Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3540 Hwy 27 Somerset, KY 42501-3119

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3540 Hwy 27 Somerset, KY 42501-3119

    View on Map
    • Commercial real estate
    • 5,056 SF
    Off-Market
    Property ID
    US34-0562860
    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.
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Safy of Ky / Social Service Agency / Charitable Organization
    • Terry Randall Baker / Marriage Or Relationship Counselor
    • Miranda's Closet / Discount Store / (Bike/Boat/Book/etc) Store

    Property Details for 3540 Hwy 27

    Year built
    1970
    Construction
    WOOD FRAME
    Property size
    5,056 SF
    Property type
    Commercial real estate
    APN
    062-2-3-26
    APU
    622326

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $720,000
      6.5%
      $665,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $561,000
      Market price range: $208k - $562k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $490,000
      RESTAURANT
      $380,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6255
    Latitude
    37.0439
    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
    $350,368
    $0.00
    $350,368
    -
    $350,368
    $0.00
    $350,368

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      310 Lost Lodge Rd

      Commercial real estate • 4.00 Acres
      310 Lost Lodge Rd, Somerset, KY 42501
      View Details
    • Value Estimation by Request
      0.70 Acres

      Mt Vernon St

      COMMERCIAL (GENERAL) • 0.70 Acres
      Mt Vernon St, Somerset, KY 42501
      View Details
    • Value Estimation by Request

      Fox Hvn Dr

      COMMERCIAL (GENERAL)
      Fox Hvn Dr, Somerset, KY 42501
      View Details
    • Value Estimation by Request
      1,554 SF

      105 Liberty St

      COMMERCIAL (GENERAL) • 1,554 SF
      105 Liberty St, Somerset, KY 42501-1154
      View Details
    • Value Estimation
      $625,000
      5,150 SF

      605 Main St

      COMMERCIAL (GENERAL) • 5,150 SF
      605 Main St, Somerset, KY 42501-2151
      View Details
    • Value Estimation
      $615,000
      5,080 SF

      2525 Monticello Rd

      COMMERCIAL (GENERAL) • 5,080 SF
      2525 Monticello Rd, Somerset, KY 42501
      View Details

    Similar Nearby for Sale

    • $599,900
      2.00 Acres

      Somerset Warehouse: Lease or Buy

      Spacious warehouse, ideal for various uses. Two drive-in doors, high ceilings.
      74 Heritage Dr Dr, Somerset, KY 42501
      View Details
    • $2,800,000

      Highway 27 Commercial Property

      2.3 AC site with income streams on Highway 27.
      450 Highway 27 S, Somerset, KY 42501
      View Details
    • $565,000
      1.35 Acres

      Prime Commercial Lot in Somerset

      1.3-acre commercial lot in high-traffic area near Kroger Marketplace.
      2505 Hwy S, Somerset, KY 42501
      View Details
    • $775,000
      2,784 SF

      Main Street Commercial Building For Sale

      Prime commercial building on Main Street with expansion potential.
      600 N Main St, Somerset, KY 42501
      View Details
    • Contact for pricing
      1.69 Acres

      Residential Land in Somerset, KY

      1.69 acre building lot near boat ramps.
      Buck Creek Cir, Somerset, KY 42501
      View Details
    • Contact for pricing
      Pending

      Unrestricted Lot in Somerset, KY

      0.43 acre unrestricted lot near lake access in Somerset, KY.
      Paradise Acres, Somerset, KY 42501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail Shopping Center Space

      Recently renovated retail shopping center with excellent visibility and access.
      2835 Highway 27 S, 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

      Visible Retail Space in Somerset

      High-visibility retail space in a busy commercial area.
      2007 S 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
    • $3,500 /Mo
      2,450 SF

      Downtown Somerset Office Suite Rental

      Centrally located office suite in downtown Somerset, Kentucky.
      100 Public Sq, 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
    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.
    3540 Hwy 27
    Somerset, KY 42501-3119
    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!