F M RD 2244 TX 78746
| Owner | RR GRACE LANE LP |
|---|---|
| Parcel ID | 0123340406 |
| Short ID | 850712 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 75,000 SF |
| Land SF | 374,093 SF |
| Acres | 8.588 |
| Year Built | 2023 |
| Legal | LOT 1-2 SEVEN OAKS SEC 3 PHS 2 |
| Neighborhood | 1SW2 |
| Land | $2,992,746 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,992,746 |
| Improvement | $21,153,976 |
|---|---|
| Total Improvement | $21,153,976 |
| Market | $24,146,722 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,146,722 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $24,146,722 |
| Taxable Value | $24,146,722 |
|---|
Appreciation: Market value has risen +1070.1% from $2,063,726 (2021) to $24,146,722 (2025), a CAGR of 84.9% 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 Land/Vacant parcel countywide rose +283.7%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 4 taxing entities is 1.4019% in 2025 (-0.0070% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $338,505. Eanes ISD is the largest single contributor, at 59.4% of the total 2025 levy.
Asset Class: Land / Vacant. 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 12% of market value ($2,992,746 land vs $21,153,976 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $24,146,722, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +66.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $327,416,536 by 2031, with an estimated annual tax burden around $477,606. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 70,143 SF | ✓ |
| 1ST | 1st Floor | 25,000 SF | ✓ |
| 2ND | 2nd Floor | 25,000 SF | ✓ |
| 3RD | 3rd Floor | 25,000 SF | ✓ |
| 450 | SPORT COURT | 19,700 SF | ✗ |
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.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $200,949.02 | $200,949.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $90,754.25 | $90,754.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $28,498.69 | $28,498.69 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $18,303.22 | $18,303.22 | Paid |
| Combined Rate | 1.6107% | 1.4941% | 1.3668% | 1.4089% | 1.4019% | -0.0070% | $338,505.18 | $338,505.18 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IEA Eanes ISD | 0.8322% | $200,949.02 | 59.4% |
| TCO Travis County | 0.3758% | $90,754.25 | 26.8% |
| THD Travis Central Health | 0.1180% | $28,498.69 | 8.4% |
| E09 Travis County ESD # 09 | 0.0758% | $18,303.22 | 5.4% |
| Total | 1.4019% | $338,505.18 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $25,994,192 | $24,146,722 | +7.7% |
| Assessed Value | $25,994,192 | $24,146,722 | +7.7% |
| Land Value | $2,992,746 | $2,992,746 | +0.0% |
| Improvement Value | $23,001,446 | $21,153,976 | +8.7% |
| Taxable Value | $25,994,192 | $24,146,722 | +7.7% |
| Total Tax 2026 = estimate |
~$364,404
Estimated
|
~$338,505
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $25,994,192 | $2,992,746 | $23,001,446 | — | $25,994,192 | $25,994,192 | Not yet — post-cert | Preliminary |
| 2025 | $24,146,722 | $2,992,746 | $21,153,976 | — | $24,146,722 | $24,146,722 | ~$338,505 | Partial |
| 2024 | $19,218,060 | $2,992,746 | $16,225,314 | — | $19,218,060 | $19,218,060 | $270,766 | Verified |
| 2023 | $2,992,746 | $2,992,746 | — | — | $2,992,746 | $2,992,746 | $40,906 | Verified |
| 2022 | $2,992,746 | $2,992,746 | — | — | $2,992,746 | $2,992,746 | $31,301 | Verified |
| 2021 | $2,063,726 | $2,063,726 | — | — | $2,063,726 | $2,063,726 | $28,922 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2025 | +25.6% | +25.6% | ~100% | Not available | Partial |
| 2024 | +542.2% ! | +542.2% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +45.0% | +45.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1070.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.7% | +124.1% | +66.0% | +542.2% | 2024 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$338,505 | $142,080 | ~$431,302 | $338,505 | 2025 | $28,922 | 2021 |
Market value changed by 542% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$43,144,077 | ~$28,593,611 | ~1.3497% | ~$385,918 | +66.0% |
| 2028 | ~$71,608,741 | ~$31,452,972 | ~1.2975% | ~$408,091 | +175.5% |
| 2029 | ~$118,853,204 | ~$34,598,270 | ~1.2453% | ~$430,838 | +357.2% |
| 2030 | ~$197,267,596 | ~$38,058,097 | ~1.1931% | ~$454,055 | +658.9% |
| 2031 | ~$327,416,536 | ~$41,863,906 | ~1.1409% | ~$477,606 | +1159.6% |
| 2027 | ~$42,624,193 | ~$28,593,611 | ~1.4019% | ~$400,845 | +64.0% |
| 2028 | ~$69,893,375 | ~$31,452,972 | ~1.4019% | ~$440,929 | +168.9% |
| 2029 | ~$114,608,245 | ~$34,598,270 | ~1.4019% | ~$485,022 | +340.9% |
| 2030 | ~$187,929,824 | ~$38,058,097 | ~1.4019% | ~$533,524 | +623.0% |
| 2031 | ~$308,159,495 | ~$41,863,906 | ~1.4019% | ~$586,877 | +1085.5% |
| 2027 | ~$43,663,961 | ~$28,593,611 | ~1.3236% | ~$378,455 | +68.0% |
| 2028 | ~$73,344,902 | ~$31,452,972 | ~1.2453% | ~$391,671 | +182.2% |
| 2029 | ~$123,201,709 | ~$34,598,270 | ~1.1670% | ~$403,746 | +374.0% |
| 2030 | ~$206,949,098 | ~$38,058,097 | ~1.0887% | ~$414,320 | +696.1% |
| 2031 | ~$347,624,471 | ~$41,863,906 | ~1.0103% | ~$422,971 | +1237.3% |
In 2025, this property's market value of $24,146,722 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 286× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $24,146,722 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $19,218,060 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $2,992,746 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $2,992,746 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $2,063,726 | $8,000 | $22,000 | $81,900 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |