Building Details

Building materials Stone, Stucco, Vinyl Siding

Roof type Shingle

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

Listed By: Sarah Adkisson Show Phone

Added: Jul 21 Changed: Oct 2 Last Checked: Oct 21 at 11:06PM

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MLS# 26019442

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 1,315-square-foot office unit at 357 Langdon Street includes a reception area, three private offices, a restroom, kitchen, and an open room that can serve as meeting or additional work space. The building has stone, stucco, and vinyl siding construction, with a shingle roof, heat-pump heating and cooling, and public sewer service. Recent improvements include a new roof and siding.

The property sits directly behind Kroger and is two minutes from Lake Cumberland Regional Hospital. It is located within a corridor containing medical and professional offices and carries C zoning. The 0.23-acre property offers a compact commercial setting for office-oriented operations.

Key Highlights

• 1,315‑square‑foot office unit on a 0.23‑acre property
• Three private offices plus reception, kitchen, restroom, and open meeting or workspace
• Directly behind Kroger and two minutes from Lake Cumberland Regional Hospital

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,076

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,520 $241.5K

Cap Rate 7%

$172,514 $172.5K

Cap Rate 9%

$134,178 $134.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,315 SF

Gross rent

$21.6K $16.44/SF

− Vacancy

−$1.5K −$1.13/SF

EGI

$20.1K $15.31/SF

− OpEx

−$8.1K −$6.12/SF

NOI

$12.1K $9.18/SF

Area

Pulaski County, KY

Vacancy

6.90%

Lease Rate

$16.44 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,520

Cap Rate 7%

$172,514

Cap Rate 9%

$134,178

Alternative Uses

Best Use

Healthcare Medical

$172.5K

$151.0K – $201.3K (±1% cap)

NOI $12,076 @ 7.0% cap · market cap 5.62%

Second Best

Office B

$166.1K

$145.4K – $193.8K (±1% cap)

NOI $11,630 @ 7.0% cap · market cap 5.41%

Theoretical Best

Specialty Retail

$224.0K

$196.0K – $261.4K (±1% cap)

NOI $15,682 @ 7.0% cap · market cap 7.29%

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

Property Analytics

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Current Use

Visionary Horizons Wealth ... Financial Advisor Safe Lock Income Financial Advisor Prudent Planning Insurance Agency Prevett Investments Financial Advisor Merit National Fund ... Financial Advisor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Kitchen & Bath Showroom Pet Store Pet Store & Service Catering Service

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

Location Intelligence

Trade Area within ½ mile

1,336

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Reception, kitchen, restroom, and flexible open workspace support varied office layouts.

Where is this office unit located?

The property is located at 357 Langdon Street Somerset, KY.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: 1,315‑square‑foot office unit on a 0.23‑acre property; Three private offices plus reception, kitchen, restroom, and open meeting or workspace; Directly behind Kroger and two minutes from Lake Cumberland Regional Hospital