Medical Office with Custom
New
For Sale
$559,900
79 Sarahs Ln, Somerset, KY 42501
The interior includes an employee lounge, four half baths, and on-site parking.
Property Size2,632 SF
Price / SF$212.73
Days on Market2
Property Features for 79 Sarahs Ln
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Commercial
Amenities
two HVAC units
4 half baths
employee lounge
custom built-ins
Building Details
Year Built
2003
Listing Agency:
Rm Mcginnis, LLC Real Est & Auction Professionals
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 7:01PM
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 Rm Mcginnis, LLC Real Est & Auction Professionals
Investment Insights
Based on property information with market context.
This 2,632-square-foot medical office space is equipped with two HVAC units and four half baths. Custom built-ins are found throughout, and the layout also includes an employee lounge.
The property at 79 Sarahs Ln in Somerset is near the hospital and has on-site parking.
The property at 79 Sarahs Ln in Somerset is near the hospital and has on-site parking.
Key Highlights
- 2,632 square feet of medical office space
- Two HVAC units
- Four half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,171
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,420
$483.4K
Cap Rate 7%
$345,300
$345.3K
Cap Rate 9%
$268,567
$268.6K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$43.3K $16.44/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$40.3K $15.31/SF
− OpEx
−$16.1K −$6.12/SF
NOI
$24.2K $9.18/SF
Area
Pulaski County, KY
Vacancy
6.90%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,420
Cap Rate 7%
$345,300
Cap Rate 9%
$268,567
Alternative Uses
Best Use
Healthcare Medical
$345.3K
$302.1K – $402.9K
NOI $24,171 @ 7.0% cap · market cap 4.32%
Second Best
Office B
$332.5K
$291.0K – $388.0K
NOI $23,278 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$448.4K
$392.4K – $523.1K
NOI $31,388 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
17
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior includes an employee lounge, four half baths, and on-site parking.
Where is this medical office space located?
The property is located at 79 Sarahs Ln Somerset, KY.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 2,632 square feet of medical office space; Two HVAC units; Four half baths
