8788 RESEARCH BLVD TX 78758
| Owner | GRIFFITH & ROSE INVESTMENTS IN |
|---|---|
| Parcel ID | 0243100705 |
| Short ID | 248787 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 7,241 SF |
| Land SF | 21,605 SF |
| Acres | 0.496 |
| Year Built | 1972 |
| Legal | LOT 1 *LESS 3077SF NORTHGATE TERRACE ANNEX |
| Neighborhood | 83NOR |
| Land | $864,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,200 |
| Improvement | $222,139 |
|---|---|
| Total Improvement | $222,139 |
| Market | $1,086,339 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,086,339 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,086,339 |
| Taxable Value | $1,086,339 |
|---|
Appreciation: Market value has fallen -12.6% from $1,242,439 (2021) to $1,086,339 (2025), a CAGR of -3.3% over 4 years. Growth has been relatively flat for this asset class. 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 +17.8%, 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 $22,232. 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 80% of market value ($864,200 land vs $222,139 improvements), about $40/SF of land. With value concentrated in the land under a ~54-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,086,339, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 -0.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,136,088 by 2031, with an estimated annual tax burden around $21,401. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,123 SF | ✗ |
| 1ST | 1st Floor | 7,241 SF | ✓ |
| 591 | MASONRY TRIM SF | 3,290 SF | ✗ |
| SO | Sketch Only | 1,790 SF | ✗ |
| 611 | TERRACE | 385 SF | ✗ |
| 328 | MEZZ COMM (STG) | 240 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% | $10,050.81 | $10,050.81 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,692.60 | $5,692.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,082.95 | $4,082.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,282.13 | $1,282.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,123.27 | $1,123.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,231.76 | $22,231.76 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $10,050.81 | 45.2% |
| CAT City of Austin | 0.5240% | $5,692.60 | 25.6% |
| TCO Travis County | 0.3758% | $4,082.95 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,282.13 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,123.27 | 5.1% |
| Total | 2.0465% | $22,231.76 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,188,074 | $1,086,339 | +9.4% |
| Assessed Value | $1,188,074 | $1,086,339 | +9.4% |
| Land Value | $864,200 | $864,200 | +0.0% |
| Improvement Value | $323,874 | $222,139 | +45.8% |
| Taxable Value | $1,188,074 | $1,086,339 | +9.4% |
| Total Tax 2026 = estimate |
~$24,314
Estimated
|
~$22,232
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,188,074 | $864,200 | $323,874 | — | $1,188,074 | $1,188,074 | Not yet — post-cert | Preliminary |
| 2025 | $1,086,339 | $864,200 | $222,139 | — | $1,086,339 | $1,086,339 | ~$22,232 | Partial |
| 2024 | $1,018,385 | $864,200 | $154,185 | — | $1,018,385 | $1,018,385 | $20,182 | Verified |
| 2023 | $1,249,310 | $648,150 | $601,160 | — | $1,249,310 | $1,249,310 | $22,603 | Verified |
| 2022 | $1,242,439 | $648,150 | $594,289 | — | $1,242,439 | $1,242,439 | $24,537 | Verified |
| 2021 | $1,242,439 | $648,150 | $594,289 | — | $1,242,439 | $1,242,439 | $27,044 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.4% | +9.4% | ~100% | Not available | Partial |
| 2025 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | No billing data | Verified |
| 2023 | +0.6% | +0.6% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -12.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.4% | -0.4% | -0.9% | +9.4% | 2026 | -18.5% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$22,232 | $23,320 | ~$22,549 | $27,044 | 2021 | $20,182 | 2024 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,177,490 | ~$1,177,490 | ~2.0139% | ~$23,714 | -0.9% |
| 2028 | ~$1,167,000 | ~$1,167,000 | ~1.9814% | ~$23,123 | -1.8% |
| 2029 | ~$1,156,604 | ~$1,156,604 | ~1.9488% | ~$22,540 | -2.6% |
| 2030 | ~$1,146,300 | ~$1,146,300 | ~1.9163% | ~$21,966 | -3.5% |
| 2031 | ~$1,136,088 | ~$1,136,088 | ~1.8837% | ~$21,401 | -4.4% |
| 2027 | ~$1,153,728 | ~$1,153,728 | ~2.0465% | ~$23,611 | -2.9% |
| 2028 | ~$1,120,376 | ~$1,120,376 | ~2.0465% | ~$22,928 | -5.7% |
| 2029 | ~$1,087,987 | ~$1,087,987 | ~2.0465% | ~$22,265 | -8.4% |
| 2030 | ~$1,056,535 | ~$1,056,535 | ~2.0465% | ~$21,622 | -11.1% |
| 2031 | ~$1,025,992 | ~$1,025,992 | ~2.0465% | ~$20,997 | -13.6% |
| 2027 | ~$1,201,251 | ~$1,201,251 | ~1.9977% | ~$23,997 | +1.1% |
| 2028 | ~$1,214,575 | ~$1,214,575 | ~1.9488% | ~$23,670 | +2.2% |
| 2029 | ~$1,228,046 | ~$1,228,046 | ~1.9000% | ~$23,333 | +3.4% |
| 2030 | ~$1,241,667 | ~$1,241,667 | ~1.8512% | ~$22,986 | +4.5% |
| 2031 | ~$1,255,439 | ~$1,255,439 | ~1.8024% | ~$22,628 | +5.7% |
In 2025, this property's market value of $1,086,339 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -21% below the county median of $1,382,921. 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 | $1,086,339 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $1,018,385 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $1,249,310 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $1,242,439 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,242,439 | $538,645 | $1,173,514 | $2,782,974 | ↑ Above median | 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 | — |