Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Apartment buildings
6301 Berkman Dr Austin, TX 78723-1955
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-3214278
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD FRAME
Total area
11,504 SF
Lot
0.5 ac (21,728 SF)
APN
224190224
UPID
US83-3214278
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
-
Flats On Berkman Apartment Building
-
Mueller Place Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
Hg Mp LLC · 2 yrs held
Hg Mp 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
Method
Estimation
Statistic approach
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$260k
Range $234k – $286k · ±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
$23 / 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
$50,588
Tax year 2022
Assessed value
$2,252,630
Assessed 2023
Previous assessed
$2,252,630
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$651,780
Assessed improvement
$1,600,850
Land market value
$651,780
Improvement market value
$1,600,850
Total market value
$2,252,630
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 (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
NONE
Stories
2
Total area
11,504 SF
Lot
0.5 ac (21,728 SF)
APN
224190224
UPID
US83-3214278
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
1971
Construction
WOOD FRAME
Heating
NONE
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Hg Mp LLC
Entity
Mailing address
PO BOX 7640, AUSTIN, TX 78713-7640
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$12,250,000
Hg Mp LLC
Zion Capital 3 LLC
Correction Deed
related
—
Oct 31, 2023
—
Hgi Commercial Funding II LLC
—
Deed
related
$13,500,000 · Hg Mp LLC
Oct 31, 2018
—
Mcp Mueller Place LLC
6301 Berkman Drive LLC
Venders Lien
$1,790,000 · East West Bank
Apr 14, 2016
—
6301 Berkman Drive LLC
Case Land Company INC
Venders Lien
$1,266,800 · Horizon Bank Ssb
Aug 21, 2012
—
Case Land Co INC
Cf Sbc 1 Ust LLC
Grant Deed
$712,500 · First Lockhart National Bank
Jun 5, 2012
—
Cf Sbc 1 Ust LLC
Tucker John J
Trustees Deed
related
—
Jul 15, 2010
—
Robert K Brown
Owner Name Unavailable
Grant Deed
related
—
Jul 2, 2010
—
Robert K Brown
Red Oak Apartments LLC
Grant Deed
—
Apr 30, 2010
—
Red Oak Apartments LLC
Brown,robert K & Kimberly R
Grant Deed
—
Sep 29, 2008
—
Robert K Brown
Austin Red Oak Apartments
Grant Deed
—
Jun 14, 2005
$490,000
Austin Red Oak Apartments
Austin-travis Cnty Mental Heal
Grant Deed
$480,000 · Cedars Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6301 Berkman Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
