1221 S MO-PAC EXPRESSWAY TX 78746
| Owner | SKYWAY VENTURE LP |
|---|---|
| Parcel ID | 0105090201 |
| Short ID | 104410 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 99,925 SF |
| Land SF | 251,694 SF |
| Acres | 5.778 |
| Year Built | 2000 |
| Legal | LOT 4 WALLINGWOOD SEC I |
| Neighborhood | 51SWE |
| Land | $5,033,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,033,880 |
| Improvement | $38,463,765 |
|---|---|
| Total Improvement | $38,463,765 |
| Market | $43,497,645 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $43,497,645 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $43,497,645 |
| Taxable Value | $43,497,645 |
|---|
Appreciation: Market value has fallen -32.5% from $64,471,015 (2021) to $43,497,645 (2025), a CAGR of -9.4% 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.
Tax Burden: The combined rate across 5 taxing entities is 1.9535% in 2025 (+0.0367% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $849,720. Eanes ISD is the largest single contributor, at 42.6% 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 12% of market value ($5,033,880 land vs $38,463,765 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~26 yrs), and rent roll drive the underwriting.
Submarket Position: At $43,497,645, 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 -9.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $26,597,590 by 2030, with an estimated annual tax burden around $445,674. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 207,873 SF | ✓ |
| 491 | SPRINKLER HEADS | 182,503 SF | ✗ |
| 4TH | 4th Floor | 40,380 SF | ✓ |
| 5TH | 5th Floor | 40,380 SF | ✓ |
| 3RD | 3rd Floor | 39,140 SF | ✓ |
| 2ND | 2nd Floor | 38,566 SF | ✓ |
| 551 | PAVED AREA | 25,840 SF | ✗ |
| 1ST | 1st Floor | 22,219 SF | ✓ |
| LOBBY | Lobby | 1,815 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $361,987.40 | $361,987.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $227,935.05 | $227,935.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $163,483.72 | $163,483.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51,337.23 | $51,337.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $44,976.56 | $44,976.56 | Paid |
| Combined Rate | 2.1758% | 1.9829% | 1.8377% | 1.9168% | 1.9535% | +0.0367% | $849,719.96 | $849,719.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $43,315,221 | $43,497,645 | -0.4% |
| Assessed Value | $43,315,221 | $43,497,645 | -0.4% |
| Land Value | $5,033,880 | $5,033,880 | +0.0% |
| Improvement Value | $38,281,341 | $38,463,765 | -0.5% |
| Taxable Value | $43,315,221 | $43,497,645 | -0.4% |
| Total Tax 2026 = estimate |
~$846,156
Estimated
|
~$849,720
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $43,315,221 | $43,315,221 | +0 (+0.0%) |
| Taxable Value | $43,315,221 | $43,315,221 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $43,315,221 | $5,033,880 | $38,281,341 | — | $43,315,221 | $43,315,221 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $43,497,645 | $5,033,880 | $38,463,765 | — | $43,497,645 | $43,497,645 | ~$849,720 | Partial |
| 2024 | $51,068,083 | — | — | −$46,034,203 | $5,033,880 | $— | $894,203 | Verified |
| 2023 | $70,816,750 | — | — | −$65,782,870 | $5,033,880 | $— | $940,654 | Verified |
| 2022 | $63,903,387 | — | — | −$58,869,507 | $5,033,880 | $— | $1,404,242 | Verified |
| 2021 | $64,471,015 | — | — | −$59,437,135 | $5,033,880 | $— | $1,391,040 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.4% | -0.4% | ~100% | Not available | Partial |
| 2025 | -11.9% | -11.9% | ~100% | Not available | Partial |
| 2024 | -7.3% | -7.3% | ~100% | 1.8100% | Verified |
| 2023 | -24.8% | -24.8% | ~100% | 1.7700% | Verified |
| 2022 | +9.8% | +9.8% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.4% | -6.6% | -9.3% | +10.8% | 2023 | -27.9% | 2024 |
| Assessment Ratio | 100.0% | 38.8% | — | 100.0% | 2025 | 7.1% | 2023 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$849,720 | $1,095,972 | ~$587,749 | $1,404,242 | 2022 | $849,720 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$39,422,218 | ~$39,422,218 | ~1.8979% | ~$748,199 | -9.4% |
| 2027 | ~$35,728,630 | ~$35,728,630 | ~1.8423% | ~$658,242 | -17.9% |
| 2028 | ~$32,381,106 | ~$32,381,106 | ~1.7868% | ~$578,574 | -25.6% |
| 2029 | ~$29,347,221 | ~$29,347,221 | ~1.7312% | ~$508,056 | -32.5% |
| 2030 | ~$26,597,590 | ~$26,597,590 | ~1.6756% | ~$445,674 | -38.9% |
| 2026 | ~$41,322,763 | ~$41,322,763 | ~1.9535% | ~$807,234 | -5.0% |
| 2027 | ~$39,256,625 | ~$39,256,625 | ~1.9535% | ~$766,872 | -9.7% |
| 2028 | ~$37,293,793 | ~$37,293,793 | ~1.9535% | ~$728,529 | -14.3% |
| 2029 | ~$35,429,104 | ~$35,429,104 | ~1.9535% | ~$692,102 | -18.5% |
| 2030 | ~$33,657,649 | ~$33,657,649 | ~1.9535% | ~$657,497 | -22.6% |
| 2026 | ~$40,292,171 | ~$40,292,171 | ~1.8701% | ~$753,514 | -7.4% |
| 2027 | ~$37,322,918 | ~$37,322,918 | ~1.7868% | ~$666,873 | -14.2% |
| 2028 | ~$34,572,478 | ~$34,572,478 | ~1.7034% | ~$588,909 | -20.5% |
| 2029 | ~$32,024,727 | ~$32,024,727 | ~1.6200% | ~$518,815 | -26.4% |
| 2030 | ~$29,664,727 | ~$29,664,727 | ~1.5367% | ~$455,853 | -31.8% |
In 2025, this property's market value of $43,497,645 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 31× 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 | $43,497,645 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $51,068,083 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $70,816,750 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $63,903,387 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $64,471,015 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |
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.