F M RD 2244 TX 78746
| Owner | RR GRACE LANE LP |
|---|---|
| Parcel ID | 0123340406 |
| Short ID | 850712 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 75,000 SF |
| Land SF | 374,093 SF |
| Acres | 8.588 |
| Year Built | 2023 |
| Legal | LOT 1-2 SEVEN OAKS SEC 3 PHS 2 |
| Neighborhood | 1SW2 |
| Land | $2,992,746 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,992,746 |
| Improvement | $21,153,976 |
|---|---|
| Total Improvement | $21,153,976 |
| Market | $24,146,722 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,146,722 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $24,146,722 |
| Taxable Value | $24,146,722 |
|---|
Appreciation: Market value has risen +3706.4% from $634,373 (2021) to $24,146,722 (2025), a CAGR of 148.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 4 taxing entities is 1.4019% in 2025 (-0.0070% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $338,505. Eanes ISD is the largest single contributor, at 59.4% of the total 2025 levy.
Asset Class: Land / Vacant. 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 12% of market value ($2,992,746 land vs $21,153,976 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $24,146,722, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, 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 +148.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,282,969,171 by 2030, with an estimated annual tax burden around $26,045,351. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 70,143 SF | ✓ |
| 1ST | 1st Floor | 25,000 SF | ✓ |
| 2ND | 2nd Floor | 25,000 SF | ✓ |
| 3RD | 3rd Floor | 25,000 SF | ✓ |
| 450 | SPORT COURT | 19,700 SF | ✗ |
Market value changed by 542% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $200,949.02 | $200,949.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $90,754.25 | $90,754.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $28,498.69 | $28,498.69 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $18,303.22 | $18,303.22 | Paid |
| Combined Rate | 1.6107% | 1.4941% | 1.3668% | 1.4089% | 1.4019% | -0.0070% | $338,505.18 | $338,505.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $25,994,192 | $24,146,722 | +7.7% |
| Assessed Value | $25,994,192 | $24,146,722 | +7.7% |
| Land Value | $2,992,746 | $2,992,746 | +0.0% |
| Improvement Value | $23,001,446 | $21,153,976 | +8.7% |
| Taxable Value | $25,994,192 | $24,146,722 | +7.7% |
| Total Tax 2026 = estimate |
~$364,404
Estimated
|
~$338,505
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $25,994,192 | $25,994,192 | +0 (+0.0%) |
| Taxable Value | $25,994,192 | $25,994,192 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $25,994,192 | $2,992,746 | $23,001,446 | — | $25,994,192 | $25,994,192 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $24,146,722 | $2,992,746 | $21,153,976 | — | $24,146,722 | $24,146,722 | ~$338,505 | Partial |
| 2024 | $— | — | — | — | $2,992,746 | $— | $270,766 | Verified |
| 2023 | $— | — | — | — | $2,992,746 | $— | $40,906 | Verified |
| 2022 | $— | — | — | — | $2,094,915 | $— | $31,301 | Verified |
| 2021 | $634,373 | — | — | — | $2,063,726 ! | $— | $28,922 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2025 | +25.6% | +25.6% | ~100% | Not available | Partial |
| 2024 | +542.2% ! | +542.2% | ~100% | 1.4100% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.3700% | Verified |
| 2022 | +45.0% | +45.0% | ~100% | 1.0500% | Verified |
| 2021 | base year | — | ~100% | 4.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1070.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.7% | +1857.0% | +144.9% | +3706.4% | 2025 | +7.7% | 2026 |
| Assessment Ratio | 100.0% | 175.1% | — | 325.3% | 2021 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$338,505 | $183,714 | ~$8,872,252 | $338,505 | 2025 | $28,922 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$59,977,251 | ~$59,977,251 | ~1.3497% | ~$809,492 | +148.4% |
| 2027 | ~$148,975,526 | ~$148,975,526 | ~1.2975% | ~$1,932,902 | +517.0% |
| 2028 | ~$370,035,423 | ~$370,035,423 | ~1.2453% | ~$4,607,902 | +1432.4% |
| 2029 | ~$919,118,852 | ~$919,118,852 | ~1.1931% | ~$10,965,612 | +3706.4% |
| 2030 | ~$2,282,969,171 | ~$2,282,969,171 | ~1.1409% | ~$26,045,351 | +9354.6% |
| 2026 | ~$59,494,316 | ~$59,494,316 | ~1.4019% | ~$834,032 | +146.4% |
| 2027 | ~$146,586,095 | ~$146,586,095 | ~1.4019% | ~$2,054,944 | +507.1% |
| 2028 | ~$361,168,671 | ~$361,168,671 | ~1.4019% | ~$5,063,108 | +1395.7% |
| 2029 | ~$889,871,644 | ~$889,871,644 | ~1.4019% | ~$12,474,826 | +3585.3% |
| 2030 | ~$2,192,525,557 | ~$2,192,525,557 | ~1.4019% | ~$30,736,314 | +8980.0% |
| 2026 | ~$60,460,185 | ~$60,460,185 | ~1.3236% | ~$800,229 | +150.4% |
| 2027 | ~$151,384,275 | ~$151,384,275 | ~1.2453% | ~$1,885,127 | +526.9% |
| 2028 | ~$379,046,121 | ~$379,046,121 | ~1.1670% | ~$4,423,300 | +1469.8% |
| 2029 | ~$949,081,150 | ~$949,081,150 | ~1.0887% | ~$10,332,186 | +3830.5% |
| 2030 | ~$2,376,373,164 | ~$2,376,373,164 | ~1.0103% | ~$24,009,624 | +9741.4% |
In 2025, this property's market value of $24,146,722 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 284× the county median of $85,028. 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 | $24,146,722 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $634,373 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |
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.