9218 RESEARCH BLVD TX 78758
| Owner | BROWN REAL ESTATE VENTURES 2 |
|---|---|
| Parcel ID | 0247050203 |
| Short ID | 253978 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 167,428 SF |
| Land SF | 407,289 SF |
| Acres | 9.350 |
| Year Built | 1972 |
| Legal | LOT 2 SECOND RESUB OF LT B CROW-BROWN ADDN |
| Neighborhood | 60NOR |
| Land | $20,893,926 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,893,926 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $20,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,600,000 |
| Taxable Value | $20,600,000 |
|---|
Appreciation: Market value has risen +29.6% from $15,896,791 (2021) to $20,600,000 (2025), a CAGR of 6.7% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $421,576. 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 101% of market value ($20,893,926 land vs $0 improvements), about $51/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 $20,600,000, 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 +6.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $28,481,602 by 2030, with an estimated annual tax burden around $536,520. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 167,428 SF | ✓ |
| 551 | PAVED AREA | 155,000 SF | ✗ |
| 093 | HVAC COMMRCL SF | 26,865 SF | ✗ |
| 881 | COMMCL FINISHOUT | 22,002 SF | ✓ |
| 272 | COLDSTG VAULT LG | 5,365 SF | ✓ |
| 328 | MEZZ COMM (STG) | 3,121 SF | ✓ |
| 501 | CANOPY | 1,591 SF | ✗ |
| 273 | COLDSTG VAULT SM | 1,512 SF | ✓ |
| 611 | TERRACE | 1,071 SF | ✗ |
| SO | Sketch Only | 620 SF | ✗ |
| 408 | LOADING RAMP | 330 SF | ✓ |
| 407 | LOADING DOCK | 130 SF | ✓ |
| 413 | STAIRWAY EXT | 2 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% | $190,591.20 | $190,591.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $107,947.50 | $107,947.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $77,424.07 | $77,424.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $24,312.74 | $24,312.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $21,300.40 | $21,300.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $421,575.91 | $421,575.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $20,600,000 | $20,600,000 | +0.0% |
| Assessed Value | $20,600,000 | $20,600,000 | +0.0% |
| Land Value | $20,893,926 | $20,893,926 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $20,600,000 | $20,600,000 | +0.0% |
| Total Tax 2026 = estimate |
~$421,576
Estimated
|
~$421,576
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $22,512,980 | $20,600,000 | -1,912,980 (-8.5%) |
| Taxable Value | $22,512,980 | $20,600,000 | -1,912,980 (-8.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $20,600,000 | $20,893,926 | — | — | $20,600,000 | $20,600,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,600,000 | $20,893,926 | — | — | $20,600,000 | $20,600,000 | ~$421,576 | Partial |
| 2024 | $18,928,466 | — | — | — | $19,200,000 ! | $— | $380,508 | Verified |
| 2023 | $18,038,000 | — | — | −$9,332,198 | $8,705,802 | $— | $342,463 | Verified |
| 2022 | $16,552,708 | — | — | −$7,846,906 | $8,705,802 | $— | $356,237 | Verified |
| 2021 | $15,896,791 | — | — | −$7,190,989 | $8,705,802 | $— | $360,299 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.3% | +9.3% | ~100% | Not available | Partial |
| 2025 | +7.3% | +7.3% | ~100% | Not available | Partial |
| 2024 | +1.4% | +1.4% | ~100% | 1.9800% | Verified |
| 2023 | +4.9% | +4.9% | ~100% | 1.8100% | Verified |
| 2022 | +9.0% | +9.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.4% | +6.7% | +9.0% | 2023 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 76.2% | — | 101.4% | 2024 | 48.3% | 2023 |
| 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 |
$421,576 | $372,217 | ~$488,589 | $421,576 | 2025 | $342,463 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$21,978,936 | ~$21,978,936 | ~2.0139% | ~$442,642 | +6.7% |
| 2027 | ~$23,450,176 | ~$23,450,176 | ~1.9814% | ~$464,639 | +13.8% |
| 2028 | ~$25,019,898 | ~$25,019,898 | ~1.9488% | ~$487,598 | +21.5% |
| 2029 | ~$26,694,696 | ~$26,694,696 | ~1.9163% | ~$511,548 | +29.6% |
| 2030 | ~$28,481,602 | ~$28,481,602 | ~1.8837% | ~$536,520 | +38.3% |
| 2026 | ~$21,566,936 | ~$21,566,936 | ~2.0465% | ~$441,364 | +4.7% |
| 2027 | ~$22,579,258 | ~$22,579,258 | ~2.0465% | ~$462,081 | +9.6% |
| 2028 | ~$23,639,098 | ~$23,639,098 | ~2.0465% | ~$483,771 | +14.8% |
| 2029 | ~$24,748,684 | ~$24,748,684 | ~2.0465% | ~$506,478 | +20.1% |
| 2030 | ~$25,910,354 | ~$25,910,354 | ~2.0465% | ~$530,252 | +25.8% |
| 2026 | ~$22,390,936 | ~$22,390,936 | ~1.9977% | ~$447,295 | +8.7% |
| 2027 | ~$24,337,573 | ~$24,337,573 | ~1.9488% | ~$474,300 | +18.1% |
| 2028 | ~$26,453,448 | ~$26,453,448 | ~1.9000% | ~$502,620 | +28.4% |
| 2029 | ~$28,753,275 | ~$28,753,275 | ~1.8512% | ~$532,279 | +39.6% |
| 2030 | ~$31,253,045 | ~$31,253,045 | ~1.8024% | ~$563,296 | +51.7% |
In 2025, this property's market value of $20,600,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 15× 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 | $20,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $18,928,466 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $18,038,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $16,552,708 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $15,896,791 | $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.