12411 N MO-PAC EXPRESSWAY TX
| Owner | IPERS MARKET AT PARMER INC |
|---|---|
| Parcel ID | 0262130321 |
| Short ID | 266434 |
| Type | Real |
| Use Code | 44 Grocery Store |
| Valuation | Income |
| Improvement SF | 65,069 SF |
| Land SF | 231,279 SF |
| Acres | 5.309 |
| Year Built | 1985 |
| Legal | LOT 2 PARMER SQUARE SUBD |
| Neighborhood | 42NOR |
| Land | $6,938,374 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,938,374 |
| Improvement | $6,985,823 |
|---|---|
| Total Improvement | $6,985,823 |
| Market | $13,924,197 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,924,197 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,924,197 |
| Taxable Value | $13,924,197 |
|---|
Appreciation: Market value has risen +14.5% from $12,162,688 (2021) to $13,924,197 (2025), a CAGR of 3.4% 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 $284,957. 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 50% of market value ($6,938,374 land vs $6,985,823 improvements), about $30/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $13,924,197, 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 +3.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $16,489,060 by 2030, with an estimated annual tax burden around $310,611. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 158,140 SF | ✗ |
| 491 | SPRINKLER HEADS | 68,750 SF | ✗ |
| 1ST | 1st Floor | 65,069 SF | ✓ |
| SO | Sketch Only | 10,491 SF | ✗ |
| MEZZ | Mezzanine | 3,681 SF | ✓ |
| 611 | TERRACE | 2,544 SF | ✗ |
| 501 | CANOPY | 1,718 SF | ✗ |
| 327 | STORAGE COMM'L | 140 SF | ✓ |
| 541 | FENCE COMM LF | 72 SF | ✗ |
| 482 | LIGHT POLES | 10 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% | $117,963.00 | $117,963.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $66,812.17 | $66,812.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $47,920.24 | $47,920.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,047.93 | $15,047.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,183.50 | $13,183.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $260,926.84 | $260,926.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $14,500,000 | $13,924,197 | +4.1% |
| Assessed Value | $14,500,000 | $13,924,197 | +4.1% |
| Land Value | $6,938,374 | $6,938,374 | +0.0% |
| Improvement Value | $7,561,626 | $6,985,823 | +8.2% |
| Taxable Value | $14,500,000 | $13,924,197 | +4.1% |
| Total Tax 2026 = estimate |
~$296,740
Estimated
|
~$260,927
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,500,000 | $14,500,000 | +0 (+0.0%) |
| Taxable Value | $14,500,000 | $14,500,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $14,500,000 | $6,938,374 | $7,561,626 | — | $14,500,000 | $14,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,924,197 | $6,938,374 | $6,985,823 | — | $13,924,197 | $13,924,197 | ~$260,927 | Partial |
| 2024 | $10,511,000 | — | — | −$3,572,626 | $6,938,374 | $— | $194,465 | Verified |
| 2023 | $10,511,000 | — | — | −$3,572,626 | $6,938,374 | $— | $181,429 | Verified |
| 2022 | $9,923,000 | — | — | −$2,984,626 | $6,938,374 | $— | $207,584 | Verified |
| 2021 | $12,162,688 | — | — | −$5,224,314 | $6,938,374 | $— | $215,992 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.1% | +4.1% | ~100% | Not available | Partial |
| 2025 | +37.9% | +37.9% | ~100% | Not available | Partial |
| 2024 | -3.9% | -3.9% | ~100% | 1.9300% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.7300% | Verified |
| 2022 | +5.9% | +5.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +40.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.1% | +4.8% | +2.6% | +32.5% | 2025 | -18.4% | 2022 |
| Assessment Ratio | 100.0% | 76.5% | — | 100.0% | 2025 | 57.0% | 2021 |
| Effective Tax Rate (2025) | 1.8700% | 1.8700% | — | 1.8700% | 2025 | 1.8700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$260,927 | $212,079 | ~$300,336 | $260,927 | 2025 | $181,429 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$14,403,078 | ~$14,403,078 | ~2.0139% | ~$290,069 | +3.4% |
| 2027 | ~$14,898,428 | ~$14,898,428 | ~1.9814% | ~$295,196 | +7.0% |
| 2028 | ~$15,410,815 | ~$15,410,815 | ~1.9488% | ~$300,332 | +10.7% |
| 2029 | ~$15,940,823 | ~$15,940,823 | ~1.9163% | ~$305,473 | +14.5% |
| 2030 | ~$16,489,060 | ~$16,489,060 | ~1.8837% | ~$310,611 | +18.4% |
| 2026 | ~$14,124,594 | ~$14,124,594 | ~2.0465% | ~$289,058 | +1.4% |
| 2027 | ~$14,327,875 | ~$14,327,875 | ~2.0465% | ~$293,218 | +2.9% |
| 2028 | ~$14,534,081 | ~$14,534,081 | ~2.0465% | ~$297,438 | +4.4% |
| 2029 | ~$14,743,256 | ~$14,743,256 | ~2.0465% | ~$301,719 | +5.9% |
| 2030 | ~$14,955,441 | ~$14,955,441 | ~2.0465% | ~$306,061 | +7.4% |
| 2026 | ~$14,681,562 | ~$14,681,562 | ~1.9977% | ~$293,288 | +5.4% |
| 2027 | ~$15,480,121 | ~$15,480,121 | ~1.9488% | ~$301,683 | +11.2% |
| 2028 | ~$16,322,116 | ~$16,322,116 | ~1.9000% | ~$310,123 | +17.2% |
| 2029 | ~$17,209,908 | ~$17,209,908 | ~1.8512% | ~$318,589 | +23.6% |
| 2030 | ~$18,145,989 | ~$18,145,989 | ~1.8024% | ~$327,058 | +30.3% |
In 2025, this property's market value of $13,924,197 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $13,924,197 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $10,511,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $10,511,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,923,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $12,162,688 | $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.