1900 ALDRICH ST TX 78722
| Owner | MOLINERO SITE 1 LLC |
|---|---|
| Parcel ID | 0219130803 |
| Short ID | 925068 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 160,000 SF |
| Land SF | 68,198 SF |
| Acres | 1.566 |
| Year Built | 2020 |
| Legal | UNT OFFICE MUELLER TC-4B1-B MASTER CONDOMINIUM PLUS 89.72 % INT IN COM AREA |
| Neighborhood | 50CEN |
| Land | $3,068,909 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,068,909 |
| Improvement | $105,494,015 |
|---|---|
| Total Improvement | $105,494,015 |
| Market | $108,562,924 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $108,562,924 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $108,562,924 |
| Taxable Value | $108,562,924 |
|---|
Appreciation: Market value has risen +464.4% from $19,234,425 (2021) to $108,562,924 (2025), a CAGR of 54.1% 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 Commercial parcel countywide rose +17.8%, so this parcel has outpaced the broader commercial market over the same period.
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 3% of market value ($3,068,909 land vs $105,494,015 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $108,562,924, 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 +40.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $592,465,981 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 100,000 SF | ✓ |
| 3RD | 3rd Floor | 50,000 SF | ✓ |
| 4TH | 4th Floor | 35,000 SF | ✓ |
| 5TH | 5th Floor | 35,000 SF | ✓ |
| ADDL | Additional Floor | 35,000 SF | ✓ |
| 1ST | 1st Floor | 10,000 SF | ✓ |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $106,750,843 | $108,562,924 | -1.7% |
| Assessed Value | $106,750,843 | $108,562,924 | -1.7% |
| Land Value | $3,068,909 | $3,068,909 | +0.0% |
| Improvement Value | $103,681,934 | $105,494,015 | -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 | $106,750,843 | $3,068,909 | $103,681,934 | — | $106,750,843 | $— | Not yet — post-cert | Preliminary |
| 2025 | $108,562,924 | $3,068,909 | $105,494,015 | — | $108,562,924 | $— | not in county billing file Why? | Partial |
| 2024 | $135,292,858 | $3,068,909 | $132,223,949 | — | $135,292,858 | $— | not in county billing file Why? | Partial |
| 2023 | $121,503,061 | $3,068,909 | $118,434,152 | — | $121,503,061 | $— | not in county billing file Why? | Partial |
| 2022 | $46,591,469 | $3,068,909 | $43,522,560 | — | $46,591,469 | $46,591,469 | $45,986 | Verified |
| 2021 | $19,234,425 | $3,068,909 | $16,165,516 | — | $19,234,425 | $19,234,425 | $260,358 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | -19.8% | -19.8% | ~100% | Not available | Partial |
| 2024 | +11.3% | +11.3% | ~100% | No billing data | Verified |
| 2023 | +160.8% ! | +160.8% | ~100% | No billing data | Verified |
| 2022 | +142.2% ! | +142.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +464.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +58.6% | +40.9% | +160.8% | 2023 | -19.8% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $45,986 | $153,172 | — | $260,358 | 2021 | $45,986 | 2022 |
Market value changed by 142% 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 | ~$150,393,731 | ~$117,425,927 | ~0.0000% | ~$0 | +40.9% |
| 2028 | ~$211,879,118 | ~$129,168,520 | ~0.0000% | ~$0 | +98.5% |
| 2029 | ~$298,501,540 | ~$142,085,372 | ~0.0000% | ~$0 | +179.6% |
| 2030 | ~$420,537,760 | ~$156,293,909 | ~0.0000% | ~$0 | +293.9% |
| 2031 | ~$592,465,981 | ~$171,923,300 | ~0.0000% | ~$0 | +455.0% |
| 2027 | ~$148,258,714 | ~$117,425,927 | ~0.0000% | ~$0 | +38.9% |
| 2028 | ~$205,906,069 | ~$129,168,520 | ~0.0000% | ~$0 | +92.9% |
| 2029 | ~$285,968,412 | ~$142,085,372 | ~0.0000% | ~$0 | +167.9% |
| 2030 | ~$397,161,352 | ~$156,293,909 | ~0.0000% | ~$0 | +272.0% |
| 2031 | ~$551,589,381 | ~$171,923,300 | ~0.0000% | ~$0 | +416.7% |
| 2027 | ~$152,528,748 | ~$117,425,927 | ~0.0000% | ~$0 | +42.9% |
| 2028 | ~$217,937,567 | ~$129,168,520 | ~0.0000% | ~$0 | +104.2% |
| 2029 | ~$311,395,614 | ~$142,085,372 | ~0.0000% | ~$0 | +191.7% |
| 2030 | ~$444,931,223 | ~$156,293,909 | ~0.0000% | ~$0 | +316.8% |
| 2031 | ~$635,730,834 | ~$171,923,300 | ~0.0000% | ~$0 | +495.5% |
In 2025, this property's market value of $108,562,924 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 79× 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 | $108,562,924 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $135,292,858 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $121,503,061 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $46,591,469 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $19,234,425 | $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 |
| 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 | — |