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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Hotels
1611 Airport Commerce Dr, Austin, TX 78741-4534
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-0097829
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
105,702 SF
Lot
3.2 ac (139,401 SF)
APN
310200201
UPID
US82-0097829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bread Basket Elroy Gas Station
-
Staybridge Suites Austin Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$630k
Owner & transaction history
Sky Inn Operation INC · 11 yrs held
Sky Inn Operation INC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$6 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$335,253
Tax year 2022
Assessed value
$18,723,097
Assessed 2023
Previous assessed
$15,500,000
+20.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,394,000
Assessed improvement
$17,329,097
Land market value
$1,394,000
Improvement market value
$17,329,097
Total market value
$18,723,097
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Stories
4
Total area
105,702 SF
Lot
3.2 ac (139,401 SF)
APN
310200201
UPID
US82-0097829
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
4
Lot
3.2 ac
Current owner
From public records · entity-resolved
Sky Inn Operation INC
Entity
Free & Clear · 11 yrs held
Mailing address
1611 AIRPORT COMMERCE DR, AUSTIN, TX 78741-4534
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2015
—
Sky Inn Operation INC
Sky Inn Hotels & Suites INC
Intrafamily Transfer
related
—
Feb 3, 2006
—
Sky Inn Hotels & Suites INC
Cardenas,armando B
Warranty Deed
$6,750,000 · First National Bank
Dec 18, 2001
—
Armando Batarse
Lsoutheast Austin Associates
Grant Deed
related
—
—
—
Sky Inn Hotels & Suites INC
—
Deed Of Trust
related
$1,600,000 · First National Bank
—
—
Sky Inn Hotels & Suites INC
—
Deed Of Trust
related
$866,807 · First National Bank
—
—
Sky Inn Hotels & Suites INC
—
Loan Modification
related
$1,576,390 · First National Bank
—
—
Sky Inn Hotels & Suites INC
—
Loan Modification
related
$500,000 · First National Bank
—
—
Inn Hotels & Suites INC
—
Loan Modification
related
$6,638,471 · First National Bank
—
—
Sky Inn Hotels & Suites INC
—
Loan Modification
related
$8,972,707 · First National Bank
—
—
Sky Inn Hotel & Suites INC
—
Deed Of Trust
related
$500,000 · First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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