Mixed-Use Property with
New
For Sale
$799,900
90 Eury Lane, Somerset, KY 42501
Commercial Sale, Somerset, KY
Property Size5,591 SF
Lot Size0.76 Acres
Price / SF$143.07
Days on Market4
Property Features for 90 Eury Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Zoning description
Multi-family- Commercial
Parking
45
Parking features
Covered
Directions
From N US-27, travel south toward Somerset. Turn left onto KY-80 E, then turn onto Eury Ln. Continue to 90 Eury Ln. Property will be on the right.
Subdivision
901 - Southeast Pulaski County
Standard status
Active
APN
062-3-3-05
Size
5,591 SF
Lot size
0.76 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating), Heat Pump (Heating)
Cooling system
Electric, Multi Units, Heat Pump, Central Air, Ceiling Fan(s)
Amenities
in-ground pool
covered porch and patio areas
pool cottage
chef-inspired kitchen
second kitchen
recreation/entertainment room with bar
garage/workshop with compressed air stations
mechanic lift station
Building Details
Year built
1970
Floors in Building
2
Building materials
Steel Frame, Aluminum Siding, Block, Concrete, Glass, Stone, Steel Frame, Aluminum Siding, Block, Concrete, Glass, Stone
Roof type
Metal
Listing Agency:
RE/MAX Elite Lexington · RE/MAX International
(859) 245-1165
Listed By:
Janet L Jones
(502) 639-9223
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 2 at 1:06PM
MLS# 26026960
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.
Investment Insights
Based on property information with market context.
This 1970 mixed-use property combines residential space with two heated and cooled garage/workshop areas. The layout includes two kitchens, two primary suites, four additional private rooms and 4.5 bathrooms. Workshop features include compressed-air stations, an industrial air compressor and a mechanic lift; tool-and-die equipment is also available for purchase. A separate garage connects to flexible living space with its own exterior entrance. The property includes an in-ground pool, a pool cottage and covered porch and patio areas.
The site spans 0.76 acres and is zoned C-2. Public sewer service and cable availability are listed. The property is in Somerset, Kentucky. Zoning and permitted uses should be verified by the buyer.
The site spans 0.76 acres and is zoned C-2. Public sewer service and cable availability are listed. The property is in Somerset, Kentucky. Zoning and permitted uses should be verified by the buyer.
Key Highlights
- 0.76‑acre site with C‑2 zoning
- Two conditioned garage/workshop areas, including one with two‑story ceilings
- Workshop equipment includes compressed‑air stations, an industrial air compressor and a mechanic lift
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$953,960
$954.0K
Cap Rate 7%
$681,400
$681.4K
Cap Rate 9%
$529,978
$530.0K
Market Conditions
NOI Build-Up for 5,591 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.9K $15.00/SF
− Vacancy
−$7.5K −$1.35/SF
EGI
$76.3K $13.65/SF
− OpEx
−$28.6K −$5.12/SF
NOI
$47.7K $8.53/SF
Area
Pulaski County, KY
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$953,960
Cap Rate 7%
$681,400
Cap Rate 9%
$529,978
Alternative Uses
Best Use
Mixed Use
$681.4K
$596.2K – $795.0K
NOI $47,698 @ 7.0% cap · market cap 5.96%
Second Best
Flex RnD
$571.3K
$499.9K – $666.5K
NOI $39,990 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$952.5K
$833.5K – $1.11M
NOI $66,676 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate living and conditioned workshop areas are complemented by two kitchens and an outdoor pool.
Where is this mixed-use property located?
The property is located at 90 Eury Lane Somerset, KY.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 0.76‑acre site with C‑2 zoning; Two conditioned garage/workshop areas, including one with two‑story ceilings; Workshop equipment includes compressed‑air stations, an industrial air compressor and a mechanic lift
