12331 RIATA TRACE PKWY TX 78727
| Owner | RCOP OFFICE OWNER LP |
|---|---|
| Parcel ID | 0266000124 |
| Short ID | 819964 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 94,274 SF |
| Land SF | 734,378 SF |
| Acres | 16.859 |
| Year Built | 1999 |
| Legal | LOT 1 RIATA CORPORATE PARK SEC II RESUB LT 1 BLK A & 10.91 AC PT OF LOT 1 RESEARCH PARK |
| Neighborhood | 51FNW |
| Land | $7,343,780 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,343,780 |
| Improvement | $11,268,361 |
|---|---|
| Total Improvement | $11,268,361 |
| Market | $18,612,141 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,612,141 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,612,141 |
| Taxable Value | $18,612,141 |
|---|
Appreciation: Market value has fallen -39.8% from $30,907,183 (2021) to $18,612,141 (2025), a CAGR of -11.9% 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 $380,895. 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 39% of market value ($7,343,780 land vs $11,268,361 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 $18,612,141, 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 -11.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,873,417 by 2030, with an estimated annual tax burden around $185,990. 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 | 230,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 95,158 SF | ✗ |
| 2ND | 2nd Floor | 63,454 SF | ✓ |
| 1ST | 1st Floor | 30,820 SF | ✓ |
| SO | Sketch Only | 9,000 SF | ✗ |
| 501 | CANOPY | 930 SF | ✗ |
| LOBBY | Lobby | 884 SF | ✓ |
| 408 | LOADING RAMP | 343 SF | ✓ |
| 411 | SOLAR DEVICES RESIDENTIAL | 158 SF | ✓ |
| 437 | FENCE MASON LF | 112 SF | ✗ |
| 482 | LIGHT POLES | 28 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% | $164,738.28 | $164,738.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $93,304.86 | $93,304.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $66,921.81 | $66,921.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,014.81 | $21,014.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,411.09 | $18,411.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $364,390.85 | $364,390.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,189,224 | $18,612,141 | -13.0% |
| Assessed Value | $16,189,224 | $18,612,141 | -13.0% |
| Land Value | $7,343,780 | $7,343,780 | +0.0% |
| Improvement Value | $8,845,444 | $11,268,361 | -21.5% |
| Taxable Value | $16,189,224 | $18,612,141 | -13.0% |
| Total Tax 2026 = estimate |
~$331,310
Estimated
|
~$364,391
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,189,224 | $16,189,224 | +0 (+0.0%) |
| Taxable Value | $16,189,224 | $16,189,224 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,189,224 | $7,343,780 | $8,845,444 | — | $16,189,224 | $16,189,224 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,612,141 | $7,343,780 | $11,268,361 | — | $18,612,141 | $18,612,141 | ~$364,391 | Partial |
| 2024 | $29,195,660 | — | — | −$21,851,880 | $7,343,780 | $— | $482,531 | Verified |
| 2023 | $33,706,009 | — | — | −$26,362,229 | $7,343,780 | $— | $530,104 | Verified |
| 2022 | $31,470,000 | — | — | −$24,126,220 | $7,343,780 | $— | $667,321 | Verified |
| 2021 | $30,907,183 | — | — | −$23,563,403 | $7,343,780 | $— | $687,227 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.0% | -13.0% | ~100% | Not available | Partial |
| 2025 | -28.0% | -28.0% | ~100% | Not available | Partial |
| 2024 | -16.9% | -16.9% | ~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): -44.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.0% | -10.8% | -9.3% | +7.1% | 2023 | -36.3% | 2025 |
| Assessment Ratio | 100.0% | 49.0% | — | 100.0% | 2025 | 21.8% | 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 |
$364,391 | $546,315 | ~$253,020 | $687,227 | 2021 | $364,391 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,395,723 | ~$16,395,723 | ~2.0139% | ~$330,199 | -11.9% |
| 2027 | ~$14,443,245 | ~$14,443,245 | ~1.9814% | ~$286,177 | -22.4% |
| 2028 | ~$12,723,278 | ~$12,723,278 | ~1.9488% | ~$247,956 | -31.6% |
| 2029 | ~$11,208,132 | ~$11,208,132 | ~1.9163% | ~$214,780 | -39.8% |
| 2030 | ~$9,873,417 | ~$9,873,417 | ~1.8837% | ~$185,990 | -47.0% |
| 2026 | ~$17,681,534 | ~$17,681,534 | ~2.0465% | ~$361,850 | -5.0% |
| 2027 | ~$16,797,457 | ~$16,797,457 | ~2.0465% | ~$343,757 | -9.8% |
| 2028 | ~$15,957,584 | ~$15,957,584 | ~2.0465% | ~$326,570 | -14.3% |
| 2029 | ~$15,159,705 | ~$15,159,705 | ~2.0465% | ~$310,241 | -18.5% |
| 2030 | ~$14,401,720 | ~$14,401,720 | ~2.0465% | ~$294,729 | -22.6% |
| 2026 | ~$16,767,965 | ~$16,767,965 | ~1.9977% | ~$334,967 | -9.9% |
| 2027 | ~$15,106,519 | ~$15,106,519 | ~1.9488% | ~$294,402 | -18.8% |
| 2028 | ~$13,609,696 | ~$13,609,696 | ~1.9000% | ~$258,587 | -26.9% |
| 2029 | ~$12,261,186 | ~$12,261,186 | ~1.8512% | ~$226,978 | -34.1% |
| 2030 | ~$11,046,292 | ~$11,046,292 | ~1.8024% | ~$199,095 | -40.7% |
In 2025, this property's market value of $18,612,141 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 | $18,612,141 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $29,195,660 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $33,706,009 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $31,470,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $30,907,183 | $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.