Office Building with Finished
New
For Sale
$294,900
418 Ogden St, Somerset, KY 42501
Finished attic and basement areas add to the building’s office layout.
Property Size1,278 SF
Price / SF$230.75
Days on Market3
Property Features for 418 Ogden St
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Lake Homes Realty
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lake Homes Realty
Investment Insights
Based on property information with market context.
The office building at 418 Ogden Street includes two large front office areas, additional office space, a full bathroom, a half bathroom, and a partial kitchen. Both the attic and basement are finished; the basement also has washer and dryer hookups. The building dates to 1970.
A parking lot and a driveway that loops around to an adjoining street provide on-site parking and access. Highway 27 is also accessible from the property.
A parking lot and a driveway that loops around to an adjoining street provide on-site parking and access. Highway 27 is also accessible from the property.
Key Highlights
- Two large front office areas plus additional office space
- Finished attic and finished basement
- Full bathroom, half bathroom, and partial kitchen
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Finished attic and basement areas add to the building’s office layout.
Where is this office building located?
The property is located at 418 Ogden St 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: Two large front office areas plus additional office space; Finished attic and finished basement; Full bathroom, half bathroom, and partial kitchen
