Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2001 Bryant Rd Lexington, KY 40509-9427

    • Hotels
    • 74,415 SF
    • 2.73 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2020
    $14,000,000
    Value Estimations
    $11,095,000
    Show details
    Cap Rate Potential
    4%
    Hotels
    Location Intelligence
    Property ID
    US34-0430415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hyatt Place Lexington / Hotel

    Property Details for 2001 Bryant Rd

    Year built
    2008
    Lot size
    2.73 lot acres
    Property size
    74,415 SF
    Zone code
    B-5P
    Property type
    Hotels
    Property subtype
    Motels
    APN
    38045510
    APU
    38045510

    Description

    This exceptional 74,415 square foot Hyatt Place hotel in Lexington, KY, presents a compelling investment opportunity. Built in 2008, this six-story, 127-key property sits on a 2.73-acre lot and boasts a strong location near key attractions, including the Kentucky Horse Park, Lexington Convention Center, and the University of Kentucky. The hotel's strategic position benefits from the thriving Lexington economy, fueled by diverse industries such as manufacturing, technology, and higher education. With a current occupancy rate of 60.8% (as of September 30, 2024), the property generates a Net Operating Income (NOI) of $981,105. The asking price is $15,700,000, translating to $210.98 per square foot and $123,622.05 per key. Further enhancing its long-term potential are significant nearby developments, including a $300 million investment in new hospitals and medical facilities. This fee-simple ownership offers a chance to capitalize on Lexington's dynamic market, situated in the heart of Kentucky's Bluegrass region, known for its rich thoroughbred horse racing, bourbon distilleries, automotive industry, and the University of Kentucky. The property offers a quality building with great amenities, making it an attractive option for investors seeking exposure to a robust and diverse market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,465,000
      6.5%
      $6,890,000
      7%
      $6,400,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4107
    Latitude
    38.0189
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN 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
    2023
    $132,935
    $0.00
    $0.00
    $10,750,000
    -
    $0.00
    $0.00
    $10,750,000

    Comparable in this City

    • Value Estimation by Request
      1,170 SF

      1810 Bryant Rd

      HOTEL/MOTEL • 1,170 SF
      1810 Bryant Rd, Lexington, KY 40509-9492
      View Details
    • Value Estimation by Request
      40,323 SF

      100 Canebrake Dr

      HOTEL/MOTEL • 40,323 SF
      100 Canebrake Dr, Lexington, KY 40509-9465
      View Details
    • Value Estimation by Request
      21,318 SF

      5575 Athens Boonesboro Rd

      HOTEL/MOTEL • 21,318 SF
      5575 Athens Boonesboro Rd, Lexington, KY 40509-9491
      View Details
    • Value Estimation
      $3,250,000
      24,474 SF

      5531 Athens Boonesboro Rd

      HOTEL/MOTEL • 24,474 SF
      5531 Athens Boonesboro Rd, Lexington, KY 40509-9491
      View Details
    • Value Estimation
      $11,400,000
      53,491 SF

      1973 Plaudit Pl

      HOTEL/MOTEL • 53,491 SF
      1973 Plaudit Pl, Lexington, KY 40509-2418
      View Details
    • Value Estimation by Request
      43,146 SF

      1920 Plaudit Pl

      HOTEL/MOTEL • 43,146 SF
      1920 Plaudit Pl, Lexington, KY 40509-2417
      View Details

    Similar Nearby for Sale

    • $3,250,000
      36,327 SF

      Lexington Hotel Near Soccer Stadium

      Well-maintained 59-room hotel near Lexington's new soccer stadium.
      5531 Athens Boonesboro Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      27,516 SF

      Hamburg Place Office Leasing Opportunity

      Office space for lease in Lexington's Hamburg Place.
      2517 Sir Barton Way, Lexington, KY 40509
      View Details
    • $125,000
      1.38 Acres

      Lexington, KY Land Opportunity

      1.38 acre commercial land with development potential near I-75.
      5540 Athens Bonnesboro Rd, Lexington, KY 40509
      View Details
    • $210,000
      1,758 SF

      Lexington Office Space For Sale

      Office space in prime location near Hamburg, Richmond Road, I-75.
      519 Darby Creek Rd, Lexington, KY 40509
      View Details
    • $1,200,000
      1.30 Acres

      Richmond Rd Retail Outlot

      1.3-acre prime retail land, Lexington, KY
      2891 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      26,015 SF

      Lexington Industrial Flex Space

      8,791 SF Flex/Industrial Unit - $7M
      2430 Palumbo Dr, Lexington, KY 40509
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      47,754 SF

      Lexington Executive Office Space

      Prestigious office suites, ample parking.
      120 Prosperous Pl, Lexington, KY 40509
      View Details
    • $20 SF/Yr
      37,500 SF

      French Quarter Square Retail Spaces

      Lexington Retail Center: Multiple spaces available.
      2573 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      3,196 SF

      Prime Fayette County Retail Space

      Drive-Thru Ready, 3196 sq ft, 2009 Build
      6409 Polo Club Ln, Lexington, KY 40509
      View Details
    • $22 SF/Yr
      172,865 SF

      Lakeview Plaza: Lexington Retail Center

      Prime Lexington retail, 18 acres, high visibility.
      2907 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      4,600 SF

      Lexington Retail Endcap Opportunity

      High-traffic location, 2,303 SF available.
      2320 Elkhorn Rd, Lexington, KY 40509
      View Details
    • $1,917 /Mo

      Lexington Retail Space For Rent

      Retail space in high-traffic Lexington corridor with excellent visibility.
      3094 Richmond Rd, Lexington, KY 40509
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 Bryant Rd
    Lexington, KY 40509-9427
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.