12357 RIATA TRACE PKWY 3 TX 78727
| Owner | RCOP OFFICE OWNER LP |
|---|---|
| Parcel ID | 0266000121 |
| Short ID | 527978 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 94,985 SF |
| Land SF | 270,072 SF |
| Acres | 6.200 |
| Year Built | 2001 |
| Legal | LOT 4 BLK A RIATA CORPORATE PARK SEC II |
| Neighborhood | 51FNW |
| Land | $2,700,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,700,720 |
| Improvement | $20,961,113 |
|---|---|
| Total Improvement | $20,961,113 |
| Market | $23,661,833 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $23,661,833 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $23,661,833 |
| Taxable Value | $23,661,833 |
|---|
Appreciation: Market value has fallen -22.6% from $30,571,200 (2021) to $23,661,833 (2025), a CAGR of -6.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $484,236. 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 11% of market value ($2,700,720 land vs $20,961,113 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~25 yrs), and rent roll drive the underwriting.
Submarket Position: At $23,661,833, 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 -6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,177,828 by 2030, with an estimated annual tax burden around $323,586. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 96,445 SF | ✗ |
| 1ST | 1st Floor | 32,635 SF | ✓ |
| 2ND | 2nd Floor | 31,175 SF | ✓ |
| 3RD | 3rd Floor | 31,175 SF | ✓ |
| 611 | TERRACE | 1,800 SF | ✗ |
| LOBBY | Lobby | 1,460 SF | ✓ |
| 501 | CANOPY | 783 SF | ✗ |
| 437 | FENCE MASON LF | 112 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% | $209,433.69 | $209,433.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $118,619.56 | $118,619.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $85,078.48 | $85,078.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $26,716.38 | $26,716.38 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,406.23 | $23,406.23 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $463,254.34 | $463,254.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $18,353,924 | $23,661,833 | -22.4% |
| Assessed Value | $18,353,924 | $23,661,833 | -22.4% |
| Land Value | $2,700,720 | $2,700,720 | +0.0% |
| Improvement Value | $15,653,204 | $20,961,113 | -25.3% |
| Taxable Value | $18,353,924 | $23,661,833 | -22.4% |
| Total Tax 2026 = estimate |
~$375,610
Estimated
|
~$463,254
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $18,353,924 | $18,353,924 | +0 (+0.0%) |
| Taxable Value | $18,353,924 | $18,353,924 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $18,353,924 | $2,700,720 | $15,653,204 | — | $18,353,924 | $18,353,924 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $23,661,833 | $2,700,720 | $20,961,113 | — | $23,661,833 | $23,661,833 | ~$463,254 | Partial |
| 2024 | $28,878,268 | — | — | −$26,177,548 | $2,700,720 | $— | $497,922 | Verified |
| 2023 | $33,339,594 | — | — | −$30,638,874 | $2,700,720 | $— | $524,341 | Verified |
| 2022 | $31,120,000 | — | — | −$28,419,280 | $2,700,720 | $— | $660,066 | Verified |
| 2021 | $30,571,200 | — | — | −$27,870,480 | $2,700,720 | $— | $679,593 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -22.4% | -22.4% | ~100% | Not available | Partial |
| 2025 | -11.3% | -11.3% | ~100% | Not available | Partial |
| 2024 | -13.3% | -13.3% | ~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): -28.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.4% | -9.0% | -0.8% | +7.1% | 2023 | -22.4% | 2026 |
| Assessment Ratio | 100.0% | 39.2% | — | 100.0% | 2025 | 8.1% | 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 |
$463,254 | $565,035 | ~$382,898 | $679,593 | 2021 | $463,254 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$22,193,835 | ~$22,193,835 | ~2.0139% | ~$446,970 | -6.2% |
| 2027 | ~$20,816,913 | ~$20,816,913 | ~1.9814% | ~$412,464 | -12.0% |
| 2028 | ~$19,525,417 | ~$19,525,417 | ~1.9488% | ~$380,519 | -17.5% |
| 2029 | ~$18,314,045 | ~$18,314,045 | ~1.9163% | ~$350,950 | -22.6% |
| 2030 | ~$17,177,828 | ~$17,177,828 | ~1.8837% | ~$323,586 | -27.4% |
| 2026 | ~$22,478,741 | ~$22,478,741 | ~2.0465% | ~$460,024 | -5.0% |
| 2027 | ~$21,354,804 | ~$21,354,804 | ~2.0465% | ~$437,023 | -9.8% |
| 2028 | ~$20,287,064 | ~$20,287,064 | ~2.0465% | ~$415,172 | -14.3% |
| 2029 | ~$19,272,711 | ~$19,272,711 | ~2.0465% | ~$394,413 | -18.5% |
| 2030 | ~$18,309,075 | ~$18,309,075 | ~2.0465% | ~$374,692 | -22.6% |
| 2026 | ~$22,667,072 | ~$22,667,072 | ~1.9977% | ~$452,812 | -4.2% |
| 2027 | ~$21,714,131 | ~$21,714,131 | ~1.9488% | ~$423,174 | -8.2% |
| 2028 | ~$20,801,253 | ~$20,801,253 | ~1.9000% | ~$395,227 | -12.1% |
| 2029 | ~$19,926,753 | ~$19,926,753 | ~1.8512% | ~$368,883 | -15.8% |
| 2030 | ~$19,089,018 | ~$19,089,018 | ~1.8024% | ~$344,055 | -19.3% |
In 2025, this property's market value of $23,661,833 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 17× 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 | $23,661,833 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $28,878,268 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $33,339,594 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $31,120,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $30,571,200 | $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.