8920 BUSINESS PARK DR TX 78759
| Owner | OGLE CHERYL LYNN |
|---|---|
| Parcel ID | 0248030106 |
| Short ID | 254988 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 54,050 SF |
| Land SF | 115,870 SF |
| Acres | 2.660 |
| Year Built | 1980 |
| Legal | LOT 1 BLK A NORTH CROSSING SUBD SEC 1-B |
| Neighborhood | 51NWE |
| Land | $4,634,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,634,800 |
| Improvement | $643,000 |
|---|---|
| Total Improvement | $643,000 |
| Market | $5,277,800 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,277,800 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,277,800 |
| Taxable Value | $5,277,800 |
|---|
Appreciation: Market value has fallen -53.0% from $11,236,359 (2021) to $5,277,800 (2025), a CAGR of -17.2% 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 $108,009. 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 88% of market value ($4,634,800 land vs $643,000 improvements), about $40/SF of land. With value concentrated in the land under a ~46-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 $5,277,800, 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 -17.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,052,282 by 2030, with an estimated annual tax burden around $38,660. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 60,520 SF | ✗ |
| 2ND | 2nd Floor | 18,470 SF | ✓ |
| 3RD | 3rd Floor | 18,470 SF | ✓ |
| 1ST | 1st Floor | 17,110 SF | ✓ |
| LOBBY | Lobby | 2,040 SF | ✓ |
| 501 | CANOPY | 1,950 SF | ✗ |
| 482 | LIGHT POLES | 8 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% | $48,830.21 | $48,830.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $27,656.57 | $27,656.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,836.35 | $19,836.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,229.02 | $6,229.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,457.25 | $5,457.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $108,009.40 | $108,009.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,185,974 | $5,277,800 | +17.2% |
| Assessed Value | $6,185,974 | $5,277,800 | +17.2% |
| Land Value | $4,634,800 | $4,634,800 | +0.0% |
| Improvement Value | $1,551,174 | $643,000 | +141.2% |
| Taxable Value | $6,185,974 | $5,277,800 | +17.2% |
| Total Tax 2026 = estimate |
~$126,595
Estimated
|
~$108,009
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,975,149 | $6,185,974 | -789,175 (-11.3%) |
| Taxable Value | $6,975,149 | $6,185,974 | -789,175 (-11.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,185,974 | $4,634,800 | $1,551,174 | — | $6,185,974 | $6,185,974 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,277,800 | $4,634,800 | $643,000 | — | $5,277,800 | $5,277,800 | ~$108,009 | Partial |
| 2024 | $5,914,516 | — | — | −$1,279,716 | $4,634,800 | $— | $117,215 | Verified |
| 2023 | $9,700,000 | — | — | −$7,961,950 | $1,738,050 | $— | $107,008 | Verified |
| 2022 | $10,347,000 | — | — | −$8,608,950 | $1,738,050 | $— | $191,568 | Verified |
| 2021 | $11,236,359 | — | — | −$10,077,659 | $1,158,700 | $— | $225,221 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +32.2% | +32.2% | ~100% | Not available | Partial |
| 2025 | -10.8% | -10.8% | ~100% | Not available | Partial |
| 2024 | -44.3% | -44.3% | ~100% | 1.9800% | Verified |
| 2023 | +0.6% | +0.6% | ~100% | 1.0100% | Verified |
| 2022 | -6.3% | -6.3% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 2.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -53.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +17.2% | -9.4% | -19.6% | +17.2% | 2026 | -39.0% | 2024 |
| Assessment Ratio | 100.0% | 53.9% | — | 100.0% | 2025 | 10.3% | 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 |
$108,009 | $149,804 | ~$60,838 | $225,221 | 2021 | $107,008 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,369,279 | ~$4,369,279 | ~2.0139% | ~$87,995 | -17.2% |
| 2027 | ~$3,617,151 | ~$3,617,151 | ~1.9814% | ~$71,670 | -31.5% |
| 2028 | ~$2,994,494 | ~$2,994,494 | ~1.9488% | ~$58,358 | -43.3% |
| 2029 | ~$2,479,021 | ~$2,479,021 | ~1.9163% | ~$47,505 | -53.0% |
| 2030 | ~$2,052,282 | ~$2,052,282 | ~1.8837% | ~$38,660 | -61.1% |
| 2026 | ~$5,013,910 | ~$5,013,910 | ~2.0465% | ~$102,609 | -5.0% |
| 2027 | ~$4,763,214 | ~$4,763,214 | ~2.0465% | ~$97,478 | -9.8% |
| 2028 | ~$4,525,054 | ~$4,525,054 | ~2.0465% | ~$92,605 | -14.3% |
| 2029 | ~$4,298,801 | ~$4,298,801 | ~2.0465% | ~$87,974 | -18.5% |
| 2030 | ~$4,083,861 | ~$4,083,861 | ~2.0465% | ~$83,576 | -22.6% |
| 2026 | ~$4,474,835 | ~$4,474,835 | ~1.9977% | ~$89,392 | -15.2% |
| 2027 | ~$3,794,033 | ~$3,794,033 | ~1.9488% | ~$73,940 | -28.1% |
| 2028 | ~$3,216,808 | ~$3,216,808 | ~1.9000% | ~$61,120 | -39.1% |
| 2029 | ~$2,727,403 | ~$2,727,403 | ~1.8512% | ~$50,490 | -48.3% |
| 2030 | ~$2,312,455 | ~$2,312,455 | ~1.8024% | ~$41,679 | -56.2% |
In 2025, this property's market value of $5,277,800 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 | $5,277,800 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,914,516 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,700,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $10,347,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $11,236,359 | $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.