1515 S Lamar Blvd, Austin, TX 78704 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $80,600,000County Travis

Property Details

The Apartments property 1515 S Lamar Blvd, Austin, TX 78704 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $80,600,000.

The gross building area is 270,600 square feet and the land area is 169,753 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: Lot 1 Blk A Shepherd Addn Lt 1 Blk A Amd

$80,600,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,124

Avg Rent

Property Image of 1515 S Lamar Blvd, Austin, TX 78704, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area270,600

Land Size169,753

Land Value$19,623,484

Improved Value$60,976,516

Total Assessed Value$80,600,000

Year Built2022

County NameTravis

Account Number380392

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeParking Garage

Bedrooms14

Bathrooms15

PatioAvailable

Business Center1

Granite Countertops1

Number of Units328

Sales History

9/4/2019

Arms-length$18,250,000

Buyer

Fairfield South Lamar Lllp

Seller

Harris Privateer Capitalist Inc

Book Number

2019.135971

Recording Date

9/4/2019

Transaction Details

Fairfield South Lamar Lllp acquired the property from Harris Privateer Capitalist Inc through a Arms-length transaction on 9/4/2019 for $18,250,000.

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

10/21/2019

Helocs both purchase money and non purchase money helocs$51,251,431

Borrower

Fairfield South Lamar Lllp

Lender

Capital One Bank Na

Book Number

2019.164639

Recording Date

10/21/2019

Transaction Details

Fairfield South Lamar Lllp borrowed the property from Capital One Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 10/21/2019 for $51,251,431.

9/4/2009

Helocs both purchase money and non purchase money helocs$2,700,000

Borrower

Security Portfolio Iv Llc

Lender

Rcb Bank

Book Number

2009.156954

Recording Date

9/4/2009

Transaction Details

Security Portfolio Iv Llc borrowed the property from Rcb Bank through a Helocs both purchase money and non purchase money helocs transaction on 9/4/2009 for $2,700,000.

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	$19,623,484	$52,680,008	$72,303,492	$72,303,492	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	SC	S20186	169,753	270,600
2025	$19,623,484	$60,976,516	$80,600,000	$80,600,000	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	SC	S20186	169,753	270,600
2024	$19,623,484	$62,076,516	$81,700,000	$81,700,000	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	SC	S20186	169,753	270,600
2023	$19,623,484	$52,876,516	$72,500,000	$72,500,000	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	SC	S20186	169,753	270,600
2022	$11,712,979	$31,886,986	$43,599,965	$43,599,965	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	SC	S20186	169,753	270,600
2021	$11,712,979	$8,887,021	$20,600,000	$20,600,000	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	08SC	S20186	169,753	270,600
2020	$11,712,979	$2,021	$11,715,000	$11,715,000	Fairfield South Lama...	5355 Mira Sorrento P...	Lot 1 Blk A Shepherd...	63SOU	S20186	169,753	57,360
2019	$11,203,719	$2,652,975	$13,856,694	$13,856,694	Stephen L Clark Fami...	1717 N Waterfront Pk...	Lot 1 Blk A Shepherd...	63SOU	S20186	169,753	57,360
2018	$11,748,397	$296,346	$12,044,743	$12,044,743	Stephen L Clark Fami...	1717 N Waterfront Pk...	Lot 1 Blk A Shepherd...	63SOU	S12315	169,840	57,360
2017	$9,171,360	$24,903	$9,196,263	$9,196,263	Stephen L Clark Fami...	1717 N Waterfront Pk...	Lot 1 Blk A Shepherd...	63SOU	S12315	169,840	57,360

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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 ↕
1515 S Lamar Blvd, Austin, TX 78704	380392	Apartments	Apartment High Rise (5+ stories)	Fairfield South Lamar Lllp	Travis	-	$ 18,250,000	2019-09-04	$ 67.44	2022	270,600	328
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	2.8	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	4.4	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.8	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	5.7	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.7	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	5.8	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	6.0	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	6.3	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	5.6	$ 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	7.3	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202

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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 ↕
—	1515 S Lamar Blvd, Austin, TX 78704	—	-	169,753	2022	270,600	$ 80,600,000	$ 19,623,484	-
Amplify Credit Union	84 N Interstate Hy 35, Austin, TX 78701	06/13/2025	$ 1,471,400	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	05/29/2025	$ 420,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
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
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
Brighthouse Life Insurance Co	404 Rio Grande St, Dallas, TX 75231	08/16/2024	$ 25,500,000	76,953	2003	138,473	$ 49,422,757	$ 14,669,089
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	08/01/2024	$ 608,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Travis County Credit Union	1100 E Oltorf St 12, Austin, TX 78719	07/22/2024	$ 60,000,000	597,395	1968	168,363	$ 49,737,313	$ 47,791,593	Travis Park Preservation Llc
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	07/15/2024	$ 164,520	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Arvest Bank	84 N Interstate Hy 35, Austin, TX 78701	07/05/2024	$ 485,720	17,651	2023	276,900	$ 109,508,744	$ 8,825,255	-
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	07/05/2024	$ 684,632	17,651	2023	276,900	$ 109,508,744	$ 8,825,255

Mean$ 5,438,330

Median$ 611,500.0

Loan Amount Range$ 95,105 - $ 60,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1515 S LAMAR BLVD, AUSTIN, TX 78704-2922	SECURITY SELF STORAGE	5124489595	STORAGE-HOUSEHOLD & COMMERCIAL
1515 S LAMAR BLVD, AUSTIN, TX 78704-2922	SECURITY SELF STORAGE	5124489595	WAREHOUSES-MERCHANDISE & SELF STORAGE

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Tenant Industry Distribution

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License Details

License Number

32090685853

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

7/10/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	TAILORED BY TYLER, LLC
	Address Line	1515 s lamar blvd apt 1504
	City / State / Zip	austin TX 78704
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78704
Registration Details	SOS Code	A

License Timeline

License Issued

7/10/2023

Currently Active

Status: -

Renewal Required

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