Technical
Financial
Distress signals
Property profile

2251 Elkhorn Rd Lexington, KY 40505

OFF-MARKET
Hotels
Property ID
US34-0416056
64,109 SF 2.31 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1987
Total area 64,109 SF
Lot 2.31 ac (100,624 SF)
Zoning code B-5P
APN 20812308
UPID US34-0416056

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Sports Field & Court
  • Hotel & Motel

Location

2251 Elkhorn Rd Lexington, KY 40505-4813
Lexington metro Census 3300 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.22M
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.37M

Owner & transaction history

since 2023
Last sale
$5.8M
2 recorded transactions
2023
$5.8M
2023
Price N/A

Zoning & alternative use

B-5P · Lexington, KY
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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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