2301 E ST ELMO RD TX 78744
| Owner | CPT SOUTHPARK COMMERCE |
|---|---|
| Parcel ID | 0316010104 |
| Short ID | 738510 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 422,500 SF |
| Land SF | 1,329,594 SF |
| Acres | 30.523 |
| Year Built | 2007 |
| Legal | LOT 8 BLK A SOUTHPARK COMMERCE CENTER LOT 8 |
| Neighborhood | 64SEA |
| Land | $5,318,376 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,318,376 |
| Improvement | $59,681,624 |
|---|---|
| Total Improvement | $59,681,624 |
| Market | $65,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $65,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $65,000,000 |
| Taxable Value | $65,000,000 |
|---|
Appreciation: Market value has risen +37.7% from $47,207,940 (2021) to $65,000,000 (2025), a CAGR of 8.3% over 4 years. This is strong appreciation — well above typical inflation. 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 $1,330,215. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 8% of market value ($5,318,376 land vs $59,681,624 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $65,000,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $96,947,417 by 2030, with an estimated annual tax burden around $1,826,240. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 520,000 SF | ✗ |
| 1ST | 1st Floor | 422,500 SF | ✓ |
| 491 | SPRINKLER HEADS | 342,250 SF | ✗ |
| 093 | HVAC COMMRCL SF | 119,208 SF | ✗ |
| 881 | COMMCL FINISHOUT | 65,132 SF | ✓ |
| 501 | CANOPY | 8,394 SF | ✗ |
| 408 | LOADING RAMP | 1,650 SF | ✓ |
| 413 | STAIRWAY EXT | 26 SF | ✓ |
| 482 | LIGHT POLES | 24 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% | $601,380.00 | $601,380.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $340,611.05 | $340,611.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $244,299.25 | $244,299.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $76,714.95 | $76,714.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $67,210.00 | $67,210.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,330,215.25 | $1,330,215.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,000,000 | $65,000,000 | +6.2% |
| Assessed Value | $69,000,000 | $65,000,000 | +6.2% |
| Land Value | $5,318,376 | $5,318,376 | +0.0% |
| Improvement Value | $63,681,624 | $59,681,624 | +6.7% |
| Taxable Value | $69,000,000 | $65,000,000 | +6.2% |
| Total Tax 2026 = estimate |
~$1,412,075
Estimated
|
~$1,330,215
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $69,000,000 | $69,000,000 | +0 (+0.0%) |
| Taxable Value | $69,000,000 | $69,000,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,000,000 | $5,318,376 | $63,681,624 | — | $69,000,000 | $69,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $65,000,000 | $5,318,376 | $59,681,624 | — | $65,000,000 | $65,000,000 | ~$1,330,215 | Partial |
| 2024 | $60,168,727 | — | — | −$54,850,351 | $5,318,376 | $— | $1,193,165 | Verified |
| 2023 | $59,500,000 | — | — | −$54,181,624 | $5,318,376 | $— | $1,088,601 | Verified |
| 2022 | $51,175,817 | — | — | −$45,857,441 | $5,318,376 | $— | $1,177,124 | Verified |
| 2021 | $47,207,940 | — | — | −$41,889,564 | $5,318,376 | $— | $1,056,422 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.2% | +6.2% | ~100% | Not available | Partial |
| 2025 | +1.5% | +1.5% | ~100% | Not available | Partial |
| 2024 | +6.4% | +6.4% | ~100% | 1.8600% | Verified |
| 2023 | -2.3% | -2.3% | ~100% | 1.8100% | Verified |
| 2022 | +20.3% | +20.3% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.2% | +8.0% | +7.1% | +16.3% | 2023 | +1.1% | 2024 |
| Assessment Ratio | 100.0% | 39.9% | — | 100.0% | 2025 | 8.8% | 2024 |
| 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 |
$1,330,215 | $1,169,105 | ~$1,616,135 | $1,330,215 | 2025 | $1,056,422 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$70,410,582 | ~$70,410,582 | ~2.0139% | ~$1,418,024 | +8.3% |
| 2027 | ~$76,271,539 | ~$76,271,539 | ~1.9814% | ~$1,511,235 | +17.3% |
| 2028 | ~$82,620,361 | ~$82,620,361 | ~1.9488% | ~$1,610,138 | +27.1% |
| 2029 | ~$89,497,657 | ~$89,497,657 | ~1.9163% | ~$1,715,036 | +37.7% |
| 2030 | ~$96,947,417 | ~$96,947,417 | ~1.8837% | ~$1,826,240 | +49.1% |
| 2026 | ~$69,110,582 | ~$69,110,582 | ~2.0465% | ~$1,414,338 | +6.3% |
| 2027 | ~$73,481,116 | ~$73,481,116 | ~2.0465% | ~$1,503,780 | +13.0% |
| 2028 | ~$78,128,041 | ~$78,128,041 | ~2.0465% | ~$1,598,879 | +20.2% |
| 2029 | ~$83,068,837 | ~$83,068,837 | ~2.0465% | ~$1,699,991 | +27.8% |
| 2030 | ~$88,322,087 | ~$88,322,087 | ~2.0465% | ~$1,807,498 | +35.9% |
| 2026 | ~$71,710,582 | ~$71,500,000 | ~1.9977% | ~$1,428,329 | +10.3% |
| 2027 | ~$79,113,962 | ~$78,650,000 | ~1.9488% | ~$1,532,762 | +21.7% |
| 2028 | ~$87,281,666 | ~$86,515,000 | ~1.9000% | ~$1,643,799 | +34.3% |
| 2029 | ~$96,292,601 | ~$95,166,500 | ~1.8512% | ~$1,761,717 | +48.1% |
| 2030 | ~$106,233,822 | ~$104,683,150 | ~1.8024% | ~$1,886,779 | +63.4% |
In 2025, this property's market value of $65,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 46× 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 | $65,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $60,168,727 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $59,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $51,175,817 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $47,207,940 | $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.