2120 W BRAKER LN AUSTIN, TX 78756
| Owner | AGELLAN COMMERCIAL REIT U S LP |
|---|---|
| Parcel ID | 0253120102 |
| Short ID | 260123 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 45,913 SF |
| Land SF | 231,891 SF |
| Acres | 5.323 |
| Year Built | 1984 |
| Legal | LOT 3 * LESS 1298SQ FT LOT 4 BLK C KRAMER LANE 65 SEC 2 |
| Neighborhood | 66NOR |
| Land | $17,391,825 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,391,825 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $13,300,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,300,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,300,000 |
| Taxable Value | $13,300,000 |
|---|
Appreciation: Market value has risen +70.2% from $7,815,440 (2021) to $13,300,000 (2025), a CAGR of 14.2% 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 $272,183. 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 131% of market value ($17,391,825 land vs $0 improvements), about $75/SF of land. With value concentrated in the land under a ~42-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 $13,300,000, 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 +14.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $25,850,825 by 2030, with an estimated annual tax burden around $403,494. 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 | 100,310 SF | ✗ |
| 1ST | 1st Floor | 45,913 SF | ✓ |
| 881 | COMMCL FINISHOUT | 45,913 SF | ✓ |
| 501 | CANOPY | 2,870 SF | ✗ |
| 093 | HVAC COMMRCL SF | 2,130 SF | ✗ |
| 437 | FENCE MASON LF | 20 SF | ✗ |
| 413 | STAIRWAY EXT | 6 SF | ✓ |
| 482 | LIGHT POLES | 4 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% | $123,051.60 | $123,051.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $69,694.26 | $69,694.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $49,987.39 | $49,987.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,697.06 | $15,697.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,752.20 | $13,752.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $272,182.51 | $272,182.51 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,551,685 | $13,300,000 | -13.1% |
| Assessed Value | $11,551,685 | $13,300,000 | -13.1% |
| Land Value | $17,391,825 | $17,391,825 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $11,551,685 | $13,300,000 | -13.1% |
| Total Tax 2026 = estimate |
~$236,404
Estimated
|
~$272,183
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $18,127,056 | $11,551,685 | -6,575,371 (-36.3%) |
| Taxable Value | $18,127,056 | $11,551,685 | -6,575,371 (-36.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,551,685 | $17,391,825 | — | — | $11,551,685 | $11,551,685 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,300,000 | $17,391,825 | — | — | $13,300,000 | $13,300,000 | ~$272,183 | Partial |
| 2024 | $12,650,522 | — | — | — | $14,400,000 ! | $— | $285,381 | Verified |
| 2023 | $10,553,455 | — | — | — | $12,650,522 ! | $— | $228,879 | Verified |
| 2022 | $8,745,433 | — | — | −$4,107,613 | $4,637,820 | $— | $208,423 | Verified |
| 2021 | $7,815,440 | — | — | −$3,177,620 | $4,637,820 | $— | $190,360 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +36.3% | +36.3% | ~100% | Not available | Partial |
| 2025 | -7.6% | -7.6% | ~100% | Not available | Partial |
| 2024 | +13.8% | +13.8% | ~100% | 1.9800% | Verified |
| 2023 | +19.9% | +19.9% | ~100% | 1.8100% | Verified |
| 2022 | +20.7% | +20.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +52.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.1% | +8.9% | +17.7% | +20.7% | 2023 | -13.1% | 2026 |
| Assessment Ratio | 100.0% | 91.0% | — | 119.9% | 2023 | 53.0% | 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 |
$272,183 | $237,045 | ~$347,027 | $285,381 | 2024 | $190,360 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,190,644 | ~$14,630,000 | ~2.0139% | ~$294,639 | +14.2% |
| 2027 | ~$17,350,051 | ~$16,093,000 | ~1.9814% | ~$318,865 | +30.5% |
| 2028 | ~$19,816,424 | ~$17,702,300 | ~1.9488% | ~$344,989 | +49.0% |
| 2029 | ~$22,633,403 | ~$19,472,530 | ~1.9163% | ~$373,150 | +70.2% |
| 2030 | ~$25,850,825 | ~$21,419,783 | ~1.8837% | ~$403,494 | +94.4% |
| 2026 | ~$14,924,644 | ~$14,630,000 | ~2.0465% | ~$299,401 | +12.2% |
| 2027 | ~$16,747,745 | ~$16,093,000 | ~2.0465% | ~$329,341 | +25.9% |
| 2028 | ~$18,793,544 | ~$17,702,300 | ~2.0465% | ~$362,275 | +41.3% |
| 2029 | ~$21,089,245 | ~$19,472,530 | ~2.0465% | ~$398,502 | +58.6% |
| 2030 | ~$23,665,374 | ~$21,419,783 | ~2.0465% | ~$438,353 | +77.9% |
| 2026 | ~$15,456,644 | ~$14,630,000 | ~1.9977% | ~$292,258 | +16.2% |
| 2027 | ~$17,962,996 | ~$16,093,000 | ~1.9488% | ~$313,627 | +35.1% |
| 2028 | ~$20,875,763 | ~$17,702,300 | ~1.9000% | ~$336,347 | +57.0% |
| 2029 | ~$24,260,845 | ~$19,472,530 | ~1.8512% | ~$360,474 | +82.4% |
| 2030 | ~$28,194,831 | ~$21,419,783 | ~1.8024% | ~$386,064 | +112.0% |
In 2025, this property's market value of $13,300,000 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 | $13,300,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $12,650,522 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $10,553,455 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,745,433 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $7,815,440 | $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.