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    Property profile & analytics

    249 Ruccio Way Lexington, KY 40503-3584

    • Hotels
    • 58,456 SF
    • 2.57 lot acres
    OFF-MARKET
    Value Estimation
    $12,295,000
    Last Sale
    Nov 16, 2022
    $9,625,000
    Location Intelligence
    Property ID
    US34-0505242
    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

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Homewood Suites by Hilton Lexington Fayette Mall / Extended Stay Hotel

    Property Details for 249 Ruccio Way

    Year built
    2003
    Lot size
    2.57 lot acres
    Property size
    58,456 SF
    Zone code
    B-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    38013530
    APU
    38013530

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,355,000
      6.5%
      $9,415,000
      7%
      $8,950,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,515,000
      Geo Method
      $8,750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,680,000
      Retail
      $10,420,000
      Mixed-Use
      $8,365,000
      Hospitality
      $10,780,000
      Educational
      $10,680,000
      Residential Income
      $9,350,000
      Energy
      $8,045,000
      Income-Based Land
      $10,380,000
      Food Service
      $10,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.529
    Latitude
    37.997
    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
    $119,023
    $0.00
    $0.00
    $9,625,000
    -
    $0.00
    $0.00
    $9,625,000

    Comparable in this City

    • Value Estimation
      $4,290,000
      36,432 SF

      2651 Wilhite Dr

      HOTEL/MOTEL • 36,432 SF
      2651 Wilhite Dr, Lexington, KY 40503-3301
      View Details
    • Value Estimation by Request
      32,526 SF

      1201 Limestone

      HOTEL/MOTEL • 32,526 SF
      1201 Limestone, Lexington, KY 40503-1061
      View Details
    • Value Estimation by Request
      66,336 SF

      1953 Nicholasville Rd

      HOTEL/MOTEL • 66,336 SF
      1953 Nicholasville Rd, Lexington, KY 40503-2043
      View Details
    • Value Estimation by Request
      23,945 SF

      1225 Limestone, Unit 1229

      HOTEL/MOTEL • 23,945 SF
      1225 Limestone, Lexington, KY 40503-1061
      View Details
    • Value Estimation by Request
      72,224 SF

      2368 Professional Hts Dr

      HOTEL/MOTEL • 72,224 SF
      2368 Professional Hts Dr, Lexington, KY 40503-3003
      View Details
    • Value Estimation by Request
      165,690 SF

      245 Lexington Grn Cir

      HOTEL/MOTEL • 165,690 SF
      245 Lexington Grn Cir, Lexington, KY 40503-3318
      View Details

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    Similar Nearby for Lease

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      104,974 SF

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      Lexington Medical Office Opportunity

      Prime Medical/Restaurant Space - Lease or Buy
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      5,000 SF

      Lexington Retail Outparcel Opportunity

      5,000 SF Retail Pad, Prime Location
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      View Details
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      1,190,985 SF

      Fayette Mall Retail Space

      Lexington, KY Shopping Center Opportunity
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    • Contact for pricing

      Lexington Green Office Sublease Opportunity

      Turn-key office space in a prime Lexington location.
      220 Lexington Green Cir, Lexington, KY 40503
      View Details

    Property Visit Statistics

    • Visits by month
      4.3k
    • Visitors by month
      2.0k
    • Avg Time on site
      422 min
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    Lexington, KY 40503-3584
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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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