2115 E M L KING JR BLVD TX 78702
| Owner | FUSE AUSTIN JV LLC |
|---|---|
| Parcel ID | 0209090402 |
| Short ID | 198483 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 32,888 SF |
| Land SF | 32,922 SF |
| Acres | 0.756 |
| Year Built | 2023 |
| Legal | LOT 1-4 OLT 35 DIV B WILHELM F SR PLUS N 10' OF VACATED ALLEY LESS 0.0474 AC |
| Neighborhood | 1EC2 |
| Land | $2,963,003 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,963,003 |
| Improvement | $5,351,997 |
|---|---|
| Total Improvement | $5,351,997 |
| Market | $8,315,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,315,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,315,000 |
| Taxable Value | $8,315,000 |
|---|
Appreciation: Market value has risen +242.7% from $2,426,116 (2021) to $8,315,000 (2025), a CAGR of 36.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $170,165. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 36% of market value ($2,963,003 land vs $5,351,997 improvements), about $90/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $8,315,000, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +36.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $38,774,894 by 2030, with an estimated annual tax burden around $252,259. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 3RD | 3rd Floor | 14,640 SF | ✓ |
| 2ND | 2nd Floor | 14,620 SF | ✓ |
| 1ST | 1st Floor | 3,628 SF | ✓ |
Market value changed by 274% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $76,930.38 | $76,930.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $43,572.01 | $43,572.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $31,251.51 | $31,251.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,813.61 | $9,813.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,597.71 | $8,597.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $170,165.22 | $170,165.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,000,000 | $8,315,000 | +8.2% |
| Assessed Value | $9,000,000 | $8,315,000 | +8.2% |
| Land Value | $2,963,003 | $2,963,003 | +0.0% |
| Improvement Value | $6,036,997 | $5,351,997 | +12.8% |
| Taxable Value | $9,000,000 | $8,315,000 | +8.2% |
| Total Tax 2026 = estimate |
~$184,184
Estimated
|
~$170,165
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,369,610 | $9,000,000 | -369,610 (-3.9%) |
| Taxable Value | $9,369,610 | $9,000,000 | -369,610 (-3.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,000,000 | $2,963,003 | $6,036,997 | — | $9,000,000 | $9,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,315,000 | $2,963,003 | $5,351,997 | — | $8,315,000 | $8,315,000 | ~$170,165 | Partial |
| 2024 | $7,391,188 | — | — | −$4,428,185 | $2,963,003 | $— | $164,788 | Verified |
| 2023 | $— | — | — | — | $2,963,003 | $— | $133,725 | Verified |
| 2022 | $— | — | — | — | $1,975,336 | $— | $39,011 | Verified |
| 2021 | $2,426,116 | — | — | −$450,780 | $1,975,336 | $— | $42,997 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.7% | +12.7% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +12.5% | +12.5% | ~100% | 1.9800% | Verified |
| 2023 | +274.2% ! | +274.2% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.7700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +320.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.2% | +75.1% | +34.0% | +204.7% | 2024 | +8.2% | 2026 |
| Assessment Ratio | 100.0% | 80.4% | — | 100.0% | 2025 | 40.1% | 2024 |
| 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 |
$170,165 | $125,983 | ~$216,957 | $170,165 | 2025 | $42,997 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,313,577 | ~$9,146,500 | ~2.0139% | ~$184,205 | +36.1% |
| 2027 | ~$15,393,508 | ~$10,061,150 | ~1.9814% | ~$199,350 | +85.1% |
| 2028 | ~$20,944,754 | ~$11,067,265 | ~1.9488% | ~$215,683 | +151.9% |
| 2029 | ~$28,497,906 | ~$12,173,992 | ~1.9163% | ~$233,289 | +242.7% |
| 2030 | ~$38,774,894 | ~$13,391,391 | ~1.8837% | ~$252,259 | +366.3% |
| 2026 | ~$11,147,277 | ~$9,146,500 | ~2.0465% | ~$187,182 | +34.1% |
| 2027 | ~$14,944,291 | ~$10,061,150 | ~2.0465% | ~$205,900 | +79.7% |
| 2028 | ~$20,034,654 | ~$11,067,265 | ~2.0465% | ~$226,490 | +140.9% |
| 2029 | ~$26,858,909 | ~$12,173,992 | ~2.0465% | ~$249,139 | +223.0% |
| 2030 | ~$36,007,660 | ~$13,391,391 | ~2.0465% | ~$274,053 | +333.0% |
| 2026 | ~$11,479,877 | ~$9,146,500 | ~1.9977% | ~$182,716 | +38.1% |
| 2027 | ~$15,849,377 | ~$10,061,150 | ~1.9488% | ~$196,076 | +90.6% |
| 2028 | ~$21,882,008 | ~$11,067,265 | ~1.9000% | ~$210,280 | +163.2% |
| 2029 | ~$30,210,794 | ~$12,173,992 | ~1.8512% | ~$225,364 | +263.3% |
| 2030 | ~$41,709,704 | ~$13,391,391 | ~1.8024% | ~$241,363 | +401.6% |
In 2025, this property's market value of $8,315,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 98× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $8,315,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $7,391,188 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $2,426,116 | $6,000 | $14,480 | $80,000 | ↑ 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.