2924 Lucas Dr, Dallas, TX 75219 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2015Total Assessed Value $85,690,000County Dallas

Property Details

The Apartments property 2924 Lucas Dr, Dallas, TX 75219 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $85,690,000.

The gross building area is 438,440 square feet and the land area is 264,235 square feet for this Apartment Garden (1 - 4 stories) built in 2015.

Legal description: Trg Cedar Springs Blk 1/2253 Lt 1A Acs 6.066 Int202100387457 Dd12302021 2253 001 01A00 6Da2253 001

$85,690,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$7,800

Avg Rent

Property Image of 2924 Lucas Dr, Dallas, TX 75219, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area438,440

Land Size264,235

Land Value$6,605,880

Improved Value$79,084,120

Total Assessed Value$85,690,000

Year Built2015

County NameDallas

Account Number002253000101A0000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Roof TypeFlat

Type ConstructionFrame

No of Stories4

Garage TypeDetached Garages,Parking Garage

BasementNo basement

Bedrooms21

Bathrooms22

PatioAvailable

Social Activities1

Access Gates1

Business Center1

Walk-in Closets1

Perimeter Fence1

Emergency Maintenance1

Electric Meter1

Number of Units386

Exterior WallsBrick

Sales History

12/8/2021

Arms-length$61,250,000

Buyer

Cedar Springs Res Llc

Seller

Lucas Dfw Llc

Book Number

2021.387457

Recording Date

12/8/2021

Transaction Details

Cedar Springs Res Llc acquired the property from Lucas Dfw Llc through a Arms-length transaction on 12/8/2021 for $61,250,000.

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

12/8/2021

Helocs both purchase money and non purchase money helocs$49,000,000

Borrower

Cedar Springs Res Llc

Lender

Wells Fargo Bank Na

Book Number

2021.387458

Recording Date

12/8/2021

Transaction Details

Cedar Springs Res Llc borrowed the property from Wells Fargo Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 12/8/2021 for $49,000,000.

Property constructed in 2015

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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) ↕
2025	$6,605,880	$79,084,120	$85,690,000	$85,690,000	Cedar Springs Res Ll...	2924 Lucas Dr	Trg Cedar Springs Bl...	1Dsh9B	Trg Cedar Springs	264,235	438,440
2024	$6,605,880	$71,294,120	$77,900,000	$77,900,000	Cedar Springs Res Ll...	2924 Lucas Dr	Trg Cedar Springs Bl...	1Dsh9B	TRG CEDAR SPRINGS	264,235	438,440
2023	$6,605,880	$78,324,120	$84,930,000	$84,930,000	Cedar Springs Res Ll...	2924 Lucas Dr	Trg Cedar Springs Bl...	1DSH9B	TRG CEDAR SPRINGS	264,235	438,440
2022	$6,605,880	$62,394,120	$69,000,000	$69,000,000	Cedar Springs Res Ll...	2924 Lucas Dr	Trg Cedar Springs Bl...	1DSH9B	-	264,235	438,440
2021	$6,605,880	$51,894,120	$58,500,000	$58,500,000	Lucas Dfw Llc &	Ean Lucas & Dart V, ...	Trg Cedar Springs Bl...	1DSH9B	TRG CEDAR SPGS	264,235	438,440
2020	$6,605,880	$51,394,120	$58,000,000	$58,000,000	Lucas Dfw Llc &	2924 Lucas Dr	Trg Cedar Springs Bl...	1DSH9B	-	264,235	438,440
2019	$6,605,880	$48,894,120	$55,500,000	$55,500,000	Lucas Dfw Llc &	2924 Lucas Dr	Trg Cedar Springs Bl...	1DSH9B	-	264,235	438,440
2018	$6,605,880	$57,084,120	$63,690,000	$63,690,000	Lucas Dfw Llc &	2924 Lucas Dr	Trg Cedar Springs Bl...	1DSH9B	-	264,235	438,440
2017	$5,284,700	$12,166,760	$17,451,460	$17,451,460	Trg Cedar Springs Lp	Ste 900, 3100 Montic...	Trg Cedar Springs Bl...	1DSH9B	-	264,235	438,440

