202 Nueces St, Austin, TX 78701 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 2019Total Assessed Value $200,000,000County Travis

Property Details

The Service property 202 Nueces St, Austin, TX 78701 is located in Travis County. The specific property type is Hotel/Motel, Low-rise (1 - 3 stories). The total assessed value of this property is $200,000,000.

The gross building area is 219,543 square feet and the land area is 9,740 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 2019.

Legal description: Unt Hotel Master Unit Block 188 Master Condominiums Plus 45.7093 % Int In Com Area

$200,000,000

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 202 Nueces St, Austin, TX 78701, Service

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Property Information

Property TypeService

Sub Property TypeHotel/Motel, Low-rise (1 - 3 stories)

Building Area219,543

Land Size9,740

Land Value$4,868,955

Improved Value$195,131,045

Total Assessed Value$200,000,000

Year Built2019

County NameTravis

Account Number916447

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space366

HeatingNone

PoolN

Type ConstructionOther

No of Stories5

Garage TypeParking structure 0

Total Rooms99

Number of Units244

Sales History

9/24/2021

Arms-lengthNot Disclosed

Buyer

Mh Ap Austin Llc

Seller

Austin Proper Jv Llc

Book Number

2021.242965

Recording Date

9/24/2021

Transaction Details

Mh Ap Austin Llc acquired the property from Austin Proper Jv Llc through a Arms-length transaction on 9/24/2021 for .

7/10/2020

Arms-length$3,587,500

Buyer

Robert Morse

Seller

Austin Proper Jv Llc

Book Number

2020120703

Recording Date

7/10/2020

Transaction Details

Robert Morse acquired the property from Austin Proper Jv Llc through a Arms-length transaction on 7/10/2020 for $3,587,500.

Property constructed in 2019

YSale Price (USD) byXSales Year

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Mortgage History

9/18/2024

Arms length residential transactions purchase or resales$132,000,000

Borrower

Mh Ap Austin Llc

Lender

Metlife Re Lending Llc

Book Number

2024.105293

Recording Date

9/18/2024

Transaction Details

Mh Ap Austin Llc borrowed the property from Metlife Re Lending Llc through a Arms length residential transactions purchase or resales transaction on 9/18/2024 for $132,000,000.

12/22/2022

Arms length residential transactions purchase or resales$108,500,000

Borrower

Yugo Austin Nueces Llc

Lender

Prudential Insurance Company O

Book Number

2022.196011

Recording Date

12/22/2022

Transaction Details

Yugo Austin Nueces Llc borrowed the property from Prudential Insurance Company O through a Arms length residential transactions purchase or resales transaction on 12/22/2022 for $108,500,000.

7/10/2020

New construction residential transactions$2,870,000

Borrower

Morse Robert L

Lender

Wells Fargo Bank

Book Number

2020.120706

Recording Date

7/10/2020

Transaction Details

Morse Robert L borrowed the property from Wells Fargo Bank through a New construction residential transactions transaction on 7/10/2020 for $2,870,000.

8/13/2020

Non arms length transactions with valid title company name no accomodations$200,080

Borrower

Partridge Michael D

Lender

Book Number

2020.147549

Recording Date

8/13/2020

Transaction Details

Partridge Michael D borrowed the property from through a Non arms length transactions with valid title company name no accomodations transaction on 8/13/2020 for $200,080.

Property constructed in 2019

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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	$13,633,074	$206,806,021	$220,439,095	$220,439,095	Mh Ap Austin Llc	1800 Wazee St Ste 20...	Unt Hotel Master Uni...	CBD	C03528	9,738	219,543
2025	$4,868,955	$195,131,045	$200,000,000	$200,000,000	Mh Ap Austin Llc	1800 Wazee St Ste 20...	Unt Hotel Master Uni...	CBD	C03528	9,738	219,543
2024	$4,868,955	$161,108,045	$165,977,000	$165,977,000	Mh Ap Austin Llc	1800 Wazee St Ste 20...	Unt Hotel Master Uni...	CBD	C03528	9,740	219,543
2023	$4,868,955	$121,131,045	$126,000,000	$126,000,000	Mh Ap Austin Llc	1800 Wazee St Ste 20...	Unt Hotel Master Uni...	CBD	C03528	9,740	219,543
2022	$2,677,925	$82,352,075	$85,030,000	$85,030,000	Mh Ap Austin Llc	1800 Wazee St Ste 20...	Unt Hotel Master Uni...	CBD	C03528	9,740	219,543
2021	$2,677,925	$65,322,075	$68,000,000	$68,000,000	Austin Proper Jv Llc	% Kor Real Estate Pa...	Unt Hotel Master Uni...	34CBD	C03528	9,740	219,543
2020	$2,677,925	$58,763,182	$61,441,107	$61,441,107	Austin Proper Jv Llc	% Kor Real Estate Pa...	Unt Hotel Master Uni...	34CBD	C03528	9,740	219,543
2019	$2,677,925	$45,722,075	$48,400,000	$48,400,000	Austin Proper Jv Llc	% Kor Real Estate Pa...	Unt Hotel Master Uni...	34CBD	C03528	9,740	506,935

