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Property profile & analytics
FOR LEASE
Office buildings
505 E Huntland Dr Austin, TX 78752
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3857301
For Lease
1 / 2
$18 SF/Yr
505 E Huntland Dr, Austin, TX 78752
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1984
Construction
CONCRETE
Total area
159,972 SF
Lot
5 ac (217,800 SF)
APN
230130602
UPID
US83-3857301
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
-
KBR Inc Engineering Consultant
-
Texas A&M Transportation Institute Research Foundation Atm
-
Walsh Gallegos Treviño Kyle & Robinson P.C. Law Firm
-
Cobb, Fendley & Associates, Inc. Engineering Consultant Civil Engineer
-
Christian Life Commission Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.47M
Owner & transaction history
Seamless Centennial Ltd · 4 yrs held
Seamless Centennial Ltd
since 2021
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
$28 / 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
$673,449
Tax year 2022
Assessed value
$30,760,021
Assessed 2023
Previous assessed
$30,760,021
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$4,356,000
Assessed improvement
$26,404,021
Land market value
$4,356,000
Improvement market value
$26,404,021
Total market value
$30,760,021
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
For Lease
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
5
Total area
159,972 SF
Lot
5 ac (217,800 SF)
APN
230130602
UPID
US83-3857301
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
1984
Construction
CONCRETE
Heating
NONE
Stories
5
Lot
5 ac
Current owner
From public records · entity-resolved
Seamless Centennial Ltd
Individual
Mailing address
4407 BEE CAVES RD STE #421, WEST LAKE HILLS, TX 78746-6406
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
Seamless Centennial Ltd
Cd 174 Centennial Towers Tx LP
Special Warranty Deed
$25,000,000 · Southside Bank
Apr 9, 2018
—
Taurus Cd 174 Centennial Towers Tx
—
Deed
related
$19,000,000 · Green Bank NA
Sep 3, 2014
—
Taurus Cd 174 Centennial Towers Tx
Austin Centennial Realty Ltd
Venders Lien
$14,500,000 · Citizens Bank NA
Jan 11, 2012
—
Austin Centennial Realty Ltd
Cb Austin Tower LLC
Venders Lien
$8,705,000 · Midfirst Bank
Jan 4, 2011
$12,700,000
Cb Austin Tower LLC
Duncan John
Trustees Deed
—
Aug 13, 2009
—
Equastone 505 Huntland
—
Grant Deed
related
$13,200,000 · Capmark Bank
Jan 18, 2007
—
Equastone 505 Huntland
Equastone Centennial 1
Quit Claim Deed
—
Nov 22, 2006
—
Pt Centennial LLC
Equastone Centennial 1
Grant Deed
—
Aug 14, 2006
$14,950,000
Centennial 1 Equastone
Msdw Office Partners
Deed Of Trust
related
$13,200,000 · Capmark Bank
Dec 1, 1998
—
Msdw Acquisition LP
Msdw Southwest Partners LP
Quit Claim Deed
related
$95,000,000 · Cmf Capital Co LLC
—
—
Chevy Chase Equities Ltd
—
Deed Of Trust
related
$12,400,000 · Cbre Multifamily Capital INC
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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