3508 FAR WEST BLVD TX 78731
| Owner | DUPONT FAR WEST BOULEVARD |
|---|---|
| Parcel ID | 0138000115 |
| Short ID | 135731 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 49,636 SF |
| Land SF | 136,168 SF |
| Acres | 3.126 |
| Year Built | 1984 |
| Legal | LOT 1-A NORTHWEST HILLS FAR WEST SEC 1-A |
| Neighborhood | 51NWE |
| Land | $4,765,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,765,880 |
| Improvement | $936,819 |
|---|---|
| Total Improvement | $936,819 |
| Market | $5,702,699 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,702,699 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,702,699 |
| Taxable Value | $5,702,699 |
|---|
Appreciation: Market value has fallen -43.0% from $10,005,076 (2021) to $5,702,699 (2025), a CAGR of -13.1% 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 $116,705. 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 84% of market value ($4,765,880 land vs $936,819 improvements), about $35/SF of land. With value concentrated in the land under a ~42-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $5,702,699, 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 -13.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,824,265 by 2030, with an estimated annual tax burden around $53,202. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 70,530 SF | ✗ |
| 2ND | 2nd Floor | 16,692 SF | ✓ |
| 3RD | 3rd Floor | 16,692 SF | ✓ |
| 1ST | 1st Floor | 16,252 SF | ✓ |
| 501 | CANOPY | 440 SF | ✗ |
| 482 | LIGHT POLES | 4 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% | $52,761.37 | $52,761.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $29,883.11 | $29,883.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $21,433.31 | $21,433.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,730.50 | $6,730.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,896.59 | $5,896.59 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $116,704.88 | $116,704.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,644,925 | $5,702,699 | -1.0% |
| Assessed Value | $5,644,925 | $5,702,699 | -1.0% |
| Land Value | $4,765,880 | $4,765,880 | +0.0% |
| Improvement Value | $879,045 | $936,819 | -6.2% |
| Taxable Value | $5,644,925 | $5,702,699 | -1.0% |
| Total Tax 2026 = estimate |
~$115,523
Estimated
|
~$116,705
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,644,925 | $5,644,925 | +0 (+0.0%) |
| Taxable Value | $5,644,925 | $5,644,925 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,644,925 | $4,765,880 | $879,045 | — | $5,644,925 | $5,644,925 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,702,699 | $4,765,880 | $936,819 | — | $5,702,699 | $5,702,699 | ~$116,705 | Partial |
| 2024 | $9,033,107 | — | — | −$4,267,227 | $4,765,880 | $— | $147,947 | Verified |
| 2023 | $9,499,510 | — | — | −$6,776,150 | $2,723,360 | $— | $154,312 | Verified |
| 2022 | $10,113,613 | — | — | −$7,390,253 | $2,723,360 | $— | $187,608 | Verified |
| 2021 | $10,005,076 | — | — | −$7,962,556 | $2,042,520 | $— | $220,141 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.0% | -1.0% | ~100% | Not available | Partial |
| 2025 | -23.6% | -23.6% | ~100% | Not available | Partial |
| 2024 | -17.4% | -17.4% | ~100% | 1.9800% | Verified |
| 2023 | -4.9% | -4.9% | ~100% | 1.7100% | Verified |
| 2022 | -6.1% | -6.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -43.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.0% | -9.6% | -12.9% | +1.1% | 2022 | -36.9% | 2025 |
| Assessment Ratio | 100.0% | 54.8% | — | 100.0% | 2025 | 20.4% | 2021 |
| 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 |
$116,705 | $165,342 | ~$74,698 | $220,141 | 2021 | $116,705 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,955,021 | ~$4,955,021 | ~2.0139% | ~$99,791 | -13.1% |
| 2027 | ~$4,305,370 | ~$4,305,370 | ~1.9814% | ~$85,306 | -24.5% |
| 2028 | ~$3,740,895 | ~$3,740,895 | ~1.9488% | ~$72,904 | -34.4% |
| 2029 | ~$3,250,428 | ~$3,250,428 | ~1.9163% | ~$62,288 | -43.0% |
| 2030 | ~$2,824,265 | ~$2,824,265 | ~1.8837% | ~$53,202 | -50.5% |
| 2026 | ~$5,417,564 | ~$5,417,564 | ~2.0465% | ~$110,870 | -5.0% |
| 2027 | ~$5,146,686 | ~$5,146,686 | ~2.0465% | ~$105,326 | -9.7% |
| 2028 | ~$4,889,352 | ~$4,889,352 | ~2.0465% | ~$100,060 | -14.3% |
| 2029 | ~$4,644,884 | ~$4,644,884 | ~2.0465% | ~$95,057 | -18.5% |
| 2030 | ~$4,412,640 | ~$4,412,640 | ~2.0465% | ~$90,304 | -22.6% |
| 2026 | ~$5,069,075 | ~$5,069,075 | ~1.9977% | ~$101,263 | -11.1% |
| 2027 | ~$4,505,852 | ~$4,505,852 | ~1.9488% | ~$87,812 | -21.0% |
| 2028 | ~$4,005,209 | ~$4,005,209 | ~1.9000% | ~$76,100 | -29.8% |
| 2029 | ~$3,560,192 | ~$3,560,192 | ~1.8512% | ~$65,906 | -37.6% |
| 2030 | ~$3,164,620 | ~$3,164,620 | ~1.8024% | ~$57,038 | -44.5% |
In 2025, this property's market value of $5,702,699 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 | $5,702,699 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,033,107 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,499,510 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $10,113,613 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,005,076 | $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.