12770 Shops Parkway, Austin, TX 78738 – Community Shopping Center

RetailYear Built 2005Total Assessed Value $94,623,750County Travis

Property Details

The Retail property 12770 Shops Parkway, Austin, TX 78738 is located in Travis County. The specific property type is Community Shopping Center. The total assessed value of this property is $94,623,750.

The gross building area is 329,639 square feet and the land area is 1,746,991 square feet for this Community Shopping Center built in 2005.

Legal description: 40.1054 Ac Of Lots 2&8 Blk A, Lots 1&3 Blk B, Lot 1 Blk C Shops At The Galleria Lts 2,8-9 Blk A & Lts 1-4 Blk B, Lt 1 Blk C, Lt 6A Blk A Replat & Lot 1 Trading Post Subd Amd Plat Of Lots 1&2

$94,623,750

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 12770 Shops Parkway, Austin, TX 78738, Retail

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Property Information

Property TypeRetail

Sub Property TypeCommunity Shopping Center

Building Area329,639

Land Size1,746,991

Land Value$26,204,891

Improved Value$68,418,859

Total Assessed Value$94,623,750

Year Built2005

County NameTravis

Account Number850965

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverWood shake or shingles

Roof TypeFlat

Type ConstructionOther

No of Stories1

Sales History

4/1/2016

Other$132,000,000

Buyer

Seller

Book Number

Recording Date

4/1/2016

Transaction Details

acquired the property from through a Other transaction on 4/1/2016 for $132,000,000.

Property constructed in 2005

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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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	$26,204,891	$77,131,789	$103,336,680	$103,336,680	Ivt Shops At Galleri...	917 W Washington Blv...	40.1054 Ac Of Lots 2...	SW	S18797	1,746,993	329,638
2025	$26,204,891	$68,418,859	$94,623,750	$94,623,750	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	40.1054 Ac Of Lots 2...	SW	S18797	1,746,991	329,639
2024	$26,204,891	$67,208,618	$93,413,509	$93,413,509	Ivt Shops At Galleri...	917 W Washington Blv...	40.1054 Ac Of Lots 2...	SW	S18797	1,746,991	329,639
2023	$369,540	$71,799,269	$369,540	$369,540	State Of Texas	% Ivt Shops At Galle...	0.5656 Ac Of Lots 2&...	SW	S18797	24,638	382,432
2022	$26,574,431	$72,425,569	$99,000,000	$99,000,000	Ivt Shops At Galleri...	Po Box 6035 %equity ...	Lots 2&8 Blk A, Lots...	SW	S18797	1,771,629	329,639
2021	$26,574,431	$63,712,175	$90,286,606	$90,286,606	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	Lots 2&8 Blk A, Lots...	41SWE	S18797	1,771,629	329,639
2020	$26,574,431	$82,034,073	$108,608,504	$108,608,504	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	Lots 2&8 Blk A, Lots...	41SWE	S18797	1,771,629	329,639
2019	$42,478,777	$51,080,898	$93,559,675	$93,559,675	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	Lots 2&8 Blk A, Lots...	41SWE	S18797	1,771,629	329,639
2018	$26,574,432	$68,672,868	$95,247,300	$95,247,300	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	Lots 2&8 Blk A, Lots...	41SWE	S18797	1,771,629	329,639
2017	$26,574,431	$69,148,325	$95,722,756	$95,722,756	Ivt Shops At Galleri...	Bee Cave Galleria Ii...	Lots 2&8 Blk A, Lots...	41FWE	S18797	1,771,629	329,638

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Showing 1 to 10 of 12 entries

