111 SANDRA MURAIDA WAY TX 78703
| Owner | LAMY-PARK PLAZA LTD |
|---|---|
| Parcel ID | 0106020403 |
| Short ID | 877833 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 13,982 SF |
| Land SF | 4,635 SF |
| Acres | 0.106 |
| Year Built | 2013 |
| Legal | UNT RETAIL/OFFICE PARK TOWER MASTER CONDOMINIUM PLUS 5.87 % INT IN COM AREA |
| Neighborhood | 52CBD |
| Land | $1,309,662 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,309,662 |
| Improvement | $2,628,791 |
|---|---|
| Total Improvement | $2,628,791 |
| Market | $3,938,453 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,938,453 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,938,453 |
| Taxable Value | $3,938,453 |
|---|
Appreciation: Market value has fallen -30.7% from $5,686,692 (2021) to $3,938,453 (2025), a CAGR of -8.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $80,600. 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 33% of market value ($1,309,662 land vs $2,628,791 improvements), about $283/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,938,453, 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 -8.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,488,331 by 2030, with an estimated annual tax burden around $46,874. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 15,110 SF | ✗ |
| 1ST | 1st Floor | 13,982 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $36,438.57 | $36,438.57 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $20,638.16 | $20,638.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,802.48 | $14,802.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,648.28 | $4,648.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,072.36 | $4,072.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $80,599.85 | $80,599.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,344,174 | $3,938,453 | -15.1% |
| Assessed Value | $3,344,174 | $3,938,453 | -15.1% |
| Land Value | $1,738,151 | $1,309,662 | +32.7% |
| Improvement Value | $1,606,023 | $2,628,791 | -38.9% |
| Taxable Value | $3,344,174 | $3,938,453 | -15.1% |
| Total Tax 2026 = estimate |
~$68,438
Estimated
|
~$80,600
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,344,174 | $3,344,174 | +0 (+0.0%) |
| Taxable Value | $3,344,174 | $3,344,174 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,344,174 | $1,738,151 | $1,606,023 | — | $3,344,174 | $3,344,174 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,938,453 | $1,309,662 | $2,628,791 | — | $3,938,453 | $3,938,453 | ~$80,600 | Partial |
| 2024 | $5,393,812 | — | — | −$4,084,150 | $1,309,662 | $— | $102,965 | Verified |
| 2023 | $5,678,433 | — | — | −$4,368,771 | $1,309,662 | $— | $97,587 | Verified |
| 2022 | $5,580,859 | — | — | −$4,514,793 | $1,066,066 | $— | $112,145 | Verified |
| 2021 | $5,686,692 | — | — | −$4,620,626 | $1,066,066 | $— | $121,477 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.1% | -15.1% | ~100% | Not available | Partial |
| 2025 | -24.2% | -24.2% | ~100% | Not available | Partial |
| 2024 | -3.7% | -3.7% | ~100% | 1.9800% | Verified |
| 2023 | -5.0% | -5.0% | ~100% | 1.8100% | Verified |
| 2022 | +1.7% | +1.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -29.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.1% | -9.5% | -5.5% | +1.7% | 2023 | -27.0% | 2025 |
| Assessment Ratio | 100.0% | 47.5% | — | 100.0% | 2025 | 18.7% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$80,600 | $102,955 | ~$58,943 | $121,477 | 2021 | $80,600 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,592,875 | ~$3,592,875 | ~2.0139% | ~$72,358 | -8.8% |
| 2027 | ~$3,277,620 | ~$3,277,620 | ~1.9814% | ~$64,942 | -16.8% |
| 2028 | ~$2,990,027 | ~$2,990,027 | ~1.9488% | ~$58,271 | -24.1% |
| 2029 | ~$2,727,669 | ~$2,727,669 | ~1.9163% | ~$52,270 | -30.7% |
| 2030 | ~$2,488,331 | ~$2,488,331 | ~1.8837% | ~$46,874 | -36.8% |
| 2026 | ~$3,741,530 | ~$3,741,530 | ~2.0465% | ~$76,570 | -5.0% |
| 2027 | ~$3,554,454 | ~$3,554,454 | ~2.0465% | ~$72,741 | -9.7% |
| 2028 | ~$3,376,731 | ~$3,376,731 | ~2.0465% | ~$69,104 | -14.3% |
| 2029 | ~$3,207,895 | ~$3,207,895 | ~2.0465% | ~$65,649 | -18.5% |
| 2030 | ~$3,047,500 | ~$3,047,500 | ~2.0465% | ~$62,367 | -22.6% |
| 2026 | ~$3,671,644 | ~$3,671,644 | ~1.9977% | ~$73,347 | -6.8% |
| 2027 | ~$3,422,911 | ~$3,422,911 | ~1.9488% | ~$66,707 | -13.1% |
| 2028 | ~$3,191,027 | ~$3,191,027 | ~1.9000% | ~$60,630 | -19.0% |
| 2029 | ~$2,974,853 | ~$2,974,853 | ~1.8512% | ~$55,070 | -24.5% |
| 2030 | ~$2,773,323 | ~$2,773,323 | ~1.8024% | ~$49,986 | -29.6% |
In 2025, this property's market value of $3,938,453 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +178% above 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 | $3,938,453 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,393,812 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,678,433 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,580,859 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,686,692 | $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.