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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Hotels
1973 Plaudit Pl Lexington, KY 40509-2418
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0478505
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Total area
53,491 SF
Lot
2.68 ac (116,741 SF)
Zoning code
B-5P
APN
19987010
UPID
US34-0478505
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
-
Hilton Garden Inn Lexington Hotel & Motel
-
Interstate Hotels & Resorts Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.25M
Owner & transaction history
Mahalaxmi Host 5 LLC · 3 yrs held
Mahalaxmi Host 5 LLC
since 2022
Last sale
$8.3M
3 recorded transactions
Zoning & alternative use
B-5P · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article 11 - INTERCHANGE SERVICE BUSINESS (B-5P) ZONE Share Download Bookmark Print Sec. 11-1. - Intent. The intent of this zone is to permit the establishment of limited commercial facilities which should be located at limited access highway interchange areas so that the traveling public is conveniently provided with transient type services without endanger…
Zone name
Interchange Service Business
General category
COMMERCIAL
Zone area
362.11 ac
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$11,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,365,000
6.5%
$4,955,000
7%
$4,600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,810,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$11,000,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$10,530,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$10,360,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,335,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±10% · vs last sale $8.32M (Dec 28 2022)
Last sale anchor
$8.32M
Dec 28 2022
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
$154 / 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
$98,928
Tax year 2023
Assessed value
$8,000,000
Assessed 2023
Previous assessed
$6,138,000
+30.3% YoY
Effective rate
1.24%
On assessed value
Total market value
$8,000,000
Applied tax rate
1.0000
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
1998
Heating
YES
Cooling
CENTRAL
Stories
3
Units
100
Total area
53,491 SF
Lot
2.68 ac (116,741 SF)
Zoning code
B-5P
APN
19987010
UPID
US34-0478505
Jurisdiction
FAYETTE
Zoning & alternative use
B-5P · Lexington, KYZoning B-5P · permitted uses
B-5P · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article 11 - INTERCHANGE SERVICE BUSINESS (B-5P) ZONE Share Download Bookmark Print Sec. 11-1. - Intent. The intent of this zone is to permit the establishment of limited commercial facilities which should be located at limited access highway interchange areas so that the traveling public is conveniently provided with transient type services without endangering the movement along, as well as access to and from, the limited access highway. The standards contained in this Article are intended to provide adequate protection for, and consideration of, the traveling public. This zone should be established in accordance with the Goals, Objectives, Policies, and Development Criteria of the Comprehensive Plan. (Code 1983, § 11-1; Ord. No. 263-83 , § 1, 12-15-1983; Ord. No. 137-2016 , § 3(11-1), 7-7-2016; Ord. No. 020-2023 , § 20, 3-9-2023) Share Download Bookmark Print
Zone name
Interchange Service Business
General category
COMMERCIAL
Zone area
362.11 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$10.4M
WAREHOUSE, STORAGE
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Heating
YES
Cooling
Yes
Stories
3
Units
100
Lot
2.68 ac
Current owner
From public records · entity-resolved
Mahalaxmi Host 5 LLC
Entity
Mailing address
1780 SHARKEY WAY, LEXINGTON, KY 40511-2028
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
$8,320,000
Mahalaxmi Host 5 LLC
Lexington Hotel LLC
Deed
$9,600,000 · Traditional Bank INC
May 9, 2017
—
Lexington Hotel LLC
—
Deed
related
$9,931,575 · Morton Comm Bk
Oct 10, 2013
$6,800,000
Lexington Hgi LLC
Fclc Lex LLC
Deed
—
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.
Try Rey
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