2804 LONGHORN BLVD TX 78758
| Owner | BRE JUPITER C2 ICON TX OWNER LP |
|---|---|
| Parcel ID | 0247070613 |
| Short ID | 254007 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 39,010 SF |
| Land SF | 125,766 SF |
| Acres | 2.887 |
| Year Built | 1975 |
| Legal | LOT 2 BLK B *RESUB OF INDUSTRIAL TERRACE SEC 3 |
| Neighborhood | 66NOR |
| Land | $1,257,660 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,257,660 |
| Improvement | $8,842,340 |
|---|---|
| Total Improvement | $8,842,340 |
| Market | $10,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,100,000 |
| Taxable Value | $10,100,000 |
|---|
Appreciation: Market value has risen +61.0% from $6,272,896 (2021) to $10,100,000 (2025), a CAGR of 12.6% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $206,695. 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 12% of market value ($1,257,660 land vs $8,842,340 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~51 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,100,000, 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 +12.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,318,419 by 2030, with an estimated annual tax burden around $306,412. 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 | 63,700 SF | ✗ |
| 1ST | 1st Floor | 39,010 SF | ✓ |
| 881 | COMMCL FINISHOUT | 30,300 SF | ✓ |
| 093 | HVAC COMMRCL SF | 5,649 SF | ✗ |
| 501 | CANOPY | 2,418 SF | ✗ |
| 282 | LIGHT POLES FV | 1 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% | $93,445.20 | $93,445.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,925.72 | $52,925.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,960.35 | $37,960.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,920.32 | $11,920.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,443.40 | $10,443.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $206,694.99 | $206,694.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,690,228 | $10,100,000 | -4.1% |
| Assessed Value | $9,690,228 | $10,100,000 | -4.1% |
| Land Value | $1,257,660 | $1,257,660 | +0.0% |
| Improvement Value | $8,432,568 | $8,842,340 | -4.6% |
| Taxable Value | $9,690,228 | $10,100,000 | -4.1% |
| Total Tax 2026 = estimate |
~$198,309
Estimated
|
~$206,695
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,690,228 | $9,690,228 | +0 (+0.0%) |
| Taxable Value | $9,690,228 | $9,690,228 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,690,228 | $1,257,660 | $8,432,568 | — | $9,690,228 | $9,690,228 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,100,000 | $1,257,660 | $8,842,340 | — | $10,100,000 | $10,100,000 | ~$206,695 | Partial |
| 2024 | $9,636,463 | — | — | −$8,378,803 | $1,257,660 | $— | $175,949 | Verified |
| 2023 | $6,550,000 | — | — | −$5,292,340 | $1,257,660 | $— | $143,958 | Verified |
| 2022 | $7,492,365 | — | — | −$6,234,705 | $1,257,660 | $— | $131,085 | Verified |
| 2021 | $6,272,896 | — | — | −$5,015,236 | $1,257,660 | $— | $136,308 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +4.8% | +4.8% | ~100% | 1.7400% | Verified |
| 2023 | +16.1% | +16.1% | ~100% | 1.4900% | Verified |
| 2022 | +10.8% | +10.8% | ~100% | 1.5800% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.1% | +10.9% | +13.6% | +47.1% | 2024 | -12.6% | 2023 |
| Assessment Ratio | 100.0% | 44.9% | — | 100.0% | 2025 | 13.1% | 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 |
$206,695 | $158,799 | ~$263,532 | $206,695 | 2025 | $131,085 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,377,182 | ~$11,110,000 | ~2.0139% | ~$223,748 | +12.6% |
| 2027 | ~$12,815,868 | ~$12,221,000 | ~1.9814% | ~$242,145 | +26.9% |
| 2028 | ~$14,436,481 | ~$13,443,100 | ~1.9488% | ~$261,984 | +42.9% |
| 2029 | ~$16,262,026 | ~$14,787,410 | ~1.9163% | ~$283,370 | +61.0% |
| 2030 | ~$18,318,419 | ~$16,266,151 | ~1.8837% | ~$306,412 | +81.4% |
| 2026 | ~$11,175,182 | ~$11,110,000 | ~2.0465% | ~$227,364 | +10.6% |
| 2027 | ~$12,364,820 | ~$12,221,000 | ~2.0465% | ~$250,101 | +22.4% |
| 2028 | ~$13,681,101 | ~$13,443,100 | ~2.0465% | ~$275,111 | +35.5% |
| 2029 | ~$15,137,504 | ~$14,787,410 | ~2.0465% | ~$302,622 | +49.9% |
| 2030 | ~$16,748,946 | ~$16,266,151 | ~2.0465% | ~$332,884 | +65.8% |
| 2026 | ~$11,579,182 | ~$11,110,000 | ~1.9977% | ~$221,940 | +14.6% |
| 2027 | ~$13,274,995 | ~$12,221,000 | ~1.9488% | ~$238,168 | +31.4% |
| 2028 | ~$15,219,166 | ~$13,443,100 | ~1.9000% | ~$255,421 | +50.7% |
| 2029 | ~$17,448,069 | ~$14,787,410 | ~1.8512% | ~$273,744 | +72.8% |
| 2030 | ~$20,003,402 | ~$16,266,151 | ~1.8024% | ~$293,176 | +98.1% |
In 2025, this property's market value of $10,100,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,100,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,636,463 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,550,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,492,365 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,272,896 | $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.