Technical
Financial
Distress signals
Property profile

407 Monticello St Somerset, KY 42501

OFF-MARKET
Other commercial real estate
Property ID
US34-0667466
0.13 ac lot Built 1970
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This commercial property is located in Somerset, Kentucky, near Highway 27 on a 0.534-acre lot and includes a circular drive with substantial parking. The building has a kitchen, four rooms, and 2.5 bathrooms, with a large 19-by-24 meeting room or catering kitchen at the rear. There are two additional office spaces located upstairs, and the basement contains laundry hookups and storage. The layout supports a range of business uses, including retail-oriented concepts (e.g., boutique), personal-care uses (e.g., spa), or professional office use, and the structure could be converted back to a residential home.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Lot 0.13 ac (5,663 SF)
APN 061-6-1-15
UPID US34-0667466

Cap rate & NOI

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

Location

407 Monticello St Somerset, KY 42501-2941
Somerset metro Census 930600 SOMERSET, KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

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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