218 FLIGHTLINE RD 13 TX 78719
| Owner | LUKES 28 LEGACY LLC |
|---|---|
| Parcel ID | 0188730273 |
| Short ID | 524254 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 2,800 SF |
| Land SF | 5,391 SF |
| Acres | 0.124 |
| Year Built | 2008 |
| Legal | LOT 1 LAGO VISTA AIRPARK SUBD |
| Neighborhood | 61NWE |
| Land | $48,519 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $48,519 |
| Improvement | $126,617 |
|---|---|
| Total Improvement | $126,617 |
| Market | $175,136 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $175,136 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $175,136 |
| Taxable Value | $175,136 |
|---|
Appreciation: Market value has fallen -7.2% from $188,735 (2021) to $175,136 (2025), a CAGR of -1.9% over 4 years. Growth has been relatively flat for this asset class. 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 lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.1307% in 2025 (+0.0473% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,732. Lago Vista ISD is the largest single contributor, at 47.7% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 28% of market value ($48,519 land vs $126,617 improvements), about $9/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $175,136, this parcel sits in the bottom quartile (<25th 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 -1.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $159,507 by 2030, with an estimated annual tax burden around $2,706. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,800 SF | ✓ |
| 611 | TERRACE | 1,898 SF | ✗ |
Market value changed by 133% in 2026, 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILV Lago Vista ISD | 1.2020% | 1.1846% | 1.0192% | 1.0169% | 1.0169% | +0.0000% | $1,780.96 | $1,780.96 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $735.57 | $735.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $658.24 | $658.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $206.70 | $206.70 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $175.14 | $175.14 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $175.08 | $175.08 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $3,731.69 | $3,731.69 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $175,136 | $175,136 | +0.0% |
| Assessed Value | $175,136 | $175,136 | +0.0% |
| Land Value | $48,519 | $48,519 | +0.0% |
| Improvement Value | $126,617 | $126,617 | +0.0% |
| Taxable Value | $175,136 | $175,136 | +0.0% |
| Total Tax 2026 = estimate |
~$3,732
Estimated
|
~$3,732
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $407,954 | $175,136 | -232,818 (-57.1%) |
| Taxable Value | $210,163 | $175,136 | -35,027 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $175,136 | $48,519 | $126,617 | — | $175,136 | $175,136 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $175,136 | $48,519 | $126,617 | — | $175,136 | $175,136 | ~$3,732 | Partial |
| 2024 | $216,715 | — | — | −$168,196 | $48,519 | $— | $3,670 | Verified |
| 2023 | $206,825 | — | — | −$158,306 | $48,519 | $— | $4,383 | Verified |
| 2022 | $184,662 | — | — | −$136,143 | $48,519 | $— | $4,567 | Verified |
| 2021 | $188,735 | — | — | −$140,216 | $48,519 | $— | $4,576 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +132.9% ! | +20.0% | 51.5% | Not available | Partial |
| 2025 | -0.6% | -0.6% | ~100% | Not available | Partial |
| 2024 | -18.7% | -18.7% | ~100% | 2.0800% | Verified |
| 2023 | +4.8% | +4.8% | ~100% | 2.0200% | Verified |
| 2022 | +12.0% | +12.0% | ~100% | 2.2100% | Verified |
| 2021 | base year | — | ~100% | 2.4200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -5.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -0.9% | -1.9% | +12.0% | 2023 | -19.2% | 2025 |
| Assessment Ratio | 100.0% | 49.6% | — | 100.0% | 2025 | 22.4% | 2024 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,732 | $4,186 | ~$3,103 | $4,576 | 2021 | $3,670 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$171,892 | ~$171,892 | ~2.0439% | ~$3,513 | -1.9% |
| 2027 | ~$168,708 | ~$168,708 | ~1.9570% | ~$3,302 | -3.7% |
| 2028 | ~$165,584 | ~$165,584 | ~1.8702% | ~$3,097 | -5.5% |
| 2029 | ~$162,517 | ~$162,517 | ~1.7833% | ~$2,898 | -7.2% |
| 2030 | ~$159,507 | ~$159,507 | ~1.6964% | ~$2,706 | -8.9% |
| 2026 | ~$168,389 | ~$168,389 | ~2.1307% | ~$3,588 | -3.9% |
| 2027 | ~$161,903 | ~$161,903 | ~2.1307% | ~$3,450 | -7.6% |
| 2028 | ~$155,666 | ~$155,666 | ~2.1307% | ~$3,317 | -11.1% |
| 2029 | ~$149,670 | ~$149,670 | ~2.1307% | ~$3,189 | -14.5% |
| 2030 | ~$143,904 | ~$143,904 | ~2.1307% | ~$3,066 | -17.8% |
| 2026 | ~$175,395 | ~$175,395 | ~2.0004% | ~$3,509 | +0.1% |
| 2027 | ~$175,654 | ~$175,654 | ~1.8702% | ~$3,285 | +0.3% |
| 2028 | ~$175,914 | ~$175,914 | ~1.7399% | ~$3,061 | +0.4% |
| 2029 | ~$176,174 | ~$176,174 | ~1.6096% | ~$2,836 | +0.6% |
| 2030 | ~$176,434 | ~$176,434 | ~1.4793% | ~$2,610 | +0.7% |
In 2025, this property's market value of $175,136 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -88% 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 | $175,136 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $216,715 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $206,825 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $184,662 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $188,735 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.