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Property profile & analytics
OFF-MARKET
Hotels
345 Vine St Lexington, KY 40507-1615
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-0606085
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Total area
278,944 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-2B
APN
13627451
UPID
US34-0606085
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
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
Rc Land Co LLC · 5 yrs held
Rc Land Co LLC
since 2020
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
B-2B · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
gton-Fayette Urban County within which certain regulations and requirements apply under the provisions of this Zoning Ordinance. Zone, agricultural, means A-R, A-B, A-N or A-U zone. Zone, business, means B-1, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zo…
Zone name
Lexington Center Business
General category
COMMERCIAL
Zone area
158.21 ac
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
$409,624
Tax year 2023
Assessed value
$33,125,000
Assessed 2023
Previous assessed
$29,350,000
+12.9% YoY
Effective rate
1.24%
On assessed value
Total market value
$33,125,000
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
1982
Heating
YES
Cooling
YES
Stories
15
Units
366
Total area
278,944 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-2B
APN
13627451
UPID
US34-0606085
Jurisdiction
FAYETTE
Zoning & alternative use
B-2B · Lexington, KYZoning B-2B · permitted uses
B-2B · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
gton-Fayette Urban County within which certain regulations and requirements apply under the provisions of this Zoning Ordinance. Zone, agricultural, means A-R, A-B, A-N or A-U zone. Zone, business, means B-1, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2, R-3, R-4, R-5, EA
Zone name
Lexington Center Business
General category
COMMERCIAL
Zone area
158.21 ac
Building & site characteristics
From public records
Year built
1982
Heating
YES
Cooling
Yes
Stories
15
Units
366
Lot
0.75 ac
Current owner
From public records · entity-resolved
Rc Land Co LLC
Entity
Mailing address
369 W VINE ST, LEXINGTON, KY 40507-1834
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
49 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Lexington Downtown Hotel LLC
—
Deed
related
$40,000,000 · Carbon Capital Vii LLC
Dec 21, 2020
$210,000
Rc Land Co LLC
Entrust Group INC
Condominium Deed
$168,000 · Central Bk & Tr Co
Oct 22, 2020
—
Carol Worsham
—
Deed
related
$261,500 · Traditional Bk
Sep 3, 2020
$250,000
Ilham Bacha 2 LLC
Agc Prop LLC
Condominium Deed
$200,000 · Kentucky Bk
Apr 4, 2019
—
Isaacs Johnny JR
—
Deed
related
$193,500 · Springfield State Bk
Mar 12, 2019
—
Lexington Downtown Hotel LLC
—
Deed
related
$39,242,821 · Tpg Re Fin 21 Ltd
Feb 13, 2019
—
Fred M Worsham JR
—
Deed
related
$950,000 · Traditional Bk
Jan 14, 2019
$130,000
Bryan Tyler Ira #7230006827
Payne Prop Mgt LLC
Condominium Deed
—
Jan 11, 2019
$190,000
Entrust Group INC
Donna Payne
Condominium Deed
—
Dec 3, 2018
$94,800
Donna Payne
Brian Tyler
Condominium Deed
—
Aug 30, 2018
$185,000
Brian Tyler
