209 W 8 ST TX 78701
| Owner | CANILE COMPANY L C THE |
|---|---|
| Parcel ID | 0206012010 |
| Short ID | 194342 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 69,852 SF |
| Land SF | 23,552 SF |
| Acres | 0.541 |
| Year Built | 1998 |
| Legal | LOT 9-12 BLOCK 082 ORIGINAL CITY |
| Neighborhood | 87004 |
| Land | $12,247,040 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,247,040 |
| Improvement | $1,737 |
|---|---|
| Total Improvement | $1,737 |
| Market | $12,248,777 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,248,777 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,248,777 |
| Taxable Value | $12,248,777 |
|---|
Appreciation: Market value has fallen +0.0% from $12,248,777 (2021) to $12,248,777 (2025), a CAGR of 0.0% over 4 years. Growth has been relatively flat for this asset class. 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 $250,669. Austin ISD is the largest single contributor, at 43.3% 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 100% of market value ($12,247,040 land vs $1,737 improvements), about $520/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $12,248,777, 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 +18.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $65,219,690 by 2031, with an estimated annual tax burden around $857,473. 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 88,048 SF | ✗ |
| 1ST | 1st Floor | 23,348 SF | ✓ |
| 2ND | 2nd Floor | 23,252 SF | ✓ |
| 3RD | 3rd Floor | 23,252 SF | ✓ |
| 4TH | 4th Floor | 18,196 SF | ✓ |
| 501 | CANOPY | 300 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% | $113,325.68 | $113,325.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $64,180.21 | $64,180.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $46,036.42 | $46,036.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,456.37 | $14,456.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,665.24 | $12,665.24 | Paid |
| P2U | — | — | — | — | — | — | $10,866.65 | $10,866.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $261,530.57 | $261,530.57 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $113,325.68 | 43.3% |
| CAT City of Austin | 0.5240% | $64,180.21 | 24.5% |
| TCO Travis County | 0.3758% | $46,036.42 | 17.6% |
| THD Travis Central Health | 0.1180% | $14,456.37 | 5.5% |
| ACT Austin Community College | 0.1034% | $12,665.24 | 4.8% |
| P2U | — | $10,866.65 | 4.2% |
| Total | 2.0465% 5 of 6 | $261,530.57 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $28,264,137 | $12,248,777 | +130.8% |
| Assessed Value | $28,264,137 | $12,248,777 | +130.8% |
| Land Value | $28,262,400 | $12,247,040 | +130.8% |
| Improvement Value | $1,737 | $1,737 | +0.0% |
| Taxable Value | $28,264,137 | $12,248,777 | +130.8% |
| Total Tax 2026 = estimate |
~$578,421
Estimated
|
~$261,531
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $28,264,137 | $28,262,400 | $1,737 | — | $28,264,137 | $28,264,137 | Not yet — post-cert | Preliminary |
| 2025 | $12,248,777 | $12,247,040 | $1,737 | — | $12,248,777 | $12,248,777 | ~$261,531 | Partial |
| 2024 | $12,248,777 | $12,247,040 | $1,737 | — | $12,248,777 | $12,248,777 | $253,610 | Verified |
| 2023 | $12,248,777 | $12,247,040 | $1,737 | — | $12,248,777 | $12,248,777 | $232,473 | Verified |
| 2022 | $12,248,777 | $12,247,040 | $1,737 | — | $12,248,777 | $12,248,777 | $253,647 | Verified |
| 2021 | $12,248,777 | $12,247,040 | $1,737 | — | $12,248,777 | $12,248,777 | $278,359 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +130.8% ! | +130.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +130.8% | +26.2% | +18.2% | +130.8% | 2026 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$261,531 | $255,924 | ~$737,476 | $278,359 | 2021 | $232,473 | 2023 |
Market value changed by 131% 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 | ~$33,409,066 | ~$31,090,551 | ~2.0139% | ~$626,144 | +18.2% |
| 2028 | ~$39,490,527 | ~$34,199,606 | ~1.9814% | ~$677,627 | +39.7% |
| 2029 | ~$46,678,999 | ~$37,619,566 | ~1.9488% | ~$733,145 | +65.2% |
| 2030 | ~$55,175,990 | ~$41,381,523 | ~1.9163% | ~$792,990 | +95.2% |
| 2031 | ~$65,219,690 | ~$45,519,675 | ~1.8837% | ~$857,473 | +130.8% |
| 2027 | ~$32,843,783 | ~$31,090,551 | ~2.0465% | ~$636,263 | +16.2% |
| 2028 | ~$38,165,470 | ~$34,199,606 | ~2.0465% | ~$699,890 | +35.0% |
| 2029 | ~$44,349,432 | ~$37,619,566 | ~2.0465% | ~$769,879 | +56.9% |
| 2030 | ~$51,535,382 | ~$41,381,523 | ~2.0465% | ~$846,867 | +82.3% |
| 2031 | ~$59,885,675 | ~$45,519,675 | ~2.0465% | ~$931,553 | +111.9% |
| 2027 | ~$33,974,348 | ~$31,090,551 | ~1.9977% | ~$621,084 | +20.2% |
| 2028 | ~$40,838,195 | ~$34,199,606 | ~1.9488% | ~$666,495 | +44.5% |
| 2029 | ~$49,088,747 | ~$37,619,566 | ~1.9000% | ~$714,778 | +73.7% |
| 2030 | ~$59,006,160 | ~$41,381,523 | ~1.8512% | ~$766,052 | +108.8% |
| 2031 | ~$70,927,191 | ~$45,519,675 | ~1.8024% | ~$820,434 | +150.9% |
In 2025, this property's market value of $12,248,777 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 9× 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 | $12,248,777 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $12,248,777 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $12,248,777 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $12,248,777 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $12,248,777 | $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 | — |