5009 U S HY 290 78735
| Owner | WAL-MART REAL ESTATE BUSINESS |
|---|---|
| Parcel ID | 0408210115 |
| Short ID | 364118 |
| Type | Real |
| Use Code | 46 Discount Store (>25,000 SF) |
| Valuation | Income |
| Improvement SF | 185,576 SF |
| Land SF | 900,210 SF |
| Acres | 20.666 |
| Year Built | 1994 |
| Legal | LOT 6 COUGAR CREEK RESUB OF LOT 1 &LOT 1 OPEN MEADOWS |
| Neighborhood | SOU |
| Land | $28,806,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $28,806,720 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $33,297,936 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $33,297,936 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $33,297,936 |
| Taxable Value | $33,297,936 |
|---|
Appreciation: Market value has risen +174.0% from $12,152,967 (2021) to $33,297,936 (2025), a CAGR of 28.7% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $681,437. 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 87% of market value ($28,806,720 land vs $0 improvements), about $32/SF of land. With value concentrated in the land under a ~32-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 $33,297,936, 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 +28.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $117,377,825 by 2030, with an estimated annual tax burden around $1,010,188. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 207,492 SF | ✗ |
| 1ST | 1st Floor | 185,576 SF | ✓ |
| 491 | SPRINKLER HEADS | 147,411 SF | ✗ |
| 611 | TERRACE | 17,422 SF | ✗ |
| 501 | CANOPY | 5,124 SF | ✗ |
| 273 | COLDSTG VAULT SM | 3,624 SF | ✓ |
| 482 | LIGHT POLES | 22 SF | ✓ |
| 549 | FENCE COMM FV | 1 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 364118 | WILMINGTON TRUST COMPANY #2133 | 5009 U S HY 290 78735 | $28,806,720 | $28,806,720 | $28,806,720 |
| 997996 | WAL-MART REAL ESTATE BUSINESS | — | $4,723,556 | $4,723,556 | $4,723,556 |
Market value changed by 235% 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% | $308,072.50 | $308,072.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $174,486.85 | $174,486.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $125,148.63 | $125,148.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $39,299.23 | $39,299.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $34,430.07 | $34,430.07 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $681,437.28 | $681,437.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $33,530,276 | $33,297,936 | +0.7% |
| Assessed Value | $33,530,276 | $33,297,936 | +0.7% |
| Land Value | $28,806,720 | $28,806,720 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $33,530,276 | $33,297,936 | +0.7% |
| Total Tax 2026 = estimate |
~$686,192
Estimated
|
~$681,437
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $33,530,276 | $33,530,276 | +0 (+0.0%) |
| Taxable Value | $33,530,276 | $33,530,276 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $33,530,276 | $28,806,720 | — | — | $33,530,276 | $33,530,276 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $33,297,936 | $28,806,720 | — | — | $33,297,936 | $33,297,936 | ~$681,437 | Partial |
| 2024 | $22,535,000 | — | — | — | $22,965,000 ! | $— | $455,124 | Verified |
| 2023 | $12,152,967 | — | — | — | $18,004,200 ! | $— | $407,714 | Verified |
| 2022 | $12,152,967 | — | — | −$3,150,867 | $9,002,100 | $— | $240,012 | Verified |
| 2021 | $12,152,967 | — | — | −$3,150,867 | $9,002,100 | $— | $264,511 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.2% | +5.2% | ~100% | Not available | Partial |
| 2025 | -80.4% ! | -80.4% | ~100% | Not available | Partial |
| 2024 | -43.5% | -43.5% | ~100% | 1.9800% | Verified |
| 2023 | +234.7% ! | +234.7% | ~100% | 1.0000% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -63.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.7% | +26.8% | +28.5% | +85.4% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 99.7% | — | 148.1% | 2023 | 74.1% | 2021 |
| 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 |
$681,437 | $409,759 | ~$868,819 | $681,437 | 2025 | $240,012 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$42,840,158 | ~$36,627,730 | ~2.0139% | ~$737,659 | +28.7% |
| 2027 | ~$55,116,904 | ~$40,290,503 | ~1.9814% | ~$798,311 | +65.5% |
| 2028 | ~$70,911,808 | ~$44,319,553 | ~1.9488% | ~$863,717 | +113.0% |
| 2029 | ~$91,233,074 | ~$48,751,508 | ~1.9163% | ~$934,221 | +174.0% |
| 2030 | ~$117,377,825 | ~$53,626,659 | ~1.8837% | ~$1,010,188 | +252.5% |
| 2026 | ~$42,174,199 | ~$36,627,730 | ~2.0465% | ~$749,581 | +26.7% |
| 2027 | ~$53,416,617 | ~$40,290,503 | ~2.0465% | ~$824,539 | +60.4% |
| 2028 | ~$67,655,936 | ~$44,319,553 | ~2.0465% | ~$906,993 | +103.2% |
| 2029 | ~$85,691,045 | ~$48,751,508 | ~2.0465% | ~$997,692 | +157.3% |
| 2030 | ~$108,533,790 | ~$53,626,659 | ~2.0465% | ~$1,097,462 | +225.9% |
| 2026 | ~$43,506,117 | ~$36,627,730 | ~1.9977% | ~$731,698 | +30.7% |
| 2027 | ~$56,843,829 | ~$40,290,503 | ~1.9488% | ~$785,197 | +70.7% |
| 2028 | ~$74,270,497 | ~$44,319,553 | ~1.9000% | ~$842,079 | +123.0% |
| 2029 | ~$97,039,676 | ~$48,751,508 | ~1.8512% | ~$902,485 | +191.4% |
| 2030 | ~$126,789,224 | ~$53,626,659 | ~1.8024% | ~$966,551 | +280.8% |
In 2025, this property's market value of $33,297,936 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 23× 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 | $33,297,936 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $22,535,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,152,967 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $12,152,967 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $12,152,967 | $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.