10220 METROPOLITAN DR TX 78758
| Owner | HPI-RR RUT 1 & 2 LLC |
|---|---|
| Parcel ID | 0248100501 |
| Short ID | 255067 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 72,000 SF |
| Land SF | 147,189 SF |
| Acres | 3.379 |
| Year Built | 1974 |
| Legal | LOT 3-A * RESUB OF LOT 3 RUTLAND DRIVE BUSINESS PARK SEC 1 |
| Neighborhood | 60NOR |
| Land | $9,567,285 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,567,285 |
| Improvement | $3,332,715 |
|---|---|
| Total Improvement | $3,332,715 |
| Market | $12,900,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,900,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,900,000 |
| Taxable Value | $12,900,000 |
|---|
Appreciation: Market value has risen +61.3% from $8,000,000 (2021) to $12,900,000 (2025), a CAGR of 12.7% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $263,997. 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 74% of market value ($9,567,285 land vs $3,332,715 improvements), about $65/SF of land. With value concentrated in the land under a ~52-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 $12,900,000, 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 $23,440,365 by 2030, with an estimated annual tax burden around $391,358. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 72,000 SF | ✓ |
| 551 | PAVED AREA | 34,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 9,600 SF | ✗ |
| 093 | HVAC COMMRCL SF | 5,850 SF | ✗ |
| 881 | COMMCL FINISHOUT | 4,694 SF | ✓ |
| 408 | LOADING RAMP | 1,072 SF | ✓ |
| 501 | CANOPY | 120 SF | ✗ |
| 413 | STAIRWAY EXT | 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% | $119,350.80 | $119,350.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $67,598.19 | $67,598.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $48,484.01 | $48,484.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,224.97 | $15,224.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,338.60 | $13,338.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $263,996.57 | $263,996.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,800,000 | $12,900,000 | -0.8% |
| Assessed Value | $12,800,000 | $12,900,000 | -0.8% |
| Land Value | $9,567,285 | $9,567,285 | +0.0% |
| Improvement Value | $3,232,715 | $3,332,715 | -3.0% |
| Taxable Value | $12,800,000 | $12,900,000 | -0.8% |
| Total Tax 2026 = estimate |
~$261,950
Estimated
|
~$263,997
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,207,936 | $12,800,000 | -1,407,936 (-9.9%) |
| Taxable Value | $14,207,936 | $12,800,000 | -1,407,936 (-9.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,800,000 | $9,567,285 | $3,232,715 | — | $12,800,000 | $12,800,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,900,000 | $9,567,285 | $3,332,715 | — | $12,900,000 | $12,900,000 | ~$263,997 | Partial |
| 2024 | $9,800,000 | — | — | −$232,715 | $9,567,285 | $— | $261,936 | Verified |
| 2023 | $9,670,000 | — | — | −$102,715 | $9,567,285 | $— | $177,744 | Verified |
| 2022 | $8,900,000 | — | — | −$3,748,385 | $5,151,615 | $— | $191,301 | Verified |
| 2021 | $8,000,000 | — | — | −$5,792,165 | $2,207,835 | $— | $168,862 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.1% | +10.1% | ~100% | Not available | Partial |
| 2025 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2024 | +29.0% | +29.0% | ~100% | 1.9800% | Verified |
| 2023 | +2.4% | +2.4% | ~100% | 1.7400% | Verified |
| 2022 | +12.4% | +12.4% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.8% | +10.4% | +12.9% | +31.6% | 2025 | -0.8% | 2026 |
| Assessment Ratio | 100.0% | 80.3% | — | 100.0% | 2025 | 27.6% | 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 |
$263,997 | $212,768 | ~$336,591 | $263,997 | 2025 | $168,862 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$14,536,660 | ~$14,190,000 | ~2.0139% | ~$285,778 | +12.7% |
| 2027 | ~$16,380,968 | ~$15,609,000 | ~1.9814% | ~$309,275 | +27.0% |
| 2028 | ~$18,459,269 | ~$17,169,900 | ~1.9488% | ~$334,614 | +43.1% |
| 2029 | ~$20,801,250 | ~$18,886,890 | ~1.9163% | ~$361,928 | +61.3% |
| 2030 | ~$23,440,365 | ~$20,775,579 | ~1.8837% | ~$391,358 | +81.7% |
| 2026 | ~$14,278,660 | ~$14,190,000 | ~2.0465% | ~$290,396 | +10.7% |
| 2027 | ~$15,804,662 | ~$15,609,000 | ~2.0465% | ~$319,436 | +22.5% |
| 2028 | ~$17,493,752 | ~$17,169,900 | ~2.0465% | ~$351,379 | +35.6% |
| 2029 | ~$19,363,360 | ~$18,886,890 | ~2.0465% | ~$386,517 | +50.1% |
| 2030 | ~$21,432,778 | ~$20,775,579 | ~2.0465% | ~$425,169 | +66.1% |
| 2026 | ~$14,794,660 | ~$14,190,000 | ~1.9977% | ~$283,468 | +14.7% |
| 2027 | ~$16,967,595 | ~$15,609,000 | ~1.9488% | ~$304,194 | +31.5% |
| 2028 | ~$19,459,674 | ~$17,169,900 | ~1.9000% | ~$326,231 | +50.9% |
| 2029 | ~$22,317,773 | ~$18,886,890 | ~1.8512% | ~$349,633 | +73.0% |
| 2030 | ~$25,595,649 | ~$20,775,579 | ~1.8024% | ~$374,453 | +98.4% |
In 2025, this property's market value of $12,900,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $12,900,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,800,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,670,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,900,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,000,000 | $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.