8341 CROSS PARK DR TX 78754
| Owner | REHOBOTH BAPTIST CHURCH |
|---|---|
| Parcel ID | 0231230505 |
| Short ID | 232843 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 18,444 SF |
| Land SF | 97,139 SF |
| Acres | 2.230 |
| Year Built | 1989 |
| Legal | LOT 7&8 BLK H WALNUT CREEK BUSINESS PARK PHS A SEC 2 |
| Neighborhood | 52NEA |
| Land | $777,110 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $777,110 |
| Improvement | $1,176,834 |
|---|---|
| Total Improvement | $1,176,834 |
| Market | $1,953,944 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,953,944 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,953,944 |
| Taxable Value | $1,953,944 |
|---|
Appreciation: Market value has risen +6.8% from $1,829,099 (2021) to $1,953,944 (2025), a CAGR of 1.7% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 40% of market value ($777,110 land vs $1,176,834 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~37 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,953,944, 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 +1.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,122,051 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 18,444 SF | ✗ |
| 551 | PAVED AREA | 17,900 SF | ✗ |
| 1ST | 1st Floor | 11,922 SF | ✓ |
| 2ND | 2nd Floor | 6,522 SF | ✓ |
| 501 | CANOPY | 2,361 SF | ✗ |
| 611 | TERRACE | 969 SF | ✗ |
Market value changed by 132% in 2026, 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 | $4,526,276 | $1,953,944 | +131.6% |
| Assessed Value | $4,526,276 | $1,953,944 | +131.6% |
| Land Value | $777,110 | $777,110 | +0.0% |
| Improvement Value | $3,749,166 | $1,176,834 | +218.6% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,526,276 | $4,526,276 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,526,276 | $777,110 | $3,749,166 | — | $4,526,276 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,953,944 | $777,110 | $1,176,834 | — | $1,953,944 | $— | not in county billing file ⓘ | Partial |
| 2024 | $1,738,740 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $1,703,515 | — | — | −$926,405 | $777,110 | $— | $35,398 | Verified |
| 2022 | $1,688,867 | — | — | −$911,757 | $777,110 | $— | $39,697 | Verified |
| 2021 | $1,829,099 | — | — | −$1,051,989 | $777,110 | $— | $41,664 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +131.6% ! | +131.6% | ~100% | Not available | Partial |
| 2025 | -20.5% | -20.5% | ~100% | Not available | Partial |
| 2024 | +41.3% | +41.3% | ~100% | No billing data | Verified |
| 2023 | +2.1% | +2.1% | ~100% | 2.0400% | Verified |
| 2022 | +0.9% | +0.9% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +131.6% | +27.9% | -9.9% | +131.6% | 2026 | -7.7% | 2022 |
| Assessment Ratio | 100.0% | 66.8% | — | 100.0% | 2025 | 42.5% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $35,398 | $38,920 | — | $41,664 | 2021 | $35,398 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,986,465 | ~$1,986,465 | ~0.0000% | ~$0 | +1.7% |
| 2027 | ~$2,019,527 | ~$2,019,527 | ~0.0000% | ~$0 | +3.4% |
| 2028 | ~$2,053,139 | ~$2,053,139 | ~0.0000% | ~$0 | +5.1% |
| 2029 | ~$2,087,310 | ~$2,087,310 | ~0.0000% | ~$0 | +6.8% |
| 2030 | ~$2,122,051 | ~$2,122,051 | ~0.0000% | ~$0 | +8.6% |
| 2026 | ~$1,947,386 | ~$1,947,386 | ~0.0000% | ~$0 | -0.3% |
| 2027 | ~$1,940,850 | ~$1,940,850 | ~0.0000% | ~$0 | -0.7% |
| 2028 | ~$1,934,335 | ~$1,934,335 | ~0.0000% | ~$0 | -1.0% |
| 2029 | ~$1,927,843 | ~$1,927,843 | ~0.0000% | ~$0 | -1.3% |
| 2030 | ~$1,921,372 | ~$1,921,372 | ~0.0000% | ~$0 | -1.7% |
| 2026 | ~$2,025,544 | ~$2,025,544 | ~0.0000% | ~$0 | +3.7% |
| 2027 | ~$2,099,767 | ~$2,099,767 | ~0.0000% | ~$0 | +7.5% |
| 2028 | ~$2,176,710 | ~$2,176,710 | ~0.0000% | ~$0 | +11.4% |
| 2029 | ~$2,256,472 | ~$2,256,472 | ~0.0000% | ~$0 | +15.5% |
| 2030 | ~$2,339,157 | ~$2,339,157 | ~0.0000% | ~$0 | +19.7% |
In 2025, this property's market value of $1,953,944 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +38% 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 | $1,953,944 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,738,740 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,703,515 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,688,867 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,829,099 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | base yr |