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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Apartment buildings
8600 Fm 620th Rd Austin, TX 78726-3502
Individually Owned
6-yr Hold
Free & Clear
Property ID
US82-3207701
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2002
Total area
576,756 SF
Lot
38.77 ac (1,688,647 SF)
APN
159370131
UPID
US82-3207701
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
-
The Verandah Apartment Complex
-
VerandahAustin Apartment Building
-
GoldenGaia Market Event Planning Wedding Service
-
Pro Detail- Mobile Professionals Car Wash
-
Mosque 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
$5.62M
Owner & transaction history
Verandah At Grandview Hills Ll · 6 yrs held
Verandah At Grandview Hills Ll
since 2019
6 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
$10 / 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
$2,116,621
Tax year 2022
Assessed value
$104,623,602
Assessed 2023
Previous assessed
$93,950,000
+11.4% YoY
Effective rate
2.02%
On assessed value
Assessed land
$6,754,588
Assessed improvement
$97,869,014
Land market value
$6,754,588
Improvement market value
$97,869,014
Total market value
$104,623,602
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 (100+ UNITS)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
576,756 SF
Lot
38.77 ac (1,688,647 SF)
APN
159370131
UPID
US82-3207701
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
2002
Heating
NONE
Stories
1
Lot
38.77 ac
Current owner
From public records · entity-resolved
Verandah At Grandview Hills Ll
Individual
Free & Clear · 6 yrs held
Mailing address
12315 OAK KNL RD STE #100, POWAY, CA 92064-5343
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Verandah At Grandview Hills Ll
—
Grant Deed
related
$35,000,000 · Miscellaneous Ins Co
Aug 22, 2019
—
Verandah At Grandview Hills Ll
Non-exempt Marital Trust
Correction Deed
—
Aug 21, 2019
—
Bassham Trust
Bassham Trust
Quit Claim Deed
related
—
Jul 13, 2009
—
Howard W Bassham
8600 Grandview Hills Apartments LLC
Special Warranty Deed
$30,000,000 · Cbre Capital Markets INC
Sep 2, 2004
—
Grandview Hills Apartments
8600 Grandview Hills Apartment
Quit Claim Deed
related
—
Aug 19, 2004
—
8600 Grandview Hills Apartment
Lnr Grandview
Grant 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.
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