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Property profile & analytics
OFF-MARKET
Estimated value
$5,895,000
Hotels
11711 Gateworth Way Louisville, KY 40299-4673
Entity Owned
~
Est. High Equity
Property ID
US34-0015911
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Total area
61,065 SF
Lot
2.46 ac (107,332 SF)
Zoning code
C1-COMMERCIAL
APN
22003905400000
UPID
US34-0015911
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Staybridge Suites Louisville-East, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$5.92M
Blend (final)
Blend
$5.90M
Owner & transaction history
Gateworth Acquisition LLC
Gateworth Acquisition LLC
since 2025
Last sale
$6.5M
6 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,105,000
6.5%
$4,710,000
7%
$4,375,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,955,000
Current use
OFFICE BUILDING
$6,460,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.90M
Range $5.31M – $6.48M · ±10% · vs last sale $6.48M (Dec 19 2025)
Last sale anchor
$6.48M
Dec 19 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$97 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,638
Tax year 2023
Assessed value
$4,286,520
Assessed 2023
Previous assessed
$1,575,267
+172.1% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,321,160
Assessed improvement
$2,965,360
Land market value
$1,321,160
Improvement market value
$2,965,360
Total market value
$4,286,520
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2001
Heating
YES
Cooling
NONE
Stories
3
Total area
61,065 SF
Lot
2.46 ac (107,332 SF)
Zoning code
C1-COMMERCIAL
APN
22003905400000
UPID
US34-0015911
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.0M
OFFICE BUILDING
Est. value
$6.5M
HOTEL/MOTEL Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
3
Lot
2.46 ac
Current owner
From public records · entity-resolved
Gateworth Acquisition LLC
Entity
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$5,980,000
Gateworth Acquisition LLC
Hotel 11711 Gateworth LP
Special Warranty Deed
—
Dec 19, 2025
$6,480,000
Evergreen Hospitality LLC
Gateworth Acquisition LLC
Special Warranty Deed
—
Jun 3, 2015
$7,300,000
Hotel 11711 Gateworth LP
Louisville Hospitality Ptrs Ll
Grant Deed
—
—
—
Hotel 11711 Gateworth LP
—
Deed Of Trust
related
$215,000,000 · Citigroup Global Markets Rlty
—
—
Louisville Hospitality Ptrs Ll
—
Deed Of Trust
related
$500,000 · Irwin Union Bank & Trust Co
—
—
Louisville Hospitality Ptrs Ll
—
Deed Of Trust
related
$4,537,620 · First Financial Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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