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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Office buildings
500 5th St Austin, TX 78701-3830
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-1654740
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2013
Total area
25,678 SF
Lot
1.18 ac (51,444 SF)
APN
206010301
UPID
US82-1654740
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
-
Club 420 ATX. Dispensary and Lounge. Nightclub DJ & Entertainment
-
Endeavor Real Estate Group Real Estate Agency
-
Mitchell, Williams, Selig, Gates & Woodyard, PLLC Law Firm
-
Miller Lloyd PC Law Firm
-
Fixe Wearables Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$4.90M
Owner & transaction history
Mhi Partnership Ltd · 4 yrs held
Mhi Partnership Ltd
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+23.0%
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
OFFICE BUILDING
$2,995,000
Current use
AUTO REPAIR, GARAGE
$3,680,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±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
$191 / 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
$121,603,882
Assessed 2023
Previous assessed
$121,603,882
+0.0% YoY
Assessed land
$33,356,523
Assessed improvement
$88,247,359
Land market value
$33,356,523
Improvement market value
$88,247,359
Total market value
$121,603,882
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
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
25,678 SF
Lot
1.18 ac (51,444 SF)
APN
206010301
UPID
US82-1654740
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
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mhi Partnership Ltd
Entity
Free & Clear · 4 yrs held
Mailing address
500 W 5TH ST, AUSTIN, TX 78701-3830
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
Jul 23, 2021
—
Mhi Partnership Ltd
Felder Mhi Blackhawk LLC
Warranty Deed
—
Sep 18, 2009
—
International Bk Of Commerce Lare
Block 51
Grant Deed
—
Dec 14, 2006
—
51 Block
Asc Of Bearcreek Properties Ltd
Deed Of Trust
related
$6,175,000 · Lasalle National Bank
Feb 9, 2006
—
Asc Of Bearcreek Properties Ltd
Maverick Downtown Austin Ltd
Warranty Deed
$2,250,000 · Citibank Texas NA
May 24, 2005
—
Maverick-southwest 2 Ltd
Intel Corp
Grant Deed
$4,350,000 · Citibank Texas NA
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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