1005 E ST ELMO RD 8 TX 78745
| Owner | THOR ST ELMO N6 LLC & |
|---|---|
| Parcel ID | 0413010709 |
| Short ID | 896754 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,822 SF |
| Land SF | 9,143 SF |
| Acres | 0.210 |
| Year Built | 2015 |
| Legal | UNT 8 TEN O FIVE BUSINESS PARK CONDOMINIUMS PLUS 4.78 % INT IN COM AREA |
| Neighborhood | 53SOU |
| Land | $228,565 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $228,565 |
| Improvement | $731,307 |
|---|---|
| Total Improvement | $731,307 |
| Market | $959,872 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $959,872 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $959,872 |
| Taxable Value | $959,872 |
|---|
Appreciation: Market value has risen +15.3% from $832,800 (2021) to $959,872 (2025), a CAGR of 3.6% 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 $19,644. 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 24% of market value ($228,565 land vs $731,307 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 $959,872, this parcel sits in the lower-middle (25th–50th 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 +3.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,146,315 by 2030, with an estimated annual tax burden around $21,594. 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 | 2,822 SF | ✓ |
| 501 | CANOPY | 475 SF | ✗ |
| 611 | TERRACE | 475 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% | $8,880.74 | $8,880.74 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,029.89 | $5,029.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,607.63 | $3,607.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,132.87 | $1,132.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $992.51 | $992.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,643.64 | $19,643.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $938,990 | $959,872 | -2.2% |
| Assessed Value | $938,990 | $959,872 | -2.2% |
| Land Value | $228,565 | $228,565 | +0.0% |
| Improvement Value | $710,425 | $731,307 | -2.9% |
| Taxable Value | $938,990 | $959,872 | -2.2% |
| Total Tax 2026 = estimate |
~$19,216
Estimated
|
~$19,644
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $938,990 | $938,990 | +0 (+0.0%) |
| Taxable Value | $938,990 | $938,990 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $938,990 | $228,565 | $710,425 | — | $938,990 | $938,990 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $959,872 | $228,565 | $731,307 | — | $959,872 | $959,872 | ~$19,644 | Partial |
| 2024 | $872,350 | — | — | −$643,785 | $228,565 | $— | $19,023 | Verified |
| 2023 | $857,988 | — | — | −$629,423 | $228,565 | $— | $15,849 | Verified |
| 2022 | $830,000 | — | — | −$692,861 | $137,139 | $— | $17,006 | Verified |
| 2021 | $832,800 | — | — | −$695,661 | $137,139 | $— | $18,193 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +2.2% | +2.2% | ~100% | 1.9800% | Verified |
| 2023 | +2.1% | +2.1% | ~100% | 1.6900% | Verified |
| 2022 | -3.3% | -3.3% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.2% | +2.5% | +4.1% | +10.0% | 2025 | -2.2% | 2026 |
| Assessment Ratio | 100.0% | 47.6% | — | 100.0% | 2025 | 16.5% | 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 |
$19,644 | $17,943 | ~$20,810 | $19,644 | 2025 | $15,849 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$994,561 | ~$994,561 | ~2.0139% | ~$20,030 | +3.6% |
| 2027 | ~$1,030,504 | ~$1,030,504 | ~1.9814% | ~$20,418 | +7.4% |
| 2028 | ~$1,067,746 | ~$1,067,746 | ~1.9488% | ~$20,809 | +11.2% |
| 2029 | ~$1,106,333 | ~$1,106,333 | ~1.9163% | ~$21,201 | +15.3% |
| 2030 | ~$1,146,315 | ~$1,146,315 | ~1.8837% | ~$21,594 | +19.4% |
| 2026 | ~$975,364 | ~$975,364 | ~2.0465% | ~$19,961 | +1.6% |
| 2027 | ~$991,105 | ~$991,105 | ~2.0465% | ~$20,283 | +3.3% |
| 2028 | ~$1,007,101 | ~$1,007,101 | ~2.0465% | ~$20,610 | +4.9% |
| 2029 | ~$1,023,355 | ~$1,023,355 | ~2.0465% | ~$20,943 | +6.6% |
| 2030 | ~$1,039,871 | ~$1,039,871 | ~2.0465% | ~$21,281 | +8.3% |
| 2026 | ~$1,013,759 | ~$1,013,759 | ~1.9977% | ~$20,251 | +5.6% |
| 2027 | ~$1,070,670 | ~$1,070,670 | ~1.9488% | ~$20,866 | +11.5% |
| 2028 | ~$1,130,777 | ~$1,130,777 | ~1.9000% | ~$21,485 | +17.8% |
| 2029 | ~$1,194,258 | ~$1,194,258 | ~1.8512% | ~$22,108 | +24.4% |
| 2030 | ~$1,261,303 | ~$1,261,303 | ~1.8024% | ~$22,733 | +31.4% |
In 2025, this property's market value of $959,872 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -32% below 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 | $959,872 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $872,350 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $857,988 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $830,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $832,800 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.