305 N HEATHERWILDE BLVD D TX 78660
| Owner | NORTH FOREST OFFICE SPACE AUSTIN LLC |
|---|---|
| Parcel ID | 0274360119 |
| Short ID | 820195 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 35,644 SF |
| Land SF | 154,246 SF |
| Acres | 3.541 |
| Year Built | 2013 |
| Legal | LOT 1 BLK 1 HEATHERWILDE PROFESSIONAL PARK SUBD |
| Neighborhood | 53NEA |
| Land | $771,230 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $771,230 |
| Improvement | $3,527,017 |
|---|---|
| Total Improvement | $3,527,017 |
| Market | $4,298,247 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,298,247 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,298,247 |
| Taxable Value | $4,298,247 |
|---|
Appreciation: Market value has risen +241.1% from $1,260,000 (2021) to $4,298,247 (2025), a CAGR of 35.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 outpaced 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 $95,788. Pflugerville ISD is the largest single contributor, at 49.7% 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 18% of market value ($771,230 land vs $3,527,017 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,298,247, 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 +35.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $19,927,022 by 2030, with an estimated annual tax burden around $136,533. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 68,685 SF | ✗ |
| 1ST | 1st Floor | 35,644 SF | ✓ |
| 501 | CANOPY | 456 SF | ✗ |
| 611 | TERRACE | 456 SF | ✗ |
Market value changed by 173% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $47,577.30 | $47,577.30 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $22,995.62 | $22,995.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,154.75 | $16,154.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,072.92 | $5,072.92 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $3,987.27 | $3,987.27 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $95,787.86 | $95,787.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,298,247 | $4,298,247 | +0.0% |
| Assessed Value | $4,298,247 | $4,298,247 | +0.0% |
| Land Value | $771,230 | $771,230 | +0.0% |
| Improvement Value | $3,527,017 | $3,527,017 | +0.0% |
| Taxable Value | $4,298,247 | $4,298,247 | +0.0% |
| Total Tax 2026 = estimate |
~$95,788
Estimated
|
~$95,788
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,618,331 | $4,298,247 | -1,320,084 (-23.5%) |
| Taxable Value | $5,157,896 | $4,298,247 | -859,649 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,298,247 | $771,230 | $3,527,017 | — | $4,298,247 | $4,298,247 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,298,247 | $771,230 | $3,527,017 | — | $4,298,247 | $4,298,247 | ~$95,788 | Partial |
| 2024 | $5,428,593 | — | — | −$4,657,363 | $771,230 | $— | $106,971 | Verified |
| 2023 | $1,352,400 | — | — | −$581,170 | $771,230 | $— | $115,523 | Verified |
| 2022 | $1,228,046 | — | — | −$994,782 | $233,264 | $— | $30,332 | Verified |
| 2021 | $1,260,000 | — | — | −$1,026,736 | $233,264 | $— | $29,884 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +30.7% | +20.0% | 91.8% | Not available | Partial |
| 2025 | -11.8% | -11.8% | ~100% | Not available | Partial |
| 2024 | -10.3% | -10.3% | ~100% | 2.2000% | Verified |
| 2023 | +172.6% ! | +172.6% | ~100% | 2.1300% | Verified |
| 2022 | +62.2% | +62.2% | ~100% | 1.5200% | Verified |
| 2021 | base year | — | ~100% | 2.3700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +250.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +57.6% | +35.9% | +301.4% | 2024 | -20.8% | 2025 |
| Assessment Ratio | 100.0% | 51.4% | — | 100.0% | 2025 | 14.2% | 2024 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$95,788 | $75,700 | ~$119,219 | $115,523 | 2023 | $29,884 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,841,462 | ~$4,728,072 | ~2.1773% | ~$102,944 | +35.9% |
| 2027 | ~$7,938,744 | ~$5,200,879 | ~2.1261% | ~$110,574 | +84.7% |
| 2028 | ~$10,789,020 | ~$5,720,967 | ~2.0748% | ~$118,700 | +151.0% |
| 2029 | ~$14,662,641 | ~$6,293,063 | ~2.0236% | ~$127,346 | +241.1% |
| 2030 | ~$19,927,022 | ~$6,922,370 | ~1.9724% | ~$136,533 | +363.6% |
| 2026 | ~$5,755,497 | ~$4,728,072 | ~2.2285% | ~$105,367 | +33.9% |
| 2027 | ~$7,706,804 | ~$5,200,879 | ~2.2285% | ~$115,903 | +79.3% |
| 2028 | ~$10,319,670 | ~$5,720,967 | ~2.2285% | ~$127,494 | +140.1% |
| 2029 | ~$13,818,386 | ~$6,293,063 | ~2.2285% | ~$140,243 | +221.5% |
| 2030 | ~$18,503,283 | ~$6,922,370 | ~2.2285% | ~$154,267 | +330.5% |
| 2026 | ~$5,927,427 | ~$4,728,072 | ~2.1517% | ~$101,733 | +37.9% |
| 2027 | ~$8,174,121 | ~$5,200,879 | ~2.0748% | ~$107,909 | +90.2% |
| 2028 | ~$11,272,388 | ~$5,720,967 | ~1.9980% | ~$114,303 | +162.3% |
| 2029 | ~$15,545,003 | ~$6,293,063 | ~1.9211% | ~$120,897 | +261.7% |
| 2030 | ~$21,437,082 | ~$6,922,370 | ~1.8443% | ~$127,666 | +398.7% |
In 2025, this property's market value of $4,298,247 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,298,247 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,428,593 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $1,352,400 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,228,046 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,260,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.