1319 PARK CENTER DR TX 78753
| Owner | 1319 PARK CENTER LLC |
|---|---|
| Parcel ID | 0233200303 |
| Short ID | 235470 |
| Type | Real |
| Use Code | 65 Industrial 20K+ SF (50–74%) |
| Valuation | Cost |
| Improvement SF | 46,500 SF |
| Land SF | 180,948 SF |
| Acres | 4.154 |
| Year Built | 2022 |
| Legal | LOT 1 CAMERON CENTER SUBD |
| Neighborhood | 1NE1 |
| Land | $579,034 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $579,034 |
| Improvement | $10,135,966 |
|---|---|
| Total Improvement | $10,135,966 |
| Market | $10,715,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,715,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,715,000 |
| Taxable Value | $10,715,000 |
|---|
Appreciation: Market value has risen +1750.5% from $579,034 (2021) to $10,715,000 (2025), a CAGR of 107.4% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $219,281. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 5% of market value ($579,034 land vs $10,135,966 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,715,000, 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 +107.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $411,246,593 by 2030, with an estimated annual tax burden around $325,070. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 46,500 SF | ✓ |
| 491 | SPRINKLER HEADS | 46,500 SF | ✗ |
| MEZZ | Mezzanine | 15,000 SF | ✓ |
| 551 | PAVED AREA | 14,900 SF | ✗ |
| 408 | LOADING RAMP | 2,400 SF | ✓ |
| 413 | STAIRWAY EXT | 4 SF | ✓ |
Market value changed by 463% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $99,135.18 | $99,135.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $56,148.42 | $56,148.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $40,271.79 | $40,271.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,646.16 | $12,646.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,079.31 | $11,079.31 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $219,280.86 | $219,280.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,200,000 | $10,715,000 | +4.5% |
| Assessed Value | $11,200,000 | $10,715,000 | +4.5% |
| Land Value | $579,034 | $579,034 | +0.0% |
| Improvement Value | $10,620,966 | $10,135,966 | +4.8% |
| Taxable Value | $11,200,000 | $10,715,000 | +4.5% |
| Total Tax 2026 = estimate |
~$229,206
Estimated
|
~$219,281
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,465,577 | $11,200,000 | -1,265,577 (-10.2%) |
| Taxable Value | $12,465,577 | $11,200,000 | -1,265,577 (-10.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,200,000 | $579,034 | $10,620,966 | — | $11,200,000 | $11,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,715,000 | $579,034 | $10,135,966 | — | $10,715,000 | $10,715,000 | ~$219,281 | Partial |
| 2024 | $4,370,406 | — | — | −$3,791,372 | $579,034 | $— | $208,308 | Verified |
| 2023 | $776,183 | — | — | −$197,149 | $579,034 | $— | $79,071 | Verified |
| 2022 | $— | — | — | — | $579,034 | $— | $15,329 | Verified |
| 2021 | $579,034 | — | — | — | $579,034 | $— | $12,604 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.3% | +16.3% | ~100% | Not available | Partial |
| 2025 | -9.7% | -9.7% | ~100% | Not available | Partial |
| 2024 | +171.4% ! | +171.4% | ~100% | 1.7600% | Verified |
| 2023 | +463.1% ! | +463.1% | ~100% | 1.8100% | Verified |
| 2022 | +34.0% | +34.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1750.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.5% | +161.7% | +105.6% | +463.1% | 2024 | +4.5% | 2026 |
| Assessment Ratio | 100.0% | 77.6% | — | 100.0% | 2021 | 13.2% | 2024 |
| 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 |
$219,281 | $129,816 | ~$279,579 | $219,281 | 2025 | $12,604 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$22,223,589 | ~$11,786,500 | ~2.0139% | ~$237,373 | +107.4% |
| 2027 | ~$46,093,133 | ~$12,965,150 | ~1.9814% | ~$256,890 | +330.2% |
| 2028 | ~$95,600,080 | ~$14,261,665 | ~1.9488% | ~$277,937 | +792.2% |
| 2029 | ~$198,280,628 | ~$15,687,832 | ~1.9163% | ~$300,625 | +1750.5% |
| 2030 | ~$411,246,593 | ~$17,256,615 | ~1.8837% | ~$325,070 | +3738.0% |
| 2026 | ~$22,009,289 | ~$11,786,500 | ~2.0465% | ~$241,209 | +105.4% |
| 2027 | ~$45,208,476 | ~$12,965,150 | ~2.0465% | ~$265,330 | +321.9% |
| 2028 | ~$92,861,075 | ~$14,261,665 | ~2.0465% | ~$291,863 | +766.6% |
| 2029 | ~$190,742,535 | ~$15,687,832 | ~2.0465% | ~$321,049 | +1680.1% |
| 2030 | ~$391,797,260 | ~$17,256,615 | ~2.0465% | ~$353,154 | +3556.5% |
| 2026 | ~$22,437,889 | ~$11,786,500 | ~1.9977% | ~$235,454 | +109.4% |
| 2027 | ~$46,986,363 | ~$12,965,150 | ~1.9488% | ~$252,670 | +338.5% |
| 2028 | ~$98,392,422 | ~$14,261,665 | ~1.9000% | ~$270,974 | +818.3% |
| 2029 | ~$206,039,971 | ~$15,687,832 | ~1.8512% | ~$290,412 | +1822.9% |
| 2030 | ~$431,460,761 | ~$17,256,615 | ~1.8024% | ~$311,028 | +3926.7% |
In 2025, this property's market value of $10,715,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $10,715,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,370,406 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $776,183 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $579,034 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.