Office Building with Finished
418 Ogden Street, Somerset, KY 42501
For Sale
$294,900
Commercial Sale, Somerset, KY
Property Size1,278 SF
Lot Size0.26 Acres
Price / SF$230.75
Days on Market33
Property Features for 418 Ogden Street
General Information
Property type
Property subtype
Zoning
Zoning description
Rooms
Parking
Parking features
Basement
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
RE/MAX LakeTime Realty
(606) 679-7653
Listed By:
Lula Jean Burton · License KY #245029
(606) 875-2343
Added: Oct 9
Changed: Nov 2
Last Checked: Nov 10 at 11:06PM
MLS# 26028041
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 1,278-square-foot office building at 418 Ogden Street includes two front office areas, additional office space, a full bathroom, a half bathroom, and a partial kitchen. Finished attic and basement areas add usable interior space; the basement also has washer and dryer hookups. The building dates to 1970 and sits on a 0.26-acre lot. Construction includes aluminum siding and stucco, with a shingle roof, natural gas heat, heat pump cooling, and public sewer.
Open parking is available on site, and a driveway extends around the property to an adjoining street. The property is in Somerset, Kentucky, with access to Highway 27. Zoning is C.
Open parking is available on site, and a driveway extends around the property to an adjoining street. The property is in Somerset, Kentucky, with access to Highway 27. Zoning is C.
Key Highlights
- 1,278 square feet of office space on a 0.26‑acre lot
- Two front office areas, additional office space, full bathroom, half bathroom, and partial kitchen
- Finished attic and basement; basement includes washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,303
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,060
$226.1K
Cap Rate 7%
$161,471
$161.5K
Cap Rate 9%
$125,589
$125.6K
Market Conditions
NOI Build-Up for 1,278 SF
Gross rent
$17.5K $13.68/SF
− Vacancy
−$2.4K −$1.89/SF
EGI
$15.1K $11.79/SF
− OpEx
−$3.8K −$2.95/SF
NOI
$11.3K $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%
$226,060
Cap Rate 7%
$161,471
Cap Rate 9%
$125,589
Alternative Uses
Best Use
Office B
$161.5K
$141.3K – $188.4K
NOI $11,303 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$217.7K
$190.5K – $254.0K
NOI $15,241 @ 7.0% cap · market cap 5.17%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 42501, KY
18,047
Population
8,039
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
84%
High-School Grad
199.7 sq mi
ZIP Area
90
Density / Sq Mi
$49,449
Median Household Income
$38,121
Median Earnings
$808
Median Rent
$131,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The layout includes multiple office areas, two bathrooms, and a partial kitchen.
Where is this office building located?
The property is located at 418 Ogden Street Somerset, KY.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 1,278 square feet of office space on a 0.26‑acre lot; Two front office areas, additional office space, full bathroom, half bathroom, and partial kitchen; Finished attic and basement; basement includes washer and dryer hookups
