701 BRAZOS ST O-2 TX 78701
| Owner | SIDRA AUSTIN LLC |
|---|---|
| Parcel ID | 0206032503 |
| Short ID | 754190 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 42,372 SF |
| Land SF | 38,115 SF |
| Acres | 0.875 |
| Year Built | 1985 |
| Legal | UNT O-2 AUSTIN CENTRE CONDOMINIUM THE PLUS 50.0 % INT IN COM AREA |
| Neighborhood | 50CBD |
| Land | $24,774,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $24,774,750 |
| Improvement | $49,225,250 |
|---|---|
| Total Improvement | $49,225,250 |
| Market | $74,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $74,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $74,000,000 |
| Taxable Value | $74,000,000 |
|---|
Appreciation: Market value has fallen -56.3% from $169,500,000 (2021) to $74,000,000 (2025), a CAGR of -18.7% 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 $1,514,399. 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 33% of market value ($24,774,750 land vs $49,225,250 improvements), about $650/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $74,000,000, 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 -18.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $26,260,878 by 2030, with an estimated annual tax burden around $494,687. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 914,862 SF | ✓ |
| SO | Sketch Only | 889,179 SF | ✗ |
| 491 | SPRINKLER HEADS | 383,532 SF | ✗ |
| ADDL | Additional Floor | 341,160 SF | ✓ |
| 501 | CANOPY | 26,689 SF | ✗ |
| 1ST | 1st Floor | 21,186 SF | ✓ |
| 2ND | 2nd Floor | 21,186 SF | ✓ |
| 335 | PENTHOUSE | 3,696 SF | ✓ |
| 319 | ATRIUM 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% | $684,648.00 | $684,648.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $387,772.58 | $387,772.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $278,125.30 | $278,125.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $87,337.02 | $87,337.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $76,516.00 | $76,516.00 | Paid |
| P2U | — | — | — | — | — | — | $67,987.50 | $67,987.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,582,386.40 | $1,582,386.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $79,322,158 | $74,000,000 | +7.2% |
| Assessed Value | $79,322,158 | $74,000,000 | +7.2% |
| Land Value | $45,738,000 | $24,774,750 | +84.6% |
| Improvement Value | $33,584,158 | $49,225,250 | -31.8% |
| Taxable Value | $79,322,158 | $74,000,000 | +7.2% |
| Total Tax 2026 = estimate |
~$1,623,316
Estimated
|
~$1,582,386
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $79,322,158 | $79,322,158 | +0 (+0.0%) |
| Taxable Value | $79,322,158 | $79,322,158 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $79,322,158 | $45,738,000 | $33,584,158 | — | $79,322,158 | $79,322,158 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $74,000,000 | $24,774,750 | $49,225,250 | — | $74,000,000 | $74,000,000 | ~$1,582,386 | Partial |
| 2024 | $149,000,000 | — | — | −$124,225,250 | $24,774,750 | $— | $2,512,119 | Verified |
| 2023 | $159,000,000 | — | — | −$132,986,512 | $26,013,488 | $— | $2,844,545 | Verified |
| 2022 | $159,000,000 | — | — | −$148,874,750 | $10,125,250 | $— | $3,310,549 | Verified |
| 2021 | $169,500,000 | — | — | −$159,374,750 | $10,125,250 | $— | $3,636,640 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.2% | +7.2% | ~100% | Not available | Partial |
| 2025 | -44.5% | -44.5% | ~100% | Not available | Partial |
| 2024 | -16.9% | -16.9% | ~100% | 1.8800% | Verified |
| 2023 | -6.1% | -6.1% | ~100% | 1.7700% | Verified |
| 2022 | -2.5% | -2.5% | ~100% | 1.9400% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -57.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.2% | -11.1% | -19.8% | +7.2% | 2026 | -50.3% | 2025 |
| Assessment Ratio | 100.0% | 40.9% | — | 100.0% | 2025 | 6.0% | 2021 |
| 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 |
$1,582,386 | $2,777,248 | ~$813,710 | $3,636,640 | 2021 | $1,582,386 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$60,151,606 | ~$60,151,606 | ~2.0139% | ~$1,211,415 | -18.7% |
| 2027 | ~$48,894,806 | ~$48,894,806 | ~1.9814% | ~$968,796 | -33.9% |
| 2028 | ~$39,744,609 | ~$39,744,609 | ~1.9488% | ~$774,559 | -46.3% |
| 2029 | ~$32,306,785 | ~$32,306,785 | ~1.9163% | ~$619,092 | -56.3% |
| 2030 | ~$26,260,878 | ~$26,260,878 | ~1.8837% | ~$494,687 | -64.5% |
| 2026 | ~$70,300,000 | ~$70,300,000 | ~2.0465% | ~$1,438,679 | -5.0% |
| 2027 | ~$66,785,000 | ~$66,785,000 | ~2.0465% | ~$1,366,745 | -9.8% |
| 2028 | ~$63,445,750 | ~$63,445,750 | ~2.0465% | ~$1,298,408 | -14.3% |
| 2029 | ~$60,273,462 | ~$60,273,462 | ~2.0465% | ~$1,233,487 | -18.5% |
| 2030 | ~$57,259,789 | ~$57,259,789 | ~2.0465% | ~$1,171,813 | -22.6% |
| 2026 | ~$61,631,606 | ~$61,631,606 | ~1.9977% | ~$1,231,191 | -16.7% |
| 2027 | ~$51,330,470 | ~$51,330,470 | ~1.9488% | ~$1,000,348 | -30.6% |
| 2028 | ~$42,751,072 | ~$42,751,072 | ~1.9000% | ~$812,278 | -42.2% |
| 2029 | ~$35,605,638 | ~$35,605,638 | ~1.8512% | ~$659,129 | -51.9% |
| 2030 | ~$29,654,495 | ~$29,654,495 | ~1.8024% | ~$534,484 | -59.9% |
In 2025, this property's market value of $74,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 52× 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 | $74,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $149,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $159,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $159,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $169,500,000 | $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.