531 MainSomerset, KY 42501

  • Banks
  • 2,750 SF
Off market
$697,500 Estimated

Property Details for 531 Main

Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Property size (Sq ft)
2,750 SF
Property type
Banks
APN
060-6-5-13
APU
606513

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $533,434
    6.5%
    $492,400
    7%
    $457,229
  • Comparable approach

    Method
    Valuation
    Relative Method
    $243,108
    Geo Method
    $246,189
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $953,096
    Mixed-Use / Specialty
    $493,527
    Hospitality / Lodging
    $365,837
    Office
    $493,597
    Institutional / Educational
    $514,099
    Residential Income
    $601,496
    Multifamily
    $705,424
    Automotive / Energy
    $440,656
    Parking / Income-Based Land
    $149,218
    Restaurant / Food Service
    $262,838
    Healthcare / Senior Housing
    $503,147

Location Insight

City
Somerset
County
Pulaski
State
Kentucky
Latitude
37.0995
Longitude
-84.6069
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
-
$697,500
-
$697,500
-
$697,500
-
$697,500

FAQs

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