5885 Gulf Fwy, Texas City, TX 77539 – Retail - Single Occupancy

RetailYear Built 2012Total Assessed Value $80,078,100County Galveston

Property Details

The Retail property 5885 Gulf Fwy, Texas City, TX 77539 is located in Galveston County. The specific property type is Retail - Single Occupancy. The total assessed value of this property is $80,078,100.

The gross building area is 355,987 square feet and the land area is 2,046,771 square feet for this Retail - Single Occupancy built in 2012.

Legal description: Galveston Outlets (2013) Abst 11, Block 1, Pt Of Res A, Acres 46.9874

$80,078,100

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5885 Gulf Fwy, Texas City, TX 77539, Retail

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Property Information

Property TypeRetail

Sub Property TypeRetail - Single Occupancy

Building Area355,987

Land Size2,046,771

Land Value$13,017,460

Improved Value$67,060,640

Total Assessed Value$80,078,100

Year Built2012

County NameGalveston

Account Number602146

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverRoll composition

Type ConstructionOther

No of Stories1

Exterior WallsSiding alum or vinyl

Sales History

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Mortgage History

6/26/2025

Non arms length transactions with valid title company name no accomodations$60,000,000

Borrower

Galveston Outlets Llc

Lender

Bank Of America Na

Book Number

2025.30065

Recording Date

6/26/2025

Transaction Details

Galveston Outlets Llc borrowed the property from Bank Of America Na through a Non arms length transactions with valid title company name no accomodations transaction on 6/26/2025 for $60,000,000.

6/16/2023

Arms length residential transactions purchase or resales$58,000,000

Borrower

Galveston Outlets Llc

Lender

Firstcitizens Bank & Trust Co

Book Number

2023.31514

Recording Date

6/16/2023

Transaction Details

Galveston Outlets Llc borrowed the property from Firstcitizens Bank & Trust Co through a Arms length residential transactions purchase or resales transaction on 6/16/2023 for $58,000,000.

Property constructed in 2012

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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	$13,017,460	$50,682,540	$63,700,000	$63,700,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	RETAIL-S11	S3512	2,046,771	355,987
2024	$13,017,460	$66,597,440	$79,614,900	$79,614,900	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	RETAIL-S11	S3512	2,046,771	355,987
2023	$13,017,460	$51,982,540	$65,000,000	$65,000,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	RETAIL-S11	S3512	2,046,771	355,987
2022	$6,140,310	$68,859,690	$75,000,000	$75,000,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	MTR-31	0001	2,046,771	355,987
2021	$6,140,310	$75,520,690	$81,661,000	$81,661,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	MTR-31	0001	2,046,771	355,987
2020	$6,140,310	$83,730,300	$89,870,610	$89,870,610	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	MTR-31	0001	2,046,771	355,987
2019	$6,143,400	$68,856,600	$75,000,000	$75,000,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	116.1-RA	0001	2,047,799	355,987
2018	$6,143,400	$71,856,600	$78,000,000	$78,000,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	116.1-RA	0001	2,047,799	355,987
2017	$6,143,400	$73,856,600	$80,000,000	$80,000,000	Galveston Outlets Ll...	3200 Northline Ave S...	Galveston Outlets (2...	116.1-RA	0001	2,047,799	355,987
2016	$6,143,400	$82,534,100	$88,677,500	$88,677,500	Galveston Outlets Ll...	3200 Northline Ave S...	GALVESTON OUTLETS (2...	116.1-RA	0001	2,047,799	355,987

