1109 N INTERSTATE HY 35 BLDG B TX 78702
| Owner | LMV II 12TH STREET HOLDINGS LP |
|---|---|
| Parcel ID | 0208060410 |
| Short ID | 898745 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 349,074 SF |
| Land SF | 122,796 SF |
| Acres | 2.819 |
| Year Built | 2022 |
| Legal | 2.819 AC OF LOT 1 ONE TWO EAST SUBD |
| Neighborhood | 08EC |
| Land | $39,908,583 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $39,908,583 |
| Improvement | $99,691,417 |
|---|---|
| Total Improvement | $99,691,417 |
| Market | $139,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $139,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $139,600,000 |
| Taxable Value | $139,600,000 |
|---|
Appreciation: Market value has risen +116.2% from $64,563,167 (2021) to $139,600,000 (2025), a CAGR of 21.3% over 4 years. This is strong appreciation — well above typical inflation. 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 Multi-Family parcel countywide rose +19.0%, 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 $2,856,893. Austin ISD is the largest single contributor, at 45.2% 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 29% of market value ($39,908,583 land vs $99,691,417 improvements), about $325/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $139,600,000, 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 +11.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $199,248,225 by 2031, with an estimated annual tax burden around $3,440,920. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 349,074 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% | $1,258,272.00 | $1,258,272.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $712,663.12 | $712,663.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $511,149.20 | $511,149.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $160,511.28 | $160,511.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $140,624.00 | $140,624.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,783,219.60 | $2,783,219.60 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,258,272.00 | 45.2% |
| CAT City of Austin | 0.5240% | $712,663.12 | 25.6% |
| TCO Travis County | 0.3758% | $511,149.20 | 18.4% |
| THD Travis Central Health | 0.1180% | $160,511.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $140,624.00 | 5.1% |
| Total | 2.0465% | $2,783,219.60 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $113,420,000 | $139,600,000 | -18.8% |
| Assessed Value | $113,420,000 | $139,600,000 | -18.8% |
| Land Value | $39,908,583 | $39,908,583 | +0.0% |
| Improvement Value | $73,511,417 | $99,691,417 | -26.3% |
| Taxable Value | $113,420,000 | $139,600,000 | -18.8% |
| Total Tax 2026 = estimate |
~$2,321,123
Estimated
|
~$2,783,220
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $113,420,000 | $39,908,583 | $73,511,417 | — | $113,420,000 | $113,420,000 | Not yet — post-cert | Preliminary |
| 2025 | $139,600,000 | $39,908,583 | $99,691,417 | — | $139,600,000 | $139,600,000 | ~$2,783,220 | Partial |
| 2024 | $148,110,000 | $39,908,583 | $108,201,417 | — | $148,110,000 | $148,110,000 | $2,935,265 | Verified |
| 2023 | $162,160,192 | $38,066,648 | $124,093,544 | — | $162,160,192 | $162,160,192 | $2,933,878 | Verified |
| 2022 | $113,278,469 | $34,259,984 | $79,018,485 | — | $113,278,469 | $113,278,469 | $2,237,163 | Verified |
| 2021 | $64,563,167 | $28,549,986 | $36,013,181 | — | $64,563,167 | $64,563,167 | $1,405,333 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -18.8% | -18.8% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2024 | -8.7% | -8.7% | ~100% | No billing data | Verified |
| 2023 | +43.2% | +43.2% | ~100% | No billing data | Verified |
| 2022 | +75.5% ! | +75.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +116.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.8% | +17.1% | +11.9% | +75.5% | 2022 | -18.8% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9900% | 1.9900% | — | 1.9900% | 2025 | 1.9900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,783,220 | $2,458,972 | ~$2,959,387 | $2,935,265 | 2024 | $1,405,333 | 2021 |
Market value changed by 75% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$126,949,386 | ~$124,762,000 | ~2.0139% | ~$2,512,627 | +11.9% |
| 2028 | ~$142,092,636 | ~$137,238,200 | ~1.9814% | ~$2,719,221 | +25.3% |
| 2029 | ~$159,042,258 | ~$150,962,020 | ~1.9488% | ~$2,942,007 | +40.2% |
| 2030 | ~$178,013,729 | ~$166,058,222 | ~1.9163% | ~$3,182,159 | +57.0% |
| 2031 | ~$199,248,225 | ~$182,664,044 | ~1.8837% | ~$3,440,920 | +75.7% |
| 2027 | ~$124,680,986 | ~$124,680,986 | ~2.0465% | ~$2,551,578 | +9.9% |
| 2028 | ~$137,060,028 | ~$137,060,028 | ~2.0465% | ~$2,804,913 | +20.8% |
| 2029 | ~$150,668,132 | ~$150,668,132 | ~2.0465% | ~$3,083,401 | +32.8% |
| 2030 | ~$165,627,326 | ~$165,627,326 | ~2.0465% | ~$3,389,538 | +46.0% |
| 2031 | ~$182,071,755 | ~$182,071,755 | ~2.0465% | ~$3,726,071 | +60.5% |
| 2027 | ~$129,217,786 | ~$124,762,000 | ~1.9977% | ~$2,492,323 | +13.9% |
| 2028 | ~$147,215,979 | ~$137,238,200 | ~1.9488% | ~$2,674,552 | +29.8% |
| 2029 | ~$167,721,063 | ~$150,962,020 | ~1.9000% | ~$2,868,304 | +47.9% |
| 2030 | ~$191,082,212 | ~$166,058,222 | ~1.8512% | ~$3,074,060 | +68.5% |
| 2031 | ~$217,697,236 | ~$182,664,044 | ~1.8024% | ~$3,292,284 | +91.9% |
In 2025, this property's market value of $139,600,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 269× 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 | $139,600,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $148,110,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $162,160,192 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $113,278,469 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $64,563,167 | $353,349 | $436,046 | $657,886 | ↑ 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 | — |