3503 WILD CHERRY DR 5 TX 78738
| Owner | IDLE HOURS INC |
|---|---|
| Parcel ID | 0127730516 |
| Short ID | 940365 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 2,187 SF |
| Land SF | 13,675 SF |
| Acres | 0.314 |
| Year Built | 2020 |
| Legal | UNT MASTER 5 CHERRY PEAK OFFICE PARK CONDOMINIUM AMD PLUS 6.0934 % INT IN COM AREA |
| Neighborhood | 23SW06 |
| Land | $273,504 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $273,504 |
| Improvement | $725,308 |
|---|---|
| Total Improvement | $725,308 |
| Market | $998,812 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $998,812 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $998,812 |
| Taxable Value | $998,812 |
|---|
Appreciation: Market value has risen +27.6% from $782,966 (2022) to $998,812 (2025), a CAGR of 8.5% over 3 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 +16.6%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.8496% in 2025 (+0.0309% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $18,474. Lake Travis ISD is the largest single contributor, at 56.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 27% of market value ($273,504 land vs $725,308 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $998,812, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +8.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,498,713 by 2030, with an estimated annual tax burden around $24,705. 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 | 2,187 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $10,384.65 | $10,384.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,753.98 | $3,753.98 | Paid |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $1,694.38 | $1,694.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,178.83 | $1,178.83 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $902.92 | $902.92 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $559.33 | $559.33 | Paid |
| Combined Rate | 2.0106% | 1.8990% | 1.7598% | 1.8187% | 1.8496% | +0.0309% | $18,474.09 | $18,474.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $979,633 | $998,812 | -1.9% |
| Assessed Value | $979,633 | $998,812 | -1.9% |
| Land Value | $273,504 | $273,504 | +0.0% |
| Improvement Value | $706,129 | $725,308 | -2.6% |
| Taxable Value | $979,633 | $998,812 | -1.9% |
| Total Tax 2026 = estimate |
~$18,119
Estimated
|
~$18,474
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $979,633 | $979,633 | +0 (+0.0%) |
| Taxable Value | $979,633 | $979,633 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $979,633 | $273,504 | $706,129 | — | $979,633 | $979,633 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $998,812 | $273,504 | $725,308 | — | $998,812 | $998,812 | ~$18,474 | Partial |
| 2024 | $1,000,503 | — | — | −$726,999 | $273,504 | $— | $17,249 | Verified |
| 2023 | $782,200 | — | — | −$508,696 | $273,504 | $— | $17,607 | Verified |
| 2022 | $782,966 | — | — | −$551,828 | $231,138 | $— | $14,854 | Verified |
| 2021 | $— | — | — | — | $231,138 | $— | $15,742 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2025 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2024 | -5.2% | -5.2% | ~100% | 1.8200% | Verified |
| 2023 | +27.9% | +27.9% | ~100% | 1.7600% | Verified |
| 2022 | -0.1% | -0.1% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.9% | +6.4% | +8.9% | +27.9% | 2024 | -1.9% | 2026 |
| Assessment Ratio | 100.0% | 58.4% | — | 100.0% | 2025 | 27.3% | 2024 |
| Effective Tax Rate (2025) | 1.8500% | 1.8500% | — | 1.8500% | 2025 | 1.8500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,474 | $17,046 | ~$22,091 | $18,474 | 2025 | $14,854 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,083,255 | ~$1,083,255 | ~1.8094% | ~$19,600 | +8.5% |
| 2027 | ~$1,174,837 | ~$1,174,837 | ~1.7691% | ~$20,784 | +17.6% |
| 2028 | ~$1,274,162 | ~$1,274,162 | ~1.7289% | ~$22,029 | +27.6% |
| 2029 | ~$1,381,884 | ~$1,381,884 | ~1.6886% | ~$23,335 | +38.4% |
| 2030 | ~$1,498,713 | ~$1,498,713 | ~1.6484% | ~$24,705 | +50.0% |
| 2026 | ~$1,063,279 | ~$1,063,279 | ~1.8496% | ~$19,666 | +6.5% |
| 2027 | ~$1,131,906 | ~$1,131,906 | ~1.8496% | ~$20,936 | +13.3% |
| 2028 | ~$1,204,964 | ~$1,204,964 | ~1.8496% | ~$22,287 | +20.6% |
| 2029 | ~$1,282,736 | ~$1,282,736 | ~1.8496% | ~$23,726 | +28.4% |
| 2030 | ~$1,365,528 | ~$1,365,528 | ~1.8496% | ~$25,257 | +36.7% |
| 2026 | ~$1,103,231 | ~$1,098,693 | ~1.7892% | ~$19,658 | +10.5% |
| 2027 | ~$1,218,567 | ~$1,208,563 | ~1.7289% | ~$20,895 | +22.0% |
| 2028 | ~$1,345,960 | ~$1,329,419 | ~1.6685% | ~$22,182 | +34.8% |
| 2029 | ~$1,486,671 | ~$1,462,361 | ~1.6081% | ~$23,517 | +48.8% |
| 2030 | ~$1,642,093 | ~$1,608,597 | ~1.5478% | ~$24,898 | +64.4% |
In 2025, this property's market value of $998,812 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -30% below the county median of $1,417,484. 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 | $998,812 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,000,503 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $782,200 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $782,966 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.