621 Congress Ave, Austin, TX 78701 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 2016Total Assessed Value $98,000,000County Travis

Property Details

The Service property 621 Congress Ave, 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 $98,000,000.

The gross building area is 234,289 square feet and the land area is 11,042 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 2016.

Legal description: N 23Ft Of Lot 5 & Lot 6 Block 069 Original City

$98,000,000

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 621 Congress Ave, Austin, TX 78701, Service

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Property Information

Property TypeService

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

Building Area234,289

Land Size11,042

Land Value$11,484,158

Improved Value$86,515,842

Total Assessed Value$98,000,000

Year Built2016

County NameTravis

Account Number194411

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolN

Type ConstructionOther

No of Stories1

Number of Units278

Sales History

7/12/2021

Arms-lengthNot Disclosed

Buyer

109 E 7th Series A Series Of Fcde Llc

Seller

Finley Company

Book Number

2021.269337

Recording Date

7/12/2021

Transaction Details

109 E 7th Series A Series Of Fcde Llc acquired the property from Finley Company through a Arms-length transaction on 7/12/2021 for .

Property constructed in 2016

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	$13,250,952	$109,125,353	$122,376,305	$122,376,305	109 E 7th Series	Po Box 2086	N 23Ft Of Lot 5 & Lo...	CBD1	S01386	11,042	234,289
2025	$11,484,158	$86,515,842	$98,000,000	$98,000,000	109 E 7th Series	C/o Xwalk Mgt Llc ...	N 23Ft Of Lot 5 & Lo...	CBD1	S01386	11,042	234,289
2024	$11,484,158	$95,639,162	$107,123,320	$107,123,320	109 E 7th Series	C/o Xwalk Mgt Llc Po...	N 23Ft Of Lot 5 & Lo...	CBD1	S01386	11,042	234,289
2023	$7,177,599	$80,822,401	$88,000,000	$88,000,000	109 E 7th Series	C/o Xwalk Mgt, Llc, ...	N 23Ft Of Lot 5 & Lo...	CBD1	S01386	11,042	234,289
2022	$4,784,000	$79,716,000	$84,500,000	$84,500,000	109 E 7th Series	C/o Xwalk Mgt, Llc, ...	Lot 6 Block 069 Orig...	CBD1	S01386	7,362	234,289
2021	$4,784,000	$71,824,000	$76,608,000	$76,608,000	Finley Company	Po Box 2086	Lot 6 Block 069 Orig...	34CBD1	S01386	7,362	234,289
2020	$4,784,000	$92,824,000	$97,608,000	$97,608,000	Finley Company	Po Box 2086	Lot 6 Block 069 Orig...	34CBD1	S01386	7,362	234,289
2019	$2,576,000	$81,136,000	$83,712,000	$83,712,000	Finley Company	Po Box 2086	Lot 6 Block 069 Orig...	34CBD1	S01386	7,362	234,289
2018	$2,024,000	$63,964,000	$65,988,000	$65,988,000	Finley Company	Po Box 2086	Lot 6 Block 069 Orig...	34CBD1	S01386	7,362	234,289
2017	$2,024,000	$25,352,215	$27,376,215	$27,376,215	Finley Company	Po Box 2086	Lot 6 Block 069 Orig...	34CBD1	S01386	7,362	256,456

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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 ↕
621 Congress Ave, Austin, TX 78701	194411	Service	Hotel/Motel, Low-rise (1 - 3 stories)	109 E 7th Series	Travis	-	-	-	-	2016	234,289	278
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	0.8	$ 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	5.7	$ 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	10.1	$ 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	11.1	$ 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	0.5	$ 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	73.6	$ 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	71.0	$ 10,526,950	2024-06-11	$ 103.34	1996	101,868	123
4320 Spectrum One, San Antonio, TX 78230	564930	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Bg Hotel Group Llc	Bexar	71.0	$ 6,650,000	2024-11-15	$ 87.89	1999	75,665	118
7134 Nw Loop 410, San Antonio, TX 78238	606059	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Pht Culebra Llc	Bexar	77.8	$ 4,588,500	2024-12-16	$ 58.31	1989	78,687	195

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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 ↕
—	621 Congress Ave, Austin, TX 78701	—	-	11,042	2016	234,289	$ 98,000,000	$ 11,484,158	-
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
Wyndham Hotel Group Llc	1825 Mcbee St, Austin, TX 78723	08/22/2025	$ 5,000,000	16,361	2021	69,688	$ 19,000,000	$ 736,169	Austin Hotel Group 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

Mean$ 81,865,431

Median$ 35,225,000.0

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

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
621 CONGRESS AVE, AUSTIN, TX 78701-3214	CAROLINE RESTAURANT	5129826766	RESTAURANTS

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License Details

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