2900 ESPERANZA CROSSING TX 78758
| Owner | 2900 ESPERANZA CROSSING LP |
|---|---|
| Parcel ID | 0256081013 |
| Short ID | 812919 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 110,457 SF |
| Land SF | 185,391 SF |
| Acres | 4.256 |
| Year Built | 2008 |
| Legal | LOT 3A RREEF DOMAIN BLOCK V SUBD |
| Neighborhood | 51NWE |
| Land | $18,539,136 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $18,539,136 |
| Improvement | $45,950,175 |
|---|---|
| Total Improvement | $45,950,175 |
| Market | $64,489,311 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $64,489,311 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $64,489,311 |
| Taxable Value | $64,489,311 |
|---|
Appreciation: Market value has fallen -15.3% from $76,176,897 (2021) to $64,489,311 (2025), a CAGR of -4.1% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,319,764. 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 29% of market value ($18,539,136 land vs $45,950,175 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $64,489,311, 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 -4.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $52,368,280 by 2030, with an estimated annual tax burden around $986,484. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 170,171 SF | ✓ |
| 1ST | 1st Floor | 40,254 SF | ✓ |
| 3RD | 3rd Floor | 35,103 SF | ✓ |
| 4TH | 4th Floor | 35,103 SF | ✓ |
| 2ND | 2nd Floor | 35,100 SF | ✓ |
| 5TH | 5th Floor | 34,708 SF | ✓ |
| 501 | CANOPY | 2,580 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% | $596,655.11 | $596,655.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $337,934.95 | $337,934.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $242,379.85 | $242,379.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $76,112.22 | $76,112.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $66,681.95 | $66,681.95 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,319,764.08 | $1,319,764.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $64,079,387 | $64,489,311 | -0.6% |
| Assessed Value | $64,079,387 | $64,489,311 | -0.6% |
| Land Value | $18,539,136 | $18,539,136 | +0.0% |
| Improvement Value | $45,540,251 | $45,950,175 | -0.9% |
| Taxable Value | $64,079,387 | $64,489,311 | -0.6% |
| Total Tax 2026 = estimate |
~$1,311,375
Estimated
|
~$1,319,764
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $64,079,387 | $64,079,387 | +0 (+0.0%) |
| Taxable Value | $64,079,387 | $64,079,387 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $64,079,387 | $18,539,136 | $45,540,251 | — | $64,079,387 | $64,079,387 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $64,489,311 | $18,539,136 | $45,950,175 | — | $64,489,311 | $64,489,311 | ~$1,319,764 | Partial |
| 2024 | $92,300,000 | — | — | −$73,760,864 | $18,539,136 | $— | $1,393,216 | Verified |
| 2023 | $92,758,762 | — | — | −$74,219,626 | $18,539,136 | $— | $1,671,759 | Verified |
| 2022 | $82,525,049 | — | — | −$70,474,611 | $12,050,438 | $— | $1,831,914 | Verified |
| 2021 | $76,176,897 | — | — | −$65,053,415 | $11,123,482 | $— | $1,796,305 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.6% | -0.6% | ~100% | Not available | Partial |
| 2025 | -8.3% | -8.3% | ~100% | Not available | Partial |
| 2024 | -25.3% | -25.3% | ~100% | 1.9800% | Verified |
| 2023 | +1.5% | +1.5% | ~100% | 1.7800% | Verified |
| 2022 | +12.4% | +12.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -21.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.6% | -2.1% | -4.0% | +12.4% | 2023 | -30.1% | 2025 |
| Assessment Ratio | 100.0% | 44.9% | — | 100.0% | 2025 | 14.6% | 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 |
$1,319,764 | $1,602,592 | ~$1,112,674 | $1,831,914 | 2022 | $1,319,764 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$61,859,136 | ~$61,859,136 | ~2.0139% | ~$1,245,804 | -4.1% |
| 2027 | ~$59,336,232 | ~$59,336,232 | ~1.9814% | ~$1,175,681 | -8.0% |
| 2028 | ~$56,916,224 | ~$56,916,224 | ~1.9488% | ~$1,109,206 | -11.7% |
| 2029 | ~$54,594,915 | ~$54,594,915 | ~1.9163% | ~$1,046,197 | -15.3% |
| 2030 | ~$52,368,280 | ~$52,368,280 | ~1.8837% | ~$986,484 | -18.8% |
| 2026 | ~$61,264,845 | ~$61,264,845 | ~2.0465% | ~$1,253,776 | -5.0% |
| 2027 | ~$58,201,603 | ~$58,201,603 | ~2.0465% | ~$1,191,087 | -9.8% |
| 2028 | ~$55,291,523 | ~$55,291,523 | ~2.0465% | ~$1,131,533 | -14.3% |
| 2029 | ~$52,526,947 | ~$52,526,947 | ~2.0465% | ~$1,074,956 | -18.5% |
| 2030 | ~$49,900,600 | ~$49,900,600 | ~2.0465% | ~$1,021,208 | -22.6% |
| 2026 | ~$63,148,922 | ~$63,148,922 | ~1.9977% | ~$1,261,502 | -2.1% |
| 2027 | ~$61,836,393 | ~$61,836,393 | ~1.9488% | ~$1,205,092 | -4.1% |
| 2028 | ~$60,551,145 | ~$60,551,145 | ~1.9000% | ~$1,150,482 | -6.1% |
| 2029 | ~$59,292,610 | ~$59,292,610 | ~1.8512% | ~$1,097,621 | -8.1% |
| 2030 | ~$58,060,233 | ~$58,060,233 | ~1.8024% | ~$1,046,461 | -10.0% |
In 2025, this property's market value of $64,489,311 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 45× 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 | $64,489,311 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $92,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $92,758,762 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $82,525,049 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $76,176,897 | $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.