12829 1/2 PARMER LN TX 78753
| Owner | KARLIN MCCALLEN PASS LLC |
|---|---|
| Parcel ID | 0258280301 |
| Short ID | 874642 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 390,000 SF |
| Land SF | 1,681,416 SF |
| Acres | 38.600 |
| Year Built | 2022 |
| Legal | LOT 12A PARMER BUSINESS PARK AMD |
| Neighborhood | 51NEA |
| Land | $33,628,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $33,628,320 |
| Improvement | $11,801,091 |
|---|---|
| Total Improvement | $11,801,091 |
| Market | $45,429,411 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $45,429,411 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $45,429,411 |
| Taxable Value | $45,429,411 |
|---|
Appreciation: Market value has risen +575.5% from $6,725,664 (2021) to $45,429,411 (2025), a CAGR of 61.2% 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 Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant 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 $1,012,251. Pflugerville ISD is the largest single contributor, at 49.7% of the total 2025 levy.
Asset Class: Land / Vacant. 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 74% of market value ($33,628,320 land vs $11,801,091 improvements), about $20/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $45,429,411, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +61.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $494,697,289 by 2030, with an estimated annual tax burden around $1,378,926. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 168,000 SF | ✓ |
| 1ST | 1st Floor | 130,000 SF | ✓ |
| 2ND | 2nd Floor | 130,000 SF | ✓ |
| 3RD | 3rd Floor | 130,000 SF | ✓ |
| 4TH | 4th Floor | 130,000 SF | ✓ |
Market value changed by 610% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $502,858.15 | $502,858.15 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $238,057.84 | $238,057.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $170,744.17 | $170,744.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $53,617.15 | $53,617.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $46,974.01 | $46,974.01 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $1,012,251.32 | $1,012,251.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,429,411 | $45,429,411 | +0.0% |
| Assessed Value | $45,429,411 | $45,429,411 | +0.0% |
| Land Value | $33,628,320 | $33,628,320 | +0.0% |
| Improvement Value | $11,801,091 | $11,801,091 | +0.0% |
| Taxable Value | $45,429,411 | $45,429,411 | +0.0% |
| Total Tax 2026 = estimate |
~$1,012,251
Estimated
|
~$1,012,251
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $45,429,411 | $45,429,411 | +0 (+0.0%) |
| Taxable Value | $45,429,411 | $45,429,411 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,429,411 | $33,628,320 | $11,801,091 | — | $45,429,411 | $45,429,411 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $45,429,411 | $33,628,320 | $11,801,091 | — | $45,429,411 | $45,429,411 | ~$1,012,251 | Partial |
| 2024 | $47,728,376 | — | — | −$14,100,056 | $33,628,320 | $— | $1,316,588 | Verified |
| 2023 | $6,725,664 | — | — | — | $6,725,664 | $— | $982,702 | Verified |
| 2022 | $— | — | — | — | $6,725,664 | $— | $150,851 | Verified |
| 2021 | $6,725,664 | — | — | — | $6,725,664 | $— | $168,342 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -26.2% | -26.2% | ~100% | Not available | Partial |
| 2024 | +29.0% | +29.0% | ~100% | 2.1400% | Verified |
| 2023 | +609.6% ! | +609.6% | ~100% | 2.0600% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.2400% | Verified |
| 2021 | base year | — | ~100% | 2.5000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +575.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +151.2% | +61.2% | +609.6% | 2024 | -4.8% | 2025 |
| Assessment Ratio | 100.0% | 94.1% | — | 100.0% | 2021 | 70.5% | 2024 |
| 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 |
$1,012,251 | $869,971 | ~$1,225,864 | $1,316,588 | 2024 | $168,342 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$73,238,188 | ~$49,972,352 | ~2.1595% | ~$1,079,146 | +61.2% |
| 2027 | ~$118,069,596 | ~$54,969,587 | ~2.0908% | ~$1,149,298 | +159.9% |
| 2028 | ~$190,343,723 | ~$60,466,546 | ~2.0221% | ~$1,222,688 | +319.0% |
| 2029 | ~$306,859,127 | ~$66,513,201 | ~1.9534% | ~$1,299,263 | +575.5% |
| 2030 | ~$494,697,289 | ~$73,164,521 | ~1.8847% | ~$1,378,926 | +988.9% |
| 2026 | ~$72,329,600 | ~$49,972,352 | ~2.2282% | ~$1,113,476 | +59.2% |
| 2027 | ~$115,158,240 | ~$54,969,587 | ~2.2282% | ~$1,224,824 | +153.5% |
| 2028 | ~$183,347,070 | ~$60,466,546 | ~2.2282% | ~$1,347,307 | +303.6% |
| 2029 | ~$291,912,660 | ~$66,513,201 | ~2.2282% | ~$1,482,037 | +542.6% |
| 2030 | ~$464,763,364 | ~$73,164,521 | ~2.2282% | ~$1,630,241 | +923.0% |
| 2026 | ~$74,146,776 | ~$49,972,352 | ~2.1251% | ~$1,061,981 | +63.2% |
| 2027 | ~$121,017,295 | ~$54,969,587 | ~2.0221% | ~$1,111,534 | +166.4% |
| 2028 | ~$197,516,148 | ~$60,466,546 | ~1.9190% | ~$1,160,378 | +334.8% |
| 2029 | ~$322,372,343 | ~$66,513,201 | ~1.8160% | ~$1,207,876 | +609.6% |
| 2030 | ~$526,154,080 | ~$73,164,521 | ~1.7129% | ~$1,253,269 | +1058.2% |
In 2025, this property's market value of $45,429,411 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 534× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $45,429,411 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $47,728,376 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $6,725,664 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $6,725,664 | $6,000 | $14,480 | $80,000 | ↑ 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.