1501 Meridian Dr, Irving, TX 75038 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2020Total Assessed Value $89,280,000County Dallas

Property Details

The Apartments property 1501 Meridian Dr, Irving, TX 75038 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $89,280,000.

The gross building area is 402,657 square feet and the land area is 573,250 square feet for this Apartment Garden (1 - 4 stories) built in 2020.

Legal description: Blue Star Blk B Lt 1 Acs 13.16 Int202100376117 Dd12162021 Co-Dc 0306100B00100 1Ci0306100B

$89,280,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,421

Avg Rent

Property Image of 1501 Meridian Dr, Irving, TX 75038, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area402,657

Land Size573,250

Land Value$11,465,000

Improved Value$77,815,000

Total Assessed Value$89,280,000

Year Built2020

County NameDallas

Account Number320306100B0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Type ConstructionFrame

No of Stories3

Garage TypeAttached Garages,Detached Garages

Bedrooms10

Bathrooms10

PatioAvailable

Access Gates1

Business Center1

Valet Trash1

Walk-in Closets1

School Bus Pickup1

Steel Appliances1

Number of Units288

Exterior WallsBrick

Sales History

12/16/2021

Arms-length$77,188,221

Buyer

Kci Star Park Llc

Seller

Lincoln Blue Star Llc

Book Number

2021.376117

Recording Date

12/16/2021

Transaction Details

Kci Star Park Llc acquired the property from Lincoln Blue Star Llc through a Arms-length transaction on 12/16/2021 for $77,188,221.

5/20/2019

Arms-length$41,250,000

Buyer

Lincoln Blue Star Llc

Seller

Blue Star Land Lp

Book Number

2019.130462

Recording Date

5/20/2019

Transaction Details

Lincoln Blue Star Llc acquired the property from Blue Star Land Lp through a Arms-length transaction on 5/20/2019 for $41,250,000.

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

5/20/2019

Reo and trustee deeds$33,000,000

Borrower

Lincoln Blue Star Llc

Lender

Bank Of America Na

Book Number

2019.130461

Recording Date

5/20/2019

Transaction Details

Lincoln Blue Star Llc borrowed the property from Bank Of America Na through a Reo and trustee deeds transaction on 5/20/2019 for $33,000,000.

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	$11,465,000	$64,855,000	$76,320,000	$76,320,000	Kci Star Park Owner ...	580 W Germantown Pik...	Blue Star Blk B Lt 1...	1ISB05	-	573,250	402,657
2025	$11,465,000	$55,535,000	$67,000,000	$67,000,000	Kci Star Park Owner ...	Korman Communities 5...	Blue Star Blk B Lt 1...	1ISB05	Blue Star	573,250	402,657
2024	$11,465,000	$70,615,010	$82,080,010	$82,080,010	Kci Star Park Owner ...	580 W Germantown Pik...	Blue Star Blk B Lt 1...	1ISB05	BLUE STAR	573,250	402,657
2023	$9,172,000	$62,828,000	$72,000,000	$72,000,000	Kci Star Park Owner ...	%korman Communities,...	Blue Star Blk B Lt 1...	1ISB05	BLUE STAR	573,250	402,657
2022	$9,172,000	$42,828,000	$52,000,000	$52,000,000	Kci Star Park Owner ...	%korman Communities,...	Blue Star Blk B Lt 1...	1ISB05	-	573,250	402,657
2021	$9,172,000	$24,817,280	$33,989,280	$33,989,280	Lincoln Blue Star Ll...	2000 Mckinney Ave St...	Blue Star Blk B Lt 1...	1ISB05	BLUE STAR	573,250	402,657
2020	$9,172,000	-	$9,172,000	$9,172,000	Lincoln Blue Star Ll...	2000 Mckinney Ave St...	Blue Star Blk B Lt 1...	1ISB05	-	573,250	-
2019	$6,879,000	-	$6,879,000	$6,879,000	Lincoln Blue Star Ll...	2000 Mckinney Ave St...	Blue Star Blk B Lt 1...	1ISB05	BLUE STAR	573,250	-

