610 12 ST 1 78701
| Owner | 25.02 HEDF LLC |
|---|---|
| Parcel ID | 0208051902 |
| Short ID | 951175 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 97,200 SF |
| Land SF | 40,211 SF |
| Acres | 0.923 |
| Year Built | 2023 |
| Legal | UNT 1 SYMPHONY SQUARE MASTER CONDOMINIUM PLUS 54.0 % INT IN COM AREA |
| Neighborhood | CBD1 |
| Land | $20,105,550 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,105,550 |
| Improvement | $7,088,965 |
|---|---|
| Total Improvement | $7,088,965 |
| Market | $27,194,515 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $27,194,515 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $27,194,515 |
| Taxable Value | $27,194,515 |
|---|
Appreciation: Market value has fallen -0.3% from $27,282,612 (2022) to $27,194,515 (2025), a CAGR of -0.1% over 3 years. Growth has been relatively flat for this asset class. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Multi-Family parcel countywide fell -15.5%, so this parcel has outpaced the broader multi-family 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 $556,532. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Asset Class: Multi-family residential. 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 74% of market value ($20,105,550 land vs $7,088,965 improvements), about $500/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 $27,194,515, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +36.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $452,631,105 by 2031, with an estimated annual tax burden around $2,884,232. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 125,600 SF | ✓ |
| 1ST | 1st Floor | 32,400 SF | ✓ |
| 2ND | 2nd Floor | 32,400 SF | ✓ |
| 3RD | 3rd Floor | 32,400 SF | ✓ |
| 4TH | 4th Floor | 32,400 SF | ✓ |
| ADDL | Additional Floor | 31,000 SF | ✓ |
| 5TH | 5th Floor | 13,500 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% | $164,059.37 | $164,059.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $92,920.34 | $92,920.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $66,646.02 | $66,646.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $20,928.21 | $20,928.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,335.21 | $18,335.21 | Paid |
| P2U | — | — | — | — | — | — | $15,939.89 | $15,939.89 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $378,829.04 | $378,829.04 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $164,059.37 | 43.3% |
| CAT City of Austin | 0.5240% | $92,920.34 | 24.5% |
| TCO Travis County | 0.3758% | $66,646.02 | 17.6% |
| THD Travis Central Health | 0.1180% | $20,928.21 | 5.5% |
| ACT Austin Community College | 0.1034% | $18,335.21 | 4.8% |
| P2U | — | $15,939.89 | 4.2% |
| Total | 2.0465% 5 of 6 | $378,829.04 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $95,070,386 | $27,194,515 | +249.6% |
| Assessed Value | $95,070,386 | $27,194,515 | +249.6% |
| Land Value | $28,147,770 | $20,105,550 | +40.0% |
| Improvement Value | $66,922,616 | $7,088,965 | +844.0% |
| Taxable Value | — | $27,194,515 | — |
| Exemptions | — | F | |
| Total Tax | Pending certification |
~$378,829
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $95,070,386 | $28,147,770 | $66,922,616 | — | $95,070,386 | $— | Not yet — post-cert | Preliminary |
| 2025 | $27,194,515 | $20,105,550 | $7,088,965 | — | $27,194,515 | $27,194,515 | ~$378,829 | Partial |
| 2024 | $35,657,036 | $20,105,550 | $15,551,486 | — | $35,657,036 | $35,657,036 | $739,176 | Verified |
| 2023 | $74,037,991 | $20,105,550 | $53,932,441 | — | $74,037,991 | $74,037,991 | $1,407,553 | Verified |
| 2022 | $27,282,612 | $20,105,550 | $7,177,062 | — | $27,282,612 | $27,282,612 | $523,318 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +249.6% ! | +249.6% | ~100% | Not available | Partial |
| 2025 | -23.7% | -23.7% | ~100% | Not available | Partial |
| 2024 | -51.8% | -51.8% | ~100% | No billing data | Verified |
| 2023 | +171.4% ! | +171.4% | ~100% | No billing data | Verified |
| 2022 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +249.6% | +86.4% | +36.6% | +249.6% | 2026 | -51.8% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2022 | 100.0% | 2022 |
| Effective Tax Rate (2025) | 1.3900% | 1.3900% | — | 1.3900% | 2025 | 1.3900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$378,829 | $762,219 | ~$2,480,604 | $1,407,553 | 2023 | $378,829 | 2025 |
Market value changed by 171% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$129,892,802 | ~$104,577,425 | ~2.0139% | ~$2,106,123 | +36.6% |
| 2028 | ~$177,469,985 | ~$115,035,167 | ~1.9814% | ~$2,279,293 | +86.7% |
| 2029 | ~$242,473,756 | ~$126,538,684 | ~1.9488% | ~$2,466,036 | +155.0% |
| 2030 | ~$331,287,132 | ~$139,192,552 | ~1.9163% | ~$2,667,334 | +248.5% |
| 2031 | ~$452,631,105 | ~$153,111,807 | ~1.8837% | ~$2,884,232 | +376.1% |
| 2027 | ~$127,991,394 | ~$104,577,425 | ~2.0465% | ~$2,140,161 | +34.6% |
| 2028 | ~$172,312,301 | ~$115,035,167 | ~2.0465% | ~$2,354,177 | +81.2% |
| 2029 | ~$231,980,668 | ~$126,538,684 | ~2.0465% | ~$2,589,595 | +144.0% |
| 2030 | ~$312,311,019 | ~$139,192,552 | ~2.0465% | ~$2,848,555 | +228.5% |
| 2031 | ~$420,458,193 | ~$153,111,807 | ~2.0465% | ~$3,133,410 | +342.3% |
| 2027 | ~$131,794,210 | ~$104,577,425 | ~1.9977% | ~$2,089,104 | +38.6% |
| 2028 | ~$182,703,725 | ~$115,035,167 | ~1.9488% | ~$2,241,851 | +92.2% |
| 2029 | ~$253,278,587 | ~$126,538,684 | ~1.9000% | ~$2,404,256 | +166.4% |
| 2030 | ~$351,115,133 | ~$139,192,552 | ~1.8512% | ~$2,576,724 | +269.3% |
| 2031 | ~$486,744,015 | ~$153,111,807 | ~1.8024% | ~$2,759,643 | +412.0% |
In 2025, this property's market value of $27,194,515 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 52× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $27,194,515 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $35,657,036 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $74,037,991 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $27,282,612 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 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 | 2022–2024 | 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 | 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 | — |