3312 DUKE RD TX 78724
| Owner | FARAHANI FAMILY LLC |
|---|---|
| Parcel ID | 0227280508 |
| Short ID | 442466 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 10,158 SF |
| Land SF | 19,998 SF |
| Acres | 0.459 |
| Year Built | 1977 |
| Legal | LOT 1 BLK C SPRING CREEK COMMERCIAL PARK |
| Neighborhood | 61FEA |
| Land | $99,990 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $99,990 |
| Improvement | $510,010 |
|---|---|
| Total Improvement | $510,010 |
| Market | $610,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $610,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $610,000 |
| Taxable Value | $610,000 |
|---|
Appreciation: Market value has risen +24.4% from $490,455 (2021) to $610,000 (2025), a CAGR of 5.6% over 4 years. This represents moderate, steady growth. 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 1.5491% in 2025 (+0.0149% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $9,449. Austin ISD is the largest single contributor, at 59.7% 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 16% of market value ($99,990 land vs $510,010 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~49 yrs), and rent roll drive the underwriting.
Submarket Position: At $610,000, 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 +5.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $801,204 by 2030, with an estimated annual tax burden around $10,743. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,158 SF | ✓ |
| 551 | PAVED AREA | 2,900 SF | ✗ |
| 881 | COMMCL FINISHOUT | 2,244 SF | ✓ |
| 328 | MEZZ COMM (STG) | 1,934 SF | ✓ |
| 501 | CANOPY | 984 SF | ✗ |
| 093 | HVAC COMMRCL SF | 769 SF | ✗ |
| MEZZ | Mezzanine | 609 SF | ✓ |
| 541 | FENCE COMM LF | 100 SF | ✗ |
Market value changed by 137% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $5,643.72 | $5,643.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,292.65 | $2,292.65 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $719.94 | $719.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $630.74 | $630.74 | Paid |
| E04 Travis County ESD # 04 | 0.0800% | 0.0600% | 0.0400% | 0.0300% | 0.0266% | -0.0034% | $162.26 | $162.26 | Paid |
| Combined Rate | 1.7157% | 1.5722% | 1.4034% | 1.5342% | 1.5491% | +0.0149% | $9,449.31 | $9,449.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $644,705 | $610,000 | +5.7% |
| Assessed Value | $644,705 | $610,000 | +5.7% |
| Land Value | $99,990 | $99,990 | +0.0% |
| Improvement Value | $544,715 | $510,010 | +6.8% |
| Taxable Value | $644,705 | $610,000 | +5.7% |
| Total Tax 2026 = estimate |
~$9,987
Estimated
|
~$9,449
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,443,276 | $644,705 | -798,571 (-55.3%) |
| Taxable Value | $732,000 | $644,705 | -87,295 (-11.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $644,705 | $99,990 | $544,715 | — | $644,705 | $644,705 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $610,000 | $99,990 | $510,010 | — | $610,000 | $610,000 | ~$9,449 | Partial |
| 2024 | $550,000 | — | — | −$450,010 | $99,990 | $— | $8,592 | Verified |
| 2023 | $499,039 | — | — | −$399,049 | $99,990 | $— | $7,719 | Verified |
| 2022 | $496,700 | — | — | −$396,710 | $99,990 | $— | $7,846 | Verified |
| 2021 | $490,455 | — | — | −$390,465 | $99,990 | $— | $8,522 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +136.6% ! | +20.0% | 50.7% | Not available | Partial |
| 2025 | +8.9% | +8.9% | ~100% | Not available | Partial |
| 2024 | -23.0% | -23.0% | ~100% | 1.5300% | Verified |
| 2023 | +45.7% | +45.7% | ~100% | 1.0600% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.5700% | Verified |
| 2021 | base year | — | ~100% | 1.7400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.7% | +5.7% | +4.5% | +10.9% | 2025 | +0.5% | 2023 |
| Assessment Ratio | 100.0% | 46.4% | — | 100.0% | 2025 | 18.2% | 2024 |
| Effective Tax Rate (2025) | 1.5500% | 1.5500% | — | 1.5500% | 2025 | 1.5500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$9,449 | $8,426 | ~$10,229 | $9,449 | 2025 | $7,719 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$644,188 | ~$644,188 | ~1.5074% | ~$9,711 | +5.6% |
| 2027 | ~$680,292 | ~$680,292 | ~1.4658% | ~$9,971 | +11.5% |
| 2028 | ~$718,419 | ~$718,419 | ~1.4241% | ~$10,231 | +17.8% |
| 2029 | ~$758,683 | ~$758,683 | ~1.3825% | ~$10,488 | +24.4% |
| 2030 | ~$801,204 | ~$801,204 | ~1.3408% | ~$10,743 | +31.3% |
| 2026 | ~$631,988 | ~$631,988 | ~1.5491% | ~$9,790 | +3.6% |
| 2027 | ~$654,768 | ~$654,768 | ~1.5491% | ~$10,143 | +7.3% |
| 2028 | ~$678,370 | ~$678,370 | ~1.5491% | ~$10,508 | +11.2% |
| 2029 | ~$702,822 | ~$702,822 | ~1.5491% | ~$10,887 | +15.2% |
| 2030 | ~$728,156 | ~$728,156 | ~1.5491% | ~$11,280 | +19.4% |
| 2026 | ~$656,388 | ~$656,388 | ~1.4866% | ~$9,758 | +7.6% |
| 2027 | ~$706,303 | ~$706,303 | ~1.4241% | ~$10,059 | +15.8% |
| 2028 | ~$760,014 | ~$760,014 | ~1.3616% | ~$10,349 | +24.6% |
| 2029 | ~$817,810 | ~$817,810 | ~1.2992% | ~$10,625 | +34.1% |
| 2030 | ~$880,001 | ~$880,001 | ~1.2367% | ~$10,883 | +44.3% |
In 2025, this property's market value of $610,000 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -57% 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 | $610,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $550,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $499,039 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $496,700 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $490,455 | $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.