10605 DELTA DR TX 78758
| Owner | CRP/AR PROSE DOMAIN OWNER LP |
|---|---|
| Parcel ID | 0250110210 |
| Short ID | 256592 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 203,954 SF |
| Acres | 4.682 |
| Year Built | — |
| Legal | LOT 10E KRAMER LANE INDUSTRIAL PARK II |
| Neighborhood | 60NOR |
| Land | $17,234,131 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,234,131 |
| Improvement | $63,975,869 |
|---|---|
| Total Improvement | $63,975,869 |
| Market | $81,210,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $81,210,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $81,210,000 |
| Taxable Value | $81,210,000 |
|---|
Appreciation: Market value has risen +844.3% from $8,600,000 (2021) to $81,210,000 (2025), a CAGR of 75.3% 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 Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family 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 $1,661,950. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 21% of market value ($17,234,131 land vs $63,975,869 improvements), about $85/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $81,210,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +75.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,344,306,611 by 2030, with an estimated annual tax burden around $2,463,738. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 521,820 SF | ✓ |
Market value changed by 194% in 2023, 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% | $684,648.00 | $684,648.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $387,772.58 | $387,772.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $278,125.30 | $278,125.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $87,337.02 | $87,337.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $76,516.00 | $76,516.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,514,398.90 | $1,514,398.90 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $76,000,000 | $81,210,000 | -6.4% |
| Assessed Value | $76,000,000 | $81,210,000 | -6.4% |
| Land Value | $14,576,690 | $17,234,131 | -15.4% |
| Improvement Value | $61,423,310 | $63,975,869 | -4.0% |
| Taxable Value | $76,000,000 | $81,210,000 | -6.4% |
| Total Tax 2026 = estimate |
~$1,555,329
Estimated
|
~$1,514,399
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $82,554,436 | $76,000,000 | -6,554,436 (-7.9%) |
| Taxable Value | $82,554,436 | $76,000,000 | -6,554,436 (-7.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $76,000,000 | $14,576,690 | $61,423,310 | — | $76,000,000 | $76,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $81,210,000 | $17,234,131 | $63,975,869 | — | $81,210,000 | $81,210,000 | ~$1,514,399 | Partial |
| 2024 | $26,509,034 | — | — | −$9,274,903 | $17,234,131 | $— | $874,324 | Verified |
| 2023 | $9,002,413 | — | — | — | $17,234,131 ! | $— | $479,614 | Verified |
| 2022 | $10,150,982 | — | — | −$3,012,585 | $7,138,397 | $— | $177,791 | Verified |
| 2021 | $8,600,000 | — | — | −$5,453,252 | $3,146,748 | $— | $220,954 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.7% | +1.7% | ~100% | Not available | Partial |
| 2025 | +84.1% ! | +84.1% | ~100% | Not available | Partial |
| 2024 | +66.4% | +66.4% | ~100% | 1.9800% | Verified |
| 2023 | +194.5% ! | +194.5% | ~100% | 1.8100% | Verified |
| 2022 | -11.3% | -11.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +700.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.4% | +80.2% | +77.7% | +206.3% | 2025 | -11.3% | 2023 |
| Assessment Ratio | 100.0% | 93.9% | — | 191.4% | 2023 | 36.6% | 2021 |
| Effective Tax Rate (2025) | 1.8600% | 1.8600% | — | 1.8600% | 2025 | 1.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,514,399 | $653,416 | ~$2,118,955 | $1,514,399 | 2025 | $177,791 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$142,359,769 | ~$89,331,000 | ~2.0139% | ~$1,799,070 | +75.3% |
| 2027 | ~$249,554,290 | ~$98,264,100 | ~1.9814% | ~$1,946,993 | +207.3% |
| 2028 | ~$437,464,489 | ~$108,090,510 | ~1.9488% | ~$2,106,511 | +438.7% |
| 2029 | ~$766,867,919 | ~$118,899,561 | ~1.9163% | ~$2,278,462 | +844.3% |
| 2030 | ~$1,344,306,611 | ~$130,789,517 | ~1.8837% | ~$2,463,738 | +1555.3% |
| 2026 | ~$140,735,569 | ~$89,331,000 | ~2.0465% | ~$1,828,146 | +73.3% |
| 2027 | ~$243,892,383 | ~$98,264,100 | ~2.0465% | ~$2,010,960 | +200.3% |
| 2028 | ~$422,661,413 | ~$108,090,510 | ~2.0465% | ~$2,212,056 | +420.5% |
| 2029 | ~$732,465,147 | ~$118,899,561 | ~2.0465% | ~$2,433,262 | +801.9% |
| 2030 | ~$1,269,349,827 | ~$130,789,517 | ~2.0465% | ~$2,676,588 | +1463.0% |
| 2026 | ~$143,983,969 | ~$89,331,000 | ~1.9977% | ~$1,784,532 | +77.3% |
| 2027 | ~$255,281,165 | ~$98,264,100 | ~1.9488% | ~$1,915,010 | +214.3% |
| 2028 | ~$452,609,228 | ~$108,090,510 | ~1.9000% | ~$2,053,738 | +457.3% |
| 2029 | ~$802,468,577 | ~$118,899,561 | ~1.8512% | ~$2,201,062 | +888.1% |
| 2030 | ~$1,422,763,340 | ~$130,789,517 | ~1.8024% | ~$2,357,313 | +1652.0% |
In 2025, this property's market value of $81,210,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 156× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $81,210,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $26,509,034 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $9,002,413 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $10,150,982 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,600,000 | $300,453 | $376,850 | $539,896 | ↑ 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.