Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2911 Highway 27 Somerset, KY 42503

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical Office Building, Net Lease, High ROI

    Property size:
    3,509 SF

    Property Features for 2911 Highway 27

    General Information

    Property type
    Medical offices
    Square Feet
    3,509 SF
    Lot Size
    34,412 SF

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Steve Sagmani
    Steve Sagmani

    Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 3,509 square foot, single-story medical office building located at 2911 S Hwy 27, Somerset, KY 42503. The property, built in 2014, sits on a 0.79-acre lot and features 45 parking spaces. Currently 100% occupied by Aspen Dental under a Net Lease agreement with a corporate guarantee, the building offers a strong, stable income stream. The lease commenced August 13, 2014, and has a remaining term of approximately 9.7 years, expiring July 31, 2034. The lease includes four (5) year options with rent bumps of 3% in year 6 and 8% in each option period. The property boasts a 6.50% cap rate and a net operating income (NOI) of $122,534, with an asking price of $1,885,138 ($537.23 per square foot). The property is zoned B-2 and benefits from a roof warranty extending to 2029. This prime location in Pulaski County, Kentucky offers significant potential for long-term growth and return on investment. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motto Clear Aligners Dental Office aspen dental, John ... Dental Office Aspen Dental - Somerset, ... Dental Office William Feltner Dental Office Kurt Goodell Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6259603
    Latitude
    37.0531877

    Nearby Similar for Sale

    • $359,999
      Pending

      Versatile Commercial Building in Somerset

      2,400 sq ft building suitable for various business uses.
      702 Monticello St, Somerset, KY 42501
      View Details
    • $596,000
      1,736 SF

      Versatile Commercial Property in Somerset

      High-visibility commercial property in a growing Somerset corridor.
      400 W Columbia St, Somerset, KY 42501
      View Details
    • $2,000,000
      4,122 SF

      Highway 27 Commercial Building

      Commercial building on Highway 27, suitable for medical or office.
      745 Highway 27 S, Somerset, KY 42501
      View Details
    • $550,000
      8,200 SF

      Somerset Warehouse For Sale/Lease

      8,200 SF warehouse with high ceilings and commercial zoning.
      74 Heritage Dr, Somerset, KY 42501
      View Details
    • $409,900
      2,960 SF

      Commercial Building Investment Opportunity

      Income-producing property with a strong tenant in place.
      162 E Somerset Church Rd, Somerset, KY 42503
      View Details
    • $395,000
      6,850 SF

      Highway 80 Commercial Building

      6800+ sqft commercial building with high visibility on Highway 80.
      203 Murrell Ave, Somerset, KY 42503
      View Details
    • $779,900
      5,000 SF

      Renovated Commercial Building in Downtown

      5,000 sq ft commercial building in the heart of downtown.
      38 East Mt. Vernon St, Somerset, KY 42501
      View Details
    • $325,000
      0.66 Acres

      Turn-Key Storage Facility For Sale

      56-unit storage facility in North East Somerset, Kentucky.
      183 E Somerset Church Rd, Somerset, KY 42503
      View Details
    • $775,000
      2,784 SF

      Main Street Commercial Building For Sale

      Versatile commercial building on Main Street with expansion potential.
      600 N Main St, Somerset, KY 42501
      View Details
    • $550,000
      1,000 SF

      Somerset Multifamily Investment Opportunity

      Multifamily property with 11 units near local boatramp.
      11 Dalton Ln, Somerset, KY 42503
      View Details
    • $2,900,000
      2.50 Acres

      Prime Highway Frontage Opportunity

      High-traffic location with existing 7,600 sq ft office/garage.
      2820 Highway 27 S, Somerset, KY 42501
      View Details
    • $599,000
      Pending

      Highway Frontage Retail/Office Opportunity

      Commercial property with retail/office space, garage, and billboard income.
      3271 Highway 27 S, Somerset, KY 42501
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical Office Building, Net Lease, High ROI
    Where is this medical office located?
    The property is located at 2911 Highway 27 Somerset, KY.
    What is the asking price?
    The asking price for this property is $1,885,138.
    What are key features of this property?
    This property features: New 10-Year Lease in Place.; Roof Warranty through 2029.; Excellent Somerset, KY Location.
    (248) 833-6601 Call to check price and availability
    Request Owner's contact information
    2911 Highway 27 Somerset, KY 42503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2911 Highway 27
    Somerset, KY 42503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2911 Highway 27 Somerset, KY 42503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Sagmani
    Steve Sagmani
    Real Estate License ID: 6502426558
    (248) 833-6601 (248) 219-8080
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!