Warehouse with Office and
50 Mary Beth Lane Somerset, KY 42501
50 Mary Beth Lane, Somerset, KY, 42501
$1,400,000
For Sale
$1,400,000
Warehouse and office facility features 10 grade-level drive-in doors, 20' peak ceiling height, and three-phase electrical service.
Property Size12,480 SF
Lot Size5.00 Acres
Price / SF$112.18
Days on Market154
Property Features for 50 Mary Beth Lane
General Information
- Standard status
- Active
- Size
- 12,480 SF
- Lot size
- 5.00 Acres
- Property subtype
- Factory
Building Details
- Year Built
- 1970
Listing agency
SVN | Stone Commercial Real Estate Advisors
(859) 630-7106
Listed by
Gabe Measner
(859) 630-7106
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 22 at 10:23AM Checked: Jul 22 at 10:23AM
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 SVN | Stone Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This warehouse and office/service facility combines customer-facing space with functional back-of-house operations. The office portion includes a lobby and reception area plus seven private offices for administrative, professional, or managerial use. The warehouse is divided into two sections, including a smaller area attached to the office with an upper-level mezzanine for additional flexible storage or ancillary operations. The main warehouse offers a 20' peak ceiling height and is supported by features designed for efficient workflow, including floor drains, compressed air drops, and ten grade-level drive-in doors.
The property sits on approximately five acres with several acres available for potential expansion or industrial outdoor storage. Three-phase, 200-amp electrical and city water are in place to support a wide range of industrial and service uses.
Additional notes include a warehouse/office configuration with a smaller attached warehouse section and a mezzanine, along with utility capacity to accommodate typical light manufacturing and service operations.
The property sits on approximately five acres with several acres available for potential expansion or industrial outdoor storage. Three-phase, 200-amp electrical and city water are in place to support a wide range of industrial and service uses.
Additional notes include a warehouse/office configuration with a smaller attached warehouse section and a mezzanine, along with utility capacity to accommodate typical light manufacturing and service operations.
Key Highlights
- Warehouse/office facility with +/- 12,480 SF and +/- 5 acres at 50 Mary Beth Lane in Somerset, KY
- Main warehouse offers 20’ peak ceiling height and is supported by floor drains and compressed air drops
- Warehouse has 10 grade‑level drive‑in doors for efficient vehicle and equipment servicing
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.7k | $13.68 |
| − Vacancy | −$23.6k | −$1.89 |
| EGI | $147.2k | $11.79 |
| − OpEx | −$36.8k | −$2.95 |
| NOI | $110.4k | $8.84 |
12,480 SF · lease $13.68/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,375 @ 7.0% cap · market cap 7.88%
Second Best
Flex RnD
$1.28M
$1.12M – $1.49M
NOI $89,264 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $148,831 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bluegrass International Trucks, ...
Car Dealership
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FAQs
What type of property is this?
Flex space - Warehouse and office facility features 10 grade-level drive-in doors, 20' peak ceiling height, and three-phase electrical service.
Where is this flex space located?
The property is located at 50 Mary Beth Lane Somerset, KY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Warehouse/office facility with +/- 12,480 SF and +/- 5 acres at 50 Mary Beth Lane in Somerset, KY; Main warehouse offers 20’ peak ceiling height and is supported by floor drains and compressed air drops; Warehouse has 10 grade‑level drive‑in doors for efficient vehicle and equipment servicing
