1 Waterway Ave, The Woodlands, TX 77380 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2009Total Assessed Value $80,000,000County Montgomery

Property Details

The Apartments property 1 Waterway Ave, The Woodlands, TX 77380 is located in Montgomery County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $80,000,000.

The gross building area is 468,633 square feet and the land area is 291,808 square feet for this Apartment High Rise (5+ stories) built in 2009.

Legal description: S972170 - Wdlnds Metro Center 70, Block 1, Lot 1, Acres 6.699

$80,000,000

Market Value

8.00%

Cap Rate

3791862

NOI

93%

Occupancy

$2,221

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area468,633

Land Size291,808

Land Value$8,754,240

Improved Value$71,245,760

Total Assessed Value$80,000,000

Year Built2009

County NameMontgomery

Account NumberR401848

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space613

HeatingForced air unit

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Type ConstructionFrame

Garage TypeParking Garage

Bathrooms14

PatioAvailable

Wood DeckAvailable

Storage RoomAvailable

Access Gates1

Walk-in Closets1

Granite Countertops1

Steel Appliances1

Refrigerator1

10ft Ceilings1

Number of Units393

Elevator

Exterior WallsBrick

Sales History

5/1/2012

Other$62,500,000

Buyer

Seller

Waterway Avenue Partners, Llc

Book Number

Recording Date

5/1/2012

Transaction Details

acquired the property from Waterway Avenue Partners, Llc through a Other transaction on 5/1/2012 for $62,500,000.

Property constructed in 2009

YSale Price (USD) byXSales Year

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Mortgage History

5/26/2022

Arms length residential transactions purchase or resales$51,000,000

Borrower

Waterway Ave Partners Llc

Lender

Nationwide Life Ins Co

Book Number

2022.67012

Recording Date

5/26/2022

Transaction Details

Waterway Ave Partners Llc borrowed the property from Nationwide Life Ins Co through a Arms length residential transactions purchase or resales transaction on 5/26/2022 for $51,000,000.

Property constructed in 2009

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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	$8,754,240	$72,606,990	$81,361,230	$81,361,230	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	S972170	291,808	468,633
2025	$8,754,240	$71,245,760	$80,000,000	$80,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	S972170	291,808	468,633
2024	$8,754,240	$72,245,760	$81,000,000	$81,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	S972170	291,808	468,633
2023	$8,754,240	$56,245,760	$65,000,000	$65,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	-	291,808	468,633
2022	$8,754,240	$51,245,760	$60,000,000	$60,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	WDLNDS METRO CENTER ...	291,808	468,633
2021	$5,836,160	$43,163,840	$49,000,000	$49,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	-	291,808	468,633
2020	$5,836,160	$43,163,840	$49,000,000	$49,000,000	Waterway Ave Partner...	C/o Property Tax Res...	S972170 - Wdlnds Met...	8133.C	-	291,808	468,633
2019	$5,836,160	$43,163,840	$49,000,000	$49,000,000	Waterway Ave Partner...	% Cushman & Wakefiel...	S972170 - Wdlnds Met...	8133.C	-	291,808	468,633
2018	$5,836,160	$42,163,840	$48,000,000	$48,000,000	Waterway Ave Partner...	% Cushman & Wakefiel...	S972170 - Wdlnds Met...	8133.C	WDLNDS METRO CENTER ...	291,808	468,633
2017	$5,836,160	$40,551,780	$46,387,940	$46,387,940	Waterway Ave Partner...	% Cushman & Wakefiel...	S972170 - Wdlnds Met...	8133.C	WDLNDS METRO CENTER ...	291,808	468,633

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Showing 1 to 10 of 16 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 ↕
1 Waterway Ave, The Woodlands, TX 77380	R401848	Apartments	Apartment High Rise (5+ stories)	Waterway Ave Partners Llc	Montgomery	-	$ 62,500,000	2012-05-01	$ 133.37	2009	468,633	393
1888 Brittmoore Rd 260, Houston, TX 77043	1147860000001	Apartments	Apartment High Rise (5+ stories)	Hammerly Brittmoore Apts Lp	Harris	24.9	$ 36,575,000	2025-05-08	$ 121.78	2023	300,348	260
641 W Crosstimbers St 327, Houston, TX 77018	1449360010001	Apartments	Apartment High Rise (5+ stories)	Garden Oaks Apartments Llc	Harris	23.2	$ 66,367,000	2025-11-19	$ 211.71	2022	313,481	327
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	29.1	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302
3100 Post Oak Blvd 272, Houston, TX 77056	1333620010001	Apartments	Apartment High Rise (5+ stories)	Broadstone Post Oak Owner Llc	Harris	29.4	$ 48,545,000	2024-06-12	$ 195.89	2013	247,815	272
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	30.0	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
12000 Barryknoll Ln Ste 333 Ste333, Houston, TX 77024	1383420010001	Apartments	Apartment High Rise (5+ stories)	Mnc Barryknoll Llc	Harris	26.7	$ 72,723,070	2025-08-05	$ 220.44	2017	329,894	333
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	26.3	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
2300 Mccue Rd 299, Houston, TX 77056	1184790000001	Apartments	Apartment High Rise (5+ stories)	T C Montecito Llc	Harris	28.6	$ 43,890,000	2025-09-17	$ 137.56	1996	319,072	299
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	28.5	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	25.5	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352

