11501 1/2 BURNET RD 78758
| Owner | ONE UPTOWN OFFICE PROPERTY LP |
|---|---|
| Parcel ID | 0256081702 |
| Short ID | 960042 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 100,070 SF |
| Land SF | 87,813 SF |
| Acres | 2.016 |
| Year Built | 2022 |
| Legal | ONE UPTOWN CONDOMINIUM UNT COMMERCIAL UNIT PLUS 47.96 % INT IN COM AREA |
| Neighborhood | NW |
| Land | $5,707,866 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,707,866 |
| Improvement | $47,313,652 |
|---|---|
| Total Improvement | $47,313,652 |
| Market | $53,021,518 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $53,021,518 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $53,021,518 |
| Taxable Value | $53,021,518 |
|---|
Appreciation: Market value has risen +475.0% from $9,221,304 (2023) to $53,021,518 (2025), a CAGR of 139.8% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 +0.2%, 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 $1,085,077. 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 11% of market value ($5,707,866 land vs $47,313,652 improvements), about $65/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $53,021,518, 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 +139.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,203,409,501 by 2030, with an estimated annual tax burden around $1,608,559. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 222,835 SF | ✓ |
| 3RD | 3rd Floor | 44,854 SF | ✓ |
| 5TH | 5th Floor | 44,567 SF | ✓ |
| 4TH | 4th Floor | 43,933 SF | ✓ |
| 2ND | 2nd Floor | 41,107 SF | ✓ |
| 1ST | 1st Floor | 14,109 SF | ✓ |
Market value changed by 165% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $490,555.08 | $490,555.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $277,841.77 | $277,841.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $199,278.72 | $199,278.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $62,577.59 | $62,577.59 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,824.25 | $54,824.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,085,077.41 | $1,085,077.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $102,800,000 | $53,021,518 | +93.9% |
| Assessed Value | $102,800,000 | $53,021,518 | +93.9% |
| Land Value | $5,707,866 | $5,707,866 | +0.0% |
| Improvement Value | $97,092,134 | $47,313,652 | +105.2% |
| Taxable Value | $102,800,000 | $53,021,518 | +93.9% |
| Total Tax 2026 = estimate |
~$2,103,787
Estimated
|
~$1,085,077
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $133,330,145 | $102,800,000 | -30,530,145 (-22.9%) |
| Taxable Value | $133,330,145 | $102,800,000 | -30,530,145 (-22.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $102,800,000 | $5,707,866 | $97,092,134 | — | $102,800,000 | $102,800,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $53,021,518 | $5,707,866 | $47,313,652 | — | $53,021,518 | $53,021,518 | ~$1,085,077 | Partial |
| 2024 | $24,434,846 | — | — | −$18,726,980 | $5,707,866 | $— | $1,590,505 | Verified |
| 2023 | $9,221,304 | — | — | −$3,513,438 | $5,707,866 | $— | $442,087 | Verified |
| 2022 | $— | — | — | — | $5,707,866 | $— | $182,114 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +151.5% ! | +151.5% | ~100% | Not available | Partial |
| 2025 | -40.8% | -40.8% | ~100% | Not available | Partial |
| 2024 | +266.8% ! | +266.8% | ~100% | 1.7700% | Verified |
| 2023 | +165.0% ! | +165.0% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +475.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +93.9% | +125.3% | +116.6% | +165.0% | 2024 | +93.9% | 2026 |
| Assessment Ratio | 100.0% | 71.3% | — | 100.0% | 2025 | 23.4% | 2024 |
| 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 |
$1,085,077 | $1,039,223 | ~$1,383,453 | $1,590,505 | 2024 | $442,087 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$127,139,959 | ~$58,323,670 | ~2.0139% | ~$1,174,602 | +139.8% |
| 2027 | ~$304,868,094 | ~$64,156,037 | ~1.9814% | ~$1,271,180 | +475.0% |
| 2028 | ~$731,041,251 | ~$70,571,640 | ~1.9488% | ~$1,375,328 | +1278.8% |
| 2029 | ~$1,752,959,138 | ~$77,628,805 | ~1.9163% | ~$1,487,594 | +3206.1% |
| 2030 | ~$4,203,409,501 | ~$85,391,685 | ~1.8837% | ~$1,608,559 | +7827.7% |
| 2026 | ~$126,079,528 | ~$58,323,670 | ~2.0465% | ~$1,193,585 | +137.8% |
| 2027 | ~$299,803,704 | ~$64,156,037 | ~2.0465% | ~$1,312,944 | +465.4% |
| 2028 | ~$712,901,309 | ~$70,571,640 | ~2.0465% | ~$1,444,238 | +1244.6% |
| 2029 | ~$1,695,203,462 | ~$77,628,805 | ~2.0465% | ~$1,588,662 | +3097.2% |
| 2030 | ~$4,031,013,464 | ~$85,391,685 | ~2.0465% | ~$1,747,528 | +7502.6% |
| 2026 | ~$128,200,389 | ~$58,323,670 | ~1.9977% | ~$1,165,110 | +141.8% |
| 2027 | ~$309,974,901 | ~$64,156,037 | ~1.9488% | ~$1,250,298 | +484.6% |
| 2028 | ~$749,486,329 | ~$70,571,640 | ~1.9000% | ~$1,340,873 | +1313.6% |
| 2029 | ~$1,812,178,199 | ~$77,628,805 | ~1.8512% | ~$1,437,060 | +3317.8% |
| 2030 | ~$4,381,654,071 | ~$85,391,685 | ~1.8024% | ~$1,539,075 | +8163.9% |
In 2025, this property's market value of $53,021,518 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 37× 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 | $53,021,518 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $24,434,846 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,221,304 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.