6801 RIVER PLACE BLVD TX 78730
| Owner | KARLIN RIVER PLACE LLC |
|---|---|
| Parcel ID | 0151370601 |
| Short ID | 153179 |
| Type | Real |
| Use Code | 55 Medical Office (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 810,983 SF |
| Land SF | 4,670,140 SF |
| Acres | 107.212 |
| Year Built | 1987 |
| Legal | 107.2117 AC OF LOT 2&4 AUSTIN CENTER/3M |
| Neighborhood | 29MFG |
| Land | $16,740,560 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,740,560 |
| Improvement | $93,573,437 |
|---|---|
| Total Improvement | $93,573,437 |
| Market | $110,313,997 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $110,313,997 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $110,313,997 |
| Taxable Value | $110,313,997 |
|---|
Appreciation: Market value has risen +26.1% from $87,493,344 (2021) to $110,313,997 (2025), a CAGR of 6.0% over 4 years. This represents moderate, steady growth. 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 2.2082% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $2,435,937. Leander ISD is the largest single contributor, at 49.2% 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 15% of market value ($16,740,560 land vs $93,573,437 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~39 yrs), and rent roll drive the underwriting.
Submarket Position: At $110,313,997, 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 +6.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $147,383,928 by 2030, with an estimated annual tax burden around $2,805,368. 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.
20 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 1,668,288 SF | ✗ |
| SO | Sketch Only | 305,822 SF | ✗ |
| 2ND | 2nd Floor | 288,984 SF | ✓ |
| 187 | PARKING GARAGE | 271,884 SF | ✓ |
| 551 | PAVED AREA | 226,750 SF | ✗ |
| 3RD | 3rd Floor | 213,149 SF | ✓ |
| 5TH | 5th Floor | 212,537 SF | ✓ |
| 4TH | 4th Floor | 211,937 SF | ✓ |
| FBSMT | Finished Basement | 174,031 SF | ✓ |
| 438 | STREETS PRIVATE | 162,000 SF | ✗ |
| ADDL | Additional Floor | 160,949 SF | ✓ |
| 1ST | 1st Floor | 134,819 SF | ✓ |
| 328 | MEZZ COMM (STG) | 9,065 SF | ✓ |
| 881 | COMMCL FINISHOUT | 6,855 SF | ✓ |
| 501 | CANOPY | 3,004 SF | ✗ |
| 482 | LIGHT POLES | 7 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
| 335FV | PENTHOUSE FV | 1 SF | ✓ |
| 476 | ELEVATOR FREIGHT | 1 SF | ✓ |
| 509 | CANOPY FV | 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $1,054,293.00 | $1,054,293.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $508,296.49 | $508,296.49 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $364,569.65 | $364,569.65 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $114,482.31 | $114,482.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $100,298.00 | $100,298.00 | Paid |
| Combined Rate | 2.4520% | 2.2529% | 2.0584% | 2.1182% | 2.2082% | +0.0900% | $2,141,939.45 | $2,141,939.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $129,283,779 | $110,313,997 | +17.2% |
| Assessed Value | $129,283,779 | $110,313,997 | +17.2% |
| Land Value | $16,740,560 | $16,740,560 | +0.0% |
| Improvement Value | $112,543,219 | $93,573,437 | +20.3% |
| Taxable Value | $129,283,779 | $110,313,997 | +17.2% |
| Total Tax 2026 = estimate |
~$2,854,825
Estimated
|
~$2,141,939
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $129,283,779 | $129,283,779 | +0 (+0.0%) |
| Taxable Value | $129,283,779 | $129,283,779 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $129,283,779 | $16,740,560 | $112,543,219 | — | $129,283,779 | $129,283,779 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $110,313,997 | $16,740,560 | $93,573,437 | — | $110,313,997 | $110,313,997 | ~$2,141,939 | Partial |
| 2024 | $85,000,000 | — | — | — | — | $— | $2,166,899 | Verified |
| 2023 | $89,000,000 | — | — | — | — | $— | $1,930,453 | Verified |
| 2022 | $89,000,000 | — | — | — | — | $— | $2,005,101 | Verified |
| 2021 | $87,493,344 | — | — | −$72,845,354 | $14,647,990 | $— | $2,182,261 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.2% | +17.2% | ~100% | Not available | Partial |
| 2025 | +1.0% | +1.0% | ~100% | Not available | Partial |
| 2024 | +7.8% | +7.8% | ~100% | 1.9800% | Verified |
| 2023 | +13.8% | +13.8% | ~100% | 1.9100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.2500% | Verified |
| 2021 | base year | — | ~100% | 2.4900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +17.2% | +8.8% | +2.9% | +29.8% | 2025 | -4.5% | 2024 |
| Assessment Ratio | 100.0% | 72.2% | — | 100.0% | 2025 | 16.7% | 2021 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,141,939 | $2,085,331 | ~$2,658,044 | $2,182,261 | 2021 | $1,930,453 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$116,894,620 | ~$116,894,620 | ~2.1472% | ~$2,510,004 | +6.0% |
| 2027 | ~$123,867,800 | ~$123,867,800 | ~2.0863% | ~$2,584,239 | +12.3% |
| 2028 | ~$131,256,955 | ~$131,256,955 | ~2.0253% | ~$2,658,399 | +19.0% |
| 2029 | ~$139,086,899 | ~$139,086,899 | ~1.9644% | ~$2,732,211 | +26.1% |
| 2030 | ~$147,383,928 | ~$147,383,928 | ~1.9034% | ~$2,805,368 | +33.6% |
| 2026 | ~$114,688,340 | ~$114,688,340 | ~2.2082% | ~$2,532,531 | +4.0% |
| 2027 | ~$119,236,141 | ~$119,236,141 | ~2.2082% | ~$2,632,955 | +8.1% |
| 2028 | ~$123,964,278 | ~$123,964,278 | ~2.2082% | ~$2,737,361 | +12.4% |
| 2029 | ~$128,879,903 | ~$128,879,903 | ~2.2082% | ~$2,845,907 | +16.8% |
| 2030 | ~$133,990,450 | ~$133,990,450 | ~2.2082% | ~$2,958,757 | +21.5% |
| 2026 | ~$119,100,900 | ~$119,100,900 | ~2.1168% | ~$2,521,083 | +8.0% |
| 2027 | ~$128,587,710 | ~$128,587,710 | ~2.0253% | ~$2,604,338 | +16.6% |
| 2028 | ~$138,830,179 | ~$138,830,179 | ~1.9339% | ~$2,684,860 | +25.9% |
| 2029 | ~$149,888,497 | ~$149,888,497 | ~1.8425% | ~$2,761,687 | +35.9% |
| 2030 | ~$161,827,649 | ~$161,827,649 | ~1.7511% | ~$2,833,717 | +46.7% |
In 2025, this property's market value of $110,313,997 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 78× 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 | $110,313,997 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $85,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $89,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $89,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $87,493,344 | $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.