3000 N INTERSTATE HY 35 1 TX 78722
| Owner | MEDICAL MIDTOWN MOB LP (LESSEE) |
|---|---|
| Parcel ID | 0214071402 |
| Short ID | 813559 |
| Type | Real |
| Use Code | 55 Medical Office (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 81,890 SF |
| Land SF | 29,899 SF |
| Acres | 0.686 |
| Year Built | 2008 |
| Legal | UNT 1 MEDICAL MIDTOWN OFFICE CONDOMINIUM PLUS 50.0 % INT IN COM AREA (LAND LEASE) (LAND LEASE) |
| Neighborhood | 55CEN |
| Land | $5,979,734 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,979,734 |
| Improvement | $15,840,046 |
|---|---|
| Total Improvement | $15,840,046 |
| Market | $21,819,780 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $21,819,780 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $21,819,780 |
| Taxable Value | $21,819,780 |
|---|
Appreciation: Market value has fallen -16.1% from $26,008,300 (2021) to $21,819,780 (2025), a CAGR of -4.3% over 4 years. Growth has been relatively flat for this asset class. 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 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 $446,539. 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 27% of market value ($5,979,734 land vs $15,840,046 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $21,819,780, 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 -4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,519,567 by 2030, with an estimated annual tax burden around $330,024. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 27,297 SF | ✓ |
| 3RD | 3rd Floor | 27,297 SF | ✓ |
| 2ND | 2nd Floor | 27,296 SF | ✓ |
| 276 | ELEVATOR COM PAS | 3 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% | $201,876.60 | $201,876.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $114,339.36 | $114,339.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $82,008.55 | $82,008.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $25,752.36 | $25,752.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $22,561.65 | $22,561.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $446,538.52 | $446,538.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,581,075 | $21,819,780 | -1.1% |
| Assessed Value | $21,581,075 | $21,819,780 | -1.1% |
| Land Value | $5,979,734 | $5,979,734 | +0.0% |
| Improvement Value | $15,601,341 | $15,840,046 | -1.5% |
| Taxable Value | $21,581,075 | $21,819,780 | -1.1% |
| Total Tax 2026 = estimate |
~$441,653
Estimated
|
~$446,539
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $21,581,075 | $21,581,075 | +0 (+0.0%) |
| Taxable Value | $21,581,075 | $21,581,075 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,581,075 | $5,979,734 | $15,601,341 | — | $21,581,075 | $21,581,075 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $21,819,780 | $5,979,734 | $15,840,046 | — | $21,819,780 | $21,819,780 | ~$446,539 | Partial |
| 2024 | $26,500,000 | — | — | −$20,520,266 | $5,979,734 | $— | $472,150 | Verified |
| 2023 | $26,800,000 | — | — | −$20,820,266 | $5,979,734 | $— | $481,040 | Verified |
| 2022 | $24,731,445 | — | — | −$24,133,472 | $597,973 | $— | $534,822 | Verified |
| 2021 | $26,008,300 | — | — | −$25,410,327 | $597,973 | $— | $538,324 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2025 | -8.4% | -8.4% | ~100% | Not available | Partial |
| 2024 | -15.3% | -15.3% | ~100% | 1.9800% | Verified |
| 2023 | -13.3% | -13.3% | ~100% | 1.7100% | Verified |
| 2022 | +31.1% | +31.1% | ~100% | 1.6500% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -11.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.1% | -3.3% | -4.1% | +8.4% | 2023 | -17.7% | 2025 |
| Assessment Ratio | 100.0% | 41.6% | — | 100.0% | 2025 | 2.3% | 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 |
$446,539 | $494,575 | ~$374,027 | $538,324 | 2021 | $446,539 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$20,882,619 | ~$20,882,619 | ~2.0139% | ~$420,563 | -4.3% |
| 2027 | ~$19,985,709 | ~$19,985,709 | ~1.9814% | ~$395,994 | -8.4% |
| 2028 | ~$19,127,322 | ~$19,127,322 | ~1.9488% | ~$372,761 | -12.3% |
| 2029 | ~$18,305,802 | ~$18,305,802 | ~1.9163% | ~$350,792 | -16.1% |
| 2030 | ~$17,519,567 | ~$17,519,567 | ~1.8837% | ~$330,024 | -19.7% |
| 2026 | ~$20,728,791 | ~$20,728,791 | ~2.0465% | ~$424,212 | -5.0% |
| 2027 | ~$19,692,351 | ~$19,692,351 | ~2.0465% | ~$403,001 | -9.8% |
| 2028 | ~$18,707,734 | ~$18,707,734 | ~2.0465% | ~$382,851 | -14.3% |
| 2029 | ~$17,772,347 | ~$17,772,347 | ~2.0465% | ~$363,708 | -18.5% |
| 2030 | ~$16,883,730 | ~$16,883,730 | ~2.0465% | ~$345,523 | -22.6% |
| 2026 | ~$21,319,015 | ~$21,319,015 | ~1.9977% | ~$425,882 | -2.3% |
| 2027 | ~$20,829,742 | ~$20,829,742 | ~1.9488% | ~$405,938 | -4.5% |
| 2028 | ~$20,351,698 | ~$20,351,698 | ~1.9000% | ~$386,686 | -6.7% |
| 2029 | ~$19,884,626 | ~$19,884,626 | ~1.8512% | ~$368,103 | -8.9% |
| 2030 | ~$19,428,272 | ~$19,428,272 | ~1.8024% | ~$350,170 | -11.0% |
In 2025, this property's market value of $21,819,780 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 15× 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 | $21,819,780 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $26,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $26,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $24,731,445 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $26,008,300 | $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.