414 W M L King Jr Blvd, Austin, TX 78705 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 2019Total Assessed Value $89,767,660County Travis

Property Details

The Service property 414 W M L King Jr Blvd, Austin, TX 78705 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 $89,767,660.

The gross building area is 197,386 square feet and the land area is 30,597 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 2019.

Legal description: Lot 35-37 Olt 22 Div D Horsts Louis Subd

$89,767,660

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 414 W M L King Jr Blvd, Austin, TX 78705, Service

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Property Information

Property TypeService

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

Building Area197,386

Land Size30,597

Land Value$6,885,000

Improved Value$82,882,660

Total Assessed Value$89,767,660

Year Built2019

County NameTravis

Account Number203844

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space298

HeatingNone

Roof CoverComposition shingle

Type ConstructionWood

No of Stories5

Garage TypeParking structure 0

Number of Units154

Sales History

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Mortgage History

12/20/2024

Arms length residential transactions purchase or resales$69,000,000

Borrower

Austin 19 Hotel Llc

Lender

Regions Bank

Book Number

2024.140796

Recording Date

12/20/2024

Transaction Details

Austin 19 Hotel Llc borrowed the property from Regions Bank through a Arms length residential transactions purchase or resales transaction on 12/20/2024 for $69,000,000.

Property constructed in 2019

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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	$6,885,000	$82,352,758	$89,237,758	$89,237,758	1901 San Antonio Ser...	Po Box 2086	Lot 35-37 Olt 22 Div...	CBD3	S06489	30,600	197,386
2025	$6,885,000	$82,882,660	$89,767,660	$89,767,660	1901 San Antonio Ser...	C/o Xwalk Mgt Llc ...	Lot 35-37 Olt 22 Div...	CBD3	S06489	30,600	197,386
2024	$6,885,000	$100,654,492	$107,539,492	$107,539,492	1901 San Antonio Ser...	C/o Xwalk Mgt Llc Po...	Lot 35-37 Olt 22 Div...	CBD3	S06489	30,597	197,386
2023	$4,995,000	$72,115,000	$77,110,000	$77,110,000	1901 San Antonio Ser...	C/o Xwalk Mgt, Llc, ...	Lot 36-37 Olt 22 Div...	CBD3	S06489	22,198	197,386
2022	$2,886,000	$62,564,000	$65,450,000	$65,450,000	1901 San Antonio Ser...	C/o Xwalk Mgt, Llc, ...	Lot 36-37 Olt 22 Div...	CBD3	S06489	22,198	197,386
2021	$2,775,000	$62,135,000	$64,910,000	$64,910,000	Washoe Company	%mark Jindra White L...	Lot 36-37 Olt 22 Div...	34CBD3	S06489	22,198	197,386
2020	$2,775,000	$41,784,183	$44,559,183	$44,559,183	Washoe Company	%mark Jindra White L...	Lot 36-37 Olt 22 Div...	35CBD3	S06489	22,198	197,386
2019	$2,775,000	$10,506,819	$13,281,819	$13,281,819	Washoe Company	%mark Jindra White L...	Lot 36-37 Olt 22 Div...	35CBD3	S06489	22,198	200,670
2018	$2,775,000	-	$2,775,000	$2,775,000	Washoe Company	%mark Jindra White L...	Lot 36-37 Olt 22 Div...	33CEN	S06489	22,198	-
2017	$1,998,000	$325,000	$2,323,000	$2,323,000	Washoe Company	Po Box 986	Lot 36-37 Olt 22 Div...	33CEN	S06489	22,198	2,560

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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 ↕
414 W M L King Jr Blvd, Austin, TX 78705	203844	Service	Hotel/Motel, Low-rise (1 - 3 stories)	1901 San Antonio Series	Travis	-	-	-	-	2019	197,386	154
400 Lavaca St, Austin, TX 78701	877673	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Rb Zaza Austin Llc	Travis	1.1	$ 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	1.7	$ 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	5.4	$ 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	9.2	$ 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	10.1	$ 6,483,750	2025-09-24	$ 89.27	1998	72,632	120
4701 S Interstate Hy 35, Austin, TX 78744	446843	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Om Sai Ram Austin Llc	Travis	5.2	$ 9,975,000	2024-12-16	$ 166.37	1997	59,956	137
710 E 3 St, Austin, TX 78701	191629	Service	Hotel/Motel, Low-rise (1 - 3 stories)	710 E3 Llc	Travis	1.4	$ 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	74.3	$ 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	71.7	$ 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	71.7	$ 6,650,000	2024-11-15	$ 87.89	1999	75,665	118

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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 ↕
—	414 W M L King Jr Blvd, Austin, TX 78705	—	-	30,597	2019	197,386	$ 89,767,660	$ 6,885,000	-
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
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
Bank7	7522 N Interstate Hy, Austin, TX 78752	02/13/2025	$ 7,105,500	133,424	1996	65,839	$ 8,921,763	$ 1,701,156
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$ 89,735,150

Median$ 43,600,000.0

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

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License Details

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