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    Property profile & analytics

    196 Prince Royal Dr Berea, KY 40403-1468

    • Motels
    • 22,812 SF
    OFF-MARKET
    Value Estimation
    $1,860,000
    Last Sale
    Mar 31, 2025
    $1,930,111
    Location Intelligence
    Property ID
    US34-1963228
    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

    • Red Roof Inn Berea / Hotel / Extended Stay Hotel

    Property Details for 196 Prince Royal Dr

    Property size
    22,812 SF
    Property type
    Motels
    APN
    B001-0001-0029
    APU
    B00100010029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,925,000
      6.5%
      $2,075,000
      7%
      $2,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,100,000
      Geo Method
      $1,660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,850,000
      Retail
      $1,560,000
      Mixed-Use
      $1,575,000
      Hospitality
      $1,795,000
      Educational
      $1,630,000
      Residential Income
      $2,035,000
      Energy
      $1,705,000
      Income-Based Land
      $1,810,000
      Food Service
      $2,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3097
    Latitude
    37.57
    CBSA code
    40080
    CBSA name
    RICHMOND-BEREA, KY MICROPOLITAN 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
    $8,829
    $0.00
    $0.00
    $675,000
    -
    $0.00
    $0.00
    $675,000

    Comparable in this City

    • Value Estimation by Request
      41,418 SF

      1043 Brooklyn Blvd

      HOTEL/MOTEL • 41,418 SF
      1043 Brooklyn Blvd, Berea, KY 40403-1090
      View Details
    • Value Estimation by Request
      5,916 SF

      101 Burdette St

      HOTEL/MOTEL • 5,916 SF
      101 Burdette St, Berea, KY 40403-1491
      View Details
    • Value Estimation by Request
      1,272 SF

      1029 Cooper Dr

      HOTEL/MOTEL • 1,272 SF
      1029 Cooper Dr, Berea, KY 40403-9813
      View Details
    • Value Estimation by Request
      2.20 Acres

      227 Paint Lick Rd

      HOTEL/MOTEL • 2.20 Acres
      227 Paint Lick Rd, Berea, KY 40403-8078
      View Details
    • Value Estimation by Request
      2,576 SF

      176 Spg Cir Rd

      HOTEL/MOTEL • 2,576 SF
      176 Spg Cir Rd, Berea, KY 40403-8503
      View Details
    • Value Estimation by Request
      29,878 SF

      601 Richmond N Rd

      HOTEL/MOTEL • 29,878 SF
      601 Richmond N Rd, Berea, KY 40403-8788
      View Details

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    Similar Nearby for Lease

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      Adaptable space suitable for retail, office, or wholesale ventures.
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      Prime Berea location, build-to-suit available.
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      View Details
    • New
      $1,000 /Mo
      1,000 SF

      Retail Space in Berea, KY

      Retail space suitable for salon or barber shop.
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      View Details
    • $2,500 /Mo
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      Versatile Commercial Building in Berea

      2,500 sq ft commercial space suitable for diverse business uses.
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      View Details

    Property Visit Statistics

    • Visits by month
      27.6k
    • Visitors by month
      18.9k
    • Avg Time on site
      12 min
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    196 Prince Royal Dr
    Berea, KY 40403-1468
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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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