8788 RESEARCH BLVD TX 78758
| Owner | GRIFFITH & ROSE INVESTMENTS IN |
|---|---|
| Parcel ID | 0243100705 |
| Short ID | 248787 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 7,241 SF |
| Land SF | 21,605 SF |
| Acres | 0.496 |
| Year Built | 1972 |
| Legal | LOT 1 *LESS 3077SF NORTHGATE TERRACE ANNEX |
| Neighborhood | 83NOR |
| Land | $864,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,200 |
| Improvement | $222,139 |
|---|---|
| Total Improvement | $222,139 |
| Market | $1,086,339 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,086,339 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,086,339 |
| Taxable Value | $1,086,339 |
|---|
Appreciation: Market value has fallen -6.5% from $1,162,400 (2021) to $1,086,339 (2025), a CAGR of -1.7% over 4 years. Growth has been relatively flat for this asset class. 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 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 $22,232. 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 80% of market value ($864,200 land vs $222,139 improvements), about $40/SF of land. With value concentrated in the land under a ~54-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,086,339, 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 -1.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $998,223 by 2030, with an estimated annual tax burden around $18,804. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,123 SF | ✗ |
| 1ST | 1st Floor | 7,241 SF | ✓ |
| 591 | MASONRY TRIM SF | 3,290 SF | ✗ |
| SO | Sketch Only | 1,790 SF | ✗ |
| 611 | TERRACE | 385 SF | ✗ |
| 328 | MEZZ COMM (STG) | 240 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% | $10,050.81 | $10,050.81 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,692.60 | $5,692.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,082.95 | $4,082.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,282.13 | $1,282.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,123.27 | $1,123.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,231.76 | $22,231.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,188,074 | $1,086,339 | +9.4% |
| Assessed Value | $1,188,074 | $1,086,339 | +9.4% |
| Land Value | $864,200 | $864,200 | +0.0% |
| Improvement Value | $323,874 | $222,139 | +45.8% |
| Taxable Value | $1,188,074 | $1,086,339 | +9.4% |
| Total Tax 2026 = estimate |
~$24,314
Estimated
|
~$22,232
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,188,074 | $1,188,074 | +0 (+0.0%) |
| Taxable Value | $1,188,074 | $1,188,074 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,188,074 | $864,200 | $323,874 | — | $1,188,074 | $1,188,074 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,086,339 | $864,200 | $222,139 | — | $1,086,339 | $1,086,339 | ~$22,232 | Partial |
| 2024 | $1,249,310 | — | — | −$385,110 | $864,200 | $— | $20,182 | Verified |
| 2023 | $1,242,439 | — | — | −$594,289 | $648,150 | $— | $22,603 | Verified |
| 2022 | $1,242,439 | — | — | −$594,289 | $648,150 | $— | $24,537 | Verified |
| 2021 | $1,162,400 | — | — | −$514,250 | $648,150 | $— | $27,044 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.4% | +9.4% | ~100% | Not available | Partial |
| 2025 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2024 | -18.5% | -18.5% | ~100% | 1.9800% | Verified |
| 2023 | +0.6% | +0.6% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -12.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.4% | +0.8% | -3.4% | +9.4% | 2026 | -13.0% | 2025 |
| Assessment Ratio | 100.0% | 71.6% | — | 100.0% | 2025 | 52.2% | 2022 |
| 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 |
$22,232 | $23,320 | ~$20,140 | $27,044 | 2021 | $20,182 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,068,115 | ~$1,068,115 | ~2.0139% | ~$21,511 | -1.7% |
| 2027 | ~$1,050,196 | ~$1,050,196 | ~1.9814% | ~$20,808 | -3.3% |
| 2028 | ~$1,032,578 | ~$1,032,578 | ~1.9488% | ~$20,123 | -4.9% |
| 2029 | ~$1,015,255 | ~$1,015,255 | ~1.9163% | ~$19,455 | -6.5% |
| 2030 | ~$998,223 | ~$998,223 | ~1.8837% | ~$18,804 | -8.1% |
| 2026 | ~$1,046,388 | ~$1,046,388 | ~2.0465% | ~$21,414 | -3.7% |
| 2027 | ~$1,007,906 | ~$1,007,906 | ~2.0465% | ~$20,627 | -7.2% |
| 2028 | ~$970,839 | ~$970,839 | ~2.0465% | ~$19,868 | -10.6% |
| 2029 | ~$935,135 | ~$935,135 | ~2.0465% | ~$19,137 | -13.9% |
| 2030 | ~$900,745 | ~$900,745 | ~2.0465% | ~$18,434 | -17.1% |
| 2026 | ~$1,089,841 | ~$1,089,841 | ~1.9977% | ~$21,771 | +0.3% |
| 2027 | ~$1,093,355 | ~$1,093,355 | ~1.9488% | ~$21,308 | +0.6% |
| 2028 | ~$1,096,880 | ~$1,096,880 | ~1.9000% | ~$20,841 | +1.0% |
| 2029 | ~$1,100,416 | ~$1,100,416 | ~1.8512% | ~$20,371 | +1.3% |
| 2030 | ~$1,103,964 | ~$1,103,964 | ~1.8024% | ~$19,898 | +1.6% |
In 2025, this property's market value of $1,086,339 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -23% 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 | $1,086,339 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,249,310 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,242,439 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,242,439 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,162,400 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.