55 N INTERSTATE HY 35 TX 78702
| Owner | YOUNG MEN'S CHRISTIAN |
|---|---|
| Parcel ID | 0203040624 |
| Short ID | 190976 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 25,500 SF |
| Land SF | 50,578 SF |
| Acres | 1.161 |
| Year Built | 1971 |
| Legal | TRT A BLK 2 OLT 55 DIV O PAGE & SOUTHERLAND SUBD LOT 20 BLK 2 *LESS S 5FT ELM GROVE ADDN |
| Neighborhood | 52EAS |
| Land | $10,115,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,115,600 |
| Improvement | $372,371 |
|---|---|
| Total Improvement | $372,371 |
| Market | $10,487,971 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,487,971 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,487,971 |
| Taxable Value | $10,487,971 |
|---|
Appreciation: Market value has risen +1989.1% from $502,043 (2021) to $10,487,971 (2025), a CAGR of 113.8% over 4 years. This is strong appreciation — well above typical inflation. 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.
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 96% of market value ($10,115,600 land vs $372,371 improvements), about $200/SF of land. With value concentrated in the land under a ~55-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 $10,487,971, 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 +113.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $468,413,799 by 2030, with an estimated annual tax burden around $0. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 41,000 SF | ✗ |
| 1ST | 1st Floor | 12,750 SF | ✓ |
| 2ND | 2nd Floor | 12,750 SF | ✓ |
| 581C | STORAGE ATT COMM | 360 SF | ✓ |
| 611 | TERRACE | 120 SF | ✗ |
Market value changed by 85% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,510,003 | $10,487,971 | +0.2% |
| Assessed Value | $10,510,003 | $10,487,971 | +0.2% |
| Land Value | $10,115,600 | $10,115,600 | +0.0% |
| Improvement Value | $394,403 | $372,371 | +5.9% |
| Taxable Value | $8,321,619 | — | — |
| Exemptions | — | E | |
| Total Tax | Not available | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,510,003 | $10,510,003 | +0 (+0.0%) |
| Taxable Value | $8,321,619 | $8,321,619 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,510,003 | $10,115,600 | $394,403 | — | $10,510,003 | $8,321,619 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,487,971 | $10,115,600 | $372,371 | — | $10,487,971 | $— | not in county billing file ⓘ | Partial |
| 2024 | $4,030,809 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $3,842,080 | — | — | −$3,394,447 | $447,633 | $— | not in county billing file ⓘ | Partial |
| 2022 | $3,412,437 | — | — | −$2,964,804 | $447,633 | $— | $518 | Verified |
| 2021 | $502,043 | — | — | −$54,410 | $447,633 | $— | $10,146 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +559.7% ! | +559.7% | ~100% | Not available | Partial |
| 2024 | +188.7% ! | +188.7% | ~100% | No billing data | Verified |
| 2023 | +4.9% | +4.9% | ~100% | No billing data | Verified |
| 2022 | -84.6% ! | -84.6% | ~100% | 0.1000% | Verified |
| 2021 | base year | — | ~100% | 2.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +207.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.2% | +151.5% | +113.7% | +579.7% | 2022 | +0.2% | 2026 |
| Assessment Ratio | 100.0% | 62.8% | — | 100.0% | 2025 | 11.7% | 2023 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $518 | $5,332 | — | $10,146 | 2021 | $518 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$22,422,246 | ~$11,536,768 | ~0.0000% | ~$0 | +113.8% |
| 2027 | ~$47,936,548 | ~$12,690,445 | ~0.0000% | ~$0 | +357.1% |
| 2028 | ~$102,483,606 | ~$13,959,489 | ~0.0000% | ~$0 | +877.2% |
| 2029 | ~$219,099,829 | ~$15,355,438 | ~0.0000% | ~$0 | +1989.1% |
| 2030 | ~$468,413,799 | ~$16,890,982 | ~0.0000% | ~$0 | +4366.2% |
| 2026 | ~$22,212,487 | ~$11,536,768 | ~0.0000% | ~$0 | +111.8% |
| 2027 | ~$47,043,854 | ~$12,690,445 | ~0.0000% | ~$0 | +348.6% |
| 2028 | ~$99,634,236 | ~$13,959,489 | ~0.0000% | ~$0 | +850.0% |
| 2029 | ~$211,015,473 | ~$15,355,438 | ~0.0000% | ~$0 | +1912.0% |
| 2030 | ~$446,909,933 | ~$16,890,982 | ~0.0000% | ~$0 | +4161.2% |
| 2026 | ~$22,632,006 | ~$11,536,768 | ~0.0000% | ~$0 | +115.8% |
| 2027 | ~$48,837,633 | ~$12,690,445 | ~0.0000% | ~$0 | +365.7% |
| 2028 | ~$105,386,790 | ~$13,959,489 | ~0.0000% | ~$0 | +904.8% |
| 2029 | ~$227,414,285 | ~$15,355,438 | ~0.0000% | ~$0 | +2068.3% |
| 2030 | ~$490,737,569 | ~$16,890,982 | ~0.0000% | ~$0 | +4579.1% |
In 2025, this property's market value of $10,487,971 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,487,971 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,030,809 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,842,080 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,412,437 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $502,043 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 25% | base yr |