11501 BURNET RD TX 78758
| Owner | BROADMOOR AUSTIN ASSOCIATES |
|---|---|
| Parcel ID | 0256080902 |
| Short ID | 820050 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 479,977 SF |
| Land SF | 1,483,305 SF |
| Acres | 34.052 |
| Year Built | 1990 |
| Legal | 60.0690 AC OF LOT 2A IBM SUBD EAST AMENDED PLAT OF LOTS 1&2 BLK A |
| Neighborhood | 50NWE |
| Land | $118,664,410 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $118,664,410 |
| Improvement | $40,124,889 |
|---|---|
| Total Improvement | $40,124,889 |
| Market | $158,789,299 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $158,789,299 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $158,789,299 |
| Taxable Value | $158,789,299 |
|---|
Appreciation: Market value has fallen -42.8% from $277,813,366 (2021) to $158,789,299 (2025), a CAGR of -13.1% 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 $3,249,599. 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 75% of market value ($118,664,410 land vs $40,124,889 improvements), about $80/SF of land. With value concentrated in the land under a ~36-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 $158,789,299, 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 -13.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $78,914,417 by 2030, with an estimated annual tax burden around $1,486,544. 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.
22 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 1,563,285 SF | ✗ |
| 551 | PAVED AREA | 903,017 SF | ✗ |
| SO | Sketch Only | 696,823 SF | ✗ |
| 187 | PARKING GARAGE | 557,100 SF | ✓ |
| ADDL | Additional Floor | 332,640 SF | ✓ |
| 3RD | 3rd Floor | 180,327 SF | ✓ |
| 4TH | 4th Floor | 166,524 SF | ✓ |
| 5TH | 5th Floor | 166,320 SF | ✓ |
| 2ND | 2nd Floor | 158,054 SF | ✓ |
| 1ST | 1st Floor | 141,596 SF | ✓ |
| 501 | CANOPY | 105,595 SF | ✗ |
| 611 | TERRACE | 71,830 SF | ✗ |
| 438 | STREETS PRIVATE | 47,075 SF | ✗ |
| 407 | LOADING DOCK | 4,341 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,640 SF | ✗ |
| 504 | SKYWAY | 2,500 SF | ✓ |
| 327 | STORAGE COMM'L | 1,200 SF | ✓ |
| 276 | ELEVATOR COM PAS | 14 SF | ✓ |
| 482 | LIGHT POLES | 12 SF | ✓ |
| 333 | MECHANICAL RM FV | 6 SF | ✓ |
| 305 | BALCONY FV | 1 SF | ✓ |
| MISC | Miscellaneous | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $1,375,439.33 | $1,375,439.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $779,024.63 | $779,024.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $558,746.21 | $558,746.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $175,457.71 | $175,457.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $153,718.58 | $153,718.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,042,386.46 | $3,042,386.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $162,347,534 | $158,789,299 | +2.2% |
| Assessed Value | $162,347,534 | $158,789,299 | +2.2% |
| Land Value | $118,664,410 | $118,664,410 | +0.0% |
| Improvement Value | $43,683,124 | $40,124,889 | +8.9% |
| Taxable Value | $162,347,534 | $158,789,299 | +2.2% |
| Total Tax 2026 = estimate |
~$3,322,418
Estimated
|
~$3,042,386
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $162,347,534 | $162,347,534 | +0 (+0.0%) |
| Taxable Value | $162,347,534 | $162,347,534 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $162,347,534 | $118,664,410 | $43,683,124 | — | $162,347,534 | $162,347,534 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $158,789,299 | $118,664,410 | $40,124,889 | — | $158,789,299 | $158,789,299 | ~$3,042,386 | Partial |
| 2024 | $218,011,408 | — | — | — | — | $— | $3,371,781 | Verified |
| 2023 | $295,000,000 | — | — | — | — | $— | $3,567,827 | Verified |
| 2022 | $281,655,300 | — | — | — | — | $— | $5,826,023 | Verified |
| 2021 | $277,813,366 | — | — | −$173,149,140 | $104,664,226 | $— | $6,130,732 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | -17.0% | -17.0% | ~100% | Not available | Partial |
| 2024 | -12.3% | -12.3% | ~100% | 1.7600% | Verified |
| 2023 | -26.1% | -26.1% | ~100% | 1.6400% | Verified |
| 2022 | +4.7% | +4.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -43.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.2% | -9.0% | -13.4% | +4.7% | 2023 | -27.2% | 2025 |
| Assessment Ratio | 100.0% | 79.2% | — | 100.0% | 2025 | 37.7% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,042,386 | $4,387,750 | ~$2,083,832 | $6,130,732 | 2021 | $3,042,386 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$138,066,481 | ~$138,066,481 | ~2.0139% | ~$2,780,571 | -13.1% |
| 2027 | ~$120,048,097 | ~$120,048,097 | ~1.9814% | ~$2,378,619 | -24.4% |
| 2028 | ~$104,381,204 | ~$104,381,204 | ~1.9488% | ~$2,034,222 | -34.3% |
| 2029 | ~$90,758,922 | ~$90,758,922 | ~1.9163% | ~$1,739,205 | -42.8% |
| 2030 | ~$78,914,417 | ~$78,914,417 | ~1.8837% | ~$1,486,544 | -50.3% |
| 2026 | ~$150,849,834 | ~$150,849,834 | ~2.0465% | ~$3,087,119 | -5.0% |
| 2027 | ~$143,307,342 | ~$143,307,342 | ~2.0465% | ~$2,932,763 | -9.8% |
| 2028 | ~$136,141,975 | ~$136,141,975 | ~2.0465% | ~$2,786,125 | -14.3% |
| 2029 | ~$129,334,876 | ~$129,334,876 | ~2.0465% | ~$2,646,819 | -18.5% |
| 2030 | ~$122,868,133 | ~$122,868,133 | ~2.0465% | ~$2,514,478 | -22.6% |
| 2026 | ~$141,242,267 | ~$141,242,267 | ~1.9977% | ~$2,821,543 | -11.1% |
| 2027 | ~$125,634,272 | ~$125,634,272 | ~1.9488% | ~$2,448,410 | -20.9% |
| 2028 | ~$111,751,040 | ~$111,751,040 | ~1.9000% | ~$2,123,288 | -29.6% |
| 2029 | ~$99,401,977 | ~$99,401,977 | ~1.8512% | ~$1,840,123 | -37.4% |
| 2030 | ~$88,417,548 | ~$88,417,548 | ~1.8024% | ~$1,593,612 | -44.3% |
In 2025, this property's market value of $158,789,299 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 112× 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 | $158,789,299 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $218,011,408 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $295,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $281,655,300 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $277,813,366 | $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.