1121 New Meister Ln, Pflugerville, TX 78660 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2017Total Assessed Value $86,743,169County Travis

Property Details

The Apartments property 1121 New Meister Ln, Pflugerville, TX 78660 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $86,743,169.

The gross building area is 361,440 square feet and the land area is 842,842 square feet for this Apartment High Rise (5+ stories) built in 2017.

Legal description: Lot 1 Blk A Springbrook Apartments Phs 2

$86,743,169

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,009

Avg Rent

Property Image of 1121 New Meister Ln, Pflugerville, TX 78660, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area361,440

Land Size842,842

Land Value$5,057,055

Improved Value$81,686,114

Total Assessed Value$86,743,169

Year Built2017

County NameTravis

Account Number832098

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeAttached Garages,Detached Garages

Bedrooms19

Bathrooms17

PatioAvailable

Access Gates1

Jogging Trail1

Furnished Units1

Walk-in Closets1

School Bus Pickup1

Granite Countertops1

Steel Appliances1

Number of Units384

Elevator

Sales History

4/29/2022

Arms-lengthNot Disclosed

Buyer

Sreit Emerson Pflugerville Llc

Seller

Ma Emerson At Pflugerville Llc

Book Number

2022.84686

Recording Date

4/29/2022

Transaction Details

Sreit Emerson Pflugerville Llc acquired the property from Ma Emerson At Pflugerville Llc through a Arms-length transaction on 4/29/2022 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

2/6/2018

Helocs both purchase money and non purchase money helocs$3,900,000

Borrower

Ma Emerson At Pflugerville Llc

Lender

Key Bank Na

Book Number

2018.18137

Recording Date

2/6/2018

Transaction Details

Ma Emerson At Pflugerville Llc borrowed the property from Key Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 2/6/2018 for $3,900,000.

12/18/2015

Sale$27,100,000

Borrower

Pf Vst Ii Lp

Lender

Synovus Bank

Book Number

2015200213

Recording Date

12/18/2015

Transaction Details

Pf Vst Ii Lp borrowed the property from Synovus Bank through a transaction on 12/18/2015 for $27,100,000.

5/26/2015

Reo and trustee deeds$1,000,000

Borrower

Pf Vst Ii Lp

Lender

5b Investments Inc

Book Number

2015084873

Recording Date

5/26/2015

Transaction Details

Pf Vst Ii Lp borrowed the property from 5b Investments Inc through a Reo and trustee deeds transaction on 5/26/2015 for $1,000,000.

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	$5,057,055	$72,548,691	$77,605,746	$77,605,746	Sreit Emerson Pfluge...	200 E Broward Blvd S...	Lot 1 Blk A Springbr...	NE2	S18476	842,842	361,440
2025	$5,057,055	$81,686,114	$86,743,169	$86,743,169	Sreit Emerson Pfluge...	C/o Ryan Llc 200 E B...	Lot 1 Blk A Springbr...	NE2	S18476	842,842	361,440
2024	$5,057,055	$77,632,945	$82,690,000	$82,690,000	Sreit Emerson Pfluge...	C/o Ryan Llc 200 E B...	Lot 1 Blk A Springbr...	NE2	S18476	842,842	361,440
2023	$5,057,055	$87,822,945	$92,880,000	$92,880,000	Sreit Emerson Pfluge...	C/o Ryan, Llc, 200 E...	Lot 1 Blk A Springbr...	NE2	S18476	842,842	361,440
2022	$5,057,055	$72,192,945	$77,250,000	$77,250,000	Sreit Emerson Pfluge...	591 W Putnam Ave	Lot 1 Blk A Springbr...	NE2	S18476	842,842	361,440
2021	$2,107,106	$57,092,894	$59,200,000	$59,200,000	Ma Ermerson At Pflug...	116 S River Rd Bldg ...	Lot 1 Blk A Springbr...	08NE2	S18476	842,842	361,440
2020	$2,107,106	$54,512,894	$56,620,000	$56,620,000	Ma Ermerson At Pflug...	116 S River Rd Bldg ...	Lot 1 Blk A Springbr...	08NE2	S18476	842,842	361,440
2019	$2,107,106	$51,292,894	$53,400,000	$53,400,000	Ma Ermerson At Pflug...	116 S River Rd Bldg ...	Lot 1 Blk A Springbr...	08NE2	S18476	842,842	361,440
2018	$2,107,106	$51,652,894	$53,760,000	$53,760,000	Ma Ermerson At Pflug...	116 S River Rd Bldg ...	Lot 1 Blk A Springbr...	08NE2	S18476	842,842	361,440
2017	$1,685,685	$15,029,952	$16,715,637	$16,715,637	Pf Vst Ii Lp	3419 Westminster Ste...	Lot 1 Blk A Springbr...	08NE2	S18476	842,842	345,600

