3008 DAVIS LN TX 78745
| Owner | WESTGATE/DAVIS INC |
|---|---|
| Parcel ID | 0424231406 |
| Short ID | 942502 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 9,625 SF |
| Land SF | 86,444 SF |
| Acres | 1.984 |
| Year Built | 2021 |
| Legal | LOT 18B BLK F CHERRY CREEK SEC 9-D1 REPLAT LOT 18 BLK F |
| Neighborhood | 1SO2 |
| Land | $864,437 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,437 |
| Improvement | $2,457,555 |
|---|---|
| Total Improvement | $2,457,555 |
| Market | $3,321,992 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,321,992 |
| Value Limitation Adjustment (−) (homestead cap) | −$33,032 |
| Net Appraised (assessed) | $3,288,960 |
| Taxable Value | $3,288,960 |
|---|
Appreciation: Market value has risen +446.4% from $607,985 (2022) to $3,321,992 (2025), a CAGR of 76.1% over 3 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 +16.6%, 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 $67,308. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($3,288,960) is $33,032 below market value, suggesting potential for an upward assessment in future years.
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 26% of market value ($864,437 land vs $2,457,555 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,321,992, 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 +76.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $56,308,606 by 2030, with an estimated annual tax burden around $99,780. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 9,625 SF | ✓ |
Market value changed by 276% 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% | $30,429.46 | $30,429.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,234.71 | $17,234.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,361.39 | $12,361.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,881.73 | $3,881.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,400.78 | $3,400.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $67,308.07 | $67,308.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,361,100 | $3,321,992 | +1.2% |
| Assessed Value | $3,361,100 | $3,288,960 | +2.2% |
| Land Value | $864,437 | $864,437 | +0.0% |
| Improvement Value | $2,496,663 | $2,457,555 | +1.6% |
| Taxable Value | $3,361,100 | $3,288,960 | +2.2% |
| Total Tax 2026 = estimate |
~$68,784
Estimated
|
~$67,308
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,361,100 | $3,361,100 | +0 (+0.0%) |
| Taxable Value | $3,361,100 | $3,361,100 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,361,100 | $864,437 | $2,496,663 | — | $3,361,100 | $3,361,100 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,321,992 | $864,437 | $2,457,555 | −$33,032 | $3,288,960 | $3,288,960 | ~$67,308 | Partial |
| 2024 | $2,284,000 | — | — | −$1,419,563 | $864,437 | $— | $54,318 | Verified |
| 2023 | $607,985 | — | — | — | $864,437 ! | $— | $41,323 | Verified |
| 2022 | $607,985 | — | — | −$218,988 | $388,997 | $— | $12,007 | Verified |
| 2021 | $— | — | — | — | $388,997 | $— | $13,234 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | +4.7% | +20.0% | 99.0% | Not available | Partial |
| 2024 | +38.9% | +20.0% | 86.4% | 1.7100% | Verified |
| 2023 | +275.7% ! | +275.7% | ~100% | 1.8100% | Verified |
| 2022 | -28.3% | -28.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +291.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | +80.6% | +75.7% | +275.7% | 2024 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 88.6% | — | 142.2% | 2023 | 37.8% | 2024 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$67,308 | $43,739 | ~$85,816 | $67,308 | 2025 | $12,007 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,851,050 | ~$3,617,856 | ~2.0139% | ~$72,861 | +76.1% |
| 2027 | ~$10,305,500 | ~$3,979,642 | ~1.9814% | ~$78,852 | +210.2% |
| 2028 | ~$18,151,156 | ~$4,377,606 | ~1.9488% | ~$85,313 | +446.4% |
| 2029 | ~$31,969,772 | ~$4,815,366 | ~1.9163% | ~$92,276 | +862.4% |
| 2030 | ~$56,308,606 | ~$5,296,903 | ~1.8837% | ~$99,780 | +1595.0% |
| 2026 | ~$5,784,610 | ~$3,617,856 | ~2.0465% | ~$74,039 | +74.1% |
| 2027 | ~$10,072,787 | ~$3,979,642 | ~2.0465% | ~$81,443 | +203.2% |
| 2028 | ~$17,539,821 | ~$4,377,606 | ~2.0465% | ~$89,587 | +428.0% |
| 2029 | ~$30,542,226 | ~$4,815,366 | ~2.0465% | ~$98,546 | +819.4% |
| 2030 | ~$53,183,414 | ~$5,296,903 | ~2.0465% | ~$108,400 | +1500.9% |
| 2026 | ~$5,917,490 | ~$3,617,856 | ~1.9977% | ~$72,273 | +78.1% |
| 2027 | ~$10,540,871 | ~$3,979,642 | ~1.9488% | ~$77,557 | +217.3% |
| 2028 | ~$18,776,534 | ~$4,377,606 | ~1.9000% | ~$83,175 | +465.2% |
| 2029 | ~$33,446,785 | ~$4,815,366 | ~1.8512% | ~$89,142 | +906.8% |
| 2030 | ~$59,579,017 | ~$5,296,903 | ~1.8024% | ~$95,470 | +1693.5% |
In 2025, this property's market value of $3,321,992 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +134% 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 | $3,321,992 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,284,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $607,985 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $607,985 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.