1017 SPRINGDALE RD 78721
| Owner | AUS SPRINGDALE LLC |
|---|---|
| Parcel ID | 0205170105 |
| Short ID | 961897 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 407,486 SF |
| Land SF | 1,311,948 SF |
| Acres | 30.118 |
| Year Built | 2022 |
| Legal | SPRINGDALE COMMERCIAL LOT 1 |
| Neighborhood | EAS |
| Land | $78,716,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $78,716,880 |
| Improvement | $131,086,982 |
|---|---|
| Total Improvement | $131,086,982 |
| Market | $209,803,862 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $209,803,862 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $209,803,862 |
| Taxable Value | $209,803,862 |
|---|
Appreciation: Market value has risen +917.7% from $20,615,325 (2023) to $209,803,862 (2025), a CAGR of 219.0% over 2 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 +0.2%, 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 $4,293,605. 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 38% of market value ($78,716,880 land vs $131,086,982 improvements), about $60/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $209,803,862, 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 +219.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $69,322,099,827 by 2030, with an estimated annual tax burden around $6,365,000. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 824,000 SF | ✓ |
| 3RD | 3rd Floor | 147,113 SF | ✓ |
| 4TH | 4th Floor | 145,766 SF | ✓ |
| 5TH | 5th Floor | 145,652 SF | ✓ |
| 2ND | 2nd Floor | 136,650 SF | ✓ |
| ADDL | Additional Floor | 133,988 SF | ✓ |
| 1ST | 1st Floor | 123,723 SF | ✓ |
Market value changed by 398% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $1,941,105.33 | $1,941,105.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,099,407.90 | $1,099,407.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $788,537.33 | $788,537.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $247,616.81 | $247,616.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $216,937.19 | $216,937.19 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,293,604.56 | $4,293,604.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $206,712,815 | $209,803,862 | -1.5% |
| Assessed Value | $206,712,815 | $209,803,862 | -1.5% |
| Land Value | $78,716,880 | $78,716,880 | +0.0% |
| Improvement Value | $127,995,935 | $131,086,982 | -2.4% |
| Taxable Value | $206,712,815 | $209,803,862 | -1.5% |
| Total Tax 2026 = estimate |
~$4,230,347
Estimated
|
~$4,293,605
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $206,712,815 | $206,712,815 | +0 (+0.0%) |
| Taxable Value | $206,712,815 | $206,712,815 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $206,712,815 | $78,716,880 | $127,995,935 | — | $206,712,815 | $206,712,815 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $209,803,862 | $78,716,880 | $131,086,982 | — | $209,803,862 | $209,803,862 | ~$4,293,605 | Partial |
| 2024 | $102,713,960 | — | — | −$23,997,080 | $78,716,880 | $— | $4,873,445 | Verified |
| 2023 | $20,615,325 | — | — | — | $78,716,880 ! | $— | $1,858,349 | Verified |
| 2022 | $— | — | — | — | $13,119,480 | $— | $407,137 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | -14.7% | -14.7% | ~100% | Not available | Partial |
| 2024 | +139.4% ! | +139.4% | ~100% | 1.9800% | Verified |
| 2023 | +398.2% ! | +398.2% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +917.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +167.0% | +220.0% | +398.2% | 2024 | -1.5% | 2026 |
| Assessment Ratio | 100.0% | 164.6% | — | 381.8% | 2023 | 76.6% | 2024 |
| 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 |
$4,293,605 | $3,675,133 | ~$5,474,262 | $4,873,445 | 2024 | $1,858,349 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$669,306,626 | ~$230,784,248 | ~2.0139% | ~$4,647,848 | +219.0% |
| 2027 | ~$2,135,191,199 | ~$253,862,673 | ~1.9814% | ~$5,030,005 | +917.7% |
| 2028 | ~$6,811,588,710 | ~$279,248,940 | ~1.9488% | ~$5,442,114 | +3146.6% |
| 2029 | ~$21,730,016,855 | ~$307,173,834 | ~1.9163% | ~$5,886,345 | +10257.3% |
| 2030 | ~$69,322,099,827 | ~$337,891,218 | ~1.8837% | ~$6,365,000 | +32941.4% |
| 2026 | ~$665,110,549 | ~$230,784,248 | ~2.0465% | ~$4,722,965 | +217.0% |
| 2027 | ~$2,108,502,856 | ~$253,862,673 | ~2.0465% | ~$5,195,262 | +905.0% |
| 2028 | ~$6,684,278,727 | ~$279,248,940 | ~2.0465% | ~$5,714,788 | +3086.0% |
| 2029 | ~$21,190,192,833 | ~$307,173,834 | ~2.0465% | ~$6,286,266 | +10000.0% |
| 2030 | ~$67,176,174,216 | ~$337,891,218 | ~2.0465% | ~$6,914,893 | +31918.6% |
| 2026 | ~$673,502,703 | ~$230,784,248 | ~1.9977% | ~$4,610,290 | +221.0% |
| 2027 | ~$2,162,047,386 | ~$253,862,673 | ~1.9488% | ~$4,947,376 | +930.5% |
| 2028 | ~$6,940,505,028 | ~$279,248,940 | ~1.9000% | ~$5,305,777 | +3208.1% |
| 2029 | ~$22,280,089,862 | ~$307,173,834 | ~1.8512% | ~$5,686,384 | +10519.5% |
| 2030 | ~$71,522,519,219 | ~$337,891,218 | ~1.8024% | ~$6,090,054 | +33990.2% |
In 2025, this property's market value of $209,803,862 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 148× 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 | $209,803,862 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $102,713,960 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $20,615,325 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.