12700 Ridgeline Blvd, Cedar Park, TX 78613 – Apartment (4 - 20 units)

ApartmentsYear Built 2015Total Assessed Value $80,983,067County Williamson

Property Details

The Apartments property 12700 Ridgeline Blvd, Cedar Park, TX 78613 is located in Williamson County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $80,983,067.

The gross building area is 474,408 square feet and the land area is 958,320 square feet for this Apartment (4 - 20 units) built in 2015.

Legal description: S9822 - Lakeline Commons 2, Lot 2, Acres 22

$80,983,067

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,234

Avg Rent

Property Image of 12700 Ridgeline Blvd, Cedar Park, TX 78613, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area474,408

Land Size958,320

Land Value$9,956,945

Improved Value$71,026,122

Total Assessed Value$80,983,067

Year Built2015

County NameWilliamson

Account NumberR500216

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space146

HeatingCentral

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Type ConstructionOther

No of Stories1

Bathrooms15

PatioAvailable

Access Gates1

9ft Ceilings1

Walk-in Closets1

Number of Units354

Sales History

5/29/2024

Arms-length$80,427,760

Buyer

Arella Lakeline Apartments Borrower Lp

Seller

Lakeline Acquisition Llc

Book Number

2024.42622

Recording Date

5/29/2024

Transaction Details

Arella Lakeline Apartments Borrower Lp acquired the property from Lakeline Acquisition Llc through a Arms-length transaction on 5/29/2024 for $80,427,760.

5/29/2024

Arms-lengthNot Disclosed

Buyer

Hsng Authority

Seller

Arella Lakeline Apartments Borrower Lp

Book Number

2024.42624

Recording Date

5/29/2024

Transaction Details

Hsng Authority acquired the property from Arella Lakeline Apartments Borrower Lp through a Arms-length transaction on 5/29/2024 for .

3/4/2024

OtherNot Disclosed

Buyer

Zarina J Maknojia

Seller

Park Place At Old Mill Llc

Book Number

Recording Date

3/4/2024

Transaction Details

Zarina J Maknojia acquired the property from Park Place At Old Mill Llc through a Other transaction on 3/4/2024 for .

7/22/2021

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

7/22/2021

Transaction Details

acquired the property from through a Other transaction on 7/22/2021 for .

4/1/2019

Arms-length$48,912,500

Buyer

Lakeline Acquisition Llc

Seller

Altis At Lakeline Austin Lllp

Book Number

2019.27150

Recording Date

4/1/2019

Transaction Details

Lakeline Acquisition Llc acquired the property from Altis At Lakeline Austin Lllp through a Arms-length transaction on 4/1/2019 for $48,912,500.

1/1/2019

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

1/1/2019

Transaction Details

acquired the property from through a Other transaction on 1/1/2019 for .

8/14/2014

Arms-length$4,190,908

Buyer

Altis At Lakeline Austin Lllp

Seller

Liberty Bankers Life Insurance Company

Book Number

2014065921

Recording Date

8/14/2014

Transaction Details

Altis At Lakeline Austin Lllp acquired the property from Liberty Bankers Life Insurance Company through a Arms-length transaction on 8/14/2014 for $4,190,908.

11/27/2013

Arms-lengthNot Disclosed

Buyer

Liberty Bankers Life Insurance Company

Seller

Locust Management Company Inc

Book Number

2014055305

Recording Date

11/27/2013

Transaction Details

Liberty Bankers Life Insurance Company acquired the property from Locust Management Company Inc through a Arms-length transaction on 11/27/2013 for .

10/5/2011

Arms-lengthNot Disclosed

Buyer

Liberty Bankers Life Insurance Company

Seller

Lakeline Austin Development Ltd

Book Number

2013.79289

Recording Date

10/5/2011

Transaction Details

Liberty Bankers Life Insurance Company acquired the property from Lakeline Austin Development Ltd through a Arms-length transaction on 10/5/2011 for .

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

7/3/2018

Arms length residential transactions purchase or resales$381,316

Borrower

Hovan Richard A

Lender

Llano National Bank

Book Number

2018063626

Recording Date

7/3/2018

Transaction Details

Hovan Richard A borrowed the property from Llano National Bank through a Arms length residential transactions purchase or resales transaction on 7/3/2018 for $381,316.

