3815 S CAPITAL OF TX HY TX
| Owner | BCP BUILDING III LLC |
|---|---|
| Parcel ID | 0407180121 |
| Short ID | 310481 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 64,597 SF |
| Land SF | 193,842 SF |
| Acres | 4.450 |
| Year Built | 2000 |
| Legal | LOT 3 BARTON CREEK PLAZA TRACT D |
| Neighborhood | 51SWE |
| Land | $11,630,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,630,520 |
| Improvement | $4,366,342 |
|---|---|
| Total Improvement | $4,366,342 |
| Market | $15,996,862 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,996,862 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,996,862 |
| Taxable Value | $15,996,862 |
|---|
Appreciation: Market value has fallen -23.1% from $20,800,000 (2021) to $15,996,862 (2025), a CAGR of -6.4% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $327,373. 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 73% of market value ($11,630,520 land vs $4,366,342 improvements), about $60/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $15,996,862, 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 -6.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,521,237 by 2030, with an estimated annual tax burden around $217,030. 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 | 91,200 SF | ✗ |
| 491 | SPRINKLER HEADS | 64,597 SF | ✗ |
| 1ST | 1st Floor | 21,533 SF | ✓ |
| 2ND | 2nd Floor | 21,532 SF | ✓ |
| 3RD | 3rd Floor | 21,532 SF | ✓ |
| 501 | CANOPY | 2,240 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% | $148,002.97 | $148,002.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $83,826.28 | $83,826.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $60,123.41 | $60,123.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $18,879.98 | $18,879.98 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16,540.76 | $16,540.76 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $327,373.40 | $327,373.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $15,385,661 | $15,996,862 | -3.8% |
| Assessed Value | $15,385,661 | $15,996,862 | -3.8% |
| Land Value | $11,630,520 | $11,630,520 | +0.0% |
| Improvement Value | $3,755,141 | $4,366,342 | -14.0% |
| Taxable Value | $15,385,661 | $15,996,862 | -3.8% |
| Total Tax 2026 = estimate |
~$314,865
Estimated
|
~$327,373
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $15,385,661 | $15,385,661 | +0 (+0.0%) |
| Taxable Value | $15,385,661 | $15,385,661 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $15,385,661 | $11,630,520 | $3,755,141 | — | $15,385,661 | $15,385,661 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,996,862 | $11,630,520 | $4,366,342 | — | $15,996,862 | $15,996,862 | ~$327,373 | Partial |
| 2024 | $20,769,932 | — | — | −$9,139,412 | $11,630,520 | $— | $340,721 | Verified |
| 2023 | $25,008,084 | — | — | −$13,377,564 | $11,630,520 | $— | $375,779 | Verified |
| 2022 | $21,969,477 | — | — | −$18,092,637 | $3,876,840 | $— | $493,890 | Verified |
| 2021 | $20,800,000 | — | — | −$16,923,160 | $3,876,840 | $— | $478,205 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2025 | -13.4% | -13.4% | ~100% | Not available | Partial |
| 2024 | -11.0% | -11.0% | ~100% | 1.8400% | Verified |
| 2023 | -16.9% | -16.9% | ~100% | 1.8100% | Verified |
| 2022 | +13.8% | +13.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -27.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.8% | -4.9% | -5.6% | +13.8% | 2023 | -23.0% | 2025 |
| Assessment Ratio | 100.0% | 56.4% | — | 100.0% | 2025 | 17.6% | 2022 |
| 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 |
$327,373 | $403,194 | ~$257,696 | $493,890 | 2022 | $327,373 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$14,980,547 | ~$14,980,547 | ~2.0139% | ~$301,699 | -6.4% |
| 2027 | ~$14,028,800 | ~$14,028,800 | ~1.9814% | ~$277,965 | -12.3% |
| 2028 | ~$13,137,520 | ~$13,137,520 | ~1.9488% | ~$256,029 | -17.9% |
| 2029 | ~$12,302,865 | ~$12,302,865 | ~1.9163% | ~$235,759 | -23.1% |
| 2030 | ~$11,521,237 | ~$11,521,237 | ~1.8837% | ~$217,030 | -28.0% |
| 2026 | ~$15,197,019 | ~$15,197,019 | ~2.0465% | ~$311,005 | -5.0% |
| 2027 | ~$14,437,168 | ~$14,437,168 | ~2.0465% | ~$295,454 | -9.7% |
| 2028 | ~$13,715,310 | ~$13,715,310 | ~2.0465% | ~$280,682 | -14.3% |
| 2029 | ~$13,029,544 | ~$13,029,544 | ~2.0465% | ~$266,648 | -18.5% |
| 2030 | ~$12,378,067 | ~$12,378,067 | ~2.0465% | ~$253,315 | -22.6% |
| 2026 | ~$15,300,484 | ~$15,300,484 | ~1.9977% | ~$305,652 | -4.4% |
| 2027 | ~$14,634,421 | ~$14,634,421 | ~1.9488% | ~$285,201 | -8.5% |
| 2028 | ~$13,997,353 | ~$13,997,353 | ~1.9000% | ~$265,952 | -12.5% |
| 2029 | ~$13,388,018 | ~$13,388,018 | ~1.8512% | ~$247,838 | -16.3% |
| 2030 | ~$12,805,208 | ~$12,805,208 | ~1.8024% | ~$230,797 | -20.0% |
In 2025, this property's market value of $15,996,862 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 11× 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 | $15,996,862 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $20,769,932 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $25,008,084 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $21,969,477 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $20,800,000 | $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.