5105 Westheimer Rd, Houston, TX 77056 – Regional Shopping Mall

RetailYear Built 1974Total Assessed Value $80,960,770County Harris

Property Details

The Retail property 5105 Westheimer Rd, Houston, TX 77056 is located in Harris County. The specific property type is Regional Shopping Mall. The total assessed value of this property is $80,960,770.

The gross building area is 126,877 square feet and the land area is 0 square feet for this Regional Shopping Mall built in 1974.

Legal description: Unit 6P (Imps Only) Houston Galleria Condo 3Rd Amend

$80,960,770

Market Value

8.50%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5105 Westheimer Rd, Houston, TX 77056, Retail

1 / 3

Property Information

Property TypeRetail

Sub Property TypeRegional Shopping Mall

Building Area126,877

Land Size0

Land Value$0

Improved Value$80,960,770

Total Assessed Value$80,960,770

Year Built1974

County NameHarris

Account Number1205380000012

Cap Rate8.50%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Type ConstructionSteel

No of Stories1

Exterior WallsConcrete

Sales History

8/21/2013

OtherNot Disclosed

Buyer

Ia Lodging Houston Galleria, Lp

Seller

Charles Leonard

Book Number

Recording Date

8/21/2013

Transaction Details

Ia Lodging Houston Galleria, Lp acquired the property from Charles Leonard through a Other transaction on 8/21/2013 for .

Property constructed in 1974

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

9/8/2021

Helocs both purchase money and non purchase money helocs$110,000,000

Borrower

The Neiman Marcus Group Llc

Lender

Wilmington Trust

Book Number

2021.524770

Recording Date

9/8/2021

Transaction Details

The Neiman Marcus Group Llc borrowed the property from Wilmington Trust through a Helocs both purchase money and non purchase money helocs transaction on 9/8/2021 for $110,000,000.

Property constructed in 1974

Loading Mortgage History...

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 ↕	GBA (SF) ↕
2026	-	$87,183,204	$87,183,204	$87,183,204	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2025	-	$77,560,312	$77,560,312	$77,560,312	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2024	-	$74,102,189	$74,102,189	$74,102,189	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2023	-	$70,691,506	$70,691,506	$70,691,506	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	HOUSTON GALLERIA CON...	126,877
2022	-	$59,932,067	$59,932,067	$59,932,067	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	HOUSTON GALLERIA CON...	126,877
2021	-	$58,682,030	$58,682,030	$58,682,030	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	HOUSTON GALLERIA CON...	126,877
2020	-	$64,058,225	$64,058,225	$64,058,225	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2019	-	$65,327,210	$65,327,210	$65,327,210	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2018	-	$62,841,793	$62,841,793	$62,841,793	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877
2017	-	$67,770,631	$67,770,631	$67,770,631	The May Dept Store C...	Po Box 6120	Unit 6P (Imps Only) ...	5906.01	-	126,877

