1401 E 6 ST 2 TX 78702
| Owner | CENTRO SOUTH LP |
|---|---|
| Parcel ID | 0204063203 |
| Short ID | 937620 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 93,337 SF |
| Land SF | 75,559 SF |
| Acres | 1.735 |
| Year Built | 2020 |
| Legal | UNT 2 CENTRO MASTER CONDOMINIUM PLUS 48.77 % INT IN COM AREA |
| Neighborhood | 51EAS |
| Land | $7,125,225 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,125,225 |
| Improvement | $75,589,276 |
|---|---|
| Total Improvement | $75,589,276 |
| Market | $82,714,501 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $82,714,501 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $82,714,501 |
| Taxable Value | $82,714,501 |
|---|
Appreciation: Market value has risen +1006.3% from $7,476,642 (2021) to $82,714,501 (2025), a CAGR of 82.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 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 $1,692,740. 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 9% of market value ($7,125,225 land vs $75,589,276 improvements), about $94/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $82,714,501, this parcel sits in the top quartile (≥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 +57.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $699,181,788 by 2031, with an estimated annual tax burden around $2,193,478. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 139,428 SF | ✓ |
| 5TH | 5th Floor | 35,650 SF | ✓ |
| 4TH | 4th Floor | 35,600 SF | ✓ |
| 3RD | 3rd Floor | 35,270 SF | ✓ |
| 2ND | 2nd Floor | 34,400 SF | ✓ |
| 1ST | 1st Floor | 23,667 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% | $719,343.00 | $719,343.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $407,423.22 | $407,423.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $292,219.49 | $292,219.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $91,762.88 | $91,762.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $80,393.50 | $80,393.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,591,142.09 | $1,591,142.09 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $719,343.00 | 45.2% |
| CAT City of Austin | 0.5240% | $407,423.22 | 25.6% |
| TCO Travis County | 0.3758% | $292,219.49 | 18.4% |
| THD Travis Central Health | 0.1180% | $91,762.88 | 5.8% |
| ACT Austin Community College | 0.1034% | $80,393.50 | 5.1% |
| Total | 2.0465% | $1,591,142.09 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $72,301,673 | $82,714,501 | -12.6% |
| Assessed Value | $72,301,673 | $82,714,501 | -12.6% |
| Land Value | $7,125,225 | $7,125,225 | +0.0% |
| Improvement Value | $65,176,448 | $75,589,276 | -13.8% |
| Taxable Value | $72,301,673 | $82,714,501 | -12.6% |
| Total Tax 2026 = estimate |
~$1,479,643
Estimated
|
~$1,591,142
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $72,301,673 | $7,125,225 | $65,176,448 | — | $72,301,673 | $72,301,673 | Not yet — post-cert | Preliminary |
| 2025 | $82,714,501 | $7,125,225 | $75,589,276 | — | $82,714,501 | $82,714,501 | ~$1,591,142 | Partial |
| 2024 | $89,973,995 | $7,125,225 | $82,848,770 | — | $89,973,995 | $89,973,995 | $1,731,347 | Verified |
| 2023 | $92,889,002 | $7,125,225 | $85,763,777 | — | $92,889,002 | $92,889,002 | $1,680,591 | Verified |
| 2022 | $19,143,715 | $4,411,330 | $14,732,385 | — | $19,143,715 | $19,143,715 | $378,074 | Verified |
| 2021 | $7,476,642 | $4,411,330 | $3,065,312 | — | $7,476,642 | $7,476,642 | $162,742 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2025 | -8.1% | -8.1% | ~100% | Not available | Partial |
| 2024 | -3.1% | -3.1% | ~100% | No billing data | Verified |
| 2023 | +385.2% ! | +385.2% | ~100% | No billing data | Verified |
| 2022 | +156.0% ! | +156.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1006.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.6% | +103.5% | +57.4% | +385.2% | 2023 | -12.6% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,591,142 | $1,108,779 | ~$1,886,516 | $1,731,347 | 2024 | $162,742 | 2021 |
Market value changed by 156% 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 | ~$113,824,748 | ~$79,531,840 | ~2.0139% | ~$1,601,721 | +57.4% |
| 2028 | ~$179,194,655 | ~$87,485,024 | ~1.9814% | ~$1,733,418 | +147.8% |
| 2029 | ~$282,106,701 | ~$96,233,527 | ~1.9488% | ~$1,875,437 | +290.2% |
| 2030 | ~$444,121,456 | ~$105,856,879 | ~1.9163% | ~$2,028,526 | +514.3% |
| 2031 | ~$699,181,788 | ~$116,442,567 | ~1.8837% | ~$2,193,478 | +867.0% |
| 2027 | ~$112,378,715 | ~$79,531,840 | ~2.0465% | ~$1,627,607 | +55.4% |
| 2028 | ~$174,670,585 | ~$87,485,024 | ~2.0465% | ~$1,790,368 | +141.6% |
| 2029 | ~$271,491,033 | ~$96,233,527 | ~2.0465% | ~$1,969,405 | +275.5% |
| 2030 | ~$421,979,356 | ~$105,856,879 | ~2.0465% | ~$2,166,345 | +483.6% |
| 2031 | ~$655,883,824 | ~$116,442,567 | ~2.0465% | ~$2,382,980 | +807.1% |
| 2027 | ~$115,270,782 | ~$79,531,840 | ~1.9977% | ~$1,588,778 | +59.4% |
| 2028 | ~$183,776,565 | ~$87,485,024 | ~1.9488% | ~$1,704,943 | +154.2% |
| 2029 | ~$292,995,549 | ~$96,233,527 | ~1.9000% | ~$1,828,453 | +305.2% |
| 2030 | ~$467,123,713 | ~$105,856,879 | ~1.8512% | ~$1,959,616 | +546.1% |
| 2031 | ~$744,736,787 | ~$116,442,567 | ~1.8024% | ~$2,098,727 | +930.0% |
In 2025, this property's market value of $82,714,501 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 60× 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 | $82,714,501 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $89,973,995 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $92,889,002 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $19,143,715 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $7,476,642 | $538,645 | $1,173,514 | $2,782,974 | ↑ 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 | — |