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

ServiceYear Built 2004Total Assessed Value $265,756,084County Travis

Property Details

The Service property 405 Neches St 1, 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 $265,756,084.

The gross building area is 609,613 square feet and the land area is 57,138 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)

$265,756,084

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 405 Neches St 1, Austin, TX 78701, Service

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Property Information

Property TypeService

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

Building Area609,613

Land Size57,138

Land Value$74,281,506

Improved Value$191,474,578

Total Assessed Value$265,756,084

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

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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

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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	$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

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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 ↕
405 Neches St 1, Austin, TX 78701	525246	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Austin Convention Enterprises Inc	Travis	-	-	-	-	2004	609,613	1
1011 E Houston St, San Antonio, TX 78205	105736	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Bw Rri Iii Llc	Bexar	73.5	$ 11,172,000	2025-01-14	$ 54.79	1997	203,910	215
14315 Midway Rd, Addison, TX 75001	100006800A0020000	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Apf Dallas Llc	Dallas	193.7	$ 18,272,308	2025-08-16	$ 66.81	1984	273,481	429
1301 Solana Blvd, Westlake, TX 76262	06387586	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Supreme Bright Westlake I Llc	Tarrant	191.6	$ 11,571,000	2023-09-26	$ 47.36	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	120
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
5876 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746	092528424000010120	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Slf V Ssrp Holdco Llc	Osceola	991.3	$ 24,000,000	2023-08-22	$ 125.93	1989	190,580	-
8250 Jamaican Ct, Orlando, FL 32819	36-23-28-7152-02-001	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Hit Portfolio I Owner Llc	Orange	992.5	$ 37,661,000	2024-06-14	$ 184.40	1984	204,233	246
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
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
11450 Marbella Palms Ct, Orlando, FL 32836	15-24-28-5120-00-011	Service	Hotel/Motel, Low-rise (1 - 3 stories)	11450 Marbella Palms Llc	Orange	992.0	$ 31,000,000	2023-05-11	$ 153.75	2001	201,629	210

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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 ↕
—	405 Neches St 1, Austin, TX 78701	—	-	57,138	2004	609,613	$ 265,756,084	$ 74,281,506	-
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

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