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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Hotels
903 Neches St Austin, TX 78701
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-0385735
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
WOOD FRAME
Total area
202,487 SF
Lot
0.41 ac (17,664 SF)
APN
206040902
UPID
US82-0385735
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$570k
Owner & transaction history
Hit Austin Owner LP · 4 yrs held
Hit Austin Owner LP
since 2022
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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$910,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$3 / 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
$47,351,332
Assessed 2023
Previous assessed
$47,351,332
+0.0% YoY
Assessed land
$2,649,537
Assessed improvement
$44,701,795
Land market value
$2,649,537
Improvement market value
$44,701,795
Total market value
$47,351,332
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
202,487 SF
Lot
0.41 ac (17,664 SF)
APN
206040902
UPID
US82-0385735
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$910,000
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Hit Austin Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
101325 RANDOM HLS RD STE #360, FAIRFAX, VA 22030
Ownership since
2022
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
Apr 5, 2022
—
Hit Austin Owner LP
Mhf Austin V LLC
Special Warranty Deed
—
Dec 6, 2019
—
Mhf Austin V LLC
—
Grant Deed
related
$64,150,000 · Wells Fargo Bk
Nov 16, 2017
—
Mhf Austin V LLC
Neches Hh Extended Stay LLC
Grant Deed
—
Mar 31, 2015
—
Neches Hh Extended Stay LLC
Journeyman Austin Holdings INC
Grant Deed
$24,000,000 · Bank Of The Ozarks
Apr 18, 2014
—
Journeyman Austin Holdings INC
Anchor Equities Ltd
Trustees Deed
related
$1,400,000 · First St Bk/ctrl Tx
Nov 3, 2009
$1,200,000
Commerce Natl Bk
Mills Susan
Trustees Deed
related
—
Apr 17, 2009
—
Ne Project
—
Grant Deed
related
$1,504,192 · Commerce National Bank
Jul 14, 2006
$1,800,000
Ne Project
Soward,stephen
Warranty Deed
$1,350,000 · Austin Coral Viejo LLC
Jun 2, 2004
—
Steve Soward
York, Nancy
Grant Deed
$384,000 · Wells Fargo Bank
—
—
Mhf Austin Operating V LLC
—
Deed Of Trust
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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