425 E Lamar Blvd, Arlington, TX 76011 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2016Total Assessed Value $71,925,311County Tarrant

Property Details

The Apartments property 425 E Lamar Blvd, Arlington, TX 76011 is located in Tarrant County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $71,925,311.

The gross building area is 548,806 square feet and the land area is 242,367 square feet for this Apartment Garden (1 - 4 stories) built in 2016.

Legal description: Parkway Central Addition Block 5 Lot Ar1

$71,925,311

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$4,978

Avg Rent

Property Image of 425 E Lamar Blvd, Arlington, TX 76011, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area548,806

Land Size242,367

Land Value$848,286

Improved Value$71,077,025

Total Assessed Value$71,925,311

Year Built2016

County NameTarrant

Account Number42095032

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Roof TypeGable

Type ConstructionOther

No of Stories4

Bathrooms17

PatioAvailable

Wood DeckAvailable

Business Center1

Walk-in Closets1

School Bus Pickup1

Emergency Maintenance1

Trash Pickup1

Granite Countertops1

Steel Appliances1

Number of Units351

Elevator

Sales History

8/2/2022

Arms-lengthNot Disclosed

Buyer

Cooper Lamar North Lp

Seller

Provident Realty Advisors Inc

Book Number

2022.199005

Recording Date

8/2/2022

Transaction Details

Cooper Lamar North Lp acquired the property from Provident Realty Advisors Inc through a Arms-length transaction on 8/2/2022 for .

12/9/2021

Arms-lengthNot Disclosed

Buyer

425 E Lamar Tx Lp

Seller

Lamar Circle Owner Llc

Book Number

2021.375345

Recording Date

12/9/2021

Transaction Details

425 E Lamar Tx Lp acquired the property from Lamar Circle Owner Llc through a Arms-length transaction on 12/9/2021 for .

9/12/2021

Arms-lengthNot Disclosed

Buyer

425 E Lamar Tx Lp

Seller

Lamar Circle Owner Llc

Book Number

2021.375345

Recording Date

9/12/2021

Transaction Details

425 E Lamar Tx Lp acquired the property from Lamar Circle Owner Llc through a Arms-length transaction on 9/12/2021 for .

12/19/2018

Arms-length$56,062,500

Buyer

Lamar Circle Owner Llc

Seller

Arlington Commons I Llc

Book Number

2018.277438

Recording Date

12/19/2018

Transaction Details

Lamar Circle Owner Llc acquired the property from Arlington Commons I Llc through a Arms-length transaction on 12/19/2018 for $56,062,500.

12/19/2018

Arms-lengthNot Disclosed

Buyer

Arlington Commons I Llc

Seller

Prince Commons Llc

Book Number

D218277437

Recording Date

12/19/2018

Transaction Details

Arlington Commons I Llc acquired the property from Prince Commons Llc through a Arms-length transaction on 12/19/2018 for .

10/28/2015

Arms-lengthNot Disclosed

Buyer

Prince Commons Llc

Seller

Prince Petroleum Company Ltd

Book Number

2015.245109

Recording Date

10/28/2015

Transaction Details

Prince Commons Llc acquired the property from Prince Petroleum Company Ltd through a Arms-length transaction on 10/28/2015 for .

10/28/2015

Arms-lengthNot Disclosed

Buyer

Prince Petroleum Company Ltd

Seller

Arlington Commons Lands Llc

Book Number

2015.245108

Recording Date

10/28/2015

Transaction Details

Prince Petroleum Company Ltd acquired the property from Arlington Commons Lands Llc through a Arms-length transaction on 10/28/2015 for .

Property constructed in 2016

YSale Price (USD) byXSales Year

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Mortgage History

4/4/2022

Arms length residential transactions purchase or resales$3,298,451

Borrower

Rolling Hills County Club

Lender

Pra Investments Ltd

Book Number

2022.87268

Recording Date

4/4/2022

Transaction Details

Rolling Hills County Club borrowed the property from Pra Investments Ltd through a Arms length residential transactions purchase or resales transaction on 4/4/2022 for $3,298,451.

