2001 WHITIS AVE TX 78705
| Owner | BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM |
|---|---|
| Parcel ID | 0212030512 |
| Short ID | 203898 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 105,000 SF |
| Land SF | 39,910 SF |
| Acres | 0.916 |
| Year Built | 1970 |
| Legal | LOT 22-25 OLT 21 DIV D HORSTS LOUIS SUBD |
| Neighborhood | 74DORM |
| Land | $15,963,868 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,963,868 |
| Improvement | $6,399,964 |
|---|---|
| Total Improvement | $6,399,964 |
| Market | $22,363,832 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $22,363,832 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $22,363,832 |
| Taxable Value | $22,363,832 |
|---|
Appreciation: Market value has risen +126.7% from $9,866,824 (2021) to $22,363,832 (2025), a CAGR of 22.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 71% of market value ($15,963,868 land vs $6,399,964 improvements), about $400/SF of land. With value concentrated in the land under a ~56-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 $22,363,832, 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 +22.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $62,195,258 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 35,000 SF | ✓ |
| 2ND | 2nd Floor | 35,000 SF | ✓ |
| 3RD | 3rd Floor | 35,000 SF | ✓ |
| 4TH | 4th Floor | 35,000 SF | ✓ |
| 5TH | 5th Floor | 35,000 SF | ✓ |
| ADDL | Additional Floor | 34,190 SF | ✓ |
| 335 | PENTHOUSE | 810 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
Market value changed by 75% 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 | $53,928,338 | $22,363,832 | +141.1% |
| Assessed Value | $53,928,338 | $22,363,832 | +141.1% |
| Land Value | $15,963,868 | $15,963,868 | +0.0% |
| Improvement Value | $37,964,470 | $6,399,964 | +493.2% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $53,928,338 | $53,928,338 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $53,928,338 | $15,963,868 | $37,964,470 | — | $53,928,338 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $22,363,832 | $15,963,868 | $6,399,964 | — | $22,363,832 | $— | not in county billing file ⓘ | Partial |
| 2024 | $20,399,964 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $11,649,964 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2022 | $11,649,964 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2021 | $9,866,824 | — | — | −$4,616,824 | $5,250,000 | $— | $232,628 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +141.1% ! | +141.1% | ~100% | Not available | Partial |
| 2025 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +75.1% ! | +75.1% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +92.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +141.1% | +48.8% | +8.3% | +141.1% | 2026 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 84.4% | — | 100.0% | 2025 | 53.2% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $232,628 | $232,628 | — | $232,628 | 2021 | $232,628 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$27,440,273 | ~$24,600,215 | ~0.0000% | ~$0 | +22.7% |
| 2027 | ~$33,669,033 | ~$27,060,237 | ~0.0000% | ~$0 | +50.6% |
| 2028 | ~$41,311,679 | ~$29,766,260 | ~0.0000% | ~$0 | +84.7% |
| 2029 | ~$50,689,156 | ~$32,742,886 | ~0.0000% | ~$0 | +126.7% |
| 2030 | ~$62,195,258 | ~$36,017,175 | ~0.0000% | ~$0 | +178.1% |
| 2026 | ~$26,992,997 | ~$24,600,215 | ~0.0000% | ~$0 | +20.7% |
| 2027 | ~$32,580,367 | ~$27,060,237 | ~0.0000% | ~$0 | +45.7% |
| 2028 | ~$39,324,287 | ~$29,766,260 | ~0.0000% | ~$0 | +75.8% |
| 2029 | ~$47,464,153 | ~$32,742,886 | ~0.0000% | ~$0 | +112.2% |
| 2030 | ~$57,288,917 | ~$36,017,175 | ~0.0000% | ~$0 | +156.2% |
| 2026 | ~$27,887,550 | ~$24,600,215 | ~0.0000% | ~$0 | +24.7% |
| 2027 | ~$34,775,589 | ~$27,060,237 | ~0.0000% | ~$0 | +55.5% |
| 2028 | ~$43,364,929 | ~$29,766,260 | ~0.0000% | ~$0 | +93.9% |
| 2029 | ~$54,075,778 | ~$32,742,886 | ~0.0000% | ~$0 | +141.8% |
| 2030 | ~$67,432,135 | ~$36,017,175 | ~0.0000% | ~$0 | +201.5% |
In 2025, this property's market value of $22,363,832 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 16× 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 | $22,363,832 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $20,399,964 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $11,649,964 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $11,649,964 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,866,824 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |