1905 ALDRICH ST TX 78723
| Owner | 1905 ALDRICH LP |
|---|---|
| Parcel ID | 0217131001 |
| Short ID | 820878 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 54,537 SF |
| Land SF | 25,011 SF |
| Acres | 0.574 |
| Year Built | 2017 |
| Legal | LOT 1 BLK 27 MUELLER SEC IIB SUBD |
| Neighborhood | 51EAS |
| Land | $1,188,024 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,188,024 |
| Improvement | $15,414,018 |
|---|---|
| Total Improvement | $15,414,018 |
| Market | $16,602,042 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $16,602,042 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $16,602,042 |
| Taxable Value | $16,602,042 |
|---|
Appreciation: Market value has fallen -31.6% from $24,263,022 (2021) to $16,602,042 (2025), a CAGR of -9.0% over 4 years. Growth has been relatively flat for this asset class. 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 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 $339,758. 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 7% of market value ($1,188,024 land vs $15,414,018 improvements), about $48/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $16,602,042, 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 -9.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,331,950 by 2030, with an estimated annual tax burden around $194,627. 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 |
|---|---|---|---|
| 2ND | 2nd Floor | 19,546 SF | ✓ |
| 1ST | 1st Floor | 19,067 SF | ✓ |
| 3RD | 3rd Floor | 15,924 SF | ✓ |
| 501 | CANOPY | 10,582 SF | ✗ |
| 611 | TERRACE | 1,821 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% | $153,602.09 | $153,602.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $86,997.52 | $86,997.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $62,397.94 | $62,397.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $19,594.23 | $19,594.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $17,166.51 | $17,166.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $339,758.29 | $339,758.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,960,088 | $16,602,042 | +2.2% |
| Assessed Value | $16,960,088 | $16,602,042 | +2.2% |
| Land Value | $1,188,024 | $1,188,024 | +0.0% |
| Improvement Value | $15,772,064 | $15,414,018 | +2.3% |
| Taxable Value | $16,960,088 | $16,602,042 | +2.2% |
| Total Tax 2026 = estimate |
~$347,086
Estimated
|
~$339,758
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,960,088 | $16,960,088 | +0 (+0.0%) |
| Taxable Value | $16,960,088 | $16,960,088 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,960,088 | $1,188,024 | $15,772,064 | — | $16,960,088 | $16,960,088 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $16,602,042 | $1,188,024 | $15,414,018 | — | $16,602,042 | $16,602,042 | ~$339,758 | Partial |
| 2024 | $21,110,528 | — | — | −$19,922,504 | $1,188,024 | $— | $417,233 | Verified |
| 2023 | $27,380,000 | — | — | −$26,191,976 | $1,188,024 | $— | $381,942 | Verified |
| 2022 | $23,000,000 | — | — | −$21,811,976 | $1,188,024 | $— | $540,734 | Verified |
| 2021 | $24,263,022 | — | — | −$23,193,801 | $1,069,221 | $— | $500,636 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | -21.1% | -21.1% | ~100% | Not available | Partial |
| 2024 | -0.3% | -0.3% | ~100% | 1.9800% | Verified |
| 2023 | -22.9% | -22.9% | ~100% | 1.8100% | Verified |
| 2022 | +19.0% | +19.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -27.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.2% | -5.7% | -9.4% | +19.0% | 2023 | -22.9% | 2024 |
| Assessment Ratio | 100.0% | 36.6% | — | 100.0% | 2025 | 4.3% | 2023 |
| 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 |
$339,758 | $436,061 | ~$246,388 | $540,734 | 2022 | $339,758 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,099,608 | ~$15,099,608 | ~2.0139% | ~$304,097 | -9.0% |
| 2027 | ~$13,733,139 | ~$13,733,139 | ~1.9814% | ~$272,107 | -17.3% |
| 2028 | ~$12,490,332 | ~$12,490,332 | ~1.9488% | ~$243,417 | -24.8% |
| 2029 | ~$11,359,995 | ~$11,359,995 | ~1.9163% | ~$217,691 | -31.6% |
| 2030 | ~$10,331,950 | ~$10,331,950 | ~1.8837% | ~$194,627 | -37.8% |
| 2026 | ~$15,771,940 | ~$15,771,940 | ~2.0465% | ~$322,770 | -5.0% |
| 2027 | ~$14,983,343 | ~$14,983,343 | ~2.0465% | ~$306,632 | -9.7% |
| 2028 | ~$14,234,176 | ~$14,234,176 | ~2.0465% | ~$291,300 | -14.3% |
| 2029 | ~$13,522,467 | ~$13,522,467 | ~2.0465% | ~$276,735 | -18.5% |
| 2030 | ~$12,846,344 | ~$12,846,344 | ~2.0465% | ~$262,899 | -22.6% |
| 2026 | ~$15,431,648 | ~$15,431,648 | ~1.9977% | ~$308,272 | -7.0% |
| 2027 | ~$14,343,764 | ~$14,343,764 | ~1.9488% | ~$279,537 | -13.6% |
| 2028 | ~$13,332,572 | ~$13,332,572 | ~1.9000% | ~$253,321 | -19.7% |
| 2029 | ~$12,392,666 | ~$12,392,666 | ~1.8512% | ~$229,412 | -25.4% |
| 2030 | ~$11,519,021 | ~$11,519,021 | ~1.8024% | ~$207,616 | -30.6% |
In 2025, this property's market value of $16,602,042 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 12× 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 | $16,602,042 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $21,110,528 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $27,380,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $23,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $24,263,022 | $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.