2120 GRAND AVENUE PKWY TX 78728
| Owner | BRE JUPITER AUSTIN DC III LLC |
|---|---|
| Parcel ID | 0278230101 |
| Short ID | 279390 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 171,615 SF |
| Land SF | 578,564 SF |
| Acres | 13.282 |
| Year Built | 2007 |
| Legal | LOT 1 BLK A VISTA POINT |
| Neighborhood | 60FNOR |
| Land | $1,735,691 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,735,691 |
| Improvement | $27,764,309 |
|---|---|
| Total Improvement | $27,764,309 |
| Market | $29,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $29,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $29,500,000 |
| Taxable Value | $29,500,000 |
|---|
Appreciation: Market value has risen +31.0% from $22,511,183 (2021) to $29,500,000 (2025), a CAGR of 7.0% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.6136% in 2025 (+0.0359% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $476,022. Round Rock ISD is the largest single contributor, at 55.3% 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 6% of market value ($1,735,691 land vs $27,764,309 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $29,500,000, 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 +5.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $38,658,564 by 2031, with an estimated annual tax burden around $513,173. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 255,000 SF | ✗ |
| 1ST | 1st Floor | 171,615 SF | ✓ |
| 491 | SPRINKLER HEADS | 171,415 SF | ✗ |
| 881 | COMMCL FINISHOUT | 18,173 SF | ✓ |
| 093 | HVAC COMMRCL SF | 18,173 SF | ✗ |
| 408 | LOADING RAMP | 600 SF | ✓ |
| 501 | CANOPY | 464 SF | ✗ |
| 611 | TERRACE | 464 SF | ✗ |
| 413 | STAIRWAY EXT | 12 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $240,243.90 | $240,243.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $101,102.31 | $101,102.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $31,748.19 | $31,748.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $27,814.60 | $27,814.60 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $24,953.79 | $24,953.79 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $8,204.50 | $8,204.50 | Paid |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $434,067.29 | $434,067.29 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IRR Round Rock ISD | 0.8931% | $240,243.90 | 55.3% |
| TCO Travis County | 0.3758% | $101,102.31 | 23.3% |
| THD Travis Central Health | 0.1180% | $31,748.19 | 7.3% |
| ACT Austin Community College | 0.1034% | $27,814.60 | 6.4% |
| E02 Travis County ESD # 02 | 0.0928% | $24,953.79 | 5.7% |
| E17 Travis County ESD #17 | 0.0305% | $8,204.50 | 1.9% |
| Total | 1.6136% | $434,067.29 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $29,500,000 | $29,500,000 | +0.0% |
| Assessed Value | $29,500,000 | $29,500,000 | +0.0% |
| Land Value | $1,735,691 | $1,735,691 | +0.0% |
| Improvement Value | $27,764,309 | $27,764,309 | +0.0% |
| Taxable Value | $29,500,000 | $29,500,000 | +0.0% |
| Total Tax 2026 = estimate |
~$476,022
Estimated
|
~$434,067
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $29,500,000 | $1,735,691 | $27,764,309 | — | $29,500,000 | $29,500,000 | Not yet — post-cert | Preliminary |
| 2025 | $29,500,000 | $1,735,691 | $27,764,309 | — | $29,500,000 | $29,500,000 | ~$434,067 | Partial |
| 2024 | $28,500,000 | $1,735,691 | $26,764,309 | — | $28,500,000 | $28,500,000 | $401,295 | Verified |
| 2023 | $24,496,663 | $1,735,691 | $22,760,972 | — | $24,496,663 | $24,496,663 | $344,807 | Verified |
| 2022 | $26,885,000 | $3,471,382 | $23,413,618 | — | $26,885,000 | $26,885,000 | $396,545 | Verified |
| 2021 | $22,511,183 | $1,735,691 | $20,775,492 | — | $22,511,183 | $22,511,183 | $383,044 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +3.5% | +3.5% | ~100% | Not available | Partial |
| 2024 | +16.3% | +16.3% | ~100% | No billing data | Verified |
| 2023 | -8.9% | -8.9% | ~100% | No billing data | Verified |
| 2022 | +19.4% | +19.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6.1% | +5.6% | +19.4% | 2022 | -8.9% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.4700% | 1.4700% | — | 1.4700% | 2025 | 1.4700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$434,067 | $391,952 | ~$499,599 | $434,067 | 2025 | $344,807 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$31,139,150 | ~$31,139,150 | ~1.5564% | ~$484,649 | +5.6% |
| 2028 | ~$32,869,379 | ~$32,869,379 | ~1.4992% | ~$492,765 | +11.4% |
| 2029 | ~$34,695,746 | ~$34,695,746 | ~1.4419% | ~$500,286 | +17.6% |
| 2030 | ~$36,623,595 | ~$36,623,595 | ~1.3847% | ~$507,122 | +24.1% |
| 2031 | ~$38,658,564 | ~$38,658,564 | ~1.3275% | ~$513,173 | +31.0% |
| 2027 | ~$30,549,150 | ~$30,549,150 | ~1.6136% | ~$492,951 | +3.6% |
| 2028 | ~$31,635,613 | ~$31,635,613 | ~1.6136% | ~$510,483 | +7.2% |
| 2029 | ~$32,760,715 | ~$32,760,715 | ~1.6136% | ~$528,638 | +11.1% |
| 2030 | ~$33,925,830 | ~$33,925,830 | ~1.6136% | ~$547,438 | +15.0% |
| 2031 | ~$35,132,382 | ~$35,132,382 | ~1.6136% | ~$566,908 | +19.1% |
| 2027 | ~$31,729,150 | ~$31,729,150 | ~1.5278% | ~$484,751 | +7.6% |
| 2028 | ~$34,126,745 | ~$34,126,745 | ~1.4419% | ~$492,082 | +15.7% |
| 2029 | ~$36,705,512 | ~$36,705,512 | ~1.3561% | ~$497,752 | +24.4% |
| 2030 | ~$39,479,142 | ~$39,479,142 | ~1.2702% | ~$501,470 | +33.8% |
| 2031 | ~$42,462,361 | ~$42,462,361 | ~1.1844% | ~$502,907 | +43.9% |
In 2025, this property's market value of $29,500,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 21× 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 | $29,500,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $28,500,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $24,496,663 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $26,885,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $22,511,183 | $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 | — |