500 S Ervay St Unit120, Dallas, TX 75201 – Apartment High Rise (5+ stories)

ApartmentsYear Built 1911Total Assessed Value $71,141,400County Dallas

Property Details

The Apartments property 500 S Ervay St Unit120, Dallas, TX 75201 is located in Dallas County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $71,141,400.

The gross building area is 613,996 square feet and the land area is 110,991 square feet for this Apartment High Rise (5+ stories) built in 1911.

Legal description: Tuberville All Blk F/100 Acs 2.548 Int201400029816 Dd02032014 Co-Dc 0100 00F 00100 1Da0100 00F

$75,872,710

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$5,076

Avg Rent

Property Image of 500 S Ervay St Unit120, Dallas, TX 75201, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area613,996

Land Size110,991

Land Value$5,542,650

Improved Value$70,330,060

Total Assessed Value$71,141,400

Year Built1911

County NameDallas

Account Number00000101842000000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

PoolSwimming Pools

Type ConstructionFrame

No of Stories9

Garage TypeParking Garage

BasementFull basement

Bathrooms27

Wood DeckAvailable

Business Center1

Walk-in Closets1

Refrigerator1

Number of Units508

Sales History

6/25/2024

Arms-length$34,580,000

Buyer

Evergreen Dallas Hospitality Lp

Seller

Butler Brothers Hospitality Group Llc

Book Number

2024.127833

Recording Date

6/25/2024

Transaction Details

Evergreen Dallas Hospitality Lp acquired the property from Butler Brothers Hospitality Group Llc through a Arms-length transaction on 6/25/2024 for $34,580,000.

4/1/2018

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

4/1/2018

Transaction Details

acquired the property from through a Other transaction on 4/1/2018 for .

2/3/2014

Arms-length$61,875,000

Buyer

Butler Brothers Hospitality Group Llc , Renaissance Tower

Seller

Alterra 500 South Ervay

Book Number

201400029816

Recording Date

2/3/2014

Transaction Details

Butler Brothers Hospitality Group Llc , Renaissance Tower acquired the property from Alterra 500 South Ervay through a Arms-length transaction on 2/3/2014 for $61,875,000.

11/9/2000

Other$5,000,000

Buyer

Seller

Book Number

Recording Date

11/9/2000

Transaction Details

acquired the property from through a Other transaction on 11/9/2000 for $5,000,000.

Property constructed in 1911

YSale Price (USD) byXSales Year

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Mortgage History

6/25/2024

New construction residential transactions$26,000,000

Borrower

Evergreen Dallas Hospitality Lp

Lender

Regent Bank

Book Number

2024.127836

Recording Date

6/25/2024

Transaction Details

Evergreen Dallas Hospitality Lp borrowed the property from Regent Bank through a New construction residential transactions transaction on 6/25/2024 for $26,000,000.

2/3/2014

Sale$49,500,000

Borrower

Sws Financial Services Inc

Lender

Book Number

Recording Date

2/3/2014

Transaction Details

Sws Financial Services Inc borrowed the property from through a transaction on 2/3/2014 for $49,500,000.

Property constructed in 1911

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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) ↕
2024	$5,542,650	$70,330,060	$71,141,400	$75,872,710	Butler Brothers Hosp...	1201 Elm St Ste 5270	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,991	613,996
2023	$4,988,390	$58,238,870	$63,227,260	$63,227,260	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2022	$7,205,450	$49,128,370	$56,333,820	$56,333,820	Butler Brothers Hosp...	1201 Elm St Ste 5270	Tuberville All Blk F...	1DSJ7G	-	110,853	613,996
2021	$7,205,450	$36,078,370	$43,283,820	$43,283,820	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2020	$7,205,450	$47,678,370	$54,883,820	$54,883,820	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	-	110,853	613,996
2019	$7,205,450	$37,794,550	$45,000,000	$45,000,000	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2018	$4,434,120	$37,550,720	$41,984,840	$41,984,840	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2017	$3,325,590	$38,659,250	$41,984,840	$41,984,840	Butler Brothers Hosp...	Renaissance Tower, 1...	Tuberville All Blk F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2016	$3,325,590	$1,613,490	$4,939,080	$4,939,080	Butler Brothers Hosp...	Renaissance Tower, 1...	TUBERVILLE ALL BLK F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996
2015	$2,217,060	$1,000	$2,218,060	$2,218,060	Butler Brothers Hosp...	Renaissance Tower, 1...	TUBERVILLE ALL BLK F...	1DSJ7G	TUBERVILLE ALL	110,853	613,996