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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 ↕
—	1 Waterway Ave, The Woodlands, TX 77380	—	-	291,808	2009	468,633	$ 80,000,000	$ 8,754,240	-
Greystone Servicing Co Llc	12515 Barker Cypress Rd, Cypress, TX 77429	09/11/2025	$ 42,770,000	734,012	2013	347,340	$ 53,359,398	$ 11,010,180	12515 Prestige Cypress Limited
Regions Bank	3275 Summer St, Houston, TX 77007	08/06/2025	$ 29,092,000	101,743	2020	161,461	-	-	Dtc Ss Coop Llc
Keybank National Association	929 Westcott St, Houston, TX 77007	07/16/2025	$ 94,545,000	123,623	2019	432,689	$ 126,500,000	$ 6,304,773	Mpw Owner Lp
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
Synovus Bank	24770 Stowbridge Dr, Kingwood, TX 77339	05/30/2025	$ 45,300,000	591,675	2022	275,500	$ 52,000,000	$ 5,916,755	Dd Stowbridge Llc
Areeif Lender S Llc	15831 Yorktown Crossing Pky, Houston, TX 77084	05/27/2025	$ 50,000,000	133,076	2019	111,505	$ 18,553,835	$ 2,395,368	Hpi Yorktown Llc
Spt Real Estate Capital Llc	7655 Washington Ave, Houston, TX 77007	05/16/2025	$ 60,500,000	174,240	2019	324,709	$ 74,431,715	$ 4,356,000	-
Southside Bank	1888 Brittmoore Rd, Houston, TX 77043	05/08/2025	$ 27,500,000	265,507	2023	300,348	$ 53,107,533	$ 3,982,605	Hammerly Bp Owner Llc
Citibank Na	1120 Moy St, Houston, TX 77007	04/11/2025	$ 9,240,000	34,243	2021	150,400	$ 6,769,708	$ 2,739,440	Heritage Senior Residences Lp
Walker & Dunlop Llc	609 Waverly St, Houston, TX 77007	04/01/2025	$ 47,724,000	182,037	2019	241,675	-	-	Standard In The Heights Lp

Mean$ 67,143,519

Median$ 46,512,000.0

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

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1 WATERWAY AVE, SPRING, TX 77380-3449	RENRE ENERGY ADVISORS	8326639185	ENERGY MANAGEMENT SYSTEMS & PRODUCTS
1 WATERWAY AVE APT 1327, SPRING, TX 77380-3457	AFREN RESOURCES USA	2814662289	SERVICE STATIONS-GASOLINE & OIL
1 WATERWAY AVE APT 1314, SPRING, TX 77380-3456	TSO PROPERTIES	7132890499	REAL ESTATE
1 WATERWAY AVE, SPRING, TX 77380-3449	SYMETRA	8328135650	INSURANCE
1 WATERWAY AVE, SPRING, TX 77380-3449	CWS CORPORATE HOUSING	8322996147	HOUSING AUTHORITIES
1 WATERWAY AVE, SPRING, TX 77380-3449	CHART ENERGY & CHEMICALS INC	2817198426	CHEMICALS (WHLS)
1 WATERWAY AVE, SPRING, TX 77380-3449	CHART ENERGY CHEMICALS	2817198426	HEAT EXCHANGERS-MANUFACTURERS
1 WATERWAY AVE, SPRING, TX 77380-3449	MILLENNIUM WATERWAY	2813631363	OPERATORS OF APARTMENT BUILDINGS
1 WATERWAY AVE, SPRING, TX 77380-3449	NATIONAL CORPORATE HOUSING	2817195989	CORPORATE LODGING
1 WATERWAY AVE APT 1133, SPRING, TX 77380-3452	NATIONAL CORPORATE HOUSING	2816514343	CORPORATE LODGING

Showing 1 to 10 of 14 entries

Tenant Industry Distribution

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License Details

License Number

32092857393

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

12/16/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	CASTILLO RETAIL SOLUTIONS, LLC
	Address Line	1 waterway ave no 1359
	City / State / Zip	the woodlands TX 77380
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	77380
Registration Details	SOS Code	A

License Timeline

License Issued

12/16/2023

Currently Active

Status: -

Renewal Required

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