1000 Farrah Ln, Stafford, TX 77477 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2003Total Assessed Value $71,820,517County Fort Bend

Property Details

The Apartments property 1000 Farrah Ln, Stafford, TX 77477 is located in Fort Bend County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $71,820,517.

The gross building area is 402,481 square feet and the land area is 906,484 square feet for this Apartment Garden (1 - 4 stories) built in 2003.

Legal description: Colony Lake Estates Sec 1, Acres 20.810, Unrestricted Reserve 'A'

$71,820,517

Market Value

8.00%

Cap Rate

2823055

NOI

95%

Occupancy

$1,564

Avg Rent

Property Image of 1000 Farrah Ln, Stafford, TX 77477, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area402,481

Land Size906,484

Land Value$2,889,968

Improved Value$68,930,549

Total Assessed Value$71,820,517

Year Built2003

County NameFort Bend

Account NumberR293001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Wood Burning

HeatingCentral

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Roof TypeGable

Type ConstructionOther

Garage TypeCovered Parking/Carport,Detached Garages

Bathrooms9

PatioAvailable

Access Gates1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Perimeter Fence1

Emergency Maintenance1

Self Clean Ovens1

Number of Units420

Exterior WallsWood

Sales History

6/23/2015

Arms-length$49,250,000

Buyer

Vr Colony Lakes Holdings, Lp

Seller

Creekside Colony Lakes Llc

Book Number

2015068365

Recording Date

6/23/2015

Transaction Details

Vr Colony Lakes Holdings, Lp acquired the property from Creekside Colony Lakes Llc through a Arms-length transaction on 6/23/2015 for $49,250,000.

7/6/2006

Arms-lengthNot Disclosed

Buyer

Vr Colony Lakes Holdings Limited Partnership

Seller

Fairfield Brand Road Limited Partnership

Book Number

2006083788

Recording Date

7/6/2006

Transaction Details

Vr Colony Lakes Holdings Limited Partnership acquired the property from Fairfield Brand Road Limited Partnership through a Arms-length transaction on 7/6/2006 for .

7/6/2006

Arms-length$36,500,000

Buyer

Fairfield Residential

Seller

Fairfield Brand Road Lp

Book Number

2006083788

Recording Date

7/6/2006

Transaction Details

Fairfield Residential acquired the property from Fairfield Brand Road Lp through a Arms-length transaction on 7/6/2006 for $36,500,000.

7/6/2006

Arms-lengthNot Disclosed

Buyer

Vr Colony Lakes Holdings Limited Partnership

Seller

Fairfield Brand Road Limited Partnership

Book Number

2006.83788

Recording Date

7/6/2006

Transaction Details

Vr Colony Lakes Holdings Limited Partnership acquired the property from Fairfield Brand Road Limited Partnership through a Arms-length transaction on 7/6/2006 for .

Property constructed in 2003

YSale Price (USD) byXSales Year

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Mortgage History

4/21/2022

Arms length residential transactions purchase or resales$11,530,000

Borrower

Yr Colony Lakes Holdings Limit

Lender

Cbre Capital Markets Inc

Book Number

2022.55666

Recording Date

4/21/2022

Transaction Details

Yr Colony Lakes Holdings Limit borrowed the property from Cbre Capital Markets Inc through a Arms length residential transactions purchase or resales transaction on 4/21/2022 for $11,530,000.

