10500 S Interstate Hy 35, Austin, TX 78748 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2017Total Assessed Value $77,630,000County Travis

Property Details

The Apartments property 10500 S Interstate Hy 35, Austin, TX 78748 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $77,630,000.

The gross building area is 330,491 square feet and the land area is 843,600 square feet for this Apartment High Rise (5+ stories) built in 2017.

Legal description: 19.3664 Ac Of Lot 1 Sec 1 Lenox Springs

$77,630,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,064

Avg Rent

Property Image of 10500 S Interstate Hy 35, Austin, TX 78748, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area330,491

Land Size843,600

Land Value$10,123,231

Improved Value$67,506,769

Total Assessed Value$77,630,000

Year Built2017

County NameTravis

Account Number878332

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport,Attached Garages,Detached Garages

Bathrooms34

PatioAvailable

Access Gates1

Business Center1

Walk-in Closets1

Granite Countertops1

Number of Units949

Sales History

6/3/2021

Arms-lengthNot Disclosed

Buyer

Nadg Double Creek Lp

Seller

Bell Fund Vii Southpark Springs Llc

Book Number

2021124871

Recording Date

6/3/2021

Transaction Details

Nadg Double Creek Lp acquired the property from Bell Fund Vii Southpark Springs Llc through a Arms-length transaction on 6/3/2021 for .

3/6/2021

Arms-length$9,562,500

Buyer

Lf2 Double Creek Gp Llc

Seller

Oh Nadg Lenox Springs I Lp

Book Number

2021124874

Recording Date

3/6/2021

Transaction Details

Lf2 Double Creek Gp Llc acquired the property from Oh Nadg Lenox Springs I Lp through a Arms-length transaction on 3/6/2021 for $9,562,500.

6/26/2019

Arms-lengthNot Disclosed

Buyer

Oh Nadge Lenox Springs I Lp

Seller

Oh Nadg Lenox Springs Lp

Book Number

2019.94106

Recording Date

6/26/2019

Transaction Details

Oh Nadge Lenox Springs I Lp acquired the property from Oh Nadg Lenox Springs Lp through a Arms-length transaction on 6/26/2019 for .

8/8/2016

Arms-length$43,098,300

Buyer

Oh Nadg Lenox Springs Lp

Seller

Nadg Lfii Double Creek Lp

Book Number

2016.130795

Recording Date

8/8/2016

Transaction Details

Oh Nadg Lenox Springs Lp acquired the property from Nadg Lfii Double Creek Lp through a Arms-length transaction on 8/8/2016 for $43,098,300.

8/8/2016

Arms-length$43,098,300

Buyer

Ohnadg Lenox Springs Lp

Seller

Nadg Lfii Double Creek Lp

Book Number

2016130795

Recording Date

8/8/2016

Transaction Details

Ohnadg Lenox Springs Lp acquired the property from Nadg Lfii Double Creek Lp through a Arms-length transaction on 8/8/2016 for $43,098,300.

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

6/3/2021

Helocs both purchase money and non purchase money helocs$87,650,000

Borrower

Bell Fund Vii South Shore District Lp

Lender

Common Wealth Annuty & Life Insurance Company

Book Number

2021124875

Recording Date

6/3/2021

Transaction Details

Bell Fund Vii South Shore District Lp borrowed the property from Common Wealth Annuty & Life Insurance Company through a Helocs both purchase money and non purchase money helocs transaction on 6/3/2021 for $87,650,000.