8/14/2014

Sale$3,143,180

Borrower

Altman

Lender

Book Number

Recording Date

8/14/2014

Transaction Details

Altman borrowed the property from through a transaction on 8/14/2014 for $3,143,180.

12/31/2014

Sale$33,467,000

Borrower

Lender

Book Number

Recording Date

12/31/2014

Transaction Details

borrowed the property from through a transaction on 12/31/2014 for $33,467,000.

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	$9,956,945	$64,284,769	$74,241,714	$74,241,714	Housing Authority Of...	1124 S Ih 35	S9822 - Lakeline Com...	R45Qarr	4326	958,320	474,408
2025	$9,956,945	$71,026,122	$80,983,067	$80,983,067	Housing Authority Of...	1124 S Ih 35	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2024	$9,956,945	$74,428,326	$81,853,713	$84,385,271	Lakeline Acquisition...	43 W 24th St	S9822 - Lakeline Com...	R45QA	4326	958,320	468,870
2023	$9,956,945	$81,276,754	$91,233,699	$91,233,699	Lakeline Acquisition...	12700 Ridgeline Blvd	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2022	$7,110,734	$73,913,719	$81,024,453	$81,024,453	Lakeline Acquisition...	12700 Ridgeline Blvd	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2021	$5,270,760	$55,505,611	$60,776,371	$60,776,371	Lakeline Acquisition...	12700 Ridgeline Blvd	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2020	$5,007,222	$54,692,778	$59,700,000	$59,700,000	Lakeline Acquisition...	12700 Ridgeline Blvd	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2019	$5,088,679	$57,352,180	$62,440,859	$62,440,859	Lakeline Acquisition...	12700 Ridgeline Blvd	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2018	$4,916,182	$51,940,249	$56,856,431	$56,856,431	Altis At Lakeline - ...	C/o The Altman Compa...	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408
2017	$4,743,684	$67,958,480	$72,702,164	$72,702,164	C/o The Altman Compa...	C/o The Altman Compa...	S9822 - Lakeline Com...	R45QA	4326	958,320	474,408

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Showing 1 to 10 of 17 entries

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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 ↕
12700 Ridgeline Blvd, Cedar Park, TX 78613	R500216	Apartments	Apartment (4 - 20 units)	Housing Authority Of The City Of Austin	Williamson	-	$ 80,427,760	2024-05-29	$ 169.53	2015	474,408	354
9815 Copper Creek Dr, Austin, TX 78729	R577682	Apartments	Apartment (4 - 20 units)	Tides On Copper Creek Owner Llc	Williamson	1.7	$ 103,600,000	2024-09-03	$ 150.71	1986	687,401	636
665 N Bagdad Rd, Leander, TX 78641	R538901	Apartments	Apartment (4 - 20 units)	Conley Leander Apartments Llc	Williamson	8.5	$ 47,713,750	2025-07-22	$ 200.19	2019	238,343	259
2101 Kauffman Loop, Georgetown, TX 78628	R638974	Apartments	Apartment (4 - 20 units)	Kauffman Multifamily Partners Llc	Williamson	12.1	$ 48,545,000	2025-08-01	$ 187.77	2023	258,532	-
550 Exchange Blvd, Hutto, TX 78634	R429856	Apartments	Apartment (4 - 20 units)	550 Exchange Boulevard Llc	Williamson	16.4	$ 25,501,420	2024-12-27	$ 135.80	2022	187,782	204
6025 S Us 281, Marble Falls, TX 78654	120407	Apartments	Apartment (4 - 20 units)	Zmodular Marble Falls Flatz 281 Llc	Burnet	29.7	$ 51,338,000	2025-10-22	$ 194.12	2023	264,463	-
3201 Duval Rd, Austin, TX 78759	504110	Apartments	Apartment Garden (1 - 4 stories)	The Realty Associates Fund Xii Portfolio Lp	Travis	6.9	$ 78,470,000	2025-07-08	$ 257.17	1993	305,124	358
801 C Bar Ranch Trl, Cedar Park, TX 78613	R569032	Apartments	Apartment Garden (1 - 4 stories)	Alden Cedar Park Acquisition Llc	Williamson	3.8	$ 62,865,110	2025-08-07	$ 194.41	2019	323,369	349
500 Westinghouse Rd, Georgetown, TX 78626	R606075	Apartments	Apartment Garden (1 - 4 stories)	Dhic Westinghouse Llc	Williamson	10.8	$ 57,190,000	2025-08-15	$ 186.38	2022	306,849	300
1500 Lawnmont Dr, Round Rock, TX 78664	R060266	Apartments	Apartment (4 - 20 units)	1500 Lawnmont Llc	Williamson	8.7	$ 24,344,320	2025-12-02	$ 162.01	1984	150,264	188
2505 Thornton Rd, Austin, TX 78704	859317	Apartments	Apartment Garden (1 - 4 stories)	-	Travis	15.9	$ 25,137,000	2024-08-29	$ 149.99	2015	167,589	-

