909 Texas Ave 308, Houston, TX 77002 – Apartment High Rise (5+ stories)

ApartmentsYear Built 1913Total Assessed Value $76,500,000County Harris

Property Details

The Apartments property 909 Texas Ave 308, Houston, TX 77002 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $76,500,000.

The gross building area is 399,643 square feet and the land area is 46,130 square feet for this Apartment High Rise (5+ stories) built in 1913.

Legal description: Lts 1 2 6 Thru 10 & 12 & Trs 3A & 11A Blk 57 Ssbb

$76,500,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,995

Avg Rent

Property Image of 909 Texas Ave 308, Houston, TX 77002, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area399,643

Land Size46,130

Land Value$13,839,000

Improved Value$62,661,000

Total Assessed Value$76,500,000

Year Built1913

County NameHarris

Account Number0010570000009

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi,Swimming Pools

Roof TypeGable

Type ConstructionBrick

No of Stories18

Garage TypeParking Garage,Parking Garage

Total Rooms1

Bedrooms2

Bathrooms28

PatioAvailable

Wood DeckAvailable

Social Activities1

Access Gates1

Shuttle Route1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Perimeter Fence1

Park Ride Nearby1

Emergency Maintenance1

Concierge1

Guest Suites1

Self Clean Ovens1

Electric Meter1

Granite Countertops1

Steel Appliances1

10ft Ceilings1

Number of Units308

Elevator

Exterior WallsRock, stone

Sales History

3/28/2023

Arms-length$53,750,000

Buyer

Ch Realtymf Houston Rice Vi Lp

Seller

Ch Realtymf Houston Rice Vi Fee Owner Lp

Book Number

RP-2023-114713

Recording Date

3/28/2023

Transaction Details

Ch Realtymf Houston Rice Vi Lp acquired the property from Ch Realtymf Houston Rice Vi Fee Owner Lp through a Arms-length transaction on 3/28/2023 for $53,750,000.

2/3/2023

Arms-length$64,997,100

Buyer

Galium Rice Llc

Seller

Ch Realtymf Houston Rice Vi Gp L L C

Book Number

RP-2023-114716

Recording Date

2/3/2023

Transaction Details

Galium Rice Llc acquired the property from Ch Realtymf Houston Rice Vi Gp L L C through a Arms-length transaction on 2/3/2023 for $64,997,100.

Property constructed in 1913

YSale Price (USD) byXSales Year

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Mortgage History

2/3/2021

Arms length residential transactions purchase or resales$48,870,000

Borrower

Ch Realtymf Houston Rice Vi L

Lender

Ares Cre Lender Llc

Book Number

2021.63249

Recording Date

2/3/2021

Transaction Details

Ch Realtymf Houston Rice Vi L borrowed the property from Ares Cre Lender Llc through a Arms length residential transactions purchase or resales transaction on 2/3/2021 for $48,870,000.

5/24/2018

Arms length residential transactions purchase or resales$200,000,000

Borrower

Ch Retail Fund Ii Future Funding Lp

Lender

Teachers Insurance And Annuity Associati

Book Number

2018.230856

Recording Date

5/24/2018

Transaction Details

Ch Retail Fund Ii Future Funding Lp borrowed the property from Teachers Insurance And Annuity Associati through a Arms length residential transactions purchase or resales transaction on 5/24/2018 for $200,000,000.

9/19/2014

Sale$62,485,000

Borrower

Crow Holdings Llc

Lender

Book Number

Recording Date

9/19/2014

Transaction Details

Crow Holdings Llc borrowed the property from through a transaction on 9/19/2014 for $62,485,000.

Property constructed in 1913

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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	$13,839,000	$73,471,884	$87,310,884	$87,310,884	Galium Rice Llc	3323 Ne 163rd St Ste...	Lts 1 2 6 Thru 10 & ...	5900.00	-	46,130	399,643
2025	$13,839,000	$62,661,000	$76,500,000	$76,500,000	Galium Rice Llc	3323 Ne 163rd St Ste...	Lts 1 2 6 Thru 10 & ...	5900.00	-	46,130	399,643
2024	$13,839,000	$49,615,905	$63,454,905	$63,454,905	Galium Rice Llc	3323 Ne 163rd St Ste...	Lts 1 2 6 Thru 10 & ...	5900.00	-	46,130	399,643
2023	$13,500,600	$41,999,400	$55,500,000	$55,500,000	Galium Rice Llc	3323 Ne 163rd Ste St...	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643
2022	$13,500,600	$44,499,400	$58,000,000	$58,000,000	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643
2021	$13,500,600	$58,303,441	$71,804,041	$71,804,041	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643
2020	$13,500,600	$56,749,400	$70,250,000	$70,250,000	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	-	45,002	399,643
2019	$13,500,600	$53,242,079	$66,742,679	$66,742,679	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643
2018	$13,500,600	$53,270,549	$66,771,149	$66,771,149	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643
2017	$13,500,600	$53,249,400	$66,750,000	$66,750,000	Ch Realty Mf Houston...	3819 Maple Ave	Lts 1 2 6 Thru 10 & ...	5900.00	SOUTH SIDE OF BUFFAL...	45,002	399,643

