13861 Raceway Dr, Northlake, TX 76262 – Apartment (4 - 20 units)

ApartmentsYear Built 2007Total Assessed Value $83,839,704County Denton

Property Details

The Apartments property 13861 Raceway Dr, Northlake, TX 76262 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $83,839,704.

The gross building area is 457,362 square feet and the land area is 1,279,836 square feet for this Apartment (4 - 20 units) built in 2007.

Legal description: Creekside At Northlake Ph Ii Blk 1 Lot 2R1

$83,839,704

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,462

Avg Rent

Property Image of 13861 Raceway Dr, Northlake, TX 76262, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area457,362

Land Size1,279,836

Land Value$10,238,691

Improved Value$73,601,013

Total Assessed Value$83,839,704

Year Built2007

County NameDenton

Account Number636455

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Gas

Parking Space1216

HeatingCentral

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport,Detached Garages

Bedrooms24

Bathrooms22

PatioAvailable

Access Gates1

Walk-in Closets1

Number of Units456

Exterior WallsBrick veneer

Sales History

9/11/2025

Arms-lengthNot Disclosed

Buyer

Town Of Northlake Texas

Seller

Dry Creek Apartments Ltd

Book Number

2025.103925

Recording Date

9/11/2025

Transaction Details

Town Of Northlake Texas acquired the property from Dry Creek Apartments Ltd through a Arms-length transaction on 9/11/2025 for .

Property constructed in 2007

YSale Price (USD) byXSales Year

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Mortgage History

10/10/2024

Arms length residential transactions purchase or resales$669,556

Borrower

Dry Creek Apartments Ltd

Lender

Book Number

2024.110183

Recording Date

10/10/2024

Transaction Details

Dry Creek Apartments Ltd borrowed the property from through a Arms length residential transactions purchase or resales transaction on 10/10/2024 for $669,556.

9/18/2018

Arms length residential transactions purchase or resales$41,500,000

Borrower

Dry Creek Apartments Ltd

Lender

Western Southern Life Assurance Co

Book Number

2018.110962

Recording Date

9/18/2018

Transaction Details

Dry Creek Apartments Ltd borrowed the property from Western Southern Life Assurance Co through a Arms length residential transactions purchase or resales transaction on 9/18/2018 for $41,500,000.

11/21/2015

Sale$40,000,000

Borrower

Dry Creek Apartments Ltd

Lender

Comerica Bank Na

Book Number

2015.137869

Recording Date

11/21/2015

Transaction Details

Dry Creek Apartments Ltd borrowed the property from Comerica Bank Na through a transaction on 11/21/2015 for $40,000,000.

Property constructed in 2007

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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	$10,232,418	$67,809,243	$78,041,661	$78,041,661	Dry Creek Apartments...	2811 Mckinney Ave St...	Creekside At Northla...	Mf01G01B15	Sj1185A	1,279,052	457,362
2025	$10,238,691	$62,161,309	$72,400,000	$72,400,000	Dry Creek Apartments...	2811 Mckinney Ave St...	Creekside At Northla...	MF01G01A3	Sj1185A	1,279,836	457,362
2024	$10,238,691	$57,868,474	$68,107,165	$68,107,165	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	Mf01A3S11	Sj1185A	1,279,836	442,788
2023	$10,238,691	$54,704,309	$64,943,000	$64,943,000	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	MF01A3S11	Sj1185A	1,279,836	442,788
2022	$10,238,691	$52,761,309	$63,000,000	$63,000,000	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	MF01A3S11	SJ1185A	1,279,836	442,788
2021	$10,238,691	$50,091,309	$60,330,000	$60,330,000	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	MF01A1S11	SJ1185A	1,279,836	442,788
2020	$10,238,691	$49,261,309	$59,500,000	$59,500,000	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	MF01A1S11	SJ1185A	1,279,836	442,788
2019	$9,103,418	$37,546,582	$46,650,000	$46,650,000	Dry Creek Apartments...	2626 Howell St, Ste ...	Creekside At Northla...	MF01A1S11	SJ1185A	1,279,836	442,788
2018	$10,238,691	$41,661,309	$51,900,000	$51,900,000	Dry Creek Apartments...	613 Nw Loop 410 Ste ...	Creekside At Northla...	MF01S14A1	SJ1185A	1,279,836	442,788
2017	$10,238,691	$38,261,309	$48,500,000	$48,500,000	Dry Creek Apartments...	613 Nw Loop 410 Ste ...	Creekside At Northla...	MF01S14A1	SJ1185A	1,279,836	442,788

