2400 Fort Worth Ave, Dallas, TX 75211 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2017Total Assessed Value $80,000,000County Dallas

Property Details

The Apartments property 2400 Fort Worth Ave, Dallas, TX 75211 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $80,000,000.

The gross building area is 316,447 square feet and the land area is 549,274 square feet for this Apartment Garden (1 - 4 stories) built in 2017.

Legal description: Colorado Place Apartments Blk A/4689 Pt Lot 1 Acs 12.6096 Int202400158757 Dd08072024 Co-Dc 4689 00A 00100 8Da4689 00A

$80,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,634

Avg Rent

Property Image of 2400 Fort Worth Ave, Dallas, TX 75211, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area316,447

Land Size549,274

Land Value$6,591,290

Improved Value$73,408,710

Total Assessed Value$80,000,000

Year Built2017

County NameDallas

Account Number004689000A0010000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Roof TypeGable or hip

Type ConstructionFrame

No of Stories3

Garage TypeCovered Parking/Carport,Attached Garages

BasementNo basement

Bedrooms21

Bathrooms19

PatioAvailable

Access Gates1

Shuttle Route1

Jogging Trail1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Furnished Units1

Walk-in Closets1

Perimeter Fence1

School Bus Pickup1

Park Ride Nearby1

Emergency Maintenance1

Self Clean Ovens1

Granite Countertops1

Steel Appliances1

Number of Units299

Exterior WallsBrick

Sales History

8/7/2024

Arms-lengthNot Disclosed

Buyer

Dhfc Axis Kessler Park Landowner Llc

Seller

Axis Kessler Park Holdco Lp

Book Number

2024.158757

Recording Date

8/7/2024

Transaction Details

Dhfc Axis Kessler Park Landowner Llc acquired the property from Axis Kessler Park Holdco Lp through a Arms-length transaction on 8/7/2024 for .

8/7/2024

Arms-length$37,218,500

Buyer

Axis Kessler Park Holdco Lp

Seller

Bes Kessler Park Fund Xii Llc

Book Number

2024.158756

Recording Date

8/7/2024

Transaction Details

Axis Kessler Park Holdco Lp acquired the property from Bes Kessler Park Fund Xii Llc through a Arms-length transaction on 8/7/2024 for $37,218,500.

1/2/2023

Arms-lengthNot Disclosed

Buyer

Dallas Kessler Park Village Llc

Seller

Dallas Kessler Park Ltd

Book Number

2023.442

Recording Date

1/2/2023

Transaction Details

Dallas Kessler Park Village Llc acquired the property from Dallas Kessler Park Ltd through a Arms-length transaction on 1/2/2023 for .

1/5/2021

Arms-length$40,593,800

Buyer

Bes Kessler Park Fund Xii Llc

Seller

Lincoln Colorado Place Llc

Book Number

2021.2688

Recording Date

1/5/2021

Transaction Details

Bes Kessler Park Fund Xii Llc acquired the property from Lincoln Colorado Place Llc through a Arms-length transaction on 1/5/2021 for $40,593,800.

4/15/2016

Arms-lengthNot Disclosed

Buyer

Dallas Kessler Park Ltd

Seller

Cienda Partners Lp

Book Number

201600098733

Recording Date

4/15/2016

Transaction Details

Dallas Kessler Park Ltd acquired the property from Cienda Partners Lp through a Arms-length transaction on 4/15/2016 for .

4/13/2016

Arms-length$45,000,400

Buyer

Lincoln Colorado Place Llc

Seller

Cpif Investors 1 Lp

Book Number

2016.98755

Recording Date

4/13/2016

Transaction Details

Lincoln Colorado Place Llc acquired the property from Cpif Investors 1 Lp through a Arms-length transaction on 4/13/2016 for $45,000,400.

4/8/2015

ForeclosureNot Disclosed

Buyer

Trinity Capital Bank Of Texas

Seller

Cienda Partners Lp

Book Number

201500087265

Recording Date

4/8/2015

Transaction Details

Trinity Capital Bank Of Texas acquired the property from Cienda Partners Lp through a Foreclosure transaction on 4/8/2015 for .

3/17/2010

ForeclosureNot Disclosed

Buyer

First National Bank

Seller

Bankers Firstsource Llc

Book Number

201000065225

Recording Date

3/17/2010

Transaction Details

First National Bank acquired the property from Bankers Firstsource Llc through a Foreclosure transaction on 3/17/2010 for .

1/18/2007

Arms-length$15,075,300

Buyer

La Reunion Towncenter Llc

Seller

Colorado Place Partners Lp

Book Number

2007.25939

Recording Date

1/18/2007

Transaction Details

La Reunion Towncenter Llc acquired the property from Colorado Place Partners Lp through a Arms-length transaction on 1/18/2007 for $15,075,300.

