27040 E Us 380, Little Elm, TX 75068 – Apartment (4 - 20 units)

ApartmentsYear Built 2015Total Assessed Value $73,561,175County Denton

Property Details

The Apartments property 27040 E Us 380, Little Elm, TX 75068 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $73,561,175.

The gross building area is 356,369 square feet and the land area is 1,336,116 square feet for this Apartment (4 - 20 units) built in 2015.

Legal description: Grand Estates At Little Elm Blk A Lot 1

$73,561,175

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,335

Avg Rent

Property Image of 27040 E Us 380, Little Elm, TX 75068, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area356,369

Land Size1,336,116

Land Value$13,361,159

Improved Value$60,200,016

Total Assessed Value$73,561,175

Year Built2015

County NameDenton

Account Number757971

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space1095

HeatingCentral

No of Stories1

Garage TypeCovered Parking/Carport

Bedrooms13

Bathrooms13

PatioAvailable

Access Gates1

Jogging Trail1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Walk-in Closets1

Emergency Maintenance1

Granite Countertops1

Steel Appliances1

10ft Ceilings1

Number of Units420

Elevator

Exterior WallsSiding alum or vinyl

Sales History

9/28/2021

Arms-length$88,164,819

Buyer

Bvf V Park 380 Llc

Seller

Western Rim Property Services

Book Number

2021.178870

Recording Date

9/28/2021

Transaction Details

Bvf V Park 380 Llc acquired the property from Western Rim Property Services through a Arms-length transaction on 9/28/2021 for $88,164,819.

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

9/28/2021

Helocs both purchase money and non purchase money helocs$48,750,000

Borrower

Bvf V Park 380 Llc

Lender

Jll Real Estate Capital, Llc

Book Number

178871

Recording Date

9/28/2021

Transaction Details

Bvf V Park 380 Llc borrowed the property from Jll Real Estate Capital, Llc through a Helocs both purchase money and non purchase money helocs transaction on 9/28/2021 for $48,750,000.

Property constructed in 2015

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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	$13,361,159	$56,194,459	$69,555,618	$69,555,618	Bvfv Park 380 Llc	Po Box 92129	Grand Estates At Lit...	Mf01G01B13	Sd5072A	1,336,116	356,369
2025	$13,361,159	$51,738,841	$65,100,000	$65,100,000	Bvfv Park 380 Llc	C/o Altus Group Po ...	Grand Estates At Lit...	MF01G01A2	Sd5072A	1,336,116	356,369
2024	$13,361,159	$56,438,841	$69,800,000	$69,800,000	Bvf-v Park 380 Llc	C/o Altus Group, Po ...	Grand Estates At Lit...	Mf01A3S05	Sd5072A	1,336,116	352,554
2023	$13,361,159	$55,394,841	$68,756,000	$68,756,000	Bvf-v Park 380 Llc	C/o Altus Group, Po ...	Grand Estates At Lit...	MF01A3S05	Sd5072A	1,336,116	352,554
2022	$10,688,927	$49,311,073	$60,000,000	$60,000,000	Bvf-v Park 380 Llc	C/o Altus Group, Po ...	Grand Estates At Lit...	MF01A3S05	SD5072A	1,336,116	352,554
2021	$10,688,927	$37,011,073	$47,700,000	$47,700,000	Western Rim Investor...	2505 N State Highway...	Grand Estates At Lit...	MF01A3S05	SD5072A	1,336,116	352,554
2020	$10,688,927	$33,512,779	$44,201,706	$44,201,706	Western Rim Investor...	2505 N State Highway...	Grand Estates At Lit...	MF01A3S05	SD5072A	1,336,116	352,554

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Showing 1 to 7 of 7 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 ↕
27040 E Us 380, Little Elm, TX 75068	757971	Apartments	Apartment (4 - 20 units)	Bvfv Park 380 Llc	Denton	-	$ 88,164,819	2021-09-28	$ 247.40	2015	356,369	420
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	4.0	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	6.6	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	352
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	15.0	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
905 Cleveland St, Denton, TX 76201	498438	Apartments	Apartment (4 - 20 units)	Gpl Midtown Propco Llc	Denton	13.5	$ 37,539,250	2024-09-27	$ 208.14	2010	180,355	120
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	16.2	$ 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	16.1	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
919 W Eagle Dr, Denton, TX 76201	556960	Apartments	Apartment (4 - 20 units)	919 Eagle Dr Ground Owner Llc	Denton	13.8	$ 32,252,500	2025-01-02	$ 201.58	2012	160,002	139
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	15.1	$ 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	15.7	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
15901 Championship Pkwy, Fort Worth, TX 76177	1003641	Apartments	Apartment (4 - 20 units)	Champions Way Dfw Lp	Denton	26.1	$ 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 ↕
—	27040 E Us 380, Little Elm, TX 75068	—	-	1,336,116	2015	356,369	$ 73,561,175	$ 13,361,159	-
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
United Wholesale Mortgage Llc	3215 Fallmeadow St, Denton, TX 76207	06/25/2025	$ 669,750	10,080	1985	3,832	$ 374,116	$ 90,720
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
Loan Store Tx Inc	2331 N Elm St, Denton, TX 76201	04/01/2025	$ 520,000	17,250	2005	4,658	$ 669,285	$ 207,000
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
W & D Debt Fund Lp	919 W Eagle Dr, Denton, TX 76201	01/02/2025	$ 24,250,000	94,743	2012	160,002	$ 33,158,221	$ 1,421,145	Gpl 33 North Propco Llc

Mean$ 13,645,093

Median$ 6,850,500.0

Loan Amount Range$ 50,000 - $ 41,650,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

5252KF

PLEASURE

Issued By

Boat CROWNLINE-

State Authority

Issue Date

7/11/2005

Original Issuance

Expire Date

3/31/2024

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	RICHIE SOUTHER
	Address Line	27040 e us highway 380 apt 910
	City / State / Zip	aubrey TX 76227
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	76227
Registration Details	SOS Code

License Timeline

License Issued

7/11/2005

Currently Active

Status: -

Renewal Required

3/31/2024

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