1900 ALDRICH ST TX 78722
| Owner | MOLINERO SITE 1 LLC |
|---|---|
| Parcel ID | 0219130803 |
| Short ID | 925068 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 160,000 SF |
| Land SF | 68,198 SF |
| Acres | 1.566 |
| Year Built | 2020 |
| Legal | UNT OFFICE MUELLER TC-4B1-B MASTER CONDOMINIUM PLUS 89.72 % INT IN COM AREA |
| Neighborhood | 50CEN |
| Land | $3,068,909 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,068,909 |
| Improvement | $105,494,015 |
|---|---|
| Total Improvement | $105,494,015 |
| Market | $108,562,924 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $108,562,924 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $108,562,924 |
| Taxable Value | $108,562,924 |
|---|
Appreciation: Market value has risen +4448.3% from $2,386,900 (2021) to $108,562,924 (2025), a CAGR of 159.7% over 4 years. This is strong appreciation — well above typical inflation. 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 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 3% of market value ($3,068,909 land vs $105,494,015 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $108,562,924, 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 +159.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,823,030,236 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 100,000 SF | ✓ |
| 3RD | 3rd Floor | 50,000 SF | ✓ |
| 4TH | 4th Floor | 35,000 SF | ✓ |
| 5TH | 5th Floor | 35,000 SF | ✓ |
| ADDL | Additional Floor | 35,000 SF | ✓ |
| 1ST | 1st Floor | 10,000 SF | ✓ |
Market value changed by 142% in 2022, 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 | $106,750,843 | $108,562,924 | -1.7% |
| Assessed Value | $106,750,843 | $108,562,924 | -1.7% |
| Land Value | $3,068,909 | $3,068,909 | +0.0% |
| Improvement Value | $103,681,934 | $105,494,015 | -1.7% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $106,750,843 | $106,750,843 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $106,750,843 | $3,068,909 | $103,681,934 | — | $106,750,843 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $108,562,924 | $3,068,909 | $105,494,015 | — | $108,562,924 | $— | not in county billing file ⓘ | Partial |
| 2024 | $121,503,061 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $46,591,469 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2022 | $19,234,425 | — | — | −$16,165,516 | $3,068,909 | $— | $45,986 | Verified |
| 2021 | $2,386,900 | — | — | — | $3,068,909 ! | $— | $260,358 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | -19.8% | -19.8% | ~100% | Not available | Partial |
| 2024 | +11.3% | +11.3% | ~100% | No billing data | Verified |
| 2023 | +160.8% ! | +160.8% | ~100% | No billing data | Verified |
| 2022 | +142.2% ! | +142.2% | ~100% | 0.1000% | Verified |
| 2021 | base year | — | ~100% | 10.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +464.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +199.3% | +160.6% | +705.8% | 2022 | -10.7% | 2025 |
| Assessment Ratio | 100.0% | 86.2% | — | 128.6% | 2021 | 16.0% | 2022 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $45,986 | $153,172 | — | $260,358 | 2021 | $45,986 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$281,931,342 | ~$119,419,216 | ~0.0000% | ~$0 | +159.7% |
| 2027 | ~$732,158,630 | ~$131,361,138 | ~0.0000% | ~$0 | +574.4% |
| 2028 | ~$1,901,371,643 | ~$144,497,252 | ~0.0000% | ~$0 | +1651.4% |
| 2029 | ~$4,937,747,064 | ~$158,946,977 | ~0.0000% | ~$0 | +4448.3% |
| 2030 | ~$12,823,030,236 | ~$174,841,675 | ~0.0000% | ~$0 | +11711.6% |
| 2026 | ~$279,760,084 | ~$119,419,216 | ~0.0000% | ~$0 | +157.7% |
| 2027 | ~$720,924,801 | ~$131,361,138 | ~0.0000% | ~$0 | +564.1% |
| 2028 | ~$1,857,779,574 | ~$144,497,252 | ~0.0000% | ~$0 | +1611.2% |
| 2029 | ~$4,787,385,509 | ~$158,946,977 | ~0.0000% | ~$0 | +4309.8% |
| 2030 | ~$12,336,802,669 | ~$174,841,675 | ~0.0000% | ~$0 | +11263.7% |
| 2026 | ~$284,102,601 | ~$119,419,216 | ~0.0000% | ~$0 | +161.7% |
| 2027 | ~$743,479,309 | ~$131,361,138 | ~0.0000% | ~$0 | +584.8% |
| 2028 | ~$1,945,640,347 | ~$144,497,252 | ~0.0000% | ~$0 | +1692.2% |
| 2029 | ~$5,091,623,015 | ~$158,946,977 | ~0.0000% | ~$0 | +4590.0% |
| 2030 | ~$13,324,469,228 | ~$174,841,675 | ~0.0000% | ~$0 | +12173.5% |
In 2025, this property's market value of $108,562,924 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 77× 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 | $108,562,924 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $121,503,061 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $46,591,469 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $19,234,425 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $2,386,900 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | base yr |