12515-5 RESEARCH BLVD TX 78759
| Owner | UNITED HERITAGE CREDIT UNION |
|---|---|
| Parcel ID | 0166030304 |
| Short ID | 458098 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 115,495 SF |
| Land SF | 260,402 SF |
| Acres | 5.978 |
| Year Built | 2001 |
| Legal | LOT 1-A BLK A RESEARCH PARK SEC 3A AMENDED PLAT OF A RESUB OF LOT 1 RESEARCH PARK SEC 3 |
| Neighborhood | 51FNW |
| Land | $1,822,814 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,822,814 |
| Improvement | $19,154,707 |
|---|---|
| Total Improvement | $19,154,707 |
| Market | $20,977,521 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,977,521 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,977,521 |
| Taxable Value | $20,977,521 |
|---|
Appreciation: Market value has fallen -27.7% from $29,000,000 (2021) to $20,977,521 (2025), a CAGR of -7.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 2.0144% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $422,568. Round Rock ISD is the largest single contributor, at 44.3% 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 9% of market value ($1,822,814 land vs $19,154,707 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~25 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,977,521, 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 -7.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,994,242 by 2030, with an estimated annual tax burden around $240,931. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 169,860 SF | ✗ |
| 3RD | 3rd Floor | 39,721 SF | ✓ |
| 2ND | 2nd Floor | 38,795 SF | ✓ |
| 1ST | 1st Floor | 36,979 SF | ✓ |
| 501 | CANOPY | 2,194 SF | ✗ |
| 611 | TERRACE | 1,500 SF | ✗ |
| LOBBY | Lobby | 1,304 SF | ✓ |
| 437 | FENCE MASON LF | 190 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $187,350.24 | $187,350.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $109,925.78 | $109,925.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $78,842.96 | $78,842.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $24,758.30 | $24,758.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $21,690.76 | $21,690.76 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $422,568.04 | $422,568.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,258,455 | $20,977,521 | +1.3% |
| Assessed Value | $21,258,455 | $20,977,521 | +1.3% |
| Land Value | $1,822,814 | $1,822,814 | +0.0% |
| Improvement Value | $19,435,641 | $19,154,707 | +1.5% |
| Taxable Value | $21,258,455 | $20,977,521 | +1.3% |
| Total Tax 2026 = estimate |
~$428,227
Estimated
|
~$422,568
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $21,258,455 | $21,258,455 | +0 (+0.0%) |
| Taxable Value | $21,258,455 | $21,258,455 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,258,455 | $1,822,814 | $19,435,641 | — | $21,258,455 | $21,258,455 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,977,521 | $1,822,814 | $19,154,707 | — | $20,977,521 | $20,977,521 | ~$422,568 | Partial |
| 2024 | $24,500,000 | — | — | −$22,677,186 | $1,822,814 | $— | $445,471 | Verified |
| 2023 | $30,613,600 | — | — | −$28,790,786 | $1,822,814 | $— | $459,396 | Verified |
| 2022 | $29,448,000 | — | — | −$27,625,186 | $1,822,814 | $— | $624,800 | Verified |
| 2021 | $29,000,000 | — | — | −$27,177,186 | $1,822,814 | $— | $662,162 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | -9.4% | -9.4% | ~100% | Not available | Partial |
| 2024 | -11.2% | -11.2% | ~100% | 1.9200% | Verified |
| 2023 | -14.8% | -14.8% | ~100% | 1.7600% | Verified |
| 2022 | +4.0% | +4.0% | ~100% | 2.0400% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -28.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.3% | -5.5% | -8.0% | +4.0% | 2023 | -20.0% | 2024 |
| Assessment Ratio | 100.0% | 37.6% | — | 100.0% | 2025 | 6.0% | 2023 |
| Effective Tax Rate (2025) | 2.0100% | 2.0100% | — | 2.0100% | 2025 | 2.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$422,568 | $522,879 | ~$306,099 | $662,162 | 2021 | $422,568 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$19,346,090 | ~$19,346,090 | ~1.9558% | ~$378,378 | -7.8% |
| 2027 | ~$17,841,536 | ~$17,841,536 | ~1.8973% | ~$338,505 | -14.9% |
| 2028 | ~$16,453,992 | ~$16,453,992 | ~1.8387% | ~$302,546 | -21.6% |
| 2029 | ~$15,174,358 | ~$15,174,358 | ~1.7802% | ~$270,133 | -27.7% |
| 2030 | ~$13,994,242 | ~$13,994,242 | ~1.7216% | ~$240,931 | -33.3% |
| 2026 | ~$19,928,645 | ~$19,928,645 | ~2.0144% | ~$401,440 | -5.0% |
| 2027 | ~$18,932,213 | ~$18,932,213 | ~2.0144% | ~$381,368 | -9.7% |
| 2028 | ~$17,985,602 | ~$17,985,602 | ~2.0144% | ~$362,299 | -14.3% |
| 2029 | ~$17,086,322 | ~$17,086,322 | ~2.0144% | ~$344,184 | -18.5% |
| 2030 | ~$16,232,006 | ~$16,232,006 | ~2.0144% | ~$326,975 | -22.6% |
| 2026 | ~$19,765,641 | ~$19,765,641 | ~1.9266% | ~$380,797 | -5.8% |
| 2027 | ~$18,623,771 | ~$18,623,771 | ~1.8387% | ~$342,443 | -11.2% |
| 2028 | ~$17,547,868 | ~$17,547,868 | ~1.7509% | ~$307,249 | -16.3% |
| 2029 | ~$16,534,120 | ~$16,534,120 | ~1.6631% | ~$274,978 | -21.2% |
| 2030 | ~$15,578,936 | ~$15,578,936 | ~1.5753% | ~$245,410 | -25.7% |
In 2025, this property's market value of $20,977,521 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 15× 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 | $20,977,521 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $24,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $30,613,600 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $29,448,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $29,000,000 | $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.