5918 WEST COURTYARD DR TX 78730
| Owner | SREP BPPAUSTX LLC |
|---|---|
| Parcel ID | 0137130201 |
| Short ID | 134340 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 128,178 SF |
| Land SF | 382,409 SF |
| Acres | 8.779 |
| Year Built | 1985 |
| Legal | LOT 1 HIDDEN VALLEY PHS A |
| Neighborhood | 51NWE |
| Land | $9,560,225 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,560,225 |
| Improvement | $23,902,473 |
|---|---|
| Total Improvement | $23,902,473 |
| Market | $33,462,698 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $33,462,698 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $33,462,698 |
| Taxable Value | $33,462,698 |
|---|
Appreciation: Market value has fallen -39.7% from $55,517,000 (2021) to $33,462,698 (2025), a CAGR of -11.9% over 4 years. Growth has been relatively flat for this asset class. 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 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 $684,809. 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 29% of market value ($9,560,225 land vs $23,902,473 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $33,462,698, 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 -11.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,771,728 by 2030, with an estimated annual tax burden around $334,774. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 209,832 SF | ✓ |
| 491 | SPRINKLER HEADS | 178,606 SF | ✗ |
| 1ST | 1st Floor | 43,779 SF | ✓ |
| 2ND | 2nd Floor | 42,507 SF | ✓ |
| 3RD | 3rd Floor | 41,892 SF | ✓ |
| 4TH | 4th Floor | 34,308 SF | ✓ |
| 5TH | 5th Floor | 16,120 SF | ✓ |
| 551 | PAVED AREA | 15,000 SF | ✗ |
| 501 | CANOPY | 2,432 SF | ✗ |
| SO | Sketch Only | 976 SF | ✗ |
| 335 | PENTHOUSE | 400 SF | ✓ |
| 482 | LIGHT POLES | 8 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $309,596.88 | $309,596.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $175,350.23 | $175,350.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $125,767.88 | $125,767.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $39,493.68 | $39,493.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $34,600.43 | $34,600.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $684,809.10 | $684,809.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $34,713,688 | $33,462,698 | +3.7% |
| Assessed Value | $34,713,688 | $33,462,698 | +3.7% |
| Land Value | $9,560,225 | $9,560,225 | +0.0% |
| Improvement Value | $25,153,463 | $23,902,473 | +5.2% |
| Taxable Value | $34,713,688 | $33,462,698 | +3.7% |
| Total Tax 2026 = estimate |
~$710,410
Estimated
|
~$684,809
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $34,713,688 | $34,713,688 | +0 (+0.0%) |
| Taxable Value | $34,713,688 | $34,713,688 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $34,713,688 | $9,560,225 | $25,153,463 | — | $34,713,688 | $34,713,688 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $33,462,698 | $9,560,225 | $23,902,473 | — | $33,462,698 | $33,462,698 | ~$684,809 | Partial |
| 2024 | $48,900,000 | — | — | −$39,339,775 | $9,560,225 | $— | $836,326 | Verified |
| 2023 | $56,794,500 | — | — | −$47,234,275 | $9,560,225 | $— | $887,440 | Verified |
| 2022 | $— | — | — | — | $9,560,225 | $— | $1,029,816 | Verified |
| 2021 | $55,517,000 | — | — | −$45,956,775 | $9,560,225 | $— | $1,166,492 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2025 | -20.7% | -20.7% | ~100% | Not available | Partial |
| 2024 | -18.3% | -18.3% | ~100% | 1.9800% | Verified |
| 2023 | -9.0% | -9.0% | ~100% | 1.7200% | Verified |
| 2022 | +2.6% | +2.6% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -39.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.7% | -9.9% | -12.5% | +3.7% | 2026 | -31.6% | 2025 |
| Assessment Ratio | 100.0% | 50.7% | — | 100.0% | 2025 | 16.8% | 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 |
$684,809 | $893,767 | ~$455,188 | $1,166,492 | 2021 | $684,809 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$29,484,563 | ~$29,484,563 | ~2.0139% | ~$593,800 | -11.9% |
| 2027 | ~$25,979,359 | ~$25,979,359 | ~1.9814% | ~$514,752 | -22.4% |
| 2028 | ~$22,890,864 | ~$22,890,864 | ~1.9488% | ~$446,106 | -31.6% |
| 2029 | ~$20,169,536 | ~$20,169,536 | ~1.9163% | ~$386,507 | -39.7% |
| 2030 | ~$17,771,728 | ~$17,771,728 | ~1.8837% | ~$334,774 | -46.9% |
| 2026 | ~$31,789,563 | ~$31,789,563 | ~2.0465% | ~$650,569 | -5.0% |
| 2027 | ~$30,200,085 | ~$30,200,085 | ~2.0465% | ~$618,040 | -9.7% |
| 2028 | ~$28,690,081 | ~$28,690,081 | ~2.0465% | ~$587,138 | -14.3% |
| 2029 | ~$27,255,577 | ~$27,255,577 | ~2.0465% | ~$557,781 | -18.5% |
| 2030 | ~$25,892,798 | ~$25,892,798 | ~2.0465% | ~$529,892 | -22.6% |
| 2026 | ~$30,153,817 | ~$30,153,817 | ~1.9977% | ~$602,371 | -9.9% |
| 2027 | ~$27,172,127 | ~$27,172,127 | ~1.9488% | ~$529,541 | -18.8% |
| 2028 | ~$24,485,274 | ~$24,485,274 | ~1.9000% | ~$465,224 | -26.8% |
| 2029 | ~$22,064,105 | ~$22,064,105 | ~1.8512% | ~$408,449 | -34.1% |
| 2030 | ~$19,882,347 | ~$19,882,347 | ~1.8024% | ~$358,354 | -40.6% |
In 2025, this property's market value of $33,462,698 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 24× 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 | $33,462,698 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $48,900,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $56,794,500 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $55,517,000 | $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.