Commercial Real Estate in Somerset

Unlock property data on 12,799 commercial properties in Somerset. Search through Somerset property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Somerset commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Somerset commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Kentucky Somerset
Average price/sqft $927 $2,440 $751
Average sold price $1,032,380 $386,573 $166,400
Median sold price $196,700 $135,871 $170,000
Number of sales 3,733,633 50,575 5
Number of sales over $250k 1,581,467 12,997 --
Number of sales over $1m 359,353 2,296 --
Number of sales over $10m 48,908 183 --
Average total tax amount $7,081 $1,904 $352
Average assessed value $252,824 $194,706 $64,400
Average market value $357,265 $210,283 $64,400

Somerset commercial real estate property averages

Property averages United States Kentucky Somerset
Average lot size 816,594 sf 742,369 sf 1,007,127 sf
Median lot size 24,509 sf 43,559 sf 52,846 sf
Average building area 1,077 sf 126 sf 221 sf
Median building area 77 sf 61 sf 221 sf
Median year built 1970 1985 2017
Average number of units 16 7 --
Median number of units 2 2 --

Somerset commercial real estate total supply

Supply United States Kentucky Somerset
Number of parcels 58,466,290 1,155,588 12,962
Aggregate lot acerage 1,006,409,685 7,263,775 184
Aggregate building area 8,055,383,228 sf 13,880,046 sf 221 sf
Aggregate units 90,025,159 177,036 --

Somerset commercial real estate industrial mortgages

Debt United States Kentucky Somerset
Number of mortgages 41,927,940 324,390 6
Average value of mortgages $5,197,708 $3,268,421 $125,229

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