122 Sheraton Ave, Austin, TX 78745 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $71,597,625County Travis

Property Details

The Apartments property 122 Sheraton Ave, Austin, TX 78745 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $71,597,625.

The gross building area is 210,375 square feet and the land area is 146,405 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: 2.3452 Ac Of Blk 25 Fortview Addn & Lot 2 Farrell Thomas Subd

$71,597,625

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 122 Sheraton Ave, Austin, TX 78745, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area210,375

Land Size146,405

Land Value$4,392,155

Improved Value$67,205,470

Total Assessed Value$71,597,625

Year Built2022

County NameTravis

Account Number316382

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverWood shake or shingles

Type ConstructionSteel

No of Stories1

Number of Units255

Sales History

7/18/2020

Other$10,466,367

Buyer

4515 South Congress Ave Lp

Seller

Book Number

Recording Date

7/18/2020

Transaction Details

4515 South Congress Ave Lp acquired the property from through a Other transaction on 7/18/2020 for $10,466,367.

7/1/2018

Other$9,600,000

Buyer

Life Storage Lp

Seller

Book Number

Recording Date

7/1/2018

Transaction Details

Life Storage Lp acquired the property from through a Other transaction on 7/1/2018 for $9,600,000.

6/20/2012

Arms-lengthNot Disclosed

Buyer

Cptx 4515 S Congress Avenue Llc Attn Bill Post

Seller

Storage Upreit Partners Lp

Book Number

2012.99891

Recording Date

6/20/2012

Transaction Details

Cptx 4515 S Congress Avenue Llc Attn Bill Post acquired the property from Storage Upreit Partners Lp through a Arms-length transaction on 6/20/2012 for .

1/30/2012

Arms-lengthNot Disclosed

Buyer

Storage Upreit Partners Lp Attn Mr Robert Wallace

Seller

Sk South Congress Investors Lp

Book Number

2012014681

Recording Date

1/30/2012

Transaction Details

Storage Upreit Partners Lp Attn Mr Robert Wallace acquired the property from Sk South Congress Investors Lp through a Arms-length transaction on 1/30/2012 for .

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

2/28/2025

Arms length residential transactions purchase or resales$37,950,000

Borrower

Lender

Rga Reinsurance Co

Book Number

2025.21956

Recording Date

2/28/2025

Transaction Details

borrowed the property from Rga Reinsurance Co through a Arms length residential transactions purchase or resales transaction on 2/28/2025 for $37,950,000.

Property constructed in 2022

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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	$4,392,155	$63,734,283	$68,126,438	$68,126,438	Tchfc Southside Land...	700 Lavaca St Ste 15...	2.3452 Ac Of Blk 25 ...	EXE	S04757	146,405	210,375
2025	$4,392,155	$67,205,470	$71,597,625	$71,597,625	Tchfc Southside Land...	Travis County Housin...	2.3452 Ac Of Blk 25 ...	EXE	S04757	146,405	210,375
2024	$4,392,155	$64,593,345	$68,985,500	$68,985,500	Tchfc Southside Land...	700 Lavaca St Ste 15...	2.3452 Ac Of Blk 25 ...	EXE	S04757	146,405	210,375
2023	$4,392,155	$43,908,419	$48,300,574	$48,300,574	Tchfc Southside Land...	% Travis County Hous...	2.3452 Ac Of Blk 25 ...	EXE	S04757	146,405	210,375
2022	$4,392,155	$4,000,000	$8,392,155	$8,392,155	Tchfc Southside Land...	% Travis County Hous...	2.3452 Ac Of Blk 25 ...	TC	S04757	146,405	49,105
2021	$3,100,644	$4,487,472	$7,588,116	$7,588,116	Tchfc Southside Land...	% Travis County Hous...	2.3727 Ac Of Blk 25 ...	63SOU	S04757	103,355	49,105
2020	$3,100,644	$4,784,315	$7,884,959	$7,884,959	4515 South Congress ...	1601 S Mopac Express...	2.3727 Ac Of Blk 25 ...	63SOU	S04757	103,355	49,105
2019	$2,583,870	$4,591,247	$7,175,117	$7,175,117	4515 South Congress ...	1601 S Mopac Express...	2.3727 Ac Of Blk 25 ...	63SOU	S04757	103,355	49,105
2018	$2,583,870	$4,072,563	$6,656,433	$6,656,433	Life Storage Lp	6467 Main St Ste 200	2.3727 Ac Of Blk 25 ...	63SOU	S04757	103,355	49,105
2017	$2,067,096	$1,856,247	$3,923,343	$3,923,343	Cptx 4515 S Congress...	6467 Main St Ste 200	2.3727 Ac Of Blk 25 ...	63SOU	S04757	103,355	49,105

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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 ↕
122 Sheraton Ave, Austin, TX 78745	316382	Apartments	Apartment High Rise (5+ stories)	Tchfc Southside Land Llc	Travis	-	$ 10,466,367	2020-07-18	$ 49.75	2022	210,375	255
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	4.2	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
827 W 12 St, Austin, TX 78701	196630	Apartments	Apartment High Rise (5+ stories)	827 West 12th Street Llc	Travis	4.3	$ 15,960,000	2024-07-17	$ 134.34	2022	118,800	144
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	2.9	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	3.5	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	3.5	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	7.4	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	8.0	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	6.9	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	9.2	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
9301 Old Bee Caves Rd, Austin, TX 78737	583370	Apartments	Apartment High Rise (5+ stories)	Lcp Mfiii Conservancy Llc	Travis	8.7	$ 36,020,390	2024-12-23	$ 180.27	2015	199,816	240

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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 ↕
—	122 Sheraton Ave, Austin, TX 78745	—	-	146,405	2022	210,375	$ 71,597,625	$ 4,392,155	-
First United Bk&tr Company	2209 Woodland Ave, Austin, TX 78704	06/06/2025	$ 355,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Protective Life Insurance Co	1900 Burton Dr, Austin, TX 78741	05/30/2025	$ 5,650,000	207,302	1972	98,546	$ 13,505,824	$ 4,146,000	Flats On Burton Llc
First United Bank & Trust Co	2209 Woodland Ave, Austin, TX 78704	05/30/2025	$ 470,250	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Walker & Dunlop Llc	1500 E Riverside Dr, Austin, TX 78741	04/29/2025	$ 13,000,000	337,869	1963	144,018	$ 32,290,000	$ 32,290,000	Park Place Associates Limited
Arixa Institutional Lndg Ptrs	2209 Woodland Ave, Austin, TX 78704	04/14/2025	$ 14,000,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Bellco Credit Union	1704 Nelms Dr, Austin, TX 78744	03/06/2025	$ 22,000,000	647,689	1996	287,740	$ 50,137,900	$ 1,943,067
Rga Reinsurance Co	122 Sheraton Ave, Austin, TX 78745	02/28/2025	$ 37,950,000	146,405	2022	210,375	$ 71,597,625	$ 4,392,155
Foundation Communities Inc	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390	-

Mean$ 19,741,167

Median$ 12,691,000.0

Loan Amount Range$ 50,000 - $ 60,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
4515 S CONGRESS AVE, AUSTIN, TX 78745-1907	LIFE STORAGE	5126499775	STORAGE-HOUSEHOLD & COMMERCIAL

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License Details

This details prefers to stay low-key.

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