15200 Memorial Dr 305, Houston, TX 77079 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2004Total Assessed Value $75,878,192County Harris

Property Details

The Apartments property 15200 Memorial Dr 305, Houston, TX 77079 is located in Harris County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $75,878,192.

The gross building area is 601,167 square feet and the land area is 650,351 square feet for this Apartment Garden (1 - 4 stories) built in 2004.

Legal description: Bldgs 1 Thru 37 2Nd R/P Memorial Ridge Townhome Apts

$75,878,192

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,627

Avg Rent

Property Image of 15200 Memorial Dr 305, Houston, TX 77079, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area601,167

Land Size650,351

Land Value$22,762,285

Improved Value$53,115,907

Total Assessed Value$75,878,192

Year Built2004

County NameHarris

Account Number1233810000001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Wood Burning

HeatingForced air unit

PoolSwimming Pools

Type ConstructionFrame

No of Stories3

Garage TypeAttached Garages

Bathrooms12

PatioAvailable

Wood DeckAvailable

Social Activities1

Access Gates1

Jogging Trail1

Business Center1

9ft Ceilings1

Walk-in Closets1

School Bus Pickup1

Park Ride Nearby1

Emergency Maintenance1

Self Clean Ovens1

Steel Appliances1

Refrigerator1

10ft Ceilings1

Number of Units305

Exterior WallsBrick

Sales History

8/18/2022

Arms-length$62,500,000

Buyer

Oe Village On Memorial Llc

Seller

Memorial Ridge Ltd

Book Number

RP-2022-423659

Recording Date

8/18/2022

Transaction Details

Oe Village On Memorial Llc acquired the property from Memorial Ridge Ltd through a Arms-length transaction on 8/18/2022 for $62,500,000.

4/1/2021

Arms-lengthNot Disclosed

Buyer

Oe Village On Memorial Llc

Seller

Tst Memorial Ridge Ltd Ps

Book Number

Recording Date

4/1/2021

Transaction Details

Oe Village On Memorial Llc acquired the property from Tst Memorial Ridge Ltd Ps through a Arms-length transaction on 4/1/2021 for .

1/21/1998

Other$10,474,002

Buyer

Seller

Book Number

Recording Date

1/21/1998

Transaction Details

acquired the property from through a Other transaction on 1/21/1998 for $10,474,002.

Property constructed in 2004

YSale Price (USD) byXSales Year

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Mortgage History

8/15/2022

Arms length residential transactions purchase or resales$50,000,000

Borrower

Oe Village On Memorial Llc

Lender

Sumitomo Mitsui Banking Corporation

Book Number

2022.423660

Recording Date

8/15/2022

Transaction Details

Oe Village On Memorial Llc borrowed the property from Sumitomo Mitsui Banking Corporation through a Arms length residential transactions purchase or resales transaction on 8/15/2022 for $50,000,000.

3/9/2006

Arms length residential transactions purchase or resales$38,000,000

Borrower

Memorial Ridge Ltd

Lender

Metropolitan Life Insurance Co

Book Number

2006.155713

Recording Date

3/9/2006

Transaction Details

Memorial Ridge Ltd borrowed the property from Metropolitan Life Insurance Co through a Arms length residential transactions purchase or resales transaction on 3/9/2006 for $38,000,000.

Property constructed in 2004

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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	$22,762,285	$40,588,334	$63,350,619	$63,350,619	Oe Village On Memori...	127 Public Square St...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2025	$22,762,285	$52,693,910	$75,456,195	$75,456,195	Oe Village On Memori...	127 Public Square St...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2024	$22,762,285	$54,485,546	$77,247,831	$77,247,831	Oe Village On Memori...	127 Public Square St...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2023	$22,762,285	$53,116,750	$75,879,035	$75,879,035	Oe Village On Memori...	127 Public Square St...	Bldgs 1 Thru 37 2Nd ...	9851.00	MEMORIAL RIDGE TOWNH...	650,351	601,167
2022	$22,762,285	$34,237,715	$57,000,000	$57,000,000	Oe Village On Memori...	127 Public Square St...	Bldgs 1 Thru 37 2Nd ...	9851.00	MEMORIAL RIDGE TOWNH...	650,351	601,167
2021	$22,762,285	$38,260,690	$61,022,975	$61,022,975	Memorial Ridge Ltd C...	2001 Ross Ave Ste 34...	Bldgs 1 Thru 37 2Nd ...	9851.00	MEMORIAL RIDGE TOWNH...	650,351	601,167
2020	$22,762,285	$30,737,715	$53,500,000	$53,500,000	Tst Memorial Ridge L...	99 Detering St Ste 2...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2019	$22,762,285	$19,765,687	$42,527,972	$42,527,972	Tst Memorial Ridge L...	99 Detering St Ste 2...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2018	$22,762,285	$2,237,715	$25,000,000	$25,000,000	Tst Memorial Ridge L...	99 Detering St Ste 2...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167
2017	$22,762,285	$34,237,715	$57,000,000	$57,000,000	Tst Memorial Ridge L...	99 Detering St Ste 2...	Bldgs 1 Thru 37 2Nd ...	9851.00	-	650,351	601,167

