812 W 23 St, Austin, TX 78705 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2021Total Assessed Value $181,436,409County Travis

Property Details

The Apartments property 812 W 23 St, Austin, TX 78705 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $181,436,409.

The gross building area is 339,926 square feet and the land area is 58,501 square feet for this Apartment High Rise (5+ stories) built in 2021.

Legal description: 1.2028 Ac Of Lots 28-32 & 0.1402 Ac Of Lots 25-27 Olt 38 Div F Wooldridge Mary Ann Resub Plus 1/2 Adj Vac Alley (Total Acr: 1.3430)

$181,436,409

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,293

Avg Rent

Property Image of 812 W 23 St, Austin, TX 78705, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area339,926

Land Size58,501

Land Value$13,163,175

Improved Value$168,273,234

Total Assessed Value$181,436,409

Year Built2021

County NameTravis

Account Number203450

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space611

HeatingNone

Type ConstructionConcrete

No of Stories1

Garage TypeParking Garage

Bathrooms25

Storage RoomAvailable

Access Gates1

Business Center1

Walk-in Closets1

Emergency Maintenance1

Granite Countertops1

Steel Appliances1

Number of Units287

Elevator

Sales History

12/27/2023

Arms-lengthNot Disclosed

Buyer

715 West 23rd Austin Llc

Seller

Standard At Austin Llc

Book Number

2023.143944

Recording Date

12/27/2023

Transaction Details

715 West 23rd Austin Llc acquired the property from Standard At Austin Llc through a Arms-length transaction on 12/27/2023 for .

12/21/2023

In-house$126,350,000

Buyer

715 West 23rd Austin Llc

Seller

Standard At Austin Llc

Book Number

2023.143945

Recording Date

12/21/2023

Transaction Details

715 West 23rd Austin Llc acquired the property from Standard At Austin Llc through a In-house transaction on 12/21/2023 for $126,350,000.

2/1/2018

Arms-lengthNot Disclosed

Buyer

The Standard At Austin Llc

Seller

University Towers Austin Llc

Book Number

2018.18865

Recording Date

2/1/2018

Transaction Details

The Standard At Austin Llc acquired the property from University Towers Austin Llc through a Arms-length transaction on 2/1/2018 for .

4/4/2013

Arms-length$365,000

Buyer

Kanne David D

Seller

Williams Bennie B

Book Number

2013071607

Recording Date

4/4/2013

Transaction Details

Kanne David D acquired the property from Williams Bennie B through a Arms-length transaction on 4/4/2013 for $365,000.

10/12/2006

OtherNot Disclosed

Buyer

Fairfield 24th Street Towers L

Seller

Tmac Towers Lp

Book Number

Recording Date

10/12/2006

Transaction Details

Fairfield 24th Street Towers L acquired the property from Tmac Towers Lp through a Other transaction on 10/12/2006 for .

Property constructed in 2021

YSale Price (USD) byXSales Year

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Mortgage History

6/11/2025

Non arms length transactions with valid title company name no accomodations$95,000,000

Borrower

715 West 23rd Austin Llc

Lender

Ares Cre Lender Ii Llc

Book Number

2025.65812

Recording Date

6/11/2025

Transaction Details

715 West 23rd Austin Llc borrowed the property from Ares Cre Lender Ii Llc through a Non arms length transactions with valid title company name no accomodations transaction on 6/11/2025 for $95,000,000.

1/9/2015

Sale$26,600,000

Borrower

Cardinal Group Investments Llc

Lender

Book Number

Recording Date

1/9/2015

Transaction Details

Cardinal Group Investments Llc borrowed the property from through a transaction on 1/9/2015 for $26,600,000.

Property constructed in 2021

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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	$8,775,450	$146,407,971	$155,183,421	$155,183,421	715 West 23rd Austin...	Po Box 130339	1.2028 Ac Of Lots 28...	WC	S15752	58,503	339,926
2025	$13,163,175	$168,273,234	$181,436,409	$181,436,409	715 West 23rd Austin...	Landmark Properties ...	1.2028 Ac Of Lots 28...	WC	S15752	58,501	339,926
2024	$13,163,175	$164,206,825	$177,370,000	$177,370,000	715 West 23rd Austin...	315 Oconee St	1.2028 Ac Of Lots 28...	WC	S15752	58,501	339,926
2023	$13,163,175	$175,836,825	$189,000,000	$189,000,000	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	WC	S15752	58,501	339,926
2022	$7,897,905	$180,762,095	$188,660,000	$188,660,000	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	WC	S15752	58,501	339,926
2021	$7,897,905	$32,004,033	$39,901,938	$39,901,938	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	08WC	S15752	58,501	339,926
2020	$7,897,905	-	$7,897,905	$7,897,905	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	74DORM	S15752	58,501	-
2019	$7,897,905	-	$7,897,905	$7,897,905	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	74DORM	S15752	58,501	-
2018	$6,792,198	$2,707,802	$9,500,000	$9,500,000	Standard At Austin L...	Attn: J Wesley Roger...	1.2028 Ac Of Lots 28...	74DORM	S15752	58,501	37,016
2017	$4,905,477	$4,094,523	$9,000,000	$9,000,000	University Towers Au...	% Cardinal Group Mgm...	1.2028 Ac Of Lots 28...	74DORM	S15752	58,501	37,016

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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 ↕
812 W 23 St, Austin, TX 78705	203450	Apartments	Apartment High Rise (5+ stories)	715 West 23rd Austin Llc	Travis	-	$ 126,350,000	2023-12-21	$ 371.70	2021	339,926	287
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	2.9	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.0	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.1	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	4.1	$ 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	4.6	$ 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	6.0	$ 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	7.9	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	6.9	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	7.3	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	8.6	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384

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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 ↕
—	812 W 23 St, Austin, TX 78705	—	-	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	-
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Gs Go Ii Reit Llc	1909 Rio Grande St, Austin, TX 78705	03/19/2025	$ 214,800,000	21,249	2017	165,708	$ 76,967,296	$ 4,780,928	2025 Student Ii Ll Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Capital One Na	2401 San Gabriel St, Austin, TX 78705	12/31/2024	$ 19,491,000	30,806	2013	104,568	$ 36,379,958	$ 9,241,500	Cig Cws Regents 24th Lp
Lasalle Mortgage Real Estate C	915 E 41 St, Austin, TX 78751	10/31/2024	$ 12,100,000	30,244	1980	18,810	$ 7,147,800	$ 1,512,250	Resolute Hancock Llc
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	10/10/2024	$ 95,105	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
American Bank Na	1012 Baylor St, Austin, TX 78703	09/15/2024	$ 3,500,000	29,329	2025	45,000	$ 18,882,300	$ 4,401,260	Colorfield Llc
United Wholesale Mortgage Llc	915 W 21 St, Austin, TX 78705	08/29/2024	$ 176,000	6,199	1938	4,672	$ 1,915,520	$ 930,000

Mean$ 38,916,538

Median$ 4,517,708.0

Loan Amount Range$ 95,105 - $ 214,800,000

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License Details

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