6505 N MO-PAC EXPRESSWAY 1204 TX 78731
| Owner | VSH REAL ESTATE PARTNERSHIP 1 LLP |
|---|---|
| Parcel ID | 0135011305 |
| Short ID | 713753 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,086 SF |
| Land SF | 4,968 SF |
| Acres | 0.114 |
| Year Built | 2005 |
| Legal | UNT 1204 BLD 1 NORTHWEST HILLS MEDICAL CENTER CONDOMINIUMS AMENDED PLUS 3.42 % INT IN COM AREA |
| Neighborhood | 26NW10 |
| Land | $248,416 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $248,416 |
| Improvement | $830,162 |
|---|---|
| Total Improvement | $830,162 |
| Market | $1,078,578 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,078,578 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,078,578 |
| Taxable Value | $1,078,578 |
|---|
Appreciation: Market value has risen +63.7% from $658,783 (2021) to $1,078,578 (2025), a CAGR of 13.1% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $22,073. 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 23% of market value ($248,416 land vs $830,162 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,078,578, 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 +13.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,997,506 by 2030, with an estimated annual tax burden around $32,722. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,086 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% | $9,979.00 | $9,979.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,651.93 | $5,651.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,053.78 | $4,053.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,272.97 | $1,272.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,115.25 | $1,115.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,072.93 | $22,072.93 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $875,000 | $1,078,578 | -18.9% |
| Assessed Value | $875,000 | $1,078,578 | -18.9% |
| Land Value | $248,416 | $248,416 | +0.0% |
| Improvement Value | $626,584 | $830,162 | -24.5% |
| Taxable Value | $875,000 | $1,078,578 | -18.9% |
| Total Tax 2026 = estimate |
~$17,907
Estimated
|
~$22,073
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,098,601 | $875,000 | -223,601 (-20.4%) |
| Taxable Value | $1,098,601 | $875,000 | -223,601 (-20.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $875,000 | $248,416 | $626,584 | — | $875,000 | $875,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,078,578 | $248,416 | $830,162 | — | $1,078,578 | $1,078,578 | ~$22,073 | Partial |
| 2024 | $792,285 | — | — | −$543,869 | $248,416 | $— | $18,842 | Verified |
| 2023 | $690,622 | — | — | −$541,572 | $149,050 | $— | $14,334 | Verified |
| 2022 | $673,778 | — | — | −$524,728 | $149,050 | $— | $13,639 | Verified |
| 2021 | $658,783 | — | — | −$509,733 | $149,050 | $— | $14,666 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.9% | +1.9% | ~100% | Not available | Partial |
| 2025 | +3.3% | +13.4% | ~100% | Not available | Partial |
| 2024 | +31.8% | +20.0% | 91.1% | 1.8000% | Verified |
| 2023 | +14.7% | +14.7% | ~100% | 1.8100% | Verified |
| 2022 | +2.5% | +2.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.9% | +7.3% | +18.4% | +36.1% | 2025 | -18.9% | 2026 |
| Assessment Ratio | 100.0% | 49.6% | — | 100.0% | 2025 | 21.6% | 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 |
$22,073 | $16,711 | ~$28,143 | $22,073 | 2025 | $13,639 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,220,053 | ~$1,186,436 | ~2.0139% | ~$23,894 | +13.1% |
| 2027 | ~$1,380,086 | ~$1,305,079 | ~1.9814% | ~$25,859 | +28.0% |
| 2028 | ~$1,561,110 | ~$1,435,587 | ~1.9488% | ~$27,977 | +44.7% |
| 2029 | ~$1,765,878 | ~$1,579,146 | ~1.9163% | ~$30,261 | +63.7% |
| 2030 | ~$1,997,506 | ~$1,737,061 | ~1.8837% | ~$32,722 | +85.2% |
| 2026 | ~$1,198,482 | ~$1,186,436 | ~2.0465% | ~$24,280 | +11.1% |
| 2027 | ~$1,331,715 | ~$1,305,079 | ~2.0465% | ~$26,708 | +23.5% |
| 2028 | ~$1,479,760 | ~$1,435,587 | ~2.0465% | ~$29,379 | +37.2% |
| 2029 | ~$1,644,263 | ~$1,579,146 | ~2.0465% | ~$32,317 | +52.4% |
| 2030 | ~$1,827,053 | ~$1,737,061 | ~2.0465% | ~$35,549 | +69.4% |
| 2026 | ~$1,241,625 | ~$1,186,436 | ~1.9977% | ~$23,701 | +15.1% |
| 2027 | ~$1,429,320 | ~$1,305,079 | ~1.9488% | ~$25,434 | +32.5% |
| 2028 | ~$1,645,388 | ~$1,435,587 | ~1.9000% | ~$27,276 | +52.6% |
| 2029 | ~$1,894,118 | ~$1,579,146 | ~1.8512% | ~$29,233 | +75.6% |
| 2030 | ~$2,180,449 | ~$1,737,061 | ~1.8024% | ~$31,308 | +102.2% |
In 2025, this property's market value of $1,078,578 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -24% 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 | $1,078,578 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $792,285 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $690,622 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $673,778 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $658,783 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.