8000 CROSS PARK DR AUSTIN, TX 78754
| Owner | SUNRAY HILLS LLC |
|---|---|
| Parcel ID | 0229260113 |
| Short ID | 426058 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 36,033 SF |
| Land SF | 113,692 SF |
| Acres | 2.610 |
| Year Built | 2019 |
| Legal | LOT 1 BLK E WALNUT CREEK BUSINESS PARK PHS A SEC 3 |
| Neighborhood | 35NE1 |
| Land | $1,705,374 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,705,374 |
| Improvement | $5,294,626 |
|---|---|
| Total Improvement | $5,294,626 |
| Market | $7,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,000,000 |
| Taxable Value | $7,000,000 |
|---|
Appreciation: Market value has risen +46.2% from $4,788,000 (2021) to $7,000,000 (2025), a CAGR of 10.0% 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.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $154,188. Manor ISD is the largest single contributor, at 49.1% 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 24% of market value ($1,705,374 land vs $5,294,626 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $7,000,000, 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 +10.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,253,249 by 2030, with an estimated annual tax burden around $210,697. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 12,167 SF | ✓ |
| 3RD | 3rd Floor | 11,975 SF | ✓ |
| 4TH | 4th Floor | 11,975 SF | ✓ |
| 2ND | 2nd Floor | 11,891 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $75,698.00 | $75,698.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $36,681.19 | $36,681.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,309.15 | $26,309.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,261.61 | $8,261.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,238.00 | $7,238.00 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $154,187.95 | $154,187.95 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,694,991 | $7,000,000 | +9.9% |
| Assessed Value | $7,694,991 | $7,000,000 | +9.9% |
| Land Value | $1,705,374 | $1,705,374 | +0.0% |
| Improvement Value | $5,989,617 | $5,294,626 | +13.1% |
| Taxable Value | $7,694,991 | $7,000,000 | +9.9% |
| Total Tax 2026 = estimate |
~$169,496
Estimated
|
~$154,188
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,694,991 | $7,694,991 | +0 (+0.0%) |
| Taxable Value | $7,694,991 | $7,694,991 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,694,991 | $1,705,374 | $5,989,617 | — | $7,694,991 | $7,694,991 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,000,000 | $1,705,374 | $5,294,626 | — | $7,000,000 | $7,000,000 | ~$154,188 | Partial |
| 2024 | $7,735,000 | — | — | −$6,029,626 | $1,705,374 | $— | $166,904 | Verified |
| 2023 | $5,500,000 | — | — | −$4,590,467 | $909,533 | $— | $146,140 | Verified |
| 2022 | $4,330,000 | — | — | −$3,420,467 | $909,533 | $— | $117,010 | Verified |
| 2021 | $4,788,000 | — | — | −$3,878,467 | $909,533 | $— | $98,907 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.9% | +9.9% | ~100% | Not available | Partial |
| 2025 | -11.4% | -11.4% | ~100% | Not available | Partial |
| 2024 | +2.1% | +2.1% | ~100% | 2.1100% | Verified |
| 2023 | +22.4% | +22.4% | ~100% | 1.8900% | Verified |
| 2022 | +46.0% | +46.0% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +61.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.9% | +11.7% | +8.0% | +40.6% | 2024 | -9.6% | 2022 |
| Assessment Ratio | 100.0% | 46.4% | — | 100.0% | 2025 | 16.5% | 2023 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$154,188 | $136,630 | ~$187,066 | $166,904 | 2024 | $98,907 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,697,222 | ~$7,697,222 | ~2.1366% | ~$164,460 | +10.0% |
| 2027 | ~$8,463,890 | ~$8,463,890 | ~2.0705% | ~$175,248 | +20.9% |
| 2028 | ~$9,306,920 | ~$9,306,920 | ~2.0045% | ~$186,554 | +33.0% |
| 2029 | ~$10,233,918 | ~$10,233,918 | ~1.9384% | ~$198,373 | +46.2% |
| 2030 | ~$11,253,249 | ~$11,253,249 | ~1.8723% | ~$210,697 | +60.8% |
| 2026 | ~$7,557,222 | ~$7,557,222 | ~2.2027% | ~$166,462 | +8.0% |
| 2027 | ~$8,158,801 | ~$8,158,801 | ~2.2027% | ~$179,713 | +16.6% |
| 2028 | ~$8,808,267 | ~$8,808,267 | ~2.2027% | ~$194,018 | +25.8% |
| 2029 | ~$9,509,433 | ~$9,509,433 | ~2.2027% | ~$209,463 | +35.8% |
| 2030 | ~$10,266,413 | ~$10,266,413 | ~2.2027% | ~$226,137 | +46.7% |
| 2026 | ~$7,837,222 | ~$7,700,000 | ~2.1036% | ~$161,975 | +12.0% |
| 2027 | ~$8,774,578 | ~$8,470,000 | ~2.0045% | ~$169,778 | +25.4% |
| 2028 | ~$9,824,046 | ~$9,317,000 | ~1.9054% | ~$177,522 | +40.3% |
| 2029 | ~$10,999,032 | ~$10,248,700 | ~1.8062% | ~$185,117 | +57.1% |
| 2030 | ~$12,314,551 | ~$11,273,570 | ~1.7071% | ~$192,455 | +75.9% |
In 2025, this property's market value of $7,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $7,735,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,330,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,788,000 | $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.