2400 PICADILLY DR TX 78664
| Owner | PICADILLY HOLDINGS LLC |
|---|---|
| Parcel ID | 0282260111 |
| Short ID | 716911 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 15,008 SF |
| Land SF | 108,377 SF |
| Acres | 2.488 |
| Year Built | 2019 |
| Legal | LOT 1 RODMAN SUBD |
| Neighborhood | 52NEA |
| Land | $650,262 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $650,262 |
| Improvement | $1,411,283 |
|---|---|
| Total Improvement | $1,411,283 |
| Market | $2,061,545 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,061,545 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,061,545 |
| Taxable Value | $2,061,545 |
|---|
Appreciation: Market value has fallen -17.5% from $2,500,000 (2021) to $2,061,545 (2025), a CAGR of -4.7% over 4 years. Growth has been relatively flat for this asset class. 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 lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.1181% in 2025 (+0.0346% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $43,666. Round Rock ISD is the largest single contributor, at 42.2% 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 32% of market value ($650,262 land vs $1,411,283 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,061,545, this parcel sits in the upper-middle (50th–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 -4.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,619,977 by 2030, with an estimated annual tax burden around $30,957. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 43,698 SF | ✗ |
| 1ST | 1st Floor | 15,008 SF | ✓ |
| 501 | CANOPY | 394 SF | ✗ |
| 482 | LIGHT POLES | 4 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% | $18,411.66 | $18,411.66 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $11,029.27 | $11,029.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,748.21 | $7,748.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,433.10 | $2,433.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,131.64 | $2,131.64 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $1,912.39 | $1,912.39 | Paid |
| Combined Rate | 2.2839% | 2.1395% | 2.0364% | 2.0835% | 2.1181% | +0.0346% | $43,666.27 | $43,666.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,100,000 | $2,061,545 | +1.9% |
| Assessed Value | $2,100,000 | $2,061,545 | +1.9% |
| Land Value | $650,262 | $650,262 | +0.0% |
| Improvement Value | $1,449,738 | $1,411,283 | +2.7% |
| Taxable Value | $2,100,000 | $2,061,545 | +1.9% |
| Total Tax 2026 = estimate |
~$44,481
Estimated
|
~$43,666
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,386,355 | $2,100,000 | -286,355 (-12.0%) |
| Taxable Value | $2,386,355 | $2,100,000 | -286,355 (-12.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,100,000 | $650,262 | $1,449,738 | — | $2,100,000 | $2,100,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,061,545 | $650,262 | $1,411,283 | — | $2,061,545 | $2,061,545 | ~$43,666 | Partial |
| 2024 | $2,463,952 | — | — | −$1,813,690 | $650,262 | $— | $47,346 | Verified |
| 2023 | $2,745,000 | — | — | −$2,094,738 | $650,262 | $— | $50,177 | Verified |
| 2022 | $2,600,000 | — | — | −$1,949,738 | $650,262 | $— | $58,730 | Verified |
| 2021 | $2,500,000 | — | — | −$1,849,738 | $650,262 | $— | $59,381 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.8% | +15.8% | ~100% | Not available | Partial |
| 2025 | -9.3% | -9.3% | ~100% | Not available | Partial |
| 2024 | -7.8% | -7.8% | ~100% | 2.0800% | Verified |
| 2023 | -10.2% | -10.2% | ~100% | 2.0400% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 2.1400% | Verified |
| 2021 | base year | — | ~100% | 2.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -20.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.9% | -3.0% | -5.1% | +5.6% | 2023 | -16.3% | 2025 |
| Assessment Ratio | 100.0% | 50.2% | — | 100.0% | 2025 | 23.7% | 2023 |
| Effective Tax Rate (2025) | 2.1200% | 2.1200% | — | 2.1200% | 2025 | 2.1200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$43,666 | $51,860 | ~$35,723 | $59,381 | 2021 | $43,666 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,964,518 | ~$1,964,518 | ~2.0767% | ~$40,797 | -4.7% |
| 2027 | ~$1,872,058 | ~$1,872,058 | ~2.0353% | ~$38,101 | -9.2% |
| 2028 | ~$1,783,949 | ~$1,783,949 | ~1.9938% | ~$35,569 | -13.5% |
| 2029 | ~$1,699,987 | ~$1,699,987 | ~1.9524% | ~$33,190 | -17.5% |
| 2030 | ~$1,619,977 | ~$1,619,977 | ~1.9109% | ~$30,957 | -21.4% |
| 2026 | ~$1,958,468 | ~$1,958,468 | ~2.1181% | ~$41,483 | -5.0% |
| 2027 | ~$1,860,544 | ~$1,860,544 | ~2.1181% | ~$39,409 | -9.8% |
| 2028 | ~$1,767,517 | ~$1,767,517 | ~2.1181% | ~$37,438 | -14.3% |
| 2029 | ~$1,679,141 | ~$1,679,141 | ~2.1181% | ~$35,566 | -18.5% |
| 2030 | ~$1,595,184 | ~$1,595,184 | ~2.1181% | ~$33,788 | -22.6% |
| 2026 | ~$2,005,749 | ~$2,005,749 | ~2.0560% | ~$41,238 | -2.7% |
| 2027 | ~$1,951,463 | ~$1,951,463 | ~1.9938% | ~$38,909 | -5.3% |
| 2028 | ~$1,898,646 | ~$1,898,646 | ~1.9317% | ~$36,676 | -7.9% |
| 2029 | ~$1,847,259 | ~$1,847,259 | ~1.8695% | ~$34,535 | -10.4% |
| 2030 | ~$1,797,263 | ~$1,797,263 | ~1.8074% | ~$32,483 | -12.8% |
In 2025, this property's market value of $2,061,545 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +45% above 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 | $2,061,545 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,463,952 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,745,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,600,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,500,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.