5155 Westheimer Rd, Houston, TX 77056 – Regional Shopping Mall

RetailYear Built 1985Total Assessed Value $86,098,885County Harris

Property Details

The Retail property 5155 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 $86,098,885.

The gross building area is 128,404 square feet and the land area is 125,405 square feet for this Regional Shopping Mall built in 1985.

Legal description: Unit 6-O Houston Galleria Condo 3Rd Amend

$86,098,885

Market Value

8.50%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5155 Westheimer Rd, Houston, TX 77056, Retail

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Property Information

Property TypeRetail

Sub Property TypeRegional Shopping Mall

Building Area128,404

Land Size125,405

Land Value$18,810,750

Improved Value$67,288,135

Total Assessed Value$86,098,885

Year Built1985

County NameHarris

Account Number1205380000011

Cap Rate8.50%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Type ConstructionConcrete block

No of Stories1

Elevator

Exterior WallsConcrete

Sales History

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Mortgage History

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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	$18,810,750	$72,932,346	$91,743,096	$91,743,096	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2025	$18,810,750	$64,461,946	$83,272,696	$83,272,696	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2024	$18,810,750	$61,121,968	$79,932,718	$79,932,718	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2023	$18,810,750	$58,067,820	$76,878,570	$76,878,570	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	HOUSTON GALLERIA CON...	125,405	128,404
2022	$18,810,750	$47,663,587	$66,474,337	$66,474,337	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	HOUSTON GALLERIA CON...	125,405	128,404
2021	$18,810,750	$45,964,590	$64,775,340	$64,775,340	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	HOUSTON GALLERIA CON...	125,405	128,404
2020	$18,810,750	$51,197,588	$70,008,338	$70,008,338	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2019	$18,810,750	$52,988,531	$71,799,281	$71,799,281	Hg Galleria Llc	Po Box 6120	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2018	$18,810,750	$75,040,366	$93,851,116	$93,851,116	Saks & Company % Pro...	Po Box 20080	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404
2017	$18,810,750	$6,160,487	$24,971,237	$24,971,237	Saks & Company % Pro...	Po Box 20080	Unit 6-O Houston Gal...	5906.01	-	125,405	128,404

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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 ↕
5155 Westheimer Rd, Houston, TX 77056	1205380000011	Retail	Regional Shopping Mall	Hg Galleria Llc	Harris	-	-	-	-	1985	128,404	-
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
1269 Nexton Pkwy, Summerville, SC 29486	221-00-00-171	Retail	Regional Shopping Mall	Tng Nexton Llc	Berkeley	936.2	$ 1,892,000	2024-07-09	$ 29.16	2024	64,874	-
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	-

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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 ↕
—	5155 Westheimer Rd, Houston, TX 77056	—	-	125,405	1985	128,404	$ 86,098,885	$ 18,810,750	-
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

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License Details

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