1224 E 12 ST TX 78702
| Owner | NEXT DORR LAND COMPANY LLC |
|---|---|
| Parcel ID | 0207080408 |
| Short ID | 195820 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 28,361 SF |
| Land SF | 44,850 SF |
| Acres | 1.030 |
| Year Built | 2019 |
| Legal | LOT 1-5 BLK 1 OLT 38 DIV B OREILLY JAMES |
| Neighborhood | 52EAS |
| Land | $6,727,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,727,500 |
| Improvement | $1,283,462 |
|---|---|
| Total Improvement | $1,283,462 |
| Market | $8,010,962 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,010,962 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,010,962 |
| Taxable Value | $8,010,962 |
|---|
Appreciation: Market value has risen +2.6% from $7,807,937 (2021) to $8,010,962 (2025), a CAGR of 0.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2023), 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 $163,943. 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 84% of market value ($6,727,500 land vs $1,283,462 improvements), about $150/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $8,010,962, 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 +0.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,272,183 by 2030, with an estimated annual tax burden around $155,827. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 14,024 SF | ✓ |
| 551 | PAVED AREA | 12,895 SF | ✗ |
| 2ND | 2nd Floor | 11,069 SF | ✓ |
| 611 | TERRACE | 5,868 SF | ✗ |
| 3RD | 3rd Floor | 3,268 SF | ✓ |
| 501 | CANOPY | 591 SF | ✗ |
| 413 | STAIRWAY EXT | 3 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% | $74,117.42 | $74,117.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $41,978.80 | $41,978.80 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $30,108.80 | $30,108.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,454.78 | $9,454.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,283.33 | $8,283.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $163,943.13 | $163,943.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,548,610 | $8,010,962 | -5.8% |
| Assessed Value | $7,548,610 | $8,010,962 | -5.8% |
| Land Value | $6,727,500 | $6,727,500 | +0.0% |
| Improvement Value | $821,110 | $1,283,462 | -36.0% |
| Taxable Value | $7,548,610 | $8,010,962 | -5.8% |
| Total Tax 2026 = estimate |
~$154,481
Estimated
|
~$163,943
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,548,610 | $7,548,610 | +0 (+0.0%) |
| Taxable Value | $7,548,610 | $7,548,610 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,548,610 | $6,727,500 | $821,110 | — | $7,548,610 | $7,548,610 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,010,962 | $6,727,500 | $1,283,462 | — | $8,010,962 | $8,010,962 | ~$163,943 | Partial |
| 2024 | $8,210,456 | — | — | −$5,148,770 | $3,061,686 | $— | $154,951 | Verified |
| 2023 | $9,400,000 | — | — | −$6,338,314 | $3,061,686 | $— | $148,547 | Verified |
| 2022 | $— | — | — | — | $1,939,068 | $— | $185,840 | Verified |
| 2021 | $7,807,937 | — | — | −$4,219,937 | $3,588,000 | $— | $202,089 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2025 | +2.5% | +2.5% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | 1.9800% | Verified |
| 2023 | -14.5% | -14.5% | ~100% | 1.8100% | Verified |
| 2022 | -3.6% | -3.6% | ~100% | 1.9400% | Verified |
| 2021 | base year | — | ~100% | 2.5900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -19.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.8% | -0.1% | +1.9% | +20.4% | 2023 | -12.7% | 2024 |
| Assessment Ratio | 100.0% | 63.2% | — | 100.0% | 2025 | 32.6% | 2023 |
| 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 |
$163,943 | $167,383 | ~$159,128 | $202,089 | 2021 | $148,547 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,062,538 | ~$8,062,538 | ~2.0139% | ~$162,374 | +0.6% |
| 2027 | ~$8,114,446 | ~$8,114,446 | ~1.9814% | ~$160,779 | +1.3% |
| 2028 | ~$8,166,688 | ~$8,166,688 | ~1.9488% | ~$159,156 | +1.9% |
| 2029 | ~$8,219,266 | ~$8,219,266 | ~1.9163% | ~$157,505 | +2.6% |
| 2030 | ~$8,272,183 | ~$8,272,183 | ~1.8837% | ~$155,827 | +3.3% |
| 2026 | ~$7,902,319 | ~$7,902,319 | ~2.0465% | ~$161,720 | -1.4% |
| 2027 | ~$7,795,149 | ~$7,795,149 | ~2.0465% | ~$159,527 | -2.7% |
| 2028 | ~$7,689,432 | ~$7,689,432 | ~2.0465% | ~$157,363 | -4.0% |
| 2029 | ~$7,585,149 | ~$7,585,149 | ~2.0465% | ~$155,229 | -5.3% |
| 2030 | ~$7,482,280 | ~$7,482,280 | ~2.0465% | ~$153,124 | -6.6% |
| 2026 | ~$8,222,757 | ~$8,222,757 | ~1.9977% | ~$164,263 | +2.6% |
| 2027 | ~$8,440,152 | ~$8,440,152 | ~1.9488% | ~$164,485 | +5.4% |
| 2028 | ~$8,663,294 | ~$8,663,294 | ~1.9000% | ~$164,604 | +8.1% |
| 2029 | ~$8,892,335 | ~$8,892,335 | ~1.8512% | ~$164,614 | +11.0% |
| 2030 | ~$9,127,432 | ~$9,127,432 | ~1.8024% | ~$164,510 | +13.9% |
In 2025, this property's market value of $8,010,962 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,010,962 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,210,456 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,400,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $7,807,937 | $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.