5010 LANCASTER DR TX 78723
| Owner | CH RETAIL FUND I/AUSTIN MUELLER LP |
|---|---|
| Parcel ID | 0221130136 |
| Short ID | 796272 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 11,000 SF |
| Land SF | 48,961 SF |
| Acres | 1.124 |
| Year Built | 2013 |
| Legal | LOT 1B-2 MUELLER SEC 1 PHS A RESUB OF LOT 1B RESUB LOT 1 BLK B |
| Neighborhood | 41CEN |
| Land | $2,080,861 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,080,861 |
| Improvement | $3,746,539 |
|---|---|
| Total Improvement | $3,746,539 |
| Market | $5,827,400 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,827,400 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,827,400 |
| Taxable Value | $5,827,400 |
|---|
Appreciation: Market value has risen +9.7% from $5,311,000 (2021) to $5,827,400 (2025), a CAGR of 2.3% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $119,257. 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 36% of market value ($2,080,861 land vs $3,746,539 improvements), about $43/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,827,400, 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 +2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,544,071 by 2030, with an estimated annual tax burden around $123,273. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 44,000 SF | ✗ |
| 1ST | 1st Floor | 11,000 SF | ✓ |
| 501 | CANOPY | 1,365 SF | ✗ |
| 611 | TERRACE | 1,365 SF | ✗ |
| 482 | LIGHT POLES | 4 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% | $53,915.10 | $53,915.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $30,536.57 | $30,536.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $21,901.99 | $21,901.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,877.67 | $6,877.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,025.53 | $6,025.53 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $119,256.86 | $119,256.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,600,000 | $5,827,400 | -3.9% |
| Assessed Value | $5,600,000 | $5,827,400 | -3.9% |
| Land Value | $2,080,861 | $2,080,861 | +0.0% |
| Improvement Value | $3,519,139 | $3,746,539 | -6.1% |
| Taxable Value | $5,600,000 | $5,827,400 | -3.9% |
| Total Tax 2026 = estimate |
~$114,603
Estimated
|
~$119,257
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,600,000 | $5,600,000 | +0 (+0.0%) |
| Taxable Value | $5,600,000 | $5,600,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,600,000 | $2,080,861 | $3,519,139 | — | $5,600,000 | $5,600,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,827,400 | $2,080,861 | $3,746,539 | — | $5,827,400 | $5,827,400 | ~$119,257 | Partial |
| 2024 | $5,770,000 | — | — | −$3,689,139 | $2,080,861 | $— | $115,401 | Verified |
| 2023 | $5,495,000 | — | — | −$3,414,139 | $2,080,861 | $— | $104,394 | Verified |
| 2022 | $5,169,000 | — | — | −$3,088,139 | $2,080,861 | $— | $108,522 | Verified |
| 2021 | $5,311,000 | — | — | −$3,438,225 | $1,872,775 | $— | $112,513 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.9% | -3.9% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | +0.9% | +0.9% | ~100% | 1.9800% | Verified |
| 2023 | +5.0% | +5.0% | ~100% | 1.8100% | Verified |
| 2022 | +6.3% | +6.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.9% | +1.1% | +3.2% | +6.3% | 2023 | -3.9% | 2026 |
| Assessment Ratio | 100.0% | 58.3% | — | 100.0% | 2025 | 35.3% | 2021 |
| 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 |
$119,257 | $112,017 | ~$121,723 | $119,257 | 2025 | $104,394 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,964,162 | ~$5,964,162 | ~2.0139% | ~$120,114 | +2.3% |
| 2027 | ~$6,104,134 | ~$6,104,134 | ~1.9814% | ~$120,947 | +4.7% |
| 2028 | ~$6,247,392 | ~$6,247,392 | ~1.9488% | ~$121,752 | +7.2% |
| 2029 | ~$6,394,011 | ~$6,394,011 | ~1.9163% | ~$122,528 | +9.7% |
| 2030 | ~$6,544,071 | ~$6,544,071 | ~1.8837% | ~$123,273 | +12.3% |
| 2026 | ~$5,847,614 | ~$5,847,614 | ~2.0465% | ~$119,671 | +0.3% |
| 2027 | ~$5,867,899 | ~$5,867,899 | ~2.0465% | ~$120,086 | +0.7% |
| 2028 | ~$5,888,254 | ~$5,888,254 | ~2.0465% | ~$120,502 | +1.0% |
| 2029 | ~$5,908,679 | ~$5,908,679 | ~2.0465% | ~$120,920 | +1.4% |
| 2030 | ~$5,929,176 | ~$5,929,176 | ~2.0465% | ~$121,340 | +1.7% |
| 2026 | ~$6,080,710 | ~$6,080,710 | ~1.9977% | ~$121,472 | +4.3% |
| 2027 | ~$6,345,032 | ~$6,345,032 | ~1.9488% | ~$123,654 | +8.9% |
| 2028 | ~$6,620,843 | ~$6,620,843 | ~1.9000% | ~$125,797 | +13.6% |
| 2029 | ~$6,908,644 | ~$6,908,644 | ~1.8512% | ~$127,892 | +18.6% |
| 2030 | ~$7,208,955 | ~$7,208,955 | ~1.8024% | ~$129,932 | +23.7% |
In 2025, this property's market value of $5,827,400 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,827,400 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,770,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,495,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,169,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,311,000 | $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.