12015 PARK THIRTY-FIVE CIR TX 78753
| Owner | COLONNADE OFFICE CENTER |
|---|---|
| Parcel ID | 0252230202 |
| Short ID | 259418 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 120,830 SF |
| Land SF | 246,938 SF |
| Acres | 5.669 |
| Year Built | 1985 |
| Legal | LOT 4-5 BLK B PARK 35 |
| Neighborhood | 51NOR |
| Land | $3,704,070 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,704,070 |
| Improvement | $16,561,538 |
|---|---|
| Total Improvement | $16,561,538 |
| Market | $20,265,608 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,265,608 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,265,608 |
| Taxable Value | $20,265,608 |
|---|
Appreciation: Market value has fallen -23.7% from $26,550,000 (2021) to $20,265,608 (2025), a CAGR of -6.5% 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 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $451,555. Pflugerville ISD is the largest single contributor, at 49.7% 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 18% of market value ($3,704,070 land vs $16,561,538 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,265,608, 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 -6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,458,676 by 2030, with an estimated annual tax burden around $272,502. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 193,541 SF | ✗ |
| 187 | PARKING GARAGE | 190,080 SF | ✓ |
| 551 | PAVED AREA | 43,556 SF | ✗ |
| 3RD | 3rd Floor | 40,374 SF | ✓ |
| 4TH | 4th Floor | 40,374 SF | ✓ |
| 5TH | 5th Floor | 40,371 SF | ✓ |
| 1ST | 1st Floor | 40,228 SF | ✓ |
| 2ND | 2nd Floor | 40,228 SF | ✓ |
| SO | Sketch Only | 1,772 SF | ✗ |
| 482 | LIGHT POLES | 26 SF | ✓ |
| 319 | ATRIUM FV | 1 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $224,320.01 | $224,320.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $106,195.23 | $106,195.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $76,167.27 | $76,167.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $23,918.08 | $23,918.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $20,954.64 | $20,954.64 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $451,555.23 | $451,555.23 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $20,321,510 | $20,265,608 | +0.3% |
| Assessed Value | $20,321,510 | $20,265,608 | +0.3% |
| Land Value | $3,704,070 | $3,704,070 | +0.0% |
| Improvement Value | $16,617,440 | $16,561,538 | +0.3% |
| Taxable Value | $20,321,510 | $20,265,608 | +0.3% |
| Total Tax 2026 = estimate |
~$452,801
Estimated
|
~$451,555
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $20,321,510 | $20,321,510 | +0 (+0.0%) |
| Taxable Value | $20,321,510 | $20,321,510 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $20,321,510 | $3,704,070 | $16,617,440 | — | $20,321,510 | $20,321,510 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,265,608 | $3,704,070 | $16,561,538 | — | $20,265,608 | $20,265,608 | ~$451,555 | Partial |
| 2024 | $27,087,237 | — | — | −$23,343,252 | $3,743,985 | $— | $471,802 | Verified |
| 2023 | $27,000,000 | — | — | −$23,256,015 | $3,743,985 | $— | $557,712 | Verified |
| 2022 | $27,000,000 | — | — | −$24,504,010 | $2,495,990 | $— | $605,992 | Verified |
| 2021 | $26,550,000 | — | — | −$24,054,010 | $2,495,990 | $— | $675,804 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | 2.1400% | Verified |
| 2023 | -1.2% | -1.2% | ~100% | 2.0600% | Verified |
| 2022 | +1.5% | +1.5% | ~100% | 2.2100% | Verified |
| 2021 | base year | — | ~100% | 2.5500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -24.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | -4.6% | -6.6% | +1.7% | 2022 | -25.2% | 2025 |
| Assessment Ratio | 100.0% | 41.1% | — | 100.0% | 2025 | 9.2% | 2022 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$451,555 | $552,573 | ~$337,710 | $675,804 | 2021 | $451,555 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$18,942,331 | ~$18,942,331 | ~2.1595% | ~$409,057 | -6.5% |
| 2027 | ~$17,705,459 | ~$17,705,459 | ~2.0908% | ~$370,184 | -12.6% |
| 2028 | ~$16,549,351 | ~$16,549,351 | ~2.0221% | ~$334,643 | -18.3% |
| 2029 | ~$15,468,733 | ~$15,468,733 | ~1.9534% | ~$302,165 | -23.7% |
| 2030 | ~$14,458,676 | ~$14,458,676 | ~1.8847% | ~$272,502 | -28.7% |
| 2026 | ~$19,252,328 | ~$19,252,328 | ~2.2282% | ~$428,977 | -5.0% |
| 2027 | ~$18,289,711 | ~$18,289,711 | ~2.2282% | ~$407,529 | -9.8% |
| 2028 | ~$17,375,226 | ~$17,375,226 | ~2.2282% | ~$387,152 | -14.3% |
| 2029 | ~$16,506,464 | ~$16,506,464 | ~2.2282% | ~$367,795 | -18.5% |
| 2030 | ~$15,681,141 | ~$15,681,141 | ~2.2282% | ~$349,405 | -22.6% |
| 2026 | ~$19,347,643 | ~$19,347,643 | ~2.1251% | ~$411,164 | -4.5% |
| 2027 | ~$18,471,259 | ~$18,471,259 | ~2.0221% | ~$373,505 | -8.9% |
| 2028 | ~$17,634,572 | ~$17,634,572 | ~1.9190% | ~$338,415 | -13.0% |
| 2029 | ~$16,835,784 | ~$16,835,784 | ~1.8160% | ~$305,737 | -16.9% |
| 2030 | ~$16,073,178 | ~$16,073,178 | ~1.7129% | ~$275,325 | -20.7% |
In 2025, this property's market value of $20,265,608 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 14× 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 | $20,265,608 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $27,087,237 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $27,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $27,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $26,550,000 | $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.