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Showing 1 to 8 of 8 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 ↕
1501 Meridian Dr, Irving, TX 75038	320306100B0010000	Apartments	Apartment Garden (1 - 4 stories)	Kci Star Park Owner Llc	Dallas	-	$ 77,188,221	2021-12-16	$ 191.70	2020	402,657	288
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	2.5	$ 156,940,000	2025-11-25	$ 342.12	2018	458,730	387
6411 Tranquilo, Irving, TX 75039	320056400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Pure La Villita Apts Llc	Dallas	2.2	$ 59,185,000	2025-09-12	$ 222.55	2006	265,944	306
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	2.4	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	3.1	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
9921 W Valley Ranch Pkwy, Irving, TX 75063	320864600A03R0000	Apartments	Apartment Garden (1 - 4 stories)	Criterion International	Dallas	3.7	$ 42,301,980	2025-06-17	$ 156.48	2023	270,329	236
801 Lake Carolyn Pkwy, Irving, TX 75039	323111100A0010000	Apartments	Apartment Garden (1 - 4 stories)	Sam 801 Lasco Owner Llc	Dallas	3.1	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
101 Cimarron Trl, Irving, TX 75063	322737600A0010000	Apartments	Apartment Garden (1 - 4 stories)	Camden Operating Lp	Dallas	3.4	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286
11900 Commerce St, Farmers Branch, TX 75234	99220428900000000	Apartments	Apartment Garden (1 - 4 stories)	Kre Wren Owner Llc	Dallas	3.8	$ 95,760,000	2024-06-11	$ 230.84	2022	414,835	379
1415 S Broadway St, Carrollton, TX 75006	140005000R02R0000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lyv Broadway Owner Lp	Dallas	5.7	$ 78,470,000	2024-06-28	$ 213.31	2019	367,875	390
2149 Anderson Gibson Rd, Grapevine, TX 76051	42613955	Apartments	Apartment Garden (1 - 4 stories)	Enclave Carter Lp	Tarrant	6.6	$ 57,855,000	2025-05-28	$ 145.39	2021	397,935	276

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Nearby Lenders

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Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1501 Meridian Dr, Irving, TX 75038	—	-	573,250	2020	402,657	$ 89,280,000	$ 11,465,000	-
Cbre Capital Markets Inc	9921 W Valley Ranch Pkwy, Irving, TX 75063	06/17/2025	$ 31,806,000	230,376	2023	270,329	$ 34,982,400	$ 1,843,010	Intl Valley Ranch Re Llc
B1bank	1451 Greenway Dr, Irving, TX 75038	06/05/2025	$ 4,603,703	250,200	2023	40,172	$ 7,199,940	$ 1,876,500	Jk Valwood Llc
Greystone Servicing Co Llc	1355 Meadow Creek Dr, Irving, TX 75038	06/04/2025	$ 20,725,000	538,470	1984	243,505	$ 39,878,700	$ 7,000,110	Akasa Vanam Limited Partnershi
Ameritas Life Insurance Corp	2727 W Walnut Hill Ln, Irving, TX 75038	06/01/2025	$ 8,300,000	326,700	1975	144,068	$ 24,440,000	$ 3,267,000	Lpd Realty Llc
Pgim Re Agency Financing Llc	5015 Courtside Dr, Irving, TX 75038	05/21/2025	$ 3,100,000	217,800	1982	104,875	$ 16,500,000	$ 871,200	Broadmoor Villa Inc
Regions Bank	1850 Mercer Pkwy, Farmers Branch, TX 75234	05/01/2025	$ 62,506,400	466,876	2018	578,538	$ 68,500,000	$ 3,735,010	Wria 20172 Lp
Regions Bank	1900 Mercer Pkwy, Farmers Branch, TX 75234	04/28/2025	$ 61,034,400	429,589	2018	589,083	$ 67,497,560	$ 4,081,100	Wria 20174 Lp
Comerica Bank	1451 Greenway Dr, Irving, TX 75038	04/15/2025	$ 750,000	250,200	2023	40,172	$ 7,199,940	$ 1,876,500	Lincoln Property Development G
Vmc Finance 2023pv1 Llc	4013 W Northgate Dr, Irving, TX 75062	04/14/2025	$ 54,750,000	508,885	1982	263,483	$ 43,680,000	$ 3,816,640	Eagle Crest Borrower Llc
Britain Shopping Center Llc	1900 Shoaf Dr, Irving, TX 75061	04/14/2025	$ 800,000	224,277	1963	101,923	$ 11,200,000	$ 672,830	Desi Center Inc

Mean$ 45,663,327

Median$ 30,625,500.0

Loan Amount Range$ 750,000 - $ 417,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32082324701

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

1/14/2022

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	KCI STAR PARK OWNER LLC
	Address Line	580 w germantown pike ste 200
	City / State / Zip	plymouth mtng PA 19462
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48113
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	19462
Registration Details	SOS Code

License Timeline

License Issued

1/14/2022

Currently Active

Status: -

Renewal Required

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