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Showing 1 to 9 of 9 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 ↕
2924 Lucas Dr, Dallas, TX 75219	002253000101A0000	Apartments	Apartment Garden (1 - 4 stories)	Cedar Springs Res Llc	Dallas	-	$ 61,250,000	2021-12-08	$ 139.70	2015	438,440	386
3700 Mckinney Ave Unit, Dallas, TX 75204	00C44890000100001	Apartments	Apartment Garden (1 - 4 stories)	Usl 3700m Llc &	Dallas	1.4	$ 146,300,000	2025-08-07	$ 341.91	2013	427,890	381
1531 Inspiration Dr, Dallas, TX 75207	001226000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Inspiration Dallas Llc	Dallas	1.5	$ 59,850,000	2025-11-11	$ 165.07	2008	362,566	309
4123 Cedar Springs Rd, Dallas, TX 75219	001502000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Cedar Springs I Llc &	Dallas	0.4	$ 158,381,617	2025-07-02	$ 544.83	2008	290,699	324
305 W Commerce St, Dallas, TX 75208	006821000A0010000	Apartments	Apartment Garden (1 - 4 stories)	305 West Commerce Llc	Dallas	2.8	$ 50,646,400	2025-08-26	$ 168.54	2016	300,500	308
2781 N Carroll Ave, Dallas, TX 75204	002006001801D0000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	1.8	$ 108,777,500	2024-12-06	$ 309.71	2019	351,221	430
2217 Ivan St, Dallas, TX 75201	000998000102A0000	Apartments	Apartment Garden (1 - 4 stories)	Windsor At Turtle Creek Lp	Dallas	1.2	$ 110,872,125	2025-01-21	$ 238.11	1998	465,635	331
835 S Good Latimer Expy, Dallas, TX 75226	000157000301A0000	Apartments	Apartment Garden (1 - 4 stories)	Spi Good Latimer 340 De Llc &	Dallas	3.2	$ 47,893,300	2025-07-21	$ 127.66	2015	375,159	340
915 S Harwood St, Dallas, TX 75201	000120000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	La Villa Housing Finance Corp	Dallas	3.1	$ 66,566,500	2025-03-13	$ 206.97	2017	321,630	297
8749 Southwestern Blvd, Dallas, TX 75206	00000394918000000	Apartments	Apartment Garden (1 - 4 stories)	Pcv Upper East Side Llc	Dallas	4.8	$ 58,985,500	2024-12-20	$ 194.96	2012	302,553	322
8603 Southwestern Blvd, Dallas, TX 75206	005414000D0040000	Apartments	Apartment Garden (1 - 4 stories)	Pcv Northbridge Llc	Dallas	4.7	$ 102,872,840	2024-12-20	$ 270.76	1999	379,935	390

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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 ↕
—	2924 Lucas Dr, Dallas, TX 75219	—	-	264,235	2015	438,440	$ 85,690,000	$ 6,605,880	-
Guaranty Bank & Trust Na	2907 Cotton Belt Ave, Dallas, TX 75219	06/12/2025	$ 2,829,450	7,144	0	0	$ 308,000	$ 308,000	Urban Crest Estates Llc
Velocity Commercial Cap Llc	2910 Throckmorton St, Dallas, TX 75219	02/27/2025	$ 2,600,000	32,296	1966	20,544	$ 3,750,000	$ 1,937,760	One Home Realty Ii Llc
United Wholesale Mortgage Llc	2908 Hawthorne Ave, Dallas, TX 75219	02/24/2025	$ 440,000	8,059	2024	7,665	$ 2,295,000	$ 500,000
Quanta Finance Inc	2919 Lucas Dr, Dallas, TX 75219	02/21/2025	$ 509,850	8,100	1981	3,755	$ 401,630	$ 500,000	Mekaia Corporation
Cadence Bank	4005 N Hall St, Dallas, TX 75219	01/21/2025	$ 1,875,000	9,500	1969	6,248	$ 1,324,800	$ 712,500	Nkap Llc
Berkadia Commercial Mtg Llc	4625 Cedar Springs Rd, Dallas, TX 75219	01/20/2025	$ 6,695,000	35,800	1962	22,616	$ 3,096,936	$ 1,539,400	Chv Eclipse Property Owner Llc
Capital Fund I Llc	2910 Throckmorton St, Dallas, TX 75219	12/20/2024	$ 2,600,000	32,296	1966	20,544	$ 3,750,000	$ 1,937,760	One Home Realty Ii Llc
Grandbridge Re Capital Llc	2929 Wycliff Ave, Dallas, TX 75219	11/26/2024	$ 42,513,000	89,342	2006	190,069	$ 39,456,560	$ 5,360,520	Dallas 2929 Properties Ki Llc
Jpmorgan Chase Bank Na	4606 Cedar Springs Rd, Dallas, TX 75219	11/04/2024	$ 38,555,000	736,468	1993	371,284	$ 86,000,000	$ 33,141,060	Nxrt Atera Llc
Argentic Real Estate Inv Llc	4201 Lomo Alto Dr Unit203, Highland Park, TX 75219	10/07/2024	$ 38,500,000	83,748	2000	2,261	$ 500,450	$ 141,280	Si Alto Hp Llc

Mean$ 28,441,127

Median$ 38,500,000.0

Loan Amount Range$ 440,000 - $ 43,366,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2924 LUCAS DR, DALLAS, TX 75219-1932	AURA CEDAR APARTMENTS	2145269000	OPERATORS OF APARTMENT BUILDINGS
2924 LUCAS DR, DALLAS, TX 75219-1932	AURA CEDAR	2144294991	APARTMENTS
2924 LUCAS DR, DALLAS, TX 75219-1932	AURA CEDAR APARTMENTS	2145269000	APARTMENTS
2924 LUCAS DR, DALLAS, TX 75219-1932	LUCAS APARTMENTS	4694813866	APARTMENTS

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License Details

This details prefers to stay low-key.

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