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Property profile & analytics
FOR LEASE
Office buildings
805 Las Cimas Pkwy, Austin, TX 78746
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-3466409
For Lease
1 / 3
$8,180,000
805 Las Cimas Pkwy, Austin, TX 78746
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
CONCRETE
Total area
156,682 SF
Lot
3.15 ac (137,170 SF)
APN
113230406
UPID
US82-3466409
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
-
Paycom Austin (Bike/Boat/Book/etc) Store Corporate Office
-
Century Management Financial Advisors Financial Advisor
-
FedEx Drop Box Postal Service Courier Service
-
Erin Imeson Physician
-
Aeglea Biotherapeutics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.18M
Owner & transaction history
Redus Properties INC · 2 yrs held
Redus Properties INC
since 2024
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
$52 / 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
$55,761,450
Assessed 2023
Previous assessed
$55,761,450
+0.0% YoY
Assessed land
$2,743,400
Assessed improvement
$53,018,050
Land market value
$2,743,400
Improvement market value
$53,018,050
Total market value
$55,761,450
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
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
156,682 SF
Lot
3.15 ac (137,170 SF)
APN
113230406
UPID
US82-3466409
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
2000
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
3.15 ac
Current owner
From public records · entity-resolved
Redus Properties INC
Entity
Free & Clear · 2 yrs held
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Redus Properties INC
Wells Fargo Bank National Associati
Special Warranty Deed
—
Sep 26, 2018
—
Las Cimas Owner LP
—
Grant Deed
related
$75,000,000 · Wells Fargo Bk
Jun 29, 2018
—
Las Cimas Owner LP
Gll Las Cimas LLC
Quit Claim Deed
related
—
Feb 20, 2014
—
Gll Las Cimas LLC
—
Deed Of Trust
related
$45,500,000 · Bayerische Landesbank
Jan 3, 2013
—
Las Cimas LP
—
Deed Of Trust
related
$50,000,000 · Wells Fargo Bank
Jan 4, 2012
—
Las Cimas LP
—
Deed Of Trust
related
$42,000,000 · Natixis Real Estate Capital
Aug 10, 2006
—
Austin Las Cimas
Nnn Las Cimas LLC
Grant Deed
$57,000,000 · Hartford Life Insurance Co
Dec 13, 2004
—
Nnn Las Cimas 30 LLC
Nnn Las Cimas LLC
Quit Claim Deed
related
—
Oct 4, 2004
—
Nnn Las Cimas 6 LLC
Nnn Las Cimas LLC
Quit Claim Deed
$46,800,000 · Societe Generale
Oct 4, 2004
$71,000,000
Nnn Las Cimas 29 LLC
Nnn Las Cimas LLC
Warranty Deed
related
—
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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