OLIVARIS BLVD 78617
| Owner | GEP XI INTERPORT LP |
|---|---|
| Parcel ID | 0318380405 |
| Short ID | 968105 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 354,664 SF |
| Land SF | 731,721 SF |
| Acres | 16.798 |
| Year Built | 2024 |
| Legal | INTERPORT SEC 2A BLK A LOT 1 |
| Neighborhood | SE3 |
| Land | $1,463,442 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,463,442 |
| Improvement | $78,236,558 |
|---|---|
| Total Improvement | $78,236,558 |
| Market | $79,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $79,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $79,700,000 |
| Taxable Value | $79,700,000 |
|---|
Appreciation: Market value has risen +5346.1% from $1,463,442 (2023) to $79,700,000 (2025), a CAGR of 638.0% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide fell -15.8%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,649,937. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Asset Class: Multi-family residential. 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 2% of market value ($1,463,442 land vs $78,236,558 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $79,700,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +300.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $95,895,871,978 by 2031, with an estimated annual tax burden around $2,657,224. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 354,664 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $718,459.64 | $718,459.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $396,759.47 | $396,759.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $284,571.04 | $284,571.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,361.11 | $89,361.11 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,289.31 | $78,289.31 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $1,567,440.57 | $1,567,440.57 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $718,459.64 | 45.8% |
| CAT City of Austin | 0.5240% | $396,759.47 | 25.3% |
| TCO Travis County | 0.3758% | $284,571.04 | 18.2% |
| THD Travis Central Health | 0.1180% | $89,361.11 | 5.7% |
| ACT Austin Community College | 0.1034% | $78,289.31 | 5.0% |
| Total | 2.0702% | $1,567,440.57 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $93,655,797 | $79,700,000 | +17.5% |
| Assessed Value | $93,655,797 | $79,700,000 | +17.5% |
| Land Value | $1,463,442 | $1,463,442 | +0.0% |
| Improvement Value | $92,192,355 | $78,236,558 | +17.8% |
| Taxable Value | $93,655,797 | $79,700,000 | +17.5% |
| Total Tax 2026 = estimate |
~$1,938,848
Estimated
|
~$1,567,441
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $93,655,797 | $1,463,442 | $92,192,355 | — | $93,655,797 | $93,655,797 | Not yet — post-cert | Preliminary |
| 2025 | $79,700,000 | $1,463,442 | $78,236,558 | — | $79,700,000 | $79,700,000 | ~$1,567,441 | Partial |
| 2024 | $25,176,454 | $1,463,442 | $23,713,012 | — | $25,176,454 | $25,176,454 | $510,632 | Verified |
| 2023 | $1,463,442 | $1,463,442 | — | — | $1,463,442 | $1,463,442 | $28,574 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.5% | +17.5% | ~100% | Not available | Partial |
| 2025 | +216.6% ! | +216.6% | ~100% | Not available | Partial |
| 2024 | +1620.4% ! | +1620.4% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5346.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +17.5% | +618.2% | +300.0% | +1620.4% | 2024 | +17.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| 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 |
$1,567,441 | $702,216 | ~$2,356,540 | $1,567,441 | 2025 | $28,574 | 2023 |
Market value changed by 1620% 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 | ~$374,617,200 | ~$103,021,377 | ~2.0085% | ~$2,069,170 | +300.0% |
| 2028 | ~$1,498,444,850 | ~$113,323,514 | ~1.9468% | ~$2,206,169 | +1499.9% |
| 2029 | ~$5,993,683,598 | ~$124,655,866 | ~1.8851% | ~$2,349,875 | +6299.7% |
| 2030 | ~$23,974,351,190 | ~$137,121,452 | ~1.8234% | ~$2,500,260 | +25498.4% |
| 2031 | ~$95,895,871,978 | ~$150,833,598 | ~1.7617% | ~$2,657,224 | +102291.8% |
| 2027 | ~$372,744,084 | ~$103,021,377 | ~2.0702% | ~$2,132,733 | +298.0% |
| 2028 | ~$1,483,497,624 | ~$113,323,514 | ~2.0702% | ~$2,346,006 | +1484.0% |
| 2029 | ~$5,904,225,698 | ~$124,655,866 | ~2.0702% | ~$2,580,607 | +6204.2% |
| 2030 | ~$23,498,440,797 | ~$137,121,452 | ~2.0702% | ~$2,838,668 | +24990.2% |
| 2031 | ~$93,522,292,017 | ~$150,833,598 | ~2.0702% | ~$3,122,535 | +99757.5% |
| 2027 | ~$376,490,316 | ~$103,021,377 | ~1.9776% | ~$2,037,389 | +302.0% |
| 2028 | ~$1,513,467,000 | ~$113,323,514 | ~1.8851% | ~$2,136,250 | +1516.0% |
| 2029 | ~$6,084,040,579 | ~$124,655,866 | ~1.7925% | ~$2,234,508 | +6396.2% |
| 2030 | ~$24,457,454,148 | ~$137,121,452 | ~1.7000% | ~$2,331,056 | +26014.2% |
| 2031 | ~$98,317,402,007 | ~$150,833,598 | ~1.6074% | ~$2,424,569 | +104877.4% |
In 2025, this property's market value of $79,700,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 154× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $79,700,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $25,176,454 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,463,442 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 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 | 2023–2024 | 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 | 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 | — |