2251 PICADILLY DR TX 78660
| Owner | BIG BOX PROPERTY OWEN E LLC |
|---|---|
| Parcel ID | 0280260101 |
| Short ID | 463335 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 449,930 SF |
| Land SF | 1,474,898 SF |
| Acres | 33.859 |
| Year Built | 2008 |
| Legal | ABS 233 SUR 109 DRUMMOND W ACR 33.859 |
| Neighborhood | 60FNOR |
| Land | $14,748,980 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,748,980 |
| Improvement | $36,051,020 |
|---|---|
| Total Improvement | $36,051,020 |
| Market | $50,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,800,000 |
| Taxable Value | $50,800,000 |
|---|
Appreciation: Market value has risen +33.7% from $38,000,000 (2021) to $50,800,000 (2025), a CAGR of 7.5% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $819,726. 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 29% of market value ($14,748,980 land vs $36,051,020 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,800,000, 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 +7.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $73,023,704 by 2030, with an estimated annual tax burden around $969,354. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 673,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 450,015 SF | ✗ |
| 1ST | 1st Floor | 449,930 SF | ✓ |
| 881 | COMMCL FINISHOUT | 22,893 SF | ✓ |
| 408 | LOADING RAMP | 3,240 SF | ✓ |
| 501 | CANOPY | 2,243 SF | ✗ |
| 413 | STAIRWAY EXT | 30 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% | $453,694.80 | $453,694.80 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $190,929.26 | $190,929.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $59,955.68 | $59,955.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,527.20 | $52,527.20 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $47,124.62 | $47,124.62 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $15,494.00 | $15,494.00 | Paid |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $819,725.56 | $819,725.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $54,900,000 | $50,800,000 | +8.1% |
| Assessed Value | $54,900,000 | $50,800,000 | +8.1% |
| Land Value | $14,748,980 | $14,748,980 | +0.0% |
| Improvement Value | $40,151,020 | $36,051,020 | +11.4% |
| Taxable Value | $54,900,000 | $50,800,000 | +8.1% |
| Total Tax 2026 = estimate |
~$885,885
Estimated
|
~$819,726
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $56,529,983 | $54,900,000 | -1,629,983 (-2.9%) |
| Taxable Value | $56,529,983 | $54,900,000 | -1,629,983 (-2.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $54,900,000 | $14,748,980 | $40,151,020 | — | $54,900,000 | $54,900,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,800,000 | $14,748,980 | $36,051,020 | — | $50,800,000 | $50,800,000 | ~$819,726 | Partial |
| 2024 | $48,291,361 | — | — | −$33,542,381 | $14,748,980 | $— | $730,631 | Verified |
| 2023 | $42,017,588 | — | — | −$27,268,608 | $14,748,980 | $— | $702,465 | Verified |
| 2022 | $40,500,000 | — | — | −$25,751,020 | $14,748,980 | $— | $707,040 | Verified |
| 2021 | $38,000,000 | — | — | −$23,251,020 | $14,748,980 | $— | $728,719 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.3% | +11.3% | ~100% | Not available | Partial |
| 2025 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2024 | +6.0% | +6.0% | ~100% | 1.4300% | Verified |
| 2023 | +14.9% | +14.9% | ~100% | 1.4500% | Verified |
| 2022 | +3.7% | +3.7% | ~100% | 1.6800% | Verified |
| 2021 | base year | — | ~100% | 1.9200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.1% | +7.7% | +5.9% | +14.9% | 2024 | +3.7% | 2023 |
| Assessment Ratio | 100.0% | 56.8% | — | 100.0% | 2025 | 30.5% | 2024 |
| Effective Tax Rate (2025) | 1.6100% | 1.6100% | — | 1.6100% | 2025 | 1.6100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$819,726 | $737,716 | ~$910,222 | $819,726 | 2025 | $702,465 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$54,624,030 | ~$54,624,030 | ~1.5564% | ~$850,166 | +7.5% |
| 2027 | ~$58,735,919 | ~$58,735,919 | ~1.4992% | ~$880,545 | +15.6% |
| 2028 | ~$63,157,335 | ~$63,157,335 | ~1.4419% | ~$910,680 | +24.3% |
| 2029 | ~$67,911,579 | ~$67,911,579 | ~1.3847% | ~$940,363 | +33.7% |
| 2030 | ~$73,023,704 | ~$73,023,704 | ~1.3275% | ~$969,354 | +43.7% |
| 2026 | ~$53,608,030 | ~$53,608,030 | ~1.6136% | ~$865,037 | +5.5% |
| 2027 | ~$56,571,278 | ~$56,571,278 | ~1.6136% | ~$912,853 | +11.4% |
| 2028 | ~$59,698,323 | ~$59,698,323 | ~1.6136% | ~$963,312 | +17.5% |
| 2029 | ~$62,998,218 | ~$62,998,218 | ~1.6136% | ~$1,016,560 | +24.0% |
| 2030 | ~$66,480,520 | ~$66,480,520 | ~1.6136% | ~$1,072,752 | +30.9% |
| 2026 | ~$55,640,030 | ~$55,640,030 | ~1.5278% | ~$850,056 | +9.5% |
| 2027 | ~$60,941,200 | ~$60,941,200 | ~1.4419% | ~$878,725 | +20.0% |
| 2028 | ~$66,747,446 | ~$66,747,446 | ~1.3561% | ~$905,141 | +31.4% |
| 2029 | ~$73,106,888 | ~$73,106,888 | ~1.2702% | ~$928,614 | +43.9% |
| 2030 | ~$80,072,234 | ~$80,072,234 | ~1.1844% | ~$948,343 | +57.6% |
In 2025, this property's market value of $50,800,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 36× 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 | $50,800,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $48,291,361 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $42,017,588 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $40,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $38,000,000 | $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.