720 BRAZOS ST TX 78701
| Owner | CLPF-PERRY BROOKS LP |
|---|---|
| Parcel ID | 0206030811 |
| Short ID | 194423 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 110,508 SF |
| Land SF | 44,692 SF |
| Acres | 1.026 |
| Year Built | 1930 |
| Legal | LOT 7 & 0.4273 AC OF LOTS 8-12 BLOCK 084 ORIGINAL CITY |
| Neighborhood | 50CBD |
| Land | $29,050,164 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $29,050,164 |
| Improvement | $30,649,836 |
|---|---|
| Total Improvement | $30,649,836 |
| Market | $59,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $59,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $59,700,000 |
| Taxable Value | $59,700,000 |
|---|
Appreciation: Market value has fallen -32.2% from $88,000,000 (2021) to $59,700,000 (2025), a CAGR of -9.2% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $1,221,752. Austin ISD is the largest single contributor, at 43.3% 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 49% of market value ($29,050,164 land vs $30,649,836 improvements), about $650/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $59,700,000, 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 -9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $36,756,902 by 2030, with an estimated annual tax burden around $692,405. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 159,549 SF | ✗ |
| ADDL | Additional Floor | 77,740 SF | ✓ |
| 2ND | 2nd Floor | 52,496 SF | ✓ |
| 1ST | 1st Floor | 40,047 SF | ✓ |
| 3RD | 3rd Floor | 14,785 SF | ✓ |
| 4TH | 4th Floor | 14,785 SF | ✓ |
| UBSMT | Unfinished Basement | 7,908 SF | ✓ |
| 881 | COMMCL FINISHOUT | 6,560 SF | ✓ |
| 5TH | 5th Floor | 5,880 SF | ✓ |
| FBSMT | Finished Basement | 3,180 SF | ✓ |
| 551 | PAVED AREA | 1,988 SF | ✗ |
| 335 | PENTHOUSE | 1,580 SF | ✓ |
| 501 | CANOPY | 511 SF | ✗ |
| 091 | HVAC COMMRCL TON | 20 SF | ✗ |
| 509 | CANOPY FV | 2 SF | ✗ |
| 287 | PARKING UNDER FV | 1 SF | ✓ |
| 559 | PAVED AREA 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $552,344.40 | $552,344.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $312,838.15 | $312,838.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $224,379.47 | $224,379.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,459.73 | $70,459.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $61,729.80 | $61,729.80 | Paid |
| P2U | — | — | — | — | — | — | $54,760.00 | $54,760.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,276,511.55 | $1,276,511.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $50,443,690 | $59,700,000 | -15.5% |
| Assessed Value | $50,443,690 | $59,700,000 | -15.5% |
| Land Value | $53,631,072 | $29,050,164 | +84.6% |
| Improvement Value | — | $30,649,836 | — |
| Taxable Value | $50,443,690 | $59,700,000 | -15.5% |
| Total Tax 2026 = estimate |
~$1,032,323
Estimated
|
~$1,276,512
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $58,653,189 | $50,443,690 | -8,209,499 (-14.0%) |
| Taxable Value | $58,653,189 | $50,443,690 | -8,209,499 (-14.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $50,443,690 | $53,631,072 | — | — | $50,443,690 | $50,443,690 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $59,700,000 | $29,050,164 | $30,649,836 | — | $59,700,000 | $59,700,000 | ~$1,276,512 | Partial |
| 2024 | $84,000,000 | — | — | −$54,949,836 | $29,050,164 | $— | $1,795,893 | Verified |
| 2023 | $101,297,696 | — | — | −$70,795,024 | $30,502,672 | $— | $1,603,907 | Verified |
| 2022 | $89,000,000 | — | — | −$58,497,328 | $30,502,672 | $— | $1,917,606 | Verified |
| 2021 | $88,000,000 | — | — | −$57,497,328 | $30,502,672 | $— | $1,873,713 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2025 | -31.1% | -31.1% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | 2.0700% | Verified |
| 2023 | -10.2% | -10.2% | ~100% | 1.7600% | Verified |
| 2022 | +13.8% | +13.8% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.1300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.5% | -9.3% | -5.9% | +13.8% | 2023 | -28.9% | 2025 |
| Assessment Ratio | 100.0% | 55.6% | — | 100.0% | 2025 | 30.1% | 2023 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,276,512 | $1,693,526 | ~$880,737 | $1,917,606 | 2022 | $1,276,512 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$54,181,029 | ~$54,181,029 | ~2.0139% | ~$1,091,172 | -9.2% |
| 2027 | ~$49,172,259 | ~$49,172,259 | ~1.9814% | ~$974,293 | -17.6% |
| 2028 | ~$44,626,526 | ~$44,626,526 | ~1.9488% | ~$869,699 | -25.2% |
| 2029 | ~$40,501,023 | ~$40,501,023 | ~1.9163% | ~$776,117 | -32.2% |
| 2030 | ~$36,756,902 | ~$36,756,902 | ~1.8837% | ~$692,405 | -38.4% |
| 2026 | ~$56,715,000 | ~$56,715,000 | ~2.0465% | ~$1,160,664 | -5.0% |
| 2027 | ~$53,879,250 | ~$53,879,250 | ~2.0465% | ~$1,102,631 | -9.8% |
| 2028 | ~$51,185,287 | ~$51,185,287 | ~2.0465% | ~$1,047,499 | -14.3% |
| 2029 | ~$48,626,023 | ~$48,626,023 | ~2.0465% | ~$995,124 | -18.5% |
| 2030 | ~$46,194,722 | ~$46,194,722 | ~2.0465% | ~$945,368 | -22.6% |
| 2026 | ~$55,375,029 | ~$55,375,029 | ~1.9977% | ~$1,106,206 | -7.2% |
| 2027 | ~$51,363,380 | ~$51,363,380 | ~1.9488% | ~$1,000,990 | -14.0% |
| 2028 | ~$47,642,356 | ~$47,642,356 | ~1.9000% | ~$905,213 | -20.2% |
| 2029 | ~$44,190,902 | ~$44,190,902 | ~1.8512% | ~$818,059 | -26.0% |
| 2030 | ~$40,989,488 | ~$40,989,488 | ~1.8024% | ~$738,783 | -31.3% |
In 2025, this property's market value of $59,700,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 42× 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 | $59,700,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $84,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $101,297,696 | $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 | $88,000,000 | $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.