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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 ↕
202 Nueces St, Austin, TX 78701	916447	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Mh Ap Austin Llc	Travis	-	$ 3,587,500	2020-07-10	$ 16.34	2019	219,543	244
400 Lavaca St, Austin, TX 78701	877673	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Rb Zaza Austin Llc	Travis	0.3	$ 77,805,000	2024-12-09	$ 513.38	2019	151,553	159
74 N Interstate Hy 35, Austin, TX 78701	190912	Service	Hotel/Motel, Low-rise (1 - 3 stories)	68 East Avenue Austin Llc	Travis	0.9	$ 60,937,500	2024-08-07	$ 358.13	2022	170,156	-
7415 W William Cannon Dr, Austin, TX 78746	890059	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Lantana Place Llc	Travis	5.3	$ 30,989,000	2025-11-14	$ 428.32	2020	72,350	-
12400 N Interstate Ste35, Austin, TX 78753	738177	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Apple Nine Hospitality Ownership Inc	Travis	10.4	$ 6,650,000	2024-12-20	$ 90.62	2007	73,382	117
12424 N U S 183, Austin, TX 78759	424200	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Breesa P Portfolio Txnc Prop Lp	Travis	11.2	$ 6,483,750	2025-09-24	$ 89.27	1998	72,632	120
710 E 3 St, Austin, TX 78701	191629	Service	Hotel/Motel, Low-rise (1 - 3 stories)	710 E3 Llc	Travis	0.8	$ 47,747,000	2024-02-22	$ 305.67	2022	156,202	259
1011 E Houston St, San Antonio, TX 78205	105736	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Bw Rri Iii Llc	Bexar	73.2	$ 11,172,000	2025-01-14	$ 54.79	1997	203,910	215
4323 Spectrum One, San Antonio, TX 78230	564933	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Satc Hotel Group Llc	Bexar	70.6	$ 10,526,950	2024-06-11	$ 103.34	1996	101,868	123
7134 Nw Loop 410, San Antonio, TX 78238	606059	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Pht Culebra Llc	Bexar	77.4	$ 4,588,500	2024-12-16	$ 58.31	1989	78,687	195
4320 Spectrum One, San Antonio, TX 78230	564930	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Bg Hotel Group Llc	Bexar	70.6	$ 6,650,000	2024-11-15	$ 87.89	1999	75,665	118

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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 ↕
—	202 Nueces St, Austin, TX 78701	—	-	9,740	2019	219,543	$ 200,000,000	$ 4,868,955	-
Jpmorgan Chase Bank Na	617 Colorado St, Austin, TX 78701	09/26/2025	$ 510,000,000	10,006	2022	132,655	$ 64,163,239	$ 6,402,560	-
T Bank Na	1603 E Oltorf St, Austin, TX 78741	09/25/2025	$ 7,522,400	100,972	1974	50,950	$ 4,995,602	$ 2,524,300	-
Jpmorgan Chase Bank Na	212 Lavaca St, Austin, TX 78701	09/04/2025	$ 144,000,000	937	2010	10,021	$ 4,495,899	$ 210,589	Rhp Block 21 Llc
National Bank Of Indianapolis	2552 Guadalupe St, Austin, TX 78705	07/25/2025	$ 21,750,000	16,797	2020	63,815	$ 28,000,000	$ 3,779,550	Austin 21 Hotel Llc
Kb Austin Llc	1603 E Oltorf St, Austin, TX 78741	05/19/2025	$ 5,951,000	100,972	1974	50,950	$ 4,995,602	$ 2,524,300	Slavik Properties Llc
Wells Fargo Bank Na	4140 Governors Row, Austin, TX 78744	05/14/2025	$ 23,415,600	332,332	1982	171,225	$ 28,872,741	$ 28,872,741
Bmo Harris Bank Na	5012 Lancaster Dr, Austin, TX 78723	03/06/2025	$ 32,000,000	95,745	2013	85,091	$ 17,922,169	$ 6,702,142	M4 Austin University Area Llc
Regions Bank	414 W M L King Jr Blvd, Austin, TX 78705	12/20/2024	$ 69,000,000	30,597	2019	197,386	$ 89,767,660	$ 6,885,000	Austin 19 Hotel Llc
Srt Agent Llc	1211 W Riverside Dr, Austin, TX 78704	12/12/2024	$ 57,000,000	23,993	2021	160,000	$ 52,877,514	$ 4,798,960	Sardis Lone Star Ii Llc
Keystone Bank Ssb	1221 E 6 St, Austin, TX 78702	12/11/2024	$ 12,000,000	6,412	2019	12,849	$ 6,027,754	$ 1,122,275	Eastside Block Party Llc

Mean$ 81,788,508

Median$ 35,225,000.0

Loan Amount Range$ 600,000 - $ 510,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
202 NUECES ST UNIT 1701, AUSTIN, TX 78701-4795	WEXUM	5126460902	LOANS-PERSONAL

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License Details

License Number

32079698968

Texas_Tax_Exempt_Entities

Issued By

Texas_Tax_Exempt_Entities

State Authority

Issue Date

-

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	THE J&C COLMAR FOUNDATION
	Address Line
	City / State / Zip
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
Registration Details	SOS Code

202 Nueces St, Austin, TX 78701 – Hotel/Motel, Low-rise (1 - 3 stories)

Property Details

Property Information

Amenities

Sales History

Mortgage History

Assessment History

Rent & Occupancy

Comparables

Nearby Lenders