5508 PARKCREST DR TX 78731
| Owner | F&B 5508 PARKCREST LLC |
|---|---|
| Parcel ID | 0132030210 |
| Short ID | 127933 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 40,936 SF |
| Land SF | 69,260 SF |
| Acres | 1.590 |
| Year Built | 1985 |
| Legal | LOT 2 PARKCREST CENTER NO 2 |
| Neighborhood | 51NWE |
| Land | $2,077,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,077,800 |
| Improvement | $2,933,423 |
|---|---|
| Total Improvement | $2,933,423 |
| Market | $5,011,223 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,011,223 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,011,223 |
| Taxable Value | $5,011,223 |
|---|
Appreciation: Market value has fallen -41.0% from $8,489,700 (2021) to $5,011,223 (2025), a CAGR of -12.3% 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 $102,554. 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 41% of market value ($2,077,800 land vs $2,933,423 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,011,223, 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 -12.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,592,734 by 2030, with an estimated annual tax burden around $48,840. 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 | 13,832 SF | ✓ |
| 487 | PARKING UNDER | 13,832 SF | ✓ |
| 2ND | 2nd Floor | 13,552 SF | ✓ |
| 3RD | 3rd Floor | 13,552 SF | ✓ |
| 501 | CANOPY | 417 SF | ✗ |
| 611 | TERRACE | 85 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% | $46,363.84 | $46,363.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,259.66 | $26,259.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,834.43 | $18,834.43 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,914.40 | $5,914.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,181.60 | $5,181.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $102,553.93 | $102,553.93 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,999,333 | $5,011,223 | -0.2% |
| Assessed Value | $4,999,333 | $5,011,223 | -0.2% |
| Land Value | $2,077,800 | $2,077,800 | +0.0% |
| Improvement Value | $2,921,533 | $2,933,423 | -0.4% |
| Taxable Value | $4,999,333 | $5,011,223 | -0.2% |
| Total Tax 2026 = estimate |
~$102,311
Estimated
|
~$102,554
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,788,668 | $4,999,333 | -789,335 (-13.6%) |
| Taxable Value | $5,788,668 | $4,999,333 | -789,335 (-13.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,999,333 | $2,077,800 | $2,921,533 | — | $4,999,333 | $4,999,333 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,011,223 | $2,077,800 | $2,933,423 | — | $5,011,223 | $5,011,223 | ~$102,554 | Partial |
| 2024 | $6,198,909 | — | — | −$4,121,109 | $2,077,800 | $— | $112,611 | Verified |
| 2023 | $8,620,166 | — | — | −$6,542,366 | $2,077,800 | $— | $112,154 | Verified |
| 2022 | $8,530,200 | — | — | −$6,106,100 | $2,424,100 | $— | $170,242 | Verified |
| 2021 | $8,489,700 | — | — | −$6,065,600 | $2,424,100 | $— | $185,675 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.5% | +15.5% | ~100% | Not available | Partial |
| 2025 | -11.8% | -11.8% | ~100% | Not available | Partial |
| 2024 | -8.3% | -8.3% | ~100% | 1.9800% | Verified |
| 2023 | -28.1% | -28.1% | ~100% | 1.8100% | Verified |
| 2022 | +1.1% | +1.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -41.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | -9.2% | -12.3% | +1.1% | 2023 | -28.1% | 2024 |
| Assessment Ratio | 100.0% | 52.4% | — | 100.0% | 2025 | 24.1% | 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 |
$102,554 | $136,647 | ~$67,207 | $185,675 | 2021 | $102,554 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,392,447 | ~$4,392,447 | ~2.0139% | ~$88,461 | -12.3% |
| 2027 | ~$3,850,077 | ~$3,850,077 | ~1.9814% | ~$76,285 | -23.2% |
| 2028 | ~$3,374,677 | ~$3,374,677 | ~1.9488% | ~$65,767 | -32.7% |
| 2029 | ~$2,957,979 | ~$2,957,979 | ~1.9163% | ~$56,683 | -41.0% |
| 2030 | ~$2,592,734 | ~$2,592,734 | ~1.8837% | ~$48,840 | -48.3% |
| 2026 | ~$4,760,662 | ~$4,760,662 | ~2.0465% | ~$97,426 | -5.0% |
| 2027 | ~$4,522,629 | ~$4,522,629 | ~2.0465% | ~$92,555 | -9.7% |
| 2028 | ~$4,296,497 | ~$4,296,497 | ~2.0465% | ~$87,927 | -14.3% |
| 2029 | ~$4,081,672 | ~$4,081,672 | ~2.0465% | ~$83,531 | -18.5% |
| 2030 | ~$3,877,589 | ~$3,877,589 | ~2.0465% | ~$79,354 | -22.6% |
| 2026 | ~$4,492,672 | ~$4,492,672 | ~1.9977% | ~$89,748 | -10.3% |
| 2027 | ~$4,027,779 | ~$4,027,779 | ~1.9488% | ~$78,495 | -19.6% |
| 2028 | ~$3,610,993 | ~$3,610,993 | ~1.9000% | ~$68,609 | -27.9% |
| 2029 | ~$3,237,335 | ~$3,237,335 | ~1.8512% | ~$59,929 | -35.4% |
| 2030 | ~$2,902,342 | ~$2,902,342 | ~1.8024% | ~$52,311 | -42.1% |
In 2025, this property's market value of $5,011,223 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 | $5,011,223 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,198,909 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,620,166 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,530,200 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,489,700 | $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.