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Property profile & analytics
OFF-MARKET
Apartment buildings

2110 Thrasher Ln Austin, TX 78741-6618

2.4 ac lot Built 2021
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US82-1601025
Property summary
AI-generated overview

This exceptional 2.4-acre commercial land parcel presents a prime opportunity for development in Austin, Texas's desirable Riverside area. Located at 2110 Thrasher Ln, Austin, TX 78741, this property boasts a pre-approved site plan for a 28-unit townhome community. Significant infrastructure is already in place, including main road access, site leveling, and detention facilities, significantly reducing development time and costs. The property is zoned SF-6 NP, allowing for townhouse and condominium construction, along with other flexible permitted uses. Its advantageous location near Riverside Drive (approximately 17,000 vehicles per day) provides convenient access to major thoroughfares like TX-Hwy 183, TX-130, and I-35, ensuring excellent connectivity to the greater Austin metro area. The site benefits from its designation as a Federal Opportunity Zone, offering potential tax advantages. Furthermore, the property's proximity to major employers such as Tesla and Oracle enhances its investment appeal. Owner financing and land banking options are available, providing flexibility for potential buyers. This is a truly exceptional opportunity to capitalize on Austin's thriving real estate market and build a highly sought-after residential community.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2021
Lot 2.4 ac (104,544 SF)
APN 310140148
UPID US82-1601025
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Corona Verde LLC · 2 yrs held
Corona Verde LLC
since 2024
5 recorded transactions
2024
Price N/A
2020
Price N/A
2017
Price N/A
2014
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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