HUR INDUSTRIAL BLVD TX 78613
| Owner | PILLAR PROPERTIES GROUP LLC |
|---|---|
| Parcel ID | 0500400808 |
| Short ID | 823241 |
| Type | Real |
| Use Code | 60 Industrial 20K+ SF (<25% FO) |
| Valuation | Cost |
| Improvement SF | 56,448 SF |
| Land SF | 594,420 SF |
| Acres | 13.646 |
| Year Built | 2022 |
| Legal | LOT 1A BLK A HUR INDUSTRIAL PARK II SEC 1 REPLAT OF LOT 1 BLK A |
| Neighborhood | 1NW3 |
| Land | $1,040,235 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,040,235 |
| Improvement | $10,441,507 |
|---|---|
| Total Improvement | $10,441,507 |
| Market | $11,481,742 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,481,742 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,481,742 |
| Taxable Value | $11,481,742 |
|---|
Appreciation: Market value has risen +794.0% from $1,284,248 (2021) to $11,481,742 (2025), a CAGR of 72.9% 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 2.0442% in 2025 (+0.0406% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $234,706. Leander ISD is the largest single contributor, at 53.2% 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 9% of market value ($1,040,235 land vs $10,441,507 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $11,481,742, 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 +72.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $177,503,283 by 2030, with an estimated annual tax burden around $308,928. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 139,147 SF | ✗ |
| 1ST | 1st Floor | 56,448 SF | ✓ |
| 611 | TERRACE | 12,447 SF | ✗ |
| 881 | COMMCL FINISHOUT | 10,000 SF | ✓ |
| 298 | LIGHT UTILITY BLDG | 336 SF | ✓ |
| 501 | CANOPY | 288 SF | ✗ |
| 327 | STORAGE COMM'L | 102 SF | ✓ |
| 351 | DRIVING RANGES | 30 SF | ✓ |
| 482 | LIGHT POLES | 6 SF | ✓ |
| 121 | WATER/SEWER INF | 1 SF | ✓ |
Market value changed by 457% 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $124,795.05 | $124,795.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $43,153.55 | $43,153.55 | Paid |
| CCP City of Cedar Park | 0.4320% | 0.3900% | 0.3700% | 0.3630% | 0.3600% | -0.0030% | $41,334.27 | $41,334.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $13,551.10 | $13,551.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,872.12 | $11,872.12 | Paid |
| Combined Rate | 2.3430% | 2.1802% | 1.9826% | 2.0036% | 2.0442% | +0.0406% | $234,706.09 | $234,706.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,456,263 | $11,481,742 | -0.2% |
| Assessed Value | $11,456,263 | $11,481,742 | -0.2% |
| Land Value | $1,040,235 | $1,040,235 | +0.0% |
| Improvement Value | $10,416,028 | $10,441,507 | -0.2% |
| Taxable Value | $11,456,263 | $11,481,742 | -0.2% |
| Total Tax 2026 = estimate |
~$234,185
Estimated
|
~$234,706
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $11,456,263 | $11,456,263 | +0 (+0.0%) |
| Taxable Value | $11,456,263 | $11,456,263 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,456,263 | $1,040,235 | $10,416,028 | — | $11,456,263 | $11,456,263 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,481,742 | $1,040,235 | $10,441,507 | — | $11,481,742 | $11,481,742 | ~$234,706 | Partial |
| 2024 | $7,496,907 | — | — | −$6,456,672 | $1,040,235 | $— | $213,160 | Verified |
| 2023 | $1,346,607 | — | — | −$306,372 | $1,040,235 | $— | $148,637 | Verified |
| 2022 | $1,285,251 | — | — | −$245,016 | $1,040,235 | $— | $29,359 | Verified |
| 2021 | $1,284,248 | — | — | −$244,013 | $1,040,235 | $— | $30,113 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.2% | -0.2% | ~100% | Not available | Partial |
| 2025 | +7.9% | +7.9% | ~100% | Not available | Partial |
| 2024 | +41.9% | +41.9% | ~100% | 2.0000% | Verified |
| 2023 | +456.7% ! | +456.7% | ~100% | 1.9800% | Verified |
| 2022 | +4.8% | +4.8% | ~100% | 2.1800% | Verified |
| 2021 | base year | — | ~100% | 2.3400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +793.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | +102.9% | +73.0% | +456.7% | 2024 | -0.2% | 2026 |
| Assessment Ratio | 100.0% | 75.5% | — | 100.0% | 2025 | 13.9% | 2024 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$234,706 | $131,195 | ~$278,491 | $234,706 | 2025 | $29,359 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$19,853,977 | ~$12,629,916 | ~1.9695% | ~$248,742 | +72.9% |
| 2027 | ~$34,331,061 | ~$13,892,908 | ~1.8948% | ~$263,238 | +199.0% |
| 2028 | ~$59,364,518 | ~$15,282,199 | ~1.8201% | ~$278,145 | +417.0% |
| 2029 | ~$102,651,824 | ~$16,810,418 | ~1.7454% | ~$293,402 | +794.0% |
| 2030 | ~$177,503,283 | ~$18,491,460 | ~1.6707% | ~$308,928 | +1446.0% |
| 2026 | ~$19,624,342 | ~$12,629,916 | ~2.0442% | ~$258,177 | +70.9% |
| 2027 | ~$33,541,495 | ~$13,892,908 | ~2.0442% | ~$283,994 | +192.1% |
| 2028 | ~$57,328,388 | ~$15,282,199 | ~2.0442% | ~$312,394 | +399.3% |
| 2029 | ~$97,984,423 | ~$16,810,418 | ~2.0442% | ~$343,633 | +753.4% |
| 2030 | ~$167,472,829 | ~$18,491,460 | ~2.0442% | ~$377,997 | +1358.6% |
| 2026 | ~$20,083,611 | ~$12,629,916 | ~1.9321% | ~$244,024 | +74.9% |
| 2027 | ~$35,129,813 | ~$13,892,908 | ~1.8201% | ~$252,859 | +206.0% |
| 2028 | ~$61,448,299 | ~$15,282,199 | ~1.7080% | ~$261,021 | +435.2% |
| 2029 | ~$107,484,017 | ~$16,810,418 | ~1.5960% | ~$268,286 | +836.1% |
| 2030 | ~$188,008,686 | ~$18,491,460 | ~1.4839% | ~$274,394 | +1537.5% |
In 2025, this property's market value of $11,481,742 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $11,481,742 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $7,496,907 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $1,346,607 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,285,251 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,284,248 | $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.