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

    825 Kit Cowan Rd Somerset, KY 42501

    • Land
    • 609,840.00 lot acres
    For Sale
    View listing
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coca-Cola Vending / Big Box & Wholesale Store
    • Coca-Cola Bottling Co / Big Box & Wholesale Store / Distribution Center

    Property Details for 825 Kit Cowan Rd

    Lot size
    609,840.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6163
    Latitude
    37.0502

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      40 Saturn Dr

      Land • 0.50 Acres
      40 Saturn Dr, Somerset, KY 42501
      View Details
    • Value Estimation by Request
      3.70 Acres

      10 Mary Beth Ln

      Land • 3.70 Acres
      10 Mary Beth Ln, Somerset, KY 42501
      View Details
    • Value Estimation by Request

      4345 Omega Park Rd

      COMMERCIAL (GENERAL)
      4345 Omega Park Rd, Somerset, KY 42501
      View Details
    • Value Estimation by Request
      0.89 Acres

      100 Makena Dr

      COMMERCIAL (GENERAL) • 0.89 Acres
      100 Makena Dr, Somerset, KY 42501-2956
      View Details
    • Value Estimation by Request
      4,386 SF

      222 Limestone St

      COMMERCIAL (GENERAL) • 4,386 SF
      222 Limestone St, Somerset, KY 42501-1626
      View Details
    • Value Estimation by Request
      2,488 SF

      420 Monticello St

      COMMERCIAL (GENERAL) • 2,488 SF
      420 Monticello St, Somerset, KY 42501-2942
      View Details

    Similar Nearby for Sale

    • $100,000
      609,840.00 Acres

      Prime Somerset KY Commercial Land

      609 Acres, Hwy Access, Utilities
      825 Kit Cowan Rd, Somerset, KY 42501
      View Details
    • $699,900

      High-Traffic Somerset Commercial Land

      Mixed-use property, great location, high potential.
      110 Tandy Ave, Somerset, KY 42501
      View Details
    • $1,100,000
      3.70 Acres

      Somerset KY Commercial Land

      3.7 Acres, Prime Commercial Location
      10 Mary Beth Ln, Somerset, KY 42501
      View Details
    • $59,900
      Pending

      Unrestricted Land with Pond

      12.34 acres with pond, utilities, and owner financing.
      7730 Unit Tract 3, Somerset, KY 42501
      View Details
    • New
      Contact for pricing
      2.23 Acres

      Unrestricted Land in Somerset, KY

      2.23 acres of unrestricted land near Somerset, Kentucky.
      765 Stewart Rd, Somerset, KY 42501
      View Details
    • $100,000
      0.56 Acres

      Land For Sale, Somerset, KY

      Land available in Somerset, Kentucky.
      Regency Dr, Somerset, KY 42501
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      435,600 SF

      Prime Land for Lease

      10 acres in Somerset with utilities and railroad access.
      814 W Columbia St, Somerset, KY 42501
      View Details
    • Contact for pricing
      293,613 SF

      Grand Central Place Retail Center

      Somerset, KY retail space: 7 units available.
      2835 Highway 27, Somerset, KY 42501
      View Details
    • $6,000 /Mo
      7,500 SF

      Prime Office Space Available

      First-floor office space in a high-traffic location.
      100 Public Sq, Somerset, KY 42501
      View Details
    • $2,650 /Mo
      6,000 SF

      Downtown Somerset Office Suite

      Spacious office suite in the heart of downtown Somerset.
      100 Public Sq Unit, Somerset, KY 42501
      View Details
    • $3,200 /Mo
      1,547 SF

      Prime Retail Space in Somerset

      Highly visible retail space in a busy commercial corridor.
      2007 S Highway 27, Somerset, KY 42501
      View Details
    • $3,500 /Mo
      1,935 SF

      Downtown Somerset Office Suite

      Spacious office suite in a high-traffic downtown location.
      100 Public Sq, Somerset, KY 42501
      View Details
    Request Owner's contact information
    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.
    825 Kit Cowan Rd
    Somerset, KY 42501
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!