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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Hotels
4444 Dixie Hwy Shively, KY 40216-2866
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0079598
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
56,568 SF
Lot
2.8 ac (122,142 SF)
Zoning code
C2-COMMERCIAL
APN
25102102070008
UPID
US34-0079598
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
$6.47M
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$6.40M
Owner & transaction history
Akshar Deri Hospitality LLC · 3 yrs held
Akshar Deri Hospitality LLC
since 2022
Last sale
$6.2M
4 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Shively, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Shively submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shively 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
$6,650,000
ML approach
$6,470,000
CAP Approach
CAP Return
Estimation
6%
$5,200,000
6.5%
$4,800,000
7%
$4,460,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,365,000
Current use
OFFICE BUILDING
$6,590,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±10% · vs last sale $6.23M (Nov 9 2022)
Last sale anchor
$6.23M
Nov 9 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
$113 / 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
$62,195
Tax year 2023
Assessed value
$6,231,960
Assessed 2023
Previous assessed
$2,938,270
+112.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,631,960
Assessed improvement
$4,600,000
Land market value
$1,631,960
Improvement market value
$4,600,000
Total market value
$6,231,960
Applied tax rate
24.0000
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
2008
Heating
YES
Cooling
YES
Stories
3
Total area
56,568 SF
Lot
2.8 ac (122,142 SF)
Zoning code
C2-COMMERCIAL
APN
25102102070008
UPID
US34-0079598
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Shively, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Shively, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shively. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.6M
HOTEL/MOTEL Current
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
2008
Heating
YES
Cooling
Yes
Stories
3
Lot
2.8 ac
Current owner
From public records · entity-resolved
Akshar Deri Hospitality LLC
Entity
Mailing address
6712 ELMCROFT CIR, LOUISVILLE, KY 40241-5860
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$6,231,960
Akshar Deri Hospitality LLC
Louisville Sw Hotel LLC
Deed
$4,958,000 · Community Trust Bank INC
Jun 16, 2008
—
Desai Marolia Investment Corp
—
Trustees Deed
related
$1,764,425 · Bmc & Friends LLC
Apr 27, 2005
—
Desai Marolia Investment Corp
Desai Marolia Investment Corp
Quit Claim Deed
related
—
—
—
Louisville Sw Hotel LLC
—
Deed Of Trust
related
$501,976 · Farmers Bk & Cap Tr
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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