2570 Lake Ridge Rd, The Colony, TX 75056 – Apartment (4 - 20 units)

ApartmentsYear Built 2018Total Assessed Value $77,323,863County Denton

Property Details

The Apartments property 2570 Lake Ridge Rd, The Colony, TX 75056 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $77,323,863.

The gross building area is 357,248 square feet and the land area is 659,673 square feet for this Apartment (4 - 20 units) built in 2018.

Legal description: Crossroads Centre North Blk G Lot 2

$77,323,863

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,204

Avg Rent

Property Image of 2570 Lake Ridge Rd, The Colony, TX 75056, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area357,248

Land Size659,673

Land Value$9,895,090

Improved Value$67,428,773

Total Assessed Value$77,323,863

Year Built2018

County NameDenton

Account Number733556

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space516

HeatingCentral

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeAttached Garages,Covered Parking/Carport,Detached Garages

Total Rooms9

Bedrooms4

Bathrooms16

PatioAvailable

Wood DeckAvailable

Storage RoomAvailable

Access Gates1

Jogging Trail1

Business Center1

9ft Ceilings1

Outside Storage1

Walk-in Closets1

Emergency Maintenance1

Trash Pickup1

Granite Countertops1

Steel Appliances1

Refrigerator1

10ft Ceilings1

Number of Units364

Elevator

Exterior WallsBrick veneer

Sales History

5/25/2023

Arms-lengthNot Disclosed

Buyer

Imp Lakeyard Lp

Seller

Lake Ridge Tx Partners Llc

Book Number

2023.54232

Recording Date

5/25/2023

Transaction Details

Imp Lakeyard Lp acquired the property from Lake Ridge Tx Partners Llc through a Arms-length transaction on 5/25/2023 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

10/22/2020

Arms-lengthNot Disclosed

Buyer

Lake Ridge Tx Partners Llc

Seller

Lg Lake Ridge Llc

Book Number

2020.170071

Recording Date

10/22/2020

Transaction Details

Lake Ridge Tx Partners Llc acquired the property from Lg Lake Ridge Llc through a Arms-length transaction on 10/22/2020 for .

Property constructed in 2018

YSale Price (USD) byXSales Year

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Mortgage History

2/23/2024

Arms length residential transactions purchase or resales$25,000,000

Borrower

Imp Lakeyard Lp

Lender

Berkeley Point Capital Llc

Book Number

2024.23483

Recording Date

2/23/2024

Transaction Details

Imp Lakeyard Lp borrowed the property from Berkeley Point Capital Llc through a Arms length residential transactions purchase or resales transaction on 2/23/2024 for $25,000,000.

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) ↕
2026	$9,895,090	$69,043,282	$78,938,372	$78,938,372	Imp Lakeyard Lp	125 High St Tower 27...	Crossroads Centre No...	Mf01G01A5	Sl2672A	659,673	357,248
2025	$9,895,090	$59,404,910	$69,300,000	$69,300,000	Imp Lakeyard Lp	125 High St Tower 27...	Crossroads Centre No...	MF01G01A2	Sl2672A	659,673	357,248
2024	$9,895,090	$61,904,910	$71,800,000	$71,800,000	Imp Lakeyard Lp	125 High St Tower 27...	Crossroads Centre No...	Mf01A2S09	Sl2672A	659,673	346,269
2023	$9,895,090	$54,004,910	$63,900,000	$63,900,000	Imp Lakeyard Lp	125 High St Tower 27...	Crossroads Centre No...	MF01A2S09	Sl2672A	659,673	346,269
2022	$9,895,090	$50,104,910	$60,000,000	$60,000,000	Lake Ridge Tx Partne...	3424 Peachtree Rd Ne...	Crossroads Centre No...	MF01A2S09	SL2672A	659,673	346,269
2021	$9,895,090	$42,104,910	$52,000,000	$52,000,000	Lake Ridge Tx Partne...	3424 Peachtree Rd Ne...	Crossroads Centre No...	MF01A1S09	SL2672A	659,673	346,269
2020	$9,895,090	$30,347,493	$40,242,583	$40,242,583	Lg Lake Ridge Llc	3500 Maple Ave Ste 1...	Crossroads Centre No...	MF01A1S09	SL2672A	659,673	346,269
2019	$9,895,090	$1,206,584	$11,101,674	$11,101,674	Lg Lake Ridge Llc	3500 Maple Ave Ste 1...	Crossroads Centre No...	MF01A1S09	SL2672A	659,673	346,269