Property constructed in 2003

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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	$2,889,968	$71,892,077	$74,782,045	$74,782,045	Vr Colony Lakes Hold...	1725 16th Avenue Sui...	Colony Lake Estates ...	comm	2604-01	906,484	402,481
2025	$2,889,968	$68,930,549	$71,820,517	$71,820,517	Vr Colony Lakes Hold...	1725 16th Avenue Sui...	Colony Lake Estates ...	Comm	2604-01	906,484	402,481
2024	$2,889,968	$49,121,969	$52,011,937	$52,011,937	Vr Colony Lakes Hold...	1725 16th Avenue Sui...	Colony Lake Estates ...	comm	2604-01	906,484	402,481
2023	$2,889,968	$49,887,032	$52,777,000	$52,777,000	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm115	2604-01	906,484	402,481
2022	$2,889,970	$38,610,030	$41,500,000	$41,500,000	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm115	2604-01	906,484	402,481
2021	$2,889,970	$34,360,030	$37,250,000	$37,250,000	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm115	2604-01	906,484	402,481
2020	$1,915,660	$36,680,990	$38,596,650	$38,596,650	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm	2604-01	906,484	109,083
2019	$1,915,660	$33,154,340	$35,070,000	$35,070,000	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm	2604-01	906,484	109,083
2018	$1,915,660	$35,452,010	$37,367,670	$37,367,670	Vr Colony Lakes Hold...	1725 16th Avenue-sui...	Colony Lake Estates ...	comm	2604-01	906,484	109,083
2017	$1,915,660	$34,929,020	$36,844,680	$36,844,680	Vr Colony Lakes Hold...	711 W Bay Area Blvd,...	Colony Lake Estates ...	907AQA	2604-01	906,484	429,648

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Showing 1 to 10 of 17 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 ↕
1000 Farrah Ln, Stafford, TX 77477	R293001	Apartments	Apartment Garden (1 - 4 stories)	Vr Colony Lakes Holdings Limited Partnership	Fort Bend	-	$ 49,250,000	2015-06-23	$ 122.37	2003	402,481	420
9802 Forum Park Dr 708, Houston, TX 77036	1121370000013	Apartments	Apartment Garden (1 - 4 stories)	Westwood Houston Owner Llc	Harris	4.5	$ 83,147,700	2025-05-08	$ 132.48	1979	627,632	708
10201 Harwin Dr 340, Houston, TX 77036	1052570000010	Apartments	Apartment Garden (1 - 4 stories)	Bng Apartments Inc	Harris	7.6	$ 17,489,500	2025-01-22	$ 59.37	1976	294,582	340
15000 W Airport Blvd, Sugar Land, TX 77498	R302075	Apartments	Apartment Garden (1 - 4 stories)	Cep Sugar Land De Llc	Fort Bend	5.1	$ 65,982,500	2025-04-10	$ 183.22	2004	360,130	288
8901 Bissonnet St 268, Houston, TX 77074	1051770000001	Apartments	Apartment Garden (1 - 4 stories)	B & E Apartments Llc	Harris	5.2	$ 22,046,080	2025-11-25	$ 82.29	1974	267,900	268
4040 Synott Rd Ste255, Houston, TX 77082	1152040000020	Apartments	Apartment Garden (1 - 4 stories)	Mnt Oaks Of Ashford Llc Et Al	Harris	7.6	$ 16,425,500	2025-05-19	$ 68.67	1983	239,179	255
7302 Corporate Dr Ste302, Houston, TX 77036	1104060000002	Apartments	Apartment Garden (1 - 4 stories)	L & Yz Llc Attn Richard Cook	Harris	6.3	$ 14,630,000	2025-06-27	$ 59.73	1981	244,954	302
11805 Meadowglen Ln Ste 104 Ste104, Houston, TX 77082	1329560010001	Apartments	Apartment Garden (1 - 4 stories)	Camden Property Trust	Harris	8.5	$ 54,530,000	2025-07-30	$ 148.46	2005	367,309	104
2600 Westhollow Dr 323, Houston, TX 77082	1232640010001	Apartments	Apartment Garden (1 - 4 stories)	Parkland Scg Llc	Harris	9.3	$ 35,018,800	2024-09-18	$ 83.38	2003	419,988	323
21811 Wildwood Park Rd, Richmond, TX 77469	R331334	Apartments	Apartment Garden (1 - 4 stories)	Ht River Park Owner Lp	Fort Bend	9.0	$ 43,722,420	2025-03-14	$ 99.06	2006	441,365	252
12900 Shadow Creek Pkwy, Pearland, TX 77584	691538	Apartments	Apartment Garden (1 - 4 stories)	Crp Rpm Shadow Creek Owner Lp	Brazoria	9.8	$ 51,471,000	2024-12-12	$ 184.30	2021	279,279	276

