505 E Lamar Blvd, Arlington, TX 76011 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2020Total Assessed Value $80,163,842County Tarrant

Property Details

The Apartments property 505 E Lamar Blvd, Arlington, TX 76011 is located in Tarrant County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $80,163,842.

The gross building area is 578,395 square feet and the land area is 271,076 square feet for this Apartment Garden (1 - 4 stories) built in 2020.

Legal description: Parkway Central Addition Block 6 Lot Tract Ar

$80,163,842

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,150

Avg Rent

Property Image of 505 E Lamar Blvd, Arlington, TX 76011, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area578,395

Land Size271,076

Land Value$948,766

Improved Value$79,215,076

Total Assessed Value$80,163,842

Year Built2020

County NameTarrant

Account Number42454482

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

FireplaceFireplace - Wood Burning

HeatingNone

PoolSwimming Pools

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeParking Garage

Bedrooms35

Bathrooms35

PatioAvailable

Storage RoomAvailable

Social Activities1

Walk-in Closets1

School Bus Pickup1

Emergency Maintenance1

Granite Countertops1

Steel Appliances1

10ft Ceilings1

Number of Units358

Sales History

5/11/2022

Arms-lengthNot Disclosed

Buyer

Ncc Coffee One Llc

Seller

Arlington Commons Ii Llc

Book Number

2022.124083

Recording Date

5/11/2022

Transaction Details

Ncc Coffee One Llc acquired the property from Arlington Commons Ii Llc through a Arms-length transaction on 5/11/2022 for .

3/1/2022

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

3/1/2022

Transaction Details

acquired the property from through a Other transaction on 3/1/2022 for .

7/24/2019

Arms-length$67,779,500

Buyer

Arlington Commons Ii Llc

Seller

Arlington Commons Lands Llc

Book Number

2019.161389

Recording Date

7/24/2019

Transaction Details

Arlington Commons Ii Llc acquired the property from Arlington Commons Lands Llc through a Arms-length transaction on 7/24/2019 for $67,779,500.

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

7/24/2019

Reo and trustee deeds$54,223,600

Borrower

Arlington Commons Ii Llc

Lender

Greystone Funding Company Llc

Book Number

2019.161390

Recording Date

7/24/2019

Transaction Details

Arlington Commons Ii Llc borrowed the property from Greystone Funding Company Llc through a Reo and trustee deeds transaction on 7/24/2019 for $54,223,600.

Property constructed in 2020

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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	$948,766	$79,337,510	$80,286,276	$80,286,276	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	Aptcntrlar	31790	271,076	578,395
2025	$948,766	$79,215,076	$80,163,842	$80,163,842	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	APT-Centra	Apt-Central Arlingto...	271,076	578,395
2024	$677,690	$73,822,310	$74,500,000	$74,500,000	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	APT-Centra	Apt-Central Arlingto...	271,076	578,395
2023	$677,690	$76,222,310	$76,900,000	$76,900,000	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	APT-Central Arlington	Apt-Central Arlingto...	271,076	578,395
2022	$677,690	$72,922,310	$73,600,000	$73,600,000	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	APT-Centra	Apt-Centra	271,076	578,395
2021	$677,690	$38,940,310	$39,618,000	$39,618,000	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	APT-Centra	APT-Centra	271,076	578,395
2020	$677,690	$18,000	$695,690	$695,690	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	RET-Arling	RET-Arling	271,076	-
2019	$677,690	-	$677,690	$677,690	Arlington Commons Ii...	835 E Lamar Blvd Ste...	Parkway Central Addi...	RET-Arling	RET-Arling	271,076	-

