7715 CHEVY CHASE DR TX 78752
| Owner | OMNINET CHASE PARK LLC |
|---|---|
| Parcel ID | 0232150114 |
| Short ID | 234106 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 51,396 SF |
| Land SF | 145,220 SF |
| Acres | 3.334 |
| Year Built | 1973 |
| Legal | LOT 2-D RESUB OF LOT D CHEVY CHASE CENTER AUSTIN |
| Neighborhood | 51NOR |
| Land | $2,178,305 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,178,305 |
| Improvement | $746,173 |
|---|---|
| Total Improvement | $746,173 |
| Market | $2,924,478 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,924,478 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,924,478 |
| Taxable Value | $2,924,478 |
|---|
Appreciation: Market value has fallen -65.6% from $8,500,000 (2021) to $2,924,478 (2025), a CAGR of -23.4% 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 $59,849. 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 74% of market value ($2,178,305 land vs $746,173 improvements), about $15/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 $2,924,478, 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 -23.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $770,611 by 2030, with an estimated annual tax burden around $14,516. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 42,435 SF | ✗ |
| 1ST | 1st Floor | 27,000 SF | ✓ |
| 2ND | 2nd Floor | 24,396 SF | ✓ |
| 501 | CANOPY | 7,480 SF | ✗ |
| 022 | PORCH CLOS 2ND F | 847 SF | ✓ |
| 482 | LIGHT POLES | 6 SF | ✓ |
| 521 | FIREPLACE | 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% | $27,057.27 | $27,057.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,324.76 | $15,324.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,991.50 | $10,991.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,451.56 | $3,451.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,023.91 | $3,023.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $59,849.00 | $59,849.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,924,478 | $2,924,478 | +0.0% |
| Assessed Value | $2,924,478 | $2,924,478 | +0.0% |
| Land Value | $2,178,305 | $2,178,305 | +0.0% |
| Improvement Value | $746,173 | $746,173 | +0.0% |
| Taxable Value | $2,924,478 | $2,924,478 | +0.0% |
| Total Tax 2026 = estimate |
~$59,849
Estimated
|
~$59,849
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,924,478 | $2,924,478 | +0 (+0.0%) |
| Taxable Value | $2,924,478 | $2,924,478 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,924,478 | $2,178,305 | $746,173 | — | $2,924,478 | $2,924,478 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,924,478 | $2,178,305 | $746,173 | — | $2,924,478 | $2,924,478 | ~$59,849 | Partial |
| 2024 | $7,301,951 | — | — | −$5,123,646 | $2,178,305 | $— | $96,024 | Verified |
| 2023 | $8,037,402 | — | — | −$5,859,097 | $2,178,305 | $— | $132,110 | Verified |
| 2022 | $8,350,000 | — | — | −$6,171,695 | $2,178,305 | $— | $158,733 | Verified |
| 2021 | $8,500,000 | — | — | −$6,321,695 | $2,178,305 | $— | $171,994 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -51.0% | -51.0% | ~100% | Not available | Partial |
| 2024 | -18.2% | -18.2% | ~100% | 1.6100% | Verified |
| 2023 | -9.2% | -9.2% | ~100% | 1.8100% | Verified |
| 2022 | -3.7% | -3.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -65.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -14.9% | -23.4% | +0.0% | 2026 | -59.9% | 2025 |
| Assessment Ratio | 100.0% | 51.4% | — | 100.0% | 2025 | 25.6% | 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 |
$59,849 | $123,742 | ~$27,699 | $171,994 | 2021 | $59,849 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,239,782 | ~$2,239,782 | ~2.0139% | ~$45,108 | -23.4% |
| 2027 | ~$1,715,391 | ~$1,715,391 | ~1.9814% | ~$33,989 | -41.3% |
| 2028 | ~$1,313,773 | ~$1,313,773 | ~1.9488% | ~$25,603 | -55.1% |
| 2029 | ~$1,006,185 | ~$1,006,185 | ~1.9163% | ~$19,281 | -65.6% |
| 2030 | ~$770,611 | ~$770,611 | ~1.8837% | ~$14,516 | -73.6% |
| 2026 | ~$2,778,254 | ~$2,778,254 | ~2.0465% | ~$56,857 | -5.0% |
| 2027 | ~$2,639,341 | ~$2,639,341 | ~2.0465% | ~$54,014 | -9.8% |
| 2028 | ~$2,507,374 | ~$2,507,374 | ~2.0465% | ~$51,313 | -14.3% |
| 2029 | ~$2,382,006 | ~$2,382,006 | ~2.0465% | ~$48,747 | -18.5% |
| 2030 | ~$2,262,905 | ~$2,262,905 | ~2.0465% | ~$46,310 | -22.6% |
| 2026 | ~$2,298,271 | ~$2,298,271 | ~1.9977% | ~$45,912 | -21.4% |
| 2027 | ~$1,806,152 | ~$1,806,152 | ~1.9488% | ~$35,199 | -38.2% |
| 2028 | ~$1,419,408 | ~$1,419,408 | ~1.9000% | ~$26,969 | -51.5% |
| 2029 | ~$1,115,476 | ~$1,115,476 | ~1.8512% | ~$20,650 | -61.9% |
| 2030 | ~$876,624 | ~$876,624 | ~1.8024% | ~$15,800 | -70.0% |
In 2025, this property's market value of $2,924,478 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +106% 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 | $2,924,478 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $7,301,951 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,037,402 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,350,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,500,000 | $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.