616 Memorial Heights Dr 437, Houston, TX 77007 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2001Total Assessed Value $85,682,322County Harris

Property Details

The Apartments property 616 Memorial Heights Dr 437, Houston, TX 77007 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $85,682,322.

The gross building area is 482,347 square feet and the land area is 439,520 square feet for this Apartment High Rise (5+ stories) built in 2001.

Legal description: Res B1 Blk 1 Memorial Heights Sec 5

$85,682,322

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,065

Avg Rent

Property Image of 616 Memorial Heights Dr 437, Houston, TX 77007, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area482,347

Land Size439,520

Land Value$37,359,200

Improved Value$48,323,122

Total Assessed Value$85,682,322

Year Built2001

County NameHarris

Account Number1204360010002

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space846

HeatingForced air unit

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Roof TypeGable

Type ConstructionWood

No of Stories4

Garage TypeAttached Garages,Parking Garage

Bathrooms14

PatioAvailable

Wood DeckAvailable

Social Activities1

Access Gates1

Shuttle Route1

Personal Trainer1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Perimeter Fence1

School Bus Pickup1

Park Ride Nearby1

Emergency Maintenance1

Electric Meter1

Number of Units437

Exterior WallsSiding alum or vinyl

Sales History

5/18/2023

Arms-length$510,613

Buyer

Cast Mora Adrian Alberto

Seller

Umran Fisher Llc

Book Number

2023.182022

Recording Date

5/18/2023

Transaction Details

Cast Mora Adrian Alberto acquired the property from Umran Fisher Llc through a Arms-length transaction on 5/18/2023 for $510,613.

7/19/2021

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

7/19/2021

Transaction Details

acquired the property from through a Other transaction on 7/19/2021 for .

5/30/2013

Arms-length$81,000,000

Buyer

Bel Estates I Llc

Seller

Cfh Realty Ivmemorial Heights, Lp

Book Number

20130262339

Recording Date

5/30/2013

Transaction Details

Bel Estates I Llc acquired the property from Cfh Realty Ivmemorial Heights, Lp through a Arms-length transaction on 5/30/2013 for $81,000,000.

7/11/2006

Arms-lengthNot Disclosed

Buyer

Cfh Realty Ivmemorial Heights Lp

Seller

Estates Apartments Lllp

Book Number

Z460600

Recording Date

7/11/2006

Transaction Details

Cfh Realty Ivmemorial Heights Lp acquired the property from Estates Apartments Lllp through a Arms-length transaction on 7/11/2006 for .

1/28/2004

Other$47,000,000

Buyer

Robert White

Seller

Agl Investments No 14 Ltd

Book Number

Recording Date

1/28/2004

Transaction Details

Robert White acquired the property from Agl Investments No 14 Ltd through a Other transaction on 1/28/2004 for $47,000,000.

8/29/2000

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

8/29/2000

Transaction Details

acquired the property from through a Other transaction on 8/29/2000 for .

Property constructed in 2001

YSale Price (USD) byXSales Year

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Mortgage History

5/18/2023

New construction residential transactions$383,920

Borrower

Cast Mora Adrian Alberto

Lender

First Community Credit Union

Book Number

2023.182023

Recording Date

5/18/2023

Transaction Details

Cast Mora Adrian Alberto borrowed the property from First Community Credit Union through a New construction residential transactions transaction on 5/18/2023 for $383,920.

12/22/2015

Arms length residential transactions purchase or resales$5,000,000

Borrower

Bel Estates I Llc

Lender

Key Bank Na

Book Number

2015.577969

Recording Date

12/22/2015

Transaction Details

Bel Estates I Llc borrowed the property from Key Bank Na through a Arms length residential transactions purchase or resales transaction on 12/22/2015 for $5,000,000.

7/12/2013

Sale$49,900,000

Borrower

Eaton Vance Management

Lender

Book Number

Recording Date

7/12/2013

Transaction Details

Eaton Vance Management borrowed the property from through a transaction on 7/12/2013 for $49,900,000.

Property constructed in 2001

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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	$37,359,200	$48,302,519	$85,661,719	$85,661,719	Bel Estates I Llc Et...	1 Post Office Square	Res B1 Blk 1 Memoria...	5902.02	-	439,520	482,347
2025	$37,359,200	$48,323,122	$85,682,322	$85,682,322	Bel Estates I Llc Et...	1 Post Office Square	Res B1 Blk 1 Memoria...	5902.02	-	439,520	482,347
2024	$37,359,200	$47,985,756	$85,344,956	$85,344,956	Bel Estates I Llc Et...	1 Post Office Square	Res B1 Blk 1 Memoria...	5902.02	-	439,520	482,347
2023	$37,359,200	$50,530,445	$87,889,645	$87,889,645	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	MEMORIAL HEIGHTS	439,520	482,347
2022	$37,359,200	$38,640,800	$76,000,000	$76,000,000	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	MEMORIAL HEIGHTS SEC...	439,520	482,347
2021	$37,359,200	$44,053,597	$81,412,797	$81,412,797	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	MEMORIAL HEIGHTS SEC...	439,520	482,347
2020	$37,359,200	$39,640,800	$77,000,000	$77,000,000	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	-	439,520	482,347
2019	$37,359,200	$34,640,800	$72,000,000	$72,000,000	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	MEMORIAL HEIGHTS SEC...	439,520	675,412
2018	$37,359,200	$32,640,800	$70,000,000	$70,000,000	Bel Estates I Llc Et...	2 International Pl F...	Res B1 Blk 1 Memoria...	5902.02	MEMORIAL HEIGHTS SEC...	439,520	675,412
2017	$32,964,000	$41,036,000	$74,000,000	$74,000,000	Bel Estates I Llc Et...	2 International Pl	Res B1 Blk 1 Memoria...	5924.00	MEMORIAL HEIGHTS SEC...	439,520	675,412

