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Property profile & analytics
OFF-MARKET
Estimated value
$6,030,000
Apartment buildings
2511 Braker Ln Austin, TX 78758-1201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3783176
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2020
Total area
244,809 SF
Lot
5.45 ac (237,398 SF)
APN
252080706
UPID
US82-3783176
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
-
DevArt8 Construction General Contractor
-
Orogold Air Duct Cleaning HVAC Service
-
Better Air Duct Cleaning Austin HVAC Service
-
IRIS Environmental Laboratories Consultant Asbestos Testing Service
-
The Copeland Apartment Complex Figurine Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.03M
Owner & transaction history
Gref Copeland LP · 4 yrs held
Gref Copeland LP
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.0M
+78.9%
Neighborhood: shopping center
$6.1M
+9.1%
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
APARTMENT HOUSE (5+ UNITS)
$5,610,000
Current use
RETAIL STORES
$10,035,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,120,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$6.03M
Range $5.43M – $6.63M · ±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
$25 / 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
$1,973,449
Tax year 2022
Assessed value
$110,492,338
Assessed 2023
Previous assessed
$110,492,338
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$16,142,928
Assessed improvement
$94,349,410
Land market value
$16,142,928
Improvement market value
$94,349,410
Total market value
$110,492,338
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
244,809 SF
Lot
5.45 ac (237,398 SF)
APN
252080706
UPID
US82-3783176
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
RETAIL STORES
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Heating
NONE
Stories
1
Lot
5.45 ac
Current owner
From public records · entity-resolved
Gref Copeland LP
Entity
Mailing address
222 S RIVERSIDE PLZ FL #34, CHICAGO, IL 60606-6886
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
—
Gref Copeland LP
At Copeland LP
Special Warranty Deed
$49,500,000 · Prudential Insurance Of America
Oct 15, 2019
—
At Copeland LP
2501 W Braker LP
Trustees Deed
$51,775,000 · Mesa W Core Lndg Fund LLC
May 24, 2017
—
2501 W Braker LP
—
Grant Deed
related
$32,635,000 · Bank Of America
Jan 4, 2017
—
City Of Austin Texas
2501 W Braker LP
Grant Deed
related
—
May 11, 2016
—
2501 W Braker LP
Bill Gaston INC
Grant Deed
—
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.
Try Rey
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