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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 ↕
—	1000 Farrah Ln, Stafford, TX 77477	—	-	906,484	2003	402,481	$ 71,820,517	$ 2,889,968	-
Regions Bank	7000 Fonvilla St, Houston, TX 77074	09/02/2025	$ 19,110,000	180,948	1972	289,664	$ 18,502,198	$ 1,628,532	Bkj Apartments Llc
Susbar Inc	11735 S Glen Dr, Houston, TX 77099	08/07/2025	$ 800,000	427,323	1982	211,146	$ 22,958,424	$ 1,495,631	Falls Of Kirkwood Lp
Starwood Mortgage Capital Llc	9290 Woodfair Dr, Houston, TX 77036	08/05/2025	$ 25,650,000	295,332	1978	187,288	$ 13,054,072	$ 2,362,656	Apt Leawood Plaza Llc
Four Seasons Food Inc	13188 W Bellfort Ave, Houston, TX 77099	07/29/2025	$ 300,000	313,120	2020	62,496	$ 9,594,015	$ 548,733	13188 West Bellfort Llc
Greystone Servicing Co Llc	11100 Braesridge Dr, Houston, TX 77071	06/30/2025	$ 31,355,000	729,221	1980	434,744	$ 34,770,940	$ 2,552,274	Braesridge Houston Llc
Greystone Servicing Co Llc	11100 Braesridge Dr, Houston, TX 77071	06/30/2025	$ 30,772,000	729,221	1980	434,744	$ 34,770,940	$ 2,552,274	-
L&yz Llc	7302 Corporate Dr Ste302, Houston, TX 77036	06/27/2025	$ 11,000,000	442,696	1981	244,954	$ 16,778,443	$ 3,098,872	Rubicon Arowana Llc
Greystone Servicing Co Llc	11100 Braesridge Dr, Houston, TX 77071	06/19/2025	$ 30,772,000	729,221	1980	434,744	$ 34,770,940	$ 2,552,274	Braesridge Houston Llc
Bi 105 Llc	5330 Sienna Pkwy, Missouri City, TX 77459	06/18/2025	$ 40,500,000	690,949	2019	263,193	$ 39,960,556	$ 3,551,672	Orion Ravella Property De Llc
Arbor Ch Funding Llc	9802 Forum Park Dr, Houston, TX 77036	05/08/2025	$ 66,518,170	1,050,784	1979	627,632	$ 70,753,247	$ 12,609,408	Edcouch Community Housing Finance Corporation

Mean$ 18,250,866

Median$ 8,827,500.0

Loan Amount Range$ 140,000 - $ 66,518,170

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1000 FARRAH LN, STAFFORD, TX 77477-4589	UNITED HEALTH GROUP	2812619193	HEALTH SERVICES
1000 FARRAH LN APT 1732, STAFFORD, TX 77477-6055	ADVANCED AUTOMOTIVE CUSTOMS	8328991358	AUTOMOBILE BODY-REPAIRING & PAINTING
1000 FARRAH LN APT 611, STAFFORD, TX 77477-6043	GHUNGAT USA LLC	2818889623	BOUTIQUE ITEMS-RETAIL
1000 FARRAH LN, STAFFORD, TX 77477-4589	PRESERVE AT COLONY LAKES	2814994007	APARTMENTS

Showing 1 to 4 of 4 entries

Tenant Industry Distribution

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License Details

License Number

32092799579

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

12/15/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	AAMIR WADOOD LLC
	Address Line	1000 farrah ln apt 1027
	City / State / Zip	stafford TX 77477
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48157
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77477
Registration Details	SOS Code

License Timeline

License Issued

12/15/2023

Currently Active

Status: -

Renewal Required

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