2901 MEDICAL ARTS ST TX 78705
| Owner | BEVO PLAZA LP |
|---|---|
| Parcel ID | 0214070622 |
| Short ID | 206937 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,570 SF |
| Land SF | 24,306 SF |
| Acres | 0.558 |
| Year Built | 1965 |
| Legal | BLK 2 & PARKING AREA MEDICAL ARTS SQUARE |
| Neighborhood | 30CEN |
| Land | $3,645,972 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,645,972 |
| Improvement | $81,379 |
|---|---|
| Total Improvement | $81,379 |
| Market | $3,727,351 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,727,351 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,727,351 |
| Taxable Value | $3,727,351 |
|---|
Appreciation: Market value has fallen -6.0% from $3,964,450 (2021) to $3,727,351 (2025), a CAGR of -1.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 lagged 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 $76,280. 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 98% of market value ($3,645,972 land vs $81,379 improvements), about $150/SF of land. With value concentrated in the land under a ~61-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 $3,727,351, 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 -1.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,450,817 by 2030, with an estimated annual tax burden around $65,005. 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 | 13,920 SF | ✗ |
| 1ST | 1st Floor | 8,570 SF | ✓ |
| 501 | CANOPY | 2,060 SF | ✗ |
| 611 | TERRACE | 2,060 SF | ✗ |
| 581C | STORAGE ATT COMM | 126 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $34,485.45 | $34,485.45 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,531.95 | $19,531.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,009.06 | $14,009.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,399.13 | $4,399.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,854.08 | $3,854.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $76,279.67 | $76,279.67 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,705,013 | $3,727,351 | -0.6% |
| Assessed Value | $3,705,013 | $3,727,351 | -0.6% |
| Land Value | $3,645,972 | $3,645,972 | +0.0% |
| Improvement Value | $59,041 | $81,379 | -27.4% |
| Taxable Value | $3,705,013 | $3,727,351 | -0.6% |
| Total Tax 2026 = estimate |
~$75,823
Estimated
|
~$76,280
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,035,887 | $3,705,013 | -330,874 (-8.2%) |
| Taxable Value | $4,035,887 | $3,705,013 | -330,874 (-8.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,705,013 | $3,645,972 | $59,041 | — | $3,705,013 | $3,705,013 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,727,351 | $3,645,972 | $81,379 | — | $3,727,351 | $3,727,351 | ~$76,280 | Partial |
| 2024 | $3,761,000 | — | — | −$115,028 | $3,645,972 | $— | $74,384 | Verified |
| 2023 | $3,417,650 | — | — | — | $3,645,972 ! | $— | $68,046 | Verified |
| 2022 | $3,613,984 | — | — | −$1,426,401 | $2,187,583 | $— | $67,496 | Verified |
| 2021 | $3,964,450 | — | — | −$1,776,867 | $2,187,583 | $— | $78,665 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.3% | +8.3% | ~100% | Not available | Partial |
| 2025 | -0.7% | -0.7% | ~100% | Not available | Partial |
| 2024 | -0.2% | -0.2% | ~100% | 1.9800% | Verified |
| 2023 | +10.0% | +10.0% | ~100% | 1.8100% | Verified |
| 2022 | -5.4% | -5.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.6% | -1.1% | -1.4% | +10.0% | 2024 | -8.8% | 2022 |
| Assessment Ratio | 100.0% | 86.5% | — | 106.7% | 2023 | 55.2% | 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 |
$76,280 | $72,974 | ~$69,409 | $78,665 | 2021 | $67,496 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,670,326 | ~$3,670,326 | ~2.0139% | ~$73,918 | -1.5% |
| 2027 | ~$3,614,173 | ~$3,614,173 | ~1.9814% | ~$71,611 | -3.0% |
| 2028 | ~$3,558,880 | ~$3,558,880 | ~1.9488% | ~$69,357 | -4.5% |
| 2029 | ~$3,504,432 | ~$3,504,432 | ~1.9163% | ~$67,155 | -6.0% |
| 2030 | ~$3,450,817 | ~$3,450,817 | ~1.8837% | ~$65,005 | -7.4% |
| 2026 | ~$3,595,779 | ~$3,595,779 | ~2.0465% | ~$73,587 | -3.5% |
| 2027 | ~$3,468,851 | ~$3,468,851 | ~2.0465% | ~$70,990 | -6.9% |
| 2028 | ~$3,346,404 | ~$3,346,404 | ~2.0465% | ~$68,484 | -10.2% |
| 2029 | ~$3,228,279 | ~$3,228,279 | ~2.0465% | ~$66,066 | -13.4% |
| 2030 | ~$3,114,323 | ~$3,114,323 | ~2.0465% | ~$63,734 | -16.4% |
| 2026 | ~$3,744,873 | ~$3,744,873 | ~1.9977% | ~$74,810 | +0.5% |
| 2027 | ~$3,762,477 | ~$3,762,477 | ~1.9488% | ~$73,325 | +0.9% |
| 2028 | ~$3,780,164 | ~$3,780,164 | ~1.9000% | ~$71,824 | +1.4% |
| 2029 | ~$3,797,934 | ~$3,797,934 | ~1.8512% | ~$70,307 | +1.9% |
| 2030 | ~$3,815,788 | ~$3,815,788 | ~1.8024% | ~$68,775 | +2.4% |
In 2025, this property's market value of $3,727,351 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +163% 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 | $3,727,351 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,761,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,417,650 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,613,984 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,964,450 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.