2400 WHELESS LN TX 78723
| Owner | LUNAIRE GROUP LP |
|---|---|
| Parcel ID | 0223201012 |
| Short ID | 222573 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,072 SF |
| Land SF | 27,254 SF |
| Acres | 0.626 |
| Year Built | 1971 |
| Legal | LOT A FRANCIS GARLAND L THE |
| Neighborhood | 53EAS |
| Land | $545,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $545,080 |
| Improvement | $1,285,686 |
|---|---|
| Total Improvement | $1,285,686 |
| Market | $1,830,766 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,830,766 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,830,766 |
| Taxable Value | $1,830,766 |
|---|
Appreciation: Market value has risen +76.8% from $1,035,389 (2021) to $1,830,766 (2025), a CAGR of 15.3% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $37,466. 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 30% of market value ($545,080 land vs $1,285,686 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~55 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,830,766, this parcel sits in the upper-middle (50th–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 +15.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,732,884 by 2030, with an estimated annual tax burden around $55,542. 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 | 6,800 SF | ✗ |
| 1ST | 1st Floor | 5,072 SF | ✓ |
| 541 | FENCE COMM LF | 670 SF | ✗ |
| 581C | STORAGE ATT COMM | 234 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 198 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% | $16,938.25 | $16,938.25 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,593.53 | $9,593.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,880.84 | $6,880.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,160.72 | $2,160.72 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,893.01 | $1,893.01 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,466.35 | $37,466.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,675,622 | $1,830,766 | -8.5% |
| Assessed Value | $1,675,622 | $1,830,766 | -8.5% |
| Land Value | $545,080 | $545,080 | +0.0% |
| Improvement Value | $1,130,542 | $1,285,686 | -12.1% |
| Taxable Value | $1,675,622 | $1,830,766 | -8.5% |
| Total Tax 2026 = estimate |
~$34,291
Estimated
|
~$37,466
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,675,622 | $1,675,622 | +0 (+0.0%) |
| Taxable Value | $1,675,622 | $1,675,622 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,675,622 | $545,080 | $1,130,542 | — | $1,675,622 | $1,675,622 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,830,766 | $545,080 | $1,285,686 | — | $1,830,766 | $1,830,766 | ~$37,466 | Partial |
| 2024 | $1,888,468 | — | — | −$1,343,388 | $545,080 | $— | $36,053 | Verified |
| 2023 | $1,661,250 | — | — | −$1,116,170 | $545,080 | $— | $34,167 | Verified |
| 2022 | $1,118,220 | — | — | −$573,140 | $545,080 | $— | $32,808 | Verified |
| 2021 | $1,035,389 | — | — | −$490,309 | $545,080 | $— | $24,340 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.5% | -8.5% | ~100% | Not available | Partial |
| 2025 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2024 | -3.7% | -3.7% | ~100% | 1.9800% | Verified |
| 2023 | +13.7% | +13.7% | ~100% | 1.8100% | Verified |
| 2022 | +48.6% | +48.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +63.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.5% | +11.7% | +17.4% | +48.6% | 2023 | -8.5% | 2026 |
| Assessment Ratio | 100.0% | 60.5% | — | 100.0% | 2025 | 28.9% | 2024 |
| 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 |
$37,466 | $32,967 | ~$47,769 | $37,466 | 2025 | $24,340 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,111,131 | ~$2,013,843 | ~2.0139% | ~$40,558 | +15.3% |
| 2027 | ~$2,434,431 | ~$2,215,227 | ~1.9814% | ~$43,892 | +33.0% |
| 2028 | ~$2,807,242 | ~$2,436,750 | ~1.9488% | ~$47,488 | +53.3% |
| 2029 | ~$3,237,145 | ~$2,680,425 | ~1.9163% | ~$51,365 | +76.8% |
| 2030 | ~$3,732,884 | ~$2,948,467 | ~1.8837% | ~$55,542 | +103.9% |
| 2026 | ~$2,074,516 | ~$2,013,843 | ~2.0465% | ~$41,213 | +13.3% |
| 2027 | ~$2,350,718 | ~$2,215,227 | ~2.0465% | ~$45,334 | +28.4% |
| 2028 | ~$2,663,695 | ~$2,436,750 | ~2.0465% | ~$49,868 | +45.5% |
| 2029 | ~$3,018,341 | ~$2,680,425 | ~2.0465% | ~$54,854 | +64.9% |
| 2030 | ~$3,420,205 | ~$2,948,467 | ~2.0465% | ~$60,340 | +86.8% |
| 2026 | ~$2,147,746 | ~$2,013,843 | ~1.9977% | ~$40,230 | +17.3% |
| 2027 | ~$2,519,609 | ~$2,215,227 | ~1.9488% | ~$43,171 | +37.6% |
| 2028 | ~$2,955,856 | ~$2,436,750 | ~1.9000% | ~$46,299 | +61.5% |
| 2029 | ~$3,467,635 | ~$2,680,425 | ~1.8512% | ~$49,620 | +89.4% |
| 2030 | ~$4,068,024 | ~$2,948,467 | ~1.8024% | ~$53,142 | +122.2% |
In 2025, this property's market value of $1,830,766 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +29% above 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 | $1,830,766 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,888,468 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,661,250 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,118,220 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,035,389 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.