Branded Courtyard
12833 Ranch Road 620 North Austin, TX 78750
12833 Ranch Road 620 North, Austin, TX, 78750
Contact for pricing
For Sale
Contact for pricing
Built in 2018, this Courtyard by Marriott offers an established operating history with average room revenue of about $2.7M.
Property Size78,314 SF
Price / SF$159.61
Days on Market75
Property Features for 12833 Ranch Road 620 North
General Information
- Standard status
- Active
- Size
- 78,314 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2018
Listing agency
NewGen Advisory
(602) 363-9589
Listed by
Suraj Rama · License #AZ SA705370000
Source
Crexi
Added: May 8 Updated: Jul 21 at 2:12PM Checked: Jul 21 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NewGen Advisory
Investment Insights
Based on property information with market context.
The Courtyard by Marriott Austin Northwest/Lakeline is a modern, institutionally branded hotel built in 2018. The property is offered for sale with unencumbered management and has demonstrated solid operating performance, including a three-year average room revenue of approximately $2.7 million with continued upward momentum, per the provided remarks.
Located in the Northwest Austin tech corridor, the hotel is described as being near major corporate demand drivers such as Apple and Dell, as well as key retail and mixed-use hubs. This positioning supports both business and leisure travel demand based on the information provided.
For buyers or investors seeking a professionally managed, branded hospitality asset, the seller notes an opportunity to pursue value creation through targeted capital improvements and operational optimization.
Located in the Northwest Austin tech corridor, the hotel is described as being near major corporate demand drivers such as Apple and Dell, as well as key retail and mixed-use hubs. This positioning supports both business and leisure travel demand based on the information provided.
For buyers or investors seeking a professionally managed, branded hospitality asset, the seller notes an opportunity to pursue value creation through targeted capital improvements and operational optimization.
Key Highlights
- Courtyard by Marriott Austin Northwest/Lakeline, built in 2018
- Three‑year average room revenue of approximately $2.7 million
- Institutionally branded Marriott asset with established operating history
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.41M | $18.00 |
| − Vacancy | −$176.2k | −$2.25 |
| EGI | $1.23M | $15.75 |
| − OpEx | −$647.6k | −$8.27 |
| NOI | $585.9k | $7.48 |
78,314 SF · lease $18.00/SF/yr · vacancy 12.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$8.37M
$7.32M – $9.76M
NOI $585,887 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$30.69M
$26.85M – $35.80M
NOI $2,148,204 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Courtyard Austin Northwest/Lakeline
Hotel & Motel
The Bistro
Restaurant
Karla @Blue Lion ...
Hair Salon
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FAQs
What type of property is this?
Hotel - Built in 2018, this Courtyard by Marriott offers an established operating history with average room revenue of about $2.7M.
Where is this hotel located?
The property is located at 12833 Ranch Road 620 North Austin, TX.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Courtyard by Marriott Austin Northwest/Lakeline, built in 2018; Three‑year average room revenue of approximately $2.7 million; Institutionally branded Marriott asset with established operating history
