6505 N MO-PAC EXPRESSWAY 2206 TX 78731
| Owner | GRANTS EYES OF TEXAS LLC |
|---|---|
| Parcel ID | 0135011311 |
| Short ID | 713759 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 3,838 SF |
| Land SF | 9,196 SF |
| Acres | 0.211 |
| Year Built | 2005 |
| Legal | UNT 2206 BLD 2 NORTHWEST HILLS MEDICAL CENTER CONDOMINIUMS AMENDED PLUS 6.33 % INT IN COM AREA |
| Neighborhood | 26NW10 |
| Land | $459,788 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $459,788 |
| Improvement | $1,428,403 |
|---|---|
| Total Improvement | $1,428,403 |
| Market | $1,888,191 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,888,191 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,888,191 |
| Taxable Value | $1,888,191 |
|---|
Appreciation: Market value has risen +64.2% from $1,150,000 (2021) to $1,888,191 (2025), a CAGR of 13.2% 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 $38,642. 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 24% of market value ($459,788 land vs $1,428,403 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 $1,888,191, this parcel sits in the upper-middle (50th–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 +13.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,509,385 by 2030, with an estimated annual tax burden around $57,284. 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 | 3,838 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% | $17,469.54 | $17,469.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,894.44 | $9,894.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,096.67 | $7,096.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,228.50 | $2,228.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,952.39 | $1,952.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $38,641.54 | $38,641.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,500,000 | $1,888,191 | -20.6% |
| Assessed Value | $1,500,000 | $1,888,191 | -20.6% |
| Land Value | $459,788 | $459,788 | +0.0% |
| Improvement Value | $1,040,212 | $1,428,403 | -27.2% |
| Taxable Value | $1,500,000 | $1,888,191 | -20.6% |
| Total Tax 2026 = estimate |
~$30,697
Estimated
|
~$38,642
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,922,638 | $1,500,000 | -422,638 (-22.0%) |
| Taxable Value | $1,922,638 | $1,500,000 | -422,638 (-22.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,500,000 | $459,788 | $1,040,212 | — | $1,500,000 | $1,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,888,191 | $459,788 | $1,428,403 | — | $1,888,191 | $1,888,191 | ~$38,642 | Partial |
| 2024 | $1,382,634 | — | — | −$922,846 | $459,788 | $— | $32,881 | Verified |
| 2023 | $1,223,458 | — | — | −$947,585 | $275,873 | $— | $25,015 | Verified |
| 2022 | $1,193,618 | — | — | −$917,745 | $275,873 | $— | $24,162 | Verified |
| 2021 | $1,150,000 | — | — | −$874,127 | $275,873 | $— | $25,981 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | +3.4% | +13.8% | ~100% | Not available | Partial |
| 2024 | +32.1% | +20.0% | 90.8% | 1.8000% | Verified |
| 2023 | +13.0% | +13.0% | ~100% | 1.8100% | Verified |
| 2022 | +2.5% | +2.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.6% | +7.1% | +19.1% | +36.6% | 2025 | -20.6% | 2026 |
| Assessment Ratio | 100.0% | 50.5% | — | 100.0% | 2025 | 22.5% | 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 |
$38,642 | $29,336 | ~$49,267 | $38,642 | 2025 | $24,162 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,137,386 | ~$2,077,010 | ~2.0139% | ~$41,830 | +13.2% |
| 2027 | ~$2,419,468 | ~$2,284,711 | ~1.9814% | ~$45,269 | +28.1% |
| 2028 | ~$2,738,779 | ~$2,513,182 | ~1.9488% | ~$48,978 | +45.0% |
| 2029 | ~$3,100,231 | ~$2,764,500 | ~1.9163% | ~$52,976 | +64.2% |
| 2030 | ~$3,509,385 | ~$3,040,950 | ~1.8837% | ~$57,284 | +85.9% |
| 2026 | ~$2,099,622 | ~$2,077,010 | ~2.0465% | ~$42,506 | +11.2% |
| 2027 | ~$2,334,728 | ~$2,284,711 | ~2.0465% | ~$46,756 | +23.6% |
| 2028 | ~$2,596,161 | ~$2,513,182 | ~2.0465% | ~$51,432 | +37.5% |
| 2029 | ~$2,886,867 | ~$2,764,500 | ~2.0465% | ~$56,575 | +52.9% |
| 2030 | ~$3,210,125 | ~$3,040,950 | ~2.0465% | ~$62,233 | +70.0% |
| 2026 | ~$2,175,150 | ~$2,077,010 | ~1.9977% | ~$41,492 | +15.2% |
| 2027 | ~$2,505,719 | ~$2,284,711 | ~1.9488% | ~$44,525 | +32.7% |
| 2028 | ~$2,886,527 | ~$2,513,182 | ~1.9000% | ~$47,751 | +52.9% |
| 2029 | ~$3,325,208 | ~$2,764,500 | ~1.8512% | ~$51,176 | +76.1% |
| 2030 | ~$3,830,559 | ~$3,040,950 | ~1.8024% | ~$54,809 | +102.9% |
In 2025, this property's market value of $1,888,191 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +33% 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 | $1,888,191 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,382,634 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,223,458 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,193,618 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,150,000 | $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.