1475 Texas St 359, Houston, TX 77002 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2015Total Assessed Value $105,107,910County Harris

Property Details

The Apartments property 1475 Texas St 359, Houston, TX 77002 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $105,107,910.

The gross building area is 364,838 square feet and the land area is 63,602 square feet for this Apartment High Rise (5+ stories) built in 2015.

Legal description: Res A Blk 1 Marquette Place

$105,107,910

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$4,547

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area364,838

Land Size63,602

Land Value$19,080,600

Improved Value$86,027,310

Total Assessed Value$105,107,910

Year Built2015

County NameHarris

Account Number1355630010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingNone

PoolSwimming Pools

Type ConstructionMasonry

No of Stories28

Garage TypeParking Garage

Bathrooms34

PatioAvailable

Wood DeckAvailable

Storage RoomAvailable

Access Gates1

Business Center1

Vaulted Ceilings1

Walk-in Closets1

Number of Units359

Exterior WallsGlass

Sales History

4/30/2024

Arms-lengthNot Disclosed

Buyer

Izzah Investments Llc

Seller

Carolyn S Stephens

Book Number

2024.169000

Recording Date

4/30/2024

Transaction Details

Izzah Investments Llc acquired the property from Carolyn S Stephens through a Arms-length transaction on 4/30/2024 for .

3/7/2023

Arms-lengthNot Disclosed

Buyer

Celiz Homes Llc

Seller

Sam Houston Homes Llc

Book Number

2023.100662

Recording Date

3/7/2023

Transaction Details

Celiz Homes Llc acquired the property from Sam Houston Homes Llc through a Arms-length transaction on 3/7/2023 for .

2/25/2021

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

2/25/2021

Transaction Details

acquired the property from through a Other transaction on 2/25/2021 for .

8/2/2019

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

8/2/2019

Transaction Details

acquired the property from through a Other transaction on 8/2/2019 for .

10/15/2018

Arms-length$133,780,000

Buyer

Cpi Marq Catalyst Owner L P

Seller

Mpblock52 Llc

Book Number

2018-469277

Recording Date

10/15/2018

Transaction Details

Cpi Marq Catalyst Owner L P acquired the property from Mpblock52 Llc through a Arms-length transaction on 10/15/2018 for $133,780,000.

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

10/11/2018

Helocs both purchase money and non purchase money helocs$88,478,000

Borrower

Cpi Marq Catalyst Owner L P

Lender

Suntrust Bank

Book Number

2018-469278

Recording Date

10/11/2018

Transaction Details

Cpi Marq Catalyst Owner L P borrowed the property from Suntrust Bank through a Helocs both purchase money and non purchase money helocs transaction on 10/11/2018 for $88,478,000.

Property constructed in 2015

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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	$19,080,600	$87,827,265	$106,907,865	$106,907,865	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	364,838
2025	$19,080,600	$86,027,310	$105,107,910	$105,107,910	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	364,838
2024	$19,080,600	$85,367,234	$104,447,834	$104,447,834	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	575,578
2023	$19,080,600	$83,419,400	$102,500,000	$102,500,000	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	MARQUETTE PLACE RESE...	63,602	364,838
2022	$19,080,600	$78,919,400	$98,000,000	$98,000,000	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	MARQUETTE PLACE RESE...	63,602	364,838
2021	$19,080,600	$73,919,400	$93,000,000	$93,000,000	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	MARQUETTE PLACE RESE...	63,602	364,838
2020	$19,080,600	$75,919,400	$95,000,000	$95,000,000	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	364,838
2019	$19,080,600	$69,444,502	$88,525,102	$88,525,102	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	575,578
2018	$19,080,600	$74,919,400	$94,000,000	$94,000,000	Cpi Marq Catalysy Ow...	1001 Pennsylvania Av...	Res A Blk 1 Marquett...	5900.07	-	63,602	575,578
2017	$7,632,240	$58,326,616	$65,958,856	$65,958,856	Mpblock52 Llc	135 Water St Fl 4	Res A Blk 1 Marquett...	5900.07	-	63,602	575,578

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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 ↕
1475 Texas St 359, Houston, TX 77002	1355630010001	Apartments	Apartment High Rise (5+ stories)	Cpi Marq Catalysy Owner Lp	Harris	-	$ 133,780,000	2018-10-15	$ 366.68	2015	364,838	359
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	1.1	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	2.8	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
409 Travis St 274, Houston, TX 77002	1355320010001	Apartments	Apartment High Rise (5+ stories)	Hm Aris Llc Et Al	Harris	0.3	$ 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	4.7	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
6301 Almeda Rd 320, Houston, TX 77021	1202420010001	Apartments	Apartment High Rise (5+ stories)	Maverick County Housing Finance Corp	Harris	3.7	$ 56,712,500	2024-12-18	$ 168.60	1999	336,382	320
3300 Main St 328, Houston, TX 77002	1373900010001	Apartments	Apartment High Rise (5+ stories)	3300 Main Project Owner Lp	Harris	1.7	$ 80,249,540	2024-09-19	$ 199.53	2018	402,195	328
3030 Summer St 375, Houston, TX 77007	1386910010002	Apartments	Apartment High Rise (5+ stories)	Brep Summer Llc	Harris	2.3	$ 59,260,810	2024-09-27	$ 182.93	2018	323,947	375
3400 Montrose Blvd 327, Houston, TX 77006	1354850010001	Apartments	Apartment High Rise (5+ stories)	H & P Montrose Holdings Llc	Harris	2.3	$ 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	3.9	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302
1215 Sawyer St 327, Houston, TX 77007	1401370010001	Apartments	Apartment High Rise (5+ stories)	Sawyer Yards Holdco Lp	Harris	1.7	$ 54,136,320	2024-09-26	$ 201.32	2019	268,912	327

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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 ↕
—	1475 Texas St 359, Houston, TX 77002	—	-	63,602	2015	364,838	$ 105,107,910	$ 19,080,600	-
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
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
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
Frost Bank	2222 Austin St, Houston, TX 77002	04/17/2025	$ 1,600,000	4,875	1997	28,174	-	-	Aids Foundation Houston Inc
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$ 53,122,976

Median$ 34,448,500.0

Loan Amount Range$ 183,820 - $ 500,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1475 TEXAS ST, HOUSTON, TX 77002-3649	ESSIEN, KANDRA R	3184858550	SOCIAL WORKERS

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Tenant Industry Distribution

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License Details

License Number

32092342529

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

11/3/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	SMILES BY SPATES, LLC
	Address Line	1475 texas st unit 2503
	City / State / Zip	houston TX 77002
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	77002
Registration Details	SOS Code	A

License Timeline

License Issued

11/3/2023

Currently Active

Status: -

Renewal Required

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