1515 S CAPITAL OF TX HY TX 78746
| Owner | OP WESTLAKE PLACE PROPERTY LLC |
|---|---|
| Parcel ID | 0107190245 |
| Short ID | 106108 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 38,953 SF |
| Land SF | 109,815 SF |
| Acres | 2.521 |
| Year Built | 1981 |
| Legal | LOT 5-6 BLK A WESTLAKE CROSSROADS |
| Neighborhood | 51SWE |
| Land | $1,647,225 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,647,225 |
| Improvement | $9,932,238 |
|---|---|
| Total Improvement | $9,932,238 |
| Market | $11,579,463 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,579,463 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,579,463 |
| Taxable Value | $11,579,463 |
|---|
Appreciation: Market value has fallen -20.2% from $14,505,086 (2021) to $11,579,463 (2025), a CAGR of -5.5% 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 1.9535% in 2025 (+0.0367% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $226,203. 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 14% of market value ($1,647,225 land vs $9,932,238 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~45 yrs), and rent roll drive the underwriting.
Submarket Position: At $11,579,463, 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 -5.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,737,729 by 2030, with an estimated annual tax burden around $146,411. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 55,520 SF | ✗ |
| 1ST | 1st Floor | 13,115 SF | ✓ |
| 2ND | 2nd Floor | 12,919 SF | ✓ |
| 3RD | 3rd Floor | 12,919 SF | ✓ |
| 4TH | 4th Floor | 12,919 SF | ✓ |
| 5TH | 5th Floor | 12,919 SF | ✓ |
| 482 | LIGHT POLES | 7 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $89,461.50 | $89,461.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $56,331.83 | $56,331.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $40,403.34 | $40,403.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,687.47 | $12,687.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,115.50 | $11,115.50 | Paid |
| Combined Rate | 2.1758% | 1.9829% | 1.8377% | 1.9168% | 1.9535% | +0.0367% | $209,999.64 | $209,999.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,750,000 | $11,579,463 | -7.2% |
| Assessed Value | $10,750,000 | $11,579,463 | -7.2% |
| Land Value | $1,647,225 | $1,647,225 | +0.0% |
| Improvement Value | $9,102,775 | $9,932,238 | -8.4% |
| Taxable Value | $10,750,000 | $11,579,463 | -7.2% |
| Total Tax 2026 = estimate |
~$210,000
Estimated
|
~$210,000
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,002,927 | $10,750,000 | -1,252,927 (-10.4%) |
| Taxable Value | $12,002,927 | $10,750,000 | -1,252,927 (-10.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,750,000 | $1,647,225 | $9,102,775 | — | $10,750,000 | $10,750,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,579,463 | $1,647,225 | $9,932,238 | — | $11,579,463 | $11,579,463 | ~$210,000 | Partial |
| 2024 | $14,750,000 | — | — | −$13,102,775 | $1,647,225 | $— | $258,748 | Verified |
| 2023 | $16,800,000 | — | — | −$15,152,775 | $1,647,225 | $— | $271,900 | Verified |
| 2022 | $14,922,900 | — | — | −$13,275,675 | $1,647,225 | $— | $334,401 | Verified |
| 2021 | $14,505,086 | — | — | −$12,857,861 | $1,647,225 | $— | $324,689 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2025 | -14.2% | -14.2% | ~100% | Not available | Partial |
| 2024 | -13.4% | -13.4% | ~100% | 1.9200% | Verified |
| 2023 | -13.8% | -13.8% | ~100% | 1.7400% | Verified |
| 2022 | +21.2% | +21.2% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -22.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.2% | -5.1% | -4.0% | +12.6% | 2023 | -21.5% | 2025 |
| Assessment Ratio | 100.0% | 40.6% | — | 100.0% | 2025 | 9.8% | 2023 |
| Effective Tax Rate (2025) | 1.8100% | 1.8100% | — | 1.8100% | 2025 | 1.8100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$210,000 | $279,948 | ~$175,904 | $334,401 | 2022 | $210,000 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$10,945,370 | ~$10,945,370 | ~1.8979% | ~$207,733 | -5.5% |
| 2027 | ~$10,346,000 | ~$10,346,000 | ~1.8423% | ~$190,608 | -10.7% |
| 2028 | ~$9,779,452 | ~$9,779,452 | ~1.7868% | ~$174,736 | -15.5% |
| 2029 | ~$9,243,928 | ~$9,243,928 | ~1.7312% | ~$160,030 | -20.2% |
| 2030 | ~$8,737,729 | ~$8,737,729 | ~1.6756% | ~$146,411 | -24.5% |
| 2026 | ~$11,000,490 | ~$11,000,490 | ~1.9535% | ~$214,893 | -5.0% |
| 2027 | ~$10,450,465 | ~$10,450,465 | ~1.9535% | ~$204,148 | -9.8% |
| 2028 | ~$9,927,942 | ~$9,927,942 | ~1.9535% | ~$193,941 | -14.3% |
| 2029 | ~$9,431,545 | ~$9,431,545 | ~1.9535% | ~$184,244 | -18.5% |
| 2030 | ~$8,959,968 | ~$8,959,968 | ~1.9535% | ~$175,032 | -22.6% |
| 2026 | ~$11,176,959 | ~$11,176,959 | ~1.8701% | ~$209,023 | -3.5% |
| 2027 | ~$10,788,447 | ~$10,788,447 | ~1.7868% | ~$192,764 | -6.8% |
| 2028 | ~$10,413,439 | ~$10,413,439 | ~1.7034% | ~$177,383 | -10.1% |
| 2029 | ~$10,051,466 | ~$10,051,466 | ~1.6200% | ~$162,838 | -13.2% |
| 2030 | ~$9,702,076 | ~$9,702,076 | ~1.5367% | ~$149,090 | -16.2% |
In 2025, this property's market value of $11,579,463 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $11,579,463 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $14,750,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $16,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $14,922,900 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $14,505,086 | $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.