3500 OAKMONT BLVD 1 TX 78731
| Owner | STATE STREET PROPERTY MANAGEMENT LLC |
|---|---|
| Parcel ID | 0122021402 |
| Short ID | 832542 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 5,437 SF |
| Land SF | 7,268 SF |
| Acres | 0.167 |
| Year Built | 1985 |
| Legal | UNT 1 WEST 35TH OFFICE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA |
| Neighborhood | 53CEN |
| Land | $399,732 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $399,732 |
| Improvement | $949,204 |
|---|---|
| Total Improvement | $949,204 |
| Market | $1,348,936 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,348,936 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,348,936 |
| Taxable Value | $1,348,936 |
|---|
Appreciation: Market value has fallen -31.5% from $1,970,000 (2021) to $1,348,936 (2025), a CAGR of -9.0% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $27,606. Austin ISD is the largest single contributor, at 45.2% 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 30% of market value ($399,732 land vs $949,204 improvements), about $55/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,348,936, 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 -9.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $840,229 by 2030, with an estimated annual tax burden around $15,828. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 5,437 SF | ✓ |
| 187 | PARKING GARAGE | 2,905 SF | ✓ |
| 551 | PAVED AREA | 2,635 SF | ✗ |
| 501 | CANOPY | 291 SF | ✗ |
| 611 | TERRACE | 291 SF | ✗ |
| 327 | STORAGE COMM'L | 100 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $12,480.36 | $12,480.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,068.65 | $7,068.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,069.91 | $5,069.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,592.05 | $1,592.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,394.80 | $1,394.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,605.77 | $27,605.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,565,660 | $1,348,936 | +16.1% |
| Assessed Value | $1,565,660 | $1,348,936 | +16.1% |
| Land Value | $399,732 | $399,732 | +0.0% |
| Improvement Value | $1,165,928 | $949,204 | +22.8% |
| Taxable Value | $1,565,660 | $1,348,936 | +16.1% |
| Total Tax 2026 = estimate |
~$32,041
Estimated
|
~$27,606
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,673,891 | $1,565,660 | -108,231 (-6.5%) |
| Taxable Value | $1,618,723 | $1,565,660 | -53,063 (-3.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,565,660 | $399,732 | $1,165,928 | — | $1,565,660 | $1,565,660 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,348,936 | $399,732 | $949,204 | — | $1,348,936 | $1,348,936 | ~$27,606 | Partial |
| 2024 | $2,504,429 | — | — | −$2,104,697 | $399,732 | $— | $28,579 | Verified |
| 2023 | $2,348,107 | — | — | −$1,948,375 | $399,732 | $— | $45,311 | Verified |
| 2022 | $2,062,433 | — | — | −$1,662,701 | $399,732 | $— | $46,373 | Verified |
| 2021 | $1,970,000 | — | — | −$1,570,268 | $399,732 | $— | $44,893 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +24.1% | +20.0% | 96.7% | Not available | Partial |
| 2025 | -12.5% | -12.5% | ~100% | Not available | Partial |
| 2024 | -38.4% | -38.4% | ~100% | 1.8500% | Verified |
| 2023 | +6.7% | +6.7% | ~100% | 1.8100% | Verified |
| 2022 | +13.9% | +13.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -34.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.1% | -0.9% | -11.6% | +16.1% | 2026 | -46.1% | 2025 |
| Assessment Ratio | 100.0% | 45.4% | — | 100.0% | 2025 | 16.0% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$27,606 | $38,552 | ~$20,029 | $46,373 | 2022 | $27,606 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,227,079 | ~$1,227,079 | ~2.0139% | ~$24,713 | -9.0% |
| 2027 | ~$1,116,231 | ~$1,116,231 | ~1.9814% | ~$22,117 | -17.3% |
| 2028 | ~$1,015,395 | ~$1,015,395 | ~1.9488% | ~$19,788 | -24.7% |
| 2029 | ~$923,669 | ~$923,669 | ~1.9163% | ~$17,700 | -31.5% |
| 2030 | ~$840,229 | ~$840,229 | ~1.8837% | ~$15,828 | -37.7% |
| 2026 | ~$1,281,489 | ~$1,281,489 | ~2.0465% | ~$26,225 | -5.0% |
| 2027 | ~$1,217,415 | ~$1,217,415 | ~2.0465% | ~$24,914 | -9.7% |
| 2028 | ~$1,156,544 | ~$1,156,544 | ~2.0465% | ~$23,668 | -14.3% |
| 2029 | ~$1,098,717 | ~$1,098,717 | ~2.0465% | ~$22,485 | -18.5% |
| 2030 | ~$1,043,781 | ~$1,043,781 | ~2.0465% | ~$21,361 | -22.6% |
| 2026 | ~$1,254,058 | ~$1,254,058 | ~1.9977% | ~$25,052 | -7.0% |
| 2027 | ~$1,165,853 | ~$1,165,853 | ~1.9488% | ~$22,721 | -13.6% |
| 2028 | ~$1,083,853 | ~$1,083,853 | ~1.9000% | ~$20,593 | -19.7% |
| 2029 | ~$1,007,619 | ~$1,007,619 | ~1.8512% | ~$18,653 | -25.3% |
| 2030 | ~$936,748 | ~$936,748 | ~1.8024% | ~$16,884 | -30.6% |
In 2025, this property's market value of $1,348,936 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -5% 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 | $1,348,936 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $2,504,429 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,348,107 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,062,433 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,970,000 | $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.