3118 E 12 ST TX 78702
| Owner | GODOY LOURDES |
|---|---|
| Parcel ID | 0210151124 |
| Short ID | 544253 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,162 SF |
| Land SF | 11,616 SF |
| Acres | 0.267 |
| Year Built | 2009 |
| Legal | LOT 10A BLK 2 MCKINLEY HEIGHTS AMENDED PLAT OF LTS 10-12, 14-21 |
| Neighborhood | 53EAS |
| Land | $1,393,920 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,393,920 |
| Improvement | $238,028 |
|---|---|
| Total Improvement | $238,028 |
| Market | $1,631,948 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,631,948 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,631,948 |
| Taxable Value | $1,631,948 |
|---|
Appreciation: Market value has risen +244.1% from $474,269 (2021) to $1,631,948 (2025), a CAGR of 36.2% 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.
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 $33,398. 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 85% of market value ($1,393,920 land vs $238,028 improvements), about $120/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,631,948, 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 +36.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,648,183 by 2030, with an estimated annual tax burden around $49,510. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 1,400 SF | ✗ |
| 1ST | 1st Floor | 1,162 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 148 SF | ✗ |
Market value changed by 157% 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% | $15,098.78 | $15,098.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,551.68 | $8,551.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,133.59 | $6,133.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,926.07 | $1,926.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,687.43 | $1,687.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,397.55 | $33,397.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,602,267 | $1,631,948 | -1.8% |
| Assessed Value | $1,602,267 | $1,631,948 | -1.8% |
| Land Value | $1,393,920 | $1,393,920 | +0.0% |
| Improvement Value | $208,347 | $238,028 | -12.5% |
| Taxable Value | $1,602,267 | $1,631,948 | -1.8% |
| Total Tax 2026 = estimate |
~$32,790
Estimated
|
~$33,398
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,602,267 | $1,602,267 | +0 (+0.0%) |
| Taxable Value | $1,602,267 | $1,602,267 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,602,267 | $1,393,920 | $208,347 | — | $1,602,267 | $1,602,267 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,631,948 | $1,393,920 | $238,028 | — | $1,631,948 | $1,631,948 | ~$33,398 | Partial |
| 2024 | $1,568,162 | — | — | −$174,242 | $1,393,920 | $— | $30,757 | Verified |
| 2023 | $610,298 | — | — | — | $1,393,920 ! | $— | $28,372 | Verified |
| 2022 | $484,046 | — | — | −$19,406 | $464,640 | $— | $12,053 | Verified |
| 2021 | $474,269 | — | — | −$67,709 | $406,560 | $— | $10,536 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2025 | +5.2% | +5.2% | ~100% | Not available | Partial |
| 2024 | -1.0% | -1.0% | ~100% | 1.9800% | Verified |
| 2023 | +157.0% ! | +157.0% | ~100% | 1.8100% | Verified |
| 2022 | +26.1% | +26.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +237.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.8% | +37.5% | +36.7% | +157.0% | 2024 | -1.8% | 2026 |
| Assessment Ratio | 100.0% | 116.5% | — | 228.4% | 2023 | 85.7% | 2021 |
| 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 |
$33,398 | $23,023 | ~$42,581 | $33,398 | 2025 | $10,536 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,222,679 | ~$1,795,143 | ~2.0139% | ~$36,153 | +36.2% |
| 2027 | ~$3,027,242 | ~$1,974,657 | ~1.9814% | ~$39,126 | +85.5% |
| 2028 | ~$4,123,040 | ~$2,172,123 | ~1.9488% | ~$42,331 | +152.6% |
| 2029 | ~$5,615,493 | ~$2,389,335 | ~1.9163% | ~$45,787 | +244.1% |
| 2030 | ~$7,648,183 | ~$2,628,269 | ~1.8837% | ~$49,510 | +368.7% |
| 2026 | ~$2,190,040 | ~$1,795,143 | ~2.0465% | ~$36,737 | +34.2% |
| 2027 | ~$2,938,987 | ~$1,974,657 | ~2.0465% | ~$40,411 | +80.1% |
| 2028 | ~$3,944,059 | ~$2,172,123 | ~2.0465% | ~$44,452 | +141.7% |
| 2029 | ~$5,292,844 | ~$2,389,335 | ~2.0465% | ~$48,897 | +224.3% |
| 2030 | ~$7,102,886 | ~$2,628,269 | ~2.0465% | ~$53,787 | +335.2% |
| 2026 | ~$2,255,318 | ~$1,795,143 | ~1.9977% | ~$35,861 | +38.2% |
| 2027 | ~$3,116,802 | ~$1,974,657 | ~1.9488% | ~$38,483 | +91.0% |
| 2028 | ~$4,307,354 | ~$2,172,123 | ~1.9000% | ~$41,271 | +163.9% |
| 2029 | ~$5,952,673 | ~$2,389,335 | ~1.8512% | ~$44,231 | +264.8% |
| 2030 | ~$8,226,469 | ~$2,628,269 | ~1.8024% | ~$47,371 | +404.1% |
In 2025, this property's market value of $1,631,948 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +15% 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 | $1,631,948 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,568,162 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $610,298 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $484,046 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $474,269 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.