10-Unit Retail
New
For Sale
$1,200,000
285 Parkers Mill Way, Somerset, KY 42503
Commercial Sale, Somerset, KY
Property Size7,500 SF
Lot Size0.54 Acres
Price / SF$160
Days on Market2
Property Features for 285 Parkers Mill Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Rooms
Basement
Basement
Concrete
Directions
Take South Highway 27 toward Parkers Mill Road. Turn right onto Parkers Mill Way at the Speedway. Continue on Parkers Mill Way, the property is on the left.
Subdivision
901 - Southeast Pulaski County
Standard status
Active
APN
062-3-1-55.5
Size
7,500 SF
Lot size
0.54 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, storage
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
2006
Buildings
1
Listing Agency:
Keller Williams Commonwealth - Somerset · Keller Williams Realty
(859) 721-2121
Listed By:
Jordan Adkins · License #281523
(423) 539-1511
Added: Oct 30
Last Checked: Oct 31 at 9:06PM
MLS# 26030013
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,500-square-foot strip retail property contains 10 units: nine retail spaces and one storage unit. The building was remodeled in 2026 and was originally built in 2006. It occupies 0.54 acres and carries C zoning. Heat-pump heating and cooling, public sewer, and a basement are also part of the property.
The center is in Somerset near South Highway 27, where the reported daily traffic count exceeds 26,000 vehicles. Its layout combines retail space and dedicated storage within a single property.
The center is in Somerset near South Highway 27, where the reported daily traffic count exceeds 26,000 vehicles. Its layout combines retail space and dedicated storage within a single property.
Key Highlights
- 10 units: 9 retail spaces and 1 storage unit
- 7,500 square feet on 0.54 acres
- Remodeled in 2026; built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,495
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,900
$1.7M
Cap Rate 7%
$1,221,357
$1.2M
Cap Rate 9%
$949,944
$949.9K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$128.7K $17.16/SF
− Vacancy
−$6.6K −$0.88/SF
EGI
$122.1K $16.28/SF
− OpEx
−$36.6K −$4.89/SF
NOI
$85.5K $11.40/SF
Area
Pulaski County, KY
Vacancy
5.10%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,900
Cap Rate 7%
$1,221,357
Cap Rate 9%
$949,944
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,495 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,442 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Shops & Services 23%
Home Improvements & Furnishings 16%
Groceries 16%
Tractor Supply Co.
Home Improvements & Furnishings
19,839 visits/mo
0.3 miles
Aldi
Groceries
19,765 visits/mo
0.2 miles
JCPenney
Apparel
19,705 visits/mo
0.5 miles
Speedway
Shops & Services
15,522 visits/mo
0.2 miles
Wings & Rings
Dining
12,422 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The renovated center combines multiple retail spaces with separate storage near South Highway 27.
Where is this strip mall located?
The property is located at 285 Parkers Mill Way Somerset, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10 units: 9 retail spaces and 1 storage unit; 7,500 square feet on 0.54 acres; Remodeled in 2026; built in 2006
