9411 PARKFIELD DR TX 78745
| Owner | UTOPIA VILLAGES LP |
|---|---|
| Parcel ID | 0243131512 |
| Short ID | 249034 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 20,320 SF |
| Land SF | 74,175 SF |
| Acres | 1.703 |
| Year Built | 1981 |
| Legal | LOT 2B PARKFIELD PLAZA |
| Neighborhood | 52NOR |
| Land | $593,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $593,400 |
| Improvement | $1,042,995 |
|---|---|
| Total Improvement | $1,042,995 |
| Market | $1,636,395 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,636,395 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,636,395 |
| Taxable Value | $1,636,395 |
|---|
Appreciation: Market value has fallen -22.1% from $2,101,525 (2021) to $1,636,395 (2025), a CAGR of -6.1% 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 $33,489. 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 36% of market value ($593,400 land vs $1,042,995 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~45 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,636,395, 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 -6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,196,961 by 2030, with an estimated annual tax burden around $22,548. 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 |
|---|---|---|---|
| SO | Sketch Only | 46,898 SF | ✗ |
| 1ST | 1st Floor | 20,320 SF | ✓ |
| 551 | PAVED AREA | 17,150 SF | ✗ |
| 611 | TERRACE | 5,545 SF | ✗ |
| 501 | CANOPY | 357 SF | ✗ |
| 482 | LIGHT POLES | 7 SF | ✓ |
| MISC | Miscellaneous | 6 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% | $13,878.00 | $13,878.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,860.26 | $7,860.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,637.68 | $5,637.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,770.35 | $1,770.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,551.00 | $1,551.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,697.29 | $30,697.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,500,000 | $1,636,395 | -8.3% |
| Assessed Value | $1,500,000 | $1,636,395 | -8.3% |
| Land Value | $593,400 | $593,400 | +0.0% |
| Improvement Value | $906,600 | $1,042,995 | -13.1% |
| Taxable Value | $1,500,000 | $1,636,395 | -8.3% |
| Total Tax 2026 = estimate |
~$30,697
Estimated
|
~$30,697
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,860,710 | $1,500,000 | -360,710 (-19.4%) |
| Taxable Value | $1,800,000 | $1,500,000 | -300,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,500,000 | $593,400 | $906,600 | — | $1,500,000 | $1,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,636,395 | $593,400 | $1,042,995 | — | $1,636,395 | $1,636,395 | ~$30,697 | Partial |
| 2024 | $2,096,372 | — | — | −$1,502,972 | $593,400 | $— | $41,202 | Verified |
| 2023 | $2,094,640 | — | — | −$1,501,240 | $593,400 | $— | $37,929 | Verified |
| 2022 | $2,051,079 | — | — | −$1,457,679 | $593,400 | $— | $41,368 | Verified |
| 2021 | $2,101,525 | — | — | −$1,508,125 | $593,400 | $— | $44,645 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.7% | +10.0% | 96.7% | Not available | Partial |
| 2025 | -21.3% | -21.3% | ~100% | Not available | Partial |
| 2024 | -0.8% | -0.8% | ~100% | 1.9800% | Verified |
| 2023 | +0.1% | +0.1% | ~100% | 1.8100% | Verified |
| 2022 | +2.1% | +2.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -20.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.3% | -6.1% | -4.4% | +2.1% | 2023 | -21.9% | 2025 |
| Assessment Ratio | 100.0% | 52.3% | — | 100.0% | 2025 | 28.2% | 2021 |
| Effective Tax Rate (2025) | 1.8800% | 1.8800% | — | 1.8800% | 2025 | 1.8800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$30,697 | $39,168 | ~$26,594 | $44,645 | 2021 | $30,697 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,537,186 | ~$1,537,186 | ~2.0139% | ~$30,958 | -6.1% |
| 2027 | ~$1,443,992 | ~$1,443,992 | ~1.9814% | ~$28,611 | -11.8% |
| 2028 | ~$1,356,449 | ~$1,356,449 | ~1.9488% | ~$26,435 | -17.1% |
| 2029 | ~$1,274,212 | ~$1,274,212 | ~1.9163% | ~$24,418 | -22.1% |
| 2030 | ~$1,196,961 | ~$1,196,961 | ~1.8837% | ~$22,548 | -26.9% |
| 2026 | ~$1,554,575 | ~$1,554,575 | ~2.0465% | ~$31,814 | -5.0% |
| 2027 | ~$1,476,846 | ~$1,476,846 | ~2.0465% | ~$30,223 | -9.8% |
| 2028 | ~$1,403,004 | ~$1,403,004 | ~2.0465% | ~$28,712 | -14.3% |
| 2029 | ~$1,332,854 | ~$1,332,854 | ~2.0465% | ~$27,277 | -18.5% |
| 2030 | ~$1,266,211 | ~$1,266,211 | ~2.0465% | ~$25,913 | -22.6% |
| 2026 | ~$1,569,914 | ~$1,569,914 | ~1.9977% | ~$31,362 | -4.1% |
| 2027 | ~$1,506,135 | ~$1,506,135 | ~1.9488% | ~$29,352 | -8.0% |
| 2028 | ~$1,444,946 | ~$1,444,946 | ~1.9000% | ~$27,454 | -11.7% |
| 2029 | ~$1,386,243 | ~$1,386,243 | ~1.8512% | ~$25,662 | -15.3% |
| 2030 | ~$1,329,925 | ~$1,329,925 | ~1.8024% | ~$23,970 | -18.7% |
In 2025, this property's market value of $1,636,395 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +15% 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 | $1,636,395 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,096,372 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,094,640 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,051,079 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,101,525 | $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.