AMBITION WAY 78754
| Owner | BSREP III TUSCANY CROSSING LP |
|---|---|
| Parcel ID | 0233260106 |
| Short ID | 968092 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 99,081 SF |
| Land SF | 486,183 SF |
| Acres | 11.161 |
| Year Built | 2023 |
| Legal | TUSCANY CROSSING SUBD BLK A LOT 1 |
| Neighborhood | NE1 |
| Land | $1,944,732 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,944,732 |
| Improvement | $13,611,892 |
|---|---|
| Total Improvement | $13,611,892 |
| Market | $15,556,624 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,556,624 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,556,624 |
| Taxable Value | $15,556,624 |
|---|
Appreciation: Market value has risen +699.9% from $1,944,732 (2023) to $15,556,624 (2025), a CAGR of 182.8% over 2 years. This is strong appreciation — well above typical inflation. 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 Land/Vacant parcel countywide rose +18.1%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $342,663. Manor ISD is the largest single contributor, at 49.1% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 13% of market value ($1,944,732 land vs $13,611,892 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $15,556,624, 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 +93.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $377,693,802 by 2031, with an estimated annual tax burden around $422,968. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 301,500 SF | ✗ |
| 1ST | 1st Floor | 99,081 SF | ✓ |
| 491 | SPRINKLER HEADS | 99,081 SF | ✗ |
| 881 | COMMCL FINISHOUT | 5,210 SF | ✓ |
| 408 | LOADING RAMP | 2,400 SF | ✓ |
| 413 | STAIRWAY EXT | 5 SF | ✓ |
| 482 | LIGHT POLES | 5 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $168,229.33 | $168,229.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $81,519.35 | $81,519.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $58,468.79 | $58,468.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $18,360.39 | $18,360.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16,085.55 | $16,085.55 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $342,663.41 | $342,663.41 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $168,229.33 | 49.1% |
| CAT City of Austin | 0.5240% | $81,519.35 | 23.8% |
| TCO Travis County | 0.3758% | $58,468.79 | 17.1% |
| THD Travis Central Health | 0.1180% | $18,360.39 | 5.4% |
| ACT Austin Community College | 0.1034% | $16,085.55 | 4.7% |
| Total | 2.2027% | $342,663.41 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $14,027,000 | $15,556,624 | -9.8% |
| Assessed Value | $14,027,000 | $15,556,624 | -9.8% |
| Land Value | $1,944,732 | $1,944,732 | +0.0% |
| Improvement Value | $12,082,268 | $13,611,892 | -11.2% |
| Taxable Value | $14,027,000 | $15,556,624 | -9.8% |
| Total Tax 2026 = estimate |
~$308,971
Estimated
|
~$342,663
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $14,027,000 | $1,944,732 | $12,082,268 | — | $14,027,000 | $14,027,000 | Not yet — post-cert | Preliminary |
| 2025 | $15,556,624 | $1,944,732 | $13,611,892 | — | $15,556,624 | $15,556,624 | ~$342,663 | Partial |
| 2024 | $3,272,941 | $1,944,732 | $1,328,209 | — | $3,272,941 | $3,272,941 | $69,148 | Verified |
| 2023 | $1,944,732 | $1,944,732 | — | — | $1,944,732 | $1,944,732 | $39,592 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.8% | -9.8% | ~100% | Not available | Partial |
| 2025 | +375.3% ! | +375.3% | ~100% | Not available | Partial |
| 2024 | +68.3% | +68.3% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +699.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.8% | +144.6% | +93.2% | +375.3% | 2025 | -9.8% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$342,663 | $150,468 | ~$375,277 | $342,663 | 2025 | $39,592 | 2023 |
Market value changed by 375% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$27,101,904 | ~$15,429,700 | ~2.1366% | ~$329,673 | +93.2% |
| 2028 | ~$52,364,242 | ~$16,972,670 | ~2.0705% | ~$351,426 | +273.3% |
| 2029 | ~$101,174,213 | ~$18,669,937 | ~2.0045% | ~$374,232 | +621.3% |
| 2030 | ~$195,481,132 | ~$20,536,931 | ~1.9384% | ~$398,086 | +1293.6% |
| 2031 | ~$377,693,802 | ~$22,590,624 | ~1.8723% | ~$422,968 | +2592.6% |
| 2027 | ~$26,821,364 | ~$15,429,700 | ~2.2027% | ~$339,868 | +91.2% |
| 2028 | ~$51,285,777 | ~$16,972,670 | ~2.2027% | ~$373,854 | +265.6% |
| 2029 | ~$98,064,768 | ~$18,669,937 | ~2.2027% | ~$411,240 | +599.1% |
| 2030 | ~$187,512,004 | ~$20,536,931 | ~2.2027% | ~$452,364 | +1236.8% |
| 2031 | ~$358,546,218 | ~$22,590,624 | ~2.2027% | ~$497,600 | +2456.1% |
| 2027 | ~$27,382,444 | ~$15,429,700 | ~2.1036% | ~$324,575 | +95.2% |
| 2028 | ~$53,453,929 | ~$16,972,670 | ~2.0045% | ~$340,211 | +281.1% |
| 2029 | ~$104,348,702 | ~$18,669,937 | ~1.9054% | ~$355,728 | +643.9% |
| 2030 | ~$203,701,613 | ~$20,536,931 | ~1.8062% | ~$370,947 | +1352.2% |
| 2031 | ~$397,650,823 | ~$22,590,624 | ~1.7071% | ~$385,652 | +2734.9% |
In 2025, this property's market value of $15,556,624 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 184× 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 | $15,556,624 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $3,272,941 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $1,944,732 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 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 | 2023–2024 | 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 | 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 | — |