8/8/2022

New construction residential transactions$20,760,000

Borrower

Cooper Lamar North Lp

Lender

Liberty Bankers Life Insurance

Book Number

2022.199007

Recording Date

8/8/2022

Transaction Details

Cooper Lamar North Lp borrowed the property from Liberty Bankers Life Insurance through a New construction residential transactions transaction on 8/8/2022 for $20,760,000.

12/19/2018

Sale$44,850,000

Borrower

Lamar Circle Owner Llc

Lender

Cbre Multifamily Capital Inc

Book Number

2018.277440

Recording Date

12/19/2018

Transaction Details

Lamar Circle Owner Llc borrowed the property from Cbre Multifamily Capital Inc through a transaction on 12/19/2018 for $44,850,000.

Property constructed in 2016

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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	$848,286	$75,411,235	$76,259,521	$76,259,521	425 E Lamar Tx Lp	Po Box A 3878 Chica...	Parkway Central Addi...	Aptcntrlar	31790	242,367	548,806
2025	$848,286	$71,077,025	$71,925,311	$71,925,311	425 E Lamar Tx Lp	Po Box A 3878	Parkway Central Addi...	APT-Centra	Apt-Central Arlingto...	242,367	548,806
2024	$848,286	$64,951,714	$65,800,000	$65,800,000	425 E Lamar (tx) Lp	Po Box A-3878	Parkway Central Addi...	APT-Centra	Apt-Central Arlingto...	242,367	548,806
2023	$848,286	$64,456,714	$65,305,000	$65,305,000	425 E Lamar (tx) Lp	Po Box A-3878	Parkway Central Addi...	APT-Central Arlington	Apt-Central Arlingto...	242,367	548,806
2022	$848,286	$63,251,714	$64,100,000	$64,100,000	425 E Lamar (tx) Lp	Po Box A-3878	Parkway Central Addi...	APT-Centra	Apt-Centra	242,367	548,806
2021	$848,286	$62,051,714	$62,900,000	$62,900,000	Lamar Circle Owner L...	733 Third Ave 24th F...	Parkway Central Addi...	APT-Centra	APT-Centra	242,367	548,806
2020	$848,286	$59,651,714	$60,500,000	$60,500,000	Lamar Circle Owner L...	733 Third Ave 24th F...	Parkway Central Addi...	APT-Centra	APT-Centra	242,367	548,806
2019	$848,286	$59,751,714	$60,600,000	$60,600,000	Lamar Circle Owner L...	733 Third Ave 24th F...	Parkway Central Addi...	APT-Centra	APT-Centra	242,367	548,806
2018	$727,102	$36,750,000	$37,477,102	$37,477,102	Prince Commons Llc	306 W 7th St Ste 701	Parkway Central Addi...	APT-Centra	APT-Centra	242,367	548,806
2017	$545,327	$2,342,852	$2,888,179	$2,888,179	Prince Commons Llc	306 W 7th St Ste 701	Parkway Central Addi...	APT-Centra	APT-Centra	242,368	548,806

