5402 Fm 1488 Rd, Magnolia, TX 77355 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2013Total Assessed Value $74,493,421County Montgomery

Property Details

The Apartments property 5402 Fm 1488 Rd, Magnolia, TX 77355 is located in Montgomery County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $74,493,421.

The gross building area is 392,613 square feet and the land area is 842,755 square feet for this Apartment Garden (1 - 4 stories) built in 2013.

Legal description: N/A

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,482

Avg Rent

Property Image of 5402 Fm 1488 Rd, Magnolia, TX 77355, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area392,613

Land Size842,755

Land Value$0

Improved Value$0

Total Assessed Value$74,493,421

Year Built2013

County NameMontgomery

Account NumberR54015

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Garage TypeDetached Garages,Covered Parking/Carport

PatioAvailable

Access Gates1

Business Center1

Walk-in Closets1

Sales History

2/25/2025

Arms-lengthNot Disclosed

Buyer

Woodland Landings Apartments Leasehold Lp

Seller

Ht Magnolia Owner Lp

Book Number

2025.21710

Recording Date

2/25/2025

Transaction Details

Woodland Landings Apartments Leasehold Lp acquired the property from Ht Magnolia Owner Lp through a Arms-length transaction on 2/25/2025 for .

12/15/2021

Arms-length$63,937,500

Buyer

Ht Magnolia Owner Lp

Seller

Magnolia Apartments Of Texas Llc

Book Number

172435

Recording Date

12/15/2021

Transaction Details

Ht Magnolia Owner Lp acquired the property from Magnolia Apartments Of Texas Llc through a Arms-length transaction on 12/15/2021 for $63,937,500.

1/20/2015

Arms-lengthNot Disclosed

Buyer

Magnolia Apartments Of Texas Llc

Seller

Landmark Of Magnolia Llc

Book Number

2015.8592

Recording Date

1/20/2015

Transaction Details

Magnolia Apartments Of Texas Llc acquired the property from Landmark Of Magnolia Llc through a Arms-length transaction on 1/20/2015 for .

8/17/2012

Arms-length$1,850,000

Buyer

Landmark Of Magnolia Llc

Seller

Hausler And Hudson

Book Number

2012.94370

Recording Date

8/17/2012

Transaction Details

Landmark Of Magnolia Llc acquired the property from Hausler And Hudson through a Arms-length transaction on 8/17/2012 for $1,850,000.

7/15/2008

Arms-lengthNot Disclosed

Buyer

Magnolia Apartments Of Texas Llc

Seller

Levee, Patrick R & Virginia

Book Number

2009083520

Recording Date

7/15/2008

Transaction Details

Magnolia Apartments Of Texas Llc acquired the property from Levee, Patrick R & Virginia through a Arms-length transaction on 7/15/2008 for .

8/18/1992

Arms-lengthNot Disclosed

Buyer

Levee, Patrick R & Virginia

Seller

Lutheran Church

Book Number

815.001/1239

Recording Date

8/18/1992

Transaction Details

Levee, Patrick R & Virginia acquired the property from Lutheran Church through a Arms-length transaction on 8/18/1992 for .

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

12/15/2021

Sale$5,115,000

Borrower

Ht Magnolia Owner Lp

Lender

Canadian Imperial Bank Of Commerce Agent

Book Number

172436

Recording Date

12/15/2021

Transaction Details

Ht Magnolia Owner Lp borrowed the property from Canadian Imperial Bank Of Commerce Agent through a transaction on 12/15/2021 for $5,115,000.

11/23/2016

Sale$90,000

Borrower

Stitt Randy

Lender

Round Top State Bank

Book Number

2016 5926

Recording Date

11/23/2016

Transaction Details

Stitt Randy borrowed the property from Round Top State Bank through a transaction on 11/23/2016 for $90,000.

