2700 GRACY FARMS LN TX 78758
| Owner | KREA LLC |
|---|---|
| Parcel ID | 0258100202 |
| Short ID | 548327 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 59,291 SF |
| Land SF | 133,729 SF |
| Acres | 3.070 |
| Year Built | 1998 |
| Legal | LOT 1 BLK A WALNUT CREEK CENTER SEC 1 RESUB OF LOT 1 (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37NO2 |
| Land | $4,011,870 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,011,870 |
| Improvement | $8,988,130 |
|---|---|
| Total Improvement | $8,988,130 |
| Market | $13,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,000,000 |
| Taxable Value | $13,000,000 |
|---|
Appreciation: Market value has risen +161.8% from $4,965,000 (2021) to $13,000,000 (2025), a CAGR of 27.2% 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 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 $266,043. 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 31% of market value ($4,011,870 land vs $8,988,130 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $13,000,000, 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 +27.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $43,298,562 by 2030, with an estimated annual tax burden around $394,392. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 60,084 SF | ✗ |
| SO | Sketch Only | 59,731 SF | ✗ |
| 551 | PAVED AREA | 44,500 SF | ✗ |
| 2ND | 2nd Floor | 29,723 SF | ✓ |
| 1ST | 1st Floor | 29,568 SF | ✓ |
| LOBBY | Lobby | 793 SF | ✓ |
| 501 | CANOPY | 320 SF | ✗ |
| 581C | STORAGE ATT COMM | 100 SF | ✓ |
| 482 | LIGHT POLES | 10 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
| MISC | Miscellaneous | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +6,034 |
| Travis County | 0.3444% | 0.3758% | +4,082 |
| Austin ISD | 0.9505% | 0.9252% | -3,289 |
| Travis Central Health | 0.1080% | 0.1180% | +1,307 |
| Austin Community College | 0.1013% | 0.1034% | +273 |
Market value changed by 160% in 2025, 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% | $120,276.00 | $58,056.30 | $62,219.70 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $68,122.21 | $32,882.07 | $35,240.14 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $48,859.85 | $23,584.27 | $25,275.58 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,342.99 | $7,405.94 | $7,937.05 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,442.00 | $6,488.35 | $6,953.65 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $266,043.05 | $128,416.93 | $137,626.12 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,275,000 | $13,000,000 | -51.7% |
| Assessed Value | $6,275,000 | $13,000,000 | -51.7% |
| Land Value | $4,011,870 | $4,011,870 | +0.0% |
| Improvement Value | $2,263,130 | $8,988,130 | -74.8% |
| Taxable Value | $6,275,000 | $13,000,000 | -51.7% |
| Total Tax 2026 = estimate |
~$128,417
Estimated
|
$266,043 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,564,532 | $6,275,000 | -6,289,532 (-50.1%) |
| Taxable Value | $12,564,532 | $6,275,000 | -6,289,532 (-50.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,275,000 | $4,011,870 | $2,263,130 | — | $6,275,000 | $6,275,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,000,000 | $4,011,870 | $8,988,130 | — | $13,000,000 | $13,000,000 | $266,043 | Verified |
| 2024 | $6,151,387 | — | — | −$2,139,517 | $4,011,870 | $— | $99,091 | Verified |
| 2023 | $4,910,000 | — | — | −$898,130 | $4,011,870 | $— | $111,294 | Verified |
| 2022 | $4,494,235 | — | — | −$482,365 | $4,011,870 | $— | $96,969 | Verified |
| 2021 | $4,965,000 | — | — | −$953,130 | $4,011,870 | $— | $97,825 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.3% | -3.3% | ~100% | Not available | Partial |
| 2025 | +160.0% ! | +160.0% | ~100% | 2.0500% | Verified |
| 2024 | -18.7% | -18.7% | ~100% | 1.9800% | Verified |
| 2023 | +25.3% | +25.3% | ~100% | 1.8100% | Verified |
| 2022 | +9.3% | +9.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +189.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -51.7% | +16.9% | +54.5% | +111.3% | 2025 | -51.7% | 2026 |
| Assessment Ratio | 100.0% | 86.2% | — | 100.0% | 2025 | 65.2% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $266,043 | $134,244 | ~$339,200 | $266,043 | 2025 | $96,969 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,536,720 | ~$14,300,000 | ~2.0139% | ~$287,993 | +27.2% |
| 2027 | ~$21,035,624 | ~$15,730,000 | ~1.9814% | ~$311,672 | +61.8% |
| 2028 | ~$26,758,479 | ~$17,303,000 | ~1.9488% | ~$337,208 | +105.8% |
| 2029 | ~$34,038,268 | ~$19,033,300 | ~1.9163% | ~$364,733 | +161.8% |
| 2030 | ~$43,298,562 | ~$20,936,630 | ~1.8837% | ~$394,392 | +233.1% |
| 2026 | ~$16,276,720 | ~$14,300,000 | ~2.0465% | ~$292,647 | +25.2% |
| 2027 | ~$20,379,355 | ~$15,730,000 | ~2.0465% | ~$321,912 | +56.8% |
| 2028 | ~$25,516,082 | ~$17,303,000 | ~2.0465% | ~$354,103 | +96.3% |
| 2029 | ~$31,947,548 | ~$19,033,300 | ~2.0465% | ~$389,514 | +145.8% |
| 2030 | ~$40,000,100 | ~$20,936,630 | ~2.0465% | ~$428,465 | +207.7% |
| 2026 | ~$16,796,720 | ~$14,300,000 | ~1.9977% | ~$285,666 | +29.2% |
| 2027 | ~$21,702,293 | ~$15,730,000 | ~1.9488% | ~$306,552 | +66.9% |
| 2028 | ~$28,040,565 | ~$17,303,000 | ~1.9000% | ~$328,760 | +115.7% |
| 2029 | ~$36,229,963 | ~$19,033,300 | ~1.8512% | ~$352,343 | +178.7% |
| 2030 | ~$46,811,119 | ~$20,936,630 | ~1.8024% | ~$377,356 | +260.1% |
In 2025, this property's market value of $13,000,000 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 | $13,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,151,387 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,910,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,494,235 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,965,000 | $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.