12365 RIATA TRACE PKWY TX 78727
| Owner | RCOP OFFICE OWNER LP |
|---|---|
| Parcel ID | 0266000122 |
| Short ID | 527979 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 188,628 SF |
| Land SF | 515,837 SF |
| Acres | 11.842 |
| Year Built | 2000 |
| Legal | LOT 5 BLK A RIATA CORPORATE PARK SEC II |
| Neighborhood | 51FNW |
| Land | $5,158,370 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,158,370 |
| Improvement | $40,545,334 |
|---|---|
| Total Improvement | $40,545,334 |
| Market | $45,703,704 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $45,703,704 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $45,703,704 |
| Taxable Value | $45,703,704 |
|---|
Appreciation: Market value has fallen -25.8% from $61,554,878 (2021) to $45,703,704 (2025), a CAGR of -7.2% 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 $935,319. 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 ($5,158,370 land vs $40,545,334 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 $45,703,704, 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 -7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $31,500,145 by 2030, with an estimated annual tax burden around $593,382. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 470,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 190,412 SF | ✗ |
| SO | Sketch Only | 102,148 SF | ✗ |
| 187 | PARKING GARAGE | 78,676 SF | ✓ |
| 3RD | 3rd Floor | 64,528 SF | ✓ |
| 1ST | 1st Floor | 62,664 SF | ✓ |
| 2ND | 2nd Floor | 61,436 SF | ✓ |
| 501 | CANOPY | 1,372 SF | ✗ |
| LOBBY | Lobby | 884 SF | ✓ |
| 437 | FENCE MASON LF | 112 SF | ✗ |
| 482 | LIGHT POLES | 22 SF | ✓ |
| 333 | MECHANICAL RM FV | 2 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% | $404,528.91 | $404,528.91 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $229,118.05 | $229,118.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $164,332.22 | $164,332.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51,603.67 | $51,603.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $45,210.00 | $45,210.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $894,792.85 | $894,792.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $42,177,146 | $45,703,704 | -7.7% |
| Assessed Value | $42,177,146 | $45,703,704 | -7.7% |
| Land Value | $5,158,370 | $5,158,370 | +0.0% |
| Improvement Value | $37,018,776 | $40,545,334 | -8.7% |
| Taxable Value | $42,177,146 | $45,703,704 | -7.7% |
| Total Tax 2026 = estimate |
~$863,149
Estimated
|
~$894,793
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $42,177,146 | $42,177,146 | +0 (+0.0%) |
| Taxable Value | $42,177,146 | $42,177,146 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $42,177,146 | $5,158,370 | $37,018,776 | — | $42,177,146 | $42,177,146 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $45,703,704 | $5,158,370 | $40,545,334 | — | $45,703,704 | $45,703,704 | ~$894,793 | Partial |
| 2024 | $58,146,176 | — | — | −$52,987,806 | $5,158,370 | $— | $973,323 | Verified |
| 2023 | $67,129,004 | — | — | −$61,970,634 | $5,158,370 | $— | $1,055,756 | Verified |
| 2022 | $62,660,000 | — | — | −$57,501,630 | $5,158,370 | $— | $1,329,038 | Verified |
| 2021 | $61,554,878 | — | — | −$56,396,508 | $5,158,370 | $— | $1,368,357 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.7% | -7.7% | ~100% | Not available | Partial |
| 2025 | -12.4% | -12.4% | ~100% | Not available | Partial |
| 2024 | -15.8% | -15.8% | ~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): -31.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.7% | -6.7% | -5.6% | +7.1% | 2023 | -21.4% | 2025 |
| Assessment Ratio | 100.0% | 38.9% | — | 100.0% | 2025 | 7.7% | 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 |
$894,793 | $1,124,254 | ~$718,164 | $1,368,357 | 2021 | $894,793 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$42,425,174 | ~$42,425,174 | ~2.0139% | ~$854,416 | -7.2% |
| 2027 | ~$39,381,827 | ~$39,381,827 | ~1.9814% | ~$780,307 | -13.8% |
| 2028 | ~$36,556,793 | ~$36,556,793 | ~1.9488% | ~$712,433 | -20.0% |
| 2029 | ~$33,934,411 | ~$33,934,411 | ~1.9163% | ~$650,282 | -25.8% |
| 2030 | ~$31,500,145 | ~$31,500,145 | ~1.8837% | ~$593,382 | -31.1% |
| 2026 | ~$43,418,519 | ~$43,418,519 | ~2.0465% | ~$888,553 | -5.0% |
| 2027 | ~$41,247,593 | ~$41,247,593 | ~2.0465% | ~$844,126 | -9.7% |
| 2028 | ~$39,185,213 | ~$39,185,213 | ~2.0465% | ~$801,920 | -14.3% |
| 2029 | ~$37,225,953 | ~$37,225,953 | ~2.0465% | ~$761,824 | -18.5% |
| 2030 | ~$35,364,655 | ~$35,364,655 | ~2.0465% | ~$723,732 | -22.6% |
| 2026 | ~$43,339,248 | ~$43,339,248 | ~1.9977% | ~$865,772 | -5.2% |
| 2027 | ~$41,097,115 | ~$41,097,115 | ~1.9488% | ~$800,917 | -10.1% |
| 2028 | ~$38,970,979 | ~$38,970,979 | ~1.9000% | ~$740,455 | -14.7% |
| 2029 | ~$36,954,836 | ~$36,954,836 | ~1.8512% | ~$684,106 | -19.1% |
| 2030 | ~$35,042,998 | ~$35,042,998 | ~1.8024% | ~$631,605 | -23.3% |
In 2025, this property's market value of $45,703,704 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 32× 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 | $45,703,704 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $58,146,176 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $67,129,004 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $62,660,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $61,554,878 | $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.