2108 ROBERT DEDMAN ST TX 78712
| Owner | UNIVERSITY OF TEXAS |
|---|---|
| Parcel ID | 0213070106 |
| Short ID | 205216 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 1,348,598 SF |
| Acres | 30.960 |
| Year Built | — |
| Legal | U T CLUB BLK 32-34 *41-43,48-50 DIV C BLK 54-56 *59-61 OLT 24-25 CHRISTIAN AND FELLMAN PLUS ADJ VAC STS & ALLEYS; IMP ONLY ACCT |
| Neighborhood | 96ALL |
| Land | $404,579,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $404,579,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $411,270,532 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $411,270,532 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $411,270,532 |
| Exemptions (−) | −$404,579,400 |
|---|---|
| Taxable Value | $6,691,132 |
| Total Due | $64,942.89 |
|---|---|
| First Delinquent | 2024 |
| Cause # | GN25010339 |
Appreciation: Market value has risen +202.2% from $136,109,801 (2021) to $411,270,532 (2025), a CAGR of 31.8% 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.
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 98% of market value ($404,579,400 land vs $0 improvements), about $300/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 $411,270,532, 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 +31.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,638,420,357 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.
Delinquent Taxes: $64,942.89 in unpaid taxes since 2024. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 28,000 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 205216 | UNIVERSITY OF TEXAS | BLK 32-34 *41-43,48-50 BLK 54-56 * 59-61 PT IN STS OLT 24-25 DIV C CHRISTIAN AND FELLMAN PLUS ADJ VA | $404,579,400 | $404,579,400 | $0 |
| 467346 | UNIVERSITY OF TEXAS | 2108 ROBERT DEDMAN ST 78712 | $7,005,668 | $7,005,668 | $0 |
Market value changed by 99% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $411,585,068 | $411,270,532 | +0.1% |
| Assessed Value | $411,585,068 | $411,270,532 | +0.1% |
| Land Value | $404,579,400 | $404,579,400 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | — | $6,691,132 | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $411,585,068 | $411,585,068 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $411,585,068 | $404,579,400 | — | — | $411,585,068 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $411,270,532 | $404,579,400 | — | — | $411,270,532 | $6,691,132 | not in county billing file ⓘ | Partial |
| 2024 | $1,250,001 | — | — | — | — | $— | $47,978 | Verified |
| 2023 | $1,250,001 | — | — | — | — | $— | $22,616 | Verified |
| 2022 | $1,250,001 | — | — | — | — | $— | $24,687 | Verified |
| 2021 | $136,109,801 | — | — | — | — | $— | $27,209 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.7% | +4.7% | ~100% | Not available | Partial |
| 2025 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2024 | +430.9% ! | +430.9% | ~100% | 0.0100% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 0.0100% | Verified |
| 2022 | -99.1% ! | -99.1% | ~100% | 0.0200% | Verified |
| 2021 | base year | — | ~100% | 0.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -95.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +6540.5% | +31.8% | +32801.6% | 2025 | -99.1% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $47,978 | $30,622 | — | $47,978 | 2024 | $22,616 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$542,234,494 | ~$452,397,585 | ~0.0000% | ~$0 | +31.8% |
| 2027 | ~$714,902,293 | ~$497,637,344 | ~0.0000% | ~$0 | +73.8% |
| 2028 | ~$942,553,995 | ~$547,401,078 | ~0.0000% | ~$0 | +129.2% |
| 2029 | ~$1,242,698,536 | ~$602,141,186 | ~0.0000% | ~$0 | +202.2% |
| 2030 | ~$1,638,420,357 | ~$662,355,304 | ~0.0000% | ~$0 | +298.4% |
| 2026 | ~$534,009,083 | ~$452,397,585 | ~0.0000% | ~$0 | +29.8% |
| 2027 | ~$693,377,421 | ~$497,637,344 | ~0.0000% | ~$0 | +68.6% |
| 2028 | ~$900,307,248 | ~$547,401,078 | ~0.0000% | ~$0 | +118.9% |
| 2029 | ~$1,168,992,697 | ~$602,141,186 | ~0.0000% | ~$0 | +184.2% |
| 2030 | ~$1,517,863,960 | ~$662,355,304 | ~0.0000% | ~$0 | +269.1% |
| 2026 | ~$550,459,904 | ~$452,397,585 | ~0.0000% | ~$0 | +33.8% |
| 2027 | ~$736,756,181 | ~$497,637,344 | ~0.0000% | ~$0 | +79.1% |
| 2028 | ~$986,102,104 | ~$547,401,078 | ~0.0000% | ~$0 | +139.8% |
| 2029 | ~$1,319,836,039 | ~$602,141,186 | ~0.0000% | ~$0 | +220.9% |
| 2030 | ~$1,766,518,054 | ~$662,355,304 | ~0.0000% | ~$0 | +329.5% |
In 2025, this property's market value of $411,270,532 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 290× 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 | $411,270,532 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $1,250,001 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,250,001 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,250,001 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $136,109,801 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |