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Property profile & analytics
OFF-MARKET
Estimated value
$4,860,000
Hotels
8050 Holiday Pl Florence, KY 41042-9658
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0551032
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Total area
26,036 SF
Lot
4.71 ac (205,255 SF)
APN
062.00-00-051.01
UPID
US34-0551032
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
-
Baymont by Wyndham Florence Cincinnati Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.86M
Owner & transaction history
Carmax Auto Superstores INC · 3 yrs held
Carmax Auto Superstores INC
since 2022
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+819.7%
Restaurant
$3.9M
+550.9%
Office building
$3.4M
+467.5%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$5,065,000
ML approach
$5,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,450,000
Change: +820% · Conversion: Difficult
RESTAURANT
$3,855,000
Change: +551% · Conversion: Difficult
OFFICE BUILDING
$3,365,000
Change: +468% · Conversion: Difficult
MEDICAL BUILDING
$2,980,000
Change: +403% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.35M · ±10% · vs last sale $4.60M (Aug 5 2022)
Last sale anchor
$4.60M
Aug 5 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
$187 / 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
$43,378
Tax year 2023
Assessed value
$4,600,000
Assessed 2023
Previous assessed
$2,450,000
+87.8% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$3,600,000
Land market value
$1,000,000
Improvement market value
$3,600,000
Total market value
$4,600,000
Applied tax rate
3.0000
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
1973
Heating
NONE
Cooling
NONE
Stories
1
Total area
26,036 SF
Lot
4.71 ac (205,255 SF)
APN
062.00-00-051.01
UPID
US34-0551032
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL 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
1973
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.71 ac
Current owner
From public records · entity-resolved
Carmax Auto Superstores INC
Entity
Mailing address
12800 TUCKAHOE CRK PKWY, RICHMOND, VA 23238-1115
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$4,600,000
Carmax Auto Superstores INC
Welcome Holiday Hotel INC
Special Warranty Deed
—
Feb 22, 2017
$2,450,000
Welcome Holiday Hotel INC
Rpj Hotels LLC
Special Warranty Deed
$530,000 · Bank Of George
Oct 20, 2016
—
Rpj Hotels LLC
—
Deed
related
$750,000 · Spring Valley Bank
Apr 30, 2015
$975,000
Rjp Hotels LLC
Kentucky Hotels LLC
Warranty Deed
—
Oct 29, 2013
$1,010,000
Kentucky Hotels LLC
Grewal Enterprises LLC
Special Warranty 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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