9324 NEILS THOMPSON DR TX 78758
| Owner | BRE JUPITER C2 ICON TX OWNER LP |
|---|---|
| Parcel ID | 0249060406 |
| Short ID | 255892 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 56,000 SF |
| Land SF | 113,853 SF |
| Acres | 2.614 |
| Year Built | 1976 |
| Legal | LOT 2 BLK G INDUSTRIAL TERRACE SEC 4 |
| Neighborhood | 60NOR |
| Land | $1,138,530 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,138,530 |
| Improvement | $8,961,470 |
|---|---|
| Total Improvement | $8,961,470 |
| Market | $10,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,100,000 |
| Taxable Value | $10,100,000 |
|---|
Appreciation: Market value has risen +43.1% from $7,055,583 (2021) to $10,100,000 (2025), a CAGR of 9.4% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +17.8%, 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 $206,695. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 11% of market value ($1,138,530 land vs $8,961,470 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~50 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,100,000, this parcel sits in the top quartile (≥75th 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 +7.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $14,986,726 by 2031, with an estimated annual tax burden around $282,311. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 56,000 SF | ✓ |
| 551 | PAVED AREA | 33,600 SF | ✗ |
| 881 | COMMCL FINISHOUT | 7,446 SF | ✓ |
| 408 | LOADING RAMP | 1,130 SF | ✓ |
| 093 | HVAC COMMRCL SF | 1,080 SF | ✗ |
| 413 | STAIRWAY EXT | 7 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% | $93,445.20 | $93,445.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,925.72 | $52,925.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,960.35 | $37,960.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,920.32 | $11,920.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,443.40 | $10,443.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $206,694.99 | $206,694.99 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $93,445.20 | 45.2% |
| CAT City of Austin | 0.5240% | $52,925.72 | 25.6% |
| TCO Travis County | 0.3758% | $37,960.35 | 18.4% |
| THD Travis Central Health | 0.1180% | $11,920.32 | 5.8% |
| ACT Austin Community College | 0.1034% | $10,443.40 | 5.1% |
| Total | 2.0465% | $206,694.99 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,283,000 | $10,100,000 | +1.8% |
| Assessed Value | $10,283,000 | $10,100,000 | +1.8% |
| Land Value | $1,138,530 | $1,138,530 | +0.0% |
| Improvement Value | $9,144,470 | $8,961,470 | +2.0% |
| Taxable Value | $10,283,000 | $10,100,000 | +1.8% |
| Total Tax 2026 = estimate |
~$210,440
Estimated
|
~$206,695
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $10,283,000 | $1,138,530 | $9,144,470 | — | $10,283,000 | $10,283,000 | Not yet — post-cert | Preliminary |
| 2025 | $10,100,000 | $1,138,530 | $8,961,470 | — | $10,100,000 | $10,100,000 | ~$206,695 | Partial |
| 2024 | $10,194,637 | $1,138,530 | $9,056,107 | — | $10,194,637 | $10,194,637 | $177,598 | Verified |
| 2023 | $9,628,220 | $1,138,530 | $8,489,690 | — | $9,628,220 | $9,628,220 | $154,086 | Verified |
| 2022 | $8,587,881 | $1,138,530 | $7,449,351 | — | $8,587,881 | $8,587,881 | $146,379 | Verified |
| 2021 | $7,055,583 | $1,138,530 | $5,917,053 | — | $7,055,583 | $7,055,583 | $148,075 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | -0.9% | -0.9% | ~100% | Not available | Partial |
| 2024 | +5.9% | +5.9% | ~100% | No billing data | Verified |
| 2023 | +12.1% | +12.1% | ~100% | No billing data | Verified |
| 2022 | +21.7% | +21.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +43.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +8.1% | +7.8% | +21.7% | 2022 | -0.9% | 2025 |
| 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 |
$206,695 | $166,566 | ~$252,010 | $206,695 | 2025 | $146,379 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$11,087,592 | ~$11,087,592 | ~2.0139% | ~$223,297 | +7.8% |
| 2028 | ~$11,955,138 | ~$11,955,138 | ~1.9814% | ~$236,878 | +16.3% |
| 2029 | ~$12,890,566 | ~$12,890,566 | ~1.9488% | ~$251,216 | +25.4% |
| 2030 | ~$13,899,186 | ~$13,899,186 | ~1.9163% | ~$266,349 | +35.2% |
| 2031 | ~$14,986,726 | ~$14,986,726 | ~1.8837% | ~$282,311 | +45.7% |
| 2027 | ~$10,881,932 | ~$10,881,932 | ~2.0465% | ~$222,697 | +5.8% |
| 2028 | ~$11,515,748 | ~$11,515,748 | ~2.0465% | ~$235,668 | +12.0% |
| 2029 | ~$12,186,481 | ~$12,186,481 | ~2.0465% | ~$249,395 | +18.5% |
| 2030 | ~$12,896,280 | ~$12,896,280 | ~2.0465% | ~$263,920 | +25.4% |
| 2031 | ~$13,647,422 | ~$13,647,422 | ~2.0465% | ~$279,292 | +32.7% |
| 2027 | ~$11,293,252 | ~$11,293,252 | ~1.9977% | ~$225,601 | +9.8% |
| 2028 | ~$12,402,755 | ~$12,402,755 | ~1.9488% | ~$241,710 | +20.6% |
| 2029 | ~$13,621,262 | ~$13,621,262 | ~1.9000% | ~$258,806 | +32.5% |
| 2030 | ~$14,959,481 | ~$14,959,481 | ~1.8512% | ~$276,929 | +45.5% |
| 2031 | ~$16,429,172 | ~$16,429,172 | ~1.8024% | ~$296,115 | +59.8% |
In 2025, this property's market value of $10,100,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 7× 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 | $10,100,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $10,194,637 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $9,628,220 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $8,587,881 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $7,055,583 | $538,645 | $1,173,514 | $2,782,974 | ↑ 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 | — |