5721 Timbergate Dr, Corpus Christi, TX 78414 – Apartment (4 - 20 units)

ApartmentsYear Built 2017Total Assessed Value $77,682,024County Nueces

Property Details

The Apartments property 5721 Timbergate Dr, Corpus Christi, TX 78414 is located in Nueces County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $77,682,024.

The gross building area is 389,156 square feet and the land area is 643,381 square feet for this Apartment (4 - 20 units) built in 2017.

Legal description: The Village At Timbergate Unit 1 Blk 1 Lot 2

$77,682,024

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5721 Timbergate Dr, Corpus Christi, TX 78414, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area389,156

Land Size643,381

Land Value$2,573,524

Improved Value$75,108,500

Total Assessed Value$77,682,024

Year Built2017

County NameNueces

Account Number531384

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Pool1400

Roof CoverComposition shingle

Type ConstructionOther

Garage TypeMixed 17360

Sales History

6/30/2022

Arms-lengthNot Disclosed

Buyer

Cameron County Housing Finance Corporation The

Seller

Post Watermark Llc

Book Number

2022.31748

Recording Date

6/30/2022

Transaction Details

Cameron County Housing Finance Corporation The acquired the property from Post Watermark Llc through a Arms-length transaction on 6/30/2022 for .

6/30/2022

Arms-lengthNot Disclosed

Buyer

Post Watermark Llc

Seller

Watermark At Timbergate B Llc

Book Number

2022.31747

Recording Date

6/30/2022

Transaction Details

Post Watermark Llc acquired the property from Watermark At Timbergate B Llc through a Arms-length transaction on 6/30/2022 for .

4/24/2018

Arms-length$43,125,000

Buyer

Watermark At Timbergate B Llc

Seller

Watermark At Timbergate Corpus Christi L

Book Number

2018.17621

Recording Date

4/24/2018

Transaction Details

Watermark At Timbergate B Llc acquired the property from Watermark At Timbergate Corpus Christi L through a Arms-length transaction on 4/24/2018 for $43,125,000.

2/27/2015

Arms-lengthNot Disclosed

Buyer

Kaplan Acquisitions Llc

Seller

Heb Grocery Company Lp

Book Number

2015007185

Recording Date

2/27/2015

Transaction Details

Kaplan Acquisitions Llc acquired the property from Heb Grocery Company Lp through a Arms-length transaction on 2/27/2015 for .

2/26/2015

Arms-lengthNot Disclosed

Buyer

Watermark At Timbergate Corpus Christi L

Seller

Kaplan Acquistions Llc

Book Number

2015007186

Recording Date

2/26/2015

Transaction Details

Watermark At Timbergate Corpus Christi L acquired the property from Kaplan Acquistions Llc through a Arms-length transaction on 2/26/2015 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

4/24/2018

Helocs both purchase money and non purchase money helocs$34,500,000

Borrower

Watermark At Timbergate B Llc

Lender

Rialto Mortage Finance Llc

Book Number

2018017622

Recording Date

4/24/2018

Transaction Details

Watermark At Timbergate B Llc borrowed the property from Rialto Mortage Finance Llc through a Helocs both purchase money and non purchase money helocs transaction on 4/24/2018 for $34,500,000.

Property constructed in 2017

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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	$2,573,524	$65,115,073	$67,688,597	$67,688,597	The Cameron County H...	1327 E Washington Av...	The Village At Timbe...	COMM	S9055	643,381	389,156
2025	$4,463,793	$62,773,499	$67,237,292	$67,237,292	The Cameron County H...	1327 E Washington Av...	The Village At Timbe...	S9055	S9055	643,381	389,156
2024	$2,573,524	$73,738,193	$76,311,717	$76,311,717	The Cameron County H...	1100 E Monroe St Sui...	The Village At Timbe...	S9055	S9055	643,381	389,156
2023	$2,573,524	$72,606,250	$75,179,774	$75,179,774	The Cameron County H...	1100 E Monroe St Sui...	The Village At Timbe...	S9055	S9055	643,381	389,156
2022	$2,573,524	$38,674,767	$41,248,291	$41,248,291	The Cameron County H...	1100 E Monroe St Sui...	The Village At Timbe...	9055-0	S9055	643,381	389,156
2021	$2,573,524	$36,606,476	$39,180,000	$39,180,000	Watermark At Timberg...	901 Wabash Ave Ste 3...	The Village At Timbe...	9055-0	S9055	643,381	389,156
2020	$2,573,524	$36,606,476	$39,180,000	$39,180,000	Watermark At Timberg...	901 Wabash Ave Ste 3...	The Village At Timbe...	9055-0	S9055	643,381	389,156
2019	$2,573,524	$34,868,451	$37,441,975	$37,441,975	Watermark At Timberg...	901 Wabash Ave Ste 3...	The Village At Timbe...	9055-0	S9055	643,381	389,156
2018	$2,573,524	$26,352,742	$28,926,266	$28,926,266	Watermark At Timberg...	901 Wabash Ave Ste 3...	THE VILLAGE AT TIMBE...	9055-0	S9055	643,381	389,156
2017	$2,573,524	$23,189,786	$25,763,310	$25,763,310	Watermark At Timberg...	901 Wabash Ave Ste 3...	THE VILLAGE AT TIMBE...	9055-0	S9055	643,381	-

