Office Building with Finished
New
For Sale
$294,900
418 Ogden Street, Somerset, KY 42501
Commercial Sale, Somerset, KY
Property Size1,278 SF
Lot Size0.26 Acres
Price / SF$230.75
Days on Market2
Property Features for 418 Ogden Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Zoning description
Commercial
Rooms
Basement
Parking
6
Parking features
Open
Basement
Interior Entry, Finished, Full, Concrete, Walk-Up Access
Subdivision
Somerset City
Directions
From North Hwy. 27 Take Ogden Street Travel 0.5 of a mile. 418 Ogden is on the left Realtor sign is in the yard
Standard status
Active
APN
061-4-3-22
Size
1,278 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Heat Pump
Building Details
Year built
1970
Floors in Building
2
Building materials
Aluminum Siding, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX LakeTime Realty
(606) 679-7653
Listed By:
Lula Jean Burton · License #245029
(606) 875-2343
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 5:06AM
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.
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.
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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Market
Vacancy Rate% for Office in South region
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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
