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    Property profile & analytics

    2221 Elkhorn Rd Lexington, KY 40505-4837

    • Hotels
    • 29,202 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-0442148
    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

    • Baymont by Wyndham Lexington / Hotel / Inn
    • Best Western Lexington Inn / Hotel

    Property Details for 2221 Elkhorn Rd

    Year built
    1995
    Lot size
    1.23 lot acres
    Property size
    29,202 SF
    Zone code
    B-5P
    Property type
    Hotels
    Property subtype
    Motels
    APN
    20064260
    APU
    20064260

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4236
    Latitude
    38.0455
    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
    $31,533
    $0.00
    $0.00
    $2,550,000
    -
    $0.00
    $0.00
    $2,550,000

    Comparable in this City

    • Value Estimation by Request
      49,608 SF

      2255 Buena Vis Rd

      HOTEL/MOTEL • 49,608 SF
      2255 Buena Vis Rd, Lexington, KY 40505-4826
      View Details
    • Value Estimation by Request
      13,130 SF

      2241 Elkhorn Rd

      HOTEL/MOTEL • 13,130 SF
      2241 Elkhorn Rd, Lexington, KY 40505-4839
      View Details
    • Value Estimation by Request
      63,264 SF

      2381 Buena Vis Rd

      HOTEL/MOTEL • 63,264 SF
      2381 Buena Vis Rd, Lexington, KY 40505-4844
      View Details
    • Value Estimation by Request
      11,800 SF

      2260 Elkhorn Rd

      HOTEL/MOTEL • 11,800 SF
      2260 Elkhorn Rd, Lexington, KY 40505-4842
      View Details
    • Value Estimation by Request
      22,708 SF

      2351 Buena Vis Rd

      HOTEL/MOTEL • 22,708 SF
      2351 Buena Vis Rd, Lexington, KY 40505-4843
      View Details
    • Value Estimation by Request
      90,576 SF

      2143 Broadway

      HOTEL/MOTEL • 90,576 SF
      2143 Broadway, Lexington, KY 40505-1753
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Lexington Restaurant w/ Drive-Thru

      Freestanding Restaurant, High Traffic Area
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    Similar Nearby for Lease

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      Versatile Flex Space on Winchester Road

      17,579 SF flex space near downtown Lexington.
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      Lexington Business Center: Prime Flex Space

      15,263 SF Flex/Warehouse Available
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    • $18 SF/Yr
      1,894 SF

      Mixed-Use Space in Lexington, KY

      Mixed-use property with office and retail space available for rent.
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      54,277 SF

      Lexington Retail Center - High Traffic

      Prime Lexington retail space available. High foot traffic location.
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    • $15 SF/Yr
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      Lexington Retail/Office Space Available

      Visible Lexington commercial center with ample parking and flexible layouts.
      565 E New Circle Rd, Lexington, KY 40505
      View Details

    Property Visit Statistics

    • Visits by month
      29.3k
    • Visitors by month
      26.3k
    • Avg Time on site
      58 min
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    2221 Elkhorn Rd
    Lexington, KY 40505-4837
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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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