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    2911 Highway 27 Somerset, KY 42503

    Sponsored
    For Sale
    $1,885,138

    Medical Office Building, Net Lease, High ROI

    Property size:
    3,509 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • New 10‑Year Lease in Place.
    • Roof Warranty through 2029.
    • Excellent Somerset, KY Location.
    • 100% Occupied.
    • Retail Investment Opportunity.
    • Strong Cash Flow Potential.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    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.
    Request Owner's contact information
    2911 Highway 27 Somerset, KY 42503
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    Somerset, KY 42503
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    Realmo Value Estimation

    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.

    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.

    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
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