10947 RESEARCH BLVD TX 78759
| Owner | WADE J L BUILDING INC |
|---|---|
| Parcel ID | 0256000102 |
| Short ID | 261435 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,215 SF |
| Land SF | 42,471 SF |
| Acres | 0.975 |
| Year Built | 1998 |
| Legal | LOT 4 * LESS W 67.57' BRADFORD ADDN |
| Neighborhood | 20NWE |
| Land | $1,061,775 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,061,775 |
| Improvement | $69,232 |
|---|---|
| Total Improvement | $69,232 |
| Market | $1,131,007 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,131,007 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,131,007 |
| Taxable Value | $1,131,007 |
|---|
Appreciation: Market value has fallen -9.4% from $1,248,571 (2021) to $1,131,007 (2025), a CAGR of -2.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 lagged 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 $23,146. 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 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 94% of market value ($1,061,775 land vs $69,232 improvements), about $25/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,131,007, this parcel sits in the lower-middle (25th–50th 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 -2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $999,494 by 2030, with an estimated annual tax burden around $18,828. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 30,000 SF | ✗ |
| 1ST | 1st Floor | 4,215 SF | ✓ |
| 501 | CANOPY | 378 SF | ✗ |
| 328 | MEZZ COMM (STG) | 350 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% | $10,464.08 | $10,464.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,926.67 | $5,926.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,250.83 | $4,250.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,334.85 | $1,334.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,169.46 | $1,169.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,145.89 | $23,145.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,135,000 | $1,131,007 | +0.4% |
| Assessed Value | $1,135,000 | $1,131,007 | +0.4% |
| Land Value | $1,061,775 | $1,061,775 | +0.0% |
| Improvement Value | $73,225 | $69,232 | +5.8% |
| Taxable Value | $1,135,000 | $1,131,007 | +0.4% |
| Total Tax 2026 = estimate |
~$23,228
Estimated
|
~$23,146
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,208,225 | $1,135,000 | -73,225 (-6.1%) |
| Taxable Value | $1,208,225 | $1,135,000 | -73,225 (-6.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,135,000 | $1,061,775 | $73,225 | — | $1,135,000 | $1,135,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,131,007 | $1,061,775 | $69,232 | — | $1,131,007 | $1,131,007 | ~$23,146 | Partial |
| 2024 | $1,204,610 | — | — | −$142,835 | $1,061,775 | $— | $22,416 | Verified |
| 2023 | $1,170,791 | — | — | −$109,016 | $1,061,775 | $— | $21,794 | Verified |
| 2022 | $1,108,910 | — | — | −$47,135 | $1,061,775 | $— | $23,122 | Verified |
| 2021 | $1,248,571 | — | — | −$186,796 | $1,061,775 | $— | $24,137 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.8% | +6.8% | ~100% | Not available | Partial |
| 2025 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2024 | -0.3% | -0.3% | ~100% | 1.8700% | Verified |
| 2023 | +2.9% | +2.9% | ~100% | 1.8100% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | -1.7% | -2.5% | +5.6% | 2023 | -11.2% | 2022 |
| Assessment Ratio | 100.0% | 93.2% | — | 100.0% | 2025 | 85.0% | 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 |
$23,146 | $22,923 | ~$20,496 | $24,137 | 2021 | $21,794 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,103,388 | ~$1,103,388 | ~2.0139% | ~$22,222 | -2.4% |
| 2027 | ~$1,076,444 | ~$1,076,444 | ~1.9814% | ~$21,329 | -4.8% |
| 2028 | ~$1,050,157 | ~$1,050,157 | ~1.9488% | ~$20,466 | -7.1% |
| 2029 | ~$1,024,513 | ~$1,024,513 | ~1.9163% | ~$19,633 | -9.4% |
| 2030 | ~$999,494 | ~$999,494 | ~1.8837% | ~$18,828 | -11.6% |
| 2026 | ~$1,080,768 | ~$1,080,768 | ~2.0465% | ~$22,118 | -4.4% |
| 2027 | ~$1,032,761 | ~$1,032,761 | ~2.0465% | ~$21,135 | -8.7% |
| 2028 | ~$986,886 | ~$986,886 | ~2.0465% | ~$20,196 | -12.7% |
| 2029 | ~$943,048 | ~$943,048 | ~2.0465% | ~$19,299 | -16.6% |
| 2030 | ~$901,158 | ~$901,158 | ~2.0465% | ~$18,442 | -20.3% |
| 2026 | ~$1,126,008 | ~$1,126,008 | ~1.9977% | ~$22,494 | -0.4% |
| 2027 | ~$1,121,032 | ~$1,121,032 | ~1.9488% | ~$21,847 | -0.9% |
| 2028 | ~$1,116,077 | ~$1,116,077 | ~1.9000% | ~$21,206 | -1.3% |
| 2029 | ~$1,111,144 | ~$1,111,144 | ~1.8512% | ~$20,569 | -1.8% |
| 2030 | ~$1,106,233 | ~$1,106,233 | ~1.8024% | ~$19,938 | -2.2% |
In 2025, this property's market value of $1,131,007 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -20% below 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 | $1,131,007 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,204,610 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,170,791 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,108,910 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,248,571 | $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.