1550 Katy Gap Rd, Katy, TX 77494 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2012Total Assessed Value $72,584,544County Fort Bend

Property Details

The Apartments property 1550 Katy Gap Rd, Katy, TX 77494 is located in Fort Bend County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $72,584,544.

The gross building area is 532,900 square feet and the land area is 1,030,812 square feet for this Apartment Garden (1 - 4 stories) built in 2012.

Legal description: 0262 I And Gn Ry, Block 1, Acres 23.6642, Restricted Reserve 'A', Villas At Grand Parkway Apartments (22% In Ft Bend County)

$72,584,544

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,634

Avg Rent

Property Image of 1550 Katy Gap Rd, Katy, TX 77494, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area532,900

Land Size1,030,812

Land Value$8,246,500

Improved Value$64,338,044

Total Assessed Value$72,584,544

Year Built2012

County NameFort Bend

Account NumberR362144

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionOther

Garage TypeAttached Garages,Parking Garage

Bathrooms18

PatioAvailable

Access Gates1

Business Center1

9ft Ceilings1

Walk-in Closets1

Granite Countertops1

Number of Units384

Exterior WallsBrick veneer

Sales History

11/1/2016

Arms-length$3,284,200

Buyer

Pfj Southeast Llc

Seller

Speedway Llc A Delaware Limited Liabilit

Book Number

201660033132

Recording Date

11/1/2016

Transaction Details

Pfj Southeast Llc acquired the property from Speedway Llc A Delaware Limited Liabilit through a Arms-length transaction on 11/1/2016 for $3,284,200.

11/14/2012

Arms-length$41,625,000

Buyer

Gvk Apartments Llc

Seller

Parkway Partners Lp

Book Number

2012132246

Recording Date

11/14/2012

Transaction Details

Gvk Apartments Llc acquired the property from Parkway Partners Lp through a Arms-length transaction on 11/14/2012 for $41,625,000.

2/9/2007

Arms-lengthNot Disclosed

Buyer

Grand Parkway Partners Lp

Seller

Katy Ft Bend Houston Aip Iii Lp

Book Number

2007021236

Recording Date

2/9/2007

Transaction Details

Grand Parkway Partners Lp acquired the property from Katy Ft Bend Houston Aip Iii Lp through a Arms-length transaction on 2/9/2007 for .

2/9/2007

Arms-lengthNot Disclosed

Buyer

Gvk Apartments Llc

Seller

Katyft Bend Aip Iii Lp

Book Number

2007021236

Recording Date

2/9/2007

Transaction Details

Gvk Apartments Llc acquired the property from Katyft Bend Aip Iii Lp through a Arms-length transaction on 2/9/2007 for .

2/9/2007

Arms-lengthNot Disclosed

Buyer

Gvk Apartments Llc

Seller

Katyft Bend Aip Iii Lp

Book Number

2007.21236

Recording Date

2/9/2007

Transaction Details

Gvk Apartments Llc acquired the property from Katyft Bend Aip Iii Lp through a Arms-length transaction on 2/9/2007 for .

Property constructed in 2012

YSale Price (USD) byXSales Year

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Mortgage History

11/14/2012

Helocs both purchase money and non purchase money helocs$33,300,000

Borrower

Gvk Apartments Llc

Lender

Bmo Harris Bank

Book Number

2012132247

Recording Date

11/14/2012

Transaction Details

Gvk Apartments Llc borrowed the property from Bmo Harris Bank through a Helocs both purchase money and non purchase money helocs transaction on 11/14/2012 for $33,300,000.

3/19/2010

Sale$19,500,000

Borrower

Grand Parkway Partners Lp

Lender

Morrow Investors Inc

Book Number

2010.24278

Recording Date

3/19/2010

Transaction Details

Grand Parkway Partners Lp borrowed the property from Morrow Investors Inc through a transaction on 3/19/2010 for $19,500,000.

