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    Property profile & analytics

    225 Sturgis Rd Marion, KY 42064

    • Motels
    • 6,344 SF
    • 2.00 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1446798
    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

    • Royal Inn & Suites / Motel

    Property Details for 225 Sturgis Rd

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    6,344 SF
    Property type
    Motels
    APN
    070-60-06-001.00
    APU
    70600600100

    Description

    This charming 19-key motel presents a compelling investment opportunity in Marion, Kentucky. Situated on a spacious 2.7-acre lot at 225 Sturgis Rd, this established property offers significant potential for growth. Built in 1951, the Royal Inn has benefited from renovations, ensuring its rooms are well-maintained and equipped with necessary amenities. The asking price is $1,500,000. The motel enjoys a highly desirable location, offering convenient access to I-24 and US-60, placing it minutes from the James Bruce Convention Center, Lake Barkley, and Kentucky Lake. This strategic positioning within a thriving area, boasting a 2022 median household income of $50,158 within a one-mile radius and $76,494 on average, makes it an attractive prospect for investors seeking to enter or expand their presence in the hospitality sector. The property's strong location and established operational history make it a solid investment with potential for increased profitability. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential. The property's size and location provide ample opportunity for future expansion or diversification of services. This is a rare opportunity to acquire a well-established motel in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Crittenden
    State
    Kentucky
    Longitude
    -88.0751
    Latitude
    37.3417

    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
    $2,997
    $25,000
    $0.00
    $25,000
    -
    $25,000
    $0.00
    $25,000

    Comparable in this City

    • Value Estimation
      $255,000
      7,286 SF

      110 Sturgis Rd

      MOTEL • 7,286 SF
      110 Sturgis Rd, Marion, KY 42064-1234
      View Details
    • Value Estimation
      $270,000
      1,200 SF

      243 Travis St

      MOTEL • 1,200 SF
      243 Travis St, Marion, KY 42064-1137
      View Details
    • Value Estimation
      $275,000
      4,974 SF

      514 Bellville St

      MOTEL • 4,974 SF
      514 Bellville St, Marion, KY 42064-1302
      View Details
    • Value Estimation
      $195,000
      5,000 SF

      4021 Mott City Rd

      MOTEL • 5,000 SF
      4021 Mott City Rd, Marion, KY 42064-7807
      View Details
    • Value Estimation
      $220,000
      5,058 SF

      1251 Pilot Knob Cemetery Rd

      MOTEL • 5,058 SF
      1251 Pilot Knob Cemetery Rd, Marion, KY 42064-6001
      View Details
    • Value Estimation
      $160,000
      2,816 SF

      5830 State Rte 297

      MOTEL • 2,816 SF
      5830 State Rte 297, Marion, KY 42064-6705
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2.70 Acres

      Royal Inn: Marion, KY Motel

      19-Key Motel, Prime Location
      225 Sturgis Rd, Marion, KY 42064
      View Details
    • $475,000
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      Crittenden County Hunting Tract

      103.43 acre hunting tract with barndominium in Kentucky.
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    • $774,900
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      Versatile Marion Property with Potential

      Spacious, handicap-accessible property ideal for various uses in Marion.
      60 Nichols Ave, Marion, KY 42064
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    • $449,000
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      Hunting Land with Cabin

      108.82 acre hunting tract with cabin in Kentucky.
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      View Details
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    225 Sturgis Rd
    Marion, KY 42064
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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