11502 PARSONS RD TX 78653
| Owner | SANTA MARIA HOSTEL FOUNDATION |
|---|---|
| Parcel ID | 0226700124 |
| Short ID | 227263 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 10,914 SF |
| Land SF | 694,373 SF |
| Acres | 15.941 |
| Year Built | 1983 |
| Legal | ABS 438 SUR 35 JENNINGS G C ACR 15.9406 |
| Neighborhood | 89ALC |
| Land | $231,139 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $231,139 |
| Improvement | $1,961,488 |
|---|---|
| Total Improvement | $1,961,488 |
| Market | $2,192,627 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,192,627 |
| Value Limitation Adjustment (−) (homestead cap) | −$152,627 |
| Net Appraised (assessed) | $2,040,000 |
| Taxable Value | $2,040,000 |
|---|
Appreciation: Market value has risen +115.8% from $1,016,082 (2021) to $2,192,627 (2025), a CAGR of 21.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family market over the same period.
Assessment Gap: Assessed value ($2,040,000) is $152,627 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 11% of market value ($231,139 land vs $1,961,488 improvements), about $0/SF of land. Most value sits in the improvements, so building condition, age (~43 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,192,627, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +21.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,734,688 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,914 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 5,442 SF | ✗ |
| 881 | COMMCL FINISHOUT | 5,250 SF | ✓ |
| 093 | HVAC COMMRCL SF | 5,230 SF | ✗ |
| 611 | TERRACE | 3,148 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,650 SF | ✗ |
| 501 | CANOPY | 1,758 SF | ✗ |
| 511 | DECK | 1,440 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,201 SF | ✗ |
| 602 | POOL RES CONC | 960 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 675 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 590 SF | ✗ |
| 571C | STORAGE DET COMM | 350 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,198,274 | $2,192,627 | +0.3% |
| Assessed Value | $2,198,274 | $2,040,000 | +7.8% |
| Land Value | $231,087 | $231,139 | -0.0% |
| Improvement Value | $1,967,187 | $1,961,488 | +0.3% |
| Taxable Value | — | $2,040,000 | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,198,274 | $2,198,274 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,198,274 | $231,087 | $1,967,187 | — | $2,198,274 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,192,627 | $231,139 | $1,961,488 | −$152,627 | $2,040,000 | $2,040,000 | not in county billing file ⓘ | Partial |
| 2024 | $1,700,000 | — | — | — | — | $— | $29,497 | Verified |
| 2023 | $1,669,500 | — | — | — | — | $— | $28,700 | Verified |
| 2022 | $1,350,000 | — | — | — | — | $— | $32,849 | Verified |
| 2021 | $1,016,082 | — | — | −$784,943 | $231,139 | $— | $27,351 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +7.8% | ~100% | Not available | Partial |
| 2025 | +29.0% | +20.0% | 93.0% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.7400% | Verified |
| 2023 | +1.8% | +1.8% | ~100% | 1.6900% | Verified |
| 2022 | +23.7% | +23.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +62.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +17.5% | +21.1% | +32.9% | 2022 | +0.3% | 2026 |
| Assessment Ratio | 100.0% | 71.9% | — | 100.0% | 2026 | 22.7% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $29,497 | $29,599 | — | $32,849 | 2022 | $27,351 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,657,503 | ~$2,244,000 | ~0.0000% | ~$0 | +21.2% |
| 2027 | ~$3,220,941 | ~$2,468,400 | ~0.0000% | ~$0 | +46.9% |
| 2028 | ~$3,903,838 | ~$2,715,240 | ~0.0000% | ~$0 | +78.0% |
| 2029 | ~$4,731,521 | ~$2,986,764 | ~0.0000% | ~$0 | +115.8% |
| 2030 | ~$5,734,688 | ~$3,285,440 | ~0.0000% | ~$0 | +161.5% |
| 2026 | ~$2,613,650 | ~$2,244,000 | ~0.0000% | ~$0 | +19.2% |
| 2027 | ~$3,115,518 | ~$2,468,400 | ~0.0000% | ~$0 | +42.1% |
| 2028 | ~$3,713,753 | ~$2,715,240 | ~0.0000% | ~$0 | +69.4% |
| 2029 | ~$4,426,859 | ~$2,986,764 | ~0.0000% | ~$0 | +101.9% |
| 2030 | ~$5,276,895 | ~$3,285,440 | ~0.0000% | ~$0 | +140.7% |
| 2026 | ~$2,701,356 | ~$2,244,000 | ~0.0000% | ~$0 | +23.2% |
| 2027 | ~$3,328,118 | ~$2,468,400 | ~0.0000% | ~$0 | +51.8% |
| 2028 | ~$4,100,301 | ~$2,715,240 | ~0.0000% | ~$0 | +87.0% |
| 2029 | ~$5,051,644 | ~$2,986,764 | ~0.0000% | ~$0 | +130.4% |
| 2030 | ~$6,223,715 | ~$3,285,440 | ~0.0000% | ~$0 | +183.8% |
In 2025, this property's market value of $2,192,627 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $2,192,627 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,669,500 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,350,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,016,082 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |