Address unknown
| Owner | CITY OF WEST LAKE HILLS |
|---|---|
| Parcel ID | 0111150218 |
| Short ID | 990620 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,880 SF |
| Land SF | 213,204 SF |
| Acres | 4.894 |
| Year Built | 1965 |
| Legal | — |
| Neighborhood | — |
| Land | $4,264,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,264,080 |
| Improvement | $764,821 |
|---|---|
| Total Improvement | $764,821 |
| Market | $5,028,901 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,028,901 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,028,901 |
| Taxable Value | $5,028,901 |
|---|
Asset Class: R. 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 85% of market value ($4,264,080 land vs $764,821 improvements), about $20/SF of land. With value concentrated in the land under a ~61-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
No delinquent taxes on record.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 19,000 SF | ✗ |
| 1ST | 1st Floor | 5,880 SF | ✓ |
| 611 | TERRACE | 1,480 SF | ✗ |
Market value changed by 77% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,917,378 | $5,028,901 | +77.3% |
| Assessed Value | $8,917,378 | $5,028,901 | +77.3% |
| Land Value | $4,264,080 | $4,264,080 | +0.0% |
| Improvement Value | $4,653,298 | $764,821 | +508.4% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,917,378 | $8,917,378 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,917,378 | $4,264,080 | $4,653,298 | — | $8,917,378 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,028,901 | $4,264,080 | $764,821 | — | $5,028,901 | $— | not in county billing file ⓘ | Partial |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +77.3% ! | +77.3% | ~100% | Not available | Partial |
| 2025 | base year | — | ~100% | Not available | Partial |
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +77.3% | +77.3% | — | +77.3% | 2026 | +77.3% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
|
Tax Amount
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |