5708 W Parmer Ln, Austin, TX 78727 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2017Total Assessed Value $73,910,000County Travis

Property Details

The Apartments property 5708 W Parmer Ln, Austin, TX 78727 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $73,910,000.

The gross building area is 277,022 square feet and the land area is 614,196 square feet for this Apartment High Rise (5+ stories) built in 2017.

Legal description: 14.1 Ac Of Lot 1 Parmer Lane Luxury Apartments Subd

$73,910,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,433

Avg Rent

Property Image of 5708 W Parmer Ln, Austin, TX 78727, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area277,022

Land Size614,196

Land Value$2,456,784

Improved Value$71,453,216

Total Assessed Value$73,910,000

Year Built2017

County NameTravis

Account Number820453

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeDetached Garages

Bedrooms11

Bathrooms10

PatioAvailable

Access Gates1

Business Center1

Vaulted Ceilings1

Walk-in Closets1

Granite Countertops1

Number of Units256

Sales History

2/1/2018

Arms-length$52,600,000

Buyer

Imp Republic Pl Llc

Seller

Epoch Parmer Lane Iii Llc

Book Number

2018022091

Recording Date

2/1/2018

Transaction Details

Imp Republic Pl Llc acquired the property from Epoch Parmer Lane Iii Llc through a Arms-length transaction on 2/1/2018 for $52,600,000.

11/30/2016

Arms-length$34,250,000

Buyer

Timbercreek Monterra Lp

Seller

Monterra Acquisition Lp

Book Number

2016199788

Recording Date

11/30/2016

Transaction Details

Timbercreek Monterra Lp acquired the property from Monterra Acquisition Lp through a Arms-length transaction on 11/30/2016 for $34,250,000.

10/22/2015

Arms-length$20,328,100

Buyer

Epoch Parmer Lane Iii Llc

Seller

Robinson Land Limited Partnership

Book Number

2015170670

Recording Date

10/22/2015

Transaction Details

Epoch Parmer Lane Iii Llc acquired the property from Robinson Land Limited Partnership through a Arms-length transaction on 10/22/2015 for $20,328,100.

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

6/3/2021

Arms length residential transactions purchase or resales$51,045

Borrower

Delgado Sonny

Lender

Kalal Investments Inc

Book Number

2021.2021128220

Recording Date

6/3/2021

Transaction Details

Delgado Sonny borrowed the property from Kalal Investments Inc through a Arms length residential transactions purchase or resales transaction on 6/3/2021 for $51,045.

8/1/2018

Arms length residential transactions purchase or resales$30,000,000

Borrower

Imp Republic Place Llc

Lender

Brekelly Point Capital Llc

Book Number

2018.122770

Recording Date

8/1/2018

Transaction Details

Imp Republic Place Llc borrowed the property from Brekelly Point Capital Llc through a Arms length residential transactions purchase or resales transaction on 8/1/2018 for $30,000,000.

11/30/2016

Helocs both purchase money and non purchase money helocs$27,400,000

Borrower

Timbercreek Monterra Lp

Lender

Cibc Inc

Book Number

2016.199789

Recording Date

11/30/2016

Transaction Details

Timbercreek Monterra Lp borrowed the property from Cibc Inc through a Helocs both purchase money and non purchase money helocs transaction on 11/30/2016 for $27,400,000.

9/30/2015

Helocs both purchase money and non purchase money helocs$25,000,000

Borrower

Monterra Acquisitions Lp

Lender

Bank Of America Na

Book Number

2015.157842

Recording Date

9/30/2015

Transaction Details

Monterra Acquisitions Lp borrowed the property from Bank Of America Na through a Helocs both purchase money and non purchase money helocs transaction on 9/30/2015 for $25,000,000.

