12357 RIATA TRACE PKWY 2 TX 78727
| Owner | RCOP OFFICE OWNER LP |
|---|---|
| Parcel ID | 0266000120 |
| Short ID | 527977 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 94,324 SF |
| Land SF | 236,487 SF |
| Acres | 5.429 |
| Year Built | 2000 |
| Legal | LOT 3 BLK A RIATA CORPORATE PARK SEC II |
| Neighborhood | 51FNW |
| Land | $2,364,870 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,364,870 |
| Improvement | $13,081,051 |
|---|---|
| Total Improvement | $13,081,051 |
| Market | $15,445,921 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,445,921 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,445,921 |
| Taxable Value | $15,445,921 |
|---|
Appreciation: Market value has fallen -50.1% from $30,938,836 (2021) to $15,445,921 (2025), a CAGR of -15.9% 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 $316,098. 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 15% of market value ($2,364,870 land vs $13,081,051 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~26 yrs), and rent roll drive the underwriting.
Submarket Position: At $15,445,921, 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 -15.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,481,882 by 2030, with an estimated annual tax burden around $122,102. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 200,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 95,208 SF | ✗ |
| 3RD | 3rd Floor | 32,684 SF | ✓ |
| 1ST | 1st Floor | 30,820 SF | ✓ |
| 2ND | 2nd Floor | 30,820 SF | ✓ |
| SO | Sketch Only | 9,000 SF | ✗ |
| 611 | TERRACE | 1,800 SF | ✗ |
| 501 | CANOPY | 980 SF | ✗ |
| LOBBY | Lobby | 884 SF | ✓ |
| 437 | FENCE MASON LF | 112 SF | ✗ |
| 482 | LIGHT POLES | 39 SF | ✓ |
| 333 | MECHANICAL RM FV | 1 SF | ✓ |
| 414 | FOUNTAIN OUTDOOR | 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% | $136,713.68 | $136,713.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $77,432.22 | $77,432.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $55,537.35 | $55,537.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $17,439.86 | $17,439.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $15,279.07 | $15,279.07 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $302,402.18 | $302,402.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $15,783,398 | $15,445,921 | +2.2% |
| Assessed Value | $15,783,398 | $15,445,921 | +2.2% |
| Land Value | $2,364,870 | $2,364,870 | +0.0% |
| Improvement Value | $13,418,528 | $13,081,051 | +2.6% |
| Taxable Value | $15,783,398 | $15,445,921 | +2.2% |
| Total Tax 2026 = estimate |
~$323,005
Estimated
|
~$302,402
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $15,783,398 | $15,783,398 | +0 (+0.0%) |
| Taxable Value | $15,783,398 | $15,783,398 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $15,783,398 | $2,364,870 | $13,418,528 | — | $15,783,398 | $15,783,398 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,445,921 | $2,364,870 | $13,081,051 | — | $15,445,921 | $15,445,921 | ~$302,402 | Partial |
| 2024 | $29,225,548 | — | — | −$26,860,678 | $2,364,870 | $— | $396,581 | Verified |
| 2023 | $33,740,529 | — | — | −$31,375,659 | $2,364,870 | $— | $530,646 | Verified |
| 2022 | $31,500,000 | — | — | −$29,135,130 | $2,364,870 | $— | $668,004 | Verified |
| 2021 | $30,938,836 | — | — | −$28,573,966 | $2,364,870 | $— | $687,885 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | -27.3% | -27.3% | ~100% | Not available | Partial |
| 2024 | -31.8% | -31.8% | ~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): -54.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.2% | -9.9% | -16.3% | +7.1% | 2023 | -47.1% | 2025 |
| Assessment Ratio | 100.0% | 38.4% | — | 100.0% | 2025 | 7.0% | 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 |
$302,402 | $517,104 | ~$185,275 | $687,885 | 2021 | $302,402 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,983,485 | ~$12,983,485 | ~2.0139% | ~$261,479 | -15.9% |
| 2027 | ~$10,913,618 | ~$10,913,618 | ~1.9814% | ~$216,241 | -29.3% |
| 2028 | ~$9,173,735 | ~$9,173,735 | ~1.9488% | ~$178,781 | -40.6% |
| 2029 | ~$7,711,230 | ~$7,711,230 | ~1.9163% | ~$147,770 | -50.1% |
| 2030 | ~$6,481,882 | ~$6,481,882 | ~1.8837% | ~$122,102 | -58.0% |
| 2026 | ~$14,673,625 | ~$14,673,625 | ~2.0465% | ~$300,294 | -5.0% |
| 2027 | ~$13,939,944 | ~$13,939,944 | ~2.0465% | ~$285,279 | -9.7% |
| 2028 | ~$13,242,947 | ~$13,242,947 | ~2.0465% | ~$271,015 | -14.3% |
| 2029 | ~$12,580,799 | ~$12,580,799 | ~2.0465% | ~$257,464 | -18.5% |
| 2030 | ~$11,951,759 | ~$11,951,759 | ~2.0465% | ~$244,591 | -22.6% |
| 2026 | ~$13,292,403 | ~$13,292,403 | ~1.9977% | ~$265,537 | -13.9% |
| 2027 | ~$11,439,135 | ~$11,439,135 | ~1.9488% | ~$222,930 | -25.9% |
| 2028 | ~$9,844,256 | ~$9,844,256 | ~1.9000% | ~$187,043 | -36.3% |
| 2029 | ~$8,471,739 | ~$8,471,739 | ~1.8512% | ~$156,828 | -45.2% |
| 2030 | ~$7,290,583 | ~$7,290,583 | ~1.8024% | ~$131,403 | -52.8% |
In 2025, this property's market value of $15,445,921 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 11× 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 | $15,445,921 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $29,225,548 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $33,740,529 | $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 | $30,938,836 | $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.