Property constructed in 2012

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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	$8,246,500	$64,310,666	$72,557,166	$72,557,166	Gvk Apartments Llc	2020 W 89th St Ste ...	0262 I And Gn Ry, Bl...	comm	0262	1,030,812	532,900
2025	$8,246,500	$52,116,316	$60,362,816	$60,362,816	Gvk Apartments Llc	2020 W 89th St Ste ...	0262 I And Gn Ry, Bl...	comm	0262-05	1,030,812	532,900
2024	$8,246,500	$48,669,721	$56,916,221	$56,916,221	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm	0262-05	1,030,812	532,900
2023	$8,246,500	$45,290,430	$53,536,930	$53,536,930	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm115	0262-05	1,030,812	440,662
2022	$8,246,500	$45,289,930	$53,536,430	$53,536,430	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm115	0262-05	1,030,812	440,662
2021	$8,246,500	$39,031,580	$47,278,080	$47,278,080	Gvk Apartments Llc	2020 W 89th St, Ste ...	0262 I And Gn Ry, Bl...	comm115	0262-05	1,030,812	440,662
2020	$8,246,500	$36,499,450	$44,745,950	$44,745,950	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm	0262-05	1,030,812	41,083
2019	$8,246,500	$32,533,740	$40,780,240	$40,780,240	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm	0262-05	1,030,812	41,083
2018	$8,246,500	$31,355,490	$39,601,990	$39,601,990	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	comm115	0262-05	1,030,812	41,083
2017	$7,215,690	$30,953,910	$38,169,600	$38,169,600	Gvk Apartments Llc	C/o Nres Holdings Ll...	0262 I And Gn Ry, Bl...	K06AQA	0262-05	1,030,813	419,490

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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 ↕
1550 Katy Gap Rd, Katy, TX 77494	R362144	Apartments	Apartment Garden (1 - 4 stories)	Gvk Apartments Llc	Fort Bend	-	-	-	-	2012	532,900	384
23403 Kingsland Dr 382, Katy, TX 77494	1313420010002	Apartments	Apartment Garden (1 - 4 stories)	Oh Sl Lp	Harris	0.5	$ 62,200,110	2025-06-30	$ 176.34	2019	352,733	382
6800 Gaston Rd, Katy, TX 77494	R414569	Apartments	Apartment Garden (1 - 4 stories)	Dd Gaston Partners Llc	Fort Bend	4.5	$ 59,663,800	2025-06-30	$ 178.19	2014	334,836	300
23100 Clay Rd 303, Katy, TX 77493	1457490010001	Apartments	Apartment Garden (1 - 4 stories)	Dhic Ventana Et Al	Harris	4.7	$ 45,220,000	2025-09-29	$ 154.52	2023	292,645	303
20220 Bellaire Blvd, Richmond, TX 77407	R487824	Apartments	Apartment Garden (1 - 4 stories)	Haven At Bellaire Ii Llc	Fort Bend	5.9	$ 52,000,000	2025-09-24	$ 191.66	2020	271,317	297
2600 Westhollow Dr 323, Houston, TX 77082	1232640010001	Apartments	Apartment Garden (1 - 4 stories)	Parkland Scg Llc	Harris	9.2	$ 35,018,800	2024-09-18	$ 83.38	2003	419,988	323
10221 Centrepark Dr 432, Houston, TX 77043	1218630000001	Apartments	Apartment Garden (1 - 4 stories)	Blex Exchange V Lp	Harris	15.1	$ 58,387,000	2025-11-24	$ 136.44	2002	427,921	432
15000 W Airport Blvd, Sugar Land, TX 77498	R302075	Apartments	Apartment Garden (1 - 4 stories)	Cep Sugar Land De Llc	Fort Bend	11.5	$ 65,982,500	2025-04-10	$ 183.22	2004	360,130	288
11805 Meadowglen Ln Ste 104 Ste104, Houston, TX 77082	1329560010001	Apartments	Apartment Garden (1 - 4 stories)	Camden Property Trust	Harris	12.2	$ 54,530,000	2025-07-30	$ 148.46	2005	367,309	104
14900 Memorial Dr Ste 288 Ste288, Houston, TX 77079	1344250010001	Apartments	Apartment Garden (1 - 4 stories)	Hilltop Memorial Lp	Harris	10.4	$ 44,049,600	2025-08-19	$ 109.96	2014	400,585	288
7204 Town Center Blvd, Rosenberg, TX 77471	R338734	Apartments	Apartment Garden (1 - 4 stories)	Rh Town Center Llc	Fort Bend	15.1	$ 51,870,000	2024-11-26	$ 131.40	2019	394,745	309

