2515 BROCKTON DR TX 78758
| Owner | BRE JUPITER B ICON TX OWNER LP |
|---|---|
| Parcel ID | 0254080301 |
| Short ID | 548008 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 66,284 SF |
| Land SF | 176,418 SF |
| Acres | 4.050 |
| Year Built | 1993 |
| Legal | LOT B LONGHORN BUSINESS PARK NO 2A AMENDED PLAT OF |
| Neighborhood | 60NOR |
| Land | $11,467,170 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,467,170 |
| Improvement | $732,830 |
|---|---|
| Total Improvement | $732,830 |
| Market | $12,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,200,000 |
| Taxable Value | $12,200,000 |
|---|
Appreciation: Market value has risen +49.6% from $8,154,000 (2021) to $12,200,000 (2025), a CAGR of 10.6% 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 $249,671. 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 94% of market value ($11,467,170 land vs $732,830 improvements), about $65/SF of land. With value concentrated in the land under a ~33-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 $12,200,000, 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 +10.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $20,188,137 by 2030, with an estimated annual tax burden around $370,122. 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 | 69,000 SF | ✗ |
| 1ST | 1st Floor | 66,284 SF | ✓ |
| 491 | SPRINKLER HEADS | 66,284 SF | ✗ |
| 093 | HVAC COMMRCL SF | 23,706 SF | ✗ |
| 881 | COMMCL FINISHOUT | 6,326 SF | ✓ |
| 408 | LOADING RAMP | 2,235 SF | ✓ |
| 501 | CANOPY | 1,017 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% | $112,874.40 | $112,874.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $63,930.07 | $63,930.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $45,853.09 | $45,853.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,398.81 | $14,398.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,614.80 | $12,614.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $249,671.17 | $249,671.17 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,277,000 | $12,200,000 | -7.6% |
| Assessed Value | $11,277,000 | $12,200,000 | -7.6% |
| Land Value | $11,467,170 | $11,467,170 | +0.0% |
| Improvement Value | — | $732,830 | — |
| Taxable Value | $11,277,000 | $12,200,000 | -7.6% |
| Total Tax 2026 = estimate |
~$230,782
Estimated
|
~$249,671
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $11,277,000 | $11,277,000 | +0 (+0.0%) |
| Taxable Value | $11,277,000 | $11,277,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,277,000 | $11,467,170 | — | — | $11,277,000 | $11,277,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,200,000 | $11,467,170 | $732,830 | — | $12,200,000 | $12,200,000 | ~$249,671 | Partial |
| 2024 | $11,972,200 | — | — | −$505,030 | $11,467,170 | $— | $236,700 | Verified |
| 2023 | $8,820,000 | — | — | — | $11,467,170 ! | $— | $199,976 | Verified |
| 2022 | $9,392,351 | — | — | −$5,863,991 | $3,528,360 | $— | $175,310 | Verified |
| 2021 | $8,154,000 | — | — | −$4,625,640 | $3,528,360 | $— | $178,701 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.6% | -7.6% | ~100% | Not available | Partial |
| 2025 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2024 | +13.5% | +13.5% | ~100% | 1.7400% | Verified |
| 2023 | +20.2% | +20.2% | ~100% | 1.6700% | Verified |
| 2022 | +6.0% | +6.0% | ~100% | 1.7600% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.6% | +7.8% | +12.4% | +35.7% | 2024 | -7.6% | 2026 |
| Assessment Ratio | 100.0% | 84.5% | — | 130.0% | 2023 | 37.6% | 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 |
$249,671 | $208,072 | ~$318,326 | $249,671 | 2025 | $175,310 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,492,956 | ~$13,420,000 | ~2.0139% | ~$270,270 | +10.6% |
| 2027 | ~$14,922,940 | ~$14,762,000 | ~1.9814% | ~$292,492 | +22.3% |
| 2028 | ~$16,504,473 | ~$16,238,200 | ~1.9488% | ~$316,456 | +35.3% |
| 2029 | ~$18,253,618 | ~$17,862,020 | ~1.9163% | ~$342,288 | +49.6% |
| 2030 | ~$20,188,137 | ~$19,648,222 | ~1.8837% | ~$370,122 | +65.5% |
| 2026 | ~$13,248,956 | ~$13,248,956 | ~2.0465% | ~$271,138 | +8.6% |
| 2027 | ~$14,388,102 | ~$14,388,102 | ~2.0465% | ~$294,450 | +17.9% |
| 2028 | ~$15,625,191 | ~$15,625,191 | ~2.0465% | ~$319,767 | +28.1% |
| 2029 | ~$16,968,645 | ~$16,968,645 | ~2.0465% | ~$347,261 | +39.1% |
| 2030 | ~$18,427,610 | ~$18,427,610 | ~2.0465% | ~$377,118 | +51.0% |
| 2026 | ~$13,736,956 | ~$13,420,000 | ~1.9977% | ~$268,086 | +12.6% |
| 2027 | ~$15,467,538 | ~$14,762,000 | ~1.9488% | ~$287,688 | +26.8% |
| 2028 | ~$17,416,139 | ~$16,238,200 | ~1.9000% | ~$308,529 | +42.8% |
| 2029 | ~$19,610,225 | ~$17,862,020 | ~1.8512% | ~$330,661 | +60.7% |
| 2030 | ~$22,080,721 | ~$19,648,222 | ~1.8024% | ~$354,134 | +81.0% |
In 2025, this property's market value of $12,200,000 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 | $12,200,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,972,200 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,820,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,392,351 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,154,000 | $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.