12357 RIATA TRACE PKWY 1 TX 78727
| Owner | RCOP OFFICE OWNER LP |
|---|---|
| Parcel ID | 0266000119 |
| Short ID | 527976 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 94,274 SF |
| Land SF | 263,102 SF |
| Acres | 6.040 |
| Year Built | 1999 |
| Legal | LOT 2 BLK A RIATA CORPORATE PARK SEC II |
| Neighborhood | 51FNW |
| Land | $2,631,020 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,631,020 |
| Improvement | $16,074,276 |
|---|---|
| Total Improvement | $16,074,276 |
| Market | $18,705,296 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,705,296 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,705,296 |
| Taxable Value | $18,705,296 |
|---|
Appreciation: Market value has fallen -39.5% from $30,936,858 (2021) to $18,705,296 (2025), a CAGR of -11.8% 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 $382,801. 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 14% of market value ($2,631,020 land vs $16,074,276 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $18,705,296, 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 -11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,972,983 by 2030, with an estimated annual tax burden around $187,865. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 95,158 SF | ✗ |
| 2ND | 2nd Floor | 32,634 SF | ✓ |
| 1ST | 1st Floor | 30,820 SF | ✓ |
| 3RD | 3rd Floor | 30,820 SF | ✓ |
| 501 | CANOPY | 930 SF | ✗ |
| LOBBY | Lobby | 884 SF | ✓ |
| 411 | SOLAR DEVICES RESIDENTIAL | 122 SF | ✓ |
| 333 | MECHANICAL RM FV | 1 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% | $165,562.79 | $165,562.79 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $93,771.85 | $93,771.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $67,256.75 | $67,256.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,119.99 | $21,119.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,503.23 | $18,503.23 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $366,214.61 | $366,214.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,740,192 | $18,705,296 | -10.5% |
| Assessed Value | $16,740,192 | $18,705,296 | -10.5% |
| Land Value | $2,631,020 | $2,631,020 | +0.0% |
| Improvement Value | $14,109,172 | $16,074,276 | -12.2% |
| Taxable Value | $16,740,192 | $18,705,296 | -10.5% |
| Total Tax 2026 = estimate |
~$342,586
Estimated
|
~$366,215
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,740,192 | $16,740,192 | +0 (+0.0%) |
| Taxable Value | $16,740,192 | $16,740,192 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,740,192 | $2,631,020 | $14,109,172 | — | $16,740,192 | $16,740,192 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,705,296 | $2,631,020 | $16,074,276 | — | $18,705,296 | $18,705,296 | ~$366,215 | Partial |
| 2024 | $29,223,688 | — | — | −$26,592,668 | $2,631,020 | $— | $425,954 | Verified |
| 2023 | $33,738,347 | — | — | −$31,107,327 | $2,631,020 | $— | $530,613 | Verified |
| 2022 | $31,500,000 | — | — | −$28,868,980 | $2,631,020 | $— | $667,961 | Verified |
| 2021 | $30,936,858 | — | — | −$28,305,838 | $2,631,020 | $— | $687,882 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.5% | -10.5% | ~100% | Not available | Partial |
| 2025 | -18.0% | -18.0% | ~100% | Not available | Partial |
| 2024 | -26.7% | -26.7% | ~100% | 1.8700% | Verified |
| 2023 | -12.1% | -12.1% | ~100% | 1.7000% | Verified |
| 2022 | +5.3% | +5.3% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -44.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.5% | -10.2% | -9.7% | +7.1% | 2023 | -36.0% | 2025 |
| Assessment Ratio | 100.0% | 38.9% | — | 100.0% | 2025 | 7.8% | 2023 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$366,215 | $535,725 | ~$254,984 | $687,882 | 2021 | $366,215 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,494,406 | ~$16,494,406 | ~2.0139% | ~$332,187 | -11.8% |
| 2027 | ~$14,544,834 | ~$14,544,834 | ~1.9814% | ~$288,190 | -22.2% |
| 2028 | ~$12,825,694 | ~$12,825,694 | ~1.9488% | ~$249,952 | -31.4% |
| 2029 | ~$11,309,749 | ~$11,309,749 | ~1.9163% | ~$216,728 | -39.5% |
| 2030 | ~$9,972,983 | ~$9,972,983 | ~1.8837% | ~$187,865 | -46.7% |
| 2026 | ~$17,770,031 | ~$17,770,031 | ~2.0465% | ~$363,661 | -5.0% |
| 2027 | ~$16,881,530 | ~$16,881,530 | ~2.0465% | ~$345,478 | -9.7% |
| 2028 | ~$16,037,453 | ~$16,037,453 | ~2.0465% | ~$328,204 | -14.3% |
| 2029 | ~$15,235,581 | ~$15,235,581 | ~2.0465% | ~$311,794 | -18.5% |
| 2030 | ~$14,473,801 | ~$14,473,801 | ~2.0465% | ~$296,204 | -22.6% |
| 2026 | ~$16,868,512 | ~$16,868,512 | ~1.9977% | ~$336,976 | -9.8% |
| 2027 | ~$15,212,093 | ~$15,212,093 | ~1.9488% | ~$296,459 | -18.7% |
| 2028 | ~$13,718,327 | ~$13,718,327 | ~1.9000% | ~$260,651 | -26.7% |
| 2029 | ~$12,371,243 | ~$12,371,243 | ~1.8512% | ~$229,016 | -33.9% |
| 2030 | ~$11,156,437 | ~$11,156,437 | ~1.8024% | ~$201,080 | -40.4% |
In 2025, this property's market value of $18,705,296 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 13× 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 | $18,705,296 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $29,223,688 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $33,738,347 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $31,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $30,936,858 | $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.