2109 RIO GRANDE ST TX 78705
| Owner | BVK AUSTIN PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0212011010 |
| Short ID | 203712 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 280,455 SF |
| Land SF | 28,635 SF |
| Acres | 0.657 |
| Year Built | 2020 |
| Legal | LT 1-3 OLT 23-1/2 DIV D HORSTS LOUIS SUBD |
| Neighborhood | 08WC |
| Land | $12,885,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,885,750 |
| Improvement | $116,974,250 |
|---|---|
| Total Improvement | $116,974,250 |
| Market | $129,860,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $129,860,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $129,860,000 |
| Taxable Value | $129,860,000 |
|---|
Appreciation: Market value has risen +196.6% from $43,785,116 (2021) to $129,860,000 (2025), a CAGR of 31.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family 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 $2,657,565. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 10% of market value ($12,885,750 land vs $116,974,250 improvements), about $450/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $129,860,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +24.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $381,615,686 by 2031, with an estimated annual tax burden around $3,921,582. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 280,455 SF | ✓ |
| 187 | PARKING GARAGE | 87,870 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $1,174,078.80 | $1,174,078.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $664,977.57 | $664,977.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $476,947.31 | $476,947.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $149,771.19 | $149,771.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $131,214.60 | $131,214.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,596,989.47 | $2,596,989.47 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,174,078.80 | 45.2% |
| CAT City of Austin | 0.5240% | $664,977.57 | 25.6% |
| TCO Travis County | 0.3758% | $476,947.31 | 18.4% |
| THD Travis Central Health | 0.1180% | $149,771.19 | 5.8% |
| ACT Austin Community College | 0.1034% | $131,214.60 | 5.1% |
| Total | 2.0465% | $2,596,989.47 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $129,263,634 | $129,860,000 | -0.5% |
| Assessed Value | $129,263,634 | $129,860,000 | -0.5% |
| Land Value | $6,442,875 | $12,885,750 | -50.0% |
| Improvement Value | $122,820,759 | $116,974,250 | +5.0% |
| Taxable Value | $129,263,634 | $129,860,000 | -0.5% |
| Total Tax 2026 = estimate |
~$2,645,361
Estimated
|
~$2,596,989
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $129,263,634 | $6,442,875 | $122,820,759 | — | $129,263,634 | $129,263,634 | Not yet — post-cert | Preliminary |
| 2025 | $129,860,000 | $12,885,750 | $116,974,250 | — | $129,860,000 | $129,860,000 | ~$2,596,989 | Partial |
| 2024 | $130,000,000 | $12,885,750 | $117,114,250 | — | $130,000,000 | $130,000,000 | $2,508,566 | Verified |
| 2023 | $146,539,992 | $12,885,750 | $133,654,242 | — | $146,539,992 | $146,539,992 | $2,360,895 | Verified |
| 2022 | $138,500,000 | $10,308,600 | $128,191,400 | — | $138,500,000 | $138,500,000 | $2,613,314 | Verified |
| 2021 | $43,785,116 | $3,584,814 | $40,200,302 | — | $43,785,116 | $43,785,116 | $953,061 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.5% | -0.5% | ~100% | Not available | Partial |
| 2025 | -0.1% | -0.1% | ~100% | Not available | Partial |
| 2024 | -11.3% | -11.3% | ~100% | No billing data | Verified |
| 2023 | +5.8% | +5.8% | ~100% | No billing data | Verified |
| 2022 | +216.3% ! | +216.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +196.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.5% | +42.0% | +24.2% | +216.3% | 2022 | -11.3% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,596,989 | $2,206,565 | ~$3,372,783 | $2,613,314 | 2022 | $953,061 | 2021 |
Market value changed by 216% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$160,511,566 | ~$142,189,997 | ~2.0139% | ~$2,863,616 | +24.2% |
| 2028 | ~$199,313,311 | ~$156,408,997 | ~1.9814% | ~$3,099,069 | +54.2% |
| 2029 | ~$247,494,912 | ~$172,049,897 | ~1.9488% | ~$3,352,976 | +91.5% |
| 2030 | ~$307,323,837 | ~$189,254,887 | ~1.9163% | ~$3,626,674 | +137.7% |
| 2031 | ~$381,615,686 | ~$208,180,375 | ~1.8837% | ~$3,921,582 | +195.2% |
| 2027 | ~$157,926,294 | ~$142,189,997 | ~2.0465% | ~$2,909,897 | +22.2% |
| 2028 | ~$192,944,554 | ~$156,408,997 | ~2.0465% | ~$3,200,887 | +49.3% |
| 2029 | ~$235,727,693 | ~$172,049,897 | ~2.0465% | ~$3,520,975 | +82.4% |
| 2030 | ~$287,997,480 | ~$189,254,887 | ~2.0465% | ~$3,873,073 | +122.8% |
| 2031 | ~$351,857,465 | ~$208,180,375 | ~2.0465% | ~$4,260,380 | +172.2% |
| 2027 | ~$163,096,839 | ~$142,189,997 | ~1.9977% | ~$2,840,476 | +26.2% |
| 2028 | ~$205,785,479 | ~$156,408,997 | ~1.9488% | ~$3,048,160 | +59.2% |
| 2029 | ~$259,647,359 | ~$172,049,897 | ~1.9000% | ~$3,268,977 | +100.9% |
| 2030 | ~$327,606,939 | ~$189,254,887 | ~1.8512% | ~$3,503,475 | +153.4% |
| 2031 | ~$413,354,123 | ~$208,180,375 | ~1.8024% | ~$3,752,183 | +219.8% |
In 2025, this property's market value of $129,860,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 250× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $129,860,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $130,000,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $146,539,992 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $138,500,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $43,785,116 | $353,349 | $436,046 | $657,886 | ↑ 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 | — |