Office Building with Circular
For Sale
$229,900
504 E Mt Vernon Street, Somerset, KY 42501
Commercial Sale, Somerset, KY
Property Size1,541 SF
Lot Size0.35 Acres
Price / SF$149.19
Days on Market49
Property Features for 504 E Mt Vernon Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Zoning description
commercial
Rooms
Basement
Parking
12
Basement
Walk-Up Access, Sump Pump, Unfinished, Partially Finished
Subdivision
Downtown
Directions
East Mt Vernon Street
Standard status
Active
APN
061-7-2-62
Size
1,541 SF
Lot size
0.35 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Heat Pump, Central Air
Building Details
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Godby Realty & Auction
(606) 678-8189
Listed By:
Monica Reardon
(606) 425-0003
Added: Sep 10
Changed: Oct 12
Last Checked: Oct 28 at 10:06AM
MLS# 26025155
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,541-square-foot office building occupies a 0.35-acre parcel at 504 E Mt Vernon Street in Somerset. The property was previously used as an attorney’s office and includes a basement, vinyl siding, shingle roofing, and a circular driveway. Rear parking provides on-site access for clients and staff.
The property is zoned C and served by public sewer, with water available. Building systems include natural gas heating, central air, ceiling fans, and a heat pump. Its office configuration and existing access features support continued commercial office use.
The property is zoned C and served by public sewer, with water available. Building systems include natural gas heating, central air, ceiling fans, and a heat pump. Its office configuration and existing access features support continued commercial office use.
Key Highlights
- 1,541‑square‑foot office building on a 0.35‑acre parcel
- Circular driveway with rear parking
- C zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,629
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,580
$272.6K
Cap Rate 7%
$194,700
$194.7K
Cap Rate 9%
$151,433
$151.4K
Market Conditions
NOI Build-Up for 1,541 SF
Gross rent
$21.1K $13.68/SF
− Vacancy
−$2.9K −$1.89/SF
EGI
$18.2K $11.79/SF
− OpEx
−$4.5K −$2.95/SF
NOI
$13.6K $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%
$272,580
Cap Rate 7%
$194,700
Cap Rate 9%
$151,433
Alternative Uses
Best Use
Office B
$194.7K
$170.4K – $227.2K
NOI $13,629 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$262.5K
$229.7K – $306.3K
NOI $18,377 @ 7.0% cap · market cap 7.99%
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
Location Intelligence
Trade Area within ½ mile
623
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-zoned commercial office property with rear parking, public sewer, and water available.
Where is this office building located?
The property is located at 504 E Mt Vernon Street Somerset, KY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,541‑square‑foot office building on a 0.35‑acre parcel; Circular driveway with rear parking; C zoning designation
