1005 E ST ELMO RD 2 TX 78745
| Owner | THOR ST ELMO N6 LLC & |
|---|---|
| Parcel ID | 0413010703 |
| Short ID | 896748 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,585 SF |
| Land SF | 27,849 SF |
| Acres | 0.639 |
| Year Built | 2015 |
| Legal | UNT 2 TEN O FIVE BUSINESS PARK CONDOMINIUMS PLUS 14.56 % INT IN COM AREA |
| Neighborhood | 53SOU |
| Land | $696,214 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $696,214 |
| Improvement | $1,991,429 |
|---|---|
| Total Improvement | $1,991,429 |
| Market | $2,687,643 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,687,643 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,687,643 |
| Taxable Value | $2,687,643 |
|---|
Appreciation: Market value has risen +20.1% from $2,238,000 (2021) to $2,687,643 (2025), a CAGR of 4.7% 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 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 $55,002. 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 26% of market value ($696,214 land vs $1,991,429 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~11 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,687,643, this parcel sits in the upper-middle (50th–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 +4.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,378,788 by 2030, with an estimated annual tax burden around $63,648. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 8,585 SF | ✓ |
| 501 | CANOPY | 360 SF | ✗ |
| 611 | TERRACE | 360 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% | $24,866.07 | $24,866.07 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,083.71 | $14,083.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,101.37 | $10,101.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,172.04 | $3,172.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,779.02 | $2,779.02 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $55,002.21 | $55,002.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,776,360 | $2,687,643 | +3.3% |
| Assessed Value | $2,776,360 | $2,687,643 | +3.3% |
| Land Value | $696,214 | $696,214 | +0.0% |
| Improvement Value | $2,080,146 | $1,991,429 | +4.5% |
| Taxable Value | $2,776,360 | $2,687,643 | +3.3% |
| Total Tax 2026 = estimate |
~$56,818
Estimated
|
~$55,002
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,776,360 | $2,776,360 | +0 (+0.0%) |
| Taxable Value | $2,776,360 | $2,776,360 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,776,360 | $696,214 | $2,080,146 | — | $2,776,360 | $2,776,360 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,687,643 | $696,214 | $1,991,429 | — | $2,687,643 | $2,687,643 | ~$55,002 | Partial |
| 2024 | $2,657,200 | — | — | −$1,960,986 | $696,214 | $— | $53,264 | Verified |
| 2023 | $2,401,464 | — | — | −$1,705,250 | $696,214 | $— | $48,275 | Verified |
| 2022 | $2,220,000 | — | — | −$1,802,272 | $417,728 | $— | $47,598 | Verified |
| 2021 | $2,238,000 | — | — | −$1,820,272 | $417,728 | $— | $49,028 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -6.0% | -6.0% | ~100% | 1.9800% | Verified |
| 2023 | +11.1% | +11.1% | ~100% | 1.6900% | Verified |
| 2022 | -11.0% | -11.0% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | +4.5% | +4.0% | +10.6% | 2024 | -0.8% | 2022 |
| Assessment Ratio | 100.0% | 48.8% | — | 100.0% | 2025 | 18.7% | 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 |
$55,002 | $50,633 | ~$60,121 | $55,002 | 2025 | $47,598 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,813,516 | ~$2,813,516 | ~2.0139% | ~$56,662 | +4.7% |
| 2027 | ~$2,945,285 | ~$2,945,285 | ~1.9814% | ~$58,358 | +9.6% |
| 2028 | ~$3,083,225 | ~$3,083,225 | ~1.9488% | ~$60,087 | +14.7% |
| 2029 | ~$3,227,625 | ~$3,227,625 | ~1.9163% | ~$61,851 | +20.1% |
| 2030 | ~$3,378,788 | ~$3,378,788 | ~1.8837% | ~$63,648 | +25.7% |
| 2026 | ~$2,759,764 | ~$2,759,764 | ~2.0465% | ~$56,478 | +2.7% |
| 2027 | ~$2,833,819 | ~$2,833,819 | ~2.0465% | ~$57,994 | +5.4% |
| 2028 | ~$2,909,863 | ~$2,909,863 | ~2.0465% | ~$59,550 | +8.3% |
| 2029 | ~$2,987,946 | ~$2,987,946 | ~2.0465% | ~$61,148 | +11.2% |
| 2030 | ~$3,068,125 | ~$3,068,125 | ~2.0465% | ~$62,789 | +14.2% |
| 2026 | ~$2,867,269 | ~$2,867,269 | ~1.9977% | ~$57,278 | +6.7% |
| 2027 | ~$3,058,901 | ~$3,058,901 | ~1.9488% | ~$59,613 | +13.8% |
| 2028 | ~$3,263,340 | ~$3,263,340 | ~1.9000% | ~$62,004 | +21.4% |
| 2029 | ~$3,481,442 | ~$3,481,442 | ~1.8512% | ~$64,448 | +29.5% |
| 2030 | ~$3,714,121 | ~$3,714,121 | ~1.8024% | ~$66,942 | +38.2% |
In 2025, this property's market value of $2,687,643 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +90% 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 | $2,687,643 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,657,200 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,401,464 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,220,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,238,000 | $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.