650 Leora Ln, The Colony, TX 75056 – Apartment (4 - 20 units)

ApartmentsYear Built 2008Total Assessed Value $95,936,103County Denton

Property Details

The Apartments property 650 Leora Ln, The Colony, TX 75056 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $95,936,103.

The gross building area is 566,824 square feet and the land area is 1,328,014 square feet for this Apartment (4 - 20 units) built in 2008.

Legal description: Bella Madera Apartment Addn Blk A Lot 1

$95,936,103

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,525

Avg Rent

Property Image of 650 Leora Ln, The Colony, TX 75056, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area566,824

Land Size1,328,014

Land Value$19,920,206

Improved Value$76,015,897

Total Assessed Value$95,936,103

Year Built2008

County NameDenton

Account Number582985

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space1871

HeatingCentral

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport,Detached Garages

Bathrooms6

PatioAvailable

Business Center1

Walk-in Closets1

Number of Units1224

Sales History

11/12/2018

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

11/12/2018

Transaction Details

acquired the property from through a Other transaction on 11/12/2018 for .

5/16/2014

OtherNot Disclosed

Buyer

Advalurem Group, Llc

Seller

Book Number

Recording Date

5/16/2014

Transaction Details

Advalurem Group, Llc acquired the property from through a Other transaction on 5/16/2014 for .

11/6/2013

Arms-length$6,875,000

Buyer

Madera Roe Investors Spe Llc

Seller

Bella Madera Apartments Llc

Book Number

2013-132957

Recording Date

11/6/2013

Transaction Details

Madera Roe Investors Spe Llc acquired the property from Bella Madera Apartments Llc through a Arms-length transaction on 11/6/2013 for $6,875,000.

2/27/2008

Other$5,000,000

Buyer

Bella Madera Apartments, Llc

Seller

80 Acres Lakepointe, Ltd

Book Number

091312

Recording Date

2/27/2008

Transaction Details

Bella Madera Apartments, Llc acquired the property from 80 Acres Lakepointe, Ltd through a Other transaction on 2/27/2008 for $5,000,000.

Property constructed in 2008

YSale Price (USD) byXSales Year

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Mortgage History

10/30/2015

Arms length residential transactions purchase or resales$6,059,000

Borrower

Madera Roe Investors Spe Llc

Lender

Cbre Capital Markets Inc

Book Number

2015.126662

Recording Date

10/30/2015

Transaction Details

Madera Roe Investors Spe Llc borrowed the property from Cbre Capital Markets Inc through a Arms length residential transactions purchase or resales transaction on 10/30/2015 for $6,059,000.

10/31/2013

Sale$5,500,000

Borrower

Block Real Estate Services

Lender

Book Number

Recording Date

10/31/2013

Transaction Details

Block Real Estate Services borrowed the property from through a transaction on 10/31/2013 for $5,500,000.

10/30/2013

Helocs both purchase money and non purchase money helocs$5,500,000

Borrower

Madera Roe Investors Spe Llc

Lender

Cbre Capital Markets Inc

Book Number

2013.132961

Recording Date

10/30/2013

Transaction Details

Madera Roe Investors Spe Llc borrowed the property from Cbre Capital Markets Inc through a Helocs both purchase money and non purchase money helocs transaction on 10/30/2013 for $5,500,000.

Property constructed in 2008

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$19,920,206	$80,827,294	$100,747,500	$100,747,500	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	Mf01G01B13	Sl3016A	1,328,014	566,824
2025	$19,920,206	$76,015,897	$95,936,103	$95,936,103	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	MF01G01A2	Sl3016A	1,328,014	566,824
2024	$19,920,206	$75,579,794	$95,500,000	$95,500,000	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	Mf01A2S09	Sl3016A	1,328,014	559,657
2023	$19,920,206	$75,232,794	$95,153,000	$95,153,000	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	MF01A2S09	Sl3016A	1,328,014	559,657
2022	$19,920,206	$67,235,594	$87,155,800	$87,155,800	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	MF01A2S09	SL3016A	1,328,014	559,657
2021	$19,920,206	$63,079,794	$83,000,000	$83,000,000	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	MF01A1S09	SL3016A	1,328,014	559,657
2020	$19,920,206	$59,498,018	$79,418,224	$79,418,224	Madera Roe Investors...	4622 Pennsylvania Av...	Bella Madera Apartme...	MF01A1S09	SL3016A	1,328,014	559,657
2019	$19,920,206	$53,672,154	$73,592,360	$73,592,360	Madera Roe Investors...	700 W 47th St Ste 20...	Bella Madera Apartme...	MF01A1S09	SL3016A	1,328,014	559,657
2018	$6,972,072	$57,027,928	$64,000,000	$64,000,000	Madera Roe Investors...	700 W 47th St Ste 20...	Bella Madera Apartme...	MF01S09A1	SL3016A	1,328,014	559,657
2017	$9,296,096	$50,703,904	$60,000,000	$60,000,000	Madera Roe Investors...	700 W 47th St Ste 20...	Bella Madera Apartme...	MF01S09A1	SL3016A	1,328,014	559,657

