16235 N INTERSTATE HY 35 TX 78660
| Owner | ORION IV NORTHGATE 35 LP |
|---|---|
| Parcel ID | 0280260105 |
| Short ID | 529197 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 145,454 SF |
| Land SF | 443,864 SF |
| Acres | 10.190 |
| Year Built | 2023 |
| Legal | LOT 1 BLK A GREENLAWN 35 BUSINESS CENTER PHS II |
| Neighborhood | 1NE3 |
| Land | $6,657,974 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,657,974 |
| Improvement | $16,168,909 |
|---|---|
| Total Improvement | $16,168,909 |
| Market | $22,826,883 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $22,826,883 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $22,826,883 |
| Taxable Value | $22,826,883 |
|---|
Appreciation: Market value has risen +1177.4% from $1,787,010 (2021) to $22,826,883 (2025), a CAGR of 89.1% 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 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 6 taxing entities is 1.6136% in 2025 (+0.0359% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $368,342. Round Rock ISD is the largest single contributor, at 55.3% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 29% of market value ($6,657,974 land vs $16,168,909 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $22,826,883, 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 +70.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $370,129,543 by 2031, with an estimated annual tax burden around $4,913,286. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 298,000 SF | ✗ |
| 1ST | 1st Floor | 145,454 SF | ✓ |
| 491 | SPRINKLER HEADS | 145,454 SF | ✗ |
| 881 | COMMCL FINISHOUT | 3,303 SF | ✓ |
| 408 | LOADING RAMP | 2,000 SF | ✓ |
| 413 | STAIRWAY EXT | 8 SF | ✓ |
| 482 | LIGHT POLES | 8 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% | $203,866.89 | $203,866.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $85,793.70 | $85,793.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $26,940.97 | $26,940.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,603.00 | $23,603.00 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $21,175.36 | $21,175.36 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $6,962.20 | $6,962.20 | Paid |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $368,342.12 | $368,342.12 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IRR Round Rock ISD | 0.8931% | $203,866.89 | 55.3% |
| TCO Travis County | 0.3758% | $85,793.70 | 23.3% |
| THD Travis Central Health | 0.1180% | $26,940.97 | 7.3% |
| ACT Austin Community College | 0.1034% | $23,603.00 | 6.4% |
| E02 Travis County ESD # 02 | 0.0928% | $21,175.36 | 5.7% |
| E17 Travis County ESD #17 | 0.0305% | $6,962.20 | 1.9% |
| Total | 1.6136% | $368,342.12 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $25,718,188 | $22,826,883 | +12.7% |
| Assessed Value | $25,718,188 | $22,826,883 | +12.7% |
| Land Value | $6,657,974 | $6,657,974 | +0.0% |
| Improvement Value | $19,060,214 | $16,168,909 | +17.9% |
| Taxable Value | $25,718,188 | $22,826,883 | +12.7% |
| Total Tax 2026 = estimate |
~$414,997
Estimated
|
~$368,342
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $25,718,188 | $6,657,974 | $19,060,214 | — | $25,718,188 | $25,718,188 | Not yet — post-cert | Preliminary |
| 2025 | $22,826,883 | $6,657,974 | $16,168,909 | — | $22,826,883 | $22,826,883 | ~$368,342 | Partial |
| 2024 | $12,968,122 | $6,657,974 | $6,310,148 | — | $12,968,122 | $12,968,122 | $204,600 | Verified |
| 2023 | $1,710,013 | $1,710,013 | — | — | $1,710,013 | $1,710,013 | $26,048 | Verified |
| 2022 | $1,787,010 | $1,787,010 | — | — | $1,787,010 | $1,787,010 | $29,371 | Verified |
| 2021 | $1,787,010 | $1,787,010 | — | — | $1,787,010 | $1,787,010 | $32,927 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.7% | +12.7% | ~100% | Not available | Partial |
| 2025 | +76.0% ! | +76.0% | ~100% | Not available | Partial |
| 2024 | +658.4% ! | +658.4% | ~100% | No billing data | Verified |
| 2023 | -4.3% | -4.3% | ~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): +1177.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.7% | +148.6% | +70.5% | +658.4% | 2024 | -4.3% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.6100% | 1.6100% | — | 1.6100% | 2025 | 1.6100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$368,342 | $132,257 | ~$2,311,859 | $368,342 | 2025 | $26,048 | 2023 |
Market value changed by 658% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$43,839,243 | ~$43,839,243 | ~1.5564% | ~$682,312 | +70.5% |
| 2028 | ~$74,728,406 | ~$74,728,406 | ~1.4992% | ~$1,120,298 | +190.6% |
| 2029 | ~$127,382,098 | ~$127,382,098 | ~1.4419% | ~$1,836,752 | +395.3% |
| 2030 | ~$217,135,620 | ~$217,135,620 | ~1.3847% | ~$3,006,649 | +744.3% |
| 2031 | ~$370,129,543 | ~$370,129,543 | ~1.3275% | ~$4,913,286 | +1339.2% |
| 2027 | ~$43,324,879 | ~$43,324,879 | ~1.6136% | ~$699,105 | +68.5% |
| 2028 | ~$72,985,124 | ~$72,985,124 | ~1.6136% | ~$1,177,712 | +183.8% |
| 2029 | ~$122,950,795 | ~$122,950,795 | ~1.6136% | ~$1,983,975 | +378.1% |
| 2030 | ~$207,123,002 | ~$207,123,002 | ~1.6136% | ~$3,342,205 | +705.4% |
| 2031 | ~$348,919,566 | ~$348,919,566 | ~1.6136% | ~$5,630,281 | +1256.7% |
| 2027 | ~$44,353,606 | ~$44,353,606 | ~1.5278% | ~$677,625 | +72.5% |
| 2028 | ~$76,492,263 | ~$76,492,263 | ~1.4419% | ~$1,102,960 | +197.4% |
| 2029 | ~$131,918,615 | ~$131,918,615 | ~1.3561% | ~$1,788,907 | +412.9% |
| 2030 | ~$227,506,943 | ~$227,506,943 | ~1.2702% | ~$2,889,825 | +784.6% |
| 2031 | ~$392,358,646 | ~$392,358,646 | ~1.1844% | ~$4,646,936 | +1425.6% |
In 2025, this property's market value of $22,826,883 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 270× 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 | $22,826,883 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $12,968,122 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $1,710,013 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $1,787,010 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $1,787,010 | $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 | — |