Property constructed in 2017

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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	$10,123,231	$64,278,403	$74,401,634	$74,401,634	Bell Fund Vii Southp...	300 N Greene St Ste ...	19.3664 Ac Of Lot 1 ...	SC3	S19392	843,603	330,491
2025	$10,123,231	$67,506,769	$77,630,000	$77,630,000	Bell Fund Vii Southp...	300 N Greene St Ste ...	19.3664 Ac Of Lot 1 ...	SOU	S19392	843,600	330,491
2024	$10,141,291	$65,718,709	$75,860,000	$75,860,000	Bell Fund Vii Southp...	300 N Greene St Ste ...	Lot 1 Lenox Springs ...	SOU	S19392	845,108	330,491
2023	$10,141,291	$77,458,709	$87,600,000	$87,600,000	Bell Fund Vii Southp...	300 N Greene St Ste ...	Lot 1 Lenox Springs ...	SOU	S19392	845,108	330,491
2022	$6,760,860	$68,735,745	$75,496,605	$75,496,605	Nadg - Double Creek ...	901 S Mopac Expressw...	Lot 1 Lenox Springs ...	SC3	S19392	845,108	660,982
2021	$6,760,861	$63,289,011	$70,049,872	$70,049,872	Oh-nadg Lenox Spring...	Bld 3 Ste 220 901 S ...	Lot 1 Lenox Springs ...	08SC3	S19392	845,108	330,491
2020	$6,760,861	$59,939,139	$66,700,000	$66,700,000	Oh-nadg Lenox Spring...	901 S Mopac Expressw...	Lot 1 Lenox Springs ...	08SC3	S19392	845,108	330,491
2019	$6,760,861	$54,239,139	$61,000,000	$61,000,000	Oh-nadg Lenox Spring...	901 S Mopac Expwy Bo...	Lot 1 Lenox Springs ...	08SC3	S19392	845,108	330,491
2018	$2,535,323	$53,869,427	$56,404,750	$56,404,750	Oh-nadg Lenox Spring...	901 S Mopac Expwy Bo...	Lot 1 Lenox Springs ...	08SC3	S19392	845,108	330,491
2017	$2,535,323	$1,026,472	$3,561,795	$3,561,795	Oh-nadg Lenox Spring...	901 S Mopac Expwy Bo...	Lot 1 Lenox Springs ...	08SC3	S19392	845,108	330,491

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
10500 S Interstate Hy 35, Austin, TX 78748	878332	Apartments	Apartment High Rise (5+ stories)	Bell Fund Vii Southpark Springs Llc	Travis	-	$ 9,562,500	2021-03-06	$ 28.93	2017	330,491	949
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	1.9	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	1.7	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	5.0	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	7.2	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	7.5	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
9301 Old Bee Caves Rd, Austin, TX 78737	583370	Apartments	Apartment High Rise (5+ stories)	Lcp Mfiii Conservancy Llc	Travis	10.0	$ 36,020,390	2024-12-23	$ 180.27	2015	199,816	240
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	14.2	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	14.0	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	11.9	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	12.9	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279

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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 ↕
—	10500 S Interstate Hy 35, Austin, TX 78748	—	-	843,600	2017	330,491	$ 77,630,000	$ 10,123,231	-
Protective Life Insurance Co	1900 Burton Dr, Austin, TX 78741	05/30/2025	$ 5,650,000	207,302	1972	98,546	$ 13,505,824	$ 4,146,000	Flats On Burton Llc
First United Bank & Trust Co	2209 Woodland Ave, Austin, TX 78704	05/30/2025	$ 470,250	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Guardian Life Insurance Coame	11301 Farrah Ln, Austin, TX 78748	05/06/2025	$ 30,000,000	613,020	2013	243,351	$ 54,549,436	$ 12,260,398	Mfrevf Iiidouble Creek Lp
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Bellco Credit Union	1704 Nelms Dr, Austin, TX 78744	03/06/2025	$ 22,000,000	647,689	1996	287,740	$ 50,137,900	$ 1,943,067
Rga Reinsurance Co	122 Sheraton Ave, Austin, TX 78745	02/28/2025	$ 37,950,000	146,405	2022	210,375	$ 71,597,625	$ 4,392,155
Foundation Communities Inc	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390	-
Texas Department Of Housing An	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390
Teachers Insurance&annuity Ass	7301 S Ih 35, Austin, TX 78752	12/20/2024	$ 30,150,000	588,970	2024	223,575	$ 57,370,811	$ 8,834,543

Mean$ 21,111,423

Median$ 17,072,000.0

Loan Amount Range$ 50,000 - $ 60,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
10500 S INTERSTATE 35, AUSTIN, TX 78748-2508	LENOX SPRINGS	5122808000	NONCLASSIFIED ESTABLISHMENTS

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License Details

License Number

32093476268

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/30/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	BALDWIN PHOTOGRAPHY LLC
	Address Line	10500 s interstate 35 apt 5206
	City / State / Zip	austin TX 78748
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78748
Registration Details	SOS Code	A

License Timeline

License Issued

1/30/2024

Currently Active

Status: -

Renewal Required

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