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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 ↕
500 S Ervay St Unit120, Dallas, TX 75201	00000101842000000	Apartments	Apartment High Rise (5+ stories)	Butler Brothers Hospitality Group Llc , Renaissance Tower	Dallas	-	$ 34,580,000	2024-06-25	$ 56.32	1911	613,996	508
909 Texas Ave 308, Houston, TX 77002	0010570000009	Apartments	Apartment High Rise (5+ stories)	Galium Rice Llc	Harris	226.3	$ 64,997,100	2023-02-03	$ 162.64	1913	399,643	308
360 Wacouta St, Saint Paul, MN 55101	31-29-22-44-0089	Apartments	Apartment High Rise (5+ stories)	Bigoscosmopolitan Llc	Ramsey	869.1	$ 33,900,000	2024-01-29	$ 90.66	1915	373,915	257
306 N Graham St, Charlotte, NC 28202	078-064-01	Apartments	Apartment High Rise (5+ stories)	Graham Street Apartments 2024 Llc	Mecklenburg	933.6	$ 7,343,000	2024-03-08	$ 20.18	1928	363,841	-
1009 W Juneau Ave, Milwaukee, WI 53233	391-0862-000	Apartments	Apartment High Rise (5+ stories)	-	Milwaukee	862.4	$ 19,200,000	2025-06-30	$ 91.85	1882	209,034	-
545 Power Plant Cir, Winston Salem, NC 27101	6835-47-0574.00	Apartments	Apartment High Rise (5+ stories)	Tbr Plant 64 Owner Llc	Forsyth	975.3	$ 83,500,000	2023-03-09	$ 333.07	1923	250,695	-
8200 Research Blvd, Austin, TX 78758	240376	Apartments	Apartment High Rise (5+ stories)	Park At Crestview Deng Llc	Travis	177.0	$ 55,894,580	2023-04-21	$ 249.23	1968	224,272	248
1630 Rutland Dr, Austin, TX 78758	250222	Apartments	Apartment High Rise (5+ stories)	Ashford Costa Azure Llc	Travis	175.6	$ 41,731,410	2022-11-29	$ 223.51	1971	186,712	240
2101 Burton Dr, Austin, TX 78741	287604	Apartments	Apartment High Rise (5+ stories)	Array Holdings Lsp Llc Etal	Travis	185.4	$ 73,948,000	2022-08-17	$ 222.81	1971	331,888	369
386 Wabasha St, Saint Paul, MN 55102	06-28-22-12-0033	Apartments	Apartment High Rise (5+ stories)	Ivp St Paul Mf Conversion Llc	Ramsey	868.8	$ 17,868,000	2022-12-29	$ 91.15	1971	196,019	-
4901 Sheboygan Ave, Madison, WI 53705	0709-202-0401-6	Apartments	Apartment High Rise (5+ stories)	Carolina Holdings Llc	Dane	819.8	$ 45,200,000	2022-11-16	$ 129.26	1969	349,680	286

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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 ↕
—	500 S Ervay St Unit120, Dallas, TX 75201	—	-	110,991	1911	613,996	$ 71,141,400	$ 5,542,650	-
Walker & Dunlop Llc	712 N Hampton St, Fort Worth, TX 76102	09/25/2025	$ 44,500,000	59,459	2019	35,992	$ 7,511,700	$ 178,377	-
Walker & Dunlop Llc	701 N Hampton St, Fort Worth, TX 76102	09/25/2025	$ 44,500,000	311,585	2019	442,989	$ 62,218,599	$ 934,755	-
Gs Go Ii Reit Llc	1127 Pearl Retreat Lane, Austin, TX 78753	09/11/2025	$ 38,000,000	647,916	2020	266,728	$ 64,310,000	$ 8,422,895	Mag Citadel Lp
Bds V Reit Llc	3100 Scofield Ridge Pkwy, Austin, TX 78727	09/10/2025	$ 30,767,500	142,920	2022	130,350	$ 44,069,813	$ 3,037,058	Mpc Scofield Lp
Bredif Jpm Seller Llc	901 Commerce St, Fort Worth, TX 76102	07/31/2025	$ 100,000,000	27,530	2022	567,901	$ 112,734,496	$ 2,477,700	9th And Commerce Fort Worth Ll
Arbor Commercial Funding I Llc	2401 Pflugerville Pkwy, Pflugerville, TX 78660	07/31/2025	$ 50,000,000	737,122	2022	302,400	$ 55,569,017	$ 7,371,223	Hollybrook Ranch Llc
Keybank National Association	4025 Duval Rd, Austin, TX 78759	07/31/2025	$ 50,022,000	1,089,044	1994	417,231	$ 96,068,977	$ 8,712,344	Bmef San Marin Limited Partner
Bsp Odf Ii Finance Llc	1915 Wells Branch Pkwy, Austin, TX 78728	03/13/2025	$ 24,500,000	483,080	1986	223,736	$ 33,750,000	$ 2,898,480	1915 Wbp Owner Llc
Wells Fargo Bank Na	14761 Merrilltown Dr, Austin, TX 78728	03/06/2025	$ 102,741	978,684	1998	266,574	$ 32,394,783	$ 14,680,265
Vista Bank	404 E Olympic Dr, Pflugerville, TX 78660	02/25/2025	$ 36,500,000	459,906	2024	242,550	$ 1,861,635	$ 919,813	100 Dessau Leasehold Lp

Mean$ 42,610,767

Median$ 37,250,000.0

Loan Amount Range$ 90,000 - $ 237,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
500 S ERVAY ST APT 827, DALLAS, TX 75201-5650	FUN YARD SIGNS	9725039289	TILE-CERAMIC-CONTRACTORS & DEALERS
500 S ERVAY ST, DALLAS, TX 75201-6316	CRAIG TVEDT FITNESS	3106230089	PERSONAL TRAINERS-FITNESS
500 S ERVAY ST, DALLAS, TX 75201-6316	DALLAS FRAMELESS GLASS	4697817675	BATHROOM REMODELING
500 S ERVAY ST, DALLAS, TX 75201-6316	BCOMP BUTLER BROS	4698996294	NONCLASSIFIED ESTABLISHMENTS
500 S ERVAY ST APT 827, DALLAS, TX 75201-5650	FUN YARD SIGNS	9725039289	SIGNS (MFRS)
500 S ERVAY ST, DALLAS, TX 75201-6316	MOTOPIA	2147520155	MOTORCYCLES & MOTOR SCOOTERS-DEALERS
500 S ERVAY ST APT 461B, DALLAS, TX 75201-5603	WILSON, RUSSELL P	2146538800	ATTORNEYS
500 S ERVAY ST, DALLAS, TX 75201-6316	EZ DALLAS JUNK REMOVAL	2148173541	JUNK REMOVAL
500 S ERVAY ST, DALLAS, TX 75201-6316	BUTLER BROTHERS BUILDING	2147523710	APARTMENTS

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License Details

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