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Property profile & analytics
OFF-MARKET Estimated value $4,260,000
Warehouses

480 University Dr Somerset, KY 42503-2410

267,079 SF 8.26 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
Property ID
US34-0725499
Property summary
AI-generated overview

This 6,000 square foot multi-purpose commercial building is ideally situated in Somerset, Kentucky, directly across from Pulaski County High School. Its prime location ensures high visibility and significant traffic flow, making it perfect for a variety of businesses. The property boasts 2,000 square feet of finished living quarters, featuring beautiful wood finishes, a full bath, a bedroom, an office, a gathering area, and a kitchen equipped with stainless steel appliances. This area offers a unique blend of functionality and comfort. The remaining 4,000 square feet provides extensive space for storage, inventory, display areas, showrooms, or multiple cubicles, catering to diverse business needs. The building offers convenient access with 14-foot roll-up garage doors on both ends, facilitating easy loading and unloading. Blacktop parking is available for both personal and business use. Its strategic location offers easy access to downtown Somerset and major highways including Highway 80, Highway 27, and Highway 461. Furthermore, the property enjoys the added benefit of proximity to recreational amenities, being only 12 minutes away from the lake and Lee's Ford Marina. This versatile property presents a compelling opportunity for businesses seeking a prominent location with ample space and convenient features.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction STEEL FRAME
Total area 267,079 SF
Lot 8.26 ac (359,806 SF)
APN 060-6-3-01
UPID US34-0725499
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 Warehouse & Commerce Park Warehouse & Storage
  • Phoenix Preferred Care Crisis Center Medical Clinic
  • Hartmann Marine Group (Bike/Boat/Book/etc) Store
  • Patriot Commodities Building Supply Hardware & Home Improvement
  • Wreckless Motorsports of KY - Somerset Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.26M
Owner & transaction history
480 SOMERSET KY LLC
480 SOMERSET KY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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