701 E Parmer Ln, Austin, TX 78753 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 2001Total Assessed Value $81,667,753County Travis

Property Details

The Office property 701 E Parmer Ln, Austin, TX 78753 is located in Travis County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $81,667,753.

The gross building area is 705,961 square feet and the land area is 2,304,455 square feet for this Office Building Low Rise 1 - 4 stories built in 2001.

Legal description: Lot 1A Blk A Parmer South Subd Resub Of Lots 2 & 3 Blk A

$81,667,753

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 701 E Parmer Ln, Austin, TX 78753, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area705,961

Land Size2,304,455

Land Value$46,089,094

Improved Value$35,578,659

Total Assessed Value$81,667,753

Year Built2001

County NameTravis

Account Number806878

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverBuilt up

Roof TypeFlat

Type ConstructionOther

No of Stories4

Garage TypeOpen 171

Sales History

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Mortgage History

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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	$46,089,094	$60,196,412	$106,285,506	$106,285,506	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	NEA	S17974	2,304,455	705,961
2025	$46,089,094	$35,578,659	$81,667,753	$81,667,753	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	NEA	S17974	2,304,455	705,961
2024	$46,089,094	$42,923,383	$89,012,477	$89,012,477	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	NEA	S17974	2,304,455	705,961
2023	$27,653,456	$70,428,125	$98,081,581	$98,081,581	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	NEA	S17974	2,304,455	705,961
2022	$27,653,456	$101,746,544	$129,400,000	$129,400,000	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	NEA	S17974	2,304,455	705,961
2021	$27,653,456	$80,585,544	$108,239,000	$108,239,000	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	51NEA	S17974	2,304,455	705,961
2020	$27,653,456	$84,280,544	$111,934,000	$111,934,000	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	51NEA	S17974	2,304,455	705,961
2019	$18,435,636	$88,964,364	$107,400,000	$107,400,000	Dell Usa Lp	1 Dell Way	Lot 1a Blk A Parmer ...	51NEA	S17974	2,304,455	705,961
2018	$13,826,728	$90,082,772	$103,909,500	$103,909,500	Dell Usa Lp	1 Dell Way	Lot 1a Blk A Parmer ...	51NEA	S17974	2,304,455	705,961
2017	$9,217,819	$87,230,024	$96,447,843	$96,447,843	Dell Usa Lp	1 Dell Way	Lot 1A Blk A Parmer ...	51NEA	S17974	2,304,455	705,961

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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 ↕
701 E Parmer Ln, Austin, TX 78753	806878	Office	Office Building Low Rise 1 - 4 stories	Dell Usa Lp	Travis	-	-	-	-	2001	705,961	-
13785 Research Blvd, Austin, TX 78750	R496857	Office	Office Building High Rise 5+ stories	Fpg Aspen Lake Owner Lp	Williamson	8.8	$ 44,791,645	2025-08-06	$ 94.40	2007	474,472	-
1250 S Capital Of Tx Hy, Austin, TX 78746	111182	Office	Office Building High Rise 5+ stories	Atx Office Owner 5 Lp	Travis	12.8	$ 44,838,232	2025-11-13	$ 156.29	1983	286,889	-
1301 S Mo Pac Expy, Austin, TX 78746	455135	Office	Office Building High Rise 5+ stories	G&i Vii Barton Skyway Lp	Travis	12.3	$ 46,550,000	2025-08-14	$ 203.49	2001	228,753	-
11044 Research Blvd, Austin, TX 78759	156314	Office	Office Building Low Rise 1 - 4 stories	Trea 11044 Research Blvd Llc	Travis	5.0	$ 33,100,000	2024-02-14	$ 130.46	1984	253,726	-
8200 W Interstate 10, San Antonio, TX 78230	1061301	Office	Office Building Low Rise 1 - 4 stories	Eos At Fountainhead Llc Co Kbs Realty Advisors Llc	Bexar	81.7	$ 17,556,000	2025-01-10	$ 44.39	1985	395,490	3
6460 Las Colinas Blvd, Irving, TX 75039	32048590010010000	Office	Office Building Low Rise 1 - 4 stories	Citigroup Technology Inc	Dallas	178.6	$ 64,888,040	2024-12-09	$ 269.65	2005	240,639	-
6700 Lbj Fwy, Dallas, TX 75240	00000733275500000	Office	Office Building Low Rise 1 - 4 stories	Trinity Bible Church Of Dallas	Dallas	182.7	$ 9,695,700	2024-08-02	$ 43.51	1979	222,858	-
5320 Legacy Dr, Plano, TX 75024	2623491	Office	Office Building Low Rise 1 - 4 stories	Raising Cane S Restaurants Llc	Collin	192.5	$ 42,575,000	2024-08-13	$ 107.95	1988	394,405	-
6400 Legacy Dr, Plano, TX 75024	2790441	Office	Office Building Low Rise 1 - 4 stories	Cciplano I Owner Llc	Collin	192.3	$ 19,950,000	2023-11-28	$ 84.97	1986	234,778	-
2828 N Harwood St, Dallas, TX 75201	000930000201A0000	Office	Office Building Low Rise 1 - 4 stories	2828 North Harwood Owner Lp	Dallas	173.8	$ 73,000,000	2025-04-01	$ 305.04	1998	239,316	-

