500 W 5 St, Austin, TX 78701 – Office Building High Rise 5+ stories

OfficeYear Built 2013Total Assessed Value $91,713,426County Travis

Property Details

The Office property 500 W 5 St, Austin, TX 78701 is located in Travis County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $91,713,426.

The gross building area is 216,039 square feet and the land area is 51,444 square feet for this Office Building High Rise 5+ stories built in 2013.

Legal description: Lot 1-4&8 & W 23' Of Lot 7 & Pt Of Vacated Alley Block 051 Original City

$91,713,426

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 500 W 5 St, Austin, TX 78701, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area216,039

Land Size51,444

Land Value$31,766,892

Improved Value$59,946,534

Total Assessed Value$91,713,426

Year Built2013

County NameTravis

Account Number194183

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space145

HeatingNone

PoolN

Roof CoverWood shake or shingles

Type ConstructionOther

No of Stories1

Garage TypeParking structure 0

Sales History

7/22/2021

Arms-length$50,000,000

Buyer

Mhi Partnership Ltd

Seller

Felder Mhi-blackhawk Llc

Book Number

2021.164348

Recording Date

7/22/2021

Transaction Details

Mhi Partnership Ltd acquired the property from Felder Mhi-blackhawk Llc through a Arms-length transaction on 7/22/2021 for $50,000,000.

12/21/2017

Arms-lengthNot Disclosed

Buyer

International Bank Of Commerce

Seller

Milestone Properties Inc

Book Number

2017.203773

Recording Date

12/21/2017

Transaction Details

International Bank Of Commerce acquired the property from Milestone Properties Inc through a Arms-length transaction on 12/21/2017 for .

6/27/2016

Arms-length$830,000

Buyer

Cewy Limited Partnership

Seller

Ellis Christopher Tate

Book Number

2016101846

Recording Date

6/27/2016

Transaction Details

Cewy Limited Partnership acquired the property from Ellis Christopher Tate through a Arms-length transaction on 6/27/2016 for $830,000.

8/26/2015

ForeclosureNot Disclosed

Buyer

International Bank Of Commerce

Seller

Jh Tuscan Village Lp

Book Number

2015138052

Recording Date

8/26/2015

Transaction Details

International Bank Of Commerce acquired the property from Jh Tuscan Village Lp through a Foreclosure transaction on 8/26/2015 for .

9/15/2009

Arms-lengthNot Disclosed

Buyer

International Bank Of Commerce Laredo Te

Seller

Block 51 Lp

Book Number

2009.158564

Recording Date

9/15/2009

Transaction Details

International Bank Of Commerce Laredo Te acquired the property from Block 51 Lp through a Arms-length transaction on 9/15/2009 for .

12/13/2006

Arms-length$7,718,800

Buyer

Block 51 Lp

Seller

Asc Bearcreek Properties Ltd

Book Number

2006239042

Recording Date

12/13/2006

Transaction Details

Block 51 Lp acquired the property from Asc Bearcreek Properties Ltd through a Arms-length transaction on 12/13/2006 for $7,718,800.

2/1/2006

Arms-lengthNot Disclosed

Buyer

Asc Bearcreek Properties Ltd

Seller

Maverick Downtown Austin Ltd

Book Number

2006023811

Recording Date

2/1/2006

Transaction Details

Asc Bearcreek Properties Ltd acquired the property from Maverick Downtown Austin Ltd through a Arms-length transaction on 2/1/2006 for .

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

7/22/2021

Sale$40,000,000

Borrower

MHI PARTNERSHIP LTD

Lender

Book Number

Recording Date

7/22/2021

Transaction Details

MHI PARTNERSHIP LTD borrowed the property from through a transaction on 7/22/2021 for $40,000,000.

4/16/2018

Arms length residential transactions purchase or resales$175,500

Borrower

Storn Grace S

Lender

Jw Sauder Trust

Book Number

2018.57186

Recording Date

4/16/2018

Transaction Details

Storn Grace S borrowed the property from Jw Sauder Trust through a Arms length residential transactions purchase or resales transaction on 4/16/2018 for $175,500.

6/27/2016

Resale purchase money loans$664,000

Borrower

Cewy Limited Partnership

Lender

Pioneer Bank

Book Number

2016101847

Recording Date

6/27/2016

Transaction Details

Cewy Limited Partnership borrowed the property from Pioneer Bank through a Resale purchase money loans transaction on 6/27/2016 for $664,000.

7/2/2015

Arms length residential transactions purchase or resales$1,390,000

Borrower

Tiemann Robert M

Lender

International Bank Of Commerce

Book Number

2015.113234

Recording Date

7/2/2015

Transaction Details

Tiemann Robert M borrowed the property from International Bank Of Commerce through a Arms length residential transactions purchase or resales transaction on 7/2/2015 for $1,390,000.

