2021 WOODWARD ST TX 78741
| Owner | GF-AUSTIN #5 LTD |
|---|---|
| Parcel ID | 0312020402 |
| Short ID | 291455 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 132,763 SF |
| Land SF | 266,587 SF |
| Acres | 6.120 |
| Year Built | 1979 |
| Legal | LOT 1 I R S SERVICE CENTER SUBD |
| Neighborhood | 60SEA |
| Land | $26,658,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $26,658,720 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $18,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,000,000 |
| Taxable Value | $18,000,000 |
|---|
Appreciation: Market value has risen +10.1% from $16,349,043 (2021) to $18,000,000 (2025), a CAGR of 2.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $368,367. 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 148% of market value ($26,658,720 land vs $0 improvements), about $100/SF of land. With value concentrated in the land under a ~47-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $18,000,000, 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 +11.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $47,488,885 by 2031, with an estimated annual tax burden around $845,332. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 132,763 SF | ✓ |
| 551 | PAVED AREA | 90,000 SF | ✗ |
| 093 | HVAC COMMRCL SF | 44,450 SF | ✗ |
| 407 | LOADING DOCK | 9,624 SF | ✓ |
| 501 | CANOPY | 9,624 SF | ✗ |
| 881 | COMMCL FINISHOUT | 6,984 SF | ✓ |
| 541 | FENCE COMM LF | 1,500 SF | ✗ |
| 611 | TERRACE | 360 SF | ✗ |
| 327 | STORAGE COMM'L | 144 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $166,536.00 | $166,536.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $94,323.06 | $94,323.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $67,652.10 | $67,652.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,244.14 | $21,244.14 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,612.00 | $18,612.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $368,367.30 | $368,367.30 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $166,536.00 | 45.2% |
| CAT City of Austin | 0.5240% | $94,323.06 | 25.6% |
| TCO Travis County | 0.3758% | $67,652.10 | 18.4% |
| THD Travis Central Health | 0.1180% | $21,244.14 | 5.8% |
| ACT Austin Community College | 0.1034% | $18,612.00 | 5.1% |
| Total | 2.0465% | $368,367.30 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $27,863,916 | $18,000,000 | +54.8% |
| Assessed Value | $27,863,916 | $18,000,000 | +54.8% |
| Land Value | $26,658,720 | $26,658,720 | +0.0% |
| Improvement Value | $1,205,196 | — | — |
| Taxable Value | $27,863,916 | $18,000,000 | +54.8% |
| Total Tax 2026 = estimate |
~$570,231
Estimated
|
~$368,367
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $27,863,916 | $26,658,720 | $1,205,196 | — | $27,863,916 | $27,863,916 | Not yet — post-cert | Preliminary |
| 2025 | $18,000,000 | $26,658,720 | — | — | $18,000,000 | $18,000,000 | ~$368,367 | Partial |
| 2024 | $16,134,123 | $26,658,720 | — | — | $16,134,123 | $16,134,123 | $319,748 | Verified |
| 2023 | $18,500,000 | $3,998,808 | $14,501,192 | — | $18,500,000 | $18,500,000 | $279,115 | Verified |
| 2022 | $19,277,993 | $3,998,808 | $15,279,185 | — | $19,277,993 | $19,277,993 | $380,726 | Verified |
| 2021 | $16,349,043 | $3,998,808 | $12,350,235 | — | $16,349,043 | $16,349,043 | $355,866 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +54.8% | +54.8% | ~100% | Not available | Partial |
| 2025 | +11.6% | +11.6% | ~100% | Not available | Partial |
| 2024 | -12.8% | -12.8% | ~100% | No billing data | Verified |
| 2023 | -4.0% | -4.0% | ~100% | No billing data | Verified |
| 2022 | +17.9% | +17.9% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +54.8% | +13.5% | +11.3% | +54.8% | 2026 | -12.8% | 2024 |
| 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 |
$368,367 | $340,764 | ~$727,034 | $380,726 | 2022 | $279,115 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$30,999,316 | ~$30,650,308 | ~2.0139% | ~$617,278 | +11.3% |
| 2028 | ~$34,487,529 | ~$33,715,338 | ~1.9814% | ~$668,032 | +23.8% |
| 2029 | ~$38,368,254 | ~$37,086,872 | ~1.9488% | ~$722,764 | +37.7% |
| 2030 | ~$42,685,660 | ~$40,795,559 | ~1.9163% | ~$781,762 | +53.2% |
| 2031 | ~$47,488,885 | ~$44,875,115 | ~1.8837% | ~$845,332 | +70.4% |
| 2027 | ~$30,442,038 | ~$30,442,038 | ~2.0465% | ~$622,992 | +9.3% |
| 2028 | ~$33,258,702 | ~$33,258,702 | ~2.0465% | ~$680,634 | +19.4% |
| 2029 | ~$36,335,979 | ~$36,335,979 | ~2.0465% | ~$743,610 | +30.4% |
| 2030 | ~$39,697,983 | ~$39,697,983 | ~2.0465% | ~$812,413 | +42.5% |
| 2031 | ~$43,371,057 | ~$43,371,057 | ~2.0465% | ~$887,582 | +55.7% |
| 2027 | ~$31,556,595 | ~$30,650,308 | ~1.9977% | ~$612,290 | +13.3% |
| 2028 | ~$35,738,647 | ~$33,715,338 | ~1.9488% | ~$657,058 | +28.3% |
| 2029 | ~$40,474,928 | ~$37,086,872 | ~1.9000% | ~$704,657 | +45.3% |
| 2030 | ~$45,838,887 | ~$40,795,559 | ~1.8512% | ~$755,205 | +64.5% |
| 2031 | ~$51,913,707 | ~$44,875,115 | ~1.8024% | ~$808,816 | +86.3% |
In 2025, this property's market value of $18,000,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 13× 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 | $18,000,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $16,134,123 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $18,500,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $19,277,993 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $16,349,043 | $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 | — |