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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 ↕
1121 New Meister Ln, Pflugerville, TX 78660	832098	Apartments	Apartment High Rise (5+ stories)	Sreit Emerson Pflugerville Llc	Travis	-	-	-	-	2017	361,440	384
2209 W Pflugerville Pkwy, Pflugerville, TX 78660	942210	Apartments	Apartment High Rise (5+ stories)	Dalton Austin Residences Llc	Travis	1.7	$ 64,239,000	2025-11-18	$ 217.21	2022	295,750	350
15835 Foothill Farms Loop, Pflugerville, TX 78660	481431	Apartments	Apartment High Rise (5+ stories)	Pleasanton Housing Finance	Travis	2.5	$ 93,288,860	2025-01-24	$ 266.05	2000	350,650	455
19365 Wilke Ln, Pflugerville, TX 78660	961801	Apartments	Apartment High Rise (5+ stories)	Dp Wilke Pflugerville Llc &	Travis	1.8	$ 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	7.9	$ 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	6.8	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
12601 Innovar Cir, Manor, TX 78653	944124	Apartments	Apartment High Rise (5+ stories)	Janis Atx Llc	Travis	7.3	$ 129,643,500	2024-12-20	$ 495.59	2024	261,594	1
12000 Dessau Rd, Austin, TX 78754	502274	Apartments	Apartment High Rise (5+ stories)	Cws Canyon Llc & Beachwood Canyon	Travis	7.2	$ 34,670,440	2025-08-26	$ 148.29	2008	233,808	264
12601 Innovar Cir, Manor, TX 78653	942982	Apartments	Apartment High Rise (5+ stories)	Vaughan Atx Llc	Travis	7.1	$ 15,184,900	2024-12-20	$ 46.95	2022	323,425	312
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	9.8	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
11266 Taylor Draper Ln, Austin, TX 78759	158202	Apartments	Apartment High Rise (5+ stories)	Northland Museo Llc	Travis	8.8	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276

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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 ↕
—	1121 New Meister Ln, Pflugerville, TX 78660	—	-	842,842	2017	361,440	$ 86,743,169	$ 5,057,055	-
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
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
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
Arbor Commercial Funding I Llc	2401 Pflugerville Pkwy, Pflugerville, TX 78660	07/31/2025	$ 50,000,000	737,122	2022	302,400	$ 55,569,017	$ 7,371,223	Hollybrook Ranch 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
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
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
Bsprt 2022fl8 Issuer Ltd As S	15835 Foothill Farms Loop, Pflugerville, TX 78660	01/24/2025	$ 70,142,000	200,376	1986	78,624	$ 13,782,954	$ 801,504	1825 Foothill Farms Llc
Bsprt 2022fl8 Issuer Ltd As S	15835 Foothill Farms Loop, Pflugerville, TX 78660	01/24/2025	$ 70,142,000	889,016	2000	350,650	$ 61,469,693	$ 2,667,045	1825 Foothill Farms Llc

Mean$ 50,457,124

Median$ 47,048,000.0

Loan Amount Range$ 102,741 - $ 237,751,000

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