Warehouse with Overhead
For Sale
$550,000
74 Heritage Drive, Somerset, KY 42501
Commercial-zoned space includes two overhead doors and ceilings that rise toward the center.
Property Size8,200 SF
Price / SF$67.07
Days on Market309
Property Features for 74 Heritage Drive
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Clear Height
16 ft
Property Use
Warehouse
Building Details
Building Size
8,200 SF
Year Built
1970
Listing Agency:
High Point Realty & Auction
Listed By:
Kenneth DeGrant · License #244885
(859) 200-2084
Source:
Bluegrasspropertiesgroup
Added: Jan 2
Changed: Nov 4
Last Checked: Nov 5 at 10:59PM
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 High Point Realty & Auction
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Investment Insights
Based on property information with market context.
Built in 1970, this 8,200-square-foot warehouse has a 71-by-78-foot warehouse area. Two garage doors provide access, and ceiling height ranges from 13 feet to 16 feet at the center. The property is zoned Commercial.
Key Highlights
- 8,200‑square‑foot warehouse
- Warehouse area measures 71 feet by 78 feet
- Two 12‑foot garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,331
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,620
$966.6K
Cap Rate 7%
$690,443
$690.4K
Cap Rate 9%
$537,011
$537.0K
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$61.0K $7.44/SF
− Vacancy
−$4.1K −$0.51/SF
EGI
$56.9K $6.93/SF
− OpEx
−$8.5K −$1.04/SF
NOI
$48.3K $5.89/SF
Area
Pulaski County, KY
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,620
Cap Rate 7%
$690,443
Cap Rate 9%
$537,011
Alternative Uses
Best Use
Warehouse
$690.4K
$604.1K – $805.5K
NOI $48,331 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,790 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Similar Off Market Nearby
- Cumberland Container Sales & Rentals, Inc — 74 Heritage Dr, Somerset, KY 42501
- U-Rental Storage — 635 Enterprise Dr, Somerset, KY 42501
- Pisgah Boat Storage — Somerset, KY 42503
- Barrons Storage — 65 Jacks Ln, Somerset, KY 42501
- Boat N Stuff Boat Storage — 31 Larrys Ln, Somerset, KY 42501
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial-zoned space includes two overhead doors and ceilings that rise toward the center.
Where is this warehouse located?
The property is located at 74 Heritage Drive Somerset, KY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8,200‑square‑foot warehouse; Warehouse area measures 71 feet by 78 feet; Two 12‑foot garage doors
