12318 N MO-PAC EXPRESSWAY TX 78758
| Owner | STORAGE TRUST PROPERTIES L P |
|---|---|
| Parcel ID | 0262131109 |
| Short ID | 461491 |
| Type | Real |
| Use Code | 63 Mini-Warehouse / Self-Storage |
| Valuation | Income |
| Improvement SF | 82,618 SF |
| Land SF | 102,365 SF |
| Acres | 2.350 |
| Year Built | 1998 |
| Legal | LOT 3A&4A BLK A NORTH CENTRAL ESTATES SEC 1-B |
| Neighborhood | 63FNOR |
| Land | $3,070,950 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,070,950 |
| Improvement | $7,572,154 |
|---|---|
| Total Improvement | $7,572,154 |
| Market | $10,643,104 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,643,104 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,643,104 |
| Taxable Value | $10,643,104 |
|---|
Appreciation: Market value has risen +17.1% from $9,089,797 (2021) to $10,643,104 (2025), a CAGR of 4.0% 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 $217,810. 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 ($3,070,950 land vs $7,572,154 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,643,104, 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 +4.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,963,162 by 2030, with an estimated annual tax burden around $244,193. 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 60,818 SF | ✗ |
| 2ND | 2nd Floor | 41,761 SF | ✓ |
| 1ST | 1st Floor | 40,857 SF | ✓ |
| 093 | HVAC COMMRCL SF | 40,850 SF | ✗ |
| 551 | PAVED AREA | 34,640 SF | ✗ |
| 483 | LIVING QUARTERS | 1,422 SF | ✓ |
| 611 | TERRACE | 1,154 SF | ✗ |
| 501 | CANOPY | 1,060 SF | ✗ |
| 435 | FENCE IRON LF | 411 SF | ✗ |
| 881 | COMMCL FINISHOUT | 96 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% | $93,815.28 | $93,815.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $53,135.32 | $53,135.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $38,110.68 | $38,110.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,967.53 | $11,967.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,484.76 | $10,484.76 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $207,513.57 | $207,513.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,546,984 | $10,643,104 | -0.9% |
| Assessed Value | $10,546,984 | $10,643,104 | -0.9% |
| Land Value | $3,070,950 | $3,070,950 | +0.0% |
| Improvement Value | $7,476,034 | $7,572,154 | -1.3% |
| Taxable Value | $10,546,984 | $10,643,104 | -0.9% |
| Total Tax 2026 = estimate |
~$215,842
Estimated
|
~$207,514
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,546,984 | $10,546,984 | +0 (+0.0%) |
| Taxable Value | $10,546,984 | $10,546,984 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,546,984 | $3,070,950 | $7,476,034 | — | $10,546,984 | $10,546,984 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,643,104 | $3,070,950 | $7,572,154 | — | $10,643,104 | $10,643,104 | ~$207,514 | Partial |
| 2024 | $9,600,000 | — | — | −$6,529,050 | $3,070,950 | $— | $200,861 | Verified |
| 2023 | $8,900,000 | — | — | −$6,340,875 | $2,559,125 | $— | $174,407 | Verified |
| 2022 | $8,649,809 | — | — | −$6,090,684 | $2,559,125 | $— | $176,107 | Verified |
| 2021 | $9,089,797 | — | — | −$6,530,672 | $2,559,125 | $— | $187,247 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.9% | -0.9% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +5.1% | +5.1% | ~100% | 1.8500% | Verified |
| 2023 | +11.8% | +11.8% | ~100% | 1.6900% | Verified |
| 2022 | +6.9% | +6.9% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.9% | +3.2% | +4.2% | +10.9% | 2025 | -4.8% | 2022 |
| Assessment Ratio | 100.0% | 53.1% | — | 100.0% | 2025 | 28.2% | 2021 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$207,514 | $189,227 | ~$233,525 | $207,514 | 2025 | $174,407 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,071,255 | ~$11,071,255 | ~2.0139% | ~$222,968 | +4.0% |
| 2027 | ~$11,516,629 | ~$11,516,629 | ~1.9814% | ~$228,189 | +8.2% |
| 2028 | ~$11,979,919 | ~$11,979,919 | ~1.9488% | ~$233,469 | +12.6% |
| 2029 | ~$12,461,847 | ~$12,461,847 | ~1.9163% | ~$238,805 | +17.1% |
| 2030 | ~$12,963,162 | ~$12,963,162 | ~1.8837% | ~$244,193 | +21.8% |
| 2026 | ~$10,858,392 | ~$10,858,392 | ~2.0465% | ~$222,215 | +2.0% |
| 2027 | ~$11,078,036 | ~$11,078,036 | ~2.0465% | ~$226,710 | +4.1% |
| 2028 | ~$11,302,122 | ~$11,302,122 | ~2.0465% | ~$231,296 | +6.2% |
| 2029 | ~$11,530,741 | ~$11,530,741 | ~2.0465% | ~$235,975 | +8.3% |
| 2030 | ~$11,763,985 | ~$11,763,985 | ~2.0465% | ~$240,748 | +10.5% |
| 2026 | ~$11,284,117 | ~$11,284,117 | ~1.9977% | ~$225,419 | +6.0% |
| 2027 | ~$11,963,736 | ~$11,963,736 | ~1.9488% | ~$233,154 | +12.4% |
| 2028 | ~$12,684,288 | ~$12,684,288 | ~1.9000% | ~$241,004 | +19.2% |
| 2029 | ~$13,448,237 | ~$13,448,237 | ~1.8512% | ~$248,953 | +26.4% |
| 2030 | ~$14,258,197 | ~$14,258,197 | ~1.8024% | ~$256,986 | +34.0% |
In 2025, this property's market value of $10,643,104 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $10,643,104 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,600,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,649,809 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,089,797 | $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.