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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 ↕
—	1550 Katy Gap Rd, Katy, TX 77494	—	-	1,030,812	2012	532,900	$ 72,584,544	$ 8,246,500	-
T2 Financial Llc	15000 Park Row Dr, Houston, TX 77084	08/28/2025	$ 80,750,000	445,445	1999	219,426	$ 32,834,360	$ 4,454,450	Tx Apt 15000 Park Row Lp
Live Oak Banking Company	24333 Cinco Terrace Dr, Katy, TX 77494	07/30/2025	$ 4,900,000	632,326	2011	394,832	$ 45,817,864	$ 5,058,605	Nfal Group Llc
Dwight Capital Llc	18021 Kingsland Blvd, Houston, TX 77094	07/23/2025	$ 59,052,300	847,983	2014	451,973	$ 70,235,336	$ 6,783,864
Capital One Na	20120 Park Row Rd, Katy, TX 77449	07/09/2025	$ 6,700,000	270,603	2007	146,835	$ 6,486,611	$ 2,706,030	Pillar Lancaster Lp
Jll Real Estate Capital Llc	23403 Kingsland Dr, Katy, TX 77494	06/30/2025	$ 46,767,000	594,969	2019	352,733	$ 63,821,969	$ 11,899,380	Price Reserve On Kingsland Llc
Walker & Dunlop Llc	21550 Provincial Blvd, Katy, TX 77450	06/25/2025	$ 50,608,000	1,014,338	2003	420,671	$ 43,587,684	$ 10,143,380
Berkadia Commercial Mtg Llc	5238 Tallowwood Ter, Katy, TX 77493	06/02/2025	$ 13,090,000	244,768	1985	134,892	$ 15,917,171	$ 1,101,456	Mosaic Pineview Lp
Berkeley Point Capital Llc	13328 Westheimer Rd, Houston, TX 77077	05/23/2025	$ 40,150,000	429,907	2016	297,095	-	-	-
Berkeley Point Capital Llc	13328 Westheimer Rd, Houston, TX 77077	05/23/2025	$ 40,150,000	429,907	2016	297,095	-	-	Parkway Flats Property Owner L
M&t Realty Capital Corporation	6403 Sierra Blanca Dr, Houston, TX 77083	04/16/2025	$ 50,487,000	1,001,753	1983	690,119	$ 38,454,557	$ 3,506,136	Rama Elite Llc

Mean$ 51,769,084

Median$ 24,095,000.0

Loan Amount Range$ 114,900 - $ 412,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1550 KATY GAP RD, KATY, TX 77494-4353	JTNVIDEOGRAPHY	8329989641	NONCLASSIFIED ESTABLISHMENTS
1550 KATY GAP RD, KATY, TX 77494-4353	AMERICASNET	4075368637	NONCLASSIFIED ESTABLISHMENTS
1550 KATY GAP RD APT 1607, KATY, TX 77494-5921	PRESTO AUTO DETAIL	2549130005	AUTOMOBILE DETAIL & CLEAN-UP SERVICE
1550 KATY GAP RD APT 1706, KATY, TX 77494-5921	ULTRASOUND SERVICES LLC	8324378860	PHYSICIANS & SURGEONS EQUIP & SUPLSMFRS
1550 KATY GAP RD APT 1706, KATY, TX 77494-5921	ULTRASOUND SERVICES LLC	8324378860	MEDICAL DIAGNOSTIC EQUIPMENT-MOBILE
1550 KATY GAP RD, KATY, TX 77494-4353	GRAND VILLAS	8324373300	NONCLASSIFIED ESTABLISHMENTS
1550 KATY GAP RD, KATY, TX 77494-4353	GRAND VILLAS	8324373300	APARTMENTS
1550 KATY GAP RD, KATY, TX 77494-4353	GS SOFTWARE SOLUTIONS	3147196352	DATA PROCESSING SOFTWARE

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License Details

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