5608 PARKCREST DR TX 78731
| Owner | RIO GRANDE STREET PARTNERS LP & ETAL |
|---|---|
| Parcel ID | 0132030204 |
| Short ID | 127931 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 29,020 SF |
| Land SF | 60,548 SF |
| Acres | 1.390 |
| Year Built | 1984 |
| Legal | LOT 1 PARKCREST CENTER NO 2 |
| Neighborhood | 52NWE |
| Land | $1,816,440 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,816,440 |
| Improvement | $1,898,128 |
|---|---|
| Total Improvement | $1,898,128 |
| Market | $3,714,568 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,714,568 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,714,568 |
| Taxable Value | $3,714,568 |
|---|
Appreciation: Market value has fallen -36.5% from $5,848,300 (2021) to $3,714,568 (2025), a CAGR of -10.7% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $76,018. 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 49% of market value ($1,816,440 land vs $1,898,128 improvements), about $30/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,714,568, 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 -10.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,106,234 by 2030, with an estimated annual tax burden around $39,676. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 26,850 SF | ✗ |
| 1ST | 1st Floor | 9,900 SF | ✓ |
| 2ND | 2nd Floor | 9,560 SF | ✓ |
| 3RD | 3rd Floor | 9,560 SF | ✓ |
| 501 | CANOPY | 612 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% | $34,367.18 | $34,367.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,464.97 | $19,464.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,961.02 | $13,961.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,384.04 | $4,384.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,840.86 | $3,840.86 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $76,018.07 | $76,018.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,574,925 | $3,714,568 | -3.8% |
| Assessed Value | $3,574,925 | $3,714,568 | -3.8% |
| Land Value | $1,816,440 | $1,816,440 | +0.0% |
| Improvement Value | $1,758,485 | $1,898,128 | -7.4% |
| Taxable Value | $3,574,925 | $3,714,568 | -3.8% |
| Total Tax 2026 = estimate |
~$73,160
Estimated
|
~$76,018
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,139,361 | $3,574,925 | -564,436 (-13.6%) |
| Taxable Value | $4,139,361 | $3,574,925 | -564,436 (-13.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,574,925 | $1,816,440 | $1,758,485 | — | $3,574,925 | $3,574,925 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,714,568 | $1,816,440 | $1,898,128 | — | $3,714,568 | $3,714,568 | ~$76,018 | Partial |
| 2024 | $4,600,000 | — | — | −$2,783,560 | $1,816,440 | $— | $81,886 | Verified |
| 2023 | $6,164,118 | — | — | −$4,347,678 | $1,816,440 | $— | $84,097 | Verified |
| 2022 | $— | — | — | — | $2,119,180 | $— | $121,737 | Verified |
| 2021 | $5,848,300 | — | — | −$3,729,120 | $2,119,180 | $— | $124,239 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.4% | +11.4% | ~100% | Not available | Partial |
| 2025 | -10.1% | -10.1% | ~100% | Not available | Partial |
| 2024 | -24.7% | -24.7% | ~100% | 1.9800% | Verified |
| 2023 | -11.0% | -11.0% | ~100% | 1.5300% | Verified |
| 2022 | +5.2% | +5.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -36.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.8% | -10.8% | -10.0% | +5.4% | 2023 | -25.4% | 2024 |
| Assessment Ratio | 100.0% | 61.0% | — | 100.0% | 2025 | 29.5% | 2023 |
| 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 |
$76,018 | $91,560 | ~$52,366 | $124,239 | 2021 | $76,018 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,316,103 | ~$3,316,103 | ~2.0139% | ~$66,784 | -10.7% |
| 2027 | ~$2,960,381 | ~$2,960,381 | ~1.9814% | ~$58,657 | -20.3% |
| 2028 | ~$2,642,818 | ~$2,642,818 | ~1.9488% | ~$51,504 | -28.9% |
| 2029 | ~$2,359,321 | ~$2,359,321 | ~1.9163% | ~$45,211 | -36.5% |
| 2030 | ~$2,106,234 | ~$2,106,234 | ~1.8837% | ~$39,676 | -43.3% |
| 2026 | ~$3,528,840 | ~$3,528,840 | ~2.0465% | ~$72,217 | -5.0% |
| 2027 | ~$3,352,398 | ~$3,352,398 | ~2.0465% | ~$68,606 | -9.7% |
| 2028 | ~$3,184,778 | ~$3,184,778 | ~2.0465% | ~$65,176 | -14.3% |
| 2029 | ~$3,025,539 | ~$3,025,539 | ~2.0465% | ~$61,917 | -18.5% |
| 2030 | ~$2,874,262 | ~$2,874,262 | ~2.0465% | ~$58,821 | -22.6% |
| 2026 | ~$3,390,394 | ~$3,390,394 | ~1.9977% | ~$67,729 | -8.7% |
| 2027 | ~$3,094,511 | ~$3,094,511 | ~1.9488% | ~$60,307 | -16.7% |
| 2028 | ~$2,824,450 | ~$2,824,450 | ~1.9000% | ~$53,665 | -24.0% |
| 2029 | ~$2,577,958 | ~$2,577,958 | ~1.8512% | ~$47,723 | -30.6% |
| 2030 | ~$2,352,977 | ~$2,352,977 | ~1.8024% | ~$42,409 | -36.7% |
In 2025, this property's market value of $3,714,568 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +162% above 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 | $3,714,568 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,600,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,164,118 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $5,848,300 | $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.