1200 E 3 ST TX 78702
| Owner | STUDIOS EAST LLC |
|---|---|
| Parcel ID | 0204060315 |
| Short ID | 191804 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,020 SF |
| Land SF | 19,667 SF |
| Acres | 0.451 |
| Year Built | 1977 |
| Legal | LOT 1-3 BLK 7 OLT 3 DIV O PECK R H |
| Neighborhood | 53EAS |
| Land | $3,441,725 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,441,725 |
| Improvement | $1,258,275 |
|---|---|
| Total Improvement | $1,258,275 |
| Market | $4,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,700,000 |
| Taxable Value | $4,700,000 |
|---|
Appreciation: Market value has risen +73.9% from $2,703,340 (2021) to $4,700,000 (2025), a CAGR of 14.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $96,185. 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 73% of market value ($3,441,725 land vs $1,258,275 improvements), about $175/SF of land. With value concentrated in the land under a ~49-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 $4,700,000, 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 +14.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,383,057 by 2030, with an estimated annual tax burden around $142,588. 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 | 9,600 SF | ✗ |
| 1ST | 1st Floor | 6,000 SF | ✓ |
| 093 | HVAC COMMRCL SF | 1,410 SF | ✗ |
| 2ND | 2nd Floor | 1,020 SF | ✓ |
| 328 | MEZZ COMM (STG) | 986 SF | ✓ |
| 591 | MASONRY TRIM SF | 640 SF | ✗ |
| 309 | COURTYARD FV | 283 SF | ✗ |
| 501 | CANOPY | 117 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% | $43,484.40 | $43,484.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,628.80 | $24,628.80 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,664.72 | $17,664.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,547.08 | $5,547.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,859.80 | $4,859.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $96,184.80 | $96,184.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,469,328 | $4,700,000 | -4.9% |
| Assessed Value | $4,469,328 | $4,700,000 | -4.9% |
| Land Value | $3,441,725 | $3,441,725 | +0.0% |
| Improvement Value | $1,027,603 | $1,258,275 | -18.3% |
| Taxable Value | $4,469,328 | $4,700,000 | -4.9% |
| Total Tax 2026 = estimate |
~$91,464
Estimated
|
~$96,185
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,911,350 | $4,469,328 | -442,022 (-9.0%) |
| Taxable Value | $4,911,350 | $4,469,328 | -442,022 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,469,328 | $3,441,725 | $1,027,603 | — | $4,469,328 | $4,469,328 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,700,000 | $3,441,725 | $1,258,275 | — | $4,700,000 | $4,700,000 | ~$96,185 | Partial |
| 2024 | $4,500,000 | — | — | −$1,058,275 | $3,441,725 | $— | $89,182 | Verified |
| 2023 | $3,828,026 | — | — | −$386,301 | $3,441,725 | $— | $81,416 | Verified |
| 2022 | $2,649,025 | — | — | −$190,650 | $2,458,375 | $— | $75,601 | Verified |
| 2021 | $2,703,340 | — | — | −$933,310 | $1,770,030 | $— | $57,661 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.5% | +4.5% | ~100% | Not available | Partial |
| 2025 | -9.1% | -9.1% | ~100% | Not available | Partial |
| 2024 | +14.9% | +14.9% | ~100% | 1.7200% | Verified |
| 2023 | +17.6% | +17.6% | ~100% | 1.8100% | Verified |
| 2022 | +44.4% | +44.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +77.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.9% | +11.9% | +16.0% | +44.5% | 2023 | -4.9% | 2026 |
| Assessment Ratio | 100.0% | 87.5% | — | 100.0% | 2025 | 65.5% | 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 |
$96,185 | $80,009 | ~$122,634 | $96,185 | 2025 | $57,661 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,396,935 | ~$5,170,000 | ~2.0139% | ~$104,121 | +14.8% |
| 2027 | ~$6,197,213 | ~$5,687,000 | ~1.9814% | ~$112,682 | +31.9% |
| 2028 | ~$7,116,161 | ~$6,255,700 | ~1.9488% | ~$121,914 | +51.4% |
| 2029 | ~$8,171,373 | ~$6,881,270 | ~1.9163% | ~$131,865 | +73.9% |
| 2030 | ~$9,383,057 | ~$7,569,397 | ~1.8837% | ~$142,588 | +99.6% |
| 2026 | ~$5,302,935 | ~$5,170,000 | ~2.0465% | ~$105,803 | +12.8% |
| 2027 | ~$5,983,216 | ~$5,687,000 | ~2.0465% | ~$116,384 | +27.3% |
| 2028 | ~$6,750,767 | ~$6,255,700 | ~2.0465% | ~$128,022 | +43.6% |
| 2029 | ~$7,616,782 | ~$6,881,270 | ~2.0465% | ~$140,824 | +62.1% |
| 2030 | ~$8,593,893 | ~$7,569,397 | ~2.0465% | ~$154,907 | +82.8% |
| 2026 | ~$5,490,935 | ~$5,170,000 | ~1.9977% | ~$103,279 | +16.8% |
| 2027 | ~$6,414,971 | ~$5,687,000 | ~1.9488% | ~$110,831 | +36.5% |
| 2028 | ~$7,494,507 | ~$6,255,700 | ~1.9000% | ~$118,859 | +59.5% |
| 2029 | ~$8,755,713 | ~$6,881,270 | ~1.8512% | ~$127,386 | +86.3% |
| 2030 | ~$10,229,159 | ~$7,569,397 | ~1.8024% | ~$136,429 | +117.6% |
In 2025, this property's market value of $4,700,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,700,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,828,026 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $2,649,025 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,703,340 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.