15500 WELLS PORT DR TX 78728
| Owner | BRE JUPITER C2 ICON TX OWNER LP |
|---|---|
| Parcel ID | 0276200201 |
| Short ID | 278365 |
| Type | Real |
| Use Code | 64 Industrial 20K+ SF (25–49%) |
| Valuation | Cost |
| Improvement SF | 85,374 SF |
| Land SF | 243,065 SF |
| Acres | 5.580 |
| Year Built | 1998 |
| Legal | LOT 4 BLK B VISTA BUSINESS PARK SEC I |
| Neighborhood | 64FNOR |
| Land | $729,195 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $729,195 |
| Improvement | $21,770,805 |
|---|---|
| Total Improvement | $21,770,805 |
| Market | $22,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $22,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $22,500,000 |
| Taxable Value | $22,500,000 |
|---|
Appreciation: Market value has risen +41.4% from $15,912,509 (2021) to $22,500,000 (2025), a CAGR of 9.0% 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 6 taxing entities is 1.6136% in 2025 (+0.0359% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $363,067. Round Rock ISD is the largest single contributor, at 55.3% 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 3% of market value ($729,195 land vs $21,770,805 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $22,500,000, 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 +9.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $34,692,639 by 2030, with an estimated annual tax burden around $460,528. 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 103,885 SF | ✗ |
| 551 | PAVED AREA | 90,760 SF | ✗ |
| 1ST | 1st Floor | 85,374 SF | ✓ |
| 093 | HVAC COMMRCL SF | 65,200 SF | ✗ |
| 881 | COMMCL FINISHOUT | 37,022 SF | ✓ |
| MEZZ | Mezzanine | 18,511 SF | ✓ |
| 501 | CANOPY | 757 SF | ✗ |
| 482 | LIGHT POLES | 6 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $184,871.70 | $184,871.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $77,799.92 | $77,799.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $24,430.76 | $24,430.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $21,403.80 | $21,403.80 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $19,202.36 | $19,202.36 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $6,313.50 | $6,313.50 | Paid |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $334,022.04 | $334,022.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $23,200,000 | $22,500,000 | +3.1% |
| Assessed Value | $23,200,000 | $22,500,000 | +3.1% |
| Land Value | $729,195 | $729,195 | +0.0% |
| Improvement Value | $22,470,805 | $21,770,805 | +3.2% |
| Taxable Value | $23,200,000 | $22,500,000 | +3.1% |
| Total Tax 2026 = estimate |
~$374,363
Estimated
|
~$334,022
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $23,200,000 | $23,200,000 | +0 (+0.0%) |
| Taxable Value | $23,200,000 | $23,200,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $23,200,000 | $729,195 | $22,470,805 | — | $23,200,000 | $23,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $22,500,000 | $729,195 | $21,770,805 | — | $22,500,000 | $22,500,000 | ~$334,022 | Partial |
| 2024 | $16,590,000 | — | — | −$15,860,805 | $729,195 | $— | $303,011 | Verified |
| 2023 | $15,800,000 | — | — | −$15,070,805 | $729,195 | $— | $257,098 | Verified |
| 2022 | $17,485,491 | — | — | −$16,756,296 | $729,195 | $— | $269,547 | Verified |
| 2021 | $15,912,509 | — | — | −$15,183,314 | $729,195 | $— | $250,583 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2025 | +6.1% | +6.1% | ~100% | Not available | Partial |
| 2024 | -4.7% | -4.7% | ~100% | 1.4300% | Verified |
| 2023 | +9.2% | +9.2% | ~100% | 1.1500% | Verified |
| 2022 | +16.6% | +16.6% | ~100% | 1.3200% | Verified |
| 2021 | base year | — | ~100% | 1.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +28.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.1% | +8.8% | +8.4% | +35.6% | 2025 | -9.6% | 2023 |
| Assessment Ratio | 100.0% | 36.3% | — | 100.0% | 2025 | 4.2% | 2022 |
| Effective Tax Rate (2025) | 1.4800% | 1.4800% | — | 1.4800% | 2025 | 1.4800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$334,022 | $282,852 | ~$420,943 | $334,022 | 2025 | $250,583 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$24,535,419 | ~$24,535,419 | ~1.5564% | ~$381,868 | +9.0% |
| 2027 | ~$26,754,969 | ~$26,754,969 | ~1.4992% | ~$401,100 | +18.9% |
| 2028 | ~$29,175,305 | ~$29,175,305 | ~1.4419% | ~$420,686 | +29.7% |
| 2029 | ~$31,814,593 | ~$31,814,593 | ~1.3847% | ~$440,533 | +41.4% |
| 2030 | ~$34,692,639 | ~$34,692,639 | ~1.3275% | ~$460,528 | +54.2% |
| 2026 | ~$24,085,419 | ~$24,085,419 | ~1.6136% | ~$388,650 | +7.0% |
| 2027 | ~$25,782,552 | ~$25,782,552 | ~1.6136% | ~$416,036 | +14.6% |
| 2028 | ~$27,599,270 | ~$27,599,270 | ~1.6136% | ~$445,351 | +22.7% |
| 2029 | ~$29,543,999 | ~$29,543,999 | ~1.6136% | ~$476,732 | +31.3% |
| 2030 | ~$31,625,760 | ~$31,625,760 | ~1.6136% | ~$510,324 | +40.6% |
| 2026 | ~$24,985,419 | ~$24,750,000 | ~1.5278% | ~$378,125 | +11.0% |
| 2027 | ~$27,745,385 | ~$27,225,000 | ~1.4419% | ~$392,564 | +23.3% |
| 2028 | ~$30,810,226 | ~$29,947,500 | ~1.3561% | ~$406,109 | +36.9% |
| 2029 | ~$34,213,618 | ~$32,942,250 | ~1.2702% | ~$418,437 | +52.1% |
| 2030 | ~$37,992,960 | ~$36,236,475 | ~1.1844% | ~$429,170 | +68.9% |
In 2025, this property's market value of $22,500,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 16× 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 | $22,500,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $16,590,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $15,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $17,485,491 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $15,912,509 | $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.