1011 Springdale Rd, Austin, TX 78721 – Office Building High Rise 5+ stories

OfficeYear Built 2022Total Assessed Value $209,803,862County Travis

Property Details

The Office property 1011 Springdale Rd, Austin, TX 78721 is located in Travis County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $209,803,862.

The gross building area is 832,892 square feet and the land area is 1,311,949 square feet for this Office Building High Rise 5+ stories built in 2022.

Legal description: Springdale Commercial Lot 1

$209,803,862

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1011 Springdale Rd, Austin, TX 78721, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area832,892

Land Size1,311,949

Land Value$78,716,880

Improved Value$131,086,982

Total Assessed Value$209,803,862

Year Built2022

County NameTravis

Account Number961897

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionSteel

No of Stories5

Number of Units1

Sales History

2/1/2020

Other$62,000,000

Buyer

Aus Springdale Llc

Seller

Book Number

Recording Date

2/1/2020

Transaction Details

Aus Springdale Llc acquired the property from through a Other transaction on 2/1/2020 for $62,000,000.

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

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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	$78,716,880	$153,521,891	$232,238,771	$232,238,771	Aus Springdale Llc	Four Embarcadero Cen...	Springdale Commercia...	EAS	S21011	1,311,948	832,892
2025	$78,716,880	$131,086,982	$209,803,862	$209,803,862	Aus Springdale Llc	Jay Paul Company Fou...	Springdale Commercia...	EAS	S21011	1,311,949	832,892
2024	$78,716,880	$167,191,409	$245,908,289	$245,908,289	Aus Springdale Llc	Four Embarcadero Cen...	Springdale Commercia...	EAS	S21011	1,311,949	832,892
2023	$78,716,880	$23,997,080	$102,713,960	$102,713,960	Aus Springdale Llc	% Jay Paul Company, ...	Springdale Commercia...	EAS	S21011	1,311,949	832,892
2022	$13,119,480	$7,495,845	$20,615,325	$20,615,325	Aus Springdale Llc	% Jay Paul Company, ...	Springdale Commercia...	EAS	S21011	1,311,949	1,665,784

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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 ↕
1011 Springdale Rd, Austin, TX 78721	961897	Office	Office Building High Rise 5+ stories	Aus Springdale Llc	Travis	-	$ 62,000,000	2020-02-01	$ 74.44	2022	832,892	1
13785 Research Blvd, Austin, TX 78750	R496857	Office	Office Building High Rise 5+ stories	Fpg Aspen Lake Owner Lp	Williamson	15.0	$ 44,791,645	2025-08-06	$ 94.40	2007	474,472	-
840 Gessner Rd 937, Houston, TX 77024	1193790010001	Office	Office Building High Rise 5+ stories	Memorial City 840 Llc	Harris	133.7	$ 59,850,000	2024-09-24	$ 174.53	1998	342,920	937
717 Texas St, Houston, TX 77002	0010590000001	Office	Office Building High Rise 5+ stories	717 Texas Lp Hines Interests Lp	Harris	144.4	$ 100,000,000	2025-03-04	$ 84.56	2002	1,182,525	-
1250 S Capital Of Tx Hy, Austin, TX 78746	111182	Office	Office Building High Rise 5+ stories	Atx Office Owner 5 Lp	Travis	8.0	$ 44,838,232	2025-11-13	$ 156.29	1983	286,889	-
15021 Katy Fwy, Houston, TX 77094	1303140010001	Office	Office Building High Rise 5+ stories	Ec Owner 1 Lp Invesco Advisors Inc	Harris	127.4	$ 29,925,000	2025-08-04	$ 117.90	2008	253,822	-
3600 W Sam Houston Pky S, Houston, TX 77042	1356710010001	Office	Office Building High Rise 5+ stories	Columbia Texas Westchase Park Land Llc	Harris	133.7	$ 55,727,000	2025-05-27	$ 190.99	2014	291,784	-
3555 Timmons Ln, Houston, TX 77027	0780270010015	Office	Office Building High Rise 5+ stories	Novel Texas Llc Mali Subbiah	Harris	140.7	$ 12,910,310	2023-12-08	$ 51.37	1982	251,342	-
1401 Mckinney St, Houston, TX 77010	0011290000001	Office	Office Building High Rise 5+ stories	5 Houston Center Owner Lp	Harris	144.7	$ 192,185,000	2025-11-14	$ 316.38	2001	607,449	-
3200 Sw Fwy, Houston, TX 77027	1403900010001	Office	Office Building High Rise 5+ stories	Phoenix Tower Houston Realty Lp	Harris	141.2	$ 57,420,090	2023-06-23	$ 64.80	1984	886,096	-
11451 Katy Fwy 425, Houston, TX 77079	0985580000022	Office	Office Building High Rise 5+ stories	Mision Westchester Investors Lp	Harris	131.1	$ 30,415,770	2023-12-26	$ 109.13	1998	278,723	425

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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 ↕
—	1011 Springdale Rd, Austin, TX 78721	—	-	1,311,949	2022	832,892	$ 209,803,862	$ 78,716,880	-
Bank Of America Na	1880 Dairy Ashford St, Houston, TX 77077	07/24/2025	$ 3,995,000	221,285	1983	168,970	$ 7,312,879	$ 1,327,710	Concordance Realty Llc
Woodforest National Bank	950 University Ave W, Georgetown, TX 78626	07/18/2025	$ 4,200,000	173,804	2005	27,288	$ 6,000,000	$ 3,168,455	Tpi Copper Oaks Llc
Capstone Funding Llc	2931 E 12 St, Austin, TX 78702	07/09/2025	$ 140,000	1,150	2008	743	$ 421,649	$ 57,478	Vb Group Llc
Keystone Bank Ssb	201 Cr 138, Hutto, TX 78634	06/23/2025	$ 9,000,000	127,718	2023	35,592	$ 10,054,545	$ 802,069	Pflugerville Mob Partners Llc
Transamerica Life Insurance Co	575 N Dairy Ashford Rd, Houston, TX 77079	06/17/2025	$ 23,500,000	189,473	2007	321,338	$ 47,000,000	$ 10,657,856	Gvaoii 575 Dairy Ashford Llc
Standard Insurance Company	275 Se Inner Loop, Georgetown, TX 78626	05/01/2025	$ 4,000,000	130,027	2019	22,000	$ 4,106,477	$ 1,038,414	Inner Visions Llc
Gsf 20231 Llc	1900 Aldrich St, Austin, TX 78722	04/15/2025	$ 27,500,000	7,815	2020	20,000	$ 11,900,000	$ 351,631	Nineteen Hundred Alpha Llc
Midfirst Bank	15915 Katy Fwy, Houston, TX 77094	03/18/2025	$ 8,000,000	157,120	1983	108,336	$ 8,988,969	$ 2,946,000	15915 Katy Fwy Llc
Wells Fargo Bank Na	900 Threadneedle St, Houston, TX 77079	03/18/2025	$ 61,125,000	143,717	1982	206,714	$ 17,523,832	$ 4,311,510	Lffp Ashford Borrower Llc
First Natl Bankcentral Texas	1105 Wooded Acres Dr, Waco, TX 76710	01/21/2025	$ 500,000	155,557	1987	81,732	$ 7,100,000	$ 1,878,340	One Wooded Acres Plaza Llc

Mean$ 17,553,172

Median$ 5,393,000.0

Loan Amount Range$ 140,000 - $ 69,400,000

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License Details

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