1501 S MO-PAC EXPRESSWAY TX 78746
| Owner | CITY OF AUSTIN |
|---|---|
| Parcel ID | 0104130204 |
| Short ID | 437618 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 154,150 SF |
| Land SF | 301,479 SF |
| Acres | 6.921 |
| Year Built | 1999 |
| Legal | LOT 2A WALLINGWOOD SEC II REPLAT OF LOT 2 |
| Neighborhood | 51SWE |
| Land | $6,029,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,029,580 |
| Improvement | $47,564,828 |
|---|---|
| Total Improvement | $47,564,828 |
| Market | $53,594,408 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $53,594,408 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $53,594,408 |
| Taxable Value | $53,594,408 |
|---|
Appreciation: Market value has fallen -26.2% from $72,663,554 (2021) to $53,594,408 (2025), a CAGR of -7.3% over 4 years. Growth has been relatively flat for this asset class. 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 Commercial parcel countywide rose +24.1%, so this parcel has lagged 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 11% of market value ($6,029,580 land vs $47,564,828 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $53,594,408, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 -7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $36,633,046 by 2030, 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 156,672 SF | ✓ |
| 3RD | 3rd Floor | 52,698 SF | ✓ |
| 4TH | 4th Floor | 52,698 SF | ✓ |
| 1ST | 1st Floor | 50,726 SF | ✓ |
| 2ND | 2nd Floor | 50,726 SF | ✓ |
| 551 | PAVED AREA | 21,070 SF | ✗ |
| LOBBY | Lobby | 1,972 SF | ✓ |
| 501 | CANOPY | 1,926 SF | ✗ |
| 482 | LIGHT POLES | 22 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $50,718,202 | $53,594,408 | -5.4% |
| Assessed Value | $50,718,202 | $53,594,408 | -5.4% |
| Land Value | $6,029,580 | $6,029,580 | +0.0% |
| Improvement Value | $44,688,622 | $47,564,828 | -6.0% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $50,718,202 | $50,718,202 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $50,718,202 | $6,029,580 | $44,688,622 | — | $50,718,202 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $53,594,408 | $6,029,580 | $47,564,828 | — | $53,594,408 | $— | not in county billing file ⓘ | Partial |
| 2024 | $60,200,000 | — | — | −$54,170,420 | $6,029,580 | $— | $860,600 | Verified |
| 2023 | $79,929,000 | — | — | −$73,899,420 | $6,029,580 | $— | $1,110,263 | Verified |
| 2022 | $70,612,004 | — | — | −$64,582,424 | $6,029,580 | $— | $1,584,931 | Verified |
| 2021 | $72,663,554 | — | — | −$66,633,974 | $6,029,580 | $— | $1,537,088 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.4% | -5.4% | ~100% | Not available | Partial |
| 2025 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2024 | -15.0% | -15.0% | ~100% | 1.5800% | Verified |
| 2023 | -19.7% | -19.7% | ~100% | 1.7300% | Verified |
| 2022 | +12.1% | +12.1% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -24.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.4% | -6.1% | -6.3% | +13.2% | 2023 | -24.7% | 2024 |
| Assessment Ratio | 100.0% | 39.1% | — | 100.0% | 2025 | 7.5% | 2023 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $860,600 | $1,273,220 | — | $1,584,931 | 2022 | $860,600 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$49,667,258 | ~$49,667,258 | ~0.0000% | ~$0 | -7.3% |
| 2027 | ~$46,027,872 | ~$46,027,872 | ~0.0000% | ~$0 | -14.1% |
| 2028 | ~$42,655,163 | ~$42,655,163 | ~0.0000% | ~$0 | -20.4% |
| 2029 | ~$39,529,591 | ~$39,529,591 | ~0.0000% | ~$0 | -26.2% |
| 2030 | ~$36,633,046 | ~$36,633,046 | ~0.0000% | ~$0 | -31.6% |
| 2026 | ~$50,914,688 | ~$50,914,688 | ~0.0000% | ~$0 | -5.0% |
| 2027 | ~$48,368,953 | ~$48,368,953 | ~0.0000% | ~$0 | -9.8% |
| 2028 | ~$45,950,506 | ~$45,950,506 | ~0.0000% | ~$0 | -14.3% |
| 2029 | ~$43,652,980 | ~$43,652,980 | ~0.0000% | ~$0 | -18.5% |
| 2030 | ~$41,470,331 | ~$41,470,331 | ~0.0000% | ~$0 | -22.6% |
| 2026 | ~$50,739,147 | ~$50,739,147 | ~0.0000% | ~$0 | -5.3% |
| 2027 | ~$48,036,000 | ~$48,036,000 | ~0.0000% | ~$0 | -10.4% |
| 2028 | ~$45,476,865 | ~$45,476,865 | ~0.0000% | ~$0 | -15.1% |
| 2029 | ~$43,054,069 | ~$43,054,069 | ~0.0000% | ~$0 | -19.7% |
| 2030 | ~$40,760,348 | ~$40,760,348 | ~0.0000% | ~$0 | -23.9% |
In 2025, this property's market value of $53,594,408 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 38× the county median of $1,417,484. 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 | $53,594,408 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $60,200,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $79,929,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $70,612,004 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $72,663,554 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |