1508 E 51 St, Austin, TX 78723 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 1969Total Assessed Value $73,535,395County Travis

Property Details

The Office property 1508 E 51 St, Austin, TX 78723 is located in Travis County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $73,535,395.

The gross building area is 115,640 square feet and the land area is 783,845 square feet for this Office Building Low Rise 1 - 4 stories built in 1969.

Legal description: Lot 1-2 United Pentecostal Church Addn & Lot 13 & Lot 16-17 Ridgetop Gardens

$73,535,395

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1508 E 51 St, Austin, TX 78723, Office

1 / 3

Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area115,640

Land Size783,845

Land Value$47,030,687

Improved Value$26,504,708

Total Assessed Value$73,535,395

Year Built1969

County NameTravis

Account Number215170

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningYes

Fireplace1

Parking Space10

HeatingYes

Pool360

Roof CoverWood shake or shingles

Roof TypeMansard

Type ConstructionOther

No of Stories2

Garage TypeCarport 0

Bathrooms3

Sales History

2/6/2013

Arms-lengthNot Disclosed

Buyer

Weinstein Jonathan H

Seller

City Of Austin

Book Number

2013027878

Recording Date

2/6/2013

Transaction Details

Weinstein Jonathan H acquired the property from City Of Austin through a Arms-length transaction on 2/6/2013 for .

1/29/2013

Arms-lengthNot Disclosed

Buyer

Weinstein Jonathan H

Seller

City Of Austin Texas

Book Number

2013016844

Recording Date

1/29/2013

Transaction Details

Weinstein Jonathan H acquired the property from City Of Austin Texas through a Arms-length transaction on 1/29/2013 for .

11/15/2007

Arms-length$5,437,500

Buyer

The World Of Pentecost Inc

Seller

Book Number

2007.209362

Recording Date

11/15/2007

Transaction Details

The World Of Pentecost Inc acquired the property from through a Arms-length transaction on 11/15/2007 for $5,437,500.

Property constructed in 1969

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

11/3/2020

Helocs both purchase money and non purchase money helocs$6,050,000

Borrower

Life Family Inc

Lender

Extraco Banks Na

Book Number

2020.216101

Recording Date

11/3/2020

Transaction Details

Life Family Inc borrowed the property from Extraco Banks Na through a Helocs both purchase money and non purchase money helocs transaction on 11/3/2020 for $6,050,000.

2/25/2014

Sale$100,000

Borrower

Promiseland Church

Lender

Book Number

Recording Date

2/25/2014

Transaction Details

Promiseland Church borrowed the property from through a transaction on 2/25/2014 for $100,000.

11/15/2007

Arms length residential transactions purchase or resales$4,350,000

Borrower

The World Of Pentecost Inc

Lender

Central National Bank

Book Number

2007.209363

Recording Date

11/15/2007

Transaction Details

The World Of Pentecost Inc borrowed the property from Central National Bank through a Arms length residential transactions purchase or resales transaction on 11/15/2007 for $4,350,000.

Property constructed in 1969

Loading Mortgage History...

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	$47,030,687	$27,847,043	$74,877,730	$74,877,730	Life Family Inc	8901 W St Hwy 71	Lot 1-2 United Pente...	EAS	S14233	783,845	115,640
2025	$47,030,687	$26,504,708	$73,535,395	$73,535,395	Life Family Inc	8901 W St Hwy 71	Lot 1-2 United Pente...	EAS	S14233	783,845	115,640
2024	$22,265,280	$21,821,326	$44,086,606	$44,086,606	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	EXE	S14233	371,088	98,908
2023	$22,265,280	$22,103,581	$44,368,861	$44,368,861	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	EXE	S14233	371,088	98,908
2022	$14,843,520	$16,659,745	$31,503,265	$31,503,265	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	EXE	S14233	371,088	98,908
2021	$14,843,520	$16,778,839	$31,622,359	$31,622,359	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	00EXE	S14233	371,088	98,908
2020	$14,843,520	$16,475,373	$31,318,893	$31,318,893	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	00EXE	S14233	371,088	98,908
2019	$11,132,640	$16,475,373	$27,608,013	$27,608,013	Life Family Inc	8901 W St Hwy 71	Acr 8.519 Of Lot 1-2...	00EXE	S14233	371,088	98,908
2018	$11,132,640	$15,183,685	$26,316,325	$26,316,325	World Of Pentecost I...	Po Box 15086	Acr 8.519 * Of Lot 1...	00EXE	S14233	371,088	98,908
2017	$11,132,640	$14,785,165	$25,917,805	$25,917,805	World Of Pentecost I...	Po Box 15086	Acr 8.519 * Of Lot 1...	00EXE	S14233	371,088	98,908