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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 ↕
5885 Gulf Fwy, Texas City, TX 77539	602146	Retail	Retail - Single Occupancy	Galveston Outlets Llc	Galveston	-	-	-	-	2012	355,987	-
7524 Bosque Blvd, Woodway, TX 76712	169099	Retail	Retail - Single Occupancy	Vpa Properties Inc	McLennan	194.4	$ 2,600,000	2024-01-18	$ 20.43	1981	127,252	2
3517 Catclaw Dr, Abilene, TX 79606	969244	Retail	Retail - Single Occupancy	Corsair Abilene Owner Llc	Taylor	349.4	$ 18,952,500	2024-07-22	$ 113.56	2004	166,901	-
2900 W Washington, Stephenville, TX 76401	R000022375	Retail	Retail - Single Occupancy	Bosque 377 Centre Investor Ltd And	Erath	270.8	$ 17,722,250	2024-10-21	$ 85.31	1996	207,733	-
13540 Hoover Creek Blvd, Charlotte, NC 28273	219-061-10	Retail	Retail - Single Occupancy	Rcg Charlotte Pm Llc	Mecklenburg	914.9	$ 21,677,000	2025-06-18	$ 149.00	2014	145,486	-
3450 Nw 83 Ave, Doral, FL 33122	35-3027-074-0060	Retail	Retail - Single Occupancy	Cr Cityplace Llc	Miami-Dade	940.3	$ 78,090,600	2025-06-05	$ 369.49	2017	211,349	-
2408 Sardis Rd, Charlotte, NC 28227	193-111-01	Retail	Retail - Single Occupancy	2500 Sardis Rd N Llc	Mecklenburg	930.0	$ 8,340,000	2023-07-20	$ 56.52	1990	147,546	1
120 E Ih 20, Weatherford, TX 76087	R000085767	Retail	Retail - Single Occupancy	Weatherford I Llc & Span Llc	Parker	281.0	$ 21,000,000	2022-06-07	$ 190.55	2005	110,206	-
8171 8373 W Sunrise Blvd, Plantation, FL 33322	49-41-33-05-0010	Retail	Retail - Single Occupancy	Hvp V Epic Jacaranda Llc	Broward	937.1	$ 53,000,000	2025-12-02	$ 377.69	1974	140,325	-
2814 S Main St 2850, High Point, NC 27263	0199409	Retail	Retail - Single Occupancy	Standard Insurance Company	Guilford	989.3	$ 11,750,000	2022-09-09	$ 72.63	1980	161,776	-
1050 S Bishop Ave, Rolla, MO 65401	71-09-6.0-14-003-002-002.000	Retail	Retail - Single Occupancy	Rolla Enterprises Llc	Phelps	620.6	$ 3,000,000	2025-09-05	$ 17.80	1975	168,500	-

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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 ↕
—	5885 Gulf Fwy, Texas City, TX 77539	—	-	2,046,771	2012	355,987	$ 80,078,100	$ 13,017,460	-
Hometown Bank Na	17600 N Kobayashi Rd, Webster, TX 77598	07/29/2025	$ 1,000,000	34,599	2000	6,000	$ 928,567	$ 276,792
Golden Bank Na	2220 Gulf Fwy S, League City, TX 77573	07/02/2025	$ 100,000	97,572	1970	12,100	$ 1,444,300	$ 975,720	Ezway Corporation
Bank Of America Na	5885 Gulf Fwy, Texas City, TX 77539	06/26/2025	$ 60,000,000	2,046,771	2012	355,987	$ 80,078,100	$ 13,017,460	Galveston Outlets Llc
Agility Bank Na	114 Slossen St, Webster, TX 77598	06/14/2025	$ 2,000,000	7,501	1992	2,500	$ 342,511	$ 60,308	Yari Investments Family Limited Partnership
Veritex Community Bank	4200 Hwy 3, Dickinson, TX 77539	06/10/2025	$ 4,275,289	20,851	1976	2,356	$ 864,860	$ 189,740	Rambo Enterprise Llc
Ecpjreo Llc Series 2501	2501 S Highway 35 Bypass, Alvin, TX 77511	06/05/2025	$ 390,000	15,682	1985	4,321	$ 297,040	$ 142,700	Kenns Plumbing Inc
First State Bank Of Louise	225 W Sealy, Alvin, TX 77511	05/19/2025	$ 340,000	5,000	1934	4,773	$ 309,600	$ 13,650	Longhorn Land Holdings Llc
Jet Lending Llc	10000 Emmett F Lowry Expy, Texas City, TX 77591	03/27/2025	$ 3,900,000	1,002,063	1990	235,735	$ 39,926,700	$ 879,310	Jmk5 Mall Of The Mainland Llc
Wl & F Llc	5307 Gulf Fwy, La Marque, TX 77568	03/19/2025	$ 1,200,000	75,568	2012	10,300	$ 588,984	$ 121,820
Wl & F Llc	5301 Gulf Fwy, Hitchcock, TX 77563	03/19/2025	$ 1,200,000	29,881	1975	6,100	$ 316,800	$ 60,340

Mean$ 3,364,825

Median$ 600,000.0

Loan Amount Range$ 16,945 - $ 60,000,000

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License Details

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