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Showing 1 to 10 of 17 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
650 Leora Ln, The Colony, TX 75056	582985	Apartments	Apartment (4 - 20 units)	Madera Roe Investors Spe Llc Etal	Denton	-	$ 6,875,000	2013-11-06	$ 12.13	2008	566,824	1224
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	4.6	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	352
3901 Accent Dr, Dallas, TX 75287	179781	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	6.3	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	5.7	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
3702 Frankford Rd, Dallas, TX 75287	199420	Apartments	Apartment (4 - 20 units)	Frankford Springs Borrower Llc	Denton	5.8	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	12.0	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	6.4	$ 76,230,000	2024-10-01	$ 372.82	1999	204,470	500
1610 E Mckinney St, Denton, TX 76209	106202	Apartments	Apartment (4 - 20 units)	Denton Housing Authority	Denton	15.6	$ 46,550,000	2024-05-24	$ 212.50	1984	219,059	308
15901 Championship Pkwy, Fort Worth, TX 76177	1003641	Apartments	Apartment (4 - 20 units)	Champions Way Dfw Lp	Denton	22.0	$ 74,480,000	2025-09-30	$ 155.78	2023	478,113	-
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	5.3	$ 39,191,110	2025-07-17	$ 179.24	1999	218,648	276
1104 Highway 114, Fort Worth, TX 76247	766701	Apartments	Apartment (4 - 20 units)	Nexmetro Reserve Lp	Denton	24.4	$ 33,250,000	2025-04-11	$ 151.93	2020	218,844	227

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	650 Leora Ln, The Colony, TX 75056	—	-	1,328,014	2008	566,824	$ 95,936,103	$ 19,920,206	-
Grandbridge Re Capital Llc	1152 Indian Run Dr, Carrollton, TX 75010	07/31/2025	$ 14,901,000	616,461	2003	222,993	$ 36,299,520	$ 3,698,766	Marbella Llc
M&t Realty Capital Corporation	2901 Lady Bettye Dr, Lake Dallas, TX 75065	06/26/2025	$ 46,750,000	353,315	2023	364,000	$ 63,500,000	$ 1,766,576	-
United Wholesale Mortgage Llc	218 Milton St UnitA-D, Lewisville, TX 75057	06/03/2025	$ 300,000	8,799	1974	4,900	$ 294,641	$ 140,786	Dunn Realty Investments Llc
Citibank Na	307 N Loop 288, Denton, TX 76209	04/29/2025	$ 10,799,000	302,219	1970	114,309	$ 12,520,940	$ 1,511,095	Singing Oaks Llc
Capital One Na	5210 Long Prairie Rd, Flower Mound, TX 75028	03/25/2025	$ 30,638,000	675,049	1999	305,783	$ 56,586,607	$ 6,750,490	Sjs Lantana Llc
Regions Bank	26493 E University Dr, Aubrey, TX 76227	02/26/2025	$ 41,650,000	733,951	2016	357,742	$ 75,731,542	$ 13,211,121	Spi Aubrey 416 De Llc
Pnc Bank National Association	2411 S I35e, Denton, TX 76205	02/26/2025	$ 15,700,000	547,819	1986	232,942	$ 36,370,000	$ 3,286,916
Rangewater Capital Ii Llc	5050 Fm 423, Frisco, TX 75036	02/18/2025	$ 35,555,000	850,291	2014	371,385	$ 76,827,837	$ 5,952,038	Csimrw Sorrel Property Llc
Homewood Mortgage Llc	1901 Kingswood Ct, Denton, TX 76205	01/03/2025	$ 568,125	19,100	1975	5,474	$ 564,455	$ 114,600	Manning Investment Group Llc
Greystone Servicing Co Llc	328 Sw Pkwy, Lewisville, TX 75067	12/31/2024	$ 11,625,000	379,843	1984	140,698	$ 18,795,512	$ 2,279,058	Ahfstone Creek Llc

Mean$ 26,124,833

Median$ 19,792,500.0

Loan Amount Range$ 300,000 - $ 157,700,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
650 LEORA LN, THE COLONY, TX 75056-3953	MADERA ASSOCIATES S T E LLC	9723945351	NONCLASSIFIED ESTABLISHMENTS
650 LEORA LN, THE COLONY, TX 75056-3953	LANDSTAR	9723943200	LOGISTICS
650 LEORA LN, THE COLONY, TX 75056-3953	A S D F A S D	9723948140	NONCLASSIFIED ESTABLISHMENTS
650 LEORA LN, THE COLONY, TX 75056-3953	CTRAVISJOHNSON	3182439287	NONCLASSIFIED ESTABLISHMENTS
650 LEORA LN, THE COLONY, TX 75056-3953	BELLA MADERA APARTMENTS	9723949803	APARTMENTS

Showing 1 to 5 of 5 entries

Tenant Industry Distribution

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License Details

License Number

Exempt- 32089568847

Agriculture & Timber Permit

Issued By

Agriculture_and_Timber_Exempti

State Authority

Issue Date

1/2/2024

Original Issuance

Expire Date

12/31/2027

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	DONALD S MCREYNOLDS
	Address Line
	City / State / Zip
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48121
Government Codes	Census Tract	-
Postal Information	ZIP Status Code
Registration Details	SOS Code

License Timeline

License Issued

1/2/2024

Currently Active

Status: -

Renewal Required

12/31/2027

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