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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 ↕
—	12700 Ridgeline Blvd, Cedar Park, TX 78613	—	-	958,320	2015	474,408	$ 80,983,067	$ 9,956,945	-
Lincoln Natl Life Insurance C	350 Cypress Creek Rd, Cedar Park, TX 78613	09/18/2025	$ 29,500,000	333,800	1996	173,199	$ 30,884,031	$ 3,191,796	-
American Heritage Lending Llc	8404 Fathom Cir, Austin, TX 78750	09/08/2025	$ 495,000	17,415	1985	9,004	$ 1,170,520	$ 348,280	Otti Estates Llc
Regions Bank	9826 N Lake Creek Pkwy, Austin, TX 78750	08/28/2025	$ 668,294,000	881,959	2014	401,129	$ 66,750,000	$ 10,830,461	Wmci Austin Iv Llc
Keybank National Association	4025 Duval Rd, Austin, TX 78759	07/31/2025	$ 50,022,000	1,089,044	1994	417,231	$ 96,068,977	$ 8,712,344	Bmef San Marin Limited Partner
Teachers Insurance&annuity Ass	12820 W Parmer Ln, Cedar Park, TX 78613	07/29/2025	$ 31,250,000	1,157,345	2006	259,207	$ 56,750,000	$ 9,027,296	Wmci Austin I Llc
Yktn Private Credit Fund I Llc	733 Naumann Dr, Leander, TX 78641	06/24/2025	$ 1,501,500	153,549	2019	91,200	$ 15,775,250	$ 1,937,068	Trailside Oaks Austin Llc
Comerica Bank	260 S Brook Dr, Leander, TX 78641	05/29/2025	$ 41,500,000	771,448	2020	349,319	$ 77,930,000	$ 6,889,027	Southbrook Holding Llc
Jackson Natl Life Insurance C	9901 N Ranch Rd, Austin, TX 78726	05/28/2025	$ 30,000,000	1,035,291	2003	285,528	$ 55,869,871	$ 4,141,162	Mfrevf Iiicanyon Creek Lp
Central National Bank	10203 Golden Meadow Dr, Austin, TX 78758	04/04/2025	$ 240,000	25,901	1978	7,888	$ 1,577,600	$ 258,992
Prosperity Bank	523 Powell, Leander, TX 78641	04/02/2025	$ 3,402,913	302,655	2022	113,344	$ 14,300,000	$ 1,815,929	Granite Heights Llc

Mean$ 55,057,389

Median$ 30,112,500.0

Loan Amount Range$ 130,702 - $ 668,294,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
12700 RIDGELINE BLVD, CEDAR PARK, TX 78613-1789	UNDERDOG HOMES TX	5126214205	HOME BUILDERS
12700 RIDGELINE BLVD, CEDAR PARK, TX 78613-1789	ALTIS LAKELINE	5122581308	NONCLASSIFIED ESTABLISHMENTS
12700 RIDGELINE BLVD, CEDAR PARK, TX 78613-1789	LIFE FIT	4692371832	PERSONAL TRAINERS-FITNESS
12700 RIDGELINE BLVD, CEDAR PARK, TX 78613-1789	ALTIS LAKELINE	5122581308	OPERATORS OF APARTMENT BUILDINGS

Showing 1 to 4 of 4 entries

Tenant Industry Distribution

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License Details

License Number

32093670449

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

2/10/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	REINHART FOOD MART LLC
	Address Line	12700 ridgeline blvd apt 12208
	City / State / Zip	cedar park TX 78613
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48491
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78613
Registration Details	SOS Code	A

License Timeline

License Issued

2/10/2024

Currently Active

Status: -

Renewal Required

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