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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 ↕
5721 Timbergate Dr, Corpus Christi, TX 78414	531384	Apartments	Apartment (4 - 20 units)	The Cameron County Housing Finance Corporation	Nueces	-	$ 43,125,000	2018-04-24	$ 110.82	2017	389,156	-
3310 Rodd Field Rd, Corpus Christi, TX 78414	529387	Apartments	Apartment (4 - 20 units)	Corpus Christi Housing Authority	Nueces	2.0	$ 56,982,520	2024-11-15	$ 170.97	2016	333,296	-
3802 Saratoga Blvd, Corpus Christi, TX 78415	603293	Apartments	Apartment (4 - 20 units)	Azali Heights Llc	Nueces	2.5	$ 50,540,000	2024-09-30	$ 133.80	2022	377,729	-
6901 Saratoga Blvd, Corpus Christi, TX 78414	530262	Apartments	Apartment Garden (1 - 4 stories)	Corpus Christi Housing Authority	Nueces	1.6	$ 57,000,000	2024-11-29	$ 189.33	2016	301,056	-
2921 Airline Rd, Corpus Christi, TX 78414	200537	Apartments	Apartment Garden (1 - 4 stories)	Corpus Christi Housing Authority	Nueces	1.2	$ 40,500,000	2024-12-11	$ 186.96	2014	216,624	228
3801 Caravelle Pkwy, Corpus Christi, TX 78413	207383	Apartments	Apartment (4 - 20 units)	5901 Weber Corpus Holdings Llc &	Nueces	2.7	$ 30,000,000	2025-08-05	$ 139.63	1983	214,846	-
6301 Meadowvista Dr, Corpus Christi, TX 78414	244797	Apartments	Apartment Garden (1 - 4 stories)	Corpus Christi Housing Authority	Nueces	1.7	$ 24,876,320	2025-03-15	$ 155.51	1984	159,970	-
4657 Ocean Dr, Corpus Christi, TX 78412	274950	Apartments	Apartment Garden (1 - 4 stories)	Corpus Christi Housing Authority	Nueces	4.2	$ 35,511,000	2024-11-15	$ 205.10	2016	173,143	191
3701 Cimarron Blvd, Corpus Christi, TX 78414	200108118	Apartments	Apartment Garden (1 - 4 stories)	Odf Cimarron Court Owner Llc	Nueces	0.8	$ 20,799,165	2025-02-04	$ 136.12	2003	152,800	-
5750 Curtis Clark Dr, Corpus Christi, TX 78412	200111352	Apartments	Apartment Garden (1 - 4 stories)	Fbrt Stoneleigh Owner Llc	Nueces	2.1	$ 42,560,000	2025-03-31	$ 283.81	2004	149,962	348
4901 Saratoga Blvd, Corpus Christi, TX 78413	219020	Apartments	Apartment (4 - 20 units)	Breakers Owner Llc Etals	Nueces	1.2	$ 37,426,200	2023-12-05	$ 162.32	1996	230,572	288

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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 ↕
—	5721 Timbergate Dr, Corpus Christi, TX 78414	—	-	643,381	2017	389,156	$ 77,682,024	$ 2,573,524	-
Charter Bank	3802 Saratoga Blvd, Corpus Christi, TX 78415	08/27/2025	$ 3,000,000	661,765	2022	377,729	$ 27,673,767	$ 927,608	Azali Heights Llc
Sound Cap Const Fund Llc	3130 Sunnybrook Rd, Corpus Christi, TX 78415	07/29/2025	$ 4,607,000	102,488	1938	33,042	$ 2,442,650	$ 307,464	4625 Kostoryzcctx Llc
Sound Cap Const Fund Llc	4625 Kostoryz Rd, Corpus Christi, TX 78415	07/29/2025	$ 4,607,000	172,430	1958	44,325	$ 3,456,047	$ 517,290	4625 Kostoryzcctx Llc
Charter Bank	3802 Saratoga Blvd, Corpus Christi, TX 78415	06/26/2025	$ 1,000,000	661,765	2022	377,729	$ 27,673,767	$ 927,608	Azali Heights Llc
Lmf 20231 Llc	4645 Ocean Dr, Corpus Christi, TX 78412	06/09/2025	$ 13,000,000	204,137	1972	113,605	$ 11,890,677	$ 1,837,233	Baytree Collective Llc
Berkadia Commercial Mtg Llc	5518 Lipes Blvd, Corpus Christi, TX 78413	06/09/2025	$ 5,941,000	581,090	2005	83,945	$ 15,348,684	$ 2,324,362	Winterfell Harbor Tx Owner Llc
First Community Bank	1218 Barton, Corpus Christi, TX 78418	05/15/2025	$ 168,750	21,000	1975	3,037	$ 131,964	$ 42,000	Rat Rentals Llc
Avatar Cc Apartments Llc	6402 Weber Rd, Corpus Christi, TX 78413	04/30/2025	$ 11,240,000	434,564	1973	203,181	$ 18,119,505	$ 1,738,256	Redbrix Iii Llc
Bsp Of Finance Llc	3701 Cimarron Blvd, Corpus Christi, TX 78414	04/15/2025	$ 20,520,000	248,611	2003	152,800	$ 22,064,266	$ 745,833
Loan Store Tx Inc	6513 Long Meadow Dr, Corpus Christi, TX 78413	03/21/2025	$ 360,000	22,675	1977	6,795	$ 524,933	$ 68,025

Mean$ 10,472,362

Median$ 4,325,500.0

Loan Amount Range$ 168,750 - $ 45,600,000

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Tenant Details

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License Details

License Number

32093383951

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/23/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	COASTAL BEND FREIGHT LLC
	Address Line	5721 timbergate dr apt 10302
	City / State / Zip	corpus christi TX 78414
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48355
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78414
Registration Details	SOS Code	A

License Timeline

License Issued

1/23/2024

Currently Active

Status: -

Renewal Required

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