Lucy Clark
Condominium Deed
$51,150 · Huntington Natl Bk
Apr 3, 2018
—
Payne Prop Mgt LLC
—
Deed
related
$264,000 · Traditional Bk
Jan 23, 2018
$327,000
Brentley C Jones
Ti Toy LLC
Condominium Deed
$261,600 · Huntington Natl Bk
Dec 4, 2017
$345,000
Mccoy Family Irrevocable Tr
Steven F Bartram
Condominium Deed
—
Oct 20, 2017
$350,000
Kenneth R Schomp
Glyn S Evans
Condominium Deed
$280,000 · Central Bk & Tr Co
Oct 13, 2017
$375,000
Burke Lex Prop
John Burke
Condominium Deed
—
Jul 20, 2017
$274,500
Arancione E Verde LLC
Wind Chase Holdings LLC
Condominium Deed
$500,000 · Merchants Natl Bonding INC
May 23, 2017
—
Mickey O Hobbs
—
Deed
related
$20,000 · Bank Of Lex
May 1, 2017
—
Payne Prop Mgt LLC
—
Deed
related
$125,000 · Traditional Bk
Aug 9, 2016
$220,000
Payne Prop Mgt LLC
David A Duff
Condominium Deed
$187,000 · Traditional Bk
Jul 18, 2016
$82,500
Joyce C Erp
Erp Farmer
Condominium Deed
—
Jul 11, 2016
$115,800
Payne Prop Mgt LLC
Bruce Chesnut
Condominium Deed
—
May 10, 2016
—
Erp Farmer
—
Deed
related
$245,800 · U S Small Business Admn
Mar 10, 2016
$211,100
Maram LLC
Karen N Woods
Condominium Deed
—
Oct 16, 2015
$140,000
1804 Vine LLC
David L Dressman
Condominium Deed
—
Sep 29, 2015
$140,000
Ralph E Trust Hacker
Ralph E Hacker
Condominium Deed
—
Sep 4, 2015
$110,000
David L Dressman
Bryan Shumate Short Irrevocable Tr
Condominium Deed
—
Oct 31, 2014
$242,000
Barry Rohrssen
Jacob Reuben
Condominium Deed
—
Jun 20, 2014
$37,100,000
Lexington Downtown Hotel LLC
Mpvf Lex Ptnr LLC
Deed
—
May 21, 2014
$17,000,000
Mcv II LLC
Mcv Venture LLC
Deed
—
Jan 24, 2014
$242,000
Jacob Reuben
Donald B Trust Smith
Condominium Deed
—
Jul 29, 2013
$375,000
John Burke
James H Donnelly JR
Condominium Deed
—
May 17, 2013
$250,000
Barry & Teri Lee Crum Qualified Per
Trust Agreement Of Terry G Kinzer
Deed
—
Mar 8, 2013
$250,000
Hyden Family Tr
Terry G Kinzer
Condominium Deed
—
Nov 7, 2012
$250,000
Terry G Kinzer Tr
Thomas A Collins
Condominium Deed
—
Oct 17, 2012
$177,500
Lucy Clark
Forest L Ramsey
Condominium Deed
—
Dec 14, 2011
$192,000
Dianet Valencia
Harry J Bolwell
Condominium Deed
—
Jun 21, 2011
$159,000
Hair Em Corp INC
United States Of America
Condominium Deed
—
Apr 18, 2011
$145,000
Janice Kregor
Addington Land Co LLC
Condominium Deed
—
Nov 17, 2010
$200,000
Steven F Bartram
Madison Bk
Condominium Deed
—
Aug 18, 2010
$225,000
Terry G Kinzer
Donald A Hall Irrevocable Family Tr
Condominium Deed
—
Apr 9, 2010
$185,000
Kelley L Schweet
William V Benesh
Condominium Deed
—
Feb 26, 2010
$120,000
Timothy J Williams
Melvin M Godby Revocable Liv Tr
Condominium Deed
—
Feb 26, 2010
$275,000
Madison Bk
Barbara Ross
Condominium Deed
—
Feb 23, 2010
$145,000
Melvin M Godby Revocable Liv Tr
Somervest INC
Condominium Deed
—
Jan 20, 2010
$185,000
Anthony Jordan Montgomery
Melissa Martin
Condominium Deed
—
Jan 13, 2010
$185,000
Melissa Martin
Glenn Gatewood
Condominium Deed
—
Jul 24, 2009
$174,000
Agc Prop LLC
Alex G Campbell JR
Condominium Deed
—
Jul 8, 2009
$172,414
Forest L Ramsey
Wind Chase Holdings LLC
Condominium 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.
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