2404 S INTERSTATE HY 35 TX 78704
| Owner | GRAY ROSS K |
|---|---|
| Parcel ID | 0307020108 |
| Short ID | 287449 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,758 SF |
| Land SF | 20,500 SF |
| Acres | 0.471 |
| Year Built | 1964 |
| Legal | LOT 3B *RESUB OF LT 3 OLTORF VILLAGE SEC 1 |
| Neighborhood | 53SCN |
| Land | $2,050,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,050,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,874,909 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,874,909 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,874,909 |
| Taxable Value | $1,874,909 |
|---|
Appreciation: Market value has risen +166.5% from $703,485 (2021) to $1,874,909 (2025), a CAGR of 27.8% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $38,370. Austin ISD is the largest single contributor, at 45.2% 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 109% of market value ($2,050,000 land vs $0 improvements), about $100/SF of land. With value concentrated in the land under a ~62-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,874,909, 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 +27.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,384,647 by 2030, with an estimated annual tax burden around $56,881. 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 | 7,500 SF | ✗ |
| 1ST | 1st Floor | 2,758 SF | ✓ |
| 571C | STORAGE DET COMM | 200 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 85 SF | ✗ |
Market value changed by 119% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $17,346.66 | $17,346.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,824.84 | $9,824.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,046.75 | $7,046.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,212.82 | $2,212.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,938.66 | $1,938.66 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $38,369.73 | $38,369.73 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,874,909 | $1,874,909 | +0.0% |
| Assessed Value | $1,874,909 | $1,874,909 | +0.0% |
| Land Value | $2,050,000 | $2,050,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,874,909 | $1,874,909 | +0.0% |
| Total Tax 2026 = estimate |
~$38,370
Estimated
|
~$38,370
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,613,346 | $1,874,909 | -738,437 (-28.3%) |
| Taxable Value | $2,249,891 | $1,874,909 | -374,982 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,874,909 | $2,050,000 | — | — | $1,874,909 | $1,874,909 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,874,909 | $2,050,000 | — | — | $1,874,909 | $1,874,909 | ~$38,370 | Partial |
| 2024 | $1,730,000 | — | — | — | $2,050,000 ! | $— | $41,142 | Verified |
| 2023 | $741,199 | — | — | — | $1,730,000 ! | $— | $31,300 | Verified |
| 2022 | $743,183 | — | — | −$271,683 | $471,500 | $— | $14,638 | Verified |
| 2021 | $703,485 | — | — | −$231,985 | $471,500 | $— | $16,177 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.4% | +20.0% | 86.1% | Not available | Partial |
| 2025 | -26.5% | -9.7% | ~100% | Not available | Partial |
| 2024 | +47.4% | +20.0% | 81.4% | 1.6100% | Verified |
| 2023 | +119.4% ! | +119.4% | ~100% | 1.8100% | Verified |
| 2022 | +6.1% | +6.1% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +152.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +29.4% | +27.8% | +133.4% | 2024 | -0.3% | 2023 |
| Assessment Ratio | 100.0% | 113.7% | — | 233.4% | 2023 | 63.4% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$38,370 | $28,325 | ~$48,921 | $41,142 | 2024 | $14,638 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,395,585 | ~$2,062,400 | ~2.0139% | ~$41,535 | +27.8% |
| 2027 | ~$3,060,856 | ~$2,268,640 | ~1.9814% | ~$44,951 | +63.3% |
| 2028 | ~$3,910,877 | ~$2,495,504 | ~1.9488% | ~$48,633 | +108.6% |
| 2029 | ~$4,996,956 | ~$2,745,054 | ~1.9163% | ~$52,603 | +166.5% |
| 2030 | ~$6,384,647 | ~$3,019,560 | ~1.8837% | ~$56,881 | +240.5% |
| 2026 | ~$2,358,087 | ~$2,062,400 | ~2.0465% | ~$42,207 | +25.8% |
| 2027 | ~$2,965,782 | ~$2,268,640 | ~2.0465% | ~$46,427 | +58.2% |
| 2028 | ~$3,730,086 | ~$2,495,504 | ~2.0465% | ~$51,070 | +98.9% |
| 2029 | ~$4,691,356 | ~$2,745,054 | ~2.0465% | ~$56,177 | +150.2% |
| 2030 | ~$5,900,352 | ~$3,019,560 | ~2.0465% | ~$61,795 | +214.7% |
| 2026 | ~$2,433,083 | ~$2,062,400 | ~1.9977% | ~$41,200 | +29.8% |
| 2027 | ~$3,157,429 | ~$2,268,640 | ~1.9488% | ~$44,212 | +68.4% |
| 2028 | ~$4,097,419 | ~$2,495,504 | ~1.9000% | ~$47,415 | +118.5% |
| 2029 | ~$5,317,249 | ~$2,745,054 | ~1.8512% | ~$50,816 | +183.6% |
| 2030 | ~$6,900,233 | ~$3,019,560 | ~1.8024% | ~$54,424 | +268.0% |
In 2025, this property's market value of $1,874,909 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +32% 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 | $1,874,909 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,730,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $741,199 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $743,183 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $703,485 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.