1700 SIMOND AVE TX 78722
| Owner | MOLINERO SITE 2 LLC |
|---|---|
| Parcel ID | 0219130404 |
| Short ID | 923227 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 120,999 SF |
| Land SF | 105,502 SF |
| Acres | 2.422 |
| Year Built | 2022 |
| Legal | LOT 3 MUELLER SEC 2C-4 SUBD |
| Neighborhood | 1EA2 |
| Land | $4,747,604 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,747,604 |
| Improvement | $122,515,154 |
|---|---|
| Total Improvement | $122,515,154 |
| Market | $127,262,758 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $127,262,758 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $127,262,758 |
| Taxable Value | $127,262,758 |
|---|
Appreciation: Market value has risen +3989.0% from $3,112,309 (2021) to $127,262,758 (2025), a CAGR of 152.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +283.7%, so this parcel has outpaced the broader land/vacant market over the same period.
Asset Class: Land / Vacant. 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 4% of market value ($4,747,604 land vs $122,515,154 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $127,262,758, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +109.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $5,031,523,604 by 2031, with an estimated annual tax burden around $0. 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 | 277,000 SF | ✓ |
| 1ST | 1st Floor | 40,333 SF | ✓ |
| 2ND | 2nd Floor | 40,333 SF | ✓ |
| 3RD | 3rd Floor | 40,333 SF | ✓ |
| 4TH | 4th Floor | 40,333 SF | ✓ |
| 5TH | 5th Floor | 40,333 SF | ✓ |
| ADDL | Additional Floor | 40,333 SF | ✓ |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $125,138,548 | $127,262,758 | -1.7% |
| Assessed Value | $125,138,548 | $127,262,758 | -1.7% |
| Land Value | $4,747,604 | $4,747,604 | +0.0% |
| Improvement Value | $120,390,944 | $122,515,154 | -1.7% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $125,138,548 | $4,747,604 | $120,390,944 | — | $125,138,548 | $— | Not yet — post-cert | Preliminary |
| 2025 | $127,262,758 | $4,747,604 | $122,515,154 | — | $127,262,758 | $— | not in county billing file Why? | Partial |
| 2024 | $112,425,339 | $4,747,604 | $107,677,735 | — | $112,425,339 | $— | $542,985 | Verified |
| 2023 | $27,647,306 | $4,747,604 | $22,899,702 | — | $27,647,306 | $27,647,306 | $500,208 | Verified |
| 2022 | $4,747,604 | $4,747,604 | — | — | $4,747,604 | $4,747,604 | $79,735 | Verified |
| 2021 | $3,112,309 | $3,112,309 | — | — | $3,112,309 | $3,112,309 | $67,745 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | +13.2% | +13.2% | ~100% | Not available | Partial |
| 2024 | +306.6% ! | +306.6% | ~100% | No billing data | Verified |
| 2023 | +482.3% ! | +482.3% | ~100% | No billing data | Verified |
| 2022 | +52.5% | +52.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3989.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +170.6% | +109.3% | +482.3% | 2023 | -1.7% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $542,985 | $297,668 | — | $542,985 | 2024 | $67,745 | 2021 |
Market value changed by 482% 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 | ~$261,970,743 | ~$137,652,403 | ~0.0000% | ~$0 | +109.3% |
| 2028 | ~$548,421,500 | ~$151,417,643 | ~0.0000% | ~$0 | +338.3% |
| 2029 | ~$1,148,090,579 | ~$166,559,407 | ~0.0000% | ~$0 | +817.5% |
| 2030 | ~$2,403,465,175 | ~$183,215,348 | ~0.0000% | ~$0 | +1820.6% |
| 2031 | ~$5,031,523,604 | ~$201,536,883 | ~0.0000% | ~$0 | +3920.8% |
| 2027 | ~$259,467,972 | ~$137,652,403 | ~0.0000% | ~$0 | +107.3% |
| 2028 | ~$537,992,726 | ~$151,417,643 | ~0.0000% | ~$0 | +329.9% |
| 2029 | ~$1,115,498,653 | ~$166,559,407 | ~0.0000% | ~$0 | +791.4% |
| 2030 | ~$2,312,925,777 | ~$183,215,348 | ~0.0000% | ~$0 | +1748.3% |
| 2031 | ~$4,795,725,784 | ~$201,536,883 | ~0.0000% | ~$0 | +3732.3% |
| 2027 | ~$264,473,514 | ~$137,652,403 | ~0.0000% | ~$0 | +111.3% |
| 2028 | ~$558,950,386 | ~$151,417,643 | ~0.0000% | ~$0 | +346.7% |
| 2029 | ~$1,181,311,235 | ~$166,559,407 | ~0.0000% | ~$0 | +844.0% |
| 2030 | ~$2,496,637,036 | ~$183,215,348 | ~0.0000% | ~$0 | +1895.1% |
| 2031 | ~$5,276,506,567 | ~$201,536,883 | ~0.0000% | ~$0 | +4116.5% |
In 2025, this property's market value of $127,262,758 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 1507× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $127,262,758 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $112,425,339 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $27,647,306 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $4,747,604 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $3,112,309 | $8,000 | $22,000 | $81,900 | ↑ 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 |
| 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 | — |