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    Turnkey Hotel Investment Opportunity Title is generated by Realmo AI

    2075 W 192 Highway, London, KY 40741

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    Claim this Listing
    For Sale
    $4,300,000

    COMMERCIAL - London, KY

    Property size:
    92,800 SF
    Lot size:
    2.28 Acres
    Price / SF:
    $46/SF
    Added:
    Jan 26, 2025
    Days on Market:
    492
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 2075 W 192 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    062-50-00-031.00
    Size
    92,800 SF
    Lot size
    2.28 Acres

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Sue Thompson

    Listing agent Sue Thompson License #221308

    Listing office WEICHERT REALTORS - Ford Brothers 64 Keavy Rd, Suite #1, Somerset, KY

    Listing date Jan 26, 2025

    MLS# 25001877

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Proven Revenue: Generated $1.3 million annually for the past 3 years.
    • Award‑Winning Performance: Recipient of multiple 'Best of Baymont' awards, including 2023, 2024 and 2025.
    • Recent Upgrades: Numerous renovations completed between 2019 and 2024, including a new roof, updated rooms, plumbing, and pool.
    • High Ratings: Excellent online reputation with a 4.0 TripAdvisor rating and a 4.2 Google star review.
    • Key Amenities: Features an outdoor heated pool, breakfast area, conference room, and fitness center.
    • Truck/Bus Parking: Large parking lot accommodates buses, tractor trailers, and work trucks.

    Overview

    This turnkey investment opportunity is a locally owned Baymont Inn by Wyndham, originally constructed in 1992 as a Hampton Inn. The 77-key hotel features 34 interior corridor rooms and 43 exterior entrance rooms, including standard King and Queen rooms, as well as extended stay suites with separate living rooms. The property has generated $1.3 million in revenue for the past 3 years. Recent upgrades include a new flat roof in 2019, new bed frames and mattresses in 2021, and new exterior and interior paint from 2022-2023, along with LVP flooring, vanities, and LED mirrors. The outdoor heated pool has a new pump and was resurfaced in 2024. Exterior lights have been upgraded to LED, and new pool enhancements have been added. Three new water heaters and updated plumbing were installed in 2023. Technology upgrades include 55-inch TVs in all rooms and new WiFi access with fiber internet. Mini splits have been installed in the lobby and hallways. The large parking lot, which accommodates buses, tractor trailers, and work trucks, was sealed and striped in 2024. The hotel offers a large breakfast area, conference room, and fitness center. The property sits on a 2.279-acre lot and the building size is 92800 square feet. The hotel has received Best of Baymont awards for several years, including 2023 and 2024, and was awarded Best of Baymont by Wyndham for 2025. It has a 4.0 TripAdvisor rating and a 4.2 Google star review.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.101447
    Latitude
    37.11275

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    FAQs

    What type of property is this?
    Hotel - 77-key hotel with consistent revenue and recent upgrades.
    Where is this hotel located?
    The property is located at 2075 W 192 Highway London, KY.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: Proven Revenue: Generated $1.3 million annually for the past 3 years.; Award‑Winning Performance: Recipient of multiple 'Best of Baymont' awards, including 2023, 2024 and 2025.; Recent Upgrades: Numerous renovations completed between 2019 and 2024, including a new roof, updated rooms, plumbing, and pool.
    (606) 682-5770
    We can help!
    Listing Contact
    Sue Thompson
    Real Estate License ID: 221308
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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