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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 ↕
15200 Memorial Dr 305, Houston, TX 77079	1233810000001	Apartments	Apartment Garden (1 - 4 stories)	Oe Village On Memorial Llc	Harris	-	$ 62,500,000	2022-08-18	$ 103.96	2004	601,167	305
14900 Memorial Dr Ste 288 Ste288, Houston, TX 77079	1344250010001	Apartments	Apartment Garden (1 - 4 stories)	Hilltop Memorial Lp	Harris	0.8	$ 44,049,600	2025-08-19	$ 109.96	2014	400,585	288
11805 Meadowglen Ln Ste 104 Ste104, Houston, TX 77082	1329560010001	Apartments	Apartment Garden (1 - 4 stories)	Camden Property Trust	Harris	4.0	$ 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	3.5	$ 35,018,800	2024-09-18	$ 83.38	2003	419,988	323
9999 Kempwood Dr 326, Houston, TX 77080	1013410000001	Apartments	Apartment Garden (1 - 4 stories)	Sb3 Kempwood Hollow Llc	Harris	5.7	$ 25,835,250	2025-11-19	$ 83.84	1979	308,148	326
10221 Centrepark Dr 432, Houston, TX 77043	1218630000001	Apartments	Apartment Garden (1 - 4 stories)	Blex Exchange V Lp	Harris	5.6	$ 58,387,000	2025-11-24	$ 136.44	2002	427,921	432
9802 Forum Park Dr 708, Houston, TX 77036	1121370000013	Apartments	Apartment Garden (1 - 4 stories)	Westwood Houston Owner Llc	Harris	8.5	$ 83,147,700	2025-05-08	$ 132.48	1979	627,632	708
23403 Kingsland Dr 382, Katy, TX 77494	1313420010002	Apartments	Apartment Garden (1 - 4 stories)	Oh Sl Lp	Harris	9.6	$ 62,200,110	2025-06-30	$ 176.34	2019	352,733	382
5454 Newcastle Dr 580, Houston, TX 77081	1170290000001	Apartments	Apartment Garden (1 - 4 stories)	Village At Bellaire Owner Llc	Harris	11.0	$ 140,625,000	2025-04-30	$ 219.05	1990	641,988	580
15000 W Airport Blvd, Sugar Land, TX 77498	R302075	Apartments	Apartment Garden (1 - 4 stories)	Cep Sugar Land De Llc	Fort Bend	9.3	$ 65,982,500	2025-04-10	$ 183.22	2004	360,130	288
6800 Gaston Rd, Katy, TX 77494	R414569	Apartments	Apartment Garden (1 - 4 stories)	Dd Gaston Partners Llc	Fort Bend	11.3	$ 59,663,800	2025-06-30	$ 178.19	2014	334,836	300

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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 ↕
—	15200 Memorial Dr 305, Houston, TX 77079	—	-	650,351	2004	601,167	$ 75,878,192	$ 22,762,285	-
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
Susbar Inc	14814 Perthshire Rd, Houston, TX 77079	07/23/2025	$ 3,100,000	439,703	1970	277,798	$ 30,515,962	$ 8,794,060	Sp Sheffield Lp
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
Berkadia Commercial Mtg Llc	10925 Briar Forest Dr, Houston, TX 77042	05/30/2025	$ 29,253,000	539,064	1978	236,402	$ 26,802,551	$ 4,312,512
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
Pgim Re Agency Financing Llc	4040 Synott Rd Ste255, Houston, TX 77082	05/19/2025	$ 12,350,000	475,667	1983	239,179	$ 17,399,553	$ 1,664,835	Arm Briar Village Llc
Loancore Cap Credit Reit Llc	13202 Briar Forest Dr, Houston, TX 77077	05/15/2025	$ 43,000,000	251,472	2008	338,269	$ 54,563,842	$ 7,544,160	Kv Briar Forest Apartments Llc
Starwood Mortgage Capital Llc	10012 Haddington Dr, Houston, TX 77080	04/22/2025	$ 6,750,000	138,695	1964	104,436	$ 8,560,928	$ 2,496,510	Apt Witte Oaks Llc
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$ 38,926,882

Median$ 23,108,654.0

Loan Amount Range$ 584,400 - $ 412,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
15200 MEMORIAL DR, HOUSTON, TX 77079-4322	SILVER'S I LIVE FIT	7135847934	PERSONAL TRAINERS-FITNESS
15200 MEMORIAL DR UNIT 810, HOUSTON, TX 77079-2623	COTTON MED OF TEXAS LLC	2817965336	UNCLASSIFIED ESTABLISHMENTS
15200 MEMORIAL DR, HOUSTON, TX 77079-4322	SAMMONSAIRANDHEAT	7139840555	NONCLASSIFIED ESTABLISHMENTS
15200 MEMORIAL DR UNIT 2602, HOUSTON, TX 77079-2647	EXECUTIVE CORPORATE HOUSING	2812939300	APARTMENT FINDING & RENTAL SERVICE
15200 MEMORIAL DR, HOUSTON, TX 77079-4322	VILLAGE ON MEMORIAL TOWNHOMES	2815898400	TOWNHOUSES
15200 MEMORIAL DR, HOUSTON, TX 77079-4322	PARK ON THE MEMORIAL	2818708719	APARTMENTS
15200 MEMORIAL DR UNIT 2602, HOUSTON, TX 77079-2647	WEICHERT CORPORATE HOUSING	8322436971	CORPORATE LODGING

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Tenant Industry Distribution

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License Details

License Number

32091541212

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

9/8/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	PDS SERVICES & CONSTRUCTION LL
	Address Line	15200 memorial dr unit 901
	City / State / Zip	houston TX 77079
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48201
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77079
Registration Details	SOS Code	A

License Timeline

License Issued

9/8/2023

Currently Active

Status: -

Renewal Required

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