1700 SIMOND AVE TX 78722
| Owner | MOLINERO SITE 2 LLC |
|---|---|
| Parcel ID | 0219130404 |
| Short ID | 923227 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 120,999 SF |
| Land SF | 105,502 SF |
| Acres | 2.422 |
| Year Built | 2022 |
| Legal | LOT 3 MUELLER SEC 2C-4 SUBD |
| Neighborhood | 1EA2 |
| Land | $4,747,604 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,747,604 |
| Improvement | $122,515,154 |
|---|---|
| Total Improvement | $122,515,154 |
| Market | $127,262,758 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $127,262,758 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $127,262,758 |
| Taxable Value | $127,262,758 |
|---|
Appreciation: Market value has risen +3346.4% from $3,692,581 (2021) to $127,262,758 (2025), a CAGR of 142.3% 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 Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant market over the same period.
Asset Class: Land / Vacant. 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 4% of market value ($4,747,604 land vs $122,515,154 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $127,262,758, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +142.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,627,116,856 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 277,000 SF | ✓ |
| 1ST | 1st Floor | 40,333 SF | ✓ |
| 2ND | 2nd Floor | 40,333 SF | ✓ |
| 3RD | 3rd Floor | 40,333 SF | ✓ |
| 4TH | 4th Floor | 40,333 SF | ✓ |
| 5TH | 5th Floor | 40,333 SF | ✓ |
| ADDL | Additional Floor | 40,333 SF | ✓ |
Market value changed by 482% 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 | $125,138,548 | $127,262,758 | -1.7% |
| Assessed Value | $125,138,548 | $127,262,758 | -1.7% |
| Land Value | $4,747,604 | $4,747,604 | +0.0% |
| Improvement Value | $120,390,944 | $122,515,154 | -1.7% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $125,138,548 | $125,138,548 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $125,138,548 | $4,747,604 | $120,390,944 | — | $125,138,548 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $127,262,758 | $4,747,604 | $122,515,154 | — | $127,262,758 | $— | not in county billing file ⓘ | Partial |
| 2024 | $27,647,306 | — | — | — | — | $— | $542,985 | Verified |
| 2023 | $— | — | — | — | $4,747,604 | $— | $500,208 | Verified |
| 2022 | $— | — | — | — | $4,747,604 | $— | $79,735 | Verified |
| 2021 | $3,692,581 | — | — | −$580,272 | $3,112,309 | $— | $67,745 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | +13.2% | +13.2% | ~100% | Not available | Partial |
| 2024 | +306.6% ! | +306.6% | ~100% | 0.4800% | Verified |
| 2023 | +482.3% ! | +482.3% | ~100% | 1.8100% | Verified |
| 2022 | +52.5% | +52.5% | ~100% | 1.6800% | Verified |
| 2021 | base year | — | ~100% | 1.8300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3989.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +335.8% | +143.1% | +648.7% | 2024 | -1.7% | 2026 |
| Assessment Ratio | 100.0% | 94.8% | — | 100.0% | 2025 | 84.3% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $542,985 | $305,365 | — | $542,985 | 2024 | $67,745 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$308,350,144 | ~$308,350,144 | ~0.0000% | ~$0 | +142.3% |
| 2027 | ~$747,114,183 | ~$747,114,183 | ~0.0000% | ~$0 | +487.1% |
| 2028 | ~$1,810,213,528 | ~$1,810,213,528 | ~0.0000% | ~$0 | +1322.4% |
| 2029 | ~$4,386,040,435 | ~$4,386,040,435 | ~0.0000% | ~$0 | +3346.4% |
| 2030 | ~$10,627,116,856 | ~$10,627,116,856 | ~0.0000% | ~$0 | +8250.5% |
| 2026 | ~$305,804,889 | ~$305,804,889 | ~0.0000% | ~$0 | +140.3% |
| 2027 | ~$734,831,082 | ~$734,831,082 | ~0.0000% | ~$0 | +477.4% |
| 2028 | ~$1,765,755,679 | ~$1,765,755,679 | ~0.0000% | ~$0 | +1287.5% |
| 2029 | ~$4,243,006,580 | ~$4,243,006,580 | ~0.0000% | ~$0 | +3234.1% |
| 2030 | ~$10,195,694,144 | ~$10,195,694,144 | ~0.0000% | ~$0 | +7911.5% |
| 2026 | ~$310,895,399 | ~$310,895,399 | ~0.0000% | ~$0 | +144.3% |
| 2027 | ~$759,499,094 | ~$759,499,094 | ~0.0000% | ~$0 | +496.8% |
| 2028 | ~$1,855,411,417 | ~$1,855,411,417 | ~0.0000% | ~$0 | +1357.9% |
| 2029 | ~$4,532,660,478 | ~$4,532,660,478 | ~0.0000% | ~$0 | +3461.7% |
| 2030 | ~$11,073,021,770 | ~$11,073,021,770 | ~0.0000% | ~$0 | +8600.9% |
In 2025, this property's market value of $127,262,758 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 1497× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $127,262,758 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $27,647,306 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $3,692,581 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |