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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Hotels
6109 Preston Hwy Louisville, KY 40219-1319
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-0034244
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Total area
15,048 SF
Lot
0.64 ac (27,748 SF)
Zoning code
C1-COMMERCIAL
APN
23063202600000
UPID
US34-0034244
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
-
Econo Lodge Louisville Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Nilkanth One INC · 6 yrs held
Nilkanth One INC
since 2019
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$58 / 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
$16,819
Tax year 2023
Assessed value
$1,440,000
Assessed 2023
Previous assessed
$1,440,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$137,320
Assessed improvement
$1,302,680
Land market value
$137,320
Improvement market value
$1,302,680
Total market value
$1,440,000
Applied tax rate
6.0000
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
2001
Heating
YES
Cooling
NONE
Stories
2
Total area
15,048 SF
Lot
0.64 ac (27,748 SF)
Zoning code
C1-COMMERCIAL
APN
23063202600000
UPID
US34-0034244
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.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Nilkanth One INC
Entity
Mailing address
6109 PRESTON HWY, LOUISVILLE, KY 40219-1319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
Nilkanth One INC
Samir Patel
Correction Deed
related
$955,000 · Republic Bk&tr
Aug 15, 2016
—
Nilkanth One INC
—
Deed
related
$1,349,900 · Your Cmnty Bk
Feb 24, 2006
$1,425,000
Nilkanth One INC
Patel,samir
Grant Deed
related
$725,000 · Republic Bank & Trust
—
—
Nilkanth One INC
—
Deed Of Trust
related
$949,600 · Your Cmnty Bk
—
—
Nilkanth One INC
—
Deed Of Trust
related
$955,000 · Republic Bk&tr
—
—
Nilkanth One INC
—
Deed Of Trust
related
$1,349,900 · Your Cmnty Bk
—
—
Nilkanth One INC
—
Deed Of Trust
related
$629,995 · Your Community Bank
—
—
Nilkanth One INC
—
Deed Of Trust
related
$978,702 · Your Community Bank
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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