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Property profile & analytics
OFF-MARKET
Estimated value
$8,565,000
Hotels
3711 Chamberlain Ln Louisville, KY 40241-2001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0030345
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Total area
49,407 SF
Lot
2.27 ac (98,881 SF)
Zoning code
C1-COMMERCIAL
APN
21001404110000
UPID
US34-0030345
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
-
Holiday Inn Express Louisville Northeast, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.61M
Blend (final)
Blend
$8.57M
Owner & transaction history
Grace Hospitality LLC · 4 yrs held
Grace Hospitality LLC
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+69.3%
Auto repair, garage
$9.5M
+47.0%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
Method
Estimation
Statistic approach
$8,615,000
ML approach
$8,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,435,000
Current use
RESTAURANT
$10,890,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,460,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$6,285,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$5,755,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$8.57M
Range $7.71M – $9.42M · ±10% · vs last sale $8.50M (Mar 17 2022)
Last sale anchor
$8.50M
Mar 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
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
$98,430
Tax year 2023
Assessed value
$8,500,000
Assessed 2023
Previous assessed
$7,929,640
+7.2% YoY
Effective rate
1.16%
On assessed value
Assessed land
$898,000
Assessed improvement
$7,602,000
Land market value
$898,000
Improvement market value
$7,602,000
Total market value
$8,500,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2000
Heating
YES
Cooling
YES
Stories
3
Total area
49,407 SF
Lot
2.27 ac (98,881 SF)
Zoning code
C1-COMMERCIAL
APN
21001404110000
UPID
US34-0030345
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.4M
RESTAURANT
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
3
Lot
2.27 ac
Current owner
From public records · entity-resolved
Grace Hospitality LLC
Entity
Mailing address
3711 CHAMBERLAIN LN, LOUISVILLE, KY 40241-2001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$8,500,000
Grace Hospitality LLC
Hemish LLC
Warranty Deed
$6,375,000 · First Harrison Bank
Jan 28, 2021
—
Hemish LLC
—
Deed
related
$4,500,000 · First Tr Bk
Jul 20, 2020
—
Hemish LLC
—
Deed
related
$4,500,000 · First Tr Bk
Apr 20, 2020
—
Hemish LLC
—
Deed
related
$4,500,000 · First Tr Bk
Jul 27, 2017
—
Hemishllc
—
Deed
related
$4,500,000 · First Tr Bk
Aug 23, 2004
$4,700,000
Rakesh Patel
West Port Hospitality LLC
Warranty Deed
—
Aug 23, 2004
—
Hemish LLC
Patel,rakesh & Damayanti
Warranty Deed
related
$4,000,000 · Farmers Bank
—
—
Hemish LLC
—
Loan Modification
related
$4,500,000 · First Tr Bk
—
—
Hemishllc
—
Deed Of Trust
related
$4,500,000 · First Tr Bk
—
—
Hemish LLC
—
Loan Modification
related
$4,500,000 · First Tr Bk
—
—
Hemish LLC
—
Loan Modification
related
$4,500,000 · First Tr Bk
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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