504 INDUSTRIAL BLVD TX 78745
| Owner | PROSPECT CAPITAL HOLDINGS LLC & |
|---|---|
| Parcel ID | 0412030108 |
| Short ID | 316277 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 15,503 SF |
| Land SF | 68,400 SF |
| Acres | 1.570 |
| Year Built | 1975 |
| Legal | LOT 8-9 ST ELMO HEIGHTS SEC 1 |
| Neighborhood | 61SOU |
| Land | $2,052,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,052,000 |
| Improvement | $186,454 |
|---|---|
| Total Improvement | $186,454 |
| Market | $2,238,454 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,238,454 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,238,454 |
| Taxable Value | $2,238,454 |
|---|
Appreciation: Market value has risen +4.9% from $2,133,531 (2021) to $2,238,454 (2025), a CAGR of 1.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $45,810. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 92% of market value ($2,052,000 land vs $186,454 improvements), about $30/SF of land. With value concentrated in the land under a ~51-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 $2,238,454, 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 +1.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,376,893 by 2030, with an estimated annual tax burden around $44,775. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 15,503 SF | ✓ |
| 551 | PAVED AREA | 11,200 SF | ✗ |
| 881 | COMMCL FINISHOUT | 2,560 SF | ✓ |
| 328 | MEZZ COMM (STG) | 1,792 SF | ✓ |
| 541 | FENCE COMM LF | 400 SF | ✗ |
| 501 | CANOPY | 24 SF | ✗ |
| 332 | GATE ENTRANCE FV | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $20,710.18 | $20,710.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,729.88 | $11,729.88 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,413.12 | $8,413.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,641.89 | $2,641.89 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,314.56 | $2,314.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $45,809.63 | $45,809.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,238,454 | $2,238,454 | +0.0% |
| Assessed Value | $2,238,454 | $2,238,454 | +0.0% |
| Land Value | $2,052,000 | $2,052,000 | +0.0% |
| Improvement Value | $186,454 | $186,454 | +0.0% |
| Taxable Value | $2,238,454 | $2,238,454 | +0.0% |
| Total Tax 2026 = estimate |
~$45,810
Estimated
|
~$45,810
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,842,868 | $2,238,454 | -604,414 (-21.3%) |
| Taxable Value | $2,686,145 | $2,238,454 | -447,691 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,238,454 | $2,052,000 | $186,454 | — | $2,238,454 | $2,238,454 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,238,454 | $2,052,000 | $186,454 | — | $2,238,454 | $2,238,454 | ~$45,810 | Partial |
| 2024 | $2,418,399 | — | — | −$366,399 | $2,052,000 | $— | $47,014 | Verified |
| 2023 | $2,440,000 | — | — | −$388,000 | $2,052,000 | $— | $43,755 | Verified |
| 2022 | $2,218,700 | — | — | −$166,700 | $2,052,000 | $— | $48,188 | Verified |
| 2021 | $2,133,531 | — | — | −$81,531 | $2,052,000 | $— | $48,294 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.0% | +20.0% | 94.5% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -1.9% | -1.9% | ~100% | 1.9800% | Verified |
| 2023 | -0.9% | -0.9% | ~100% | 1.8100% | Verified |
| 2022 | +10.0% | +10.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +1.1% | +1.2% | +10.0% | 2023 | -7.4% | 2025 |
| Assessment Ratio | 100.0% | 92.9% | — | 100.0% | 2025 | 84.1% | 2023 |
| 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 |
$45,810 | $46,612 | ~$45,212 | $48,294 | 2021 | $43,755 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,265,481 | ~$2,265,481 | ~2.0139% | ~$45,625 | +1.2% |
| 2027 | ~$2,292,835 | ~$2,292,835 | ~1.9814% | ~$45,430 | +2.4% |
| 2028 | ~$2,320,519 | ~$2,320,519 | ~1.9488% | ~$45,223 | +3.7% |
| 2029 | ~$2,348,537 | ~$2,348,537 | ~1.9163% | ~$45,005 | +4.9% |
| 2030 | ~$2,376,893 | ~$2,376,893 | ~1.8837% | ~$44,775 | +6.2% |
| 2026 | ~$2,220,712 | ~$2,220,712 | ~2.0465% | ~$45,447 | -0.8% |
| 2027 | ~$2,203,111 | ~$2,203,111 | ~2.0465% | ~$45,086 | -1.6% |
| 2028 | ~$2,185,649 | ~$2,185,649 | ~2.0465% | ~$44,729 | -2.4% |
| 2029 | ~$2,168,326 | ~$2,168,326 | ~2.0465% | ~$44,374 | -3.1% |
| 2030 | ~$2,151,140 | ~$2,151,140 | ~2.0465% | ~$44,023 | -3.9% |
| 2026 | ~$2,310,250 | ~$2,310,250 | ~1.9977% | ~$46,151 | +3.2% |
| 2027 | ~$2,384,350 | ~$2,384,350 | ~1.9488% | ~$46,467 | +6.5% |
| 2028 | ~$2,460,825 | ~$2,460,825 | ~1.9000% | ~$46,756 | +9.9% |
| 2029 | ~$2,539,754 | ~$2,539,754 | ~1.8512% | ~$47,016 | +13.5% |
| 2030 | ~$2,621,214 | ~$2,621,214 | ~1.8024% | ~$47,244 | +17.1% |
In 2025, this property's market value of $2,238,454 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +58% 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 | $2,238,454 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,418,399 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,440,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,218,700 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,133,531 | $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.