5005 E Parmer Ln, Austin, TX 78653 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2024Total Assessed Value $98,897,382County Travis

Property Details

The Apartments property 5005 E Parmer Ln, Austin, TX 78653 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $98,897,382.

The gross building area is 398,475 square feet and the land area is 1,530,524 square feet for this Apartment High Rise (5+ stories) built in 2024.

Legal description: Abs 160 Sur 50 Castro M & Abs 513 Sur 55 Munos L Acr 35.136

$98,897,382

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5005 E Parmer Ln, Austin, TX 78653, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area398,475

Land Size1,530,524

Land Value$19,896,814

Improved Value$79,000,568

Total Assessed Value$98,897,382

Year Built2024

County NameTravis

Account Number442714

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Number of Units483

Sales History

12/17/2020

Other$5,250,000

Buyer

Webster Elizabeth Ann Etal Trs

Seller

Book Number

Recording Date

12/17/2020

Transaction Details

Webster Elizabeth Ann Etal Trs acquired the property from through a Other transaction on 12/17/2020 for $5,250,000.

Property constructed in 2024

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	$19,896,814	$71,573,352	$91,470,166	$91,470,166	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	NO2	A0160	1,530,524	398,475
2025	$19,896,814	$79,000,568	$98,897,382	$98,897,382	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	NO2	A0160	1,530,524	398,475
2024	$19,896,814	$23,054,247	$42,951,061	$42,951,061	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	NO2	A0160	1,530,524	398,475
2023	$6,122,097	$15,991,200	$22,113,297	$22,113,297	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	NO2	A0160	1,530,524	398,475
2022	$6,122,097	$1,141,796	$7,263,893	$7,263,893	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	NO2	A0160	1,530,524	398,475
2021	$3,726,078	-	$3,726,078	$3,726,078	Legacy On Parmer Own...	950 Tower Ln Ste 900	Abs 160 Sur 50 Castr...	1NE1	A0160	1,242,026	-
2020	$2,500,000	-	$3,039	$2,500,000	Webster Elizabeth An...	6018 Deerwood Rd	Abs 160 Sur 50 Castr...	1NE1	A0160	1,241,808	-
2019	$2,500,000	-	$3,039	$2,500,000	Webster Elizabeth An...	6018 Deerwood Rd	Abs 160 Sur 50 Castr...	1NE1	A0160	1,241,808	-
2018	$2,500,000	-	$3,086	$2,500,000	Webster Elizabeth An...	6018 Deerwood Rd	Abs 160 Sur 50 Castr...	1NE1	A0160	1,241,808	-
2017	$3,725,425	-	$3,725,425	$3,725,425	Webster Elizabeth An...	6018 Deerwood Rd	Abs 160 Sur 50 Castr...	1NE1	A0160	1,241,808	-

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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 ↕
5005 E Parmer Ln, Austin, TX 78653	442714	Apartments	Apartment High Rise (5+ stories)	Legacy On Parmer Owner Llc	Travis	-	$ 5,250,000	2020-12-17	$ 13.18	2024	398,475	483
12601 Innovar Cir, Manor, TX 78653	942982	Apartments	Apartment High Rise (5+ stories)	Vaughan Atx Llc	Travis	0.7	$ 15,184,900	2024-12-20	$ 46.95	2022	323,425	312
12601 Innovar Cir, Manor, TX 78653	944124	Apartments	Apartment High Rise (5+ stories)	Janis Atx Llc	Travis	0.5	$ 129,643,500	2024-12-20	$ 495.59	2024	261,594	1
8110 Blue Goose Rd, Manor, TX 78653	956771	Apartments	Apartment High Rise (5+ stories)	Eightyone10 Blue Goose Lp	Travis	2.6	$ 42,014,700	2024-08-23	$ 148.86	2022	282,251	300
10700 Genome Dr, Manor, TX 78653	938136	Apartments	Apartment High Rise (5+ stories)	Pleasanton Housing Finance	Travis	3.8	$ 45,220,000	2024-12-31	$ 202.26	2022	223,575	271
12000 Dessau Rd, Austin, TX 78754	502274	Apartments	Apartment High Rise (5+ stories)	Cws Canyon Llc & Beachwood Canyon	Travis	2.0	$ 34,670,440	2025-08-26	$ 148.29	2008	233,808	264
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	6.8	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
19365 Wilke Ln, Pflugerville, TX 78660	961801	Apartments	Apartment High Rise (5+ stories)	Dp Wilke Pflugerville Llc &	Travis	7.6	$ 60,980,500	2024-07-30	$ 221.30	2022	275,550	334
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	6.3	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	5.1	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.1	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562

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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 ↕
—	5005 E Parmer Ln, Austin, TX 78653	—	-	1,530,524	2024	398,475	$ 98,897,382	$ 19,896,814	-
Gs Go Ii Reit Llc	1127 Pearl Retreat Lane, Austin, TX 78753	09/11/2025	$ 38,000,000	647,916	2020	266,728	$ 64,310,000	$ 8,422,895	Mag Citadel Lp
Prudential Insurance Coameric	11604 Stonehollow Dr, Austin, TX 78758	08/01/2025	$ 59,180,000	217,382	2024	311,025	$ 102,453,969	$ 4,347,620	Mcref Iii Eado Apartments Llc
Lrecs Holdings Iia Llc	824 Camino La Costa, Austin, TX 78752	06/30/2025	$ 22,325,000	264,845	2011	94,248	$ 29,400,976	$ 7,945,344	Firmus Centro Llc
Bsp Odf Ii Finance Llc	1915 Wells Branch Pkwy, Austin, TX 78728	03/13/2025	$ 24,500,000	483,080	1986	223,736	$ 33,750,000	$ 2,898,480	1915 Wbp Owner Llc
Vista Bank	404 E Olympic Dr, Pflugerville, TX 78660	02/25/2025	$ 36,500,000	459,906	2024	242,550	$ 1,861,635	$ 919,813	100 Dessau Leasehold Lp
Falcon International Bank	303 John Nance Garner Cir, Austin, TX 78753	02/06/2025	$ 600,000	41,683	1971	15,600	$ 2,886,000	$ 833,620	Sonora Apartments Llc
Austin Housing Finance Corp	1934 Rutland Dr, Austin, TX 78758	01/09/2025	$ 750,000	93,994	2022	108,747	$ 7,739,162	$ 1,879,860
Loancore Cap Credit Reit Llc	10700 Genome Dr, Manor, TX 78653	12/31/2024	$ 34,000,000	543,128	2022	223,575	$ 45,000,000	$ 1,086,254	Grand At Manor Venture Llc
Berkadia Commercial Mtg Llc	1088 Park Plaza, Austin, TX 78753	12/20/2024	$ 23,075,000	1,017,213	1996	238,200	$ 41,208,600	$ 3,051,639	Fp Affordable Housing Lp
Berkeley Point Capital Llc	12100 Metric Blvd, Austin, TX 78758	11/25/2024	$ 50,050,000	913,453	1997	341,789	$ 90,175,331	$ 6,165,808	12100 Metric Lp

Mean$ 26,429,845

Median$ 24,462,500.0

Loan Amount Range$ 65,190 - $ 63,138,000

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License Details

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