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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Hotels
9400 Blairwood Rd Hurstbourne, KY 40222-5739
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0349682
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Total area
36,668 SF
Lot
1.98 ac (86,379 SF)
Zoning code
C1-COMMERCIAL
APN
22186800060000
UPID
US34-0349682
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
$4.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$4.79M
Owner & transaction history
Adgp Hospitality LLC · 4 yrs held
Adgp Hospitality LLC
since 2022
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Hurstbourne, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.0M
+47.0%
Office building
$6.3M
+31.4%
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 Hurstbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurstbourne 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
$4,990,000
ML approach
$4,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,775,000
Current use
AUTO REPAIR, GARAGE
$7,020,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$6,275,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$4,665,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±10% · vs last sale $4.68M (Feb 2 2022)
Last sale anchor
$4.68M
Feb 2 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
$130 / 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
$53,669
Tax year 2023
Assessed value
$4,675,000
Assessed 2023
Previous assessed
$4,317,950
+8.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,347,530
Assessed improvement
$3,327,470
Land market value
$1,347,530
Improvement market value
$3,327,470
Total market value
$4,675,000
Applied tax rate
26.0000
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
1990
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
36,668 SF
Lot
1.98 ac (86,379 SF)
Zoning code
C1-COMMERCIAL
APN
22186800060000
UPID
US34-0349682
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Hurstbourne, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · Hurstbourne, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hurstbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.3M
RETAIL STORES
Est. value
$4.7M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1990
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Adgp Hospitality LLC
Entity
Mailing address
12015 HUNTING CRST DR, PROSPECT, KY 40059-9176
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$4,675,000
Adgp Hospitality LLC
Xenia Shurgeon Bay LLC
Warranty Deed
$3,840,000 · River City Bank INC
May 2, 2018
$5,200,000
Xenia Sturgeon Bay LLC
Quadrant Hotels LLC
Grant Deed
$927,000 · Park Cmnty Cu
Nov 2, 2017
—
Quadrant Hotels LLC
—
Deed
related
$3,725,000 · Wesbanco Bk
—
—
Quadrant Hotels LLC
—
Deed Of Trust
related
$2,308,079 · Your Community Bank
—
—
Quadrant Hotels LLC
—
Deed Of Trust
related
$1,993,434 · Your Community Bank
—
—
Quadrant Hotels LLC
—
Deed Of Trust
related
$3,725,000 · Wesbanco 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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