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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Hotels
6122 Airport Hotels Blvd Louisville, KY 40213-3288
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-2395654
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Total area
98,274 SF
Lot
3.52 ac (153,288 SF)
Zoning code
C2-COMMERCIAL
APN
13087L00250000
UPID
US34-2395654
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
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Godavari Hotels INC · 1 yrs held
Godavari Hotels INC
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
C2-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
$575,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $650k (Apr 17 2025)
Last sale anchor
$650k
Apr 17 2025
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
$8 / 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
$33,079
Tax year 2023
Assessed value
$2,464,940
Assessed 2023
Previous assessed
$2,464,940
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,211,890
Assessed improvement
$1,253,050
Land market value
$1,211,890
Improvement market value
$1,253,050
Total market value
$2,464,940
Applied tax rate
23.0000
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
1974
Heating
YES
Cooling
NONE
Stories
6
Total area
98,274 SF
Lot
3.52 ac (153,288 SF)
Zoning code
C2-COMMERCIAL
APN
13087L00250000
UPID
US34-2395654
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Zoning C2-COMMERCIAL · permitted uses
C2-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
1974
Heating
YES
Cooling
Yes
Stories
6
Lot
3.52 ac
Current owner
From public records · entity-resolved
Godavari Hotels INC
Entity
Free & Clear · 1 yrs held
Mailing address
2912 CRITTENDEN DR, LOUISVILLE, KY 40209-1118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
—
Godavari Hotels INC
Godavari Hotels INC
Deed
related
—
Apr 16, 2025
$650,000
Godavari Hotels INC
Lata Baa LLC
Special Warranty Deed
—
Jun 26, 2018
—
Godavari Hotels INC
—
Grant Deed
related
$10,361,844 · Paducah Bk&tr
Jul 21, 2017
$422,890
Godavari Hotels INC
Godavari Hotels INC
Grant Deed
related
—
Jun 20, 2017
—
V Ents LLC
—
Trustees Deed
related
$2,050,000 · Schulte Hospitality Group INC
Apr 17, 2017
—
Godavari Hotels INC
Ritz Hotels LLC
Grant Deed
related
—
Feb 16, 2017
$4,400,000
Ritz Hotels LLC
Fern Valley Hotel Holding LLC
Grant Deed
—
Sep 28, 2011
$2,375,000
Fern-valley Hotel Holdings LLC
2715 Fern Valley Road Holdings
Grant Deed
related
$1,200,000 · Houtex LLC
Aug 3, 2011
$4,100,000
2715 Fern Valley Road Holdings
Commissioner Of Jefferson Cnty
Trustees Deed
related
—
Jan 5, 2006
—
Cp Louisville South LLC
Grandview Hotel
Grant Deed
$12,350,000 · Wachovia Bank NA
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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