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    Property profile & analytics

    1080 Newtown Pike Lexington, KY 40511-1212

    • Hotels
    • 4,452 SF
    • 2.88 lot acres
    OFF-MARKET
    Value Estimation
    $5,705,000
    Last Sale
    Oct 01, 2024
    $5,700,000
    Location Intelligence
    Property ID
    US34-0514264
    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

    • Residence Inn Lexington North / Hotel / Extended Stay Hotel
    • Residence Inn 1080 Newtown Pike Parking / Parking Lot

    Property Details for 1080 Newtown Pike

    Year built
    1985
    Lot size
    2.88 lot acres
    Property size
    4,452 SF
    Zone code
    B-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    10020690
    APU
    10020690

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,535,000
      6.5%
      $5,100,000
      7%
      $5,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,070,000
      Geo Method
      $5,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,945,000
      Retail
      $4,995,000
      Mixed-Use
      $6,280,000
      Hospitality
      $5,295,000
      Educational
      $5,705,000
      Residential Income
      $4,955,000
      Energy
      $5,430,000
      Income-Based Land
      $6,495,000
      Food Service
      $5,830,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4929
    Latitude
    38.0774
    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
    $77,288
    $0.00
    $0.00
    $6,250,000
    -
    $0.00
    $0.00
    $6,250,000

    Comparable in this City

    • Value Estimation by Request
      45,120 SF

      1780 Sharkey Way

      HOTEL/MOTEL • 45,120 SF
      1780 Sharkey Way, Lexington, KY 40511-2028
      View Details
    • Value Estimation by Request
      140,970 SF

      1950 Newtown Pike

      HOTEL/MOTEL • 140,970 SF
      1950 Newtown Pike, Lexington, KY 40511-1332
      View Details
    • Value Estimation by Request
      81,308 SF

      125 Louie Pl

      HOTEL/MOTEL • 81,308 SF
      125 Louie Pl, Lexington, KY 40511-2065
      View Details
    • Value Estimation by Request
      3,072 SF

      750 Newtown Ct

      HOTEL/MOTEL • 3,072 SF
      750 Newtown Ct, Lexington, KY 40511-1252
      View Details
    • Value Estimation by Request
      42,525 SF

      603 Adcolor Dr

      HOTEL/MOTEL • 42,525 SF
      603 Adcolor Dr, Lexington, KY 40511-1847
      View Details
    • Value Estimation by Request
      114,933 SF

      1938 Stanton Way

      HOTEL/MOTEL • 114,933 SF
      1938 Stanton Way, Lexington, KY 40511-1351
      View Details

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    Similar Nearby for Lease

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      200,000 SF

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      Coldstream Research Park Office Space

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      16,290 SF

      Lexington Retail Space Available

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    • Contact for pricing
      86,700 SF

      Lexington Flex Space Available

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      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      1.3k
    • Avg Time on site
      399 min
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    1080 Newtown Pike
    Lexington, KY 40511-1212
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    Realmo Value Estimation

    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.

    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.

    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
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