12234 N INTERSTATE HY 35 TX 78753
| Owner | GSL FUND 21 SUB N LLC |
|---|---|
| Parcel ID | 0256230204 |
| Short ID | 461059 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 194,700 SF |
| Land SF | 829,634 SF |
| Acres | 19.046 |
| Year Built | 1999 |
| Legal | LOT 1 BLK A LESS .3219AC PARK THIRTY-FIVE SEC IV |
| Neighborhood | 66NOR |
| Land | $12,444,510 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,444,510 |
| Improvement | $27,555,490 |
|---|---|
| Total Improvement | $27,555,490 |
| Market | $40,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $40,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $40,000,000 |
| Taxable Value | $40,000,000 |
|---|
Appreciation: Market value has risen +21.2% from $33,000,000 (2021) to $40,000,000 (2025), a CAGR of 4.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $891,274. Pflugerville ISD is the largest single contributor, at 49.7% 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 31% of market value ($12,444,510 land vs $27,555,490 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $40,000,000, 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 +4.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $50,873,610 by 2030, with an estimated annual tax burden around $958,811. 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 | 246,620 SF | ✗ |
| 1ST | 1st Floor | 194,700 SF | ✓ |
| 491 | SPRINKLER HEADS | 194,700 SF | ✗ |
| 881 | COMMCL FINISHOUT | 184,660 SF | ✓ |
| 501 | CANOPY | 10,040 SF | ✗ |
| 407 | LOADING DOCK | 600 SF | ✓ |
| 482 | LIGHT POLES | 23 SF | ✓ |
| 413 | STAIRWAY EXT | 2 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $408,999.55 | $408,999.55 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $193,624.28 | $193,624.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $138,874.73 | $138,874.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $43,609.50 | $43,609.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $38,206.30 | $38,206.30 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $823,314.36 | $823,314.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $40,700,000 | $40,000,000 | +1.8% |
| Assessed Value | $40,700,000 | $40,000,000 | +1.8% |
| Land Value | $12,372,795 | $12,444,510 | -0.6% |
| Improvement Value | $28,327,205 | $27,555,490 | +2.8% |
| Taxable Value | $40,700,000 | $40,000,000 | +1.8% |
| Total Tax 2026 = estimate |
~$906,871
Estimated
|
~$823,314
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $45,181,757 | $40,700,000 | -4,481,757 (-9.9%) |
| Taxable Value | $45,181,757 | $40,700,000 | -4,481,757 (-9.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $40,700,000 | $12,372,795 | $28,327,205 | — | $40,700,000 | $40,700,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $40,000,000 | $12,444,510 | $27,555,490 | — | $40,000,000 | $40,000,000 | ~$823,314 | Partial |
| 2024 | $39,300,000 | — | — | −$29,344,392 | $9,955,608 | $— | $837,298 | Verified |
| 2023 | $36,300,000 | — | — | −$26,344,392 | $9,955,608 | $— | $813,415 | Verified |
| 2022 | $32,000,000 | — | — | −$24,035,514 | $7,964,486 | $— | $814,181 | Verified |
| 2021 | $33,000,000 | — | — | −$25,035,514 | $7,964,486 | $— | $800,953 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.0% | +13.0% | ~100% | Not available | Partial |
| 2025 | -32.0% | -32.0% | ~100% | Not available | Partial |
| 2024 | +35.0% | +35.0% | ~100% | 1.4200% | Verified |
| 2023 | +20.1% | +20.1% | ~100% | 1.8700% | Verified |
| 2022 | +13.4% | +13.4% | ~100% | 2.2400% | Verified |
| 2021 | base year | — | ~100% | 2.4300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +4.5% | +4.6% | +13.4% | 2023 | -3.0% | 2022 |
| Assessment Ratio | 100.0% | 50.3% | — | 100.0% | 2025 | 24.1% | 2021 |
| Effective Tax Rate (2025) | 2.0600% | 2.0600% | — | 2.0600% | 2025 | 2.0600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$823,314 | $817,832 | ~$933,477 | $837,298 | 2024 | $800,953 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$41,970,728 | ~$41,970,728 | ~2.1595% | ~$906,352 | +4.9% |
| 2027 | ~$44,038,551 | ~$44,038,551 | ~2.0908% | ~$920,753 | +10.1% |
| 2028 | ~$46,208,251 | ~$46,208,251 | ~2.0221% | ~$934,372 | +15.5% |
| 2029 | ~$48,484,848 | ~$48,484,848 | ~1.9534% | ~$947,099 | +21.2% |
| 2030 | ~$50,873,610 | ~$50,873,610 | ~1.8847% | ~$958,811 | +27.2% |
| 2026 | ~$41,170,728 | ~$41,170,728 | ~2.2282% | ~$917,360 | +2.9% |
| 2027 | ~$42,375,721 | ~$42,375,721 | ~2.2282% | ~$944,209 | +5.9% |
| 2028 | ~$43,615,983 | ~$43,615,983 | ~2.2282% | ~$971,845 | +9.0% |
| 2029 | ~$44,892,544 | ~$44,892,544 | ~2.2282% | ~$1,000,289 | +12.2% |
| 2030 | ~$46,206,468 | ~$46,206,468 | ~2.2282% | ~$1,029,566 | +15.5% |
| 2026 | ~$42,770,728 | ~$42,770,728 | ~2.1251% | ~$908,937 | +6.9% |
| 2027 | ~$45,733,380 | ~$45,733,380 | ~2.0221% | ~$924,770 | +14.3% |
| 2028 | ~$48,901,249 | ~$48,901,249 | ~1.9190% | ~$938,435 | +22.3% |
| 2029 | ~$52,288,551 | ~$52,288,551 | ~1.8160% | ~$949,557 | +30.7% |
| 2030 | ~$55,910,485 | ~$55,910,485 | ~1.7129% | ~$957,717 | +39.8% |
In 2025, this property's market value of $40,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 28× 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 | $40,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $39,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $36,300,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $32,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $33,000,000 | $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.