11501 BURNET RD TX 78758
| Owner | BROADMOOR AUSTIN ASSOCIATES |
|---|---|
| Parcel ID | 0256080902 |
| Short ID | 820050 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 479,977 SF |
| Land SF | 1,483,305 SF |
| Acres | 34.052 |
| Year Built | 1990 |
| Legal | 60.0690 AC OF LOT 2A IBM SUBD EAST AMENDED PLAT OF LOTS 1&2 BLK A |
| Neighborhood | 50NWE |
| Land | $118,664,410 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $118,664,410 |
| Improvement | $40,124,889 |
|---|---|
| Total Improvement | $40,124,889 |
| Market | $158,789,299 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $158,789,299 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $158,789,299 |
| Taxable Value | $158,789,299 |
|---|
Appreciation: Market value has fallen -43.6% from $281,655,300 (2021) to $158,789,299 (2025), a CAGR of -13.3% over 4 years. Growth has been relatively flat for this asset class. 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 lagged the broader commercial 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 $3,249,599. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
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 75% of market value ($118,664,410 land vs $40,124,889 improvements), about $80/SF of land. With value concentrated in the land under a ~36-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 $158,789,299, 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 -10.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $93,577,937 by 2031, with an estimated annual tax burden around $1,762,767. 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.
22 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 1,563,285 SF | ✗ |
| 551 | PAVED AREA | 903,017 SF | ✗ |
| SO | Sketch Only | 696,823 SF | ✗ |
| 187 | PARKING GARAGE | 557,100 SF | ✓ |
| ADDL | Additional Floor | 332,640 SF | ✓ |
| 3RD | 3rd Floor | 180,327 SF | ✓ |
| 4TH | 4th Floor | 166,524 SF | ✓ |
| 5TH | 5th Floor | 166,320 SF | ✓ |
| 2ND | 2nd Floor | 158,054 SF | ✓ |
| 1ST | 1st Floor | 141,596 SF | ✓ |
| 501 | CANOPY | 105,595 SF | ✗ |
| 611 | TERRACE | 71,830 SF | ✗ |
| 438 | STREETS PRIVATE | 47,075 SF | ✗ |
| 407 | LOADING DOCK | 4,341 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,640 SF | ✗ |
| 504 | SKYWAY | 2,500 SF | ✓ |
| 327 | STORAGE COMM'L | 1,200 SF | ✓ |
| 276 | ELEVATOR COM PAS | 14 SF | ✓ |
| 482 | LIGHT POLES | 12 SF | ✓ |
| 333 | MECHANICAL RM FV | 6 SF | ✓ |
| 305 | BALCONY FV | 1 SF | ✓ |
| MISC | Miscellaneous | 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% | $1,375,439.33 | $1,375,439.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $779,024.63 | $779,024.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $558,746.21 | $558,746.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $175,457.71 | $175,457.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $153,718.58 | $153,718.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,042,386.46 | $3,042,386.46 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,375,439.33 | 45.2% |
| CAT City of Austin | 0.5240% | $779,024.63 | 25.6% |
| TCO Travis County | 0.3758% | $558,746.21 | 18.4% |
| THD Travis Central Health | 0.1180% | $175,457.71 | 5.8% |
| ACT Austin Community College | 0.1034% | $153,718.58 | 5.1% |
| Total | 2.0465% | $3,042,386.46 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $162,347,534 | $158,789,299 | +2.2% |
| Assessed Value | $162,347,534 | $158,789,299 | +2.2% |
| Land Value | $118,664,410 | $118,664,410 | +0.0% |
| Improvement Value | $43,683,124 | $40,124,889 | +8.9% |
| Taxable Value | $162,347,534 | $158,789,299 | +2.2% |
| Total Tax 2026 = estimate |
~$3,322,418
Estimated
|
~$3,042,386
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $162,347,534 | $118,664,410 | $43,683,124 | — | $162,347,534 | $162,347,534 | Not yet — post-cert | Preliminary |
| 2025 | $158,789,299 | $118,664,410 | $40,124,889 | — | $158,789,299 | $158,789,299 | ~$3,042,386 | Partial |
| 2024 | $191,226,561 | $118,664,410 | $72,562,151 | — | $191,226,561 | $191,226,561 | $3,371,781 | Verified |
| 2023 | $218,011,408 | $118,664,410 | $99,346,998 | — | $218,011,408 | $218,011,408 | $3,567,827 | Verified |
| 2022 | $295,000,000 | $120,429,635 | $174,570,365 | — | $295,000,000 | $295,000,000 | $5,826,023 | Verified |
| 2021 | $281,655,300 | $104,664,226 | $176,991,074 | — | $281,655,300 | $281,655,300 | $6,130,732 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | -17.0% | -17.0% | ~100% | Not available | Partial |
| 2024 | -12.3% | -12.3% | ~100% | No billing data | Verified |
| 2023 | -26.1% | -26.1% | ~100% | No billing data | Verified |
| 2022 | +4.7% | +4.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -43.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.2% | -9.7% | -10.4% | +4.7% | 2022 | -26.1% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,042,386 | $4,387,750 | ~$2,309,431 | $6,130,732 | 2021 | $3,042,386 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$145,408,987 | ~$145,408,987 | ~2.0139% | ~$2,928,445 | -10.4% |
| 2028 | ~$130,237,726 | ~$130,237,726 | ~1.9814% | ~$2,580,515 | -19.8% |
| 2029 | ~$116,649,359 | ~$116,649,359 | ~1.9488% | ~$2,273,309 | -28.1% |
| 2030 | ~$104,478,736 | ~$104,478,736 | ~1.9163% | ~$2,002,117 | -35.6% |
| 2031 | ~$93,577,937 | ~$93,577,937 | ~1.8837% | ~$1,762,767 | -42.4% |
| 2027 | ~$154,230,157 | ~$154,230,157 | ~2.0465% | ~$3,156,297 | -5.0% |
| 2028 | ~$146,518,649 | ~$146,518,649 | ~2.0465% | ~$2,998,482 | -9.8% |
| 2029 | ~$139,192,717 | ~$139,192,717 | ~2.0465% | ~$2,848,558 | -14.3% |
| 2030 | ~$132,233,081 | ~$132,233,081 | ~2.0465% | ~$2,706,130 | -18.5% |
| 2031 | ~$125,621,427 | ~$125,621,427 | ~2.0465% | ~$2,570,824 | -22.6% |
| 2027 | ~$148,655,938 | ~$148,655,938 | ~1.9977% | ~$2,969,644 | -8.4% |
| 2028 | ~$136,119,024 | ~$136,119,024 | ~1.9488% | ~$2,652,741 | -16.2% |
| 2029 | ~$124,639,412 | ~$124,639,412 | ~1.9000% | ~$2,368,170 | -23.2% |
| 2030 | ~$114,127,935 | ~$114,127,935 | ~1.8512% | ~$2,112,729 | -29.7% |
| 2031 | ~$104,502,943 | ~$104,502,943 | ~1.8024% | ~$1,883,531 | -35.6% |
In 2025, this property's market value of $158,789,299 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 115× 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 | $158,789,299 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $191,226,561 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $218,011,408 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $295,000,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $281,655,300 | $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 |
| 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 | — |