12319 N MO-PAC EXPRESSWAY 1 TX 78758
| Owner | RK INVESTMENTS NO ONE-PLAZA NORTH LLC |
|---|---|
| Parcel ID | 0262131402 |
| Short ID | 779222 |
| Type | Real |
| Use Code | 58 Bank — Branch Office |
| Valuation | Income |
| Improvement SF | 6,318 SF |
| Land SF | 15,691 SF |
| Acres | 0.360 |
| Year Built | 2009 |
| Legal | UNT 1 PLAZA NORTH MASTER CONDOMINIUMS PLUS 11.89 % INT IN COM AREA |
| Neighborhood | 58NOR |
| Land | $470,719 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $470,719 |
| Improvement | $2,077,570 |
|---|---|
| Total Improvement | $2,077,570 |
| Market | $2,548,289 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,548,289 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,548,289 |
| Taxable Value | $2,548,289 |
|---|
Appreciation: Market value has risen +53.3% from $1,662,000 (2021) to $2,548,289 (2025), a CAGR of 11.3% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $52,150. 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 18% of market value ($470,719 land vs $2,077,570 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~17 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,548,289, this parcel sits in the upper-middle (50th–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 +11.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,347,812 by 2030, with an estimated annual tax burden around $77,310. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 14,121 SF | ✗ |
| 1ST | 1st Floor | 3,900 SF | ✓ |
| 2ND | 2nd Floor | 2,418 SF | ✓ |
| 503 | CANOPY - BANK | 420 SF | ✗ |
| 501 | CANOPY | 214 SF | ✗ |
| 482 | LIGHT POLES | 6 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% | $23,576.77 | $23,576.77 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,353.47 | $13,353.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,577.62 | $9,577.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,007.57 | $3,007.57 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,634.93 | $2,634.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,150.36 | $52,150.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,627,583 | $2,548,289 | +3.1% |
| Assessed Value | $2,627,583 | $2,548,289 | +3.1% |
| Land Value | $470,719 | $470,719 | +0.0% |
| Improvement Value | $2,156,864 | $2,077,570 | +3.8% |
| Taxable Value | $2,627,583 | $2,548,289 | +3.1% |
| Total Tax 2026 = estimate |
~$53,773
Estimated
|
~$52,150
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,627,583 | $2,627,583 | +0 (+0.0%) |
| Taxable Value | $2,627,583 | $2,627,583 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,627,583 | $470,719 | $2,156,864 | — | $2,627,583 | $2,627,583 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,548,289 | $470,719 | $2,077,570 | — | $2,548,289 | $2,548,289 | ~$52,150 | Partial |
| 2024 | $1,844,650 | — | — | −$1,373,931 | $470,719 | $— | $43,869 | Verified |
| 2023 | $1,688,089 | — | — | −$1,562,564 | $125,525 | $— | $33,374 | Verified |
| 2022 | $1,704,712 | — | — | −$1,579,187 | $125,525 | $— | $33,338 | Verified |
| 2021 | $1,662,000 | — | — | −$1,536,475 | $125,525 | $— | $37,106 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2025 | +2.4% | +15.1% | ~100% | Not available | Partial |
| 2024 | +34.9% | +20.0% | 89.0% | 1.7600% | Verified |
| 2023 | +9.3% | +9.3% | ~100% | 1.8100% | Verified |
| 2022 | -1.0% | -1.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +49.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.1% | +10.4% | +10.6% | +38.1% | 2025 | -1.0% | 2023 |
| Assessment Ratio | 100.0% | 41.3% | — | 100.0% | 2025 | 7.4% | 2022 |
| 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 |
$52,150 | $39,968 | ~$66,491 | $52,150 | 2025 | $33,338 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,835,653 | ~$2,803,118 | ~2.0139% | ~$56,453 | +11.3% |
| 2027 | ~$3,155,422 | ~$3,083,430 | ~1.9814% | ~$61,095 | +23.8% |
| 2028 | ~$3,511,251 | ~$3,391,773 | ~1.9488% | ~$66,100 | +37.8% |
| 2029 | ~$3,907,206 | ~$3,730,950 | ~1.9163% | ~$71,496 | +53.3% |
| 2030 | ~$4,347,812 | ~$4,104,045 | ~1.8837% | ~$77,310 | +70.6% |
| 2026 | ~$2,784,687 | ~$2,784,687 | ~2.0465% | ~$56,988 | +9.3% |
| 2027 | ~$3,043,016 | ~$3,043,016 | ~2.0465% | ~$62,275 | +19.4% |
| 2028 | ~$3,325,308 | ~$3,325,308 | ~2.0465% | ~$68,052 | +30.5% |
| 2029 | ~$3,633,789 | ~$3,633,789 | ~2.0465% | ~$74,365 | +42.6% |
| 2030 | ~$3,970,886 | ~$3,970,886 | ~2.0465% | ~$81,264 | +55.8% |
| 2026 | ~$2,886,619 | ~$2,803,118 | ~1.9977% | ~$55,997 | +13.3% |
| 2027 | ~$3,269,868 | ~$3,083,430 | ~1.9488% | ~$60,091 | +28.3% |
| 2028 | ~$3,704,000 | ~$3,391,773 | ~1.9000% | ~$64,444 | +45.4% |
| 2029 | ~$4,195,771 | ~$3,730,950 | ~1.8512% | ~$69,067 | +64.7% |
| 2030 | ~$4,752,832 | ~$4,104,045 | ~1.8024% | ~$73,970 | +86.5% |
In 2025, this property's market value of $2,548,289 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +80% above 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 | $2,548,289 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,844,650 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,688,089 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,704,712 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,662,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.