7000 N MO-PAC EXPRESSWAY TX 78731
| Owner | PLAZA 7000 LTD |
|---|---|
| Parcel ID | 0138000119 |
| Short ID | 456153 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 121,023 SF |
| Land SF | 219,673 SF |
| Acres | 5.043 |
| Year Built | 1998 |
| Legal | LOT 1-B GREYSTONE CENTER III-A AMENDED PLAT OF LOT 1 & LOT 1 NORTHWEST HILLS FAR WEST SEC |
| Neighborhood | 51NWE |
| Land | $10,983,650 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,983,650 |
| Improvement | $18,461,732 |
|---|---|
| Total Improvement | $18,461,732 |
| Market | $29,445,382 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $29,445,382 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $29,445,382 |
| Taxable Value | $29,445,382 |
|---|
Appreciation: Market value has fallen -51.8% from $61,139,000 (2021) to $29,445,382 (2025), a CAGR of -16.7% 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 $602,595. 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 37% of market value ($10,983,650 land vs $18,461,732 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $29,445,382, 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 -16.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,813,831 by 2030, with an estimated annual tax burden around $222,542. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 263,514 SF | ✓ |
| 551 | PAVED AREA | 175,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 161,364 SF | ✗ |
| 1ST | 1st Floor | 40,341 SF | ✓ |
| 2ND | 2nd Floor | 40,341 SF | ✓ |
| 3RD | 3rd Floor | 40,341 SF | ✓ |
| 4TH | 4th Floor | 40,341 SF | ✓ |
| 501 | CANOPY | 4,501 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% | $259,056.00 | $259,056.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $146,724.76 | $146,724.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $105,236.60 | $105,236.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $33,046.44 | $33,046.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $28,952.00 | $28,952.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $573,015.80 | $573,015.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $27,241,143 | $29,445,382 | -7.5% |
| Assessed Value | $27,241,143 | $29,445,382 | -7.5% |
| Land Value | $10,983,650 | $10,983,650 | +0.0% |
| Improvement Value | $16,257,493 | $18,461,732 | -11.9% |
| Taxable Value | $27,241,143 | $29,445,382 | -7.5% |
| Total Tax 2026 = estimate |
~$557,486
Estimated
|
~$573,016
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $42,602,655 | $27,241,143 | -15,361,512 (-36.1%) |
| Taxable Value | $42,602,655 | $27,241,143 | -15,361,512 (-36.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $27,241,143 | $10,983,650 | $16,257,493 | — | $27,241,143 | $27,241,143 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $29,445,382 | $10,983,650 | $18,461,732 | — | $29,445,382 | $29,445,382 | ~$573,016 | Partial |
| 2024 | $51,019,769 | — | — | −$40,036,119 | $10,983,650 | $— | $809,018 | Verified |
| 2023 | $59,300,000 | — | — | −$52,709,810 | $6,590,190 | $— | $923,074 | Verified |
| 2022 | $56,250,000 | — | — | −$50,758,175 | $5,491,825 | $— | $1,173,110 | Verified |
| 2021 | $61,139,000 | — | — | −$56,745,540 | $4,393,460 | $— | $1,225,595 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +44.7% | +44.7% | ~100% | Not available | Partial |
| 2025 | -27.9% | -27.9% | ~100% | Not available | Partial |
| 2024 | -20.0% | -20.0% | ~100% | 1.9800% | Verified |
| 2023 | -16.8% | -16.8% | ~100% | 1.8100% | Verified |
| 2022 | +6.8% | +6.8% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -48.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.5% | -13.3% | -15.3% | +5.4% | 2023 | -42.3% | 2025 |
| Assessment Ratio | 100.0% | 41.6% | — | 100.0% | 2025 | 7.2% | 2021 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$573,016 | $940,763 | ~$344,991 | $1,225,595 | 2021 | $573,016 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$24,529,681 | ~$24,529,681 | ~2.0139% | ~$494,012 | -16.7% |
| 2027 | ~$20,434,623 | ~$20,434,623 | ~1.9814% | ~$404,889 | -30.6% |
| 2028 | ~$17,023,205 | ~$17,023,205 | ~1.9488% | ~$331,755 | -42.2% |
| 2029 | ~$14,181,300 | ~$14,181,300 | ~1.9163% | ~$271,755 | -51.8% |
| 2030 | ~$11,813,831 | ~$11,813,831 | ~1.8837% | ~$222,542 | -59.9% |
| 2026 | ~$27,973,113 | ~$27,973,113 | ~2.0465% | ~$572,466 | -5.0% |
| 2027 | ~$26,574,457 | ~$26,574,457 | ~2.0465% | ~$543,842 | -9.8% |
| 2028 | ~$25,245,734 | ~$25,245,734 | ~2.0465% | ~$516,650 | -14.3% |
| 2029 | ~$23,983,448 | ~$23,983,448 | ~2.0465% | ~$490,818 | -18.5% |
| 2030 | ~$22,784,275 | ~$22,784,275 | ~2.0465% | ~$466,277 | -22.6% |
| 2026 | ~$25,118,589 | ~$25,118,589 | ~1.9977% | ~$501,785 | -14.7% |
| 2027 | ~$21,427,588 | ~$21,427,588 | ~1.9488% | ~$417,589 | -27.2% |
| 2028 | ~$18,278,954 | ~$18,278,954 | ~1.9000% | ~$347,303 | -37.9% |
| 2029 | ~$15,592,990 | ~$15,592,990 | ~1.8512% | ~$288,656 | -47.0% |
| 2030 | ~$13,301,709 | ~$13,301,709 | ~1.8024% | ~$239,746 | -54.8% |
In 2025, this property's market value of $29,445,382 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 21× 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 | $29,445,382 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $51,019,769 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $59,300,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $56,250,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $61,139,000 | $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.