7008 S INTERSTATE HY 35 TX 78745
| Owner | LONG REAL ESTATE HOLDINGS LLC |
|---|---|
| Parcel ID | 0424050202 |
| Short ID | 512619 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,152 SF |
| Land SF | 52,155 SF |
| Acres | 1.197 |
| Year Built | 2020 |
| Legal | LOT 23 LESS E10FT BLK A CIRCLE S RIDGE SEC 1 |
| Neighborhood | 53SOU |
| Land | $782,325 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $782,325 |
| Improvement | $81,988 |
|---|---|
| Total Improvement | $81,988 |
| Market | $864,313 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $864,313 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $864,313 |
| Taxable Value | $864,313 |
|---|
Appreciation: Market value has risen +66.7% from $518,500 (2021) to $864,313 (2025), a CAGR of 13.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $17,688. 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 91% of market value ($782,325 land vs $81,988 improvements), about $15/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 $864,313, 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 +13.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,637,095 by 2030, with an estimated annual tax burden around $26,221. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 52,000 SF | ✗ |
| 1ST | 1st Floor | 1,152 SF | ✓ |
| 511 | DECK | 224 SF | ✗ |
Market value changed by 92% in 2024, 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% | $7,996.62 | $7,996.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,529.15 | $4,529.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,248.48 | $3,248.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,020.09 | $1,020.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $893.70 | $893.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,688.04 | $17,688.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $864,313 | $864,313 | +0.0% |
| Assessed Value | $864,313 | $864,313 | +0.0% |
| Land Value | $782,325 | $782,325 | +0.0% |
| Improvement Value | $81,988 | $81,988 | +0.0% |
| Taxable Value | $864,313 | $864,313 | +0.0% |
| Total Tax 2026 = estimate |
~$17,688
Estimated
|
~$17,688
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,131,026 | $864,313 | -266,713 (-23.6%) |
| Taxable Value | $1,037,176 | $864,313 | -172,863 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $864,313 | $782,325 | $81,988 | — | $864,313 | $864,313 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $864,313 | $782,325 | $81,988 | — | $864,313 | $864,313 | ~$17,688 | Partial |
| 2024 | $864,313 | — | — | −$81,988 | $782,325 | $— | $17,129 | Verified |
| 2023 | $545,230 | — | — | — | $782,325 ! | $— | $15,638 | Verified |
| 2022 | $619,535 | — | — | −$202,295 | $417,240 | $— | $10,768 | Verified |
| 2021 | $518,500 | — | — | −$101,260 | $417,240 | $— | $13,485 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +30.9% | +20.0% | 91.7% | Not available | Partial |
| 2025 | -51.9% | -51.9% | ~100% | Not available | Partial |
| 2024 | +92.0% ! | +92.0% | ~100% | 0.9500% | Verified |
| 2023 | +8.9% | +8.9% | ~100% | 1.6700% | Verified |
| 2022 | +38.7% | +38.7% | ~100% | 1.2500% | Verified |
| 2021 | base year | — | ~100% | 2.6000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +39.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +13.2% | +13.6% | +58.5% | 2024 | -12.0% | 2023 |
| Assessment Ratio | 100.0% | 97.0% | — | 143.5% | 2023 | 67.3% | 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 |
$17,688 | $14,942 | ~$22,552 | $17,688 | 2025 | $10,768 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$982,091 | ~$950,744 | ~2.0139% | ~$19,147 | +13.6% |
| 2027 | ~$1,115,918 | ~$1,045,819 | ~1.9814% | ~$20,722 | +29.1% |
| 2028 | ~$1,267,981 | ~$1,150,401 | ~1.9488% | ~$22,419 | +46.7% |
| 2029 | ~$1,440,766 | ~$1,265,441 | ~1.9163% | ~$24,250 | +66.7% |
| 2030 | ~$1,637,095 | ~$1,391,985 | ~1.8837% | ~$26,221 | +89.4% |
| 2026 | ~$964,804 | ~$950,744 | ~2.0465% | ~$19,457 | +11.6% |
| 2027 | ~$1,076,980 | ~$1,045,819 | ~2.0465% | ~$21,403 | +24.6% |
| 2028 | ~$1,202,198 | ~$1,150,401 | ~2.0465% | ~$23,543 | +39.1% |
| 2029 | ~$1,341,974 | ~$1,265,441 | ~2.0465% | ~$25,897 | +55.3% |
| 2030 | ~$1,498,002 | ~$1,391,985 | ~2.0465% | ~$28,487 | +73.3% |
| 2026 | ~$999,377 | ~$950,744 | ~1.9977% | ~$18,993 | +15.6% |
| 2027 | ~$1,155,547 | ~$1,045,819 | ~1.9488% | ~$20,381 | +33.7% |
| 2028 | ~$1,336,122 | ~$1,150,401 | ~1.9000% | ~$21,858 | +54.6% |
| 2029 | ~$1,544,914 | ~$1,265,441 | ~1.8512% | ~$23,426 | +78.7% |
| 2030 | ~$1,786,334 | ~$1,391,985 | ~1.8024% | ~$25,089 | +106.7% |
In 2025, this property's market value of $864,313 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -39% 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 | $864,313 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $864,313 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $545,230 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $619,535 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $518,500 | $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.