1949 S INTERSTATE HY 35 TX 78741
| Owner | TEGRITY INVESTMENTS LLC |
|---|---|
| Parcel ID | 0304040821 |
| Short ID | 285418 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 36,018 SF |
| Land SF | 111,313 SF |
| Acres | 2.555 |
| Year Built | 1985 |
| Legal | LOT 1 ABBEY WAY ADDN |
| Neighborhood | 51SCN |
| Land | $6,678,780 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,678,780 |
| Improvement | $847,847 |
|---|---|
| Total Improvement | $847,847 |
| Market | $7,526,627 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,526,627 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,526,627 |
| Taxable Value | $7,526,627 |
|---|
Appreciation: Market value has risen +66.1% from $4,531,708 (2021) to $7,526,627 (2025), a CAGR of 13.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $154,031. 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 89% of market value ($6,678,780 land vs $847,847 improvements), about $60/SF of land. With value concentrated in the land under a ~41-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $7,526,627, 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 +13.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,191,343 by 2030, with an estimated annual tax burden around $228,342. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 32,400 SF | ✗ |
| 2ND | 2nd Floor | 12,129 SF | ✓ |
| 3RD | 3rd Floor | 12,129 SF | ✓ |
| 1ST | 1st Floor | 11,760 SF | ✓ |
| 611 | TERRACE | 825 SF | ✗ |
| 501 | CANOPY | 369 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% | $69,636.35 | $69,636.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $39,440.81 | $39,440.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,288.45 | $28,288.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,883.15 | $8,883.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,782.53 | $7,782.53 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $154,031.29 | $154,031.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,777,200 | $7,526,627 | -10.0% |
| Assessed Value | $6,777,200 | $7,526,627 | -10.0% |
| Land Value | $5,870,760 | $6,678,780 | -12.1% |
| Improvement Value | $906,440 | $847,847 | +6.9% |
| Taxable Value | $6,777,200 | $7,526,627 | -10.0% |
| Total Tax 2026 = estimate |
~$138,694
Estimated
|
~$154,031
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,777,200 | $6,777,200 | +0 (+0.0%) |
| Taxable Value | $6,777,200 | $6,777,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,777,200 | $5,870,760 | $906,440 | — | $6,777,200 | $6,777,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,526,627 | $6,678,780 | $847,847 | — | $7,526,627 | $7,526,627 | ~$154,031 | Partial |
| 2024 | $6,088,733 | — | — | — | $6,253,707 ! | $— | $123,937 | Verified |
| 2023 | $6,665,600 | — | — | −$3,326,210 | $3,339,390 | $— | $110,160 | Verified |
| 2022 | $4,207,500 | — | — | −$868,110 | $3,339,390 | $— | $131,640 | Verified |
| 2021 | $4,531,708 | — | — | −$2,305,448 | $2,226,260 | $— | $91,584 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.0% | -10.0% | ~100% | Not available | Partial |
| 2025 | +20.4% | +20.4% | ~100% | Not available | Partial |
| 2024 | +2.7% | +2.7% | ~100% | 1.9800% | Verified |
| 2023 | -8.7% | -8.7% | ~100% | 1.8100% | Verified |
| 2022 | +58.4% | +58.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +78.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.0% | +11.2% | +16.0% | +58.4% | 2023 | -10.0% | 2026 |
| Assessment Ratio | 100.0% | 80.2% | — | 102.7% | 2024 | 49.1% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$154,031 | $122,271 | ~$196,387 | $154,031 | 2025 | $91,584 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,544,468 | ~$8,279,290 | ~2.0139% | ~$166,740 | +13.5% |
| 2027 | ~$9,699,953 | ~$9,107,219 | ~1.9814% | ~$180,449 | +28.9% |
| 2028 | ~$11,011,697 | ~$10,017,941 | ~1.9488% | ~$195,234 | +46.3% |
| 2029 | ~$12,500,831 | ~$11,019,735 | ~1.9163% | ~$211,170 | +66.1% |
| 2030 | ~$14,191,343 | ~$12,121,708 | ~1.8837% | ~$228,342 | +88.5% |
| 2026 | ~$8,393,935 | ~$8,279,290 | ~2.0465% | ~$169,434 | +11.5% |
| 2027 | ~$9,361,185 | ~$9,107,219 | ~2.0465% | ~$186,378 | +24.4% |
| 2028 | ~$10,439,893 | ~$10,017,941 | ~2.0465% | ~$205,016 | +38.7% |
| 2029 | ~$11,642,903 | ~$11,019,735 | ~2.0465% | ~$225,517 | +54.7% |
| 2030 | ~$12,984,537 | ~$12,121,708 | ~2.0465% | ~$248,069 | +72.5% |
| 2026 | ~$8,695,000 | ~$8,279,290 | ~1.9977% | ~$165,392 | +15.5% |
| 2027 | ~$10,044,742 | ~$9,107,219 | ~1.9488% | ~$177,485 | +33.5% |
| 2028 | ~$11,604,008 | ~$10,017,941 | ~1.9000% | ~$190,343 | +54.2% |
| 2029 | ~$13,405,321 | ~$11,019,735 | ~1.8512% | ~$203,997 | +78.1% |
| 2030 | ~$15,486,255 | ~$12,121,708 | ~1.8024% | ~$218,478 | +105.8% |
In 2025, this property's market value of $7,526,627 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,526,627 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,088,733 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,665,600 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,207,500 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,531,708 | $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.