5450 BEE CAVE RD 21 TX 78746
| Owner | HONECK PROPERTIES LP |
|---|---|
| Parcel ID | 0115210432 |
| Short ID | 706938 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 2,000 SF |
| Land SF | 11,640 SF |
| Acres | 0.267 |
| Year Built | 1980 |
| Legal | UNT 21-24 BLD D RED BUD OFFICE PARK PLUS 13.556% INTEREST IN COMMON AREA |
| Neighborhood | 23ENS03 |
| Land | $232,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $232,800 |
| Improvement | $370,023 |
|---|---|
| Total Improvement | $370,023 |
| Market | $602,823 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $602,823 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $602,823 |
| Taxable Value | $602,823 |
|---|
Appreciation: Market value has risen +48.0% from $407,424 (2021) to $602,823 (2025), a CAGR of 10.3% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.6379% in 2025 (-0.0111% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $9,873. Eanes ISD is the largest single contributor, at 50.8% 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 39% of market value ($232,800 land vs $370,023 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~46 yrs), and rent roll drive the underwriting.
Submarket Position: At $602,823, this parcel sits in the bottom quartile (<25th 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 +10.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $983,714 by 2030, with an estimated annual tax burden around $14,339. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,000 SF | ✓ |
| 591 | MASONRY TRIM SF | 295 SF | ✗ |
| 501 | CANOPY | 60 SF | ✗ |
| 091 | HVAC COMMRCL TON | 4 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% | $5,016.69 | $5,016.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,265.68 | $2,265.68 | Paid |
| CWH City of West Lake Hills | 0.0786% | 0.1504% | 0.1786% | 0.1786% | 0.1768% | -0.0018% | $1,065.69 | $1,065.69 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $711.47 | $711.47 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $456.94 | $456.94 | Paid |
| W10 WCID # 10 | 0.0773% | 0.0675% | 0.0634% | 0.0614% | 0.0592% | -0.0022% | $356.87 | $356.87 | Paid |
| Combined Rate | 1.7666% | 1.7120% | 1.6088% | 1.6489% | 1.6379% | -0.0111% | $9,873.34 | $9,873.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $602,823 | $602,823 | +0.0% |
| Assessed Value | $602,823 | $602,823 | +0.0% |
| Land Value | $232,800 | $232,800 | +0.0% |
| Improvement Value | $370,023 | $370,023 | +0.0% |
| Taxable Value | $602,823 | $602,823 | +0.0% |
| Total Tax 2026 = estimate |
~$9,873
Estimated
|
~$9,873
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $668,500 | $602,823 | -65,677 (-9.8%) |
| Taxable Value | $668,500 | $602,823 | -65,677 (-9.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $602,823 | $232,800 | $370,023 | — | $602,823 | $602,823 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $602,823 | $232,800 | $370,023 | — | $602,823 | $602,823 | ~$9,873 | Partial |
| 2024 | $504,100 | — | — | −$271,300 | $232,800 | $— | $9,975 | Verified |
| 2023 | $417,900 | — | — | −$185,100 | $232,800 | $— | $8,110 | Verified |
| 2022 | $407,500 | — | — | −$174,700 | $232,800 | $— | $7,155 | Verified |
| 2021 | $407,424 | — | — | −$174,624 | $232,800 | $— | $7,199 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.9% | +10.9% | ~100% | Not available | Partial |
| 2025 | -0.7% | -0.3% | ~100% | Not available | Partial |
| 2024 | +9.6% | +9.2% | ~100% | 1.6400% | Verified |
| 2023 | +32.6% | +32.6% | ~100% | 1.4600% | Verified |
| 2022 | +2.6% | +2.6% | ~100% | 1.7100% | Verified |
| 2021 | base year | — | ~100% | 1.7700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +8.6% | +10.3% | +20.6% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 69.4% | — | 100.0% | 2025 | 46.2% | 2024 |
| Effective Tax Rate (2025) | 1.6400% | 1.6400% | — | 1.6400% | 2025 | 1.6400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$9,873 | $8,462 | ~$12,430 | $9,975 | 2024 | $7,155 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$664,853 | ~$663,105 | ~1.6057% | ~$10,647 | +10.3% |
| 2027 | ~$733,266 | ~$729,416 | ~1.5735% | ~$11,477 | +21.6% |
| 2028 | ~$808,718 | ~$802,357 | ~1.5413% | ~$12,367 | +34.2% |
| 2029 | ~$891,935 | ~$882,593 | ~1.5091% | ~$13,319 | +48.0% |
| 2030 | ~$983,714 | ~$970,852 | ~1.4769% | ~$14,339 | +63.2% |
| 2026 | ~$652,797 | ~$652,797 | ~1.6379% | ~$10,692 | +8.3% |
| 2027 | ~$706,913 | ~$706,913 | ~1.6379% | ~$11,578 | +17.3% |
| 2028 | ~$765,515 | ~$765,515 | ~1.6379% | ~$12,538 | +27.0% |
| 2029 | ~$828,976 | ~$828,976 | ~1.6379% | ~$13,577 | +37.5% |
| 2030 | ~$897,697 | ~$897,697 | ~1.6379% | ~$14,703 | +48.9% |
| 2026 | ~$676,909 | ~$663,105 | ~1.5896% | ~$10,541 | +12.3% |
| 2027 | ~$760,101 | ~$729,416 | ~1.5413% | ~$11,243 | +26.1% |
| 2028 | ~$853,517 | ~$802,357 | ~1.4930% | ~$11,979 | +41.6% |
| 2029 | ~$958,413 | ~$882,593 | ~1.4448% | ~$12,751 | +59.0% |
| 2030 | ~$1,076,201 | ~$970,852 | ~1.3965% | ~$13,558 | +78.5% |
In 2025, this property's market value of $602,823 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -57% below 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 | $602,823 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $504,100 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $417,900 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $407,500 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $407,424 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.