3510 WADLEY PL B TX 78728
| Owner | NLI 3500 WPB LLC |
|---|---|
| Parcel ID | 0282230204 |
| Short ID | 734465 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 45,298 SF |
| Land SF | 127,746 SF |
| Acres | 2.933 |
| Year Built | 1998 |
| Legal | LOT 4A-2 BLK A CORRIDOR PARK I REPLAT OF LOT 4A OF THE REPLAT OF LOT 4 |
| Neighborhood | 66FNOR |
| Land | $766,476 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $766,476 |
| Improvement | $19,233,524 |
|---|---|
| Total Improvement | $19,233,524 |
| Market | $20,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,000,000 |
| Taxable Value | $20,000,000 |
|---|
Appreciation: Market value has risen +47.3% from $13,575,000 (2021) to $20,000,000 (2025), a CAGR of 10.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 1.8624% in 2025 (+0.0556% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $372,474. 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 4% of market value ($766,476 land vs $19,233,524 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,000,000, 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 +10.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $32,463,302 by 2030, with an estimated annual tax burden around $502,352. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 80,500 SF | ✗ |
| 491 | SPRINKLER HEADS | 77,573 SF | ✗ |
| 881 | COMMCL FINISHOUT | 70,195 SF | ✓ |
| 1ST | 1st Floor | 45,298 SF | ✓ |
| 093 | HVAC COMMRCL SF | 41,397 SF | ✗ |
| MEZZ | Mezzanine | 32,275 SF | ✓ |
| 501 | CANOPY | 685 SF | ✗ |
| 272 | COLDSTG VAULT LG | 200 SF | ✓ |
| 276 | ELEVATOR COM PAS | 3 SF | ✓ |
| 414 | FOUNTAIN OUTDOOR | 2 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% | $178,620.00 | $178,620.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $75,169.00 | $75,169.00 | Paid |
| CRR City of Round Rock | 0.3970% | 0.3420% | 0.3420% | 0.3600% | 0.3720% | +0.0120% | $74,400.00 | $74,400.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $23,604.60 | $23,604.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $20,680.00 | $20,680.00 | Paid |
| Combined Rate | 2.1046% | 1.9202% | 1.7649% | 1.8068% | 1.8624% | +0.0556% | $372,473.60 | $372,473.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,953,159 | $20,000,000 | +9.8% |
| Assessed Value | $21,953,159 | $20,000,000 | +9.8% |
| Land Value | $766,476 | $766,476 | +0.0% |
| Improvement Value | $21,186,683 | $19,233,524 | +10.2% |
| Taxable Value | $21,886,943 | $20,000,000 | +9.4% |
| Total Tax 2026 = estimate |
~$407,615
Estimated
|
~$372,474
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $22,549,292 | $21,953,159 | -596,133 (-2.6%) |
| Taxable Value | $22,483,076 | $21,886,943 | -596,133 (-2.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,953,159 | $766,476 | $21,186,683 | — | $21,953,159 | $21,886,943 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,000,000 | $766,476 | $19,233,524 | — | $20,000,000 | $20,000,000 | ~$372,474 | Partial |
| 2024 | $22,200,000 | — | — | −$21,433,524 | $766,476 | $— | $422,794 | Verified |
| 2023 | $18,000,000 | — | — | −$17,233,524 | $766,476 | $— | $391,818 | Verified |
| 2022 | $14,856,183 | — | — | −$14,089,707 | $766,476 | $— | $345,640 | Verified |
| 2021 | $13,575,000 | — | — | −$13,064,016 | $510,984 | $— | $312,660 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.7% | +12.7% | ~100% | Not available | Partial |
| 2025 | -14.5% | -14.5% | ~100% | Not available | Partial |
| 2024 | +5.4% | +5.4% | ~100% | 1.8100% | Verified |
| 2023 | +23.3% | +23.3% | ~100% | 1.7600% | Verified |
| 2022 | +21.2% | +21.2% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.8% | +10.8% | +8.2% | +23.3% | 2024 | -9.9% | 2025 |
| Assessment Ratio | 100.0% | 36.1% | — | 100.0% | 2025 | 3.5% | 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 |
$372,474 | $369,077 | ~$448,391 | $422,794 | 2024 | $312,660 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$22,034,466 | ~$22,000,000 | ~1.8018% | ~$396,399 | +10.2% |
| 2027 | ~$24,275,885 | ~$24,200,000 | ~1.7413% | ~$421,386 | +21.4% |
| 2028 | ~$26,745,309 | ~$26,620,000 | ~1.6807% | ~$447,405 | +33.7% |
| 2029 | ~$29,465,930 | ~$29,282,000 | ~1.6202% | ~$474,414 | +47.3% |
| 2030 | ~$32,463,302 | ~$32,210,200 | ~1.5596% | ~$502,352 | +62.3% |
| 2026 | ~$21,634,466 | ~$21,634,466 | ~1.8624% | ~$402,913 | +8.2% |
| 2027 | ~$23,402,507 | ~$23,402,507 | ~1.8624% | ~$435,841 | +17.0% |
| 2028 | ~$25,315,037 | ~$25,315,037 | ~1.8624% | ~$471,459 | +26.6% |
| 2029 | ~$27,383,866 | ~$27,383,866 | ~1.8624% | ~$509,988 | +36.9% |
| 2030 | ~$29,621,766 | ~$29,621,766 | ~1.8624% | ~$551,666 | +48.1% |
| 2026 | ~$22,434,466 | ~$22,000,000 | ~1.7715% | ~$389,739 | +12.2% |
| 2027 | ~$25,165,264 | ~$24,200,000 | ~1.6807% | ~$406,732 | +25.8% |
| 2028 | ~$28,228,463 | ~$26,620,000 | ~1.5899% | ~$423,226 | +41.1% |
| 2029 | ~$31,664,525 | ~$29,282,000 | ~1.4991% | ~$438,952 | +58.3% |
| 2030 | ~$35,518,836 | ~$32,210,200 | ~1.4082% | ~$453,591 | +77.6% |
In 2025, this property's market value of $20,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 14× 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 | $20,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $22,200,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $18,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $14,856,183 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $13,575,000 | $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.