12234 N INTERSTATE HY 35 TX 78753
| Owner | WELCOME INDUSTRIAL SUB 21 LLC |
|---|---|
| Parcel ID | 0256230204 |
| Short ID | 461059 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 194,700 SF |
| Land SF | 829,634 SF |
| Acres | 19.046 |
| Year Built | 1999 |
| Legal | LOT 1 BLK A LESS .3219AC PARK THIRTY-FIVE SEC IV |
| Neighborhood | 66NOR |
| Land | $12,444,510 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,444,510 |
| Improvement | $27,555,490 |
|---|---|
| Total Improvement | $27,555,490 |
| Market | $40,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $40,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $40,000,000 |
| Taxable Value | $40,000,000 |
|---|
Appreciation: Market value has risen +25.0% from $32,000,000 (2021) to $40,000,000 (2025), a CAGR of 5.7% over 4 years. This represents moderate, steady growth. 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 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $891,274. Pflugerville ISD is the largest single contributor, at 49.7% 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 31% of market value ($12,444,510 land vs $27,555,490 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $40,000,000, 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 +7.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $63,793,474 by 2031, with an estimated annual tax burden around $1,202,311. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 246,620 SF | ✗ |
| 1ST | 1st Floor | 194,700 SF | ✓ |
| 491 | SPRINKLER HEADS | 194,700 SF | ✗ |
| 881 | COMMCL FINISHOUT | 184,660 SF | ✓ |
| 501 | CANOPY | 10,040 SF | ✗ |
| 407 | LOADING DOCK | 600 SF | ✓ |
| 482 | LIGHT POLES | 23 SF | ✓ |
| 413 | STAIRWAY EXT | 2 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $408,999.55 | $408,999.55 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $193,624.28 | $193,624.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $138,874.73 | $138,874.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $43,609.50 | $43,609.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $38,206.30 | $38,206.30 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $823,314.36 | $823,314.36 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IPF Pflugerville ISD | 1.1069% | $408,999.55 | 49.7% |
| CAT City of Austin | 0.5240% | $193,624.28 | 23.5% |
| TCO Travis County | 0.3758% | $138,874.73 | 16.9% |
| THD Travis Central Health | 0.1180% | $43,609.50 | 5.3% |
| ACT Austin Community College | 0.1034% | $38,206.30 | 4.6% |
| Total | 2.2282% | $823,314.36 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,181,757 | $40,000,000 | +13.0% |
| Assessed Value | $45,181,757 | $40,000,000 | +13.0% |
| Land Value | $12,372,795 | $12,444,510 | -0.6% |
| Improvement Value | $32,808,962 | $27,555,490 | +19.1% |
| Taxable Value | $45,181,757 | $40,000,000 | +13.0% |
| Total Tax 2026 = estimate |
~$1,006,733
Estimated
|
~$823,314
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $45,181,757 | $12,372,795 | $32,808,962 | — | $45,181,757 | $45,181,757 | Not yet — post-cert | Preliminary |
| 2025 | $40,000,000 | $12,444,510 | $27,555,490 | — | $40,000,000 | $40,000,000 | ~$823,314 | Partial |
| 2024 | $58,865,552 | $9,955,608 | $48,909,944 | — | $58,865,552 | $58,865,552 | $837,298 | Verified |
| 2023 | $43,609,275 | $9,955,608 | $33,653,667 | — | $43,609,275 | $43,609,275 | $813,415 | Verified |
| 2022 | $36,300,000 | $7,964,486 | $28,335,514 | — | $36,300,000 | $36,300,000 | $814,181 | Verified |
| 2021 | $32,000,000 | $7,964,486 | $24,035,514 | — | $32,000,000 | $32,000,000 | $800,953 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.0% | +13.0% | ~100% | Not available | Partial |
| 2025 | -32.0% | -32.0% | ~100% | Not available | Partial |
| 2024 | +35.0% | +35.0% | ~100% | No billing data | Verified |
| 2023 | +20.1% | +20.1% | ~100% | No billing data | Verified |
| 2022 | +13.4% | +13.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.0% | +9.9% | +7.1% | +35.0% | 2024 | -32.0% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0600% | 2.0600% | — | 2.0600% | 2025 | 2.0600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$823,314 | $817,832 | ~$1,123,777 | $837,298 | 2024 | $800,953 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$48,408,959 | ~$48,408,959 | ~2.1595% | ~$1,045,385 | +7.1% |
| 2028 | ~$51,866,671 | ~$51,866,671 | ~2.0908% | ~$1,084,422 | +14.8% |
| 2029 | ~$55,571,356 | ~$55,571,356 | ~2.0221% | ~$1,123,703 | +23.0% |
| 2030 | ~$59,540,657 | ~$59,540,657 | ~1.9534% | ~$1,163,062 | +31.8% |
| 2031 | ~$63,793,474 | ~$63,793,474 | ~1.8847% | ~$1,202,311 | +41.2% |
| 2027 | ~$47,505,324 | ~$47,505,324 | ~2.2282% | ~$1,058,507 | +5.1% |
| 2028 | ~$49,948,385 | ~$49,948,385 | ~2.2282% | ~$1,112,942 | +10.5% |
| 2029 | ~$52,517,086 | ~$52,517,086 | ~2.2282% | ~$1,170,178 | +16.2% |
| 2030 | ~$55,217,887 | ~$55,217,887 | ~2.2282% | ~$1,230,357 | +22.2% |
| 2031 | ~$58,057,583 | ~$58,057,583 | ~2.2282% | ~$1,293,630 | +28.5% |
| 2027 | ~$49,312,594 | ~$49,312,594 | ~2.1251% | ~$1,047,960 | +9.1% |
| 2028 | ~$53,821,102 | ~$53,821,102 | ~2.0221% | ~$1,088,311 | +19.1% |
| 2029 | ~$58,741,809 | ~$58,741,809 | ~1.9190% | ~$1,127,280 | +30.0% |
| 2030 | ~$64,112,402 | ~$64,112,402 | ~1.8160% | ~$1,164,277 | +41.9% |
| 2031 | ~$69,974,013 | ~$69,974,013 | ~1.7129% | ~$1,198,617 | +54.9% |
In 2025, this property's market value of $40,000,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 29× 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 | $40,000,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $58,865,552 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $43,609,275 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $36,300,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $32,000,000 | $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 | — |