Property constructed in 2013

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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	$7,740,753	$66,693,845	$74,434,598	$74,434,598	Pleasanton Housing F...	108 Second St	A0546 - Taylor Thoma...	2152.C	A0546	842,755	392,613
2025	-	-	$74,493,421	-	-	-	-	-	-	842,755	392,613
2024	$7,740,753	$54,259,247	$62,000,000	$62,000,000	Ht Magnolia Owner Lp	675 Bering Dr Ste 86...	A0546 - Taylor Thoma...	2152.C	A0546	842,755	392,613
2023	$7,740,750	$49,759,250	$57,500,000	$57,500,000	Ht Magnolia Owner Lp	675 Bering Dr, Ste 8...	A0546 - Taylor Thoma...	2152.C	-	842,755	392,613
2022	$7,740,750	$46,305,020	$54,045,770	$54,045,770	Ht Magnolia Owner Lp	675 Bering Dr, Ste 8...	A0546 - Taylor Thoma...	2152.C	TAYLOR THOMAS	842,755	392,613
2021	$7,740,750	$21,642,590	$29,383,340	$29,383,340	Magnolia Apartments ...	113 Park Circle Dr	A0546 - TAYLOR THOMA...	.C	TAYLOR THOMAS	842,755	3,381
2020	$2,322,230	$23,677,770	$26,000,000	$26,000,000	Magnolia Apartments ...	113 Park Circle Dr	A0546 - Taylor Thoma...	2152.C	-	842,755	392,613
2019	$2,322,230	$23,677,770	$26,000,000	$26,000,000	Magnolia Apartments ...	113 Park Circle Dr	A0546 - Taylor Thoma...	2152.C	-	842,755	392,613
2018	$2,322,230	$23,677,770	$26,000,000	$26,000,000	Magnolia Apartments ...	113 Park Circle Dr	A0546 - Taylor Thoma...	2152.C	TAYLOR THOMAS	842,755	392,613
2017	$4,008,480	$17,382,520	$21,391,000	$21,391,000	Magnolia Apartments ...	113 Park Circle Dr	A0546 - Taylor Thoma...	2152.C	TAYLOR THOMAS	842,755	392,613

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Showing 1 to 10 of 18 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 ↕
5402 Fm 1488 Rd, Magnolia, TX 77355	R54015	Apartments	Apartment Garden (1 - 4 stories)		Montgomery	-	$ 63,937,500	2021-12-15	$ 162.85	2013	392,613	-
8627 Hufsmith Rd 380, Tomball, TX 77375	1329960010005	Apartments	Apartment Garden (1 - 4 stories)	Corteen Spring Creek Llc Etal Francis Proeprty Management	Harris	6.7	$ 53,200,000	2025-11-12	$ 129.98	2013	409,309	380
455 Wildwood Forest Dr, Spring, TX 77380	R41058	Apartments	Apartment Garden (1 - 4 stories)	Renergize Wildwood Forest Lp	Montgomery	9.5	$ 43,167,810	2025-01-24	$ 154.98	1997	278,533	252
21901 Gosling Rd Ste 189 Ste189, Spring, TX 77389	1445240010001	Apartments	Apartment Garden (1 - 4 stories)	Cc Gosling Mf Ii Lp	Harris	10.3	$ 31,920,000	2025-07-30	$ 132.39	2021	241,113	189
16112 N Fwy 372, Houston, TX 77090	1309180010003	Apartments	Apartment Garden (1 - 4 stories)	Life At Springs Estates Property,owner Llc Etal	Harris	17.2	$ 56,275,000	2024-11-05	$ 134.76	2008	417,597	372
2211montgomeryparkblvd, Conroe, TX 77304	R123857	Apartments	Apartment Garden (1 - 4 stories)	Ffp Conroe Llc & Mca Conroe Tic Llc & 1420 Conroe Tic Llc	Montgomery	8.4	$ 29,103,060	2025-05-29	$ 166.95	2016	174,324	456
5959 Fm 1960 Rd W Ste 404 Ste404, Houston, TX 77066	1182410010001	Apartments	Apartment Garden (1 - 4 stories)	5959 Cypress Houston Llc	Harris	17.6	$ 49,542,500	2025-07-08	$ 116.99	1995	423,472	404
12202 Huffmeister Rd 240, Cypress, TX 77429	1461090010001	Apartments	Apartment Garden (1 - 4 stories)	Crp Ar Prose Huffmeister Owner Lp	Harris	19.7	$ 33,211,430	2024-06-28	$ 150.13	2022	221,214	240
9387 Fm 1960 Bypass Rd W 229, Humble, TX 77338	1324640010002	Apartments	Apartment Garden (1 - 4 stories)	Willowbend Fm 1960 Ltd	Harris	21.9	$ 27,876,000	2025-05-22	$ 128.47	2018	216,978	229
7703 Seton Lake Dr 232, Houston, TX 77086	1151980000004	Apartments	Apartment Garden (1 - 4 stories)	Roark Sonoma Llc	Harris	20.9	$ 16,589,090	2024-05-30	$ 109.80	1983	151,080	232
25710 Loop 494, Kingwood, TX 77339	R432360	Apartments	Apartment Garden (1 - 4 stories)	Houston Housing Authority	Montgomery	21.3	$ 54,542,500	2025-04-07	$ 165.84	2014	328,887	264

