Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    507 1st St Austin, TX 78704-1207

    • Motels
    • 61,390 SF
    • 2.94 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 15, 2021
    Location Intelligence
    Property ID
    US82-0666060
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Premium Parking - P3023 / Parking Lot
    • Extended Stay America - Austin - Downtown - Town Lake / Extended Stay Hotel / Hotel

    Property Details for 507 1st St

    Year built
    1998
    Lot size
    2.94 lot acres
    Property size
    61,390 SF
    Property type
    Motels
    APN
    202000123
    APU
    202000123

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7501
    Latitude
    30.2569
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $291,341
    $23,973,026
    $648,922
    $24,621,948
    -
    $23,973,026
    $648,922
    $24,621,948

    Comparable in this City

    • Value Estimation by Request
      3,580 SF

      110 The Cir

      MOTEL • 3,580 SF
      110 The Cir, Austin, TX 78704-2485
      View Details
    • Value Estimation by Request
      6,061 SF

      2530 Congress Ave

      MOTEL • 6,061 SF
      2530 Congress Ave, Austin, TX 78704-8920
      View Details
    • Value Estimation by Request
      11,630 SF

      3012 Congress Ave

      MOTEL • 11,630 SF
      3012 Congress Ave, Austin, TX 78704-6426
      View Details
    • Value Estimation by Request
      15,383 SF

      1316 Congress Ave

      MOTEL • 15,383 SF
      1316 Congress Ave, Austin, TX 78704-2433
      View Details
    • Value Estimation by Request
      3,522 SF

      112 Academy Dr, Unit B

      MOTEL • 3,522 SF
      112 Academy Dr, Austin, TX 78704-1852
      View Details
    • Value Estimation by Request
      5,948 SF

      3400 Congress Ave

      MOTEL • 5,948 SF
      3400 Congress Ave, Austin, TX 78704-7234
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,829 SF

      Prime Austin Medical Office Building

      1,829 SF Medical Office, 100% Occupied
      2403 Ben White Blvd, Austin, TX 78704
      View Details
    • $625,000
      778 SF

      Modern Living in South Congress

      Chic 1-bedroom residence in the heart of 78704.
      2121 S Congress Ave, Austin, TX 78704
      View Details
    • $500,000

      Upgraded Condo in South Austin

      Modern 2-bed, 2-bath condo with premium finishes and community amenities.
      2800 Treble Ln, Austin, TX 78704
      View Details
    • $2,350,000

      Land for Sale in Austin

      Land available for purchase in Austin, Texas.
      2718 Tether Trl, Austin, TX 78704
      View Details
    • $865,000

      Updated Duplex in 78704

      Updated duplex with long-term tenants in a desirable location.
      1710 Cinnamon Path, Austin, TX 78704
      View Details
    • $1,200,000

      Travis Heights Investment Portfolio

      Five contiguous properties in Travis Heights neighborhood near South Congress.
      1401 Drake Ave, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,713 SF

      South Congress Retail Opportunity

      Austin Retail Space - Multiple Units Available
      2105 Congress Ave, Austin, TX 78704
      View Details
    • $31 SF/Yr
      205,705 SF

      Prime Austin Medical Office Space

      Exceptional Austin medical offices for lease.
      3755 Capital Of Texas Hwy, Austin, TX 78704
      View Details
    • $1,899 /Mo
      903 SF

      Charming Austin Home Near Zilker

      Two-bedroom, 1.5-bath home near Zilker Park and South Lamar.
      2808 Skyway Cir, Austin, TX 78704
      View Details
    • $1,400 /Mo
      722 SF

      Modern Residence in South Austin

      Contemporary living with community pool, near South Congress hotspots.
      3018 S 1St St, Austin, TX 78704
      View Details
    • $2,300 /Mo

      Austin Condo with Granite Finishes

      Chic 1-bedroom condo in vibrant Austin location, 650 sqft.
      1900 Barton Springs Rd, Austin, TX 78704
      View Details
    • $18 SF/Yr
      2,933 SF

      Ideally Located Office Space

      Office space with easy access to Domain and soccer stadium.
      7703 N Lamar Blvd, Austin, TX 78704
      View Details

    Property Visit Statistics

    • Visits by month
      9.5k
    • Visitors by month
      2.0k
    • Avg Time on site
      443 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 1st St
    Austin, TX 78704-1207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.