4/30/1998

Other$4,750,000

Buyer

Seller

Book Number

Recording Date

4/30/1998

Transaction Details

acquired the property from through a Other transaction on 4/30/1998 for $4,750,000.

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

8/7/2024

New construction residential transactions$36,850,000

Borrower

Lender

Walker & Dunlop Llc

Book Number

2024.159485

Recording Date

8/7/2024

Transaction Details

borrowed the property from Walker & Dunlop Llc through a New construction residential transactions transaction on 8/7/2024 for $36,850,000.

1/5/2021

Helocs both purchase money and non purchase money helocs$32,475,000

Borrower

Bes Kessler Park Fund Xii Llc

Lender

Nationwide Life Insurance Company

Book Number

2021.2690

Recording Date

1/5/2021

Transaction Details

Bes Kessler Park Fund Xii Llc borrowed the property from Nationwide Life Insurance Company through a Helocs both purchase money and non purchase money helocs transaction on 1/5/2021 for $32,475,000.

4/13/2016

Sale$36,000,300

Borrower

Lincoln Colorado Place Llc

Lender

Plainscapital Bank

Book Number

2016.98757

Recording Date

4/13/2016

Transaction Details

Lincoln Colorado Place Llc borrowed the property from Plainscapital Bank through a transaction on 4/13/2016 for $36,000,300.

6/24/2009

Sale$1,000,000

Borrower

La Reunion Towncenter Llc

Lender

City Of Dallas

Book Number

2009.298337

Recording Date

6/24/2009

Transaction Details

La Reunion Towncenter Llc borrowed the property from City Of Dallas through a transaction on 6/24/2009 for $1,000,000.

1/18/2007

Sale$12,060,260

Borrower

La Reunion Towncenter Llc

Lender

First National Bank

Book Number

Recording Date

1/18/2007

Transaction Details

La Reunion Towncenter Llc borrowed the property from First National Bank through a transaction on 1/18/2007 for $12,060,260.

Property constructed in 2017

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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	$6,591,290	$84,901,270	$91,492,560	$91,492,560	Dhfc Axis Kessler Pa...	1500 Marilla St Rm 6...	Colorado Place Apart...	1DSK06	-	549,274	316,447
2025	$6,591,290	$73,408,710	$80,000,000	$80,000,000	Dhfc Axis Kessler Pa...	Landowner Llc 1500 M...	Colorado Place Apart...	1DSK06	Colorado Place Apart...	549,274	316,447
2024	$6,591,290	$59,508,710	$66,100,000	$66,100,000	Bes Kessler Park Fun...	400 Skokie Blvd Ste ...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	450,472
2023	$6,591,290	$51,908,710	$58,500,000	$58,500,000	Bes Kessler Park Fun...	Et Al % Benj E Sherm...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	450,472
2022	$7,552,520	$45,947,480	$53,500,000	$53,500,000	Bes Kessler Park Fun...	400 Skokie Blvd Ste ...	Colorado Place Apart...	1DSK06	-	549,274	450,472
2021	$7,552,520	$39,447,480	$47,000,000	$47,000,000	Bes Kessler Park Fun...	Et Al % Benj E Sherm...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	450,472
2020	$7,552,520	$39,297,480	$46,850,000	$46,850,000	Lincoln Colorado Pla...	Ste 1000, 2000 Mckin...	Colorado Place Apart...	1DSK06	-	549,274	450,472
2019	$7,552,520	$35,491,930	$43,044,450	$43,044,450	Lincoln Colorado Pla...	Ste 1000, 2000 Mckin...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	450,472
2018	$7,552,520	$32,239,850	$39,792,370	$39,792,370	Lincoln Colorado Pla...	Ste 1000, 2000 Mckin...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	450,472
2017	$7,552,520	-	$7,552,520	$7,552,520	Lincoln Colorado Pla...	Ste 1000, 2000 Mckin...	Colorado Place Apart...	1DSK06	COLORADO PLACE APART...	549,274	-