Showentries

Showing 1 to 10 of 18 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
5105 Westheimer Rd, Houston, TX 77056	1205380000012	Retail	Regional Shopping Mall	The May Dept Store Co Property Tax Dept	Harris	-	-	-	-	1974	126,877	-
610 E Peace St, Canton, MS 39046	093D-20B-033/01	Retail	Regional Shopping Mall	Cave Properties Llc	Madison	380.3	$ 665,000	2023-12-01	$ 13.88	1970	47,904	-
3662 W Camp Wisdom Rd, Dallas, TX 75237	00693100A10010000	Retail	Regional Shopping Mall	3662 W Camp Wisdom Llc	Dallas	219.6	$ 16,827,825	2024-11-15	$ 53.26	1975	315,940	-
1500 Highway 301, Santee, SC 29142	0323-05-03-001	Retail	Regional Shopping Mall	Santee Outlet Mall Llc	Orangeburg	923.5	$ 2,500,000	2022-12-09	$ 53.17	1988	47,017	-
3701 S Main St, Elkhart, IN 46517	20-06-22-401-002.000-011	Retail	Regional Shopping Mall	Elkhart Concord Llc	Elkhart	985.3	$ 5,246,900	2023-10-04	$ 26.51	1972	197,942	-
1991 Odonnell Rd, Williamsburg, IA 52361	0634-0304-3	Retail	Regional Shopping Mall	Sre Hawkeye, Llc	Iowa	853.1	$ 4,459,000	2024-11-19	$ 87.43	1991	51,000	-
4003 Cleveland Ave, Fort Myers, FL 33901	36-44-24-P4-00018.0000	Retail	Regional Shopping Mall	Seritage Src Finance Llc	Lee	860.3	$ 5,819,500	2024-11-18	$ 37.17	1964	156,571	-
2405 Memorial Blvd, Kingsport, TN 37664	082061E H 01000	Retail	Regional Shopping Mall	Ajm Llc	Sullivan	887.7	$ 2,625,000	2023-06-30	$ 28.94	1976	90,706	-
6200 Grandview Pkwy, Davenport, FL 33837	272607701260000040	Retail	Regional Shopping Mall	Prep Posner Real Estate Llc	Polk	846.2	$ 57,150,000	2025-05-29	$ 225.13	2008	253,855	8
1275 Nw 107 Ave, Doral, FL 33172	35-3032-008-0080	Retail	Regional Shopping Mall	1275 Nw 107th Ave Llc	Miami-Dade	967.5	$ 5,875,000	2023-09-27	$ 53.46	1985	109,899	-
2021 N Highland Ave, Jackson, TN 38305	057055M E 00200	Retail	Regional Shopping Mall	Pacific Commodities Llc	Madison	565.0	$ 5,465,000	2022-12-07	$ 90.24	1981	60,559	1

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5105 Westheimer Rd, Houston, TX 77056	—	-	0	1974	126,877	$ 80,960,770	-	-
Old Plank Trail Cmty Bank Na	10031 Fm 1960 Bypass Rd W Ste F2 SteF2, Humble, TX 77338	09/11/2025	$ 250,000	61,202	2007	9,252	$ 2,744,887	$ 1,530,050	Humble Th Llc
Cadence Bank Na	15718 S Highway 288, Pearland, TX 77581	08/08/2025	$ 3,100,000	101,752	2014	16,694	$ 4,518,000	$ 1,984,160	4gf Group Llc
American National Bank & Trust	5617 Kemp Blvd, Wichita Falls, TX 76308	04/11/2025	$ 75,000	12,197	1985	3,784	$ 66,977	$ 29,272
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
Ladder Capital Finance Llc	4200 S Fwy, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	77,200	1960	14,095	$ 2,381,919	$ 694,800	Town Center Mall Lp
Ladder Capital Finance Llc	250 E Bolt St, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	388,668	1960	117,949	$ 9,970,345	$ 1,166,004	Town Center Mall Lp
Ladder Capital Finance Llc	4200 South Fwy, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	60,984	1960	10,068	$ 619,205	$ 182,952
Berkadia Commercial Mtg Llc	7010 Easy Wind Dr, Austin, TX 78757	02/25/2025	$ 102,186,000	39,422	2008	29,277	$ 9,787,153	$ 3,153,744	Mc Apartments Borrower Lp
Teachers Insurance&annuity Ass	1375 W Ih 20, Arlington, TX 76015	02/12/2025	$ 165,000,000	42,772	1987	4,632	$ 470,492	$ 470,492	Parks At Arlington Llc
Teachers Insurance&annuity Ass	3881 S Cooper St, Arlington, TX 76015	02/12/2025	$ 165,000,000	182,734	1987	91,717	$ 8,643,812	$ 1,827,340	Parks At Arlington Llc

Mean$ 77,760,649

Median$ 4,850,000.0

Loan Amount Range$ 75,000 - $ 650,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Loading Tenant Details...

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...