New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Apartment buildings
4500 Steiner Rnch Blvd, Austin, TX 78732-2301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-3485838
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2001
Total area
752,599 SF
Lot
116.77 ac (5,086,501 SF)
APN
142470109
UPID
US83-3485838
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
-
Alignment Capital Group Auto Repair Shop
-
Texas Web Services Marketing & Advertising (Bike/Boat/Book/etc) Store
-
LT Painters Painting Service General Contractor
-
Jason Haddad REALTOR® Real Estate Agency
-
Italia Fine Homes Inc. Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.90M
Owner & transaction history
Amfp Vi Meritage LLC · 3 yrs held
Amfp Vi Meritage LLC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$2,467,590
Tax year 2022
Assessed value
$129,495,237
Assessed 2023
Previous assessed
$129,495,237
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$10,173,002
Assessed improvement
$119,322,235
Land market value
$10,173,002
Improvement market value
$119,322,235
Total market value
$129,495,237
Applied tax rate
1.0000
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
2001
Heating
NONE
Stories
1
Total area
752,599 SF
Lot
116.77 ac (5,086,501 SF)
APN
142470109
UPID
US83-3485838
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
2001
Heating
NONE
Stories
1
Lot
116.77 ac
Current owner
From public records · entity-resolved
Amfp Vi Meritage LLC
Entity
Mailing address
228 PARK AVE S, NEW YORK, NY 10003-1502
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
Amfp Vi Meritage LLC
Breit Steadfast Mf Steiner Tx LP
Special Warranty Deed
$64,437,000 · Berkeley Point Capital LLC
Nov 20, 2017
—
Breit Steadfast Mf Steiner Tx
Steiner Ranch Apartments L Sir
Grant Deed
$49,733,000 · Holliday Fenoglio Fowler
Aug 1, 2016
—
Sir Steiner Ranch Apartments L
—
Deed
related
$350,000,000 · Pnc Bk
Aug 7, 2013
—
Sir Steiner Ranch Apts LLC
Amaravathi LP
Grant Deed
$55,500,000 · Pnc Bk
Jul 21, 2010
—
Amaravathi LP
—
Deed Of Trust
related
$60,227,334 · First Boston Series 2007-c1
Jan 4, 2007
—
Amaravathi
Western Rim Invtrs 2000-3
Deed Of Trust
$180,234,000 · Column Financial INC
—
—
Rim Investors 2000-3 L Western
—
Deed Of Trust
related
$51,000,000 · Wachovia Multifamily Capital
—
—
Rim Invtrs 2000-3 Western
—
Deed Of Trust
related
$5,000,000 · Key Bank & Trust
—
—
Sir Steiner Ranch Apartments L
—
Deed Of Trust
related
$350,000,000 · Pnc Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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