1790 Mercer Pkwy, Farmers Branch, TX 75234 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2018Total Assessed Value $80,000,000County Dallas

Property Details

The Apartments property 1790 Mercer Pkwy, Farmers Branch, TX 75234 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $80,000,000.

The gross building area is 544,163 square feet and the land area is 489,614 square feet for this Apartment Garden (1 - 4 stories) built in 2018.

Legal description: Wria Blk A Lt 1 Acs 11.240 Int201700299912 Dd10192017 Co-Dc 2317400E00008 9Cf2317400E

$80,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,511

Avg Rent

Property Image of 1790 Mercer Pkwy, Farmers Branch, TX 75234, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area544,163

Land Size489,614

Land Value$3,916,910

Improved Value$76,083,090

Total Assessed Value$80,000,000

Year Built2018

County NameDallas

Account Number242417500A0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Type ConstructionTilt up pre cast concrete

No of Stories4

Basement3

Bedrooms13

Bathrooms13

PatioAvailable

Access Gates1

Valet Trash1

Vaulted Ceilings1

Outside Storage1

Steel Appliances1

10ft Ceilings1

Number of Units410

Elevator

Exterior WallsBrick

Sales History

This details prefers to stay low-key.

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Mortgage History

1/25/2022

Arms length residential transactions purchase or resales$60,000,000

Borrower

Wria 20173 Lp

Lender

Voya Investment Management Llc

Book Number

2022.282

Recording Date

1/25/2022

Transaction Details

Wria 20173 Lp borrowed the property from Voya Investment Management Llc through a Arms length residential transactions purchase or resales transaction on 1/25/2022 for $60,000,000.

Property constructed in 2018

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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	$3,916,910	$76,083,090	$80,000,000	$80,000,000	Wria 2017 3 Lp	2505 N State Highway...	Wria Blk A Lt 1 Acs ...	1As001	Wria	489,614	544,163
2024	$3,182,490	$63,317,510	$66,500,000	$66,500,000	Wria 2017 3 Lp	2505 N State Highway...	Wria Blk A Lt 1 Acs ...	1AS001	WRIA	489,614	544,163
2023	$3,182,490	$59,817,510	$63,000,000	$63,000,000	Wria 2017 3 Lp	2505 N State Hwy 360...	Wria Blk A Lt 1 Acs ...	1AS001	WRIA	489,614	544,163
2022	$3,182,490	$49,817,510	$53,000,000	$53,000,000	Wria 2017 3 Lp	2505 N State Hwy 360...	Wria Blk A Lt 1 Acs ...	1AS001	-	489,614	544,163
2021	$4,651,340	$41,148,080	$45,799,420	$45,799,420	Wria 2017 3 Lp	2505 N State Hwy 360...	Wria Blk A Lt 1 Acs ...	1AS001	WRIA	489,614	544,163
2020	$4,651,340	$23,876,340	$28,527,680	$28,527,680	Wria 2017 3 Lp	2505 N State Hwy 360...	Wria Blk A Lt 1 Acs ...	1AS001	-	489,614	544,163
2019	$4,651,340	$1,913,170	$6,564,510	$6,564,510	Wria 2017 3 Lp	2505 N State Hwy 360...	Wria Blk A Lt 1 Acs ...	1AS001	WRIA	489,614	544,163

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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 ↕
1790 Mercer Pkwy, Farmers Branch, TX 75234	242417500A0010000	Apartments	Apartment Garden (1 - 4 stories)	Wria 2017 3 Lp	Dallas	-	-	-	-	2018	544,163	410
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	2.7	$ 156,940,000	2025-11-25	$ 342.12	2018	458,730	387
1100 Lake Carolyn Pkwy, Irving, TX 75039	321012500101R0000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Llc	Dallas	2.8	$ 156,940,000	2025-11-25	$ 446.33	2017	351,620	286
1050 Lake Carolyn Pky, Irving, TX 75039	32271250010010000	Apartments	Apartment Garden (1 - 4 stories)	Htjd Las Colinas Property	Dallas	2.9	$ 82,750,000	2024-12-17	$ 227.57	2003	363,624	341
801 Lake Carolyn Pkwy, Irving, TX 75039	323111100A0010000	Apartments	Apartment Garden (1 - 4 stories)	Sam 801 Lasco Owner Llc	Dallas	3.2	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	2.7	$ 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	3.2	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
11900 Commerce St, Farmers Branch, TX 75234	99220428900000000	Apartments	Apartment Garden (1 - 4 stories)	Kre Wren Owner Llc	Dallas	0.4	$ 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	2.8	$ 78,470,000	2024-06-28	$ 213.31	2019	367,875	390
1011 S Main St, Carrollton, TX 75006	141079400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lux On Main Owner Lp	Dallas	3.0	$ 68,495,000	2024-10-08	$ 212.89	2018	321,732	352
101 Cimarron Trail, Irving, TX 75063	322737600A0010000	Apartments	Apartment Garden (1 - 4 stories)	Cimarron Apartment Owner	Dallas	2.1	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286

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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 ↕
—	1790 Mercer Pkwy, Farmers Branch, TX 75234	—	-	489,614	2018	544,163	$ 80,000,000	$ 3,916,910	-
Lument Real Estate Capital Llc	3514 Nogales Dr, Dallas, TX 75220	09/11/2025	$ 7,933,000	72,333	1962	36,114	$ 2,510,350	$ 470,160	Arawak Redevelopment Llc
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
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
Guaranteed Rate Inc	1709 Fagan St, Farmers Branch, TX 75234	05/09/2025	$ 728,999	6,208	2021	3,249	$ 821,510	$ 90,000
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
Arbor Commercial Funding I Llc	11661 Dennis Rd, Dallas, TX 75229	04/30/2025	$ 27,090,000	390,502	1974	210,128	$ 32,269,140	$ 3,124,020	Touro Midtown De Llc
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
Cvi Loan Sub Holdings Iv Llc	9727 Dale Crest Dr, Dallas, TX 75220	04/21/2025	$ 128,000,000	274,384	1972	117,888	$ 18,101,030	$ 1,783,500	Spanish Pueblo Leasehold Llc
Jll Real Estate Capital Llc	5302 Carnaby St, Irving, TX 75038	03/31/2025	$ 37,700,000	403,017	1995	222,436	$ 53,312,030	$ 6,045,260	Montgomery Acquisition I Llc
Barclays Capital Re Inc	8801 Rodeo Dr, Irving, TX 75063	03/24/2025	$ 32,000,000	440,783	1986	174,548	$ 40,069,980	$ 2,644,700	Avalon 8801 Leasehold Llc

Mean$ 34,784,360

Median$ 29,250,000.0

Loan Amount Range$ 150,000 - $ 128,000,000

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Tenant Details

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License Details

License Number

32081741285

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

1/24/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	THE KING'S DAUGHTERS MINISTRY
	Address Line	1790 mercer pkwy apt 7106
	City / State / Zip	farmers brnch TX 75234
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	75234
Registration Details	SOS Code

License Timeline

License Issued

1/24/2024

Currently Active

Status: -

Renewal Required

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