515 S CAPITAL OF TX HY TX 78746
| Owner | RPC SPIRIT OF TEXAS LLC |
|---|---|
| Parcel ID | 0117230213 |
| Short ID | 117640 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 30,951 SF |
| Land SF | 104,326 SF |
| Acres | 2.395 |
| Year Built | 1985 |
| Legal | LOT C FLINTRIDGE OAKS RESUB NO 1 |
| Neighborhood | 52SWE |
| Land | $2,086,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,086,520 |
| Improvement | $3,019,648 |
|---|---|
| Total Improvement | $3,019,648 |
| Market | $5,106,168 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,106,168 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,106,168 |
| Taxable Value | $5,106,168 |
|---|
Appreciation: Market value has fallen -23.6% from $6,685,792 (2021) to $5,106,168 (2025), a CAGR of -6.5% 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 6 taxing entities is 1.6379% in 2025 (-0.0111% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $83,631. 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 41% of market value ($2,086,520 land vs $3,019,648 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,106,168, 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 -6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,645,633 by 2030, with an estimated annual tax burden around $53,844. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 30,951 SF | ✗ |
| 551 | PAVED AREA | 16,000 SF | ✗ |
| 2ND | 2nd Floor | 15,211 SF | ✓ |
| 3RD | 3rd Floor | 14,961 SF | ✓ |
| 487 | PARKING UNDER | 14,643 SF | ✓ |
| 1ST | 1st Floor | 779 SF | ✓ |
| 501 | CANOPY | 586 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% | $42,493.53 | $42,493.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,191.28 | $19,191.28 | Paid |
| CWH City of West Lake Hills | 0.0786% | 0.1504% | 0.1786% | 0.1786% | 0.1768% | -0.0018% | $9,026.84 | $9,026.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,026.45 | $6,026.45 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $3,870.48 | $3,870.48 | Paid |
| W10 WCID # 10 | 0.0773% | 0.0675% | 0.0634% | 0.0614% | 0.0592% | -0.0022% | $3,022.85 | $3,022.85 | Paid |
| Combined Rate | 1.7666% | 1.7120% | 1.6088% | 1.6489% | 1.6379% | -0.0111% | $83,631.43 | $83,631.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,980,793 | $5,106,168 | +17.1% |
| Assessed Value | $5,980,793 | $5,106,168 | +17.1% |
| Land Value | $2,086,520 | $2,086,520 | +0.0% |
| Improvement Value | $3,894,273 | $3,019,648 | +29.0% |
| Taxable Value | $5,980,793 | $5,106,168 | +17.1% |
| Total Tax 2026 = estimate |
~$97,956
Estimated
|
~$83,631
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,980,793 | $5,980,793 | +0 (+0.0%) |
| Taxable Value | $5,980,793 | $5,980,793 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,980,793 | $2,086,520 | $3,894,273 | — | $5,980,793 | $5,980,793 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,106,168 | $2,086,520 | $3,019,648 | — | $5,106,168 | $5,106,168 | ~$83,631 | Partial |
| 2024 | $8,173,346 | — | — | −$6,086,826 | $2,086,520 | $— | $91,422 | Verified |
| 2023 | $8,789,000 | — | — | −$6,702,480 | $2,086,520 | $— | $131,497 | Verified |
| 2022 | $8,197,686 | — | — | −$6,111,166 | $2,086,520 | $— | $150,470 | Verified |
| 2021 | $6,685,792 | — | — | −$4,599,272 | $2,086,520 | $— | $144,819 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.1% | +17.1% | ~100% | Not available | Partial |
| 2025 | -17.3% | -17.3% | ~100% | Not available | Partial |
| 2024 | -24.4% | -24.4% | ~100% | 1.4800% | Verified |
| 2023 | -11.4% | -11.4% | ~100% | 1.6100% | Verified |
| 2022 | +12.5% | +12.5% | ~100% | 1.6300% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -37.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +17.1% | +0.5% | -9.3% | +22.6% | 2022 | -37.5% | 2025 |
| Assessment Ratio | 100.0% | 51.0% | — | 100.0% | 2025 | 23.7% | 2023 |
| 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 |
$83,631 | $120,368 | ~$64,771 | $150,470 | 2022 | $83,631 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,773,431 | ~$4,773,431 | ~1.6057% | ~$76,646 | -6.5% |
| 2027 | ~$4,462,377 | ~$4,462,377 | ~1.5735% | ~$70,215 | -12.6% |
| 2028 | ~$4,171,592 | ~$4,171,592 | ~1.5413% | ~$64,297 | -18.3% |
| 2029 | ~$3,899,755 | ~$3,899,755 | ~1.5091% | ~$58,852 | -23.6% |
| 2030 | ~$3,645,633 | ~$3,645,633 | ~1.4769% | ~$53,844 | -28.6% |
| 2026 | ~$4,850,860 | ~$4,850,860 | ~1.6379% | ~$79,450 | -5.0% |
| 2027 | ~$4,608,317 | ~$4,608,317 | ~1.6379% | ~$75,477 | -9.7% |
| 2028 | ~$4,377,901 | ~$4,377,901 | ~1.6379% | ~$71,703 | -14.3% |
| 2029 | ~$4,159,006 | ~$4,159,006 | ~1.6379% | ~$68,118 | -18.5% |
| 2030 | ~$3,951,055 | ~$3,951,055 | ~1.6379% | ~$64,712 | -22.6% |
| 2026 | ~$4,875,554 | ~$4,875,554 | ~1.5896% | ~$77,501 | -4.5% |
| 2027 | ~$4,655,356 | ~$4,655,356 | ~1.5413% | ~$71,753 | -8.8% |
| 2028 | ~$4,445,103 | ~$4,445,103 | ~1.4930% | ~$66,367 | -12.9% |
| 2029 | ~$4,244,346 | ~$4,244,346 | ~1.4448% | ~$61,321 | -16.9% |
| 2030 | ~$4,052,655 | ~$4,052,655 | ~1.3965% | ~$56,595 | -20.6% |
In 2025, this property's market value of $5,106,168 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,106,168 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,173,346 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,789,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,197,686 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,685,792 | $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.