1414 N Shepherd Dr 337, Houston, TX 77008 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2019Total Assessed Value $73,248,741County Harris

Property Details

The Apartments property 1414 N Shepherd Dr 337, Houston, TX 77008 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $73,248,741.

The gross building area is 280,270 square feet and the land area is 100,057 square feet for this Apartment High Rise (5+ stories) built in 2019.

Legal description: Res A Blk 1 Broadstone Shepherd

$73,248,741

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1414 N Shepherd Dr 337, Houston, TX 77008, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area280,270

Land Size100,057

Land Value$10,005,700

Improved Value$63,243,041

Total Assessed Value$73,248,741

Year Built2019

County NameHarris

Account Number1403490010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

PoolY

Sales History

2/27/2025

Arms-lengthNot Disclosed

Buyer

Pleasanton Housing Finance Corporation

Seller

15th Street Flats 337 Llc

Book Number

2025.87104

Recording Date

2/27/2025

Transaction Details

Pleasanton Housing Finance Corporation acquired the property from 15th Street Flats 337 Llc through a Arms-length transaction on 2/27/2025 for .

9/20/2021

Arms-length$96,050,000

Buyer

15th Street Flats 337 Llc

Seller

Crpar 15th Street Flats Owner Lp

Book Number

RP-2021-538854

Recording Date

9/20/2021

Transaction Details

15th Street Flats 337 Llc acquired the property from Crpar 15th Street Flats Owner Lp through a Arms-length transaction on 9/20/2021 for $96,050,000.

Property constructed in 2019

YSale Price (USD) byXSales Year

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Mortgage History

9/20/2021

Helocs both purchase money and non purchase money helocs$62,987,000

Borrower

15th Street Flats 337 Llc

Lender

Western Southern Life Insurance Company

Book Number

RP-2021-538855

Recording Date

9/20/2021

Transaction Details

15th Street Flats 337 Llc borrowed the property from Western Southern Life Insurance Company through a Helocs both purchase money and non purchase money helocs transaction on 9/20/2021 for $62,987,000.

5/4/2007

New construction residential transactions$380,000

Borrower

Lira Real Estate Inc

Lender

John Parker Auto Sales Inc

Book Number

2007.274202

Recording Date

5/4/2007

Transaction Details

Lira Real Estate Inc borrowed the property from John Parker Auto Sales Inc through a New construction residential transactions transaction on 5/4/2007 for $380,000.

Property constructed in 2019

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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	$10,005,700	$63,243,041	$73,248,741	$73,248,741	Pleasanton Housing F...	108 Second St	Res A Blk 1 (Prorate...	5938.11	-	100,057	280,270
2024	$10,005,700	$64,046,328	$74,052,028	$74,052,028	15th Street Flats 33...	18909 Ne 29th Ave	Res A Blk 1 Broadsto...	5938.11	-	100,057	280,270
2023	$10,005,700	$81,039,203	$91,044,903	$91,044,903	Crp Ar 15th Street F...	820 Gessner Ste 1000	Res A Blk 1 Broadsto...	5938.11	-	100,057	280,270
2022	$7,003,990	$65,996,010	$73,000,000	$73,000,000	Crp Ar 15th Street F...	820 Gessner Ste 1000	Res A Blk 1 Broadsto...	5938.11	-	100,057	280,270
2021	$4,002,280	$48,374,989	$52,377,269	$52,377,269	Crp Ar 15th Street F...	820 Gessner Ste 1000	Res A Blk 1 Broadsto...	5938.11	-	100,057	280,270
2020	$4,002,280	$26,141,377	$30,143,657	$30,143,657	Crp Ar 15th Street F...	820 Gessner Ste 1000	Res A Blk 1 Broadsto...	5938.11	-	100,057	280,270
2019	$4,002,280	$57,600	$4,059,880	$4,059,880	Crp Ar 15th Street F...	2525 E Camelback Rd ...	Res A Blk 1 Broadsto...	5938.11	-	100,057	-

