701 F M RD 685 TX 78660
| Owner | NORTH FOREST OFFICE SPACE AUSTIN LLC |
|---|---|
| Parcel ID | 0272431106 |
| Short ID | 463004 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 56,523 SF |
| Land SF | 216,547 SF |
| Acres | 4.971 |
| Year Built | 2019 |
| Legal | LOT 1 BLK A PFLUGERVILLE PROFESSIONAL CENTER |
| Neighborhood | 52NEA |
| Land | $2,598,564 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,598,564 |
| Improvement | $1,159,647 |
|---|---|
| Total Improvement | $1,159,647 |
| Market | $3,758,211 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,758,211 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,758,211 |
| Exemptions (−) | −$706,655 |
|---|---|
| Taxable Value | $3,051,556 |
Appreciation: Market value has fallen -13.6% from $4,350,000 (2021) to $3,758,211 (2025), a CAGR of -3.6% 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 2.2285% in 2025 (+0.0325% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $68,005. Pflugerville ISD is the largest single contributor, at 50.0% 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 69% of market value ($2,598,564 land vs $1,159,647 improvements), about $12/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,758,211, 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 -3.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,130,373 by 2030, with an estimated annual tax burden around $61,742. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 65,000 SF | ✗ |
| 1ST | 1st Floor | 56,523 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $41,599.64 | $41,599.64 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $20,106.43 | $20,106.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,625.73 | $13,625.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,435.55 | $4,435.55 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $3,486.30 | $3,486.30 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $83,253.65 | $83,253.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,175,141 | $3,758,211 | +11.1% |
| Assessed Value | $4,175,141 | $3,758,211 | +11.1% |
| Land Value | $2,598,564 | $2,598,564 | +0.0% |
| Improvement Value | $1,576,577 | $1,159,647 | +36.0% |
| Taxable Value | $4,042,290 | $3,051,556 | +32.5% |
| Exemptions | — | ! | |
| Total Tax 2026 = estimate |
~$90,084
Estimated
|
~$83,254
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,175,141 | $4,175,141 | +0 (+0.0%) |
| Taxable Value | $4,042,290 | $4,042,290 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,175,141 | $2,598,564 | $1,576,577 | — | $4,175,141 | $4,042,290 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,758,211 | $2,598,564 | $1,159,647 | — | $3,758,211 | $3,051,556 | ~$83,254 | Partial |
| 2024 | $5,074,286 | — | — | −$2,475,722 | $2,598,564 | $— | $111,848 | Verified |
| 2023 | $4,750,000 | — | — | −$3,450,718 | $1,299,282 | $— | $107,983 | Verified |
| 2022 | $4,200,000 | — | — | −$2,900,718 | $1,299,282 | $— | $106,534 | Verified |
| 2021 | $4,350,000 | — | — | −$3,050,718 | $1,299,282 | $— | $102,206 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.1% | +11.1% | ~100% | Not available | Partial |
| 2025 | -26.2% | -26.2% | ~100% | Not available | Partial |
| 2024 | +0.4% | +0.4% | ~100% | 2.2000% | Verified |
| 2023 | -4.3% | -4.3% | ~100% | 2.1300% | Verified |
| 2022 | +26.3% | +26.3% | ~100% | 2.0100% | Verified |
| 2021 | base year | — | ~100% | 2.3500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -10.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.1% | +0.3% | -5.5% | +13.1% | 2023 | -25.9% | 2025 |
| Assessment Ratio | 100.0% | 56.6% | — | 100.0% | 2025 | 27.4% | 2023 |
| Effective Tax Rate (2025) | 2.2200% | 2.2200% | — | 2.2200% | 2025 | 2.2200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$83,254 | $102,365 | ~$70,096 | $111,848 | 2024 | $83,254 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,623,299 | ~$3,623,299 | ~2.1773% | ~$78,890 | -3.6% |
| 2027 | ~$3,493,229 | ~$3,493,229 | ~2.1261% | ~$74,268 | -7.1% |
| 2028 | ~$3,367,829 | ~$3,367,829 | ~2.0748% | ~$69,877 | -10.4% |
| 2029 | ~$3,246,931 | ~$3,246,931 | ~2.0236% | ~$65,704 | -13.6% |
| 2030 | ~$3,130,373 | ~$3,130,373 | ~1.9724% | ~$61,742 | -16.7% |
| 2026 | ~$3,570,300 | ~$3,570,300 | ~2.2285% | ~$79,565 | -5.0% |
| 2027 | ~$3,391,785 | ~$3,391,785 | ~2.2285% | ~$75,587 | -9.8% |
| 2028 | ~$3,222,196 | ~$3,222,196 | ~2.2285% | ~$71,808 | -14.3% |
| 2029 | ~$3,061,086 | ~$3,061,086 | ~2.2285% | ~$68,217 | -18.5% |
| 2030 | ~$2,908,032 | ~$2,908,032 | ~2.2285% | ~$64,806 | -22.6% |
| 2026 | ~$3,698,463 | ~$3,698,463 | ~2.1517% | ~$79,579 | -1.6% |
| 2027 | ~$3,639,665 | ~$3,639,665 | ~2.0748% | ~$75,517 | -3.2% |
| 2028 | ~$3,581,801 | ~$3,581,801 | ~1.9980% | ~$71,563 | -4.7% |
| 2029 | ~$3,524,858 | ~$3,524,858 | ~1.9211% | ~$67,717 | -6.2% |
| 2030 | ~$3,468,819 | ~$3,468,819 | ~1.8443% | ~$63,974 | -7.7% |
In 2025, this property's market value of $3,758,211 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +165% above 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 | $3,758,211 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,074,286 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,750,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,200,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,350,000 | $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.