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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 ↕
2400 Fort Worth Ave, Dallas, TX 75211	004689000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Dhfc Axis Kessler Park	Dallas	-	$ 37,218,500	2024-08-07	$ 117.61	2017	316,447	299
305 W Commerce St, Dallas, TX 75208	006821000A0010000	Apartments	Apartment Garden (1 - 4 stories)	305 West Commerce Llc	Dallas	2.2	$ 50,646,400	2025-08-26	$ 168.54	2016	300,500	308
111 Morgan Ave, Dallas, TX 75203	003413000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Beckley Oz Holdings Llc	Dallas	2.3	$ 64,837,500	2025-05-01	$ 252.61	2022	256,675	340
4123 Cedar Springs Rd, Dallas, TX 75219	001502000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Cedar Springs I Llc &	Dallas	4.6	$ 158,381,617	2025-07-02	$ 544.83	2008	290,699	324
1531 Inspiration Dr, Dallas, TX 75207	001226000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Inspiration Dallas Llc	Dallas	3.5	$ 59,850,000	2025-11-11	$ 165.07	2008	362,566	309
835 S Good Latimer Expy, Dallas, TX 75226	000157000301A0000	Apartments	Apartment Garden (1 - 4 stories)	Spi Good Latimer 340 De Llc &	Dallas	4.6	$ 47,893,300	2025-07-21	$ 127.66	2015	375,159	340
915 S Harwood St, Dallas, TX 75201	000120000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	La Villa Housing Finance Corp	Dallas	4.2	$ 66,566,500	2025-03-13	$ 206.97	2017	321,630	297
1001 Ross Ave, Dallas, TX 75202	00021200100010000	Apartments	Apartment Garden (1 - 4 stories)	Cc Meyer Properties Llc	Dallas	3.6	$ 31,681,930	2025-02-26	$ 142.34	2003	222,581	204
2217 Ivan St, Dallas, TX 75201	000998000102A0000	Apartments	Apartment Garden (1 - 4 stories)	Windsor At Turtle Creek Lp	Dallas	4.0	$ 110,872,125	2025-01-21	$ 238.11	1998	465,635	331
2626 Throckmorton St, Dallas, TX 75219	001341003804A0000	Apartments	Apartment Garden (1 - 4 stories)	2626 Throckmorton Lp	Dallas	4.3	$ 47,880,000	2024-09-10	$ 124.51	2017	384,550	340
2727 Live Oak St, Dallas, TX 75204	00C23000000RESI00	Apartments	Apartment Garden (1 - 4 stories)	Bvfv Gabriella Owner Lp	Dallas	4.7	$ 99,750,000	2024-08-14	$ 198.82	2018	501,699	349

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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 ↕
—	2400 Fort Worth Ave, Dallas, TX 75211	—	-	549,274	2017	316,447	$ 80,000,000	$ 6,591,290	-
City National Bank	2522 Fort Worth Ave, Dallas, TX 75211	08/07/2025	$ 25,000,000	256,481	2009	211,022	$ 27,800,000	$ 3,077,770
Cllm Resi Purchaser Trust	104 S Windomere Ave, Dallas, TX 75208	06/26/2025	$ 1,575,000	14,963	1924	7,000	$ 1,300,000	$ 375,000	Pccv 3 Llc
Northmarq Capital Llc	333 E Greenbriar Ln, Dallas, TX 75203	06/17/2025	$ 11,534,000	133,860	2013	139,849	$ 27,000,000	$ 6,693,000	Oaks Trinity Llc
Lamar National Bank	618 W 9th St, Dallas, TX 75208	02/06/2025	$ 984,999	9,383	2023	4,070	$ 1,182,408	$ 469,150	Ba District Venture Llc
Arbor Agency Lending Llc	609 N Lancaster Ave, Dallas, TX 75203	01/23/2025	$ 2,261,000	18,375	1959	14,280	$ 2,955,620	$ 551,250	609 N Lancaster Llc
Argentic Real Estate Inv 2 Llc	1710 N Beckley Ave, Dallas, TX 75203	12/20/2024	$ 43,000,000	21,750	2022	275,209	$ 44,760,570	$ 696,000
Arbor Private Label Llc	660 Yorktown St, Dallas, TX 75208	12/18/2024	$ 27,650,000	265,847	2015	186,918	$ 43,450,000	$ 10,633,880	Infinity Yorktown Property Llc
Integrity Life Insurance Co	111 W Davis St, Dallas, TX 75208	12/10/2024	$ 44,000,000	118,657	2017	325,053	$ 72,909,720	$ 5,932,850	Bg 16bishop Arts Property Own
Pnc Bank National Association	1520 N Beckley Ave, Dallas, TX 75203	11/26/2024	$ 29,630,000	713,940	2001	428,759	$ 59,500,000	$ 35,697,000	Kessler Peak Limited Partnersh
Keybank National Association	1401 N Zang Blvd, Dallas, TX 75203	11/26/2024	$ 24,952,000	605,528	2003	290,902	$ 61,950,000	$ 30,276,400	Founders Peak Limited Partners

Mean$ 15,788,327

Median$ 12,975,000.0

Loan Amount Range$ 250,000 - $ 44,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2400 FORT WORTH AVE, DALLAS, TX 75211-1718	LPC CONTRACTORS OF TEXAS	4699309336	GENERAL CONTRACTORS

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License Details

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