4400 Memorial Dr 688, Houston, TX 77007 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 1971Total Assessed Value $71,644,005County Harris

Property Details

The Apartments property 4400 Memorial Dr 688, Houston, TX 77007 is located in Harris County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $71,644,005.

The gross building area is 603,637 square feet and the land area is 654,872 square feet for this Apartment Garden (1 - 4 stories) built in 1971.

Legal description: Res A Blk 1 Bayou Park

$71,644,005

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,516

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area603,637

Land Size654,872

Land Value$42,566,680

Improved Value$29,077,325

Total Assessed Value$71,644,005

Year Built1971

County NameHarris

Account Number1315820010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

FireplaceFireplace - Gas,Fireplace - Wood Burning

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Garage TypeCovered Parking/Carport,Parking Garage

PatioAvailable

Storage RoomAvailable

Social Activities1

Access Gates1

Shuttle Route1

Jogging Trail1

Personal Trainer1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Perimeter Fence1

School Bus Pickup1

Park Ride Nearby1

Emergency Maintenance1

Grocery Store1

Granite Countertops1

Steel Appliances1

Sales History

3/18/2025

Arms-lengthNot Disclosed

Buyer

La Villa Housing Finance Corporation

Seller

Makaan Bayou Park Spe Llc

Book Number

2025.114697

Recording Date

3/18/2025

Transaction Details

La Villa Housing Finance Corporation acquired the property from Makaan Bayou Park Spe Llc through a Arms-length transaction on 3/18/2025 for .

4/21/2022

Arms-length$130,606,000

Buyer

Makaan Bayou Park Spe Llc

Seller

Bayou Park Llc

Book Number

2022.211929

Recording Date

4/21/2022

Transaction Details

Makaan Bayou Park Spe Llc acquired the property from Bayou Park Llc through a Arms-length transaction on 4/21/2022 for $130,606,000.

11/21/2018

Arms-lengthNot Disclosed

Buyer

Bayou Park Llc

Seller

Alara Ventures Bayou Park Llc

Book Number

2018.527657

Recording Date

11/21/2018

Transaction Details

Bayou Park Llc acquired the property from Alara Ventures Bayou Park Llc through a Arms-length transaction on 11/21/2018 for .

4/30/2013

Arms-length$73,000,000

Buyer

Alara Ventura Park Llc

Seller

Bir Brompton, Lp

Book Number

20130206745

Recording Date

4/30/2013

Transaction Details

Alara Ventura Park Llc acquired the property from Bir Brompton, Lp through a Arms-length transaction on 4/30/2013 for $73,000,000.

Property constructed in 1971

YSale Price (USD) byXSales Year

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Mortgage History

4/22/2022

Sale$98,200,000

Borrower

Makaan Bayou Park Spe Llc

Lender

Arbor Realty Sr Inc & 1200 Mearns Meadow Db Llc

Book Number

RP-2022-211930

Recording Date

4/22/2022

Transaction Details

Makaan Bayou Park Spe Llc borrowed the property from Arbor Realty Sr Inc & 1200 Mearns Meadow Db Llc through a transaction on 4/22/2022 for $98,200,000.

12/21/2021

Reo and trustee deeds$79,200,000

Borrower

Bayou Park Llc

Lender

Ubs Bank Usa

Book Number

2021.729360

Recording Date

12/21/2021

Transaction Details

Bayou Park Llc borrowed the property from Ubs Bank Usa through a Reo and trustee deeds transaction on 12/21/2021 for $79,200,000.

5/15/2014

Arms length residential transactions purchase or resales$253,000

Borrower

Thalken Tyler

Lender

Dlt Family Llc

Book Number

20140251421

Recording Date

5/15/2014

Transaction Details

Thalken Tyler borrowed the property from Dlt Family Llc through a Arms length residential transactions purchase or resales transaction on 5/15/2014 for $253,000.

11/19/2010

Arms length residential transactions purchase or resales$8,800,000

Borrower

Bvf Ii Bayou Ii Limited Partnership

Lender

Prudential Affordable Mortgage Company

Book Number

2010.499195

Recording Date

11/19/2010

Transaction Details

Bvf Ii Bayou Ii Limited Partnership borrowed the property from Prudential Affordable Mortgage Company through a Arms length residential transactions purchase or resales transaction on 11/19/2010 for $8,800,000.

