2910 MEDICAL ARTS ST TX 78705
| Owner | BLACKSTONE NCL LLC & |
|---|---|
| Parcel ID | 0215061116 |
| Short ID | 208863 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 21,286 SF |
| Land SF | 37,720 SF |
| Acres | 0.866 |
| Year Built | 1963 |
| Legal | LOT 5,6,9-12 OLT 5 DIV C WEISE SUBD |
| Neighborhood | 05WC1 |
| Land | $3,772,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,772,000 |
| Improvement | $1,228,000 |
|---|---|
| Total Improvement | $1,228,000 |
| Market | $5,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,000,000 |
| Taxable Value | $5,000,000 |
|---|
Appreciation: Market value has risen +3.8% from $4,815,958 (2021) to $5,000,000 (2025), a CAGR of 0.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $102,324. 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 75% of market value ($3,772,000 land vs $1,228,000 improvements), about $100/SF of land. With value concentrated in the land under a ~63-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $5,000,000, 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 +3.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,929,881 by 2031, with an estimated annual tax burden around $130,541. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 21,240 SF | ✗ |
| 1ST | 1st Floor | 10,643 SF | ✓ |
| 2ND | 2nd Floor | 10,643 SF | ✓ |
| SO | Sketch Only | 5,715 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,924 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,924 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,500 SF | ✗ |
| 501 | CANOPY | 650 SF | ✗ |
| UBSMT | Unfinished Basement | 551 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $46,260.00 | $46,260.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,200.85 | $26,200.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,792.25 | $18,792.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,901.15 | $5,901.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,170.00 | $5,170.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $102,324.25 | $102,324.25 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $46,260.00 | 45.2% |
| CAT City of Austin | 0.5240% | $26,200.85 | 25.6% |
| TCO Travis County | 0.3758% | $18,792.25 | 18.4% |
| THD Travis Central Health | 0.1180% | $5,901.15 | 5.8% |
| ACT Austin Community College | 0.1034% | $5,170.00 | 5.1% |
| Total | 2.0465% | $102,324.25 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,777,025 | $5,000,000 | +15.5% |
| Assessed Value | $5,777,025 | $5,000,000 | +15.5% |
| Land Value | $3,772,000 | $3,772,000 | +0.0% |
| Improvement Value | $2,005,025 | $1,228,000 | +63.3% |
| Taxable Value | $5,777,025 | $5,000,000 | +15.5% |
| Total Tax 2026 = estimate |
~$118,226
Estimated
|
~$102,324
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $5,777,025 | $3,772,000 | $2,005,025 | — | $5,777,025 | $5,777,025 | Not yet — post-cert | Preliminary |
| 2025 | $5,000,000 | $3,772,000 | $1,228,000 | — | $5,000,000 | $5,000,000 | ~$102,324 | Partial |
| 2024 | $5,050,000 | $3,772,000 | $1,278,000 | — | $5,050,000 | $5,050,000 | $93,500 | Verified |
| 2023 | $4,991,000 | $3,772,000 | $1,219,000 | — | $4,991,000 | $4,991,000 | $87,888 | Verified |
| 2022 | $4,800,000 | $3,017,600 | $1,782,400 | — | $4,800,000 | $4,800,000 | $94,796 | Verified |
| 2021 | $4,815,958 | $3,017,600 | $1,798,358 | — | $4,815,958 | $4,815,958 | $102,425 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.5% | +15.5% | ~100% | Not available | Partial |
| 2025 | -1.0% | -1.0% | ~100% | Not available | Partial |
| 2024 | +1.2% | +1.2% | ~100% | No billing data | Verified |
| 2023 | +4.0% | +4.0% | ~100% | No billing data | Verified |
| 2022 | -0.3% | -0.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.5% | +3.9% | +3.7% | +15.5% | 2026 | -1.0% | 2025 |
| 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 |
$102,324 | $96,187 | ~$125,586 | $102,425 | 2021 | $87,888 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$5,991,127 | ~$5,991,127 | ~2.0139% | ~$120,657 | +3.7% |
| 2028 | ~$6,213,165 | ~$6,213,165 | ~1.9814% | ~$123,107 | +7.5% |
| 2029 | ~$6,443,431 | ~$6,443,431 | ~1.9488% | ~$125,572 | +11.5% |
| 2030 | ~$6,682,231 | ~$6,682,231 | ~1.9163% | ~$128,051 | +15.7% |
| 2031 | ~$6,929,881 | ~$6,929,881 | ~1.8837% | ~$130,541 | +20.0% |
| 2027 | ~$5,875,587 | ~$5,875,587 | ~2.0465% | ~$120,243 | +1.7% |
| 2028 | ~$5,975,830 | ~$5,975,830 | ~2.0465% | ~$122,294 | +3.4% |
| 2029 | ~$6,077,784 | ~$6,077,784 | ~2.0465% | ~$124,381 | +5.2% |
| 2030 | ~$6,181,477 | ~$6,181,477 | ~2.0465% | ~$126,503 | +7.0% |
| 2031 | ~$6,286,940 | ~$6,286,940 | ~2.0465% | ~$128,661 | +8.8% |
| 2027 | ~$6,106,668 | ~$6,106,668 | ~1.9977% | ~$121,991 | +5.7% |
| 2028 | ~$6,455,121 | ~$6,455,121 | ~1.9488% | ~$125,800 | +11.7% |
| 2029 | ~$6,823,456 | ~$6,823,456 | ~1.9000% | ~$129,647 | +18.1% |
| 2030 | ~$7,212,810 | ~$7,212,810 | ~1.8512% | ~$133,523 | +24.9% |
| 2031 | ~$7,624,380 | ~$7,624,380 | ~1.8024% | ~$137,420 | +32.0% |
In 2025, this property's market value of $5,000,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 10× 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 | $5,000,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $5,050,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $4,991,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $4,800,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $4,815,958 | $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 | — |