1115 SAN JACINTO BLVD TX 78701
| Owner | TEXAS ASSOCIATION OF REALTORS |
|---|---|
| Parcel ID | 0208031102 |
| Short ID | 197019 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 41,121 SF |
| Land SF | 30,964 SF |
| Acres | 0.711 |
| Year Built | 1989 |
| Legal | LOT 10-12 *& 68 FT OF LOT 1-3 BLOCK 137 ORIGINAL CITY (TOTAL SQ FT 30964) |
| Neighborhood | 51CBD |
| Land | $10,837,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,837,400 |
| Improvement | $1,232,667 |
|---|---|
| Total Improvement | $1,232,667 |
| Market | $12,070,067 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,070,067 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,070,067 |
| Taxable Value | $12,070,067 |
|---|
Appreciation: Market value has fallen -11.4% from $13,625,000 (2021) to $12,070,067 (2025), a CAGR of -3.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $247,012. 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 90% of market value ($10,837,400 land vs $1,232,667 improvements), about $350/SF of land. With value concentrated in the land under a ~37-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 $12,070,067, 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 -3.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,373,520 by 2030, with an estimated annual tax burden around $195,410. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 47,231 SF | ✓ |
| 491 | SPRINKLER HEADS | 42,425 SF | ✗ |
| 2ND | 2nd Floor | 23,870 SF | ✓ |
| 1ST | 1st Floor | 17,251 SF | ✓ |
| SO | Sketch Only | 4,811 SF | ✗ |
| LOBBY | Lobby | 1,304 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% | $97,146.00 | $97,146.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $55,021.79 | $55,021.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $39,463.73 | $39,463.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,392.42 | $12,392.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,857.00 | $10,857.00 | Paid |
| P2U | — | — | — | — | — | — | $9,250.00 | $9,250.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $224,130.94 | $224,130.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,279,097 | $12,070,067 | -23.1% |
| Assessed Value | $9,279,097 | $12,070,067 | -23.1% |
| Land Value | $7,741,000 | $10,837,400 | -28.6% |
| Improvement Value | $1,538,097 | $1,232,667 | +24.8% |
| Taxable Value | $9,279,097 | $12,070,067 | -23.1% |
| Total Tax 2026 = estimate |
~$189,895
Estimated
|
~$224,131
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,279,097 | $9,279,097 | +0 (+0.0%) |
| Taxable Value | $9,279,097 | $9,279,097 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,279,097 | $7,741,000 | $1,538,097 | — | $9,279,097 | $9,279,097 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,070,067 | $10,837,400 | $1,232,667 | — | $12,070,067 | $12,070,067 | ~$224,131 | Partial |
| 2024 | $11,405,140 | — | — | −$567,740 | $10,837,400 | $— | $218,176 | Verified |
| 2023 | $13,800,000 | — | — | −$7,607,200 | $6,192,800 | $— | $216,434 | Verified |
| 2022 | $13,400,000 | — | — | −$7,207,200 | $6,192,800 | $— | $286,944 | Verified |
| 2021 | $13,625,000 | — | — | −$7,432,200 | $6,192,800 | $— | $306,101 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.1% | -23.1% | ~100% | Not available | Partial |
| 2025 | +6.6% | +6.6% | ~100% | Not available | Partial |
| 2024 | -0.7% | -0.7% | ~100% | 1.9300% | Verified |
| 2023 | -23.6% | -23.6% | ~100% | 1.9000% | Verified |
| 2022 | +0.4% | +0.4% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -18.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | -6.7% | +2.9% | +5.8% | 2025 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 71.9% | — | 100.0% | 2025 | 44.9% | 2023 |
| Effective Tax Rate (2025) | 1.8600% | 1.8600% | — | 1.8600% | 2025 | 1.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$224,131 | $250,357 | ~$215,205 | $306,101 | 2021 | $216,434 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,709,894 | ~$11,709,894 | ~2.0139% | ~$235,830 | -3.0% |
| 2027 | ~$11,360,469 | ~$11,360,469 | ~1.9814% | ~$225,095 | -5.9% |
| 2028 | ~$11,021,471 | ~$11,021,471 | ~1.9488% | ~$214,791 | -8.7% |
| 2029 | ~$10,692,588 | ~$10,692,588 | ~1.9163% | ~$204,901 | -11.4% |
| 2030 | ~$10,373,520 | ~$10,373,520 | ~1.8837% | ~$195,410 | -14.1% |
| 2026 | ~$11,468,493 | ~$11,468,493 | ~2.0465% | ~$234,701 | -5.0% |
| 2027 | ~$10,896,901 | ~$10,896,901 | ~2.0465% | ~$223,003 | -9.7% |
| 2028 | ~$10,353,798 | ~$10,353,798 | ~2.0465% | ~$211,889 | -14.2% |
| 2029 | ~$9,837,763 | ~$9,837,763 | ~2.0465% | ~$201,328 | -18.5% |
| 2030 | ~$9,347,447 | ~$9,347,447 | ~2.0465% | ~$191,294 | -22.6% |
| 2026 | ~$11,951,296 | ~$11,951,296 | ~1.9977% | ~$238,747 | -1.0% |
| 2027 | ~$11,833,693 | ~$11,833,693 | ~1.9488% | ~$230,620 | -2.0% |
| 2028 | ~$11,717,247 | ~$11,717,247 | ~1.9000% | ~$222,630 | -2.9% |
| 2029 | ~$11,601,948 | ~$11,601,948 | ~1.8512% | ~$214,775 | -3.9% |
| 2030 | ~$11,487,783 | ~$11,487,783 | ~1.8024% | ~$207,052 | -4.8% |
In 2025, this property's market value of $12,070,067 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $12,070,067 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,405,140 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $13,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $13,400,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $13,625,000 | $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.