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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 ↕
—	701 E Parmer Ln, Austin, TX 78753	—	-	2,304,455	2001	705,961	$ 81,667,753	$ 46,089,094	-
Dominion Bank	2800 Wells Branch Pkwy, Austin, TX 78728	08/22/2025	$ 450,000	316,071	1995	83,409	$ 4,166,744	$ 3,160,710	-
Sentry Bank	1800 Payton Gin Rd, Austin, TX 78758	07/31/2025	$ 11,600,000	89,298	1969	4,144	$ 1,471,745	$ 1,339,470	Roers Austin Apartments Owner
Plainscapital Bank	4001 Adelphi Ln, Austin, TX 78727	06/27/2025	$ 1,000,000	175,534	2001	44,876	$ 12,363,442	$ 526,599	Austin International School As
Texell Credit Union	1317 Picadilly Dr, Round Rock, TX 78664	06/02/2025	$ 250,000	24,337	2008	5,202	$ 1,014,000	$ 73,006	S & R Shrestha Llc
Larry The Lender Llc	100 S Railroad Ave, Pflugerville, TX 78660	05/21/2025	$ 125,000	3,751	1970	312	$ 89,650	$ 56,250	Gold Rush Wyoming Llcseries 16
First United Bank & Trust Co	7908 Cameron Rd, Austin, TX 78754	04/21/2025	$ 2,000,000	85,983	2011	10,122	$ 1,730,109	$ 526,216	Soeur Family Limited Partnership
First Texas Bank	105 Rex Kerwin Ct, Pflugerville, TX 78660	02/28/2025	$ 75,000	3,267	2025	773	$ 22,881	$ 22,881
First Texas Bank	105 Rex Kerwin Ct, Pflugerville, TX 78660	02/28/2025	$ 75,000	3,267	2025	773	$ 22,881	$ 22,881
First Texas Bank	105 Rex Kerwin Ct, Pflugerville, TX 78660	02/28/2025	$ 75,000	3,267	2025	773	$ 22,881	$ 22,881
First Texas Bank	105 Rex Kerwin Ct, Pflugerville, TX 78660	02/28/2025	$ 75,000	3,267	2025	773	$ 22,881	$ 22,881

Mean$ 2,211,220

Median$ 264,250.0

Loan Amount Range$ 75,000 - $ 21,735,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
701 E PARMER LN, AUSTIN, TX 78753-3520	WELLS FARGO BANK	5129975030	BANKS
701 E PARMER LN # 3, AUSTIN, TX 78753-3520	WELL AT DELL HEALTH CTR AUSTIN	5127281461	HEALTH SERVICES

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License Details

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