Property constructed in 1971

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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) ↕
2025	$42,566,680	$29,077,325	$71,644,005	$71,644,005	La Villa Housing Fin...	916 S Mike Chapa Dr	Res A Blk 1 Bayou Pa...	5902.02	Bayou Park	654,872	603,637
2024	$42,566,680	$22,433,320	$65,000,000	$65,000,000	Makaan Bayou Park Sp...	505 N Sam Houston Pk...	Res A Blk 1 Bayou Pa...	5902.02	Bayou Park	654,872	603,637
2023	$55,664,120	$16,335,880	$72,000,000	$72,000,000	Makaan Bayou Park Sp...	505 N Sam Houston Pk...	Res A Blk 1 Bayou Pa...	5902.02	BAYOU PARK	654,872	603,637
2022	$55,664,120	$19,335,880	$75,000,000	$75,000,000	Bayou Park Llc	8901 Gaylord Dr Ste ...	Res A Blk 1 Bayou Pa...	5902.02	BAYOU PARK	654,872	603,637
2021	$55,664,120	$7,335,880	$63,000,000	$63,000,000	Bayou Park Llc	8901 Gaylord Dr Ste ...	Res A Blk 1 Bayou Pa...	5902.02	BAYOU PARK	654,872	603,637
2020	$55,664,120	$7,335,880	$63,000,000	$63,000,000	Bayou Park Llc	8901 Gaylord Dr Ste ...	Res A Blk 1 Bayou Pa...	5902.02	-	654,872	603,637
2019	$55,664,120	$5,333,038	$60,997,158	$60,997,158	Bayou Park Llc	8901 Gaylord Dr Ste ...	Res A Blk 1 Bayou Pa...	5902.02	-	654,872	603,637
2018	$55,664,120	$2,138,350	$57,802,470	$57,802,470	Alara Ventures Bayou...	4400 Memorial Dr Uni...	Res A Blk 1 Bayou Pa...	5902.02	-	654,872	603,637
2017	$55,664,120	$12,428,520	$68,092,640	$68,092,640	Alara Ventures Bayou...	4400 Memorial Dr Uni...	Res A Blk 1 Bayou Pa...	5902.02	-	654,872	603,637
2016	$55,664,120	$13,141,051	$68,805,171	$68,805,171	Alara Ventures Bayou...	4400 Memorial Dr Uni...	RES A BLK 1 BAYOU PA...	5902.02	-	654,872	603,637

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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 ↕
4400 Memorial Dr 688, Houston, TX 77007	1315820010001	Apartments	Apartment Garden (1 - 4 stories)	Makaan Bayou Park Spe Llc	Harris	-	$ 130,606,000	2022-04-21	$ 216.37	1971	603,637	688
5454 Newcastle Dr 580, Houston, TX 77081	1170290000001	Apartments	Apartment Garden (1 - 4 stories)	Village At Bellaire Owner Llc	Harris	4.1	$ 140,625,000	2025-04-30	$ 219.05	1990	641,988	580
4010 Linkwood Dr 476, Houston, TX 77025	0440860000009	Apartments	Apartment Garden (1 - 4 stories)	Mvd Apartments Llc	Harris	5.8	$ 48,671,350	2025-11-10	$ 114.01	1969	426,919	476
5500 El Camino Del Rey St 401, Houston, TX 77081	0370590250003	Apartments	Apartment Garden (1 - 4 stories)	Jss Apartments Llc	Harris	5.3	$ 39,290,860	2025-08-18	$ 99.07	1970	396,594	401
2815 Greenridge Dr 405, Houston, TX 77057	0690430000020	Apartments	Apartment Garden (1 - 4 stories)	Wref Oxford Lp	Harris	5.5	$ 23,124,710	2024-06-21	$ 74.21	1969	311,623	405
9999 Kempwood Dr 326, Houston, TX 77080	1013410000001	Apartments	Apartment Garden (1 - 4 stories)	Sb3 Kempwood Hollow Llc	Harris	9.1	$ 25,835,250	2025-11-19	$ 83.84	1979	308,148	326
12000 Fleming Dr 704, Houston, TX 77013	0432110000525	Apartments	Apartment Garden (1 - 4 stories)	Timber Ridge Houston Owner Llc	Harris	11.0	$ 61,937,500	2025-04-09	$ 118.91	1981	520,866	704
1221 Redford St 856, Houston, TX 77034	1143160000004	Apartments	Apartment Garden (1 - 4 stories)	Redford Owner Llc	Harris	12.8	$ 91,475,000	2025-05-01	$ 132.46	1980	690,590	856
301 Benmar Dr 466, Houston, TX 77060	1086180000003	Apartments	Apartment Garden (1 - 4 stories)	Rockridge2016 Llc	Harris	12.6	$ 5,320,000	2024-08-06	$ 15.01	1977	354,416	466
9802 Forum Park Dr 708, Houston, TX 77036	1121370000013	Apartments	Apartment Garden (1 - 4 stories)	Westwood Houston Owner Llc	Harris	11.2	$ 83,147,700	2025-05-08	$ 132.48	1979	627,632	708
14531 Ella Blvd 520, Houston, TX 77014	0411150000169	Apartments	Apartment Garden (1 - 4 stories)	Alta30 Ll	Harris	15.1	$ 5,357,506	2025-03-26	$ 13.25	1982	404,248	520

