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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Hotels
202 Nueces St, Austin, TX 78701-4790
Individually Owned
2-yr Hold
Free & Clear
Property ID
US82-5350350
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
219,543 SF
Lot
0.22 ac (9,740 SF)
APN
105001602
UPID
US82-5350350
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
-
Austin Proper Residences Real Estate Agency
-
Britsbarre Gym & Fitness Center
-
Central Austin Condos Condominium Complex
-
Carlos Dairy store (Bike/Boat/Book/etc) Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.52M
Owner & transaction history
John A Constantine · 2 yrs held
John A Constantine
since 2023
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$990,000
Current use
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$7 / 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
Assessed value
$165,977,000
Assessed 2024
Previous assessed
$135,000,000
+22.9% YoY
Assessed land
$4,868,955
Assessed improvement
$161,108,045
Land market value
$4,868,955
Improvement market value
$161,108,045
Total market value
$165,977,000
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
2019
Heating
NONE
Stories
5
Total area
219,543 SF
Lot
0.22 ac (9,740 SF)
APN
105001602
UPID
US82-5350350
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$990,000
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
5
Lot
0.22 ac
Current owner
From public records · entity-resolved
John A Constantine
Individual
Free & Clear · 2 yrs held
Mailing address
1800 WAZEE ST STE #200, DENVER, CO 80202-2526
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Mh Ap Austin LLC
—
Deed
related
$132,000,000 · Metlife Real Estate Lending LLC
Oct 19, 2023
—
John A Constantine
William M Steakley
Special Warranty Deed
—
Aug 1, 2023
—
Michael V Budenholzer
Lynn Wiese
Venders Lien
$1,500,000 · Morgan Stanley Private Bank NA
Mar 15, 2023
—
Brian Seth Goldberg
Clayton Christopher
Venders Lien
$1,755,000 · Bmo Harris Bank NA
Oct 19, 2022
—
Oek Austin LLC
Brad Korzen
Warranty Deed
$1,700,000 · First Republic Bank
May 10, 2022
—
William Douglas Paul
—
Deed
related
$1,000,000 · Ubs Bank USA
Nov 2, 2021
—
Mh Ap Austin LLC
Austin Proper Jv LLC
Re-recorded Document
related
—
Nov 9, 2016
—
Austin Proper Jv LLC
—
Deed
related
$112,500,000 · Bank Of The Ozarks
Jul 29, 2016
—
Austin Proper Jv LLC
Taysha Real Estate Ptrs LLC
Grant Deed
$220,000,000 · Broad Street Credit Holdings L
Jan 19, 2016
—
Taysha Real Estate Ptrs LLC
Tc Green Master Developer LLC
Grant Deed
$6,500,000 · Calmwater Real Estate Credit Fund II LP
—
—
Austin Proper Jv LLC
—
Loan Modification
related
$112,500,000 · Bank Of The Ozarks
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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