3913 MEDICAL PKWY TX 78756
| Owner | BLUEBONNET GROUP & ASSOCIATES LLC |
|---|---|
| Parcel ID | 0221021301 |
| Short ID | 217842 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,999 SF |
| Land SF | 21,619 SF |
| Acres | 0.496 |
| Year Built | 1973 |
| Legal | LOT 1 & S 49.67FT OF LOT 2 BLK 6 SEIDERS H B SUBD |
| Neighborhood | 53CEN |
| Land | $1,945,710 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,945,710 |
| Improvement | $526,290 |
|---|---|
| Total Improvement | $526,290 |
| Market | $2,472,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,472,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,472,000 |
| Taxable Value | $2,472,000 |
|---|
Appreciation: Market value has risen +47.1% from $1,680,100 (2021) to $2,472,000 (2025), a CAGR of 10.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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.
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 $50,589. 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 79% of market value ($1,945,710 land vs $526,290 improvements), about $90/SF of land. With value concentrated in the land under a ~53-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 $2,472,000, this parcel sits in the upper-middle (50th–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 +10.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,005,808 by 2030, with an estimated annual tax burden around $74,995. 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 | 12,260 SF | ✗ |
| 1ST | 1st Floor | 5,263 SF | ✓ |
| 2ND | 2nd Floor | 2,736 SF | ✓ |
| 501 | CANOPY | 228 SF | ✗ |
| 413 | STAIRWAY EXT | 1 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% | $22,870.94 | $22,870.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,953.70 | $12,953.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,290.89 | $9,290.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,917.53 | $2,917.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,556.05 | $2,556.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $50,589.11 | $50,589.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,174,921 | $2,472,000 | +28.4% |
| Assessed Value | $2,966,400 | $2,472,000 | +20.0% |
| Land Value | $1,945,710 | $1,945,710 | +0.0% |
| Improvement Value | $1,229,211 | $526,290 | +133.6% |
| Taxable Value | $2,966,400 | $2,472,000 | +20.0% |
| HS Cap Loss | -$208,521 | — | |
| Total Tax 2026 = estimate |
~$60,707
Estimated
|
~$50,589
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,174,921 | $3,174,921 | +0 (+0.0%) |
| Taxable Value | $2,966,400 | $2,966,400 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,174,921 | $1,945,710 | $1,229,211 | −$208,521 | $2,966,400 | $2,966,400 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,472,000 | $1,945,710 | $526,290 | — | $2,472,000 | $2,472,000 | ~$50,589 | Partial |
| 2024 | $2,472,000 | — | — | −$526,290 | $1,945,710 | $— | $48,990 | Verified |
| 2023 | $2,400,000 | — | — | −$454,290 | $1,945,710 | $— | $44,725 | Verified |
| 2022 | $2,100,000 | — | — | −$154,290 | $1,945,710 | $— | $47,398 | Verified |
| 2021 | $1,680,100 | — | — | — | $1,945,710 ! | $— | $45,710 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +28.4% | +20.0% | 93.4% | Not available | Partial |
| 2025 | -11.3% | -11.3% | ~100% | Not available | Partial |
| 2024 | -18.1% | -18.1% | ~100% | 1.7600% | Verified |
| 2023 | +8.1% | +8.1% | ~100% | 1.3100% | Verified |
| 2022 | +7.3% | +7.3% | ~100% | 1.5100% | Verified |
| 2021 | base year | — | ~100% | 2.7200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -15.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +28.4% | +14.1% | +5.3% | +28.4% | 2026 | +0.0% | 2025 |
| Assessment Ratio | 93.4% | 93.6% | — | 115.8% | 2021 | 78.7% | 2024 |
| 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 |
$50,589 | $47,483 | ~$64,500 | $50,589 | 2025 | $44,725 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,722,556 | ~$2,719,200 | ~2.0139% | ~$54,763 | +10.1% |
| 2027 | ~$2,998,507 | ~$2,991,120 | ~1.9814% | ~$59,266 | +21.3% |
| 2028 | ~$3,302,429 | ~$3,290,232 | ~1.9488% | ~$64,121 | +33.6% |
| 2029 | ~$3,637,155 | ~$3,619,255 | ~1.9163% | ~$69,355 | +47.1% |
| 2030 | ~$4,005,808 | ~$3,981,181 | ~1.8837% | ~$74,995 | +62.0% |
| 2026 | ~$2,673,116 | ~$2,673,116 | ~2.0465% | ~$54,705 | +8.1% |
| 2027 | ~$2,890,594 | ~$2,890,594 | ~2.0465% | ~$59,156 | +16.9% |
| 2028 | ~$3,125,766 | ~$3,125,766 | ~2.0465% | ~$63,968 | +26.4% |
| 2029 | ~$3,380,070 | ~$3,380,070 | ~2.0465% | ~$69,173 | +36.7% |
| 2030 | ~$3,655,065 | ~$3,655,065 | ~2.0465% | ~$74,800 | +47.9% |
| 2026 | ~$2,771,996 | ~$2,719,200 | ~1.9977% | ~$54,320 | +12.1% |
| 2027 | ~$3,108,398 | ~$2,991,120 | ~1.9488% | ~$58,292 | +25.7% |
| 2028 | ~$3,485,626 | ~$3,290,232 | ~1.9000% | ~$62,515 | +41.0% |
| 2029 | ~$3,908,633 | ~$3,619,255 | ~1.8512% | ~$66,999 | +58.1% |
| 2030 | ~$4,382,975 | ~$3,981,181 | ~1.8024% | ~$71,756 | +77.3% |
In 2025, this property's market value of $2,472,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +74% 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 | $2,472,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,472,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,400,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,100,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,680,100 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.