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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 ↕
—	4400 Memorial Dr 688, Houston, TX 77007	—	-	654,872	1971	603,637	$ 71,644,005	$ 42,566,680	-
Berkadia Commercial Mtg Llc	3411 Cummins St, Houston, TX 77027	09/15/2025	$ 8,969,000	80,620	1963	107,712	$ 12,824,987	$ 8,062,000	Va9 Greenway Court Llc
Rflf 4 Llc	4320 Leeland St, Houston, TX 77023	08/29/2025	$ 2,315,250	22,510	1960	18,720	$ 1,119,572	$ 675,300	Dj Property Investments Llc
Bank Of The Orient	1849 Richmond Ave, Houston, TX 77098	08/27/2025	$ 930,000	8,403	1959	8,206	$ 1,126,390	$ 966,345	Dance Floor Llc
Genesis Capital Llc	4509 Mount Vernon St, Houston, TX 77006	08/06/2025	$ 5,400,000	21,366	2017	27,628	$ 7,221,467	$ 1,602,450	Mvl Property Owner Llc
Avatar Houston Apt Portfolio L	4411 Fulton St, Houston, TX 77009	05/16/2025	$ 7,336,000	69,091	1951	44,744	$ 4,259,107	$ 1,520,002	Station Leasehold Llc
Deutsche Bank Ag	2400 Hackett Dr, Houston, TX 77008	05/16/2025	$ 50,500,000	315,604	1971	228,344	$ 19,068,846	$ 7,890,100
Jll Real Estate Capital Llc	10 Oak Ct 243 Ste243, Houston, TX 77006	04/30/2025	$ 15,580,000	248,880	1998	229,108	$ 46,146,172	$ 24,888,000	Hsr Midtown Llc
Jll Real Estate Capital Llc	10 Oak Ct 243 Ste243, Houston, TX 77006	04/30/2025	$ 15,540,000	248,880	1998	229,108	$ 46,146,172	$ 24,888,000	-
Pcred Ii Lending Iv Llc	5454 Newcastle Dr, Houston, TX 77081	04/15/2025	$ 112,500,000	625,914	1990	641,988	$ 83,075,625	$ 12,518,280	Maverick County Housing Finance Corporation
Lument Real Estate Capital Llc	1903 Portsmouth St, Houston, TX 77098	03/06/2025	$ 2,922,000	23,309	1964	25,062	$ 3,416,735	$ 1,748,175	Csc 1903 Portsmouth Realty Llc

Mean$ 19,020,460

Median$ 6,518,000.0

Loan Amount Range$ 500 - $ 112,500,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	BAYOU PARK	7138619005	APARTMENTS
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	CAREFUL MOVERS	7132921233	MOVERS
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	ALERA VENTURES	7138615708	APARTMENTS
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	STARDUST PHOTOBOOTHS	2818108425	NONCLASSIFIED ESTABLISHMENTS
4400 MEMORIAL DR # 300, HOUSTON, TX 77007-7378	SPRAY FOAM INSULATION	7139551414	INSULATION CONTRACTORS-COLD & HEAT
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	BAYOU PARK	2817678577	REAL ESTATE MANAGEMENT
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	EPICUREAN GROUP	7138600041	ICE
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	EPICUREAN GROUP	7138600041	CATERERS
4400 MEMORIAL DR, HOUSTON, TX 77007-7341	BVF II BAYOU LP	7138619005	FEDERAL GOVERNMENT CONTRACTORS

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License Details

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