3901 Berkman Dr, Austin, TX 78723 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $96,910,000County Travis

Property Details

The Apartments property 3901 Berkman Dr, Austin, TX 78723 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $96,910,000.

The gross building area is 288,750 square feet and the land area is 209,480 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: Mueller Sec Vii-C Subd Amd Resub Lt 1 Blk 94B Lot 3, 4

$96,910,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 3901 Berkman Dr, Austin, TX 78723, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area288,750

Land Size209,480

Land Value$6,284,400

Improved Value$90,625,600

Total Assessed Value$96,910,000

Year Built2022

County NameTravis

Account Number935079

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Number of Units350

Sales History

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Mortgage History

12/29/2021

Arms length residential transactions purchase or resales$56,300,000

Borrower

Austin Berkman Properties Llc

Lender

Wells Fargo Bank Na

Book Number

2021.283727

Recording Date

12/29/2021

Transaction Details

Austin Berkman Properties Llc borrowed the property from Wells Fargo Bank Na through a Arms length residential transactions purchase or resales transaction on 12/29/2021 for $56,300,000.

Property constructed in 2022

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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	$6,284,400	$98,457,936	$104,742,336	$104,742,336	Mueller Aldrich Towe...	4550 Mueller Blvd	Mueller Sec Vii-C Su...	EC	S20340	209,480	288,750
2025	$6,284,400	$90,625,600	$96,910,000	$96,910,000	Mueller Aldrich Towe...	4550 Mueller Blvd	Mueller Sec Vii-C Su...	EC	S20340	209,480	288,750
2024	$6,284,400	$42,075,784	$48,360,184	$48,360,184	Mueller Aldrich Towe...	4550 Mueller Blvd	Mueller Sec Vii-C Su...	EC	S20340	209,480	288,750
2023	$1,493,672	$15,322,808	$16,816,480	$16,816,480	Mueller Aldrich Towe...	4550 Mueller Blvd	Lot 3 Mueller Sec Vi...	EC	S20340	49,789	288,750
2022	$1,493,672	-	$1,493,672	$1,493,672	Mueller Aldrich Towe...	4550 Mueller Blvd	Lot 3 Mueller Sec Vi...	EA2	S20340	49,789	-
2021	$1,493,672	-	$1,493,672	$1,493,672	Mueller Aldrich Towe...	4550 Mueller Blvd	Lot 3 Mueller Sec Vi...	1EA2	S20340	49,789	-
2020	$1,493,672	-	$1,493,672	$1,493,672	Mueller Aldrich Towe...	4550 Mueller Blvd	Lot 3 Mueller Sec Vi...	1EA2	S20340	49,789	-

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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 ↕
3901 Berkman Dr, Austin, TX 78723	935079	Apartments	Apartment High Rise (5+ stories)	Mueller Aldrich Tower Lp	Travis	-	-	-	-	2022	288,750	350
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	2.8	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	3.6	$ 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	3.5	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	4.5	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	1.9	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	6.1	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	7.6	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	7.8	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
12601 Innovar Cir, Manor, TX 78653	944124	Apartments	Apartment High Rise (5+ stories)	Janis Atx Llc	Travis	7.3	$ 129,643,500	2024-12-20	$ 495.59	2024	261,594	1
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	7.4	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330

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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 ↕
—	3901 Berkman Dr, Austin, TX 78723	—	-	209,480	2022	288,750	$ 96,910,000	$ 6,284,400	-
Acre Originator Llc	4617 Tannehill Ln, Austin, TX 78721	09/11/2025	$ 47,500,000	540,580	2022	250,800	$ 81,000,000	$ 10,811,592
Verabank Na	1230 E 38 1/2 St, Austin, TX 78722	09/04/2025	$ 7,800,000	89,298	1969	50,551	$ 9,868,641	$ 4,464,900	1230 East 38th Lp
Readycap Commercial Llc	2515 Manor Rd, Austin, TX 78722	08/29/2025	$ 2,766,000	38,568	1985	26,109	$ 7,049,430	$ 3,085,285	F & B 2515 Manor Rd Llc
Readycap Commercial Llc	2408 Manor Rd, Austin, TX 78722	08/29/2025	$ 3,508,000	55,670	1985	31,674	$ 8,551,980	$ 4,453,520	F & B 2408 Manor Rd Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Lrecs Holdings Iia Llc	824 Camino La Costa, Austin, TX 78752	06/30/2025	$ 22,325,000	264,845	2011	94,248	$ 29,400,976	$ 7,945,344	Firmus Centro Llc
Bredif Ms Seller Llc	5629 N Lamar Blvd, Austin, TX 78751	06/04/2025	$ 51,850,000	145,451	2021	235,476	$ 68,370,649	$ 12,363,335	Atlas North Lamar Lp
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Prosperity Bank	1142 Gunter St, Austin, TX 78721	11/06/2024	$ 1,000,000	16,139	2024	16,000	$ 4,800,000	$ 293,965	Omniat Llc
German American Cap Corp	1648 E 6 St, Austin, TX 78702	11/05/2024	$ 525,000,000	21,758	2018	56,952	$ 33,400,000	$ 3,264,000	Irp Indie Apartments Llc

Mean$ 66,394,311

Median$ 14,376,000.0

Loan Amount Range$ 147,750 - $ 525,000,000

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License Details

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