8600 CROSS PARK DR TX 78754
| Owner | ELEGANT AUSTIN LLC |
|---|---|
| Parcel ID | 0233230302 |
| Short ID | 235486 |
| Type | Real |
| Use Code | 88 Treatment / Rehab Center |
| Valuation | Cost |
| Improvement SF | 9,089 SF |
| Land SF | 98,446 SF |
| Acres | 2.260 |
| Year Built | 2018 |
| Legal | LOT 4 BLK J WALNUT CREEK BUSINESS PARK PHS A SEC 1 |
| Neighborhood | 88REH |
| Land | $708,811 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $708,811 |
| Improvement | $3,391,189 |
|---|---|
| Total Improvement | $3,391,189 |
| Market | $4,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,100,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$302,527 |
| Net Appraised (assessed) | $3,797,473 |
| Taxable Value | $3,797,473 |
|---|
Appreciation: Market value has risen +86.4% from $2,200,000 (2021) to $4,100,000 (2025), a CAGR of 16.8% 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 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $83,646. Manor ISD is the largest single contributor, at 49.1% of the total 2025 levy.
Assessment Gap: Assessed value ($3,797,473) is $302,527 below market value, suggesting potential for an upward assessment in future years.
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 17% of market value ($708,811 land vs $3,391,189 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,100,000, 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 +16.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,927,612 by 2030, with an estimated annual tax burden around $114,508. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 9,815 SF | ✗ |
| 1ST | 1st Floor | 9,089 SF | ✓ |
| 611 | TERRACE | 1,008 SF | ✗ |
| 501 | CANOPY | 444 SF | ✗ |
Market value changed by 78% in 2024, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $35,686.20 | $35,686.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,292.56 | $17,292.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,402.89 | $12,402.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,894.76 | $3,894.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,412.20 | $3,412.20 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $72,688.61 | $72,688.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,340,938 | $4,100,000 | +5.9% |
| Assessed Value | $3,960,000 | $3,797,473 | +4.3% |
| Land Value | $708,811 | $708,811 | +0.0% |
| Improvement Value | $3,632,127 | $3,391,189 | +7.1% |
| Taxable Value | $3,960,000 | $3,797,473 | +4.3% |
| HS Cap Loss | -$380,938 | — | |
| Total Tax 2026 = estimate |
~$87,226
Estimated
|
~$72,689
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,340,938 | $4,340,938 | +0 (+0.0%) |
| Taxable Value | $3,960,000 | $3,960,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,340,938 | $708,811 | $3,632,127 | −$380,938 | $3,960,000 | $3,960,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,100,000 | $708,811 | $3,391,189 | −$302,527 | $3,797,473 | $3,797,473 | ~$72,689 | Partial |
| 2024 | $2,637,134 | — | — | −$1,928,323 | $708,811 | $— | $68,760 | Verified |
| 2023 | $2,800,000 | — | — | −$2,091,189 | $708,811 | $— | $53,877 | Verified |
| 2022 | $2,734,375 | — | — | −$2,025,564 | $708,811 | $— | $65,249 | Verified |
| 2021 | $2,200,000 | — | — | −$1,491,189 | $708,811 | $— | $67,456 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.9% | +4.3% | 91.2% | Not available | Partial |
| 2025 | -18.7% | -24.7% | 92.6% | Not available | Partial |
| 2024 | +78.2% ! | +78.2% | ~100% | 1.3600% | Verified |
| 2023 | +1.0% | +1.0% | ~100% | 1.9000% | Verified |
| 2022 | -1.9% | -1.9% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | 3.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +43.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.9% | +16.5% | +15.5% | +55.5% | 2025 | -5.8% | 2024 |
| Assessment Ratio | 91.2% | 49.0% | — | 92.6% | 2025 | 25.3% | 2023 |
| Effective Tax Rate (2025) | 1.7700% | 1.7700% | — | 1.7700% | 2025 | 1.7700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$72,689 | $65,606 | ~$101,597 | $72,689 | 2025 | $53,877 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,790,426 | ~$4,177,220 | ~2.1366% | ~$89,251 | +16.8% |
| 2027 | ~$5,597,118 | ~$4,594,942 | ~2.0705% | ~$95,140 | +36.5% |
| 2028 | ~$6,539,654 | ~$5,054,437 | ~2.0045% | ~$101,314 | +59.5% |
| 2029 | ~$7,640,909 | ~$5,559,880 | ~1.9384% | ~$107,772 | +86.4% |
| 2030 | ~$8,927,612 | ~$6,115,868 | ~1.8723% | ~$114,508 | +117.7% |
| 2026 | ~$4,708,426 | ~$4,177,220 | ~2.2027% | ~$92,011 | +14.8% |
| 2027 | ~$5,407,141 | ~$4,594,942 | ~2.2027% | ~$101,212 | +31.9% |
| 2028 | ~$6,209,542 | ~$5,054,437 | ~2.2027% | ~$111,333 | +51.5% |
| 2029 | ~$7,131,017 | ~$5,559,880 | ~2.2027% | ~$122,467 | +73.9% |
| 2030 | ~$8,189,236 | ~$6,115,868 | ~2.2027% | ~$134,713 | +99.7% |
| 2026 | ~$4,872,426 | ~$4,177,220 | ~2.1036% | ~$87,871 | +18.8% |
| 2027 | ~$5,790,375 | ~$4,594,942 | ~2.0045% | ~$92,104 | +41.2% |
| 2028 | ~$6,881,262 | ~$5,054,437 | ~1.9054% | ~$96,305 | +67.8% |
| 2029 | ~$8,177,668 | ~$5,559,880 | ~1.8062% | ~$100,425 | +99.5% |
| 2030 | ~$9,718,314 | ~$6,115,868 | ~1.7071% | ~$104,406 | +137.0% |
In 2025, this property's market value of $4,100,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +189% 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 | $4,100,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $2,637,134 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,734,375 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,200,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.