812 W 23 St, Austin, TX 78705 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $178,566,708County Travis

Property Details

The Apartments property 812 W 23 St, Austin, TX 78705 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $178,566,708.

The gross building area is 328,340 square feet and the land area is 53,256 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: 1.2226 Ac Of Lots 5-8 Olt 38-39 Division D

$178,566,708

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 812 W 23 St, Austin, TX 78705, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area328,340

Land Size53,256

Land Value$11,983,050

Improved Value$166,583,658

Total Assessed Value$178,566,708

Year Built2022

County NameTravis

Account Number206709

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Fireplace1

HeatingCentral

Pool1104

Type ConstructionConcrete

No of Stories5

Number of Units281

Sales History

2/1/2018

Arms-length$15,625,000

Buyer

Lcd Austin Property Owner Llc

Seller

University Towers Austin Llc

Book Number

2018.18864

Recording Date

2/1/2018

Transaction Details

Lcd Austin Property Owner Llc acquired the property from University Towers Austin Llc through a Arms-length transaction on 2/1/2018 for $15,625,000.

1/5/2012

Arms-length$31,250,000

Buyer

Cardinal Group Investments Llc

Seller

Fairfield 24th Street Towers Ltd

Book Number

2011191930

Recording Date

1/5/2012

Transaction Details

Cardinal Group Investments Llc acquired the property from Fairfield 24th Street Towers Ltd through a Arms-length transaction on 1/5/2012 for $31,250,000.

10/12/2006

Arms-length$38,750,000

Buyer

Fairfield 24th Street Towers Ltd

Seller

Tmac Towers Lp

Book Number

2006.199211

Recording Date

10/12/2006

Transaction Details

Fairfield 24th Street Towers Ltd acquired the property from Tmac Towers Lp through a Arms-length transaction on 10/12/2006 for $38,750,000.

9/1/2005

Other$23,000,000

Buyer

Seller

Book Number

Recording Date

9/1/2005

Transaction Details

acquired the property from through a Other transaction on 9/1/2005 for $23,000,000.

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

4/15/2021

Helocs both purchase money and non purchase money helocs$113,300,000

Borrower

Lcd Austin Property Owner Llc

Lender

Hsbc Bank Usa

Book Number

2021.84399

Recording Date

4/15/2021

Transaction Details

Lcd Austin Property Owner Llc borrowed the property from Hsbc Bank Usa through a Helocs both purchase money and non purchase money helocs transaction on 4/15/2021 for $113,300,000.

2/1/2018

Helocs both purchase money and non purchase money helocs$12,500,000

Borrower

Lcd Austin Property Owner Llc

Lender

Branch Banking And Trust Co

Book Number

2018.18867

Recording Date

2/1/2018

Transaction Details

Lcd Austin Property Owner Llc borrowed the property from Branch Banking And Trust Co through a Helocs both purchase money and non purchase money helocs transaction on 2/1/2018 for $12,500,000.

1/9/2015

Sale$26,600,000

Borrower

Cardinal Group Investments Llc

Lender

Book Number

Recording Date

1/9/2015

Transaction Details

Cardinal Group Investments Llc borrowed the property from through a transaction on 1/9/2015 for $26,600,000.

12/30/2011

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

Borrower

University Towers Austin Llc

Lender

Pfp Holding Company Ii Llc

Book Number

2011191961

Recording Date

12/30/2011

Transaction Details

University Towers Austin Llc borrowed the property from Pfp Holding Company Ii Llc through a Helocs both purchase money and non purchase money helocs transaction on 12/30/2011 for $25,000,000.

10/12/2006

Helocs both purchase money and non purchase money helocs$31,000,000

Borrower

Fairfield 24th Street Towers Ltd

Lender

Citigroup Global Markets Realty Corp

Book Number

2006.199206

Recording Date

10/12/2006

Transaction Details

Fairfield 24th Street Towers Ltd borrowed the property from Citigroup Global Markets Realty Corp through a Helocs both purchase money and non purchase money helocs transaction on 10/12/2006 for $31,000,000.

Property constructed in 2022

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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	$7,988,700	$191,549,049	$199,537,749	$199,537,749	Lcdaustin Property O...	Po Box 130339	1.2226 Ac Of Lots 5-...	WC	S03980	53,258	328,340
2025	$11,983,050	$166,583,658	$178,566,708	$178,566,708	Lcdaustin Property O...	Attn J Wesley Rogers...	1.2226 Ac Of Lots 5-...	WC	S03980	53,256	328,340
2024	$11,983,050	$165,516,950	$177,500,000	$177,500,000	Lcdaustin Property O...	Attn J Wesley Rogers...	1.2226 Ac Of Lots 5-...	WC	S03980	53,256	328,340
2023	$11,983,050	$83,140,942	$95,123,992	$95,123,992	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	WC	S03980	53,256	328,340
2022	$9,586,440	$27,382,899	$36,969,339	$36,969,339	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	WC	S03980	53,256	328,340
2021	$9,586,440	-	$9,586,440	$9,586,440	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	74DORM	S03980	53,256	-
2020	$9,586,440	-	$9,586,440	$9,586,440	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	74DORM	S03980	53,256	263,243
2019	$7,189,830	$21,410,170	$28,600,000	$28,600,000	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	74DORM	S03980	53,256	263,243
2018	$6,087,389	$23,612,611	$29,700,000	$29,700,000	Lcd-austin Property ...	Attn: J Wesley Roger...	1.2226 Ac Of Lots 5-...	74DORM	S03980	53,256	263,243
2017	$4,396,448	$24,603,552	$29,000,000	$29,000,000	University Towers Au...	% Cardinal Group Mgm...	1.2226 Ac Of Lots 5-...	74DORM	S03980	53,256	263,243

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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 ↕
812 W 23 St, Austin, TX 78705	206709	Apartments	Apartment High Rise (5+ stories)	Lcdaustin Property Owner Llc	Travis	-	$ 15,625,000	2018-02-01	$ 47.59	2022	328,340	281
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	2.8	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	3.9	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.1	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	4.2	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	4.6	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	6.0	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	7.8	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	6.9	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	7.3	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	8.5	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384

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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 ↕
—	812 W 23 St, Austin, TX 78705	—	-	53,256	2022	328,340	$ 178,566,708	$ 11,983,050	-
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Gs Go Ii Reit Llc	1909 Rio Grande St, Austin, TX 78705	03/19/2025	$ 214,800,000	21,249	2017	165,708	$ 76,967,296	$ 4,780,928	2025 Student Ii Ll Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
East West Bank	1008 W 25 1/2 St, Austin, TX 78705	01/27/2025	$ 500,000	15,856	1963	12,724	$ 3,562,720	$ 2,378,250	West Campus Holdings Llc
Benchmark Bank	2304 Leon St, Austin, TX 78705	01/27/2025	$ 1,250,000	9,757	2014	6,500	$ 2,925,000	$ 1,463,616
Capital One Na	2401 San Gabriel St, Austin, TX 78705	12/31/2024	$ 19,491,000	30,806	2013	104,568	$ 36,379,958	$ 9,241,500	Cig Cws Regents 24th Lp
Lasalle Mortgage Real Estate C	915 E 41 St, Austin, TX 78751	10/31/2024	$ 12,100,000	30,244	1980	18,810	$ 7,147,800	$ 1,512,250	Resolute Hancock Llc
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	10/10/2024	$ 95,105	17,651	2023	276,900	$ 109,508,744	$ 8,825,255

Mean$ 39,049,019

Median$ 4,517,708.0

Loan Amount Range$ 95,105 - $ 214,800,000

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License Details

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