1950 NewtownLexington, KY 40511

  • Hotels
  • 140,970 SF
Off market
$5,220,700 Estimated

Property Details for 1950 Newtown

Year built
1966
Lot size
5.10 AC
Property size (Sq ft)
140,970 SF
Zone code
B-5P
Property type
Hotels
Property subtype
Motels
APN
12547600
APU
12547600

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $24,448,088
    6.5%
    $22,567,466
    7%
    $20,955,504
  • Comparable approach

    Method
    Valuation
    Relative Method
    $27,302,452
    Geo Method
    $41,141,600
  • Alternative Use

    Use
    Valuation
    Residential
    $24,637,116
    Hospitality
    $22,567,466
    Educational
    $18,775,866
    Medical
    $19,421,598
    Retail
    $29,206,904
1950 Newtown, Lexington, Kentucky

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0973
Longitude
-84.4851
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$64,559
-
-
$5,220,700
-
-
-
$5,220,700

Property Visit Statistics

  • Visits by month
    20.8k
  • Visitors by month
    12.4k
  • Avg Time on site
    278 min

FAQs

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