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    Property profile & analytics

    3218 Hwy 27 Somerset, KY 42501-3031

    • Drive through restaurants
    • 2,869 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US34-0608877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Long John Silver's | A&W / Fast Food Restaurant / Chicken Restaurant
    • A&W Restaurant / Fast Food Restaurant / American Restaurant

    Property Details for 3218 Hwy 27

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.25 lot acres
    Property size
    2,869 SF
    Property type
    Drive through restaurants
    APN
    062-2-3-33
    APU
    622333

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $285,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $300,000
      Mixed-Use
      $315,000
      Hospitality
      $260,000
      Educational
      $305,000
      Residential Income
      $325,000
      Energy
      $285,000
      Income-Based Land
      $295,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6251
    Latitude
    37.0487
    CBSA code
    43700
    CBSA name
    SOMERSET, KY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $450,000
    $0.00
    $450,000
    -
    $450,000
    $0.00
    $450,000

    Comparable in this City

    • Value Estimation by Request
      4,052 SF

      Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,052 SF
      Hwy 27, Somerset, KY 42501
      View Details
    • Value Estimation
      $320,000
      2,777 SF

      4474 Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,777 SF
      4474 Hwy 27, Somerset, KY 42501-6177
      View Details
    • Value Estimation by Request
      6,120 SF

      45 Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,120 SF
      45 Hwy 27, Somerset, KY 42501-1738
      View Details
    • Value Estimation by Request
      1.14 Acres

      2400 Hwy 27th Chick-fil

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.14 Acres
      2400 Hwy 27th Chick-fil, Somerset, KY 42501-2934
      View Details
    • Value Estimation by Request
      2,500 SF

      220 Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,500 SF
      220 Hwy 27, Somerset, KY 42501-3601
      View Details
    • Value Estimation by Request

      Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD
      Hwy 27, Somerset, KY 42501
      View Details

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    Similar Nearby for Lease

    • $3,000 /Mo
      3,000 SF

      Retail Space Near Somerset Mall

      3,000 sq ft retail space in high-traffic area for lease.
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    • $5,995 /Mo
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      Retail Space on Highway 27

      Large retail space available for lease on Highway 27.
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      View Details
    • Contact for pricing
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      Grand Central Place Retail Center

      Somerset, KY retail space: 7 units available.
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      View Details
    • New
      $1,890 /Mo
      1,250 SF

      Retail Space For Rent

      Retail space with utility room, bathrooms, and kitchen.
      55 Slate Br Rd Unit, Somerset, KY 42501
      View Details
    • $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
    • $3,500 /Mo
      5,000 SF

      Versatile Commercial Property on 4.33 Acres

      5,000 sq ft commercial building with storage units for rent.
      4.33 Lumber King Dr, Somerset, KY 42501
      View Details
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    Somerset, KY 42501-3031
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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
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