3500 WADLEY PL A TX 78728
| Owner | NLI 3500 WPA LLC |
|---|---|
| Parcel ID | 0282230202 |
| Short ID | 481893 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 40,640 SF |
| Land SF | 142,266 SF |
| Acres | 3.266 |
| Year Built | 1997 |
| Legal | LOT 4B CORRIDOR PARK I REPLAT OF LOT 4 |
| Neighborhood | 66FNOR |
| Land | $2,133,990 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,133,990 |
| Improvement | $9,866,010 |
|---|---|
| Total Improvement | $9,866,010 |
| Market | $12,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,000,000 |
| Taxable Value | $12,000,000 |
|---|
Appreciation: Market value has risen +68.7% from $7,112,000 (2021) to $12,000,000 (2025), a CAGR of 14.0% over 4 years. This is strong appreciation — well above typical inflation. 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 5 taxing entities is 1.8624% in 2025 (+0.0556% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $223,484. Round Rock ISD is the largest single contributor, at 48.0% 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 18% of market value ($2,133,990 land vs $9,866,010 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~29 yrs), and rent roll drive the underwriting.
Submarket Position: At $12,000,000, 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 +14.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,076,403 by 2030, with an estimated annual tax burden around $301,411. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 80,000 SF | ✗ |
| 1ST | 1st Floor | 40,640 SF | ✓ |
| 491 | SPRINKLER HEADS | 40,640 SF | ✗ |
| 881 | COMMCL FINISHOUT | 40,283 SF | ✓ |
| 501 | CANOPY | 685 SF | ✗ |
| 409 | SOLAR/WIND DEVICES COMM | 1 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% | $107,172.00 | $107,172.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $45,101.40 | $45,101.40 | Paid |
| CRR City of Round Rock | 0.3970% | 0.3420% | 0.3420% | 0.3600% | 0.3720% | +0.0120% | $44,640.00 | $44,640.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,162.76 | $14,162.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,408.00 | $12,408.00 | Paid |
| Combined Rate | 2.1046% | 1.9202% | 1.7649% | 1.8068% | 1.8624% | +0.0556% | $223,484.16 | $223,484.16 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,500,000 | $12,000,000 | -4.2% |
| Assessed Value | $11,500,000 | $12,000,000 | -4.2% |
| Land Value | $2,133,990 | $2,133,990 | +0.0% |
| Improvement Value | $9,366,010 | $9,866,010 | -5.1% |
| Taxable Value | $11,433,529 | $12,000,000 | -4.7% |
| Total Tax 2026 = estimate |
~$212,934
Estimated
|
~$223,484
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $11,813,430 | $11,500,000 | -313,430 (-2.7%) |
| Taxable Value | $11,746,959 | $11,433,529 | -313,430 (-2.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,500,000 | $2,133,990 | $9,366,010 | — | $11,500,000 | $11,433,529 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,000,000 | $2,133,990 | $9,866,010 | — | $12,000,000 | $12,000,000 | ~$223,484 | Partial |
| 2024 | $11,630,000 | — | — | −$9,496,010 | $2,133,990 | $— | $220,431 | Verified |
| 2023 | $9,500,000 | — | — | −$7,366,010 | $2,133,990 | $— | $205,263 | Verified |
| 2022 | $7,783,067 | — | — | −$5,649,077 | $2,133,990 | $— | $182,421 | Verified |
| 2021 | $7,112,000 | — | — | −$4,978,010 | $2,133,990 | $— | $163,801 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.6% | -1.6% | ~100% | Not available | Partial |
| 2025 | -1.6% | -1.6% | ~100% | Not available | Partial |
| 2024 | +4.9% | +4.9% | ~100% | 1.8100% | Verified |
| 2023 | +22.4% | +22.4% | ~100% | 1.7600% | Verified |
| 2022 | +22.1% | +22.1% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +54.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.2% | +10.6% | +15.0% | +22.4% | 2024 | -4.2% | 2026 |
| Assessment Ratio | 100.0% | 49.7% | — | 100.0% | 2025 | 18.3% | 2024 |
| Effective Tax Rate (2025) | 1.8600% | 1.8600% | — | 1.8600% | 2025 | 1.8600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$223,484 | $199,080 | ~$269,035 | $223,484 | 2025 | $163,801 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,676,615 | ~$13,200,000 | ~1.8018% | ~$237,840 | +14.0% |
| 2027 | ~$15,587,483 | ~$14,520,000 | ~1.7413% | ~$252,831 | +29.9% |
| 2028 | ~$17,765,334 | ~$15,972,000 | ~1.6807% | ~$268,443 | +48.0% |
| 2029 | ~$20,247,469 | ~$17,569,200 | ~1.6202% | ~$284,649 | +68.7% |
| 2030 | ~$23,076,403 | ~$19,326,120 | ~1.5596% | ~$301,411 | +92.3% |
| 2026 | ~$13,436,615 | ~$13,200,000 | ~1.8624% | ~$245,833 | +12.0% |
| 2027 | ~$15,045,218 | ~$14,520,000 | ~1.8624% | ~$270,416 | +25.4% |
| 2028 | ~$16,846,401 | ~$15,972,000 | ~1.8624% | ~$297,457 | +40.4% |
| 2029 | ~$18,863,217 | ~$17,569,200 | ~1.8624% | ~$327,203 | +57.2% |
| 2030 | ~$21,121,482 | ~$19,326,120 | ~1.8624% | ~$359,923 | +76.0% |
| 2026 | ~$13,916,615 | ~$13,200,000 | ~1.7715% | ~$233,843 | +16.0% |
| 2027 | ~$16,139,348 | ~$14,520,000 | ~1.6807% | ~$244,039 | +34.5% |
| 2028 | ~$18,717,091 | ~$15,972,000 | ~1.5899% | ~$253,936 | +56.0% |
| 2029 | ~$21,706,545 | ~$17,569,200 | ~1.4991% | ~$263,371 | +80.9% |
| 2030 | ~$25,173,469 | ~$19,326,120 | ~1.4082% | ~$272,155 | +109.8% |
In 2025, this property's market value of $12,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $12,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,630,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,783,067 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $7,112,000 | $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.