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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 ↕
12770 Shops Parkway, Austin, TX 78738	850965	Retail	Community Shopping Center	Ivt Shops At Galleria	Travis	-	$ 132,000,000	2016-04-01	$ 400.44	2005	329,639	-
5412 Walzem Rd, Windcrest, TX 78218	590158	Retail	Community Shopping Center	Ap Growth Properties Lp	Bexar	61.4	$ 17,500,000	2023-10-30	$ 165.91	1981	105,480	7
6715 Nw Loop 410, San Antonio, TX 78238	574888	Retail	Community Shopping Center	Dml Sa Westpark Lp	Bexar	71.7	$ 12,635,000	2023-08-17	$ 117.20	1984	107,811	3
4610 Highway 6, Sugar Land, TX 77478	R171206	Retail	Community Shopping Center	Fc Marketplace Associates Lp	Fort Bend	150.5	$ 15,561,000	2025-08-13	$ 133.27	1993	116,759	-
1301 Airport Fwy W, Euless, TX 76040	04413830	Retail	Community Shopping Center	Dmlran Etc Lp	Tarrant	182.7	$ 16,957,500	2023-06-22	$ 62.60	1982	270,890	1
9333 Research Blvd, Austin, TX 78759	460898	Retail	Community Shopping Center	Scp 9333 Research Blvd Llc	Travis	13.2	$ 47,500,000	2023-03-10	$ 252.08	1996	188,430	-
1513 W Bay Area Blvd, Webster, TX 77598	1167680030001	Retail	Community Shopping Center	Owrf Baybrook Llc	Harris	176.4	$ 41,695,500	2025-11-25	$ 179.60	1991	232,156	-
3555 Mercer University Dr, Macon, GA 31204	N083-0132 01	Retail	Community Shopping Center	Macon Commercial Llc	Bibb	860.9	$ 3,900,000	2024-04-05	$ 36.36	1986	107,274	-
525 Lakeland Plz, Cumming, GA 30040	C20 013	Retail	Community Shopping Center	Orf Viii Lakeland Plaza Llc	Forsyth	853.8	$ 11,605,500	2023-05-18	$ 39.87	1990	291,064	-
14001 W Colonial Dr, Winter Garden, FL 34787	22-22-27-9386-01-000	Retail	Community Shopping Center	127 Amm Llc	Orange	996.0	$ 24,500,000	2022-06-06	$ 176.20	1987	139,046	-
13601 Washington St 2---lo, Kansas City, MO 64145	66-340-06-01	Retail	Community Shopping Center	Hkc Property Holdings Llc,	Jackson	625.7	$ 2,537,000	2022-08-03	$ 25.12	2005	101,000	-

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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 ↕
—	12770 Shops Parkway, Austin, TX 78738	—	-	1,746,991	2005	329,639	$ 94,623,750	$ 26,204,891	-
Bank Of Houston	14485 Bellaire Blvd, Houston, TX 77083	08/28/2025	$ 2,100,000	374,006	1985	96,850	$ 5,370,000	$ 4,488,072	Prime Noble Realty Lp
Prudential Insurance Coameric	220 University Blvd, Round Rock, TX 78665	07/09/2025	$ 34,500,000	409,551	2013	51,844	$ 23,000,000	$ 6,577,391	Columbia Ii University Commons
Standard Insurance Company	1917 S Texas Ave, Bryan, TX 77840	06/23/2025	$ 14,500,000	397,529	1957	77,133	$ 7,465,000	$ 1,395,326	30x30 Townshire Partners Llc
Midfirst Bank	6202 N Navarro St, Victoria, TX 77904	04/28/2025	$ 6,830,000	26,437	1994	64,533	$ 14,895,990	$ 194,640
Firstmark Credit Union	101 Wilson Dr, Floresville, TX 78114	04/23/2025	$ 1,900,000	86,031	2016	14,040	$ 2,714,040	$ 523,930	Mk Floresville Ltd
Integrity Bank Ssb	3601 E 29th St, Bryan, TX 77840	04/23/2025	$ 2,875,000	55,295	1979	16,672	$ 1,748,462	$ 287,544	Sv Ig Amj7 Llc
Equity Bank	7081 Highway 6 N, Houston, TX 77095	01/23/2025	$ 1,670,158	328,442	1984	69,323	$ 16,186,534	$ 5,911,956	Texas Coffee Stores Llcseries
First Natl Bankcentral Texas	1673 Briarcrest Dr, Bryan, TX 77802	12/27/2024	$ 3,622,500	201,682	1979	57,731	$ 5,528,715	$ 1,160,349
Dhi Mortgage Company Ltd	900 Harvey Rd, College Station, TX 77840	12/18/2024	$ 270,912	149,410	1982	33,480	$ 7,809,803	$ 1,887,151
Sage Capital Bank Na	12703 W State Hy 71, Austin, TX 78738	11/21/2024	$ 1,552,629	30,056	1965	10,054	$ 2,020,728	$ 601,120	Ut Land Company Ltd

Mean$ 9,411,298

Median$ 1,635,079.0

Loan Amount Range$ 270,912 - $ 116,200,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

17519436046

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

4/24/2006

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	MICHAELS STORES, INC.
	Address Line	3939 w john carpenter fwy
	City / State / Zip	irving TX 75063
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	75063
Registration Details	SOS Code

License Timeline

License Issued

4/24/2006

Currently Active

Status: -

Renewal Required

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