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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 ↕
505 E Lamar Blvd, Arlington, TX 76011	42454482	Apartments	Apartment Garden (1 - 4 stories)	Arlington Commons Ii Llc	Tarrant	-	$ 67,779,500	2019-07-24	$ 117.19	2020	578,395	358
735 Washington Dr, Arlington, TX 76011	42642581	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corporat	Tarrant	0.7	$ 79,096,300	2024-12-13	$ 172.39	2020	458,819	346
2650 S Forum Dr, Grand Prairie, TX 75052	40975517	Apartments	Apartment Garden (1 - 4 stories)	Cw Forum Llc	Tarrant	6.4	$ 40,358,850	2024-11-19	$ 119.51	2005	337,690	304
2800 Brazos Blvd, Euless, TX 76034	41563670	Apartments	Apartment Garden (1 - 4 stories)	1045 Edge Llc	Tarrant	8.0	$ 101,080,000	2025-08-28	$ 161.82	2012	624,642	417
1225 Ih 20, Grand Prairie, TX 75052	28103730010020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	8.0	$ 85,600,000	2024-12-20	$ 176.39	2021	485,300	380
2525 State Hwy 360, Euless, TX 76039	40034755	Apartments	Apartment Garden (1 - 4 stories)	Gep Xi Harlowe Lp	Tarrant	7.9	$ 113,100,000	2024-12-19	$ 338.87	2000	333,755	486
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	12.5	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
365 Uptown Blvd, Cedar Hill, TX 75104	160456400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bw Midtown Cedar Hill Llc	Dallas	14.9	$ 59,045,350	2025-10-16	$ 132.34	2013	446,164	354
8032 Monterra Blvd, Fort Worth, TX 76177	42559217	Apartments	Apartment Garden (1 - 4 stories)	Wmci Dallas Xviib Llc	Tarrant	14.9	$ 66,476,060	2024-09-11	$ 126.81	2020	524,216	375
6165 Ridge Center Dr, Dallas, TX 75236	00000816038101100	Apartments	Apartment Garden (1 - 4 stories)	Jefferson Cedar Ridge Llc	Dallas	12.4	$ 63,042,000	2025-11-07	$ 165.19	2022	381,633	360
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	12.6	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433

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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 ↕
—	505 E Lamar Blvd, Arlington, TX 76011	—	-	271,076	2020	578,395	$ 80,163,842	$ 948,766	-
Cadence Bank Na	1800 Jay Cir, Arlington, TX 76012	09/09/2025	$ 725,000	21,850	1970	9,450	$ 962,955	$ 76,475	D & J BYLES LLC
Sofi Bank National Association	601 Greystoke Dr, Arlington, TX 76011	07/28/2025	$ 548,250	6,446	1984	3,996	$ 637,602	$ 22,561
Keybank National Association	2717 Lawrence Rd, Arlington, TX 76006	07/10/2025	$ 14,205,000	398,138	1980	152,322	$ 28,900,224	$ 1,393,483	Bmf Iv Tx Woodcreek Llc
Citi Real Estate Funding Inc	812 Brown Blvd, Arlington, TX 76011	06/04/2025	$ 598,400,000	522,197	1983	193,868	$ 35,174,278	$ 1,827,690	Residence At Redgate Llc
Forte Bank	927 N Oak St, Arlington, TX 76011	05/07/2025	$ 2,500,000	122,142	1984	56,760	$ 10,590,281	$ 427,497	Central Area Properties Llc
Walker & Dunlop Llc	2711 Trinity Bend Cir, Arlington, TX 76006	04/17/2025	$ 15,347,000	348,480	1984	161,179	$ 28,125,362	$ 1,219,680
Forte Bank	407 Cora St, Arlington, TX 76011	03/27/2025	$ 4,500,000	81,915	1952	44,416	$ 6,098,761	$ 286,702
Riversource Life Insurance Co	1101 Ne Green Oaks Blvd, Arlington, TX 76006	03/27/2025	$ 8,750,000	447,766	1995	212,947	$ 38,814,831	$ 1,567,181
Bspdf 2021fl1 Issuer Ltd	723 Brentford Pl, Arlington, TX 76006	03/18/2025	$ 21,000,000	416,434	1983	160,842	$ 28,156,621	$ 1,457,519	La Villa Housing Finance Corporation
Berkadia Commercial Mtg Llc	735 Washington Dr, Arlington, TX 76011	12/02/2024	$ 63,277,000	691,828	2020	458,819	$ 96,574,220	$ 2,421,398	Pecos Housing Finance Corporation

Mean$ 33,758,308

Median$ 10,643,000.0

Loan Amount Range$ 498,750 - $ 598,400,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32093669508

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

2/10/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	SAM DESIGNERS LLC
	Address Line	505 e lamar blvd ste 431
	City / State / Zip	arlington TX 76011
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48439
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	76011
Registration Details	SOS Code	A

License Timeline

License Issued

2/10/2024

Currently Active

Status: -

Renewal Required

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