Commercial real estate in Somerset

Search commercial real estate records in Somerset to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Somerset commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Somerset

Reonomy operates the most comprehensive database for Somerset Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Somerset commercial real estate professionals. Members from Somerset include brokers, investors and service providers, many of whom specialize in Somerset Commercial Real Estate.

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Somerset commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Somerset is $48,318. Commercial real estate sale prices in Somerset have a median of $170,000. The last 24 months of sales history has seen 5 sales, with 0 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Somerset over the last 24 months is $221.

Values and sold prices (last 24 months) United States Kentucky Somerset
Average price/sqft $1,429 $162 $221
Median price/sqft $115 $83 $221
Average sold price $1,175,028 $489,737 $166,400
Median sold price $192,662 $131,395 $170,000
Number of sales 3,653,861 50,263 5
Number of sales over $250k 1,530,048 12,489 --
Number of sales over $1m 369,680 2,272 --
Number of sales over $10m 55,427 290 --
Average total tax amount $5,912 $2,164 $440
Average assessed value $302,534 $216,321 $48,318
Average market value $377,431 $240,285 $53,068

Somerset commercial real estate property averages

The average lot size of commercial real estate properties in Somerset is 52,846 sf. This is 19% above the Kentucky average.

Property averages United States Kentucky Somerset
Average lot size 818,966 sf 738,122 sf 1,007,127 sf
Median lot size 24,701 sf 43,559 sf 52,846 sf
Average building area 1,170 sf 125 sf 221 sf
Median building area 73 sf 60 sf 221 sf
Median year built 1970 1985 --
Average number of units 16 6 --
Median number of units 2 2 --

Somerset commercial real estate total supply

There are 12,920 commercial real estate properties in Somerset. This is 195% below the Kentucky average. The total acerage is 184 acres and the aggregate building area for commercial real estate properties in Somerset is 221 sf.

Supply United States Kentucky Somerset
Number of parcels 57,284,908 1,123,440 12,920
Aggregate lot acerage 883,661,852 6,922,570 184
Aggregate building area 8,074,578,464 sf 13,159,317 sf 221 sf
Aggregate units 87,963,611 168,779 --

Somerset commercial real estate industrial mortgages

There are 6 mortgages for commercial real estate properties across Somerset in the Reonomy database. The average value of those mortgages is $125,229. This is 185% below the Kentucky average.

Debt United States Kentucky Somerset
Number of mortgages 39,329,028 292,750 6
Average value of mortgages $5,222,868 $3,394,164 $125,229

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