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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 ↕
2570 Lake Ridge Rd, The Colony, TX 75056	733556	Apartments	Apartment (4 - 20 units)	Imp Lakeyard Lp	Denton	-	-	-	-	2018	357,248	364
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	4.3	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	352
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	6.5	$ 76,230,000	2024-10-01	$ 372.82	1999	204,470	500
3901 Accent Dr, Dallas, TX 75287	179781	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	6.3	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	6.0	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	5.4	$ 39,191,110	2025-07-17	$ 179.24	1999	218,648	276
3702 Frankford Rd, Dallas, TX 75287	199420	Apartments	Apartment (4 - 20 units)	Frankford Springs Borrower Llc	Denton	5.9	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	11.8	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
919 W Eagle Dr, Denton, TX 76201	556960	Apartments	Apartment (4 - 20 units)	919 Eagle Dr Ground Owner Llc	Denton	16.7	$ 32,252,500	2025-01-02	$ 201.58	2012	160,002	139
905 Cleveland St, Denton, TX 76201	498438	Apartments	Apartment (4 - 20 units)	Gpl Midtown Propco Llc	Denton	16.4	$ 37,539,250	2024-09-27	$ 208.14	2010	180,355	120
15901 Championship Pkwy, Fort Worth, TX 76177	1003641	Apartments	Apartment (4 - 20 units)	Champions Way Dfw Lp	Denton	22.3	$ 74,480,000	2025-09-30	$ 155.78	2023	478,113	-

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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 ↕
—	2570 Lake Ridge Rd, The Colony, TX 75056	—	-	659,673	2018	357,248	$ 77,323,863	$ 9,895,090	-
Grandbridge Re Capital Llc	1152 Indian Run Dr, Carrollton, TX 75010	07/31/2025	$ 14,901,000	616,461	2003	222,993	$ 36,299,520	$ 3,698,766	Marbella Llc
M&t Realty Capital Corporation	2901 Lady Bettye Dr, Lake Dallas, TX 75065	06/26/2025	$ 46,750,000	353,315	2023	364,000	$ 63,500,000	$ 1,766,576	-
United Wholesale Mortgage Llc	218 Milton St UnitA-D, Lewisville, TX 75057	06/03/2025	$ 300,000	8,799	1974	4,900	$ 294,641	$ 140,786	Dunn Realty Investments Llc
Citibank Na	307 N Loop 288, Denton, TX 76209	04/29/2025	$ 10,799,000	302,219	1970	114,309	$ 12,520,940	$ 1,511,095	Singing Oaks Llc
Capital One Na	5210 Long Prairie Rd, Flower Mound, TX 75028	03/25/2025	$ 30,638,000	675,049	1999	305,783	$ 56,586,607	$ 6,750,490	Sjs Lantana Llc
Regions Bank	26493 E University Dr, Aubrey, TX 76227	02/26/2025	$ 41,650,000	733,951	2016	357,742	$ 75,731,542	$ 13,211,121	Spi Aubrey 416 De Llc
Pnc Bank National Association	2411 S I35e, Denton, TX 76205	02/26/2025	$ 15,700,000	547,819	1986	232,942	$ 36,370,000	$ 3,286,916
Rangewater Capital Ii Llc	5050 Fm 423, Frisco, TX 75036	02/18/2025	$ 35,555,000	850,291	2014	371,385	$ 76,827,837	$ 5,952,038	Csimrw Sorrel Property Llc
Homewood Mortgage Llc	1901 Kingswood Ct, Denton, TX 76205	01/03/2025	$ 568,125	19,100	1975	5,474	$ 564,455	$ 114,600	Manning Investment Group Llc
Greystone Servicing Co Llc	328 Sw Pkwy, Lewisville, TX 75067	12/31/2024	$ 11,625,000	379,843	1984	140,698	$ 18,795,512	$ 2,279,058	Ahfstone Creek Llc

Mean$ 26,124,833

Median$ 19,792,500.0

Loan Amount Range$ 300,000 - $ 157,700,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2570 LAKE RIDGE RD, LEWISVILLE, TX 75056-4955	LAKEYARD DISTRICT	4697712333	REAL ESTATE INVESTMENTS

Showing 1 to 1 of 1 entries

Tenant Industry Distribution

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License Details

License Number

32093715608

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

2/9/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	ROYALTY RIDEZ LLC
	Address Line	2570 lake ridge rd apt 6309
	City / State / Zip	lewisville TX 75056
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48121
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	75056
Registration Details	SOS Code	A

License Timeline

License Issued

2/9/2024

Currently Active

Status: -

Renewal Required

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