720 AIRPORT BLVD TX 78702
| Owner | TMP AIRPORT BLVD PROJECT LLC |
|---|---|
| Parcel ID | 0202170323 |
| Short ID | 190128 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 270,688 SF |
| Land SF | 364,727 SF |
| Acres | 8.373 |
| Year Built | 2020 |
| Legal | LOT 2 MIDTOWN INDUSTRIAL SUBD NO 1 & LOT A AIRPORT ONE |
| Neighborhood | 08EC |
| Land | $32,825,430 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $32,825,430 |
| Improvement | $39,774,570 |
|---|---|
| Total Improvement | $39,774,570 |
| Market | $72,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $72,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $72,600,000 |
| Taxable Value | $72,600,000 |
|---|
Appreciation: Market value has risen +42.7% from $50,875,583 (2021) to $72,600,000 (2025), a CAGR of 9.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family 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 $1,485,748. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 45% of market value ($32,825,430 land vs $39,774,570 improvements), about $90/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $72,600,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +6.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $93,498,435 by 2031, with an estimated annual tax burden around $1,761,270. 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 | 270,688 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% | $671,695.20 | $671,695.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $380,436.34 | $380,436.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $272,863.47 | $272,863.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $85,684.70 | $85,684.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $75,068.40 | $75,068.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,485,748.11 | $1,485,748.11 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $671,695.20 | 45.2% |
| CAT City of Austin | 0.5240% | $380,436.34 | 25.6% |
| TCO Travis County | 0.3758% | $272,863.47 | 18.4% |
| THD Travis Central Health | 0.1180% | $85,684.70 | 5.8% |
| ACT Austin Community College | 0.1034% | $75,068.40 | 5.1% |
| Total | 2.0465% | $1,485,748.11 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $68,969,467 | $72,600,000 | -5.0% |
| Assessed Value | $68,969,467 | $72,600,000 | -5.0% |
| Land Value | $32,825,430 | $32,825,430 | +0.0% |
| Improvement Value | $36,144,037 | $39,774,570 | -9.1% |
| Taxable Value | $68,969,467 | $72,600,000 | -5.0% |
| Total Tax 2026 = estimate |
~$1,411,450
Estimated
|
~$1,485,748
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $68,969,467 | $32,825,430 | $36,144,037 | — | $68,969,467 | $68,969,467 | Not yet — post-cert | Preliminary |
| 2025 | $72,600,000 | $32,825,430 | $39,774,570 | — | $72,600,000 | $72,600,000 | ~$1,485,748 | Partial |
| 2024 | $85,300,000 | $32,825,430 | $52,474,570 | — | $85,300,000 | $85,300,000 | $1,647,236 | Verified |
| 2023 | $117,929,108 | $32,825,430 | $85,103,678 | — | $117,929,108 | $117,929,108 | $1,713,510 | Verified |
| 2022 | $106,500,000 | $21,883,620 | $84,616,380 | — | $106,500,000 | $106,500,000 | $1,793,716 | Verified |
| 2021 | $50,875,583 | $9,118,175 | $41,757,408 | — | $50,875,583 | $50,875,583 | $1,107,398 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.0% | -5.0% | ~100% | Not available | Partial |
| 2025 | -14.9% | -14.9% | ~100% | Not available | Partial |
| 2024 | -27.7% | -27.7% | ~100% | No billing data | Verified |
| 2023 | +10.7% | +10.7% | ~100% | No billing data | Verified |
| 2022 | +109.3% ! | +109.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | +14.5% | +6.3% | +109.3% | 2022 | -27.7% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$1,485,748 | $1,549,522 | ~$1,616,018 | $1,793,716 | 2022 | $1,107,398 | 2021 |
Market value changed by 109% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$73,297,028 | ~$73,297,028 | ~2.0139% | ~$1,476,156 | +6.3% |
| 2028 | ~$77,896,126 | ~$77,896,126 | ~1.9814% | ~$1,543,424 | +12.9% |
| 2029 | ~$82,783,799 | ~$82,783,799 | ~1.9488% | ~$1,613,323 | +20.0% |
| 2030 | ~$87,978,154 | ~$87,978,154 | ~1.9163% | ~$1,685,917 | +27.6% |
| 2031 | ~$93,498,435 | ~$93,498,435 | ~1.8837% | ~$1,761,270 | +35.6% |
| 2027 | ~$71,917,638 | ~$71,917,638 | ~2.0465% | ~$1,471,784 | +4.3% |
| 2028 | ~$74,991,832 | ~$74,991,832 | ~2.0465% | ~$1,534,697 | +8.7% |
| 2029 | ~$78,197,436 | ~$78,197,436 | ~2.0465% | ~$1,600,299 | +13.4% |
| 2030 | ~$81,540,067 | ~$81,540,067 | ~2.0465% | ~$1,668,705 | +18.2% |
| 2031 | ~$85,025,581 | ~$85,025,581 | ~2.0465% | ~$1,740,036 | +23.3% |
| 2027 | ~$74,676,417 | ~$74,676,417 | ~1.9977% | ~$1,491,783 | +8.3% |
| 2028 | ~$80,855,595 | ~$80,855,595 | ~1.9488% | ~$1,575,746 | +17.2% |
| 2029 | ~$87,546,075 | ~$87,546,075 | ~1.9000% | ~$1,663,390 | +26.9% |
| 2030 | ~$94,790,165 | ~$94,790,165 | ~1.8512% | ~$1,754,750 | +37.4% |
| 2031 | ~$102,633,676 | ~$102,633,676 | ~1.8024% | ~$1,849,840 | +48.8% |
In 2025, this property's market value of $72,600,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 140× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $72,600,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $85,300,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $117,929,108 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $106,500,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $50,875,583 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | 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 | — |