510 RIO GRANDE ST TX 78701
| Owner | 701 WEST 6TH OWNER LP |
|---|---|
| Parcel ID | 0107001014 |
| Short ID | 870872 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,000 SF |
| Land SF | 11,661 SF |
| Acres | 0.268 |
| Year Built | 1961 |
| Legal | 0.2677 AC OF LOTS 5 & 6 BLOCK 049 ORIGINAL CITY |
| Neighborhood | 20CBD |
| Land | $2,577,083 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,577,083 |
| Improvement | $266,670 |
|---|---|
| Total Improvement | $266,670 |
| Market | $2,843,753 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,843,753 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,843,753 |
| Taxable Value | $2,843,753 |
|---|
Appreciation: Market value has risen +4.0% from $2,733,233 (2021) to $2,843,753 (2025), a CAGR of 1.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 +17.8%, 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 $58,197. 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 91% of market value ($2,577,083 land vs $266,670 improvements), about $221/SF of land. With value concentrated in the land under a ~65-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 $2,843,753, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 +20.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $18,204,928 by 2031, with an estimated annual tax burden around $103,528. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,000 SF | ✓ |
| 611 | TERRACE | 745 SF | ✗ |
| 501 | CANOPY | 220 SF | ✗ |
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.
| 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% | $26,310.40 | $26,310.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,901.75 | $14,901.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,688.10 | $10,688.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,356.28 | $3,356.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,940.44 | $2,940.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $58,196.97 | $58,196.97 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $26,310.40 | 45.2% |
| CAT City of Austin | 0.5240% | $14,901.75 | 25.6% |
| TCO Travis County | 0.3758% | $10,688.10 | 18.4% |
| THD Travis Central Health | 0.1180% | $3,356.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,940.44 | 5.1% |
| Total | 2.0465% | $58,196.97 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,053,957 | $2,843,753 | +148.1% |
| Assessed Value | $3,412,504 | $2,843,753 | +20.0% |
| Land Value | $6,996,606 | $2,577,083 | +171.5% |
| Improvement Value | $57,351 | $266,670 | -78.5% |
| Taxable Value | $3,412,504 | $2,843,753 | +20.0% |
| HS Cap Loss | -$3,641,453 | — | |
| Total Tax 2026 = estimate |
~$69,836
Estimated
|
~$58,197
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $7,053,957 | $6,996,606 | $57,351 | −$3,641,453 | $3,412,504 | $3,412,504 | Not yet — post-cert | Preliminary |
| 2025 | $2,843,753 | $2,577,083 | $266,670 | — | $2,843,753 | $2,843,753 | ~$58,197 | Partial |
| 2024 | $2,629,558 | $2,577,083 | $52,475 | — | $2,629,558 | $2,629,558 | $52,113 | Verified |
| 2023 | $2,762,300 | $2,655,212 | $107,088 | — | $2,762,300 | $2,762,300 | $49,977 | Verified |
| 2022 | $2,753,554 | $2,655,212 | $98,342 | — | $2,753,554 | $2,753,554 | $54,381 | Verified |
| 2021 | $2,733,233 | $2,655,212 | $78,021 | — | $2,733,233 | $2,733,233 | $59,494 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +148.1% ! | +20.0% | 48.4% | Not available | Partial |
| 2025 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | No billing data | Verified |
| 2023 | +0.3% | +0.3% | ~100% | No billing data | Verified |
| 2022 | +0.7% | +0.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +148.1% | +30.5% | +20.9% | +148.1% | 2026 | -4.8% | 2024 |
| Assessment Ratio | 48.4% | 91.4% | — | 100.0% | 2021 | 48.4% | 2026 |
| 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 |
$58,197 | $54,832 | ~$89,040 | $59,494 | 2021 | $49,977 | 2023 |
Market value changed by 148% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$8,526,760 | ~$3,753,754 | ~2.0139% | ~$75,598 | +20.9% |
| 2028 | ~$10,307,071 | ~$4,129,130 | ~1.9814% | ~$81,814 | +46.1% |
| 2029 | ~$12,459,095 | ~$4,542,043 | ~1.9488% | ~$88,517 | +76.6% |
| 2030 | ~$15,060,442 | ~$4,996,247 | ~1.9163% | ~$95,743 | +113.5% |
| 2031 | ~$18,204,928 | ~$5,495,872 | ~1.8837% | ~$103,528 | +158.1% |
| 2027 | ~$8,385,681 | ~$3,753,754 | ~2.0465% | ~$76,820 | +18.9% |
| 2028 | ~$9,968,822 | ~$4,129,130 | ~2.0465% | ~$84,502 | +41.3% |
| 2029 | ~$11,850,846 | ~$4,542,043 | ~2.0465% | ~$92,952 | +68.0% |
| 2030 | ~$14,088,180 | ~$4,996,247 | ~2.0465% | ~$102,247 | +99.7% |
| 2031 | ~$16,747,902 | ~$5,495,872 | ~2.0465% | ~$112,472 | +137.4% |
| 2027 | ~$8,667,839 | ~$3,753,754 | ~1.9977% | ~$74,987 | +22.9% |
| 2028 | ~$10,650,963 | ~$4,129,130 | ~1.9488% | ~$80,470 | +51.0% |
| 2029 | ~$13,087,808 | ~$4,542,043 | ~1.9000% | ~$86,300 | +85.5% |
| 2030 | ~$16,082,181 | ~$4,996,247 | ~1.8512% | ~$92,490 | +128.0% |
| 2031 | ~$19,761,640 | ~$5,495,872 | ~1.8024% | ~$99,056 | +180.1% |
In 2025, this property's market value of $2,843,753 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +106% above the county median of $1,382,921. 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 | $2,843,753 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,629,558 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,762,300 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $2,753,554 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $2,733,233 | $538,645 | $1,173,514 | $2,782,974 | ↑ Above median | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |