2800 S INTERSTATE HY 35 TX
| Owner | PB FOUNTAIN PARK PLAZA LTD |
|---|---|
| Parcel ID | 0309020113 |
| Short ID | 289704 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 58,124 SF |
| Land SF | 139,288 SF |
| Acres | 3.198 |
| Year Built | 1976 |
| Legal | UNNUMBERED LOT PARK PLAZA II |
| Neighborhood | 51SCN |
| Land | $11,839,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,839,480 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $10,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,000,000 |
| Taxable Value | $10,000,000 |
|---|
Appreciation: Market value has risen +35.9% from $7,356,300 (2021) to $10,000,000 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $204,648. 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 118% of market value ($11,839,480 land vs $0 improvements), about $85/SF of land. With value concentrated in the land under a ~50-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 $10,000,000, 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,678,298 by 2030, with an estimated annual tax burden around $276,501. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 85,600 SF | ✗ |
| 1ST | 1st Floor | 44,012 SF | ✓ |
| 2ND | 2nd Floor | 14,112 SF | ✓ |
| 611 | TERRACE | 420 SF | ✗ |
| 581C | STORAGE ATT COMM | 300 SF | ✓ |
| 501 | CANOPY | 228 SF | ✗ |
| 482 | LIGHT POLES | 5 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% | $92,401.12 | $92,401.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,334.37 | $52,334.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,536.21 | $37,536.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,787.13 | $11,787.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,326.71 | $10,326.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $204,385.54 | $204,385.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,971,916 | $10,000,000 | -0.3% |
| Assessed Value | $9,971,916 | $10,000,000 | -0.3% |
| Land Value | $11,506,535 | $11,839,480 | -2.8% |
| Improvement Value | — | — | — |
| Taxable Value | $9,971,916 | $10,000,000 | -0.3% |
| Exemptions | — | F | |
| Total Tax 2026 = estimate |
~$204,074
Estimated
|
~$204,386
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,971,916 | $9,971,916 | +0 (+0.0%) |
| Taxable Value | $9,971,916 | $9,971,916 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,971,916 | $11,506,535 | — | — | $9,971,916 | $9,971,916 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,000,000 | $11,839,480 | — | — | $10,000,000 | $10,000,000 | ~$204,386 | Partial |
| 2024 | $8,879,610 | — | — | — | $11,839,480 ! | $— | $201,368 | Verified |
| 2023 | $7,660,257 | — | — | — | $11,839,480 ! | $— | $164,825 | Verified |
| 2022 | $7,623,800 | — | — | −$4,420,176 | $3,203,624 | $— | $151,284 | Verified |
| 2021 | $7,356,300 | — | — | −$4,152,676 | $3,203,624 | $— | $165,946 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.3% | -0.3% | ~100% | Not available | Partial |
| 2025 | -23.9% | -23.9% | ~100% | Not available | Partial |
| 2024 | +0.3% | +0.3% | ~100% | 1.5300% | Verified |
| 2023 | +71.1% | +71.1% | ~100% | 1.2600% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.3% | +6.5% | +8.0% | +15.9% | 2024 | -0.3% | 2026 |
| Assessment Ratio | 100.0% | 95.6% | — | 154.6% | 2023 | 42.0% | 2022 |
| Effective Tax Rate (2025) | 0.0000% | 0.0000% | — | 0.0000% | 2025 | 0.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$204,386 | $177,562 | ~$246,164 | $204,386 | 2025 | $151,284 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$10,797,797 | ~$10,797,797 | ~2.0139% | ~$217,461 | +8.0% |
| 2027 | ~$11,659,241 | ~$11,659,241 | ~1.9814% | ~$231,015 | +16.6% |
| 2028 | ~$12,589,411 | ~$12,589,411 | ~1.9488% | ~$245,347 | +25.9% |
| 2029 | ~$13,593,790 | ~$13,593,790 | ~1.9163% | ~$260,497 | +35.9% |
| 2030 | ~$14,678,298 | ~$14,678,298 | ~1.8837% | ~$276,501 | +46.8% |
| 2026 | ~$10,597,797 | ~$10,597,797 | ~2.0465% | ~$216,882 | +6.0% |
| 2027 | ~$11,231,329 | ~$11,231,329 | ~2.0465% | ~$229,847 | +12.3% |
| 2028 | ~$11,902,734 | ~$11,902,734 | ~2.0465% | ~$243,588 | +19.0% |
| 2029 | ~$12,614,276 | ~$12,614,276 | ~2.0465% | ~$258,149 | +26.1% |
| 2030 | ~$13,368,353 | ~$13,368,353 | ~2.0465% | ~$273,581 | +33.7% |
| 2026 | ~$10,997,797 | ~$10,997,797 | ~1.9977% | ~$219,699 | +10.0% |
| 2027 | ~$12,095,153 | ~$12,095,153 | ~1.9488% | ~$235,715 | +21.0% |
| 2028 | ~$13,302,003 | ~$13,302,003 | ~1.9000% | ~$252,740 | +33.0% |
| 2029 | ~$14,629,273 | ~$14,629,273 | ~1.8512% | ~$270,816 | +46.3% |
| 2030 | ~$16,088,976 | ~$16,088,976 | ~1.8024% | ~$289,983 | +60.9% |
In 2025, this property's market value of $10,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,879,610 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $7,660,257 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,623,800 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $7,356,300 | $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.