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Showing 1 to 10 of 11 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 ↕
425 E Lamar Blvd, Arlington, TX 76011	42095032	Apartments	Apartment Garden (1 - 4 stories)	425 E Lamar Tx Lp	Tarrant	-	$ 56,062,500	2018-12-19	$ 102.15	2016	548,806	351
735 Washington Dr, Arlington, TX 76011	42642581	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corporat	Tarrant	0.8	$ 79,096,300	2024-12-13	$ 172.39	2020	458,819	346
2650 S Forum Dr, Grand Prairie, TX 75052	40975517	Apartments	Apartment Garden (1 - 4 stories)	Cw Forum Llc	Tarrant	6.4	$ 40,358,850	2024-11-19	$ 119.51	2005	337,690	304
1225 Ih 20, Grand Prairie, TX 75052	28103730010020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	8.0	$ 85,600,000	2024-12-20	$ 176.39	2021	485,300	380
2525 State Hwy 360, Euless, TX 76039	40034755	Apartments	Apartment Garden (1 - 4 stories)	Gep Xi Harlowe Lp	Tarrant	8.0	$ 113,100,000	2024-12-19	$ 338.87	2000	333,755	486
2800 Brazos Blvd, Euless, TX 76034	41563670	Apartments	Apartment Garden (1 - 4 stories)	1045 Edge Llc	Tarrant	8.1	$ 101,080,000	2025-08-28	$ 161.82	2012	624,642	417
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	12.7	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
365 Uptown Blvd, Cedar Hill, TX 75104	160456400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bw Midtown Cedar Hill Llc	Dallas	14.9	$ 59,045,350	2025-10-16	$ 132.34	2013	446,164	354
8032 Monterra Blvd, Fort Worth, TX 76177	42559217	Apartments	Apartment Garden (1 - 4 stories)	Wmci Dallas Xviib Llc	Tarrant	14.8	$ 66,476,060	2024-09-11	$ 126.81	2020	524,216	375
6165 Ridge Center Dr, Dallas, TX 75236	00000816038101100	Apartments	Apartment Garden (1 - 4 stories)	Jefferson Cedar Ridge Llc	Dallas	12.5	$ 63,042,000	2025-11-07	$ 165.19	2022	381,633	360
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	12.8	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433

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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 ↕
—	425 E Lamar Blvd, Arlington, TX 76011	—	-	242,367	2016	548,806	$ 71,925,311	$ 848,286	-
Cadence Bank Na	1800 Jay Cir, Arlington, TX 76012	09/09/2025	$ 725,000	21,850	1970	9,450	$ 962,955	$ 76,475	D & J BYLES LLC
Sofi Bank National Association	601 Greystoke Dr, Arlington, TX 76011	07/28/2025	$ 548,250	6,446	1984	3,996	$ 637,602	$ 22,561
Keybank National Association	2717 Lawrence Rd, Arlington, TX 76006	07/10/2025	$ 14,205,000	398,138	1980	152,322	$ 28,900,224	$ 1,393,483	Bmf Iv Tx Woodcreek Llc
Citi Real Estate Funding Inc	812 Brown Blvd, Arlington, TX 76011	06/04/2025	$ 598,400,000	522,197	1983	193,868	$ 35,174,278	$ 1,827,690	Residence At Redgate Llc
Forte Bank	927 N Oak St, Arlington, TX 76011	05/07/2025	$ 2,500,000	122,142	1984	56,760	$ 10,590,281	$ 427,497	Central Area Properties Llc
Walker & Dunlop Llc	2711 Trinity Bend Cir, Arlington, TX 76006	04/17/2025	$ 15,347,000	348,480	1984	161,179	$ 28,125,362	$ 1,219,680
Forte Bank	407 Cora St, Arlington, TX 76011	03/27/2025	$ 4,500,000	81,915	1952	44,416	$ 6,098,761	$ 286,702
Riversource Life Insurance Co	1101 Ne Green Oaks Blvd, Arlington, TX 76006	03/27/2025	$ 8,750,000	447,766	1995	212,947	$ 38,814,831	$ 1,567,181
Bspdf 2021fl1 Issuer Ltd	723 Brentford Pl, Arlington, TX 76006	03/18/2025	$ 21,000,000	416,434	1983	160,842	$ 28,156,621	$ 1,457,519	La Villa Housing Finance Corporation
Berkadia Commercial Mtg Llc	735 Washington Dr, Arlington, TX 76011	12/02/2024	$ 63,277,000	691,828	2020	458,819	$ 96,574,220	$ 2,421,398	Pecos Housing Finance Corporation

Mean$ 33,758,308

Median$ 10,643,000.0

Loan Amount Range$ 498,750 - $ 598,400,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32093516469

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/31/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	MANSFIELD MUSIC MENTORS, LLC
	Address Line	425 e lamar blvd apt 444
	City / State / Zip	arlington TX 76011
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48439
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	76011
Registration Details	SOS Code	A

License Timeline

License Issued

1/31/2024

Currently Active

Status: -

Renewal Required

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