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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 ↕
13861 Raceway Dr, Northlake, TX 76262	636455	Apartments	Apartment (4 - 20 units)	Dry Creek Apartments Ltd	Denton	-	-	-	-	2007	457,362	456
15901 Championship Pkwy, Fort Worth, TX 76177	1003641	Apartments	Apartment (4 - 20 units)	Champions Way Dfw Lp	Denton	1.0	$ 74,480,000	2025-09-30	$ 155.78	2023	478,113	-
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	16.1	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
1104 Highway 114, Fort Worth, TX 76247	766701	Apartments	Apartment (4 - 20 units)	Nexmetro Reserve Lp	Denton	3.5	$ 33,250,000	2025-04-11	$ 151.93	2020	218,844	227
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	25.1	$ 76,230,000	2024-10-01	$ 372.82	1999	204,470	500
3901 Accent Dr, Dallas, TX 75287	179781	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	25.0	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
905 Cleveland St, Denton, TX 76201	498438	Apartments	Apartment (4 - 20 units)	Gpl Midtown Propco Llc	Denton	15.2	$ 37,539,250	2024-09-27	$ 208.14	2010	180,355	120
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	24.6	$ 39,191,110	2025-07-17	$ 179.24	1999	218,648	276
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	22.5	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
3702 Frankford Rd, Dallas, TX 75287	199420	Apartments	Apartment (4 - 20 units)	Frankford Springs Borrower Llc	Denton	24.7	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	23.5	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	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 ↕
—	13861 Raceway Dr, Northlake, TX 76262	—	-	1,279,836	2007	457,362	$ 83,839,704	$ 10,238,691	-
United Wholesale Mortgage Llc	218 Milton St UnitA-D, Lewisville, TX 75057	06/03/2025	$ 300,000	8,799	1974	4,900	$ 294,641	$ 140,786	Dunn Realty Investments Llc
Starwood Prop Mtg Sub14a Llc	13900 Chadwick Pkwy, Northlake, TX 76262	04/30/2025	$ 51,805,154	586,579	2009	274,664	$ 51,000,000	$ 4,692,632	Halston Northlake Borrower Llc
Capital One Na	5210 Long Prairie Rd, Flower Mound, TX 75028	03/25/2025	$ 30,638,000	675,049	1999	305,783	$ 56,586,607	$ 6,750,490	Sjs Lantana Llc
Pnc Bank National Association	2411 S I35e, Denton, TX 76205	02/26/2025	$ 15,700,000	547,819	1986	232,942	$ 36,370,000	$ 3,286,916
Jll Real Estate Capital Llc	299 Monroe Ave, Roanoke, TX 76262	01/28/2025	$ 48,200,000	143,291	2017	144,527	$ 16,706,801	$ 3,582,266	Cws Parklake Saf V Llc
Pinnacle Bank	Daisey Ln, Justin, TX 76247	01/22/2025	$ 900,000	91,149	1987	12,144	$ 1,226,496	$ 273,447	Raya Property Holdings Llc
Homewood Mortgage Llc	1901 Kingswood Ct, Denton, TX 76205	01/03/2025	$ 568,125	19,100	1975	5,474	$ 564,455	$ 114,600	Manning Investment Group Llc
W & D Debt Fund Lp	919 W Eagle Dr, Denton, TX 76201	01/02/2025	$ 24,250,000	94,743	2012	160,002	$ 33,158,221	$ 1,421,145	Gpl 33 North Propco Llc
Pinnacle Bank	612 614 Londonderry Ln, Denton, TX 76205	12/31/2024	$ 2,902,000	25,225	1979	12,000	$ 1,328,400	$ 151,350	612 Londonderry Llc
Pinnacle Bank	616 Londonderry Ln, Denton, TX 76205	12/31/2024	$ 2,902,000	21,231	1979	12,000	$ 1,263,600	$ 127,386	612 Londonderry Llc

Mean$ 15,074,284

Median$ 2,902,000.0

Loan Amount Range$ 175,000 - $ 51,805,154

Showing 1 to 10 of 26 entries

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License Details

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