2940 W Royal Ln, Irving, TX 75063 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 1990Total Assessed Value $92,418,370County Dallas

Property Details

The Apartments property 2940 W Royal Ln, Irving, TX 75063 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $92,418,370.

The gross building area is 464,996 square feet and the land area is 802,893 square feet for this Apartment Garden (1 - 4 stories) built in 1990.

Legal description: Ensenada Las Colinas 3 Blk A Lot 1 Acs 18.4319 Split Isd Jurisdiction Int201600174539 Dd06282016 Co-Dc 1075900A00100 1Ci1075900A

$92,418,370

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,793

Avg Rent

Property Image of 2940 W Royal Ln, Irving, TX 75063, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area464,996

Land Size802,893

Land Value$9,634,720

Improved Value$82,783,650

Total Assessed Value$92,418,370

Year Built1990

County NameDallas

Account Number321075900A0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Wood Burning

HeatingCentral

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Type ConstructionFrame

No of Stories3

Garage TypeDetached Garages,Covered Parking/Carport

BasementNo basement

Bedrooms11

Bathrooms10

PatioAvailable

Wood DeckAvailable

Social Activities1

Access Gates1

Business Center1

Valet Trash1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Perimeter Fence1

School Bus Pickup1

Emergency Maintenance1

Self Clean Ovens1

Tanning Center1

Granite Countertops1

Steel Appliances1

Number of Units468

Exterior WallsBrick

Sales History

2/16/2021

Other$90,600,000

Buyer

Rre Santa Rosa Holdings Llc

Seller

Book Number

Recording Date

2/16/2021

Transaction Details

Rre Santa Rosa Holdings Llc acquired the property from through a Other transaction on 2/16/2021 for $90,600,000.

Property constructed in 1990

YSale Price (USD) byXSales Year

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Mortgage History

5/20/2022

Arms length residential transactions purchase or resales$235,205,000

Borrower

Rre Santa Rosa Holdings Llc

Lender

Cbre Multifamily Capital Inc

Book Number

2022.144002

Recording Date

5/20/2022

Transaction Details

Rre Santa Rosa Holdings Llc borrowed the property from Cbre Multifamily Capital Inc through a Arms length residential transactions purchase or resales transaction on 5/20/2022 for $235,205,000.

Property constructed in 1990

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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	$9,634,720	$93,323,480	$102,958,200	$102,958,200	Rre Santa Rosa Holdi...	2330 S Wacker Dr Ste...	Ensenada Las Colinas...	1ISB04	-	802,893	464,996
2025	$9,634,720	$82,783,650	$92,418,370	$92,418,370	Rre Santa Rosa Holdi...	Resource Real Estate...	Ensenada Las Colinas...	1ISB04	Ensenada Las Colinas	802,893	464,996
2024	$9,634,720	$77,376,090	$87,010,810	$87,010,810	Rre Santa Rosa Holdi...	2330 S Wacker Dr Ste...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS	802,893	464,996
2023	$9,634,720	$73,197,510	$82,832,230	$82,832,230	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS	802,893	464,996
2022	$9,634,720	$55,745,480	$65,380,200	$65,380,200	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	-	802,893	464,996
2021	$9,634,720	$49,355,480	$58,990,200	$58,990,200	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS	802,893	464,996
2020	$9,634,720	$47,435,480	$57,070,200	$57,070,200	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	-	802,893	464,996
2019	$6,423,140	$49,051,770	$55,474,910	$55,474,910	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS	802,893	464,996
2018	$2,408,680	$50,505,010	$52,913,690	$52,913,690	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS...	802,893	464,996
2017	$2,408,680	$47,279,070	$49,687,750	$49,687,750	Rre Santa Rosa Holdi...	%resource Real Estat...	Ensenada Las Colinas...	1ISB04	ENSENADA LAS COLINAS...	802,893	464,996

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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 ↕
2940 W Royal Ln, Irving, TX 75063	321075900A0010000	Apartments	Apartment Garden (1 - 4 stories)	Rre Santa Rosa Holdings Llc	Dallas	-	-	-	-	1990	464,996	468
101 Cimarron Trl, Irving, TX 75063	322737600A0010000	Apartments	Apartment Garden (1 - 4 stories)	Camden Operating Lp	Dallas	2.8	$ 42,932,400	2025-07-01	$ 147.00	1992	292,049	286
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	4.4	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	3.6	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433
801 Lake Carolyn Pkwy, Irving, TX 75039	323111100A0010000	Apartments	Apartment Garden (1 - 4 stories)	Sam 801 Lasco Owner Llc	Dallas	4.4	$ 73,482,500	2024-12-19	$ 197.13	2016	372,753	422
555 Promenade Pkwy, Irving, TX 75039	322422200A0010000	Apartments	Apartment Garden (1 - 4 stories)	Jdfw Ii Llc	Dallas	3.7	$ 156,940,000	2025-11-25	$ 342.12	2018	458,730	387
2877 W Walnut Hill Ln, Irving, TX 75038	32086200000010000	Apartments	Apartment Garden (1 - 4 stories)	Lsc Grand Riviera Owner Llc &	Dallas	3.0	$ 25,935,000	2024-07-23	$ 105.01	1972	246,986	206
6411 Tranquilo, Irving, TX 75039	320056400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Pure La Villita Apts Llc	Dallas	2.9	$ 59,185,000	2025-09-12	$ 222.55	2006	265,944	306
1415 S Broadway St, Carrollton, TX 75006	140005000R02R0000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lyv Broadway Owner Lp	Dallas	5.4	$ 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	5.5	$ 68,495,000	2024-10-08	$ 212.89	2018	321,732	352
2311 W Grapevine Mills Pkwy, Grapevine, TX 76051	42053003	Apartments	Apartment Garden (1 - 4 stories)	2311 Grapevine Property Owner	Tarrant	5.2	$ 63,350,000	2024-07-11	$ 240.77	2013	263,119	243

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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 ↕
—	2940 W Royal Ln, Irving, TX 75063	—	-	802,893	1990	464,996	$ 92,418,370	$ 9,634,720	-
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
Ameritas Life Insurance Corp	2727 W Walnut Hill Ln, Irving, TX 75038	06/01/2025	$ 8,300,000	326,700	1975	144,068	$ 24,440,000	$ 3,267,000	Lpd Realty Llc
Pgim Re Agency Financing Llc	5015 Courtside Dr, Irving, TX 75038	05/21/2025	$ 3,100,000	217,800	1982	104,875	$ 16,500,000	$ 871,200	Broadmoor Villa Inc
More 2 Life Church	3033 W Royal Ln, Irving, TX 75063	05/05/2025	$ 2,925,000	110,764	1999	32,587	$ 7,938,820	$ 1,329,170	Bbe Phoenix Fund Lp
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
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
Vmc Finance 2023pv1 Llc	4013 W Northgate Dr, Irving, TX 75062	04/14/2025	$ 54,750,000	508,885	1982	263,483	$ 43,680,000	$ 3,816,640	Eagle Crest Borrower 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$ 49,479,538

Median$ 31,903,000.0

Loan Amount Range$ 421,200 - $ 417,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2940 W ROYAL LN, IRVING, TX 75063-3315	BLACKROCK INC	9725561691	OPERATORS OF APARTMENT BUILDINGS
2940 W ROYAL LN, IRVING, TX 75063-3315	PALMER AT LAS COLINAS	9729960690	APARTMENTS
2940 W ROYAL LN, IRVING, TX 75063-3315	SANTA ROSA APARTMENTS	9725561691	APARTMENTS

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License Details

This details prefers to stay low-key.

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