3121 E 12 ST TX 78702
| Owner | 3121 E 12TH HORIZONTAL INVESTORS LP |
|---|---|
| Parcel ID | 0209150207 |
| Short ID | 198904 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,160 SF |
| Land SF | 21,780 SF |
| Acres | 0.500 |
| Year Built | 1964 |
| Legal | LOT 11 OLT 15 DIV B HUSTON SAM HEIGHTS ANNEX |
| Neighborhood | 53EAS |
| Land | $2,613,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,613,600 |
| Improvement | $166,400 |
|---|---|
| Total Improvement | $166,400 |
| Market | $2,780,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,780,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,780,000 |
| Taxable Value | $2,780,000 |
|---|
Appreciation: Market value has risen +154.7% from $1,091,500 (2021) to $2,780,000 (2025), a CAGR of 26.3% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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.
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 $56,892. 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 94% of market value ($2,613,600 land vs $166,400 improvements), about $120/SF of land. With value concentrated in the land under a ~62-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 $2,780,000, 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 +26.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,944,810 by 2030, with an estimated annual tax burden around $84,339. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,120 SF | ✗ |
| 1ST | 1st Floor | 4,160 SF | ✓ |
| 501 | CANOPY | 432 SF | ✗ |
| 327 | STORAGE COMM'L | 120 SF | ✓ |
| 091 | HVAC COMMRCL TON | 5 SF | ✗ |
Market value changed by 82% 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% | $25,720.56 | $25,720.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,567.67 | $14,567.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,448.49 | $10,448.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,281.04 | $3,281.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,874.52 | $2,874.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,892.28 | $56,892.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,490,000 | $2,780,000 | -46.4% |
| Assessed Value | $1,490,000 | $2,780,000 | -46.4% |
| Land Value | $2,613,600 | $2,613,600 | +0.0% |
| Improvement Value | — | $166,400 | — |
| Taxable Value | $1,490,000 | $2,780,000 | -46.4% |
| Total Tax 2026 = estimate |
~$30,493
Estimated
|
~$56,892
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,490,000 | $1,490,000 | +0 (+0.0%) |
| Taxable Value | $1,490,000 | $1,490,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,490,000 | $2,613,600 | — | — | $1,490,000 | $1,490,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,780,000 | $2,613,600 | $166,400 | — | $2,780,000 | $2,780,000 | ~$56,892 | Partial |
| 2024 | $2,698,000 | — | — | −$84,400 | $2,613,600 | $— | $53,469 | Verified |
| 2023 | $1,481,449 | — | — | — | $2,613,600 ! | $— | $48,813 | Verified |
| 2022 | $1,138,188 | — | — | −$375,888 | $762,300 | $— | $29,257 | Verified |
| 2021 | $1,091,500 | — | — | −$329,200 | $762,300 | $— | $24,775 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -46.4% | -46.4% | ~100% | Not available | Partial |
| 2025 | +3.0% | +3.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +82.1% ! | +82.1% | ~100% | 1.8100% | Verified |
| 2022 | +30.2% | +30.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +144.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -46.4% | +14.6% | +48.2% | +82.1% | 2024 | -46.4% | 2026 |
| Assessment Ratio | 100.0% | 101.7% | — | 176.4% | 2023 | 67.0% | 2022 |
| 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 |
$56,892 | $42,641 | ~$72,537 | $56,892 | 2025 | $24,775 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,511,964 | ~$3,058,000 | ~2.0139% | ~$61,586 | +26.3% |
| 2027 | ~$4,436,652 | ~$3,363,800 | ~1.9814% | ~$66,650 | +59.6% |
| 2028 | ~$5,604,806 | ~$3,700,180 | ~1.9488% | ~$72,111 | +101.6% |
| 2029 | ~$7,080,531 | ~$4,070,198 | ~1.9163% | ~$77,997 | +154.7% |
| 2030 | ~$8,944,810 | ~$4,477,218 | ~1.8837% | ~$84,339 | +221.8% |
| 2026 | ~$3,456,364 | ~$3,058,000 | ~2.0465% | ~$62,582 | +24.3% |
| 2027 | ~$4,297,285 | ~$3,363,800 | ~2.0465% | ~$68,840 | +54.6% |
| 2028 | ~$5,342,799 | ~$3,700,180 | ~2.0465% | ~$75,724 | +92.2% |
| 2029 | ~$6,642,683 | ~$4,070,198 | ~2.0465% | ~$83,296 | +138.9% |
| 2030 | ~$8,258,824 | ~$4,477,218 | ~2.0465% | ~$91,626 | +197.1% |
| 2026 | ~$3,567,564 | ~$3,058,000 | ~1.9977% | ~$61,089 | +28.3% |
| 2027 | ~$4,578,242 | ~$3,363,800 | ~1.9488% | ~$65,555 | +64.7% |
| 2028 | ~$5,875,242 | ~$3,700,180 | ~1.9000% | ~$70,304 | +111.3% |
| 2029 | ~$7,539,677 | ~$4,070,198 | ~1.8512% | ~$75,347 | +171.2% |
| 2030 | ~$9,675,640 | ~$4,477,218 | ~1.8024% | ~$80,696 | +248.0% |
In 2025, this property's market value of $2,780,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +96% 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 | $2,780,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,698,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,481,449 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,138,188 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,091,500 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.