3308 DUKE RD TX 78724
| Owner | FARAHANI FAMILY LLC |
|---|---|
| Parcel ID | 0227280509 |
| Short ID | 442467 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 13,400 SF |
| Land SF | 40,424 SF |
| Acres | 0.928 |
| Year Built | 1981 |
| Legal | ABS 214 SUR 30 DAVIS H T ACR .928 |
| Neighborhood | 61FEA |
| Land | $202,118 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $202,118 |
| Improvement | $487,882 |
|---|---|
| Total Improvement | $487,882 |
| Market | $690,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $690,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $690,000 |
| Taxable Value | $690,000 |
|---|
Appreciation: Market value has risen +54.0% from $448,191 (2021) to $690,000 (2025), a CAGR of 11.4% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $10,689. 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 29% of market value ($202,118 land vs $487,882 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~45 yrs), and rent roll drive the underwriting.
Submarket Position: At $690,000, this parcel sits in the lower-middle (25th–50th 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 +11.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,183,264 by 2030, with an estimated annual tax burden around $14,900. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 13,400 SF | ✓ |
| 551 | PAVED AREA | 6,700 SF | ✗ |
| 407 | LOADING DOCK | 2,000 SF | ✓ |
| 501 | CANOPY | 2,000 SF | ✗ |
| 541 | FENCE COMM LF | 600 SF | ✗ |
| 328 | MEZZ COMM (STG) | 288 SF | ✓ |
| 881 | COMMCL FINISHOUT | 288 SF | ✓ |
Market value changed by 111% 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% | $6,383.88 | $6,383.88 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,593.33 | $2,593.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $814.36 | $814.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $713.46 | $713.46 | Paid |
| E04 Travis County ESD # 04 | 0.0800% | 0.0600% | 0.0400% | 0.0300% | 0.0266% | -0.0034% | $183.54 | $183.54 | Paid |
| Combined Rate | 1.7157% | 1.5722% | 1.4034% | 1.5342% | 1.5491% | +0.0149% | $10,688.57 | $10,688.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $708,228 | $690,000 | +2.6% |
| Assessed Value | $708,228 | $690,000 | +2.6% |
| Land Value | $202,118 | $202,118 | +0.0% |
| Improvement Value | $506,110 | $487,882 | +3.7% |
| Taxable Value | $708,228 | $690,000 | +2.6% |
| Total Tax 2026 = estimate |
~$10,971
Estimated
|
~$10,689
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,455,132 | $708,228 | -746,904 (-51.3%) |
| Taxable Value | $828,000 | $708,228 | -119,772 (-14.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $708,228 | $202,118 | $506,110 | — | $708,228 | $708,228 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $690,000 | $202,118 | $487,882 | — | $690,000 | $690,000 | ~$10,689 | Partial |
| 2024 | $510,000 | — | — | −$307,882 | $202,118 | $— | $8,822 | Verified |
| 2023 | $465,386 | — | — | −$364,327 | $101,059 | $— | $7,158 | Verified |
| 2022 | $453,150 | — | — | −$352,091 | $101,059 | $— | $7,317 | Verified |
| 2021 | $448,191 | — | — | −$347,132 | $101,059 | $— | $7,775 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +110.9% ! | +20.0% | 56.9% | Not available | Partial |
| 2025 | +20.0% | +20.0% | ~100% | Not available | Partial |
| 2024 | -17.1% | -17.1% | ~100% | 1.5300% | Verified |
| 2023 | +49.1% | +49.1% | ~100% | 1.0300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.5700% | Verified |
| 2021 | base year | — | ~100% | 1.7300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +48.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.6% | +10.3% | +10.8% | +35.3% | 2025 | +1.1% | 2022 |
| Assessment Ratio | 100.0% | 51.0% | — | 100.0% | 2025 | 21.7% | 2023 |
| 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 |
$10,689 | $8,352 | ~$13,125 | $10,689 | 2025 | $7,158 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$768,592 | ~$759,000 | ~1.5074% | ~$11,441 | +11.4% |
| 2027 | ~$856,135 | ~$834,900 | ~1.4658% | ~$12,238 | +24.1% |
| 2028 | ~$953,649 | ~$918,390 | ~1.4241% | ~$13,079 | +38.2% |
| 2029 | ~$1,062,270 | ~$1,010,229 | ~1.3825% | ~$13,966 | +54.0% |
| 2030 | ~$1,183,264 | ~$1,111,252 | ~1.3408% | ~$14,900 | +71.5% |
| 2026 | ~$754,792 | ~$754,792 | ~1.5491% | ~$11,692 | +9.4% |
| 2027 | ~$825,667 | ~$825,667 | ~1.5491% | ~$12,790 | +19.7% |
| 2028 | ~$903,198 | ~$903,198 | ~1.5491% | ~$13,991 | +30.9% |
| 2029 | ~$988,009 | ~$988,009 | ~1.5491% | ~$15,305 | +43.2% |
| 2030 | ~$1,080,783 | ~$1,080,783 | ~1.5491% | ~$16,742 | +56.6% |
| 2026 | ~$782,392 | ~$759,000 | ~1.4866% | ~$11,283 | +13.4% |
| 2027 | ~$887,154 | ~$834,900 | ~1.4241% | ~$11,890 | +28.6% |
| 2028 | ~$1,005,945 | ~$918,390 | ~1.3616% | ~$12,505 | +45.8% |
| 2029 | ~$1,140,642 | ~$1,010,229 | ~1.2992% | ~$13,124 | +65.3% |
| 2030 | ~$1,293,374 | ~$1,111,252 | ~1.2367% | ~$13,743 | +87.4% |
In 2025, this property's market value of $690,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -51% 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 | $690,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $510,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $465,386 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $453,150 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $448,191 | $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.