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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 ↕
1414 N Shepherd Dr 337, Houston, TX 77008	1403490010001	Apartments	Apartment High Rise (5+ stories)	15th Street Flats 337 Llc	Harris	-	$ 96,050,000	2021-09-20	$ 342.71	2019	280,270	337
641 W Crosstimbers St 327, Houston, TX 77018	1449360010001	Apartments	Apartment High Rise (5+ stories)	Garden Oaks Apartments Llc	Harris	2.1	$ 66,367,000	2025-11-19	$ 211.71	2022	313,481	327
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	1.9	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
2300 Mccue Rd 299, Houston, TX 77056	1184790000001	Apartments	Apartment High Rise (5+ stories)	T C Montecito Llc	Harris	4.9	$ 43,890,000	2025-09-17	$ 137.56	1996	319,072	299
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	3.6	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	3.5	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352
409 Travis St 274, Houston, TX 77002	1355320010001	Apartments	Apartment High Rise (5+ stories)	Hm Aris Llc Et Al	Harris	3.8	$ 77,492,450	2025-01-28	$ 215.23	2015	360,043	274
1215 Sawyer St 327, Houston, TX 77007	1401370010001	Apartments	Apartment High Rise (5+ stories)	Sawyer Yards Holdco Lp	Harris	2.4	$ 54,136,320	2024-09-26	$ 201.32	2019	268,912	327
3030 Summer St 375, Houston, TX 77007	1386910010002	Apartments	Apartment High Rise (5+ stories)	Brep Summer Llc	Harris	2.0	$ 59,260,810	2024-09-27	$ 182.93	2018	323,947	375
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	4.0	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302
3300 Main St 328, Houston, TX 77002	1373900010001	Apartments	Apartment High Rise (5+ stories)	3300 Main Project Owner Lp	Harris	4.3	$ 80,249,540	2024-09-19	$ 199.53	2018	402,195	328

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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 ↕
—	1414 N Shepherd Dr 337, Houston, TX 77008	—	-	100,057	2019	280,270	$ 73,248,741	$ 10,005,700	-
Bank Of The Orient	5400 Memorial Dr, Houston, TX 77007	08/14/2025	$ 9,220,000	88,142	1965	173,913	$ 14,073,794	$ 6,610,650	Fell In Love Llc
Acre Credit Fund Ii Gs Ii Llc	92 Jensen Rd, Houston, TX 77020	08/14/2025	$ 58,000,000	211,222	2022	437,515	$ 83,553,338	$ 2,112,220	East River Residential One Llc
Regions Bank	3275 Summer St, Houston, TX 77007	08/06/2025	$ 29,092,000	101,743	2020	161,461	-	-	Dtc Ss Coop Llc
Keybank National Association	929 Westcott St, Houston, TX 77007	07/16/2025	$ 94,545,000	123,623	2019	432,689	$ 126,500,000	$ 6,304,773	Mpw Owner Lp
Fbred Bdc Finance Llc	2221 W Dallas St, Houston, TX 77019	06/27/2025	$ 58,500,000	249,947	2008	415,827	$ 87,609,142	$ 23,744,965	Us Living Montrose Llc
Truist Bank	3003 Memorial Ct 380, Houston, TX 77007	06/10/2025	$ 57,000,000	435,600	2000	466,392	$ 85,294,052	$ 37,026,000	Cb Marcella Memorial Heights L
Stellar Bank	1616 Post Oak Blvd, Houston, TX 77056	06/03/2025	$ 1,500,000	66,381	2020	608,704	$ 182,222,151	$ 13,276,200	Culinary Khanceptsaspire Inc
Acre Credit Fund Ii Lndg Llc	1317 Post Oak Park Dr, Houston, TX 77027	05/29/2025	$ 50,000,000	145,926	2019	386,850	$ 83,984,674	$ 11,674,080	Houston Reverie Llc
Spt Real Estate Capital Llc	7655 Washington Ave, Houston, TX 77007	05/16/2025	$ 60,500,000	174,240	2019	324,709	$ 74,431,715	$ 4,356,000	-
Citibank Na	1120 Moy St, Houston, TX 77007	04/11/2025	$ 9,240,000	34,243	2021	150,400	$ 6,769,708	$ 2,739,440	Heritage Senior Residences Lp

Mean$ 70,491,077

Median$ 58,132,500.0

Loan Amount Range$ 1,000,000 - $ 500,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1414 N SHEPHERD DR, HOUSTON, TX 77008-2973	15TH STREET FLATS	8337868533	APARTMENTS
1414 N SHEPHERD DR, HOUSTON, TX 77008-2973	15TH STREET FLATS	7133240571	APARTMENTS

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License Details

License Number

32092239733

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

10/25/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	IVY PREP PRESCHOOL LLC
	Address Line	1414 n shepherd dr apt 412
	City / State / Zip	houston TX 77008
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48201
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77008
Registration Details	SOS Code	A

License Timeline

License Issued

10/25/2023

Currently Active

Status: -

Renewal Required

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