2K

Cap Rate 7%

$311,543 $311.5K

Cap Rate 9%

$242,311 $242.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$27.5K $7.44/SF

− Vacancy

−$1.9K −$0.51/SF

EGI

$25.7K $6.93/SF

− OpEx

−$3.8K −$1.04/SF

NOI

$21.8K $5.89/SF

Area

Pulaski County, KY

Vacancy

6.80%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$436,160

Cap Rate 7%

$311,543

Cap Rate 9%

$242,311

Alternative Uses

Best Use

Warehouse

$311.5K

$272.6K – $363.5K (±1% cap)

NOI $21,808 @ 7.0% cap · market cap 4.84%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$630.4K

$551.6K – $735.4K (±1% cap)

NOI $44,125 @ 7.0% cap · market cap 9.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Building Supply Storage Facility Hair Salon Kitchen & Bath Showroom Nail Salon Computer & Electronic Repair

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

Lease Details

4

Drive-in doors

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - A separate office and conference room complement the insulated warehouse space.

Where is this warehouse located?

The property is located at 201 Lonnie Stringer Road Somerset, KY.

What is the asking price?

The asking price for this property is $450,500.

What are key features of this property?

This property features: Four garage doors support drive‑through movement within the warehouse; 3,700‑square‑foot building on 6.14 acres; Office area measures 20x60 feet; warehouse measures 40x60 feet