405 Neches St Unit1, Austin, TX 78701 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 2004Total Assessed Value $231,803,944County Travis

Property Details

The Service property 405 Neches St Unit1, Austin, TX 78701 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 $231,803,944.

The gross building area is 609,613 square feet and the land area is 57,140 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 2004.

Legal description: Unt Hotel (Aka Unit 1) Neches Hotel Condominiums Amended Plus 75.01% Int In Com Area (Commercial Personal Property)

$231,803,944

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 405 Neches St Unit1, Austin, TX 78701, Service

1 / 3

Property Information

Property TypeService

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

Building Area609,613

Land Size57,140

Land Value$68,567,544

Improved Value$163,236,400

Total Assessed Value$231,803,944

Year Built2004

County NameTravis

Account Number525246

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Number of Units1

Sales History

6/2/2010

Arms-lengthNot Disclosed

Buyer

Austin Convention Enterprises Inc

Seller

Neches Street Partners Lp

Book Number

2010080282

Recording Date

6/2/2010

Transaction Details

Austin Convention Enterprises Inc acquired the property from Neches Street Partners Lp through a Arms-length transaction on 6/2/2010 for .

6/2/2010

Arms-lengthNot Disclosed

Buyer

Austin Convention Enterprises Inc

Seller

Neches Street Partners Lp

Book Number

2010.88891

Recording Date

6/2/2010

Transaction Details

Austin Convention Enterprises Inc acquired the property from Neches Street Partners Lp through a Arms-length transaction on 6/2/2010 for .

Property constructed in 2004

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

5/1/2017

Arms length residential transactions purchase or resales$165,000

Borrower

Austin Convention Enterprises Inc

Lender

Us Bank

Book Number

2017.73971

Recording Date

5/1/2017

Transaction Details

Austin Convention Enterprises Inc borrowed the property from Us Bank through a Arms length residential transactions purchase or resales transaction on 5/1/2017 for $165,000.

Property constructed in 2004

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	$68,567,544	$163,236,400	$231,803,944	$231,803,944	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	CBD1	C00493	57,140	609,613
2025	$74,281,506	$191,474,578	$265,756,084	$265,756,084	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	CBD1	C00493	57,138	609,613
2024	$74,281,506	$219,178,884	$293,460,390	$293,460,390	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	CBD1	C00493	57,138	609,613
2023	$77,995,581	$176,745,294	$254,740,875	$254,740,875	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	CBD1	C00493	57,138	609,613
2022	$38,997,791	$202,332,209	$241,330,000	$241,330,000	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	CBD1	C00493	57,138	609,613
2021	$38,997,792	$170,220,296	$209,218,088	$209,218,088	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	34CBD1	C00493	57,138	609,613
2020	$38,997,792	$207,612,936	$246,610,728	$246,610,728	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	34CBD1	C00493	57,138	609,613
2019	$23,098,692	$263,279,843	$286,378,535	$286,378,535	Austin Convention En...	Po Box 1088	Unt Hotel (aka Unit ...	34CBD1	C00493	57,138	609,613
2018	$15,179,141	$286,160,050	$301,339,191	$301,339,191	Austin Convention En...	Po Box 1088	Unt Hotel (aka Unit ...	34CBD1	C00493	57,138	609,613
2017	$15,179,141	$282,341,093	$297,520,234	$297,520,234	Austin Convention En...	Po Box 1088	Unt Hotel (Aka Unit ...	34CBD1	C00493	57,138	609,613

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 ↕
405 Neches St Unit1, Austin, TX 78701	525246	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Austin Convention Enterprises Inc	Travis	-	-	-	-	2004	609,613	1
608 E Cesar Chavez St, Austin, TX 78701	191606	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Waller Creek Eleven Ltd	Travis	0.2	$ 492,000,000	2024-06-01	$ 425.56	2016	1,156,135	1048
1011 E Houston St, San Antonio, TX 78205	105736	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Sat Dwnt Holdings Llc	Bexar	73.5	$ 11,172,000	2025-01-14	$ 54.79	1997	203,910	215
1301 Solana Blvd, Westlake, TX 76262	06387586	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Supreme Bright Westlake I Llc	Tarrant	191.6	$ 17,500,000	2023-09-26	$ 71.63	1990	244,297	294
5805 Granite Pkwy, Plano, TX 75024	2615448	Service	Hotel/Motel, Low-rise (1 - 3 stories)	5805 Granite Pkwy Owner Llc	Collin	203.6	$ 86,000,000	2023-06-20	$ 289.08	2013	297,500	-
6007 Legacy Dr Unit304, Plano, TX 75024	2757885	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Pr Hotelier Llc	Collin	202.8	$ 136,000,000	2023-06-30	$ 493.72	2015	275,457	304
1000 Boulevard Of The Arts, Sarasota, FL 34236	2009-09-0026	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Kt Sarasota Bay Llc	Sarasota	946.3	$ 31,000,000	2022-07-01	$ 117.52	1975	263,780	294
1200 Collins Rd, Cedar Rapids, IA 52402	14-03-2-77-003-0-0000	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Voyage Ia I Llc	Linn	885.4	$ 8,180,000	2023-07-10	$ 43.89	1988	186,388	221
9300 Bryn Mawr Ave, Rosemont, IL 60018	12-03-302-024	Service	Hotel/Motel, Low-rise (1 - 3 stories)	M4 Chicago Airport Llc & M4 Chicago Airport Tenant Llc	Cook	983.6	$ 27,141,500	2024-12-10	$ 32.58	1981	833,077	1096
10918 E 41st St, Tulsa, OK 74146	74725-94-30-40180	Service	Hotel/Motel, Low-rise (1 - 3 stories)	41 Street Of Partners Llc	Tulsa	420.3	$ 2,950,000	2023-04-28	$ 12.69	1983	232,530	336
6921 S Lindbergh Blvd, Saint Louis, MO 63125	28J-1-1-070-2	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Widewaters St Louis Company Llc Co The Widewaters Group Incw Holstein	St. Louis	712.8	$ 5,725,000	2024-03-19	$ 28.35	1986	201,968	-

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 ↕
—	405 Neches St Unit1, Austin, TX 78701	—	-	57,140	2004	609,613	$ 231,803,944	$ 68,567,544	-
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
Wells Fargo Bank Na	4140 Governors Row, Austin, TX 78744	05/14/2025	$ 23,415,600	332,332	1982	171,225	$ 28,872,741	$ 28,872,741
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
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$ 81,865,431

Median$ 35,225,000.0

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

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...