8627 N MO-PAC EXPRESSWAY TX
| Owner | U S REIF EURUS AUSTIN LLC |
|---|---|
| Parcel ID | 0245040406 |
| Short ID | 251442 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 37,588 SF |
| Land SF | 92,347 SF |
| Acres | 2.120 |
| Year Built | 1985 |
| Legal | LOT 2A ATRIUM THE AMD LTS 1 & 2 |
| Neighborhood | 51NWE |
| Land | $5,079,085 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,079,085 |
| Improvement | $483,817 |
|---|---|
| Total Improvement | $483,817 |
| Market | $5,562,902 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,562,902 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,562,902 |
| Taxable Value | $5,562,902 |
|---|
Appreciation: Market value has fallen -44.7% from $10,055,959 (2021) to $5,562,902 (2025), a CAGR of -13.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $113,844. 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 91% of market value ($5,079,085 land vs $483,817 improvements), about $55/SF of land. With value concentrated in the land under a ~41-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 $5,562,902, 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 -13.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,653,987 by 2030, with an estimated annual tax burden around $49,994. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 51,600 SF | ✗ |
| 491 | SPRINKLER HEADS | 49,560 SF | ✗ |
| 2ND | 2nd Floor | 12,936 SF | ✓ |
| 3RD | 3rd Floor | 12,936 SF | ✓ |
| 4TH | 4th Floor | 11,972 SF | ✓ |
| 1ST | 1st Floor | 11,716 SF | ✓ |
| 501 | CANOPY | 5,400 SF | ✗ |
| 482 | LIGHT POLES | 5 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% | $51,467.97 | $51,467.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $29,150.55 | $29,150.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,907.89 | $20,907.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,565.50 | $6,565.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,752.04 | $5,752.04 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $113,843.95 | $113,843.95 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,019,375 | $5,562,902 | -9.8% |
| Assessed Value | $5,019,375 | $5,562,902 | -9.8% |
| Land Value | $5,079,085 | $5,079,085 | +0.0% |
| Improvement Value | — | $483,817 | — |
| Taxable Value | $5,019,375 | $5,562,902 | -9.8% |
| Total Tax 2026 = estimate |
~$102,721
Estimated
|
~$113,844
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,086,305 | $5,019,375 | -2,066,930 (-29.2%) |
| Taxable Value | $7,086,305 | $5,019,375 | -2,066,930 (-29.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,019,375 | $5,079,085 | — | — | $5,019,375 | $5,019,375 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,562,902 | $5,079,085 | $483,817 | — | $5,562,902 | $5,562,902 | ~$113,844 | Partial |
| 2024 | $6,957,857 | — | — | −$1,878,772 | $5,079,085 | $— | $104,228 | Verified |
| 2023 | $9,696,600 | — | — | −$4,617,515 | $5,079,085 | $— | $125,885 | Verified |
| 2022 | $10,070,100 | — | — | −$6,837,955 | $3,232,145 | $— | $191,500 | Verified |
| 2021 | $10,055,959 | — | — | −$8,209,019 | $1,846,940 | $— | $219,194 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.4% | +27.4% | ~100% | Not available | Partial |
| 2025 | +5.8% | +5.8% | ~100% | Not available | Partial |
| 2024 | -24.4% | -24.4% | ~100% | 1.9800% | Verified |
| 2023 | -28.2% | -28.2% | ~100% | 1.8100% | Verified |
| 2022 | -3.7% | -3.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -44.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.8% | -12.3% | -11.9% | +0.1% | 2022 | -28.2% | 2024 |
| Assessment Ratio | 100.0% | 62.6% | — | 100.0% | 2025 | 18.4% | 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 |
$113,844 | $150,930 | ~$71,421 | $219,194 | 2021 | $104,228 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,797,565 | ~$4,797,565 | ~2.0139% | ~$96,620 | -13.8% |
| 2027 | ~$4,137,522 | ~$4,137,522 | ~1.9814% | ~$81,980 | -25.6% |
| 2028 | ~$3,568,288 | ~$3,568,288 | ~1.9488% | ~$69,540 | -35.9% |
| 2029 | ~$3,077,367 | ~$3,077,367 | ~1.9163% | ~$58,971 | -44.7% |
| 2030 | ~$2,653,987 | ~$2,653,987 | ~1.8837% | ~$49,994 | -52.3% |
| 2026 | ~$5,284,757 | ~$5,284,757 | ~2.0465% | ~$108,152 | -5.0% |
| 2027 | ~$5,020,519 | ~$5,020,519 | ~2.0465% | ~$102,744 | -9.8% |
| 2028 | ~$4,769,493 | ~$4,769,493 | ~2.0465% | ~$97,607 | -14.3% |
| 2029 | ~$4,531,018 | ~$4,531,018 | ~2.0465% | ~$92,727 | -18.5% |
| 2030 | ~$4,304,468 | ~$4,304,468 | ~2.0465% | ~$88,090 | -22.6% |
| 2026 | ~$4,908,823 | ~$4,908,823 | ~1.9977% | ~$98,062 | -11.8% |
| 2027 | ~$4,331,650 | ~$4,331,650 | ~1.9488% | ~$84,417 | -22.1% |
| 2028 | ~$3,822,340 | ~$3,822,340 | ~1.9000% | ~$72,625 | -31.3% |
| 2029 | ~$3,372,915 | ~$3,372,915 | ~1.8512% | ~$62,439 | -39.4% |
| 2030 | ~$2,976,332 | ~$2,976,332 | ~1.8024% | ~$53,645 | -46.5% |
In 2025, this property's market value of $5,562,902 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,562,902 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,957,857 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,696,600 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $10,070,100 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,055,959 | $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.