Retail Space with Finished
For Sale
$699,900
600 N Main Street, Somerset, KY 42501
Commercial Sale, Somerset, KY
Property Size2,784 SF
Lot Size1.03 Acres
Price / SF$251.40
Days on Market300
Property Features for 600 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B-2
Zoning description
commerical
Subdivision
Rural
Directions
Hwy 27 to E Hwy 80. Turn onto main street. Property on the left across from Main Street Deli
Standard status
Active
APN
060-6-6-11
Size
2,784 SF
Lot size
1.03 Acres
Amenities
finished basement
Building Details
Year built
1970
Floors in Building
1
Listing Agency:
Keller Williams Bluegrass Realty - Lake Cumberland
(606) 875-1333
Listed By:
Millie King Weaver · License #208856
(606) 677-0059
Added: Nov 17, 2025
Changed: Sep 6
Last Checked: Sep 13 at 3:06PM
MLS# 25506457
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 2,784-square-foot retail property includes a finished basement that expands the building’s usable interior area. Built in 1970, the property is zoned B-2 and includes an adjacent 0.50-acre lot as part of the offering.
The building is located on N Main Street in Somerset, near E Hwy 80. The combined property encompasses 1.03 acres and provides a commercial setting with additional land available for future development or parking, subject to applicable approvals.
The building is located on N Main Street in Somerset, near E Hwy 80. The combined property encompasses 1.03 acres and provides a commercial setting with additional land available for future development or parking, subject to applicable approvals.
Key Highlights
- 2,784‑square‑foot retail property
- Finished basement provides additional interior area
- Adjacent 0.50‑acre lot included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,720
$634.7K
Cap Rate 7%
$453,371
$453.4K
Cap Rate 9%
$352,622
$352.6K
Market Conditions
NOI Build-Up for 2,784 SF
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.
Gross rent
$47.8K $17.16/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$45.3K $16.28/SF
− OpEx
−$13.6K −$4.89/SF
NOI
$31.7K $11.40/SF
Area
Pulaski County, KY
Vacancy
5.10%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,720
Cap Rate 7%
$453,371
Cap Rate 9%
$352,622
Alternative Uses
Best Use
Retail
$453.4K
$396.7K – $528.9K
NOI $31,736 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$474.3K
$415.0K – $553.4K
NOI $33,201 @ 7.0% cap · market cap 4.74%
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
729
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 34%
Dollar Tree
Shops & Services
14,538 visits/mo
0.3 miles
IGA
Groceries
12,337 visits/mo
0.4 miles
Dollar General
Shops & Services
8,866 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
314 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - B-2-zoned retail property with a finished basement and adjacent land for additional commercial planning.
Where is this retail space located?
The property is located at 600 N Main Street Somerset, KY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,784‑square‑foot retail property; Finished basement provides additional interior area; Adjacent 0.50‑acre lot included with the sale