12/13/2006

Helocs both purchase money and non purchase money helocs$6,175,000

Borrower

Block 51 Lp

Lender

Lasalle Bank Na

Book Number

Recording Date

12/13/2006

Transaction Details

Block 51 Lp borrowed the property from Lasalle Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 12/13/2006 for $6,175,000.

Property constructed in 2013

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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	$49,386,586	$41,157,941	$90,544,527	$90,544,527	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	CBD	S01365	51,444	216,039
2025	$31,766,892	$59,946,534	$91,713,426	$91,713,426	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	CBD	S01365	51,444	216,039
2024	$31,766,892	$63,816,643	$95,583,535	$95,583,535	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	CBD	S01365	51,444	216,039
2023	$33,356,523	$84,643,477	$118,000,000	$118,000,000	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	CBD	S01365	51,444	216,039
2022	$33,356,523	$88,799,309	$122,155,832	$122,155,832	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	CBD	S01365	51,444	204,097
2021	$33,355,236	$80,936,364	$114,291,600	$114,291,600	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	50CBD	S01365	51,444	204,097
2020	$33,355,236	$82,644,764	$116,000,000	$116,000,000	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	50CBD	S01365	51,444	204,097
2019	$19,756,564	$92,358,940	$112,115,504	$112,115,504	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	50CBD	S01365	51,444	204,097
2018	$15,523,014	$89,869,841	$105,392,855	$105,392,855	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	50CBD	S01365	51,444	204,097
2017	$15,523,014	$89,410,093	$104,933,107	$104,933,107	International Bank O...	500 W 5th St	Lot 1-4&8 & W 23' Of...	50CBD	S01365	51,444	204,097

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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 ↕
500 W 5 St, Austin, TX 78701	194183	Office	Office Building High Rise 5+ stories	International Bank Of Commerce	Travis	-	$ 50,000,000	2021-07-22	$ 231.44	2013	216,039	-
1301 S Mo Pac Expy, Austin, TX 78746	455135	Office	Office Building High Rise 5+ stories	G&i Vii Barton Skyway Lp	Travis	2.4	$ 46,550,000	2025-08-14	$ 203.49	2001	228,753	-
1250 S Capital Of Tx Hy, Austin, TX 78746	111182	Office	Office Building High Rise 5+ stories	Atx Office Owner 5 Lp	Travis	4.6	$ 44,838,232	2025-11-13	$ 156.29	1983	286,889	-
13785 Research Blvd, Austin, TX 78750	R496857	Office	Office Building High Rise 5+ stories	Fpg Aspen Lake Owner Lp	Williamson	13.7	$ 44,791,645	2025-08-06	$ 94.40	2007	474,472	-
801 Barton Springs Rd, Austin, TX 78704	101684	Office	Office Building High Rise 5+ stories	801 Barton Springs Owner Llc	Travis	0.8	$ 45,885,000	2025-08-27	$ 557.68	2018	82,278	-
805 Las Cimas Pkwy, Austin, TX 78746	455196	Office	Office Building Low Rise 1 - 4 stories	Redus Properties Inc	Travis	5.1	$ 54,000,000	2024-06-04	$ 344.65	2000	156,682	-
807 Las Cimas Pkwy, Austin, TX 78746	455195	Office	Office Building Low Rise 1 - 4 stories	Redus Properties Inc	Travis	5.1	$ 54,000,000	2024-06-04	$ 344.65	2001	156,682	-
900 S Capital Of Tx Hy, Austin, TX 78746	109593	Office	Office Building Low Rise 1 - 4 stories	Mi Las Cimas Iv Llc	Travis	5.1	$ 35,500,000	2024-06-05	$ 250.00	2007	142,000	-
1124 S Interstate Hy 35, Austin, TX 78704	283706	Office	Office Building Low Rise 1 - 4 stories	Housing Authority Of Coa	Travis	1.8	$ 4,326,564	2024-07-26	$ 37.01	1978	116,918	-
4030 W Braker Ln, Austin, TX 78759	548249	Office	Office Building Low Rise 1 - 4 stories	Stonelake Holdings Llc	Travis	9.0	$ 13,000,000	2024-07-01	$ 112.72	1987	115,328	-
4544 S Lamar Blvd 600, Austin, TX 78704	817804	Office	Office Building Low Rise 1 - 4 stories	Frontal Ew Barton Ridge Llc	Travis	4.0	$ 3,378,800	2024-06-06	$ 30.85	1985	109,540	600

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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 ↕
—	500 W 5 St, Austin, TX 78701	—	-	51,444	2013	216,039	$ 91,713,426	$ 31,766,892	-
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
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
Beal Bank	1050 Noble Energy Way, Houston, TX 77070	12/27/2024	$ 30,000,000	169,840	1998	515,720	$ 12,810,987	$ 2,956,324	Ccicypress Crossing Iii Owner Llc

Mean$ 17,891,749

Median$ 5,793,000.0

Loan Amount Range$ 500,000 - $ 69,400,000

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License Details

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