6505 N MO-PAC EXPRESSWAY 3204 TX 78731
| Owner | BLEVCO LP |
|---|---|
| Parcel ID | 0135011315 |
| Short ID | 713763 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,356 SF |
| Land SF | 5,651 SF |
| Acres | 0.130 |
| Year Built | 2005 |
| Legal | UNT 3204 BLD 3 NORTHWEST HILLS MEDICAL CENTER CONDOMINIUMS AMENDED PLUS 3.89 % INT IN COM AREA |
| Neighborhood | 26NW10 |
| Land | $282,555 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $282,555 |
| Improvement | $911,580 |
|---|---|
| Total Improvement | $911,580 |
| Market | $1,194,135 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,194,135 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,194,135 |
| Taxable Value | $1,194,135 |
|---|
Appreciation: Market value has risen +67.8% from $711,661 (2021) to $1,194,135 (2025), a CAGR of 13.8% 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 $24,438. 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 ($282,555 land vs $911,580 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 $1,194,135, 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 +13.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,280,493 by 2030, with an estimated annual tax burden around $36,227. 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 | 2,356 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% | $11,048.14 | $11,048.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,257.47 | $6,257.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,488.10 | $4,488.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,409.35 | $1,409.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,234.74 | $1,234.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,437.80 | $24,437.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,194,135 | $1,194,135 | +0.0% |
| Assessed Value | $1,194,135 | $1,194,135 | +0.0% |
| Land Value | $282,555 | $282,555 | +0.0% |
| Improvement Value | $911,580 | $911,580 | +0.0% |
| Taxable Value | $1,194,135 | $1,194,135 | +0.0% |
| Total Tax 2026 = estimate |
~$24,438
Estimated
|
~$24,438
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,216,104 | $1,194,135 | -21,969 (-1.8%) |
| Taxable Value | $1,216,104 | $1,194,135 | -21,969 (-1.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,194,135 | $282,555 | $911,580 | — | $1,194,135 | $1,194,135 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,194,135 | $282,555 | $911,580 | — | $1,194,135 | $1,194,135 | ~$24,438 | Partial |
| 2024 | $882,500 | — | — | −$599,945 | $282,555 | $— | $20,987 | Verified |
| 2023 | $783,000 | — | — | −$613,467 | $169,533 | $— | $15,967 | Verified |
| 2022 | $756,397 | — | — | −$586,864 | $169,533 | $— | $15,464 | Verified |
| 2021 | $711,661 | — | — | −$542,128 | $169,533 | $— | $16,464 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | +4.8% | +12.8% | ~100% | Not available | Partial |
| 2024 | +29.2% | +20.0% | 92.9% | 1.8400% | Verified |
| 2023 | +12.7% | +12.7% | ~100% | 1.8100% | Verified |
| 2022 | +3.5% | +3.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +57.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +11.6% | +13.8% | +35.3% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 50.0% | — | 100.0% | 2025 | 21.7% | 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 |
$24,438 | $18,664 | ~$31,158 | $24,438 | 2025 | $15,464 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,359,091 | ~$1,313,548 | ~2.0139% | ~$26,454 | +13.8% |
| 2027 | ~$1,546,833 | ~$1,444,903 | ~1.9814% | ~$28,629 | +29.5% |
| 2028 | ~$1,760,511 | ~$1,589,394 | ~1.9488% | ~$30,975 | +47.4% |
| 2029 | ~$2,003,705 | ~$1,748,333 | ~1.9163% | ~$33,503 | +67.8% |
| 2030 | ~$2,280,493 | ~$1,923,166 | ~1.8837% | ~$36,227 | +91.0% |
| 2026 | ~$1,335,208 | ~$1,313,548 | ~2.0465% | ~$26,882 | +11.8% |
| 2027 | ~$1,492,947 | ~$1,444,903 | ~2.0465% | ~$29,570 | +25.0% |
| 2028 | ~$1,669,322 | ~$1,589,394 | ~2.0465% | ~$32,527 | +39.8% |
| 2029 | ~$1,866,533 | ~$1,748,333 | ~2.0465% | ~$35,779 | +56.3% |
| 2030 | ~$2,087,042 | ~$1,923,166 | ~2.0465% | ~$39,357 | +74.8% |
| 2026 | ~$1,382,974 | ~$1,313,548 | ~1.9977% | ~$26,240 | +15.8% |
| 2027 | ~$1,601,675 | ~$1,444,903 | ~1.9488% | ~$28,159 | +34.1% |
| 2028 | ~$1,854,961 | ~$1,589,394 | ~1.9000% | ~$30,199 | +55.3% |
| 2029 | ~$2,148,301 | ~$1,748,333 | ~1.8512% | ~$32,365 | +79.9% |
| 2030 | ~$2,488,030 | ~$1,923,166 | ~1.8024% | ~$34,663 | +108.4% |
In 2025, this property's market value of $1,194,135 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -16% 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 | $1,194,135 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $882,500 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $783,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $756,397 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $711,661 | $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.