303 E 11 ST 550 TX 78701
| Owner | GRAND CENTRAL TEXAS |
|---|---|
| Parcel ID | 0208031360 |
| Short ID | 829097 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 7,086 SF |
| Land SF | 1,239 SF |
| Acres | 0.028 |
| Year Built | 1955 |
| Legal | UNT 550 303 OFFICE CONDOMINIUMS AMENDED PLUS 0.261 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $247,836 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $247,836 |
| Improvement | $1,728,935 |
|---|---|
| Total Improvement | $1,728,935 |
| Market | $1,976,771 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,976,771 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,976,771 |
| Taxable Value | $1,976,771 |
|---|
Appreciation: Market value has risen +5069.9% from $38,236 (2021) to $1,976,771 (2025), a CAGR of 168.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 outpaced the broader commercial market over the same period.
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 13% of market value ($247,836 land vs $1,728,935 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,976,771, this parcel sits in the upper-middle (50th–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 +168.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $274,038,288 by 2030, with an estimated annual tax burden around $0. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 7,086 SF | ✓ |
Market value changed by 7662% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,070,802 | $1,976,771 | +55.3% |
| Assessed Value | $3,070,802 | $1,976,771 | +55.3% |
| Land Value | $495,672 | $247,836 | +100.0% |
| Improvement Value | $2,575,130 | $1,728,935 | +48.9% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,070,802 | $3,070,802 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,070,802 | $495,672 | $2,575,130 | — | $3,070,802 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,976,771 | $247,836 | $1,728,935 | — | $1,976,771 | $— | not in county billing file ⓘ | Partial |
| 2024 | $3,167,999 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $40,816 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2022 | $40,688 | — | — | −$36,526 | $4,162 | $— | $40 | Verified |
| 2021 | $38,236 | — | — | −$34,074 | $4,162 | $— | $886 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +55.3% | +55.3% | ~100% | Not available | Partial |
| 2025 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2024 | -32.0% | -32.0% | ~100% | No billing data | Verified |
| 2023 | +7661.7% ! | +7661.7% | ~100% | No billing data | Verified |
| 2022 | +0.3% | +0.3% | ~100% | 0.1000% | Verified |
| 2021 | base year | — | ~100% | 2.3200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4758.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +55.3% | +1537.2% | +149.0% | +7661.7% | 2024 | -37.6% | 2025 |
| Assessment Ratio | 100.0% | 55.3% | — | 100.0% | 2025 | 10.2% | 2022 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $40 | $463 | — | $886 | 2021 | $40 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,300,628 | ~$2,174,448 | ~0.0000% | ~$0 | +168.1% |
| 2027 | ~$14,213,411 | ~$2,391,893 | ~0.0000% | ~$0 | +619.0% |
| 2028 | ~$38,112,663 | ~$2,631,082 | ~0.0000% | ~$0 | +1828.0% |
| 2029 | ~$102,197,499 | ~$2,894,190 | ~0.0000% | ~$0 | +5069.9% |
| 2030 | ~$274,038,288 | ~$3,183,609 | ~0.0000% | ~$0 | +13762.9% |
| 2026 | ~$5,261,093 | ~$2,174,448 | ~0.0000% | ~$0 | +166.1% |
| 2027 | ~$14,002,177 | ~$2,391,893 | ~0.0000% | ~$0 | +608.3% |
| 2028 | ~$37,266,203 | ~$2,631,082 | ~0.0000% | ~$0 | +1785.2% |
| 2029 | ~$99,182,429 | ~$2,894,190 | ~0.0000% | ~$0 | +4917.4% |
| 2030 | ~$263,969,856 | ~$3,183,609 | ~0.0000% | ~$0 | +13253.6% |
| 2026 | ~$5,340,164 | ~$2,174,448 | ~0.0000% | ~$0 | +170.1% |
| 2027 | ~$14,426,227 | ~$2,391,893 | ~0.0000% | ~$0 | +629.8% |
| 2028 | ~$38,971,844 | ~$2,631,082 | ~0.0000% | ~$0 | +1871.5% |
| 2029 | ~$105,280,795 | ~$2,894,190 | ~0.0000% | ~$0 | +5225.9% |
| 2030 | ~$284,411,630 | ~$3,183,609 | ~0.0000% | ~$0 | +14287.7% |
In 2025, this property's market value of $1,976,771 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +39% above 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 | $1,976,771 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,167,999 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $40,816 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $40,688 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $38,236 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 25% | base yr |