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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 ↕
—	5402 Fm 1488 Rd, Magnolia, TX 77355	—	-	842,755	2013	392,613	$ 74,493,421	-	-
Greystone Servicing Co Llc	2111 Old Holzwarth Rd, Spring, TX 77388	09/11/2025	$ 36,660,000	1,230,700	2011	341,961	$ 47,642,646	$ 7,642,968	2111 Waterstone Limited Partne
Lument Real Estate Capital Llc	223 David Vetter, Shenandoah, TX 77385	06/01/2025	$ 47,758,500	113,944	2014	72,696	$ 13,251,934	$ 1,709,160	Woodlofts Shenandoah Ltd
Areeif Lender S Llc	171 Town Park Dr, Conroe, TX 77304	05/29/2025	$ 50,000,000	626,350	2021	353,247	$ 53,000,000	$ 4,198,500	Hpi Grand Central Llc
Amp Shc Mortgage Lender Llc	1110 Graham Dr, Tomball, TX 77375	05/06/2025	$ 24,000,000	361,125	1979	179,083	$ 22,393,342	$ 2,145,265	1100 Graham Dr Delaware Llc
Capital Fund I Llc	15488 Pin Oak Dr, Conroe, TX 77384	05/01/2025	$ 18,000,000	147,712	2022	106,678	$ 5,052,039	$ 886,272	Pinoak One Apartments Llc
Bokf National Association	7515 Spring Stuebner Rd, Spring, TX 77379	04/25/2025	$ 31,400,000	675,877	2019	379,180	$ 61,649,333	$ 6,758,770
M&t Realty Capital Corporation	915 Baker Dr, Tomball, TX 77375	04/21/2025	$ 11,081,000	305,791	1984	146,990	$ 18,394,070	$ 1,376,060	Ve Baker Llc
Reeder Real Estate Lp	925 Dr Martin Luther King Jr Pl UnitS, Conroe, TX 77301	04/11/2025	$ 400,000	32,000	1966	11,996	$ 564,000	$ 96,000	Sg Lone Star Enterprises Llc
Jll Real Estate Capital Llc	455 Wildwood Forest Dr, Spring, TX 77380	01/24/2025	$ 32,457,000	644,035	1997	278,533	$ 42,500,000	$ 5,152,280	Renergize Wildwood Forest Lp
Berkeley Point Capital Llc	6900 Lake Woodlands Dr, The Woodlands, TX 77382	01/14/2025	$ 37,330,000	591,240	2004	289,611	$ 45,499,999	$ 7,094,879	Asr Bollhoffer Llc

Mean$ 52,937,591

Median$ 27,400,000.0

Loan Amount Range$ 300,000 - $ 631,500,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
5402 FM 1488 RD APT 225, MAGNOLIA, TX 77354-3546	IRON PRESS CLEANERS LAUNDRY	2144439936	CLEANERS
5402 FM 1488 RD APT 322, MAGNOLIA, TX 77354-3555	RANGER RESURACE	8325456415	SANDBLASTING
5402 FM 1488 RD APT 225, MAGNOLIA, TX 77354-3546	IRON PRESS CLEANERS & LAUNDRY	2144439936	FEDERAL GOVERNMENT CONTRACTORS
5402 FM 1488 RD APT 322, MAGNOLIA, TX 77354-3555	RANGER RESURACE	8325456415	BLAST CLEANING EQUIPMENT MANUFACTURERS
5402 FM 1488 RD, MAGNOLIA, TX 77354-3583	LANDMARK OF MAGNOLIA	9362318539	NONCLASSIFIED ESTABLISHMENTS

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License Details

License Number

32093346248

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

1/24/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	TEXAS LEATHER DESIGN, LLC
	Address Line	5402 fm 1488 rd apt 816
	City / State / Zip	magnolia TX 77354
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48339
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77354
Registration Details	SOS Code

License Timeline

License Issued

1/24/2024

Currently Active

Status: -

Renewal Required

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