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Property profile

330 Enterprise Dr Somerset, KY 42501

OFF-MARKET
Commercial real estate
Property ID
US34-0640906
View Sample
6,000 SF Built 1970
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, situated at 330 Enterprise Drive in Somerset, Kentucky, presents a compelling investment opportunity. The warehouse, conveniently located behind Somerset Mall in a thriving business district, boasts approximately 6,000 square feet of well-maintained space. Constructed with a durable steel and metal exterior, the building features superior insulation for optimal climate control. The floors are incredibly robust, consisting of one-foot-thick concrete designed to easily support the weight of an 18-wheeler, ensuring versatility for various commercial uses. Inside, you'll find two heated and cooled offices and two equally comfortable bathrooms. Heating is provided by two large, efficient gas heating systems. The roof is equipped with solar panels, contributing to energy efficiency, and the interior is brightly lit by eight high-intensity fluorescent lights. Additional storage space is conveniently located above each office. The property also includes a substantial asphalt parking lot and a detached 600-square-foot garage situated at the rear of the main building, offering extra storage or workspace. The property sits on a one-acre lot. Note that the property is currently under a rental contract which expires July 1, 2025. This presents a unique opportunity for future income potential. The combination of prime location, durable construction, and ample space makes this warehouse an attractive proposition for discerning investors.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction STEEL FRAME
Total area 6,000 SF
APN 062-3-4-37
UPID US34-0640906

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Big Box & Wholesale Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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