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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 ↕
616 Memorial Heights Dr 437, Houston, TX 77007	1204360010002	Apartments	Apartment High Rise (5+ stories)	Bel Estates I Llc Et Al Co Eaton Vance Management	Harris	-	-	-	-	2001	482,347	437
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	2.5	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	1.2	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
409 Travis St 274, Houston, TX 77002	1355320010001	Apartments	Apartment High Rise (5+ stories)	Hm Aris Llc Et Al	Harris	1.7	$ 77,492,450	2025-01-28	$ 215.23	2015	360,043	274
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	2.8	$ 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	4.7	$ 43,890,000	2025-09-17	$ 137.56	1996	319,072	299
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	4.9	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352
6301 Almeda Rd 320, Houston, TX 77021	1202420010001	Apartments	Apartment High Rise (5+ stories)	Maverick County Housing Finance Corp	Harris	4.0	$ 56,712,500	2024-12-18	$ 168.60	1999	336,382	320
641 W Crosstimbers St 327, Houston, TX 77018	1449360010001	Apartments	Apartment High Rise (5+ stories)	Garden Oaks Apartments Llc	Harris	4.4	$ 66,367,000	2025-11-19	$ 211.71	2022	313,481	327
3400 Montrose Blvd 327, Houston, TX 77006	1354850010001	Apartments	Apartment High Rise (5+ stories)	H & P Montrose Holdings Llc	Harris	1.7	$ 81,795,000	2024-08-19	$ 245.70	2015	332,908	327
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	2.5	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302

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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 ↕
—	616 Memorial Heights Dr 437, Houston, TX 77007	—	-	439,520	2001	482,347	$ 85,682,322	$ 37,359,200	-
Bank Of The Orient	5400 Memorial Dr, Houston, TX 77007	08/14/2025	$ 9,220,000	88,142	1965	173,913	$ 14,073,794	$ 6,610,650	Fell In Love Llc
Acre Credit Fund Ii Gs Ii Llc	92 Jensen Rd, Houston, TX 77020	08/14/2025	$ 58,000,000	211,222	2022	437,515	$ 83,553,338	$ 2,112,220	East River Residential One Llc
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
Fbred Bdc Finance Llc	2221 W Dallas St, Houston, TX 77019	06/27/2025	$ 58,500,000	249,947	2008	415,827	$ 87,609,142	$ 23,744,965	Us Living Montrose Llc
Truist Bank	3003 Memorial Ct 380, Houston, TX 77007	06/10/2025	$ 57,000,000	435,600	2000	466,392	$ 85,294,052	$ 37,026,000	Cb Marcella Memorial Heights L
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	-
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
Regions Bank	1111 W 6th St, Houston, TX 77007	01/30/2025	$ 39,805,000	156,032	2021	264,101	$ 68,122,140	$ 18,009,744	Fairfield Shepherd Partnership

Mean$ 56,534,467

Median$ 49,237,000.0

Loan Amount Range$ 183,820 - $ 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 ↕
616 MEMORIAL HEIGHTS DR, HOUSTON, TX 77007-5985	ESTATES AT MEMORIAL HTS APT	7138616665	REAL ESTATE INVESTMENTS
616 MEMORIAL HEIGHTS DR, HOUSTON, TX 77007-5985	ESTATES AT MEMORIAL HTS APT	7138616665	REAL ESTATE MANAGEMENT
616 MEMORIAL HEIGHTS DR, HOUSTON, TX 77007-5985	MOET HENNESSY USA INC	2122518200	MARKETING CONSULTANTS
616 MEMORIAL HEIGHTS DR, HOUSTON, TX 77007-5985	HANDY ANDY TV MOUNTING	7138769032	TELEVISION & RADIO-DEALERS

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Tenant Industry Distribution

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License Details

License Number

32093086497

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

12/21/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	BARKSDALE PAISLEY LLC
	Address Line	616 memorial heights dr apt 11
	City / State / Zip	houston TX 77007
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	77007
Registration Details	SOS Code	A

License Timeline

License Issued

12/21/2023

Currently Active

Status: -

Renewal Required

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