1030 NORWOOD PARK BLVD TX 78753
| Owner | WALNOR LLC |
|---|---|
| Parcel ID | 0233180408 |
| Short ID | 546660 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 24,837 SF |
| Land SF | 144,226 SF |
| Acres | 3.311 |
| Year Built | 2005 |
| Legal | LOT 1 & 2 WAL-MART AT NORWOOD PARK SUBD RESUB OF LOTS 1A,1B & 1C & LOT 2 REPLAT OF NORWOOD PARK |
| Neighborhood | 43NEA |
| Land | $1,874,938 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,874,938 |
| Improvement | $3,665,062 |
|---|---|
| Total Improvement | $3,665,062 |
| Market | $5,540,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,540,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,540,000 |
| Taxable Value | $5,540,000 |
|---|
Appreciation: Market value has risen +3.6% from $5,345,500 (2021) to $5,540,000 (2025), a CAGR of 0.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $113,375. 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 34% of market value ($1,874,938 land vs $3,665,062 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,540,000, 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 +0.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,793,107 by 2030, with an estimated annual tax burden around $109,127. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 80,000 SF | ✗ |
| 1ST | 1st Floor | 24,837 SF | ✓ |
| 611 | TERRACE | 1,778 SF | ✗ |
| 501 | CANOPY | 1,708 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% | $51,256.08 | $51,256.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $29,030.54 | $29,030.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,821.81 | $20,821.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,538.47 | $6,538.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,728.36 | $5,728.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $113,375.26 | $113,375.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,725,548 | $5,540,000 | +3.3% |
| Assessed Value | $5,725,548 | $5,540,000 | +3.3% |
| Land Value | $1,874,938 | $1,874,938 | +0.0% |
| Improvement Value | $3,850,610 | $3,665,062 | +5.1% |
| Taxable Value | $5,725,548 | $5,540,000 | +3.3% |
| Total Tax 2026 = estimate |
~$117,172
Estimated
|
~$113,375
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,725,548 | $5,725,548 | +0 (+0.0%) |
| Taxable Value | $5,725,548 | $5,725,548 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,725,548 | $1,874,938 | $3,850,610 | — | $5,725,548 | $5,725,548 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,540,000 | $1,874,938 | $3,665,062 | — | $5,540,000 | $5,540,000 | ~$113,375 | Partial |
| 2024 | $5,821,397 | — | — | −$3,946,459 | $1,874,938 | $— | $119,061 | Verified |
| 2023 | $5,362,247 | — | — | −$3,487,309 | $1,874,938 | $— | $105,323 | Verified |
| 2022 | $5,275,336 | — | — | −$3,400,398 | $1,874,938 | $— | $105,900 | Verified |
| 2021 | $5,345,500 | — | — | −$3,903,240 | $1,442,260 | $— | $114,827 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | -7.8% | -7.8% | ~100% | Not available | Partial |
| 2024 | +3.2% | +3.2% | ~100% | 1.9800% | Verified |
| 2023 | +8.6% | +8.6% | ~100% | 1.8100% | Verified |
| 2022 | +1.6% | +1.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | +1.5% | +0.2% | +8.6% | 2024 | -4.8% | 2025 |
| Assessment Ratio | 100.0% | 54.9% | — | 100.0% | 2025 | 27.0% | 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 |
$113,375 | $111,697 | ~$110,874 | $119,061 | 2024 | $105,323 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,589,721 | ~$5,589,721 | ~2.0139% | ~$112,573 | +0.9% |
| 2027 | ~$5,639,888 | ~$5,639,888 | ~1.9814% | ~$111,748 | +1.8% |
| 2028 | ~$5,690,505 | ~$5,690,505 | ~1.9488% | ~$110,899 | +2.7% |
| 2029 | ~$5,741,577 | ~$5,741,577 | ~1.9163% | ~$110,025 | +3.6% |
| 2030 | ~$5,793,107 | ~$5,793,107 | ~1.8837% | ~$109,127 | +4.6% |
| 2026 | ~$5,478,921 | ~$5,478,921 | ~2.0465% | ~$112,125 | -1.1% |
| 2027 | ~$5,418,515 | ~$5,418,515 | ~2.0465% | ~$110,889 | -2.2% |
| 2028 | ~$5,358,775 | ~$5,358,775 | ~2.0465% | ~$109,667 | -3.3% |
| 2029 | ~$5,299,694 | ~$5,299,694 | ~2.0465% | ~$108,457 | -4.3% |
| 2030 | ~$5,241,265 | ~$5,241,265 | ~2.0465% | ~$107,262 | -5.4% |
| 2026 | ~$5,700,521 | ~$5,700,521 | ~1.9977% | ~$113,877 | +2.9% |
| 2027 | ~$5,865,693 | ~$5,865,693 | ~1.9488% | ~$114,313 | +5.9% |
| 2028 | ~$6,035,651 | ~$6,035,651 | ~1.9000% | ~$114,678 | +8.9% |
| 2029 | ~$6,210,533 | ~$6,210,533 | ~1.8512% | ~$114,969 | +12.1% |
| 2030 | ~$6,390,482 | ~$6,390,482 | ~1.8024% | ~$115,180 | +15.4% |
In 2025, this property's market value of $5,540,000 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 | $5,540,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,821,397 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,362,247 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,275,336 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,345,500 | $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.