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Property profile & analytics
OFF-MARKET Estimated value $730,000
Medical Office Space

340 Bogle St Somerset, KY 42503-2892

27,828 SF 3 ac lot Built 1970
Individually Owned Free & Clear
Property ID
US34-0440610
Property summary
AI-generated overview

This exceptional 28,000-square-foot medical office building presents a unique investment opportunity in Somerset, Kentucky. Strategically located in the heart of the Lake Cumberland Medical Community, directly adjacent to the hospital, this property enjoys unparalleled visibility and accessibility. The building boasts five or more separately divided suites spread across two levels, providing flexibility for a variety of healthcare uses. With over 100 rooms, including numerous exam rooms, private offices, and dedicated treatment areas, this facility is well-equipped to accommodate a diverse range of medical practices. The expansive 3-acre lot provides ample parking for over 200 vehicles, ensuring convenient access for patients and staff. This substantial property offers a rare chance to acquire a turnkey medical facility in a high-demand area, benefiting from its prime location within a thriving healthcare hub. The building's size and layout offer significant potential for expansion or adaptation to meet evolving healthcare needs. The substantial parking capacity further enhances the property's appeal and functionality. This is an exceptional opportunity for investors seeking a stable and high-growth investment in the healthcare sector. The property's location and features make it an ideal choice for both established medical practices and new ventures seeking a well-established presence in a thriving community. The asking price is $1,500,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1970
Construction STEEL FRAME
Total area 27,828 SF
Lot 3 ac (130,680 SF)
APN 061-2-1-79
UPID US34-0440610
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Somerset Family Medical Center Medical Clinic
  • Dr. Susan J. Petrosky, MD Physician
  • Dr. Debra J. Eadens, MD Physician
  • Eadens Grimball Internal Medicine: Eadens Debbie J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$821k
Blend (final) Blend
$730k
Owner & transaction history
BROWN B J JR
BROWN B J JR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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