5005 COMMERCIAL PARK DR TX 78724
| Owner | VARENNE PROPERTIES LLC |
|---|---|
| Parcel ID | 0227300801 |
| Short ID | 426027 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 12,250 SF |
| Land SF | 33,448 SF |
| Acres | 0.768 |
| Year Built | 1984 |
| Legal | LOT 25 NORTHEAST COMMERCIAL BUSINESSPARK SEC 2 |
| Neighborhood | 61FEA |
| Land | $150,516 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $150,516 |
| Improvement | $672,140 |
|---|---|
| Total Improvement | $672,140 |
| Market | $822,656 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $822,656 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $822,656 |
| Taxable Value | $822,656 |
|---|
Appreciation: Market value has risen +19.3% from $689,442 (2021) to $822,656 (2025), a CAGR of 4.5% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2025→2026), 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 $16,836. 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 18% of market value ($150,516 land vs $672,140 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $822,656, 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 +4.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,025,933 by 2030, with an estimated annual tax burden around $19,326. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 14,000 SF | ✗ |
| 1ST | 1st Floor | 12,250 SF | ✓ |
| 093 | HVAC COMMRCL SF | 7,634 SF | ✗ |
| 881 | COMMCL FINISHOUT | 5,115 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,960 SF | ✗ |
| 501 | CANOPY | 192 SF | ✗ |
| 541 | FENCE COMM LF | 180 SF | ✗ |
Market value changed by 128% 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% | $7,611.21 | $7,611.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,310.86 | $4,310.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,091.91 | $3,091.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $970.92 | $970.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $850.63 | $850.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,835.53 | $16,835.53 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,877,870 | $822,656 | +128.3% |
| Assessed Value | $987,187 | $822,656 | +20.0% |
| Land Value | $150,516 | $150,516 | +0.0% |
| Improvement Value | $1,727,354 | $672,140 | +157.0% |
| Taxable Value | $987,187 | $822,656 | +20.0% |
| HS Cap Loss | -$890,683 | — | |
| Total Tax 2026 = estimate |
~$20,203
Estimated
|
~$16,836
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,877,870 | $1,877,870 | +0 (+0.0%) |
| Taxable Value | $987,187 | $987,187 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,877,870 | $150,516 | $1,727,354 | −$890,683 | $987,187 | $987,187 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $822,656 | $150,516 | $672,140 | — | $822,656 | $822,656 | ~$16,836 | Partial |
| 2024 | $971,000 | — | — | −$820,484 | $150,516 | $— | $16,304 | Verified |
| 2023 | $681,812 | — | — | −$531,296 | $150,516 | $— | $17,568 | Verified |
| 2022 | $681,564 | — | — | −$522,686 | $158,878 | $— | $13,465 | Verified |
| 2021 | $689,442 | — | — | −$530,564 | $158,878 | $— | $14,835 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +128.3% ! | +20.0% | 52.6% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -15.3% | -15.3% | ~100% | 1.9800% | Verified |
| 2023 | +17.7% | +17.7% | ~100% | 1.8100% | Verified |
| 2022 | +14.3% | +14.3% | ~100% | 1.6300% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +128.3% | +30.9% | -7.2% | +128.3% | 2026 | -15.3% | 2025 |
| Assessment Ratio | 52.6% | 39.4% | — | 100.0% | 2025 | 15.5% | 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 |
$16,836 | $15,802 | ~$18,312 | $17,568 | 2023 | $13,465 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$859,802 | ~$859,802 | ~2.0139% | ~$17,316 | +4.5% |
| 2027 | ~$898,625 | ~$898,625 | ~1.9814% | ~$17,805 | +9.2% |
| 2028 | ~$939,201 | ~$939,201 | ~1.9488% | ~$18,304 | +14.2% |
| 2029 | ~$981,610 | ~$981,610 | ~1.9163% | ~$18,811 | +19.3% |
| 2030 | ~$1,025,933 | ~$1,025,933 | ~1.8837% | ~$19,326 | +24.7% |
| 2026 | ~$843,349 | ~$843,349 | ~2.0465% | ~$17,259 | +2.5% |
| 2027 | ~$864,562 | ~$864,562 | ~2.0465% | ~$17,693 | +5.1% |
| 2028 | ~$886,309 | ~$886,309 | ~2.0465% | ~$18,138 | +7.7% |
| 2029 | ~$908,603 | ~$908,603 | ~2.0465% | ~$18,594 | +10.4% |
| 2030 | ~$931,457 | ~$931,457 | ~2.0465% | ~$19,062 | +13.2% |
| 2026 | ~$876,255 | ~$876,255 | ~1.9977% | ~$17,505 | +6.5% |
| 2027 | ~$933,346 | ~$933,346 | ~1.9488% | ~$18,189 | +13.5% |
| 2028 | ~$994,157 | ~$994,157 | ~1.9000% | ~$18,889 | +20.8% |
| 2029 | ~$1,058,930 | ~$1,058,930 | ~1.8512% | ~$19,603 | +28.7% |
| 2030 | ~$1,127,923 | ~$1,127,923 | ~1.8024% | ~$20,329 | +37.1% |
In 2025, this property's market value of $822,656 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -42% 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 | $822,656 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $971,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $681,812 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $681,564 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $689,442 | $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.