610 DAVIS ST 2 78701
| Owner | 90 RAINEY STREET HOLDINGS LLC |
|---|---|
| Parcel ID | 0203033203 |
| Short ID | 969708 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,941 SF |
| Land SF | 212 SF |
| Acres | 0.005 |
| Year Built | 2024 |
| Legal | MODERN AUSTIN MASTER CONDOMINIUMS THE UNT 2 PLUS 1.33 % INT IN COM AREA (COMMERCIAL MASTER UNIT 2) |
| Neighborhood | CBDR |
| Land | $137,807 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $137,807 |
| Improvement | $2,357,284 |
|---|---|
| Total Improvement | $2,357,284 |
| Market | $2,495,091 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,495,091 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,495,091 |
| Taxable Value | $2,495,091 |
|---|
Appreciation: Market value has risen +1710.6% from $137,807 (2023) to $2,495,091 (2025), a CAGR of 325.5% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -0.0%, 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 $51,062. Austin ISD is the largest single contributor, at 43.6% 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 6% of market value ($137,807 land vs $2,357,284 improvements), about $650/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,495,091, 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 +167.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $362,699,779 by 2031, with an estimated annual tax burden around $6,832,330. 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 | 8,941 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% | $23,084.58 | $23,084.58 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,074.70 | $13,074.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,377.67 | $9,377.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,944.78 | $2,944.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,579.92 | $2,579.92 | Paid |
| P2U | — | — | — | — | — | — | $1,845.46 | $1,845.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,907.11 | $52,907.11 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $23,084.58 | 43.6% |
| CAT City of Austin | 0.5240% | $13,074.70 | 24.7% |
| TCO Travis County | 0.3758% | $9,377.67 | 17.7% |
| THD Travis Central Health | 0.1180% | $2,944.78 | 5.6% |
| ACT Austin Community College | 0.1034% | $2,579.92 | 4.9% |
| P2U | — | $1,845.46 | 3.5% |
| Total | 2.0465% 5 of 6 | $52,907.11 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,641,647 | $2,495,091 | +5.9% |
| Assessed Value | $2,641,647 | $2,495,091 | +5.9% |
| Land Value | $184,249 | $137,807 | +33.7% |
| Improvement Value | $2,457,398 | $2,357,284 | +4.2% |
| Taxable Value | $2,641,647 | $2,495,091 | +5.9% |
| Total Tax 2026 = estimate |
~$54,061
Estimated
|
~$52,907
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,641,647 | $184,249 | $2,457,398 | — | $2,641,647 | $2,641,647 | Not yet — post-cert | Preliminary |
| 2025 | $2,495,091 | $137,807 | $2,357,284 | — | $2,495,091 | $2,495,091 | ~$52,907 | Partial |
| 2024 | $137,807 | $137,807 | — | — | $137,807 | $137,807 | $2,731 | Verified |
| 2023 | $137,807 | $137,807 | — | — | $137,807 | $137,807 | $2,493 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.9% | +5.9% | ~100% | Not available | Partial |
| 2025 | +1710.6% ! | +1710.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1710.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.9% | +572.2% | +167.6% | +1710.6% | 2025 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 2.1200% | 2.1200% | — | 2.1200% | 2025 | 2.1200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$52,907 | $19,377 | ~$2,186,696 | $52,907 | 2025 | $2,493 | 2023 |
Market value changed by 1711% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$7,069,835 | ~$7,069,835 | ~2.0139% | ~$142,382 | +167.6% |
| 2028 | ~$18,920,987 | ~$18,920,987 | ~1.9814% | ~$374,898 | +616.3% |
| 2029 | ~$50,638,203 | ~$50,638,203 | ~1.9488% | ~$986,857 | +1816.9% |
| 2030 | ~$135,522,932 | ~$135,522,932 | ~1.9163% | ~$2,597,014 | +5030.2% |
| 2031 | ~$362,699,779 | ~$362,699,779 | ~1.8837% | ~$6,832,330 | +13630.1% |
| 2027 | ~$7,017,002 | ~$7,017,002 | ~2.0465% | ~$143,602 | +165.6% |
| 2028 | ~$18,639,250 | ~$18,639,250 | ~2.0465% | ~$381,449 | +605.6% |
| 2029 | ~$49,511,407 | ~$49,511,407 | ~2.0465% | ~$1,013,244 | +1774.3% |
| 2030 | ~$131,517,060 | ~$131,517,060 | ~2.0465% | ~$2,691,477 | +4878.6% |
| 2031 | ~$349,348,530 | ~$349,348,530 | ~2.0465% | ~$7,149,365 | +13124.6% |
| 2027 | ~$7,122,668 | ~$7,122,668 | ~1.9977% | ~$142,287 | +169.6% |
| 2028 | ~$19,204,837 | ~$19,204,837 | ~1.9488% | ~$374,271 | +627.0% |
| 2029 | ~$51,781,967 | ~$51,781,967 | ~1.9000% | ~$983,866 | +1860.2% |
| 2030 | ~$139,619,625 | ~$139,619,625 | ~1.8512% | ~$2,584,630 | +5185.3% |
| 2031 | ~$376,456,144 | ~$376,456,144 | ~1.8024% | ~$6,785,137 | +14150.8% |
In 2025, this property's market value of $2,495,091 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +80% 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 | $2,495,091 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $137,807 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $137,807 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 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 | 2023–2024 | 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 | 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 | — |