1354 Thorpe Ln, San Marcos, TX 78666 – Commercial Improved Land

CommercialYear Built 2015Total Assessed Value $44,088,496County Hays

Property Details

The Commercial property 1354 Thorpe Ln, San Marcos, TX 78666 is located in Hays County. The specific property type is Commercial Improved Land. The total assessed value of this property is $44,088,496.

The gross building area is 333,751 square feet and the land area is 459,035 square feet for this Commercial Improved Land built in 2015.

Legal description: Thorpe Lane Apartments, Lot 1, Acres 10.538 (And Business Personal Property)

$44,088,496

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area333,751

Land Size459,035

Land Value$4,929,120

Improved Value$39,159,376

Total Assessed Value$44,088,496

Year Built2015

County NameHays

Account NumberR140989

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space4

HeatingCentral

PoolSwimming Pools

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionOther

Garage TypeCovered Parking/Carport

Valet Trash1

Exterior WallsMetal

Sales History

8/6/2024

Arms-length$41,296,500

Buyer

Gep Xi Uptown Square Lp

Seller

San Marcos Student Living Dst

Book Number

2024.30195

Recording Date

8/6/2024

Transaction Details

Gep Xi Uptown Square Lp acquired the property from San Marcos Student Living Dst through a Arms-length transaction on 8/6/2024 for $41,296,500.

1/14/2016

Arms-lengthNot Disclosed

Buyer

Inland Real Estate Acquisitions Inc

Seller

Thorpe Lane Apartments Llc

Book Number

2015-15040453

Recording Date

1/14/2016

Transaction Details

Inland Real Estate Acquisitions Inc acquired the property from Thorpe Lane Apartments Llc through a Arms-length transaction on 1/14/2016 for .

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

8/6/2024

New construction residential transactions$31,050,000

Borrower

Gep Xi Uptown Square Lp

Lender

Walker & Dunlop Llc

Book Number

2024.30196

Recording Date

8/6/2024

Transaction Details

Gep Xi Uptown Square Lp borrowed the property from Walker & Dunlop Llc through a New construction residential transactions transaction on 8/6/2024 for $31,050,000.

12/23/2014

Sale$1,750,000

Borrower

Thorpe Lane Apartments Llc

Lender

Bank Of The Ozarks

Book Number

2015.15000529

Recording Date

12/23/2014

Transaction Details

Thorpe Lane Apartments Llc borrowed the property from Bank Of The Ozarks through a transaction on 12/23/2014 for $1,750,000.

Property constructed in 2015

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$4,929,120	$39,159,376	$44,088,496	$44,088,496	Gep Xi Uptown Square...	465 Meeting St Ste 5...	Thorpe Lane Apartmen...	C-Sm-Mf	S8806	459,035	333,751
2025	$4,929,120	$34,770,880	$39,700,000	$39,700,000	Gep Xi Uptown Square...	465 Meeting St Ste 5...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2024	$4,929,120	$38,844,525	$43,773,645	$43,773,645	San Marcos Student L...	Po Box 3666 Attn Pro...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2023	$4,929,120	$36,286,015	$41,215,135	$41,215,135	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2022	$4,177,220	$32,822,780	$37,000,000	$37,000,000	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2021	$3,213,250	$33,319,415	$36,532,665	$36,532,665	San Marcos Student L...	Po Box 3666, Oak Bro...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2020	$3,213,250	$37,488,608	$40,701,858	$40,701,858	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2019	$3,213,250	$36,945,480	$40,158,730	$40,158,730	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2018	$2,754,210	$32,799,914	$35,554,124	$35,554,124	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	S8806	459,035	333,751
2017	$1,836,140	$33,061,434	$34,897,574	$34,897,574	San Marcos Student L...	Po Box 3666, Attn: P...	Thorpe Lane Apartmen...	C-SM-MF	-	459,035	333,751

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1354 Thorpe Ln, San Marcos, TX 78666	—	-	459,035	2015	333,751	$ 44,088,496	$ 4,929,120	-
Resflo Llc	161 Weldon Johnston Way, Kyle, TX 78640	09/26/2025	$ 700,000	49,658	0	-	$ 124,590	$ 124,590	-
Pioneer Finance Inc	5898 Camino Real, Kyle, TX 78640	09/10/2025	$ 7,300,000	256,830	2020	10,452	$ 2,720,100	$ 456,490	5898 Camino Real Business Llc
Mission Valley Bank	1081 Wonder World Dr, San Marcos, TX 78666	08/22/2025	$ 4,602,200	28,619	1997	2,938	$ 902,070	$ 464,030	Blc Hot Dogs Inc
Firstlockhart National Bank	120 W Hopkins St, San Marcos, TX 78666	07/22/2025	$ 257,200	7,351	2011	7,108	$ 705,270	$ 114,570
Guaranty Bank & Trust Na	4980 Transportation Way, San Marcos, TX 78666	06/05/2025	$ 1,645,826	140,525	2014	11,550	$ 1,500,000	$ 256,520	Autobus 2000 Llc
Rocket Mortgage Llc	118 E San Antonio St, San Marcos, TX 78666	05/27/2025	$ 430,411	3,006	0	1,080	$ 225,850	$ 126,200
Nfm Inc	Fm 150, Kyle, TX 78640	05/22/2025	$ 367,205	39,901	2022	1,640	$ 476,760	$ 244,220	-
Baron Creek Fund Ii Lp	712 E Hopkins St, San Marcos, TX 78666	05/15/2025	$ 475,000	18,250	1969	4,100	$ 662,280	$ 394,170
Blue Sky Bank	1012 Sh 123, San Marcos, TX 78666	05/07/2025	$ 18,250,000	30,535	2000	3,468	$ 1,080,000	$ 559,580	Qsr 2 Llc
Sage Capital Bank	340 E Fm 150, Kyle, TX 78640	03/20/2025	$ 1,027,840	179,206	2024	24,456	$ 2,030,540	$ 596,490

Mean$ 3,986,577

Median$ 1,188,295.0

Loan Amount Range$ 100,000 - $ 26,122,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32089247699

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

4/5/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	MEVE LLC
	Address Line	1354 thorpe ln # 4125
	City / State / Zip	san marcos TX 78666
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48209
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78666
Registration Details	SOS Code	A

License Timeline

License Issued

4/5/2023

Currently Active

Status: -

Renewal Required

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