120 Garland Dr, Lake Jackson, TX 77566 – MULTI-RES SENIOR CITIZEN

CommercialYear Built 2006Total Assessed Value $11,654,830County Brazoria

Property Details

The Commercial property 120 Garland Dr, Lake Jackson, TX 77566 is located in Brazoria County. The specific property type is MULTI-RES SENIOR CITIZEN. The total assessed value of this property is $11,654,830.

The gross building area is 90,459 square feet and the land area is 215,012 square feet for this MULTI-RES SENIOR CITIZEN built in 2006.

Legal description: B C I C Div 15 (A0019 S F Austin) Lot 244 & Pt Of Abandoned Row-Garland Oaks Apts Acres 4.936

$11,654,830

Market Value

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Cap Rate

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NOI

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Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeMULTI-RES SENIOR CITIZEN

Building Area90,459

Land Size215,012

Land Value$349,400

Improved Value$11,305,430

Total Assessed Value$11,654,830

Year Built2006

County NameBrazoria

Account Number192266

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingOther

PoolSwimming Pools

Roof TypeGable

Type ConstructionOther

No of Stories1

Bathrooms3

PatioAvailable

Storage RoomAvailable

Access Gates1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Walk-in Closets1

Emergency Maintenance1

Granite Countertops1

Steel Appliances1

Number of Units100

Elevator

Sales History

11/3/2021

Arms-lengthNot Disclosed

Buyer

Lake Jackson Manor Otm Harmony Lp

Seller

Lake Jackson Manor Ltd

Book Number

2021.73021

Recording Date

11/3/2021

Transaction Details

Lake Jackson Manor Otm Harmony Lp acquired the property from Lake Jackson Manor Ltd through a Arms-length transaction on 11/3/2021 for .

Property constructed in 2006

YSale Price (USD) byXSales Year

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Mortgage History

2/16/2022

Arms length residential transactions purchase or resales$39,900,000

Borrower

Fannie Mae

Lender

Fannie Mae

Book Number

2022.9940

Recording Date

2/16/2022

Transaction Details

Fannie Mae borrowed the property from Fannie Mae through a Arms length residential transactions purchase or resales transaction on 2/16/2022 for $39,900,000.

12/13/2013

Non arms length transactions with valid title company name no accomodations$500,000

Borrower

C L International Inc

Lender

Book Number

2013.59600

Recording Date

12/13/2013

Transaction Details

C L International Inc borrowed the property from through a Non arms length transactions with valid title company name no accomodations transaction on 12/13/2013 for $500,000.

Property constructed in 2006

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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	$349,400	$11,305,430	$11,654,830	$11,654,830	Lake Jackson Manor O...	152 W 57th St 60th F...	B C I C Div 15 (A001...	Commb1	S2115	215,012	90,459
2025	$349,400	$6,492,170	$6,841,570	$6,841,570	Lake Jackson Manor O...	152 W 57th St 60th F...	B C I C Div 15 (A001...	Commb1	S2115	215,012	90,459
2024	$349,400	$5,900,600	$6,250,000	$6,250,000	Lake Jackson Manor O...	152 W 57th St 60th F...	B C I C Div 15 (A001...	COMMB1	S2115	215,012	90,459
2023	$349,400	$4,084,760	$4,434,160	$4,434,160	Lake Jackson Manor O...	152 W 57th St 60th F...	B C I C Div 15 (A001...	COMMB1	S2115	215,012	90,459
2022	$268,770	$2,549,810	$2,818,580	$2,818,580	Lake Jackson Manor O...	152 West 57th St 60t...	B C I C Div 15 (A001...	COMMB1	S2115	215,012	90,459
2021	$269,530	$2,428,650	$2,698,180	$2,698,180	Lake Jackson Manor O...	152 West 57th St 60t...	B C I C Div 15 (A001...	COMMB1	S2115	215,012	90,459
2020	$269,530	$2,428,650	$2,698,180	$2,698,180	Lake Jackson Manor L...	1101 S Capital Of Te...	B C I C Div 15 (A001...	COMMB1	S2115	215,622	90,459
2019	$269,530	$2,428,650	$2,698,180	$2,698,180	Lake Jackson Manor L...	1101 S Capital Of Te...	B C I C Div 15 (A001...	COMMB1	S2115	215,622	90,459
2018	$269,530	$2,424,270	$2,693,800	$2,693,800	Lake Jackson Manor L...	1101 S Capital Of Te...	B C I C Div 15 (A001...	COMMB1	S2115	215,622	90,459
2017	$269,530	$2,514,750	$2,784,280	$2,784,280	Lake Jackson Manor L...	1101 S Capital Of Te...	B C I C Div 15 (a001...	COMMB1	S2115	215,622	90,459

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Rent & Occupancy

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Comparables

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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 ↕
—	120 Garland Dr, Lake Jackson, TX 77566	—	-	215,012	2006	90,459	$ 11,654,830	$ 349,400	-
Spring Hill State Bank	3102 Gilmer Rd, Longview, TX 75605	07/31/2025	$ 200,000	74,488	2001	11,440	$ 1,178,690	$ 71,390	Equex Management Company Llc
Kentland Bank	317 Main St, Keokuk, IA 52632	07/13/2025	$ 975,000	42,000	1968	43,400	$ 1,074,580	$ 96,400	Keokuk Hotel Llc
Regions Bank	19638 Stone Oak Pkwy, San Antonio, TX 78258	06/01/2025	$ 11,800,400	600,257	2013	64,132	$ 6,500,000	$ 3,073,720	First Stone Oak Capital Fundin
Keybank National Association	8503 Mystic Park, San Antonio, TX 78254	05/01/2025	$ 11,680,000	188,745	2003	38,912	$ 4,578,560	$ 603,990	Snf 8503 Mystic Park Llc
Truist Bank	435 Nw Rutland Rd, Mount Juliet, TN 37122	04/01/2025	$ 13,000,000	495,713	2008	106,116	$ 12,228,500	-	Rutland Place Senior Living Llc
Umb Bank National Association	9738 Westover Hills Blvd, San Antonio, TX 78251	03/07/2025	$ 247,310,000	206,474	2012	47,773	$ 6,230,000	$ 2,331,100	Chp Las Colinas Propco Llc
Regions Bank	1590 Agape Way, Decatur, GA 30035	03/01/2025	$ 29,000,000	653,400	2022	284,832	$ 14,684,280	$ 3,773,400	Agape Family Development Lp
Us Small Business Admn	4218 Fm 2611, Brazoria, TX 77422	02/18/2025	$ 70,200	275,299	2000	651	$ 646,656	$ 235,670
Cadence Bank Na	84 Woodcrest Rd, Georgetown, TX 78633	01/09/2025	$ 4,476,276	106,199	2012	7,892	$ 1,132,288	$ 247,413	Aggie House Llc
Us Small Business Admn	Mulcahy, Damon, TX 77430	01/03/2025	$ 378,100	52,708	1945	660	$ 48,210	$ 44,130

Mean$ 26,771,673

Median$ 5,238,138.0

Loan Amount Range$ 70,200 - $ 247,310,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
120 GARLAND DR, LAKE JACKSON, TX 77566-6221	LAKE JACKSON MANOR APARTMENTS	9792972500	APARTMENTS

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License Details

This details prefers to stay low-key.

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