115 E ST ELMO RD TX 78745
| Owner | LEIFDEV115 LLC & LEIFELMO115 LLC |
|---|---|
| Parcel ID | 0412050120 |
| Short ID | 364363 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 20,000 SF |
| Land SF | 49,706 SF |
| Acres | 1.141 |
| Year Built | 1997 |
| Legal | LOT 2 ST ELMO SQUARE |
| Neighborhood | 64SOU |
| Land | $1,988,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,988,240 |
| Improvement | $1,811,760 |
|---|---|
| Total Improvement | $1,811,760 |
| Market | $3,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,800,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$206,000 |
| Net Appraised (assessed) | $3,594,000 |
| Taxable Value | $3,594,000 |
|---|
Appreciation: Market value has risen +65.2% from $2,300,000 (2021) to $3,800,000 (2025), a CAGR of 13.4% 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 $73,551. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($3,594,000) is $206,000 below market value, suggesting potential for an upward assessment in future years.
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 52% of market value ($1,988,240 land vs $1,811,760 improvements), about $40/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,800,000, 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 +13.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,117,923 by 2030, with an estimated annual tax burden around $109,034. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 20,000 SF | ✓ |
| 551 | PAVED AREA | 17,524 SF | ✗ |
| 881 | COMMCL FINISHOUT | 7,880 SF | ✓ |
| 501 | CANOPY | 360 SF | ✗ |
Market value changed by 85% in 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $33,251.69 | $33,251.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $18,833.17 | $18,833.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,507.87 | $13,507.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,241.75 | $4,241.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,716.20 | $3,716.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $73,550.68 | $73,550.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,510,000 | $3,800,000 | +18.7% |
| Assessed Value | $4,312,800 | $3,594,000 | +20.0% |
| Land Value | $1,988,240 | $1,988,240 | +0.0% |
| Improvement Value | $2,521,760 | $1,811,760 | +39.2% |
| Taxable Value | $4,312,800 | $3,594,000 | +20.0% |
| HS Cap Loss | -$197,200 | — | |
| Total Tax 2026 = estimate |
~$88,261
Estimated
|
~$73,551
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,557,509 | $4,510,000 | -47,509 (-1.0%) |
| Taxable Value | $4,312,800 | $4,312,800 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,510,000 | $1,988,240 | $2,521,760 | −$197,200 | $4,312,800 | $4,312,800 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,800,000 | $1,988,240 | $1,811,760 | −$206,000 | $3,594,000 | $3,594,000 | ~$73,551 | Partial |
| 2024 | $4,430,706 | — | — | −$2,442,466 | $1,988,240 | $— | $59,436 | Verified |
| 2023 | $3,450,241 | — | — | −$1,462,001 | $1,988,240 | $— | $80,162 | Verified |
| 2022 | $2,300,000 | — | — | −$311,760 | $1,988,240 | $— | $68,140 | Verified |
| 2021 | $2,300,000 | — | — | −$311,760 | $1,988,240 | $— | $50,064 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.9% | +20.0% | 94.6% | Not available | Partial |
| 2025 | +23.6% | +16.9% | 94.6% | Not available | Partial |
| 2024 | -30.6% | -30.6% | ~100% | 1.9300% | Verified |
| 2023 | +28.4% | +28.4% | ~100% | 1.8100% | Verified |
| 2022 | -85.0% ! | -85.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -83.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.7% | +16.6% | +9.8% | +50.0% | 2023 | -14.2% | 2025 |
| Assessment Ratio | 95.6% | 77.6% | — | 95.6% | 2026 | 44.9% | 2024 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$73,551 | $66,270 | ~$93,776 | $80,162 | 2023 | $50,064 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,308,217 | ~$3,953,400 | ~2.0139% | ~$79,619 | +13.4% |
| 2027 | ~$4,884,403 | ~$4,348,740 | ~1.9814% | ~$86,165 | +28.5% |
| 2028 | ~$5,537,649 | ~$4,783,614 | ~1.9488% | ~$93,225 | +45.7% |
| 2029 | ~$6,278,261 | ~$5,261,975 | ~1.9163% | ~$100,835 | +65.2% |
| 2030 | ~$7,117,923 | ~$5,788,173 | ~1.8837% | ~$109,034 | +87.3% |
| 2026 | ~$4,232,217 | ~$3,953,400 | ~2.0465% | ~$80,906 | +11.4% |
| 2027 | ~$4,713,594 | ~$4,348,740 | ~2.0465% | ~$88,996 | +24.0% |
| 2028 | ~$5,249,724 | ~$4,783,614 | ~2.0465% | ~$97,896 | +38.2% |
| 2029 | ~$5,846,834 | ~$5,261,975 | ~2.0465% | ~$107,686 | +53.9% |
| 2030 | ~$6,511,860 | ~$5,788,173 | ~2.0465% | ~$118,454 | +71.4% |
| 2026 | ~$4,384,217 | ~$3,953,400 | ~1.9977% | ~$78,976 | +15.4% |
| 2027 | ~$5,058,252 | ~$4,348,740 | ~1.9488% | ~$84,750 | +33.1% |
| 2028 | ~$5,835,913 | ~$4,783,614 | ~1.9000% | ~$90,889 | +53.6% |
| 2029 | ~$6,733,134 | ~$5,261,975 | ~1.8512% | ~$97,409 | +77.2% |
| 2030 | ~$7,768,294 | ~$5,788,173 | ~1.8024% | ~$104,324 | +104.4% |
In 2025, this property's market value of $3,800,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +168% above 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 | $3,800,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,430,706 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,450,241 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $2,300,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,300,000 | $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.