10400 RESEARCH BLVD 78759
| Owner | SRE HC ARBORETUM OWNER LP |
|---|---|
| Parcel ID | 0154010215 |
| Short ID | 958229 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 214,500 SF |
| Land SF | 149,974 SF |
| Acres | 3.443 |
| Year Built | 2024 |
| Legal | 3.4429AC OF LOT 1 OF OAK VIEW SEC 2 AMD - SCHMIDT TRACT NO 1 |
| Neighborhood | FNW |
| Land | $5,998,960 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,998,960 |
| Improvement | $50,221,040 |
|---|---|
| Total Improvement | $50,221,040 |
| Market | $56,220,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $56,220,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $56,220,000 |
| Taxable Value | $56,220,000 |
|---|
Appreciation: Market value has risen +3022.1% from $1,800,688 (2023) to $56,220,000 (2025), a CAGR of 458.8% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,150,534. Austin ISD is the largest single contributor, at 45.2% 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 11% of market value ($5,998,960 land vs $50,221,040 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $56,220,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +458.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $306,211,691,468 by 2030, with an estimated annual tax burden around $1,705,595. 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 | 214,500 SF | ✓ |
Market value changed by 262% in 2023, 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% | $471,852.00 | $471,852.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $267,248.67 | $267,248.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $191,680.95 | $191,680.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $60,191.73 | $60,191.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,734.00 | $52,734.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,043,707.35 | $1,043,707.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $52,500,000 | $56,220,000 | -6.6% |
| Assessed Value | $52,500,000 | $56,220,000 | -6.6% |
| Land Value | $5,998,960 | $5,998,960 | +0.0% |
| Improvement Value | $46,501,040 | $50,221,040 | -7.4% |
| Taxable Value | $52,500,000 | $56,220,000 | -6.6% |
| Total Tax 2026 = estimate |
~$1,074,405
Estimated
|
~$1,043,707
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $52,500,000 | $52,500,000 | +0 (+0.0%) |
| Taxable Value | $52,500,000 | $52,500,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $52,500,000 | $5,998,960 | $46,501,040 | — | $52,500,000 | $52,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $56,220,000 | $5,998,960 | $50,221,040 | — | $56,220,000 | $56,220,000 | ~$1,043,707 | Partial |
| 2024 | $6,512,253 | — | — | −$513,293 | $5,998,960 | $— | $837,860 | Verified |
| 2023 | $1,800,688 | — | — | −$1,000 | $1,799,688 | $— | $117,823 | Verified |
| 2022 | $— | — | — | — | $1,799,688 | $— | $35,562 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.6% | -6.6% | ~100% | Not available | Partial |
| 2025 | +33.0% | +33.0% | ~100% | Not available | Partial |
| 2024 | +549.2% ! | +549.2% | ~100% | 1.9800% | Verified |
| 2023 | +261.7% ! | +261.7% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3022.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.6% | +339.5% | +466.7% | +763.3% | 2025 | -6.6% | 2026 |
| Assessment Ratio | 100.0% | 98.0% | — | 100.0% | 2025 | 92.1% | 2024 |
| Effective Tax Rate (2025) | 1.8600% | 1.8600% | — | 1.8600% | 2025 | 1.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,043,707 | $666,463 | ~$1,466,909 | $1,043,707 | 2025 | $117,823 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$314,135,506 | ~$61,842,000 | ~2.0139% | ~$1,245,459 | +458.8% |
| 2027 | ~$1,755,267,098 | ~$68,026,200 | ~1.9814% | ~$1,347,863 | +3022.1% |
| 2028 | ~$9,807,750,236 | ~$74,828,820 | ~1.9488% | ~$1,458,294 | +17345.3% |
| 2029 | ~$54,801,895,856 | ~$82,311,702 | ~1.9163% | ~$1,577,332 | +97377.6% |
| 2030 | ~$306,211,691,468 | ~$90,542,872 | ~1.8837% | ~$1,705,595 | +544566.8% |
| 2026 | ~$313,011,106 | ~$61,842,000 | ~2.0465% | ~$1,265,587 | +456.8% |
| 2027 | ~$1,742,724,166 | ~$68,026,200 | ~2.0465% | ~$1,392,146 | +2999.8% |
| 2028 | ~$9,702,810,723 | ~$74,828,820 | ~2.0465% | ~$1,531,361 | +17158.6% |
| 2029 | ~$54,021,478,434 | ~$82,311,702 | ~2.0465% | ~$1,684,497 | +95989.4% |
| 2030 | ~$300,770,592,714 | ~$90,542,872 | ~2.0465% | ~$1,852,946 | +534888.6% |
| 2026 | ~$315,259,906 | ~$61,842,000 | ~1.9977% | ~$1,235,394 | +460.8% |
| 2027 | ~$1,767,855,006 | ~$68,026,200 | ~1.9488% | ~$1,325,721 | +3044.5% |
| 2028 | ~$9,913,443,675 | ~$74,828,820 | ~1.9000% | ~$1,421,760 | +17533.3% |
| 2029 | ~$55,590,738,577 | ~$82,311,702 | ~1.8512% | ~$1,523,749 | +98780.7% |
| 2030 | ~$311,731,252,728 | ~$90,542,872 | ~1.8024% | ~$1,631,919 | +554384.6% |
In 2025, this property's market value of $56,220,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 108× the county median of $519,778. 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 | $56,220,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $6,512,253 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,800,688 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
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.