979 SPRINGDALE RD A TX 78702
| Owner | 979 SPRINGDALE ROAD LP |
|---|---|
| Parcel ID | 0204161201 |
| Short ID | 192563 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 210,800 SF |
| Land SF | 510,296 SF |
| Acres | 11.715 |
| Year Built | 1970 |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 10.842 & LOT 1A&1B RESUB OF LOT 1 HOWARD TRAVIS SUBD (TOTAL 11.7285AC) |
| Neighborhood | 64EAS |
| Land | $45,926,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,926,640 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $45,487,842 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $45,487,842 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $45,487,842 |
| Taxable Value | $45,487,842 |
|---|
Appreciation: Market value has risen +108.3% from $21,841,848 (2021) to $45,487,842 (2025), a CAGR of 20.1% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $930,902. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 101% of market value ($45,926,640 land vs $0 improvements), about $90/SF of land. With value concentrated in the land under a ~56-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 $45,487,842, 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 +20.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $113,802,755 by 2030, with an estimated annual tax burden around $1,380,004. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 169,800 SF | ✓ |
| SO | Sketch Only | 168,994 SF | ✗ |
| 551 | PAVED AREA | 118,880 SF | ✗ |
| 881 | COMMCL FINISHOUT | 110,648 SF | ✓ |
| 2ND | 2nd Floor | 41,000 SF | ✓ |
| 272 | COLDSTG VAULT LG | 25,275 SF | ✓ |
| MEZZ | Mezzanine | 12,256 SF | ✓ |
| 501 | CANOPY | 7,770 SF | ✗ |
| 093 | HVAC COMMRCL SF | 5,850 SF | ✗ |
| 611 | TERRACE | 4,640 SF | ✗ |
| 511 | DECK | 3,976 SF | ✗ |
| 328 | MEZZ COMM (STG) | 2,101 SF | ✓ |
| 541 | FENCE COMM LF | 1,200 SF | ✗ |
| 091 | HVAC COMMRCL TON | 12 SF | ✗ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| MISC | Miscellaneous | 1 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $420,853.51 | $420,853.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $238,364.03 | $238,364.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $170,963.78 | $170,963.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $53,686.12 | $53,686.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $47,034.43 | $47,034.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $930,901.87 | $930,901.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $32,691,462 | $45,487,842 | -28.1% |
| Assessed Value | $32,691,462 | $45,487,842 | -28.1% |
| Land Value | $45,926,640 | $45,926,640 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $32,691,462 | $45,487,842 | -28.1% |
| Total Tax 2026 = estimate |
~$669,026
Estimated
|
~$930,902
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,531,230 | $32,691,462 | -16,839,768 (-34.0%) |
| Taxable Value | $49,531,230 | $32,691,462 | -16,839,768 (-34.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $32,691,462 | $45,926,640 | — | — | $32,691,462 | $32,691,462 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $45,487,842 | $45,926,640 | — | — | $45,487,842 | $45,487,842 | ~$930,902 | Partial |
| 2024 | $48,000,000 | — | — | −$3,000,000 | $45,000,000 | $— | $891,816 | Verified |
| 2023 | $45,000,000 | — | — | — | $45,980,411 ! | $— | $868,439 | Verified |
| 2022 | $31,500,000 | — | — | −$16,173,196 | $15,326,804 | $— | $888,715 | Verified |
| 2021 | $21,841,848 | — | — | −$6,515,044 | $15,326,804 | $— | $685,654 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.9% | +8.9% | ~100% | Not available | Partial |
| 2025 | +1.1% | +1.1% | ~100% | Not available | Partial |
| 2024 | -28.0% | -28.0% | ~100% | 1.9800% | Verified |
| 2023 | +39.0% | +39.0% | ~100% | 1.3900% | Verified |
| 2022 | +9.1% | +9.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -28.1% | +12.1% | +29.5% | +44.2% | 2022 | -28.1% | 2026 |
| Assessment Ratio | 100.0% | 85.8% | — | 102.2% | 2023 | 48.7% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$930,902 | $853,105 | ~$1,186,882 | $930,902 | 2025 | $685,654 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$54,644,546 | ~$50,036,626 | ~2.0139% | ~$1,007,706 | +20.1% |
| 2027 | ~$65,644,495 | ~$55,040,289 | ~1.9814% | ~$1,090,562 | +44.3% |
| 2028 | ~$78,858,734 | ~$60,544,318 | ~1.9488% | ~$1,179,912 | +73.4% |
| 2029 | ~$94,732,999 | ~$66,598,749 | ~1.9163% | ~$1,276,226 | +108.3% |
| 2030 | ~$113,802,755 | ~$73,258,624 | ~1.8837% | ~$1,380,004 | +150.2% |
| 2026 | ~$53,734,789 | ~$50,036,626 | ~2.0465% | ~$1,023,992 | +18.1% |
| 2027 | ~$63,476,908 | ~$55,040,289 | ~2.0465% | ~$1,126,391 | +39.5% |
| 2028 | ~$74,985,274 | ~$60,544,318 | ~2.0465% | ~$1,239,030 | +64.8% |
| 2029 | ~$88,580,106 | ~$66,598,749 | ~2.0465% | ~$1,362,933 | +94.7% |
| 2030 | ~$104,639,682 | ~$73,258,624 | ~2.0465% | ~$1,499,227 | +130.0% |
| 2026 | ~$55,554,303 | ~$50,036,626 | ~1.9977% | ~$999,563 | +22.1% |
| 2027 | ~$67,848,472 | ~$55,040,289 | ~1.9488% | ~$1,072,647 | +49.2% |
| 2028 | ~$82,863,341 | ~$60,544,318 | ~1.9000% | ~$1,150,352 | +82.2% |
| 2029 | ~$101,201,001 | ~$66,598,749 | ~1.8512% | ~$1,232,872 | +122.5% |
| 2030 | ~$123,596,785 | ~$73,258,624 | ~1.8024% | ~$1,320,392 | +171.7% |
In 2025, this property's market value of $45,487,842 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 32× 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 | $45,487,842 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $48,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $45,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $31,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $21,841,848 | $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.