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Showing 1 to 10 of 18 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 ↕
909 Texas Ave 308, Houston, TX 77002	0010570000009	Apartments	Apartment High Rise (5+ stories)	Galium Rice Llc	Harris	-	$ 64,997,100	2023-02-03	$ 162.64	1913	399,643	308
500 S Ervay St Unit120, Dallas, TX 75201	00000101842000000	Apartments	Apartment High Rise (5+ stories)	Butler Brothers Hospitality Group Llc , Renaissance Tower	Dallas	226.3	$ 34,580,000	2024-06-25	$ 56.32	1911	613,996	508
306 N Graham St, Charlotte, NC 28202	078-064-01	Apartments	Apartment High Rise (5+ stories)	Graham Street Apartments 2024 Llc	Mecklenburg	930.9	$ 7,343,000	2024-03-08	$ 20.18	1928	363,841	-
130 Cherokee Rd, Charlotte, NC 28207	155-061-17	Apartments	Apartment High Rise (5+ stories)	-	Mecklenburg	931.2	$ 3,323,000	2024-05-21	$ 23.41	1924	141,949	-
545 Power Plant Cir, Winston Salem, NC 27101	6835-47-0574.00	Apartments	Apartment High Rise (5+ stories)	Tbr Plant 64 Owner Llc	Forsyth	984.5	$ 83,500,000	2023-03-09	$ 333.07	1923	250,695	-
111 N Marietta Pkwy, Marietta, GA 30060	16115900070	Apartments	Apartment High Rise (5+ stories)	1031 Equity Brumby Tic Llc	Cobb	701.2	$ 1,760,000	2023-11-30	$ 11.97	1879	147,029	-
1212 Westheimer Dr, Austin, TX 78752	229274	Apartments	Apartment High Rise (5+ stories)	Azure 1212 Borrower De Llc	Travis	145.7	$ 31,400,000	2023-03-22	$ 206.01	1968	152,417	199
8200 Research Blvd, Austin, TX 78758	240376	Apartments	Apartment High Rise (5+ stories)	Park At Crestview Deng Llc	Travis	147.5	$ 55,894,580	2023-04-21	$ 249.23	1968	224,272	248
1630 Rutland Dr, Austin, TX 78758	250222	Apartments	Apartment High Rise (5+ stories)	Ashford Costa Azure Llc	Travis	147.5	$ 41,731,410	2022-11-29	$ 223.51	1971	186,712	240
750 Franklin Gateway, Marietta, GA 30067	17064500010	Apartments	Apartment High Rise (5+ stories)	58 Notting Hills Llc	Cobb	703.1	$ 3,750,000	2025-04-11	$ 22.29	1972	168,244	1
2828 Sw Fwy 216, Houston, TX 77098	1465080010001	Apartments	Apartment High Rise (5+ stories)	Hft 2828 Southwest Freeway Llc Et,iri 2828 Southwest Freeway Llc,rdi 2828 Southwest Freeway Llc	Harris	4.1	$ 13,000,000	2022-07-29	$ 84.18	1971	154,432	216

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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 ↕
—	909 Texas Ave 308, Houston, TX 77002	—	-	46,130	1913	399,643	$ 76,500,000	$ 13,839,000	-
Acre Credit Fund Ii Gs Ii Llc	92 Jensen Rd, Houston, TX 77020	08/14/2025	$ 58,000,000	211,222	2022	437,515	$ 83,553,338	$ 2,112,220	East River Residential One Llc
Bank Of The Orient	5400 Memorial Dr, Houston, TX 77007	08/14/2025	$ 9,220,000	88,142	1965	173,913	$ 14,073,794	$ 6,610,650	Fell In Love Llc
Regions Bank	3275 Summer St, Houston, TX 77007	08/06/2025	$ 29,092,000	101,743	2020	161,461	-	-	Dtc Ss Coop Llc
Keybank National Association	929 Westcott St, Houston, TX 77007	07/16/2025	$ 94,545,000	123,623	2019	432,689	$ 126,500,000	$ 6,304,773	Mpw Owner Lp
Fbred Bdc Finance Llc	2221 W Dallas St, Houston, TX 77019	06/27/2025	$ 58,500,000	249,947	2008	415,827	$ 87,609,142	$ 23,744,965	Us Living Montrose Llc
Truist Bank	3003 Memorial Ct 380, Houston, TX 77007	06/10/2025	$ 57,000,000	435,600	2000	466,392	$ 85,294,052	$ 37,026,000	Cb Marcella Memorial Heights L
Frost Bank	2222 Austin St, Houston, TX 77002	04/17/2025	$ 1,600,000	4,875	1997	28,174	-	-	Aids Foundation Houston Inc
Citibank Na	1120 Moy St, Houston, TX 77007	04/11/2025	$ 9,240,000	34,243	2021	150,400	$ 6,769,708	$ 2,739,440	Heritage Senior Residences Lp
Walker & Dunlop Llc	609 Waverly St, Houston, TX 77007	04/01/2025	$ 47,724,000	182,037	2019	241,675	-	-	Standard In The Heights Lp
Regions Bank	1111 W 6th St, Houston, TX 77007	01/30/2025	$ 39,805,000	156,032	2021	264,101	$ 68,122,140	$ 18,009,744	Fairfield Shepherd Partnership

Mean$ 53,122,976

Median$ 34,448,500.0

Loan Amount Range$ 183,820 - $ 500,000,000

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License Details

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