10500 METROPOLITAN DR TX 78758
| Owner | FERGUSON ENTERPRISES LLC |
|---|---|
| Parcel ID | 0248100504 |
| Short ID | 255070 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 10,350 SF |
| Land SF | 128,938 SF |
| Acres | 2.960 |
| Year Built | 1977 |
| Legal | LOT 5 RUTLAND DRIVE BUSINESS PARK SEC 4 |
| Neighborhood | 61NOR |
| Land | $8,380,970 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,380,970 |
| Improvement | $443,147 |
|---|---|
| Total Improvement | $443,147 |
| Market | $8,824,117 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,824,117 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,824,117 |
| Taxable Value | $8,824,117 |
|---|
Appreciation: Market value has risen +249.6% from $2,523,998 (2021) to $8,824,117 (2025), a CAGR of 36.7% 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 $180,584. 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 ($8,380,970 land vs $443,147 improvements), about $65/SF of land. With value concentrated in the land under a ~49-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 $8,824,117, 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 +36.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $42,184,128 by 2030, with an estimated annual tax burden around $267,705. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 80,896 SF | ✗ |
| 1ST | 1st Floor | 10,350 SF | ✓ |
| 881 | COMMCL FINISHOUT | 7,760 SF | ✓ |
| 328 | MEZZ COMM (STG) | 2,950 SF | ✓ |
| 407 | LOADING DOCK | 1,200 SF | ✓ |
| 541 | FENCE COMM LF | 1,140 SF | ✗ |
| 501 | CANOPY | 616 SF | ✗ |
Market value changed by 85% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $69,704.57 | $69,704.57 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $39,479.44 | $39,479.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,316.16 | $28,316.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,891.85 | $8,891.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,790.16 | $7,790.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $154,182.18 | $154,182.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,534,000 | $8,824,117 | -14.6% |
| Assessed Value | $7,534,000 | $8,824,117 | -14.6% |
| Land Value | $8,380,970 | $8,380,970 | +0.0% |
| Improvement Value | — | $443,147 | — |
| Taxable Value | $7,534,000 | $8,824,117 | -14.6% |
| Total Tax 2026 = estimate |
~$154,182
Estimated
|
~$154,182
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,623,841 | $7,534,000 | -2,089,841 (-21.7%) |
| Taxable Value | $9,623,841 | $7,534,000 | -2,089,841 (-21.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,534,000 | $8,380,970 | — | — | $7,534,000 | $7,534,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,824,117 | $8,380,970 | $443,147 | — | $8,824,117 | $8,824,117 | ~$154,182 | Partial |
| 2024 | $9,123,985 | — | — | −$743,015 | $8,380,970 | $— | $154,491 | Verified |
| 2023 | $4,605,830 | — | — | — | $8,380,970 ! | $— | $165,075 | Verified |
| 2022 | $2,486,300 | — | — | — | $4,512,830 ! | $— | $90,962 | Verified |
| 2021 | $2,523,998 | — | — | −$589,928 | $1,934,070 | $— | $54,119 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.1% | +9.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -3.3% | -3.3% | ~100% | 1.7500% | Verified |
| 2023 | +98.1% ! | +98.1% | ~100% | 1.8100% | Verified |
| 2022 | +85.2% ! | +85.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +254.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.6% | +32.8% | +41.4% | +98.1% | 2024 | -14.6% | 2026 |
| Assessment Ratio | 100.0% | 122.0% | — | 182.0% | 2023 | 76.6% | 2021 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$154,182 | $123,766 | ~$230,241 | $165,075 | 2023 | $54,119 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,066,097 | ~$9,706,529 | ~2.0139% | ~$195,483 | +36.7% |
| 2027 | ~$16,499,181 | ~$10,677,182 | ~1.9814% | ~$211,556 | +87.0% |
| 2028 | ~$22,560,979 | ~$11,744,900 | ~1.9488% | ~$228,889 | +155.7% |
| 2029 | ~$30,849,882 | ~$12,919,390 | ~1.9163% | ~$247,573 | +249.6% |
| 2030 | ~$42,184,128 | ~$14,211,329 | ~1.8837% | ~$267,705 | +378.1% |
| 2026 | ~$11,889,615 | ~$9,706,529 | ~2.0465% | ~$198,643 | +34.7% |
| 2027 | ~$16,020,067 | ~$10,677,182 | ~2.0465% | ~$218,507 | +81.5% |
| 2028 | ~$21,585,437 | ~$11,744,900 | ~2.0465% | ~$240,358 | +144.6% |
| 2029 | ~$29,084,217 | ~$12,919,390 | ~2.0465% | ~$264,393 | +229.6% |
| 2030 | ~$39,188,073 | ~$14,211,329 | ~2.0465% | ~$290,833 | +344.1% |
| 2026 | ~$12,242,580 | ~$9,706,529 | ~1.9977% | ~$193,904 | +38.7% |
| 2027 | ~$16,985,354 | ~$10,677,182 | ~1.9488% | ~$208,081 | +92.5% |
| 2028 | ~$23,565,480 | ~$11,744,900 | ~1.9000% | ~$223,155 | +167.1% |
| 2029 | ~$32,694,746 | ~$12,919,390 | ~1.8512% | ~$239,163 | +270.5% |
| 2030 | ~$45,360,689 | ~$14,211,329 | ~1.8024% | ~$256,141 | +414.1% |
In 2025, this property's market value of $8,824,117 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,824,117 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,123,985 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,605,830 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $2,486,300 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,523,998 | $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.