8500 SHOAL CREEK BLVD 3 TX 78757
| Owner | NRE HOLDINGS LLC |
|---|---|
| Parcel ID | 0243030404 |
| Short ID | 547368 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 11,000 SF |
| Land SF | 20,560 SF |
| Acres | 0.472 |
| Year Built | 1972 |
| Legal | UNT 3 8500 SHOAL CREEK OFFICE CONDOMINIUMS AMENDED PLUS 11.8% INT IN COM AREA |
| Neighborhood | 52NWE |
| Land | $514,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $514,000 |
| Improvement | $604,797 |
|---|---|
| Total Improvement | $604,797 |
| Market | $1,118,797 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,118,797 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,118,797 |
| Taxable Value | $1,118,797 |
|---|
Appreciation: Market value has fallen -36.0% from $1,749,389 (2021) to $1,118,797 (2025), a CAGR of -10.6% 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 $22,896. 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 46% of market value ($514,000 land vs $604,797 improvements), about $25/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,118,797, this parcel sits in the lower-middle (25th–50th 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 -10.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $639,856 by 2030, with an estimated annual tax burden around $12,053. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 11,000 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% | $10,351.11 | $10,351.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,862.69 | $5,862.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,204.94 | $4,204.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,320.44 | $1,320.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,156.84 | $1,156.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,896.02 | $22,896.02 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,147,197 | $1,118,797 | +2.5% |
| Assessed Value | $1,147,197 | $1,118,797 | +2.5% |
| Land Value | $514,000 | $514,000 | +0.0% |
| Improvement Value | $633,197 | $604,797 | +4.7% |
| Taxable Value | $1,147,197 | $1,118,797 | +2.5% |
| Total Tax 2026 = estimate |
~$23,477
Estimated
|
~$22,896
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,203,368 | $1,147,197 | -56,171 (-4.7%) |
| Taxable Value | $1,203,368 | $1,147,197 | -56,171 (-4.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,147,197 | $514,000 | $633,197 | — | $1,147,197 | $1,147,197 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,118,797 | $514,000 | $604,797 | — | $1,118,797 | $1,118,797 | ~$22,896 | Partial |
| 2024 | $1,548,571 | — | — | −$1,034,571 | $514,000 | $— | $24,998 | Verified |
| 2023 | $1,531,060 | — | — | −$1,017,060 | $514,000 | $— | $28,017 | Verified |
| 2022 | $1,765,995 | — | — | −$1,251,995 | $514,000 | $— | $30,237 | Verified |
| 2021 | $1,749,389 | — | — | −$1,235,389 | $514,000 | $— | $38,440 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.6% | +7.6% | ~100% | Not available | Partial |
| 2025 | -11.3% | -11.3% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | 1.9800% | Verified |
| 2023 | +1.1% | +1.1% | ~100% | 1.8100% | Verified |
| 2022 | -13.3% | -13.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -36.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.5% | -7.3% | -11.0% | +2.5% | 2026 | -27.8% | 2025 |
| Assessment Ratio | 100.0% | 54.2% | — | 100.0% | 2025 | 29.1% | 2022 |
| 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 |
$22,896 | $28,918 | ~$15,847 | $38,440 | 2021 | $22,896 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,000,501 | ~$1,000,501 | ~2.0139% | ~$20,149 | -10.6% |
| 2027 | ~$894,713 | ~$894,713 | ~1.9814% | ~$17,728 | -20.0% |
| 2028 | ~$800,110 | ~$800,110 | ~1.9488% | ~$15,593 | -28.5% |
| 2029 | ~$715,511 | ~$715,511 | ~1.9163% | ~$13,711 | -36.0% |
| 2030 | ~$639,856 | ~$639,856 | ~1.8837% | ~$12,053 | -42.8% |
| 2026 | ~$1,062,857 | ~$1,062,857 | ~2.0465% | ~$21,751 | -5.0% |
| 2027 | ~$1,009,714 | ~$1,009,714 | ~2.0465% | ~$20,664 | -9.8% |
| 2028 | ~$959,229 | ~$959,229 | ~2.0465% | ~$19,630 | -14.3% |
| 2029 | ~$911,267 | ~$911,267 | ~2.0465% | ~$18,649 | -18.5% |
| 2030 | ~$865,704 | ~$865,704 | ~2.0465% | ~$17,717 | -22.6% |
| 2026 | ~$1,022,877 | ~$1,022,877 | ~1.9977% | ~$20,434 | -8.6% |
| 2027 | ~$935,181 | ~$935,181 | ~1.9488% | ~$18,225 | -16.4% |
| 2028 | ~$855,003 | ~$855,003 | ~1.9000% | ~$16,245 | -23.6% |
| 2029 | ~$781,699 | ~$781,699 | ~1.8512% | ~$14,471 | -30.1% |
| 2030 | ~$714,680 | ~$714,680 | ~1.8024% | ~$12,881 | -36.1% |
In 2025, this property's market value of $1,118,797 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -21% below 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 | $1,118,797 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,548,571 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,531,060 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,765,995 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,749,389 | $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.