7700 CHEVY CHASE DR TX 78752
| Owner | OMNINET CHASE PARK LLC |
|---|---|
| Parcel ID | 0232150108 |
| Short ID | 234102 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 41,772 SF |
| Land SF | 131,016 SF |
| Acres | 3.008 |
| Year Built | 1969 |
| Legal | 3.0077 AC OF LOT A CHEVY CHASE CENTER AUSTIN |
| Neighborhood | 51NOR |
| Land | $3,930,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,930,480 |
| Improvement | $1,513,167 |
|---|---|
| Total Improvement | $1,513,167 |
| Market | $5,443,647 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,443,647 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,443,647 |
| Taxable Value | $5,443,647 |
|---|
Appreciation: Market value has fallen -46.7% from $10,210,000 (2021) to $5,443,647 (2025), a CAGR of -14.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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.
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 $111,403. 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 72% of market value ($3,930,480 land vs $1,513,167 improvements), about $30/SF of land. With value concentrated in the land under a ~57-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 $5,443,647, 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 -14.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,480,106 by 2030, with an estimated annual tax burden around $46,719. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 50,625 SF | ✗ |
| 1ST | 1st Floor | 13,924 SF | ✓ |
| 2ND | 2nd Floor | 13,924 SF | ✓ |
| 3RD | 3rd Floor | 13,924 SF | ✓ |
| 4TH | 4th Floor | 13,924 SF | ✓ |
| 5TH | 5th Floor | 13,924 SF | ✓ |
| UBSMT | Unfinished Basement | 3,750 SF | ✓ |
| 335 | PENTHOUSE | 203 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% | $50,364.62 | $50,364.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $28,525.64 | $28,525.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,459.68 | $20,459.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,424.76 | $6,424.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,628.73 | $5,628.73 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $111,403.43 | $111,403.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,551,320 | $5,443,647 | +2.0% |
| Assessed Value | $5,551,320 | $5,443,647 | +2.0% |
| Land Value | $3,930,480 | $3,930,480 | +0.0% |
| Improvement Value | $1,620,840 | $1,513,167 | +7.1% |
| Taxable Value | $5,551,320 | $5,443,647 | +2.0% |
| Total Tax 2026 = estimate |
~$113,607
Estimated
|
~$111,403
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,551,320 | $5,551,320 | +0 (+0.0%) |
| Taxable Value | $5,551,320 | $5,551,320 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,551,320 | $3,930,480 | $1,620,840 | — | $5,551,320 | $5,551,320 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,443,647 | $3,930,480 | $1,513,167 | — | $5,443,647 | $5,443,647 | ~$111,403 | Partial |
| 2024 | $8,929,991 | — | — | −$4,999,511 | $3,930,480 | $— | $117,447 | Verified |
| 2023 | $9,282,071 | — | — | −$6,006,671 | $3,275,400 | $— | $161,566 | Verified |
| 2022 | $9,730,000 | — | — | −$6,454,600 | $3,275,400 | $— | $183,314 | Verified |
| 2021 | $10,210,000 | — | — | −$7,589,680 | $2,620,320 | $— | $200,416 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.0% | +2.0% | ~100% | Not available | Partial |
| 2025 | -25.5% | -25.5% | ~100% | Not available | Partial |
| 2024 | -18.2% | -18.2% | ~100% | 1.6100% | Verified |
| 2023 | -3.8% | -3.8% | ~100% | 1.8100% | Verified |
| 2022 | -4.6% | -4.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -44.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.0% | -10.0% | -14.9% | +2.0% | 2026 | -39.0% | 2025 |
| Assessment Ratio | 100.0% | 56.4% | — | 100.0% | 2025 | 25.7% | 2021 |
| 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 |
$111,403 | $154,829 | ~$68,194 | $200,416 | 2021 | $111,403 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,651,639 | ~$4,651,639 | ~2.0139% | ~$93,681 | -14.5% |
| 2027 | ~$3,974,862 | ~$3,974,862 | ~1.9814% | ~$78,757 | -27.0% |
| 2028 | ~$3,396,551 | ~$3,396,551 | ~1.9488% | ~$66,193 | -37.6% |
| 2029 | ~$2,902,379 | ~$2,902,379 | ~1.9163% | ~$55,618 | -46.7% |
| 2030 | ~$2,480,106 | ~$2,480,106 | ~1.8837% | ~$46,719 | -54.4% |
| 2026 | ~$5,171,465 | ~$5,171,465 | ~2.0465% | ~$105,833 | -5.0% |
| 2027 | ~$4,912,891 | ~$4,912,891 | ~2.0465% | ~$100,542 | -9.8% |
| 2028 | ~$4,667,247 | ~$4,667,247 | ~2.0465% | ~$95,515 | -14.3% |
| 2029 | ~$4,433,885 | ~$4,433,885 | ~2.0465% | ~$90,739 | -18.5% |
| 2030 | ~$4,212,190 | ~$4,212,190 | ~2.0465% | ~$86,202 | -22.6% |
| 2026 | ~$4,760,512 | ~$4,760,512 | ~1.9977% | ~$95,099 | -12.5% |
| 2027 | ~$4,163,105 | ~$4,163,105 | ~1.9488% | ~$81,132 | -23.5% |
| 2028 | ~$3,640,668 | ~$3,640,668 | ~1.9000% | ~$69,173 | -33.1% |
| 2029 | ~$3,183,793 | ~$3,183,793 | ~1.8512% | ~$58,938 | -41.5% |
| 2030 | ~$2,784,252 | ~$2,784,252 | ~1.8024% | ~$50,183 | -48.9% |
In 2025, this property's market value of $5,443,647 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,443,647 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,929,991 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,282,071 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,730,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,210,000 | $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.