2904 PALM WAY TX 78758
| Owner | TR DOMAIN 9 LLC |
|---|---|
| Parcel ID | 0256081601 |
| Short ID | 921659 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 117,836 SF |
| Land SF | 110,686 SF |
| Acres | 2.541 |
| Year Built | 2023 |
| Legal | LOT D9 DOMAIN LT D9 SUBD |
| Neighborhood | 51NWE |
| Land | $11,068,596 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,068,596 |
| Improvement | $131,285,344 |
|---|---|
| Total Improvement | $131,285,344 |
| Market | $142,353,940 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $142,353,940 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $142,353,940 |
| Taxable Value | $142,353,940 |
|---|
Appreciation: Market value has risen +2043.5% from $6,641,158 (2021) to $142,353,940 (2025), a CAGR of 115.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $2,913,252. Austin ISD is the largest single contributor, at 45.2% 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 8% of market value ($11,068,596 land vs $131,285,344 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $142,353,940, 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 +87.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,533,965,403 by 2031, with an estimated annual tax burden around $4,647,699. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 270,000 SF | ✓ |
| ADDL | Additional Floor | 138,892 SF | ✓ |
| 1ST | 1st Floor | 47,974 SF | ✓ |
| 3RD | 3rd Floor | 34,949 SF | ✓ |
| 4TH | 4th Floor | 34,949 SF | ✓ |
| 5TH | 5th Floor | 34,949 SF | ✓ |
| 2ND | 2nd Floor | 34,913 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% | $1,266,256.48 | $1,266,256.48 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $717,185.39 | $717,185.39 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $514,392.74 | $514,392.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $161,529.82 | $161,529.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $141,516.34 | $141,516.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,800,880.77 | $2,800,880.77 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,266,256.48 | 45.2% |
| CAT City of Austin | 0.5240% | $717,185.39 | 25.6% |
| TCO Travis County | 0.3758% | $514,392.74 | 18.4% |
| THD Travis Central Health | 0.1180% | $161,529.82 | 5.8% |
| ACT Austin Community College | 0.1034% | $141,516.34 | 5.1% |
| Total | 2.0465% | $2,800,880.77 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $153,197,985 | $142,353,940 | +7.6% |
| Assessed Value | $153,197,985 | $142,353,940 | +7.6% |
| Land Value | $11,068,596 | $11,068,596 | +0.0% |
| Improvement Value | $142,129,389 | $131,285,344 | +8.3% |
| Taxable Value | $153,197,985 | $142,353,940 | +7.6% |
| Total Tax 2026 = estimate |
~$3,135,174
Estimated
|
~$2,800,881
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $153,197,985 | $11,068,596 | $142,129,389 | — | $153,197,985 | $153,197,985 | Not yet — post-cert | Preliminary |
| 2025 | $142,353,940 | $11,068,596 | $131,285,344 | — | $142,353,940 | $142,353,940 | ~$2,800,881 | Partial |
| 2024 | $108,314,778 | $11,068,596 | $97,246,182 | — | $108,314,778 | $108,314,778 | $1,943,224 | Verified |
| 2023 | $125,621,150 | $11,068,596 | $114,552,554 | — | $125,621,150 | $125,621,150 | $1,845,629 | Verified |
| 2022 | $14,111,364 | $7,194,587 | $6,916,777 | — | $14,111,364 | $14,111,364 | $278,689 | Verified |
| 2021 | $6,641,158 | $6,641,158 | — | — | $6,641,158 | $6,641,158 | $144,557 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.6% | +7.6% | ~100% | Not available | Partial |
| 2025 | +31.4% | +31.4% | ~100% | Not available | Partial |
| 2024 | -13.8% | -13.8% | ~100% | No billing data | Verified |
| 2023 | +790.2% ! | +790.2% | ~100% | No billing data | Verified |
| 2022 | +112.5% ! | +112.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2043.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.6% | +185.6% | +87.3% | +790.2% | 2023 | -13.8% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,800,881 | $1,402,596 | ~$3,997,285 | $2,800,881 | 2025 | $144,557 | 2021 |
Market value changed by 112% 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 | ~$286,982,161 | ~$168,517,784 | ~2.0139% | ~$3,393,841 | +87.3% |
| 2028 | ~$537,596,892 | ~$185,369,562 | ~1.9814% | ~$3,672,890 | +250.9% |
| 2029 | ~$1,007,067,539 | ~$203,906,518 | ~1.9488% | ~$3,973,811 | +557.4% |
| 2030 | ~$1,886,515,794 | ~$224,297,170 | ~1.9163% | ~$4,298,186 | +1131.4% |
| 2031 | ~$3,533,965,403 | ~$246,726,887 | ~1.8837% | ~$4,647,699 | +2206.8% |
| 2027 | ~$283,918,201 | ~$168,517,784 | ~2.0465% | ~$3,448,691 | +85.3% |
| 2028 | ~$526,178,885 | ~$185,369,562 | ~2.0465% | ~$3,793,560 | +243.5% |
| 2029 | ~$975,154,878 | ~$203,906,518 | ~2.0465% | ~$4,172,916 | +536.5% |
| 2030 | ~$1,807,231,464 | ~$224,297,170 | ~2.0465% | ~$4,590,208 | +1079.7% |
| 2031 | ~$3,349,299,315 | ~$246,726,887 | ~2.0465% | ~$5,049,229 | +2086.3% |
| 2027 | ~$290,046,120 | ~$168,517,784 | ~1.9977% | ~$3,366,416 | +89.3% |
| 2028 | ~$549,137,458 | ~$185,369,562 | ~1.9488% | ~$3,612,555 | +258.4% |
| 2029 | ~$1,039,668,956 | ~$203,906,518 | ~1.9000% | ~$3,874,258 | +578.6% |
| 2030 | ~$1,968,380,637 | ~$224,297,170 | ~1.8512% | ~$4,152,176 | +1184.9% |
| 2031 | ~$3,726,688,490 | ~$246,726,887 | ~1.8024% | ~$4,446,934 | +2332.6% |
In 2025, this property's market value of $142,353,940 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 1686× 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 | $142,353,940 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $108,314,778 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $125,621,150 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $14,111,364 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $6,641,158 | $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 | — |