500 N CAPITAL OF TX HY TX 78746
| Owner | RESERVE BUILDING FIVE INVESTORS LTD |
|---|---|
| Parcel ID | 0121230313 |
| Short ID | 121237 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 10,162 SF |
| Land SF | 98,384 SF |
| Acres | 2.259 |
| Year Built | 1983 |
| Legal | UNT 5 BLD F RESERVE CONDOMINIUMS AMENDED THE PLUS 12.1% INT IN COMMON AREA |
| Neighborhood | 52SWE |
| Land | $1,180,608 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,180,608 |
| Improvement | $236,537 |
|---|---|
| Total Improvement | $236,537 |
| Market | $1,417,145 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,417,145 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,417,145 |
| Taxable Value | $1,417,145 |
|---|
Appreciation: Market value has fallen -32.4% from $2,096,000 (2021) to $1,417,145 (2025), a CAGR of -9.3% 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 1.4611% in 2025 (-0.0092% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $20,705. Eanes ISD is the largest single contributor, at 57.0% 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 83% of market value ($1,180,608 land vs $236,537 improvements), about $12/SF of land. With value concentrated in the land under a ~43-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,417,145, this parcel sits in the lower-middle (25th–50th 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 -9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $868,846 by 2030, with an estimated annual tax burden around $10,230. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 5,624 SF | ✓ |
| 2ND | 2nd Floor | 4,538 SF | ✓ |
| SO | Sketch Only | 1,849 SF | ✗ |
| UBSMT | Unfinished Basement | 441 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $11,793.48 | $11,793.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,326.27 | $5,326.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,672.56 | $1,672.56 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $1,074.20 | $1,074.20 | Paid |
| W10 WCID # 10 | 0.0773% | 0.0675% | 0.0634% | 0.0614% | 0.0592% | -0.0022% | $838.95 | $838.95 | Paid |
| Combined Rate | 1.6880% | 1.5616% | 1.4302% | 1.4703% | 1.4611% | -0.0092% | $20,705.46 | $20,705.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,440,920 | $1,417,145 | +1.7% |
| Assessed Value | $1,440,920 | $1,417,145 | +1.7% |
| Land Value | $1,180,608 | $1,180,608 | +0.0% |
| Improvement Value | $260,312 | $236,537 | +10.1% |
| Taxable Value | $1,440,920 | $1,417,145 | +1.7% |
| Total Tax 2026 = estimate |
~$21,053
Estimated
|
~$20,705
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,572,347 | $1,440,920 | -131,427 (-8.4%) |
| Taxable Value | $1,572,347 | $1,440,920 | -131,427 (-8.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,440,920 | $1,180,608 | $260,312 | — | $1,440,920 | $1,440,920 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,417,145 | $1,180,608 | $236,537 | — | $1,417,145 | $1,417,145 | ~$20,705 | Partial |
| 2024 | $1,847,185 | — | — | −$666,577 | $1,180,608 | $— | $22,338 | Verified |
| 2023 | $2,144,817 | — | — | −$964,209 | $1,180,608 | $— | $26,419 | Verified |
| 2022 | $2,139,827 | — | — | −$959,219 | $1,180,608 | $— | $33,494 | Verified |
| 2021 | $2,096,000 | — | — | −$915,392 | $1,180,608 | $— | $36,120 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.0% | +11.0% | ~100% | Not available | Partial |
| 2025 | -6.7% | -6.7% | ~100% | Not available | Partial |
| 2024 | -17.8% | -17.8% | ~100% | 1.4700% | Verified |
| 2023 | -13.9% | -13.9% | ~100% | 1.4300% | Verified |
| 2022 | +0.2% | +0.2% | ~100% | 1.5600% | Verified |
| 2021 | base year | — | ~100% | 1.7200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -33.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.7% | -6.6% | -9.6% | +2.1% | 2022 | -23.3% | 2025 |
| Assessment Ratio | 100.0% | 71.7% | — | 100.0% | 2025 | 55.0% | 2023 |
| Effective Tax Rate (2025) | 1.4600% | 1.4600% | — | 1.4600% | 2025 | 1.4600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,705 | $27,815 | ~$13,889 | $36,120 | 2021 | $20,705 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,285,050 | ~$1,285,050 | ~1.4043% | ~$18,046 | -9.3% |
| 2027 | ~$1,165,268 | ~$1,165,268 | ~1.3476% | ~$15,703 | -17.8% |
| 2028 | ~$1,056,651 | ~$1,056,651 | ~1.2909% | ~$13,640 | -25.4% |
| 2029 | ~$958,158 | ~$958,158 | ~1.2342% | ~$11,825 | -32.4% |
| 2030 | ~$868,846 | ~$868,846 | ~1.1774% | ~$10,230 | -38.7% |
| 2026 | ~$1,346,288 | ~$1,346,288 | ~1.4611% | ~$19,670 | -5.0% |
| 2027 | ~$1,278,973 | ~$1,278,973 | ~1.4611% | ~$18,687 | -9.8% |
| 2028 | ~$1,215,025 | ~$1,215,025 | ~1.4611% | ~$17,752 | -14.3% |
| 2029 | ~$1,154,273 | ~$1,154,273 | ~1.4611% | ~$16,865 | -18.5% |
| 2030 | ~$1,096,560 | ~$1,096,560 | ~1.4611% | ~$16,021 | -22.6% |
| 2026 | ~$1,313,393 | ~$1,313,393 | ~1.3760% | ~$18,072 | -7.3% |
| 2027 | ~$1,217,237 | ~$1,217,237 | ~1.2909% | ~$15,713 | -14.1% |
| 2028 | ~$1,128,120 | ~$1,128,120 | ~1.2058% | ~$13,603 | -20.4% |
| 2029 | ~$1,045,528 | ~$1,045,528 | ~1.1207% | ~$11,717 | -26.2% |
| 2030 | ~$968,983 | ~$968,983 | ~1.0356% | ~$10,035 | -31.6% |
In 2025, this property's market value of $1,417,145 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -0% 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 | $1,417,145 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,847,185 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,144,817 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,139,827 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,096,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.