11005 BURNET RD TX 78758
| Owner | KRAMER PLAZA LIMITED PARTNERSHIP |
|---|---|
| Parcel ID | 0254080204 |
| Short ID | 548004 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 18,000 SF |
| Land SF | 78,843 SF |
| Acres | 1.810 |
| Year Built | 1979 |
| Legal | LOT 1-A LONGHORN BUSINESS PARK NO 2 AMENDED PLAT OF LT 7-A OF THE RESUB OF LTS 7-9 BLK A & LT 1 LONGHORN BUSINESS PARK NO 3 |
| Neighborhood | 43NOR |
| Land | $7,884,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,884,300 |
| Improvement | $250,499 |
|---|---|
| Total Improvement | $250,499 |
| Market | $8,134,799 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,134,799 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,134,799 |
| Taxable Value | $8,134,799 |
|---|
Appreciation: Market value has risen +41.9% from $5,731,354 (2021) to $8,134,799 (2025), a CAGR of 9.1% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $166,477. 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 97% of market value ($7,884,300 land vs $250,499 improvements), about $100/SF of land. With value concentrated in the land under a ~47-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 $8,134,799, 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 +9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,602,561 by 2030, with an estimated annual tax burden around $237,400. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 47,481 SF | ✗ |
| 1ST | 1st Floor | 18,000 SF | ✓ |
| 501 | CANOPY | 3,840 SF | ✗ |
| 611 | TERRACE | 3,840 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% | $75,263.16 | $75,263.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $42,627.73 | $42,627.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $30,574.24 | $30,574.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,600.93 | $9,600.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,411.38 | $8,411.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $166,477.44 | $166,477.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,134,799 | $8,134,799 | +0.0% |
| Assessed Value | $8,134,799 | $8,134,799 | +0.0% |
| Land Value | $7,884,300 | $7,884,300 | +0.0% |
| Improvement Value | $250,499 | $250,499 | +0.0% |
| Taxable Value | $8,134,799 | $8,134,799 | +0.0% |
| Total Tax 2026 = estimate |
~$166,477
Estimated
|
~$166,477
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,418,742 | $8,134,799 | -283,943 (-3.4%) |
| Taxable Value | $8,418,742 | $8,134,799 | -283,943 (-3.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,134,799 | $7,884,300 | $250,499 | — | $8,134,799 | $8,134,799 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,134,799 | $7,884,300 | $250,499 | — | $8,134,799 | $8,134,799 | ~$166,477 | Partial |
| 2024 | $8,393,974 | — | — | −$509,674 | $7,884,300 | $— | $137,812 | Verified |
| 2023 | $5,503,152 | — | — | — | $7,884,300 ! | $— | $129,899 | Verified |
| 2022 | $5,058,459 | — | — | — | $5,124,795 ! | $— | $108,683 | Verified |
| 2021 | $5,731,354 | — | — | −$1,000,774 | $4,730,580 | $— | $110,106 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.5% | +3.5% | ~100% | Not available | Partial |
| 2025 | -3.0% | -3.0% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.6400% | Verified |
| 2023 | +52.5% | +52.5% | ~100% | 1.5500% | Verified |
| 2022 | +8.8% | +8.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +9.3% | +9.1% | +52.5% | 2024 | -11.7% | 2022 |
| Assessment Ratio | 100.0% | 103.5% | — | 143.3% | 2023 | 82.5% | 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 |
$166,477 | $130,596 | ~$207,131 | $166,477 | 2025 | $108,683 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,879,106 | ~$8,879,106 | ~2.0139% | ~$178,820 | +9.1% |
| 2027 | ~$9,691,514 | ~$9,691,514 | ~1.9814% | ~$192,026 | +19.1% |
| 2028 | ~$10,578,255 | ~$10,578,255 | ~1.9488% | ~$206,153 | +30.0% |
| 2029 | ~$11,546,129 | ~$11,546,129 | ~1.9163% | ~$221,257 | +41.9% |
| 2030 | ~$12,602,561 | ~$12,602,561 | ~1.8837% | ~$237,400 | +54.9% |
| 2026 | ~$8,716,410 | ~$8,716,410 | ~2.0465% | ~$178,380 | +7.1% |
| 2027 | ~$9,339,604 | ~$9,339,604 | ~2.0465% | ~$191,134 | +14.8% |
| 2028 | ~$10,007,354 | ~$10,007,354 | ~2.0465% | ~$204,799 | +23.0% |
| 2029 | ~$10,722,846 | ~$10,722,846 | ~2.0465% | ~$219,441 | +31.8% |
| 2030 | ~$11,489,493 | ~$11,489,493 | ~2.0465% | ~$235,131 | +41.2% |
| 2026 | ~$9,041,802 | ~$8,948,279 | ~1.9977% | ~$178,756 | +11.1% |
| 2027 | ~$10,049,932 | ~$9,843,107 | ~1.9488% | ~$191,826 | +23.5% |
| 2028 | ~$11,170,466 | ~$10,827,417 | ~1.9000% | ~$205,723 | +37.3% |
| 2029 | ~$12,415,935 | ~$11,910,159 | ~1.8512% | ~$220,480 | +52.6% |
| 2030 | ~$13,800,270 | ~$13,101,175 | ~1.8024% | ~$236,132 | +69.6% |
In 2025, this property's market value of $8,134,799 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,134,799 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,393,974 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,503,152 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,058,459 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,731,354 | $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.