Showentries

Showing 1 to 10 of 18 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1508 E 51 St, Austin, TX 78723	215170	Office	Office Building Low Rise 1 - 4 stories	Life Family Inc	Travis	-	$ 5,437,500	2007-11-15	$ 47.02	1969	115,640	-
712 E Huntland Dr, Austin, TX 78752	231373	Office	Office Building Low Rise 1 - 4 stories	City Of Austin	Travis	1.8	$ 23,250,000	2024-08-15	$ 223.97	1972	103,808	-
1124 S Interstate Hy 35, Austin, TX 78704	283706	Office	Office Building Low Rise 1 - 4 stories	Housing Authority Of Coa	Travis	4.7	$ 4,326,564	2024-07-26	$ 37.01	1978	116,918	-
9504 N Interstate Hy 35, Austin, TX 78753	246693	Office	Office Building Low Rise 1 - 4 stories	Idea Public Schools	Travis	3.9	$ 654,318	2024-06-10	$ 11.23	1988	58,264	-
4030 W Braker Ln, Austin, TX 78759	548249	Office	Office Building Low Rise 1 - 4 stories	Stonelake Holdings Llc	Travis	6.8	$ 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	7.8	$ 3,378,800	2024-06-06	$ 30.85	1985	109,540	600
7600 N Capital Of Tx Hy B, Austin, TX 78750	799364	Office	Office Building Low Rise 1 - 4 stories	7600 Cap Tx Lp	Travis	6.8	$ 19,950,000	2024-12-12	$ 195.57	1998	102,008	-
2100 S Interstate Hy 35, Austin, TX 78704	285904	Office	Office Building Low Rise 1 - 4 stories	Regency Office Center L P	Travis	5.4	$ 2,205,210	2024-09-05	$ 20.60	1978	107,050	-
8701 N Mo Pac Expressway, Austin, TX 78759	251443	Office	Office Building Low Rise 1 - 4 stories	Mopac Atrium Investments Llc	Travis	5.3	$ 16,308,014	2024-12-18	$ 134.82	1982	120,960	-
4301 Westbank Dr, Austin, TX 78746	107958	Office	Office Building Low Rise 1 - 4 stories	Escalade Westbank Llc	Travis	7.3	$ 12,202,085	2025-06-27	$ 107.54	1985	113,461	-
2211 S Interstate Hy 35, Austin, TX 78741	285953	Office	Office Building Low Rise 1 - 4 stories	Capsat Nevada Llc & Bbc Mondo Llc	Travis	5.5	$ 450,000	2024-08-22	$ 10.57	1981	42,560	-

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1508 E 51 St, Austin, TX 78723	—	-	783,845	1969	115,640	$ 73,535,395	$ 47,030,687	-
Horizon Bank Ssb	2131 Theo Dr, Austin, TX 78723	09/12/2025	$ 750,000	20,399	1969	6,000	$ 1,751,899	$ 1,020,000	3115 Manor Mu Ltd
Standard Insurance Company	5701 Cameron Rd, Austin, TX 78723	07/31/2025	$ 2,200,000	72,423	1976	10,616	$ 3,755,139	$ 2,172,675	Spark Root Inc
Boston Capital Long Term Mortg	4210 Medical Pkwy, Austin, TX 78756	07/18/2025	$ 14,500,000	8,442	1940	979	$ 907,402	$ 759,870	-
American Bank Of Commerce	3850 Airport Blvd, Austin, TX 78722	06/17/2025	$ 900,000	20,600	1985	864	$ 1,480,028	$ 1,236,060	Asazu Property Group Llc
Truist Bank	3208 Red River St, Austin, TX 78705	06/09/2025	$ 5,000,000	19,759	1985	21,563	$ 5,467,694	$ 1,976,000
Frost Bank	5207 Airport Blvd, Austin, TX 78751	04/22/2025	$ 1,549,000	17,019	1987	6,000	$ 1,919,238	$ 1,191,190	Wg Investments Llc
Yktn Private Credit Fund I Llc	5303 Samuel Huston Ave, Austin, TX 78721	04/22/2025	$ 3,012,244	37,549	1970	4,004	$ 1,469,912	$ 375,485	Mital Re Llcseries Bunche Leg
First United Bank & Trust Co	7908 Cameron Rd, Austin, TX 78754	04/21/2025	$ 2,000,000	85,983	2011	10,122	$ 1,730,109	$ 526,216	Soeur Family Limited Partnership
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
Cap Certified Dev Corporation	2929 E 12 St, Austin, TX 78702	02/27/2025	$ 449,000	6,604	1973	1,984	$ 696,040	$ 792,540	Quijote Properties Llc

Mean$ 7,386,154

Median$ 2,100,000.0

Loan Amount Range$ 100,000 - $ 102,186,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Loading Tenant Details...

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...