Let's Talk
Capital Deployment
I work with a small number of commercial investment clients at a time, the deals I bring are serious, the process is direct. Tell me what you're looking to deploy and I'll come back with options, including off-market inventory that matches your profile.
Response within a few hours. No obligation. No pitch deck.
Commercial Investment
FAQ
What are current cap rates for Austin multifamily?
Austin multifamily cap rates in 2025 range from approximately 4.8% to 6.5% depending on vintage, submarket, and condition. Class A urban (78704, 78702) trades at tighter caps (4.5 to 5.2%). Suburban value-add (Cedar Park, Pflugerville, Georgetown) typically runs 5.5 to 6.5%. These are meaningfully compressed versus Dallas or Houston, which reflects Austin's supply-demand dynamics and long-term growth premium. I can pull current comps for any specific submarket.
How does a 1031 exchange work in Austin?
A 1031 exchange defers capital gains tax when you sell an investment property and reinvest proceeds into a like-kind property. The timeline is strict: 45 days to identify replacement properties, 180 days to close. Austin is frequently the target market for California and Pacific Northwest investors doing 1031s, the combination of strong fundamentals and Texas's zero income tax makes it attractive. I maintain relationships with Austin owners open to off-market transactions, critical for 1031 buyers who need to move quickly.
Do you work with off-market deals?
Yes, a meaningful portion of the deals I bring to investors never hit LoopNet or Crexi. I have direct relationships with Austin multifamily owners, and some prefer a quiet transaction over public listing. Off-market deals typically mean less competition, more seller flexibility on terms, and occasionally a better basis. If you're actively looking, getting your criteria to me early lets me match against off-market inventory as it surfaces.
What does the due diligence process look like?
For multifamily: rent rolls, trailing 12-month P&L, T3/T6 actuals, estoppel certificates, inspection (roofing, HVAC, plumbing, electrical), Phase I environmental if needed, insurance history. For NNN: lease abstract review, tenant credit analysis, lease renewal options and rent bumps, corporate vs. franchise guarantee. I work alongside your commercial attorney and CPA, my role is deal sourcing, negotiation, and transaction management.
Are you a commercial real estate broker?
I am a licensed Texas real estate agent (TREC #788149) who works transactions across residential investment properties and commercial. My Austin market knowledge and owner relationships are the primary value I bring to commercial clients, particularly for multifamily in the $1M to $10M range where the deal flow overlaps significantly with the residential MLS ecosystem (small apartment buildings, fourplexes, mixed-use) and off-market owner relationships.
Which Austin submarkets have the best investment fundamentals right now?
Three submarkets stand out in 2025 to 2026: (1) North Austin / Domain corridor, Apple, Google, Meta, and Amazon concentration drives high-income renter demand. (2) Cedar Park / Leander, fastest-growing submarket in metro; TSMC Taylor fab adds future demand layer; more value-add inventory at better cap rates. (3) East Austin / 78702 to 78704, compressed caps but strongest appreciation trajectory; mixed-use and small multifamily are the play.
Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 20, 2026.