Property constructed in 2017

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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	$2,456,784	$65,157,424	$67,614,208	$67,614,208	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	FNW	S18173	614,196	277,022
2025	$2,456,784	$71,453,216	$73,910,000	$73,910,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	FNW	S18173	614,196	277,022
2024	$2,456,784	$76,473,216	$78,930,000	$78,930,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	FNW	S18173	614,196	277,022
2023	$2,456,784	$80,733,216	$83,190,000	$83,190,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	FNW	S18173	614,196	277,022
2022	$3,685,176	$66,254,824	$69,940,000	$69,940,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	FNW	S18173	614,196	277,022
2021	$2,456,784	$51,043,216	$53,500,000	$53,500,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	08FNW	S18173	614,196	277,022
2020	$2,456,784	$50,193,216	$52,650,000	$52,650,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	08FNW	S18173	614,196	277,022
2019	$2,456,784	$49,043,216	$51,500,000	$51,500,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	08FNW	S18173	614,196	277,022
2018	$2,456,784	$50,143,216	$52,600,000	$52,600,000	Imp Republic Place L...	13401 Legendary Dr	14.1 Ac Of Lot 1 Par...	08FNW	S18173	614,196	277,022
2017	$4,121,822	$17,477,617	$21,599,439	$21,599,439	Epoch Parmer Lane Ii...	% Justin Sand, 359 C...	Lot 1 Parmer Lane Lu...	08FNW	S18173	1,030,455	281,726

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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 ↕
5708 W Parmer Ln, Austin, TX 78727	820453	Apartments	Apartment High Rise (5+ stories)	Imp Republic Place Llc	Travis	-	$ 52,600,000	2018-02-01	$ 189.88	2017	277,022	256
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	2.9	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
11266 Taylor Draper Ln, Austin, TX 78759	158202	Apartments	Apartment High Rise (5+ stories)	Northland Museo Llc	Travis	2.3	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	3.2	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	4.6	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	3.2	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
11205 N Fm 620, Austin, TX 78726	178190	Apartments	Apartment High Rise (5+ stories)	Cws Plaza Volente Mf Lp	Travis	5.4	$ 76,542,830	2025-11-10	$ 249.41	2024	306,900	372
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.9	$ 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	7.6	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
12601 Innovar Cir, Manor, TX 78653	944124	Apartments	Apartment High Rise (5+ stories)	Janis Atx Llc	Travis	7.8	$ 129,643,500	2024-12-20	$ 495.59	2024	261,594	1
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	7.0	$ 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 ↕
—	5708 W Parmer Ln, Austin, TX 78727	—	-	614,196	2017	277,022	$ 73,910,000	$ 2,456,784	-
Bds V Reit Llc	3100 Scofield Ridge Pkwy, Austin, TX 78727	09/10/2025	$ 30,767,500	142,920	2022	130,350	$ 44,069,813	$ 3,037,058	Mpc Scofield Lp
Acre Originator Llc	8528 Burnet Rd, Austin, TX 78757	09/10/2025	$ 39,450,000	120,666	2024	276,841	$ 85,504,863	$ 5,429,950	Burnet Apartments Lp
American Heritage Lending Llc	8404 Fathom Cir, Austin, TX 78750	09/08/2025	$ 495,000	17,415	1985	9,004	$ 1,170,520	$ 348,280	Otti Estates Llc
Foundation Communities Inc	10024 N Capital Of Tx Hy, Austin, TX 78759	08/20/2025	$ 1,000,000	146,100	2024	71,862	$ 15,045,975	$ 2,191,485	Fc Balcones Terrace Housing Co
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
Keybank National Association	4025 Duval Rd, Austin, TX 78759	07/31/2025	$ 50,022,000	1,089,044	1994	417,231	$ 96,068,977	$ 8,712,344	Bmef San Marin Limited Partner
Jpmorgan Chase Bank Na	10010 N Capital Of Tx Hy, Austin, TX 78759	04/21/2025	$ 12,700,000	74,605	2024	104,400	$ 19,924,400	$ 1,119,105
Origin Bank	9127 Research Blvd, Austin, TX 78758	04/03/2025	$ 150,000	128,206	2024	233,475	$ 73,900,000	$ 5,128,200
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
Wells Fargo Bank Na	14761 Merrilltown Dr, Austin, TX 78728	03/06/2025	$ 102,741	978,684	1998	266,574	$ 32,394,783	$ 14,680,265

Mean$ 29,641,414

Median$ 24,891,500.0

Loan Amount Range$ 102,741 - $ 95,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
13401 LEGENDARY DR, AUSTIN, TX 78727-3933	MONTERRA	5122198700	APARTMENTS
13401 LEGENDARY DR, AUSTIN, TX 78727-3933	SIRVA RELOCATION	5125201999	RELOCATION SERVICE

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License Details

License Number

32092188708

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

10/10/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	LEGENDARY 3 LLC
	Address Line	13401 legendary dr apt 2301
	City / State / Zip	austin TX 78727
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	78727
Registration Details	SOS Code	A

License Timeline

License Issued

10/10/2023

Currently Active

Status: -

Renewal Required

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