502 15 ST 78701
| Owner | SCA 15TH ST OFFICE LLC |
|---|---|
| Parcel ID | 0210020911 |
| Short ID | 199751 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 28,321 SF |
| Land SF | 11,291 SF |
| Acres | 0.259 |
| Year Built | 2022 |
| Legal | S 46 FT OF E 128 FT OLT 30 DIVISION E |
| Neighborhood | CBD1 |
| Land | $5,645,375 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,645,375 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $10,362,574 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,362,574 |
| Value Limitation Adjustment (−) (homestead cap) | −$583,327 |
| Net Appraised (assessed) | $9,779,247 |
| Taxable Value | $9,779,247 |
|---|
Appreciation: Market value has risen +1091.9% from $869,400 (2021) to $10,362,574 (2025), a CAGR of 85.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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.
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 $200,131. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($9,779,247) is $583,327 below market value, suggesting potential for an upward assessment in future years.
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 54% of market value ($5,645,375 land vs $0 improvements), about $500/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $10,362,574, 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 +85.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $229,497,340 by 2030, with an estimated annual tax burden around $296,681. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 040C | GARAGE BLW GRADE COMM | 14,774 SF | ✓ |
| 1ST | 1st Floor | 9,463 SF | ✓ |
| 2ND | 2nd Floor | 9,437 SF | ✓ |
| 3RD | 3rd Floor | 9,421 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 199751 | MOORE JH 502 LLC | 502 15 ST 78701 | $2,822,688 | $2,822,688 | $2,822,688 |
| 1006494 | SCA 15TH ST OFFICE LLC | — | $7,147,743 | $2,383,808 | $2,383,808 |
Market value changed by 368% 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% | $65,213.23 | $65,213.23 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $36,935.62 | $36,935.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,491.64 | $26,491.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,318.92 | $8,318.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,288.21 | $7,288.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $144,247.62 | $144,247.62 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,970,431 | $10,362,574 | -3.8% |
| Assessed Value | $5,206,496 | $9,779,247 | -46.8% |
| Land Value | $2,822,688 | $5,645,375 | -50.0% |
| Improvement Value | — | — | — |
| Taxable Value | $5,206,496 | $9,779,247 | -46.8% |
| HS Cap Loss | -$4,763,935 | — | |
| Total Tax 2026 = estimate |
~$106,550
Estimated
|
~$144,248
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,970,431 | $9,970,431 | +0 (+0.0%) |
| Taxable Value | $5,206,496 | $5,206,496 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,970,431 | $2,822,688 | — | −$4,763,935 | $5,206,496 | $5,206,496 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,362,574 | $5,645,375 | — | −$583,327 | $9,779,247 | $9,779,247 | ~$144,248 | Partial |
| 2024 | $4,200,000 | — | — | — | $4,218,373 ! | $— | $83,600 | Verified |
| 2023 | $898,009 | — | — | — | $4,200,000 ! | $— | $73,422 | Verified |
| 2022 | $869,400 | — | — | — | $883,200 ! | $— | $17,735 | Verified |
| 2021 | $869,400 | — | — | — | $869,400 | $— | $18,924 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +51.5% | -49.5% | 33.4% | Not available | Partial |
| 2025 | +11.8% | +11.8% | ~100% | Not available | Partial |
| 2024 | +0.4% | +0.4% | ~100% | 1.9800% | Verified |
| 2023 | +367.7% ! | +367.7% | ~100% | 1.7500% | Verified |
| 2022 | +3.3% | +3.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +442.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.8% | +102.8% | +87.3% | +367.7% | 2024 | -3.8% | 2026 |
| Assessment Ratio | 52.2% | 152.7% | — | 467.7% | 2023 | 52.2% | 2026 |
| Effective Tax Rate (2025) | 0.8600% | 0.8600% | — | 0.8600% | 2025 | 0.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$144,248 | $67,586 | ~$255,163 | $144,248 | 2025 | $17,735 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$19,254,385 | ~$10,757,172 | ~2.0139% | ~$216,643 | +85.8% |
| 2027 | ~$35,775,989 | ~$11,832,889 | ~1.9814% | ~$234,455 | +245.2% |
| 2028 | ~$66,474,281 | ~$13,016,178 | ~1.9488% | ~$253,664 | +541.5% |
| 2029 | ~$123,513,849 | ~$14,317,796 | ~1.9163% | ~$274,371 | +1091.9% |
| 2030 | ~$229,497,340 | ~$15,749,575 | ~1.8837% | ~$296,681 | +2114.7% |
| 2026 | ~$19,047,133 | ~$10,757,172 | ~2.0465% | ~$220,144 | +83.8% |
| 2027 | ~$35,009,959 | ~$11,832,889 | ~2.0465% | ~$242,158 | +237.9% |
| 2028 | ~$64,350,744 | ~$13,016,178 | ~2.0465% | ~$266,374 | +521.0% |
| 2029 | ~$118,281,154 | ~$14,317,796 | ~2.0465% | ~$293,012 | +1041.4% |
| 2030 | ~$217,409,006 | ~$15,749,575 | ~2.0465% | ~$322,313 | +1998.0% |
| 2026 | ~$19,461,636 | ~$10,757,172 | ~1.9977% | ~$214,892 | +87.8% |
| 2027 | ~$36,550,310 | ~$11,832,889 | ~1.9488% | ~$230,604 | +252.7% |
| 2028 | ~$68,644,029 | ~$13,016,178 | ~1.9000% | ~$247,310 | +562.4% |
| 2029 | ~$128,918,271 | ~$14,317,796 | ~1.8512% | ~$265,050 | +1144.1% |
| 2030 | ~$242,117,500 | ~$15,749,575 | ~1.8024% | ~$283,866 | +2236.5% |
In 2025, this property's market value of $10,362,574 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,362,574 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,200,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $898,009 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $869,400 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $869,400 | $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.