11900 Commerce St, Farmers Branch, TX 75234 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2022Total Assessed Value $92,515,320County Dallas

Property Details

The Apartments property 11900 Commerce St, 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 $92,515,320.

The gross building area is 414,835 square feet and the land area is 349,395 square feet for this Apartment Garden (1 - 4 stories) built in 2022.

Legal description: Mercer Crossing Apartments Blk A Lt 1 Acs 8.0205 Int202400118067 Dd06112024 Co-Dc 1160200A00100 9Cf1160200A

$92,515,320

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 11900 Commerce St, Farmers Branch, TX 75234, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area414,835

Land Size349,395

Land Value$3,319,250

Improved Value$89,196,070

Total Assessed Value$92,515,320

Year Built2022

County NameDallas

Account Number99220428900000000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Type ConstructionFrame

No of Stories4

Number of Units3

Sales History

6/11/2024

Arms-length$95,760,000

Buyer

Kre Wren Owner Llc

Seller

Dd Mercer Pkwy Llc

Book Number

2024.118067

Recording Date

6/11/2024

Transaction Details

Kre Wren Owner Llc acquired the property from Dd Mercer Pkwy Llc through a Arms-length transaction on 6/11/2024 for $95,760,000.

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

6/11/2024

Arms length residential transactions purchase or resales$72,000,000

Borrower

Kre Wren Owner Llc

Lender

Wsfb Lender Iii Lp

Book Number

2024.118068

Recording Date

6/11/2024

Transaction Details

Kre Wren Owner Llc borrowed the property from Wsfb Lender Iii Lp through a Arms length residential transactions purchase or resales transaction on 6/11/2024 for $72,000,000.

Property constructed in 2022

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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	$3,319,250	$99,870,900	$103,190,150	$103,190,150	Kre Wren Owner Llc	30 Hudson Yards Ste ...	Mercer Crossing Apar...	1AS001	-	349,395	414,835
2025	$3,319,250	$86,480,750	$89,800,000	$89,800,000	Kre Wren Owner Llc	30 Hudson Yards Ste ...	Mercer Crossing Apar...	1AS001	-	349,395	414,835

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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 ↕
11900 Commerce St, Farmers Branch, TX 75234	99220428900000000	Apartments	Apartment Garden (1 - 4 stories)	Kre Wren Owner Llc	Dallas	-	$ 95,760,000	2024-06-11	$ 230.84	2022	414,835	379
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	2.8	$ 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	1.6	$ 59,185,000	2025-09-12	$ 222.55	2006	265,944	306
101 Cimarron Trl, Irving, TX 75063	322737600A0010000	Apartments	Apartment Garden (1 - 4 stories)	Camden Operating Lp	Dallas	2.4	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	2.8	$ 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	3.3	$ 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	3.2	$ 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	3.2	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
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
14181 Noel Rd, Dallas, TX 75254	007008000A0020000	Apartments	Apartment Garden (1 - 4 stories)	S2 Neo Amp Crnt Llc	Dallas	5.9	$ 50,041,250	2025-07-23	$ 230.02	1998	217,548	222

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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 ↕
—	11900 Commerce St, Farmers Branch, TX 75234	—	-	349,395	2022	414,835	$ 92,515,320	$ 3,319,250	-
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
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
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$ 39,867,260

Median$ 31,278,500.0

Loan Amount Range$ 258,000 - $ 128,000,000

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License Details

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