Office Building with Finished
311 Langdon Street, Somerset, KY 42503
For Sale
$519,900
Commercial Sale, Somerset, KY
Property Size3,287 SF
Lot Size0.60 Acres
Price / SF$158.17
Days on Market181
Property Features for 311 Langdon Street
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Heating system
Cooling system
Building Details
Buildings
Listing Agency:
Keller Williams Commonwealth - Somerset · Keller Williams Realty
(859) 721-2121
Listed By:
Nathanael Sears
(606) 425-6632
Added: May 14
Changed: Nov 2
Last Checked: Nov 10 at 11:06PM
MLS# 26010942
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.
This office property contains 3,287 square feet of building area on a 0.6-acre parcel. The main facility includes a finished basement that adds usable space for storage, business operations, or future reconfiguration. Heating and cooling are provided by a heat pump, and the property is served by public sewer.
The building sits immediately adjacent to Lake Cumberland Regional Hospital and one block from Highway 27 in Somerset. Its setting places the property near established medical and commercial activity, with ample parking identified on site. The property is occupied by a national tenant under an existing lease, providing an established operating profile for an office-building buyer.
The building sits immediately adjacent to Lake Cumberland Regional Hospital and one block from Highway 27 in Somerset. Its setting places the property near established medical and commercial activity, with ample parking identified on site. The property is occupied by a national tenant under an existing lease, providing an established operating profile for an office-building buyer.
Key Highlights
- 3,287‑square‑foot office building on a 0.6‑acre parcel
- Finished basement provides additional usable space
- Immediately adjacent to Lake Cumberland Regional Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,071
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,420
$581.4K
Cap Rate 7%
$415,300
$415.3K
Cap Rate 9%
$323,011
$323.0K
Market Conditions
NOI Build-Up for 3,287 SF
Gross rent
$45.0K $13.68/SF
− Vacancy
−$6.2K −$1.89/SF
EGI
$38.8K $11.79/SF
− OpEx
−$9.7K −$2.95/SF
NOI
$29.1K $8.84/SF
Area
Pulaski County, KY
Vacancy
13.80%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,420
Cap Rate 7%
$415,300
Cap Rate 9%
$323,011
Alternative Uses
Best Use
Office B
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$560.0K
$490.0K – $653.3K
NOI $39,199 @ 7.0% cap · market cap 7.54%
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
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,259
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Finished lower-level space expands storage and operational flexibility for the office property.
Where is this office building located?
The property is located at 311 Langdon Street Somerset, KY.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 3,287‑square‑foot office building on a 0.6‑acre parcel; Finished basement provides additional usable space; Immediately adjacent to Lake Cumberland Regional Hospital
