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    Somerset Commercial Land Opportunity Title is generated by Realmo AI

    625 Clifty Street, Somerset, KY 42503

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    Pending
    $159,900

    COMMERCIAL - Somerset, KY

    Property size:
    3,000 SF
    Lot size:
    2.16 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    65
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 625 Clifty Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open
    Standard status
    Pending
    APN
    060-3-0-14
    Size
    3,000 SF
    Lot size
    2.16 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1971
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Tyler Mounce

    Listing agent Tyler Mounce

    Listing office Weichert Realtors Ford Brothers, Inc. 1406 South Highway 27, Suite A Weichert Realtor Ford Brothers, Somerset, KY

    Listing date Mar 11, 2026

    MLS# 26004683

    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.

    HighLights

    • 2.16+/- acre property inside Somerset city limits - a rare find.
    • Excellent accessibility and visibility near major commercial corridors.
    • Zoned B‑2 (Highway Business) - verify potential uses.
    • Features a 3,000+/- sq ft main block building with loading dock, plus a 576+/- sq ft detached garage.
    • Property has been substantially cleared and cleaned.
    • Offered as one combined tract.

    Overview

    This 2.16 acre property, located inside the Somerset city limits, presents an opportunity for investors, business owners, or developers. Formerly the Cumberland Welder's Supply property, the site includes two buildings and has undergone cleanup. The main building is a block structure of approximately 3,000 square feet, featuring multiple entry doors along a front concrete porch/loading dock area, and a garage door suitable for loading and unloading. A secondary detached garage building measures approximately 576 square feet, providing additional storage or workspace. The property has been substantially cleared and cleaned, with buildings emptied and much of the overgrowth and trees removed, opening up the land and showcasing the full size and usability of the acreage. The property is zoned B-2 (Highway Business), offering a variety of potential commercial or redevelopment uses. Located minutes from major commercial corridors and approximately 1/4 mile from both East Hwy 80 and Hwy 27 near Rural King, the property offers accessibility and visibility in a growing commercial area. This property is listed as two parcels on the PVA but is being offered and sold as one combined tract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cumberland Welders Bookkeeping Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.619932
    Latitude
    37.098952

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    FAQs

    What type of property is this?
    Commercial land - 2.16 acre commercial property with two buildings in Somerset, KY.
    Where is this commercial land located?
    The property is located at 625 Clifty Street Somerset, KY.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: 2.16+/- acre property inside Somerset city limits - a rare find.; Excellent accessibility and visibility near major commercial corridors.; Zoned B‑2 (Highway Business) - verify potential uses.
    (606) 875-4053
    We can help!
    Listing Contact
    Tyler Mounce
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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