1224 E 12 ST TX 78702
| Owner | NEXT DORR LAND COMPANY LLC |
|---|---|
| Parcel ID | 0207080408 |
| Short ID | 195820 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 28,361 SF |
| Land SF | 44,850 SF |
| Acres | 1.030 |
| Year Built | 2019 |
| Legal | LOT 1-5 BLK 1 OLT 38 DIV B OREILLY JAMES |
| Neighborhood | 52EAS |
| Land | $6,727,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,727,500 |
| Improvement | $1,283,462 |
|---|---|
| Total Improvement | $1,283,462 |
| Market | $8,010,962 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,010,962 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,010,962 |
| Taxable Value | $8,010,962 |
|---|
Appreciation: Market value has fallen -19.6% from $9,962,353 (2021) to $8,010,962 (2025), a CAGR of -5.3% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +17.8%, so this parcel has lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $163,943. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 84% of market value ($6,727,500 land vs $1,283,462 improvements), about $150/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $8,010,962, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the -5.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $5,719,684 by 2031, with an estimated annual tax burden around $107,744. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 14,024 SF | ✓ |
| 551 | PAVED AREA | 12,895 SF | ✗ |
| 2ND | 2nd Floor | 11,069 SF | ✓ |
| 611 | TERRACE | 5,868 SF | ✗ |
| 3RD | 3rd Floor | 3,268 SF | ✓ |
| 501 | CANOPY | 591 SF | ✗ |
| 413 | STAIRWAY EXT | 3 SF | ✓ |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $74,117.42 | $74,117.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $41,978.80 | $41,978.80 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $30,108.80 | $30,108.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,454.78 | $9,454.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,283.33 | $8,283.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $163,943.13 | $163,943.13 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $74,117.42 | 45.2% |
| CAT City of Austin | 0.5240% | $41,978.80 | 25.6% |
| TCO Travis County | 0.3758% | $30,108.80 | 18.4% |
| THD Travis Central Health | 0.1180% | $9,454.78 | 5.8% |
| ACT Austin Community College | 0.1034% | $8,283.33 | 5.1% |
| Total | 2.0465% | $163,943.13 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,548,610 | $8,010,962 | -5.8% |
| Assessed Value | $7,548,610 | $8,010,962 | -5.8% |
| Land Value | $6,727,500 | $6,727,500 | +0.0% |
| Improvement Value | $821,110 | $1,283,462 | -36.0% |
| Taxable Value | $7,548,610 | $8,010,962 | -5.8% |
| Total Tax 2026 = estimate |
~$154,481
Estimated
|
~$163,943
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $7,548,610 | $6,727,500 | $821,110 | — | $7,548,610 | $7,548,610 | Not yet — post-cert | Preliminary |
| 2025 | $8,010,962 | $6,727,500 | $1,283,462 | — | $8,010,962 | $8,010,962 | ~$163,943 | Partial |
| 2024 | $7,818,653 | $6,727,500 | $1,091,153 | — | $7,818,653 | $7,818,653 | $154,951 | Verified |
| 2023 | $8,210,456 | $6,727,500 | $1,482,956 | — | $8,210,456 | $8,210,456 | $148,547 | Verified |
| 2022 | $9,600,000 | $4,260,750 | $5,339,250 | — | $9,600,000 | $9,600,000 | $185,840 | Verified |
| 2021 | $9,962,353 | $3,588,000 | $6,374,353 | — | $9,962,353 | $9,962,353 | $202,089 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2025 | +2.5% | +2.5% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | No billing data | Verified |
| 2023 | -14.5% | -14.5% | ~100% | No billing data | Verified |
| 2022 | -3.6% | -3.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -19.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.8% | -5.2% | -5.4% | +2.5% | 2025 | -14.5% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$163,943 | $171,074 | ~$125,166 | $202,089 | 2021 | $148,547 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$7,141,147 | ~$7,141,147 | ~2.0139% | ~$143,818 | -5.4% |
| 2028 | ~$6,755,679 | ~$6,755,679 | ~1.9814% | ~$133,856 | -10.5% |
| 2029 | ~$6,391,018 | ~$6,391,018 | ~1.9488% | ~$124,551 | -15.3% |
| 2030 | ~$6,046,040 | ~$6,046,040 | ~1.9163% | ~$115,860 | -19.9% |
| 2031 | ~$5,719,684 | ~$5,719,684 | ~1.8837% | ~$107,744 | -24.2% |
| 2027 | ~$7,171,180 | ~$7,171,180 | ~2.0465% | ~$146,757 | -5.0% |
| 2028 | ~$6,812,621 | ~$6,812,621 | ~2.0465% | ~$139,419 | -9.7% |
| 2029 | ~$6,471,989 | ~$6,471,989 | ~2.0465% | ~$132,448 | -14.3% |
| 2030 | ~$6,148,390 | ~$6,148,390 | ~2.0465% | ~$125,826 | -18.5% |
| 2031 | ~$5,840,971 | ~$5,840,971 | ~2.0465% | ~$119,535 | -22.6% |
| 2027 | ~$7,292,120 | ~$7,292,120 | ~1.9977% | ~$145,672 | -3.4% |
| 2028 | ~$7,044,344 | ~$7,044,344 | ~1.9488% | ~$137,283 | -6.7% |
| 2029 | ~$6,804,988 | ~$6,804,988 | ~1.9000% | ~$129,296 | -9.9% |
| 2030 | ~$6,573,765 | ~$6,573,765 | ~1.8512% | ~$121,693 | -12.9% |
| 2031 | ~$6,350,398 | ~$6,350,398 | ~1.8024% | ~$114,458 | -15.9% |
In 2025, this property's market value of $8,010,962 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 6× the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $8,010,962 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $7,818,653 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $8,210,456 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $9,600,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $9,962,353 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |