2315 RUTLAND DR TX 78758
| Owner | BRE JUPITER C2 ICON TX OWNER LP |
|---|---|
| Parcel ID | 0248100201 |
| Short ID | 255059 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 79,567 SF |
| Land SF | 216,798 SF |
| Acres | 4.977 |
| Year Built | 1994 |
| Legal | LOT A ALAMO SUBD |
| Neighborhood | 60NOR |
| Land | $14,091,878 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,091,878 |
| Improvement | $708,122 |
|---|---|
| Total Improvement | $708,122 |
| Market | $14,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $14,800,000 |
| Taxable Value | $14,800,000 |
|---|
Appreciation: Market value has risen +60.0% from $9,249,164 (2021) to $14,800,000 (2025), a CAGR of 12.5% over 4 years. This is strong appreciation — well above typical inflation. 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 $302,880. 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 95% of market value ($14,091,878 land vs $708,122 improvements), about $65/SF of land. With value concentrated in the land under a ~32-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 $14,800,000, 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 +12.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $26,635,494 by 2030, with an estimated annual tax burden around $449,000. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 93,000 SF | ✗ |
| 1ST | 1st Floor | 79,567 SF | ✓ |
| 491 | SPRINKLER HEADS | 79,567 SF | ✗ |
| 881 | COMMCL FINISHOUT | 21,600 SF | ✓ |
| 093 | HVAC COMMRCL SF | 12,432 SF | ✗ |
| 408 | LOADING RAMP | 770 SF | ✓ |
| 541 | FENCE COMM LF | 500 SF | ✗ |
| 501 | CANOPY | 480 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% | $136,929.60 | $136,929.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $77,554.52 | $77,554.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $55,625.06 | $55,625.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $17,467.40 | $17,467.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $15,303.20 | $15,303.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $302,879.78 | $302,879.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $14,000,000 | $14,800,000 | -5.4% |
| Assessed Value | $14,000,000 | $14,800,000 | -5.4% |
| Land Value | $14,091,878 | $14,091,878 | +0.0% |
| Improvement Value | — | $708,122 | — |
| Taxable Value | $14,000,000 | $14,800,000 | -5.4% |
| Total Tax 2026 = estimate |
~$286,508
Estimated
|
~$302,880
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,000,000 | $14,000,000 | +0 (+0.0%) |
| Taxable Value | $14,000,000 | $14,000,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $14,000,000 | $14,091,878 | — | — | $14,000,000 | $14,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $14,800,000 | $14,091,878 | $708,122 | — | $14,800,000 | $14,800,000 | ~$302,880 | Partial |
| 2024 | $12,204,086 | — | — | — | $14,091,878 ! | $— | $259,922 | Verified |
| 2023 | $9,945,875 | — | — | — | $12,204,086 ! | $— | $204,583 | Verified |
| 2022 | $10,024,852 | — | — | −$3,520,908 | $6,503,944 | $— | $198,890 | Verified |
| 2021 | $9,249,164 | — | — | −$2,745,220 | $6,503,944 | $— | $200,087 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.4% | -5.4% | ~100% | Not available | Partial |
| 2025 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2024 | +22.3% | +22.3% | ~100% | 1.7400% | Verified |
| 2023 | -1.9% | -1.9% | ~100% | 1.6800% | Verified |
| 2022 | +24.1% | +24.1% | ~100% | 1.6000% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.4% | +9.2% | +13.8% | +22.7% | 2024 | -5.4% | 2026 |
| Assessment Ratio | 100.0% | 95.6% | — | 122.7% | 2023 | 64.9% | 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 |
$302,880 | $233,272 | ~$386,166 | $302,880 | 2025 | $198,890 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,645,679 | ~$16,280,000 | ~2.0139% | ~$327,869 | +12.5% |
| 2027 | ~$18,721,530 | ~$17,908,000 | ~1.9814% | ~$354,827 | +26.5% |
| 2028 | ~$21,056,256 | ~$19,698,800 | ~1.9488% | ~$383,898 | +42.3% |
| 2029 | ~$23,682,140 | ~$21,668,680 | ~1.9163% | ~$415,235 | +60.0% |
| 2030 | ~$26,635,494 | ~$23,835,548 | ~1.8837% | ~$449,000 | +80.0% |
| 2026 | ~$16,349,679 | ~$16,280,000 | ~2.0465% | ~$333,168 | +10.5% |
| 2027 | ~$18,061,623 | ~$17,908,000 | ~2.0465% | ~$366,485 | +22.0% |
| 2028 | ~$19,952,820 | ~$19,698,800 | ~2.0465% | ~$403,133 | +34.8% |
| 2029 | ~$22,042,041 | ~$21,668,680 | ~2.0465% | ~$443,446 | +48.9% |
| 2030 | ~$24,350,021 | ~$23,835,548 | ~2.0465% | ~$487,791 | +64.5% |
| 2026 | ~$16,941,679 | ~$16,280,000 | ~1.9977% | ~$325,219 | +14.5% |
| 2027 | ~$19,393,277 | ~$17,908,000 | ~1.9488% | ~$348,998 | +31.0% |
| 2028 | ~$22,199,641 | ~$19,698,800 | ~1.9000% | ~$374,280 | +50.0% |
| 2029 | ~$25,412,107 | ~$21,668,680 | ~1.8512% | ~$401,129 | +71.7% |
| 2030 | ~$29,089,444 | ~$23,835,548 | ~1.8024% | ~$429,605 | +96.6% |
In 2025, this property's market value of $14,800,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $14,800,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $12,204,086 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,945,875 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $10,024,852 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,249,164 | $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.