Back to Search
Property profile & analytics
OFF-MARKET
Hotels
2241 Elkhorn Rd Lexington, KY 40505-4839
Entity Owned
8-yr Hold
Free & Clear
Property ID
US34-0566482
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Total area
13,130 SF
Lot
4.11 ac (178,988 SF)
Zoning code
B-5P
APN
20064280
UPID
US34-0566482
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
-
UK Hospital Hospital
-
Lexington Hospitality Group Hotel & Motel
-
Red Roof Inn and Suites Hamburg Lexington Hotel & Motel
-
Lexington Bible Believers Assembly Church
-
Red Roof Inn & Suites Lexington - Hamburg Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dharmaguru Hotels LLC · 8 yrs held
Dharmaguru Hotels LLC
since 2018
4 recorded transactions
Zoning & alternative use
B-5P · Lexington, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,415
Tax year 2023
Assessed value
$3,430,000
Assessed 2023
Previous assessed
$3,430,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$3,430,000
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
1992
Heating
NONE
Cooling
WINDOW A/C
Buildings
2
Stories
2
Units
110
Total area
13,130 SF
Lot
4.11 ac (178,988 SF)
Zoning code
B-5P
APN
20064280
UPID
US34-0566482
Jurisdiction
FAYETTE
Zoning & alternative use
B-5P · Lexington, KY
Zoning 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
Lexington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
110
Lot
4.11 ac
Current owner
From public records · entity-resolved
Dharmaguru Hotels LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2011 ALVERSON DR, PARIS, KY 40361-2207
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
$3,650,000
Dharmaguru Hotels LLC
Shivram 1 Hospitality LLC
Deed
—
Feb 1, 2018
—
Dharmaguru Hotels LLC
—
Deed
related
$3,200,000 · Commonwealth Business Bk
Mar 14, 2014
$1,938,113
Shivram 1 Hospitality LLC
Laxmi Hotels Of Lex Three INC
Deed
—
Jun 5, 2013
$400,000
Laxmi Hotels Of Lex Three INC
Lsref2 Clover Prop 10 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2241 Elkhorn Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
