10616 RESEARCH BLVD TX 78759
| Owner | 24 HR-TX (TX) L P |
|---|---|
| Parcel ID | 0154010212 |
| Short ID | 154605 |
| Type | Real |
| Use Code | 94 Health Club |
| Valuation | Income |
| Improvement SF | 43,484 SF |
| Land SF | 252,038 SF |
| Acres | 5.786 |
| Year Built | 1991 |
| Legal | LOT 1 RESUB OF LOT 5 NORTH HILLS CENTER |
| Neighborhood | 94FNW |
| Land | $10,081,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,081,520 |
| Improvement | $1,028,237 |
|---|---|
| Total Improvement | $1,028,237 |
| Market | $11,109,757 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,109,757 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,109,757 |
| Taxable Value | $11,109,757 |
|---|
Appreciation: Market value has risen +69.5% from $6,556,300 (2021) to $11,109,757 (2025), a CAGR of 14.1% over 4 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 Commercial parcel countywide rose +24.1%, so this parcel has outpaced 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 $227,360. 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 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 91% of market value ($10,081,520 land vs $1,028,237 improvements), about $40/SF of land. With value concentrated in the land under a ~35-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 $11,109,757, this parcel sits in the top quartile (≥75th 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 +14.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $21,478,885 by 2030, with an estimated annual tax burden around $337,046. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 95,220 SF | ✗ |
| 491 | SPRINKLER HEADS | 43,484 SF | ✗ |
| 1ST | 1st Floor | 22,360 SF | ✓ |
| 2ND | 2nd Floor | 21,124 SF | ✓ |
| 601 | POOL COMM'L | 2,378 SF | ✗ |
| 501 | CANOPY | 45 SF | ✗ |
| 482 | LIGHT POLES | 19 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
| 449 | SPA | 1 SF | ✗ |
Market value changed by 76% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $87,894.00 | $87,894.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $49,781.62 | $49,781.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $35,705.28 | $35,705.28 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,212.19 | $11,212.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9,823.00 | $9,823.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $194,416.09 | $194,416.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,500,000 | $11,109,757 | -14.5% |
| Assessed Value | $9,500,000 | $11,109,757 | -14.5% |
| Land Value | $10,081,520 | $10,081,520 | +0.0% |
| Improvement Value | — | $1,028,237 | — |
| Taxable Value | $9,500,000 | $11,109,757 | -14.5% |
| Total Tax 2026 = estimate |
~$194,416
Estimated
|
~$194,416
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $15,569,197 | $9,500,000 | -6,069,197 (-39.0%) |
| Taxable Value | $15,569,197 | $9,500,000 | -6,069,197 (-39.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,500,000 | $10,081,520 | — | — | $9,500,000 | $9,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,109,757 | $10,081,520 | $1,028,237 | — | $11,109,757 | $11,109,757 | ~$194,416 | Partial |
| 2024 | $6,675,000 | — | — | — | $10,081,520 ! | $— | $180,636 | Verified |
| 2023 | $6,086,595 | — | — | −$2,306,025 | $3,780,570 | $— | $121,530 | Verified |
| 2022 | $6,086,595 | — | — | −$2,306,025 | $3,780,570 | $— | $120,206 | Verified |
| 2021 | $6,556,300 | — | — | −$2,775,730 | $3,780,570 | $— | $132,486 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +40.1% | +40.1% | ~100% | Not available | Partial |
| 2025 | -15.2% | -15.2% | ~100% | Not available | Partial |
| 2024 | +75.9% ! | +75.9% | ~100% | 1.3800% | Verified |
| 2023 | +22.4% | +22.4% | ~100% | 1.6300% | Verified |
| 2022 | -6.6% | -6.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +70.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.5% | +10.9% | +18.0% | +66.4% | 2025 | -14.5% | 2026 |
| Assessment Ratio | 100.0% | 88.8% | — | 151.0% | 2024 | 57.7% | 2021 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$194,416 | $149,855 | ~$289,879 | $194,416 | 2025 | $120,206 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,675,526 | ~$12,220,733 | ~2.0139% | ~$246,118 | +14.1% |
| 2027 | ~$14,461,969 | ~$13,442,806 | ~1.9814% | ~$266,354 | +30.2% |
| 2028 | ~$16,500,187 | ~$14,787,087 | ~1.9488% | ~$288,177 | +48.5% |
| 2029 | ~$18,825,664 | ~$16,265,795 | ~1.9163% | ~$311,700 | +69.5% |
| 2030 | ~$21,478,885 | ~$17,892,375 | ~1.8837% | ~$337,046 | +93.3% |
| 2026 | ~$12,453,331 | ~$12,220,733 | ~2.0465% | ~$250,095 | +12.1% |
| 2027 | ~$13,959,392 | ~$13,442,806 | ~2.0465% | ~$275,105 | +25.6% |
| 2028 | ~$15,647,591 | ~$14,787,087 | ~2.0465% | ~$302,616 | +40.8% |
| 2029 | ~$17,539,954 | ~$16,265,795 | ~2.0465% | ~$332,877 | +57.9% |
| 2030 | ~$19,661,173 | ~$17,892,375 | ~2.0465% | ~$366,165 | +77.0% |
| 2026 | ~$12,897,721 | ~$12,220,733 | ~1.9977% | ~$244,129 | +16.1% |
| 2027 | ~$14,973,434 | ~$13,442,806 | ~1.9488% | ~$261,979 | +34.8% |
| 2028 | ~$17,383,205 | ~$14,787,087 | ~1.9000% | ~$280,957 | +56.5% |
| 2029 | ~$20,180,795 | ~$16,265,795 | ~1.8512% | ~$301,111 | +81.6% |
| 2030 | ~$23,428,620 | ~$17,892,375 | ~1.8024% | ~$322,487 | +110.9% |
In 2025, this property's market value of $11,109,757 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $11,109,757 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,675,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,086,595 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,086,595 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,556,300 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.