912 RED RIVER ST TX 78701
| Owner | 912 RED RIVER HOLDINGS LLC |
|---|---|
| Parcel ID | 0206040907 |
| Short ID | 194615 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 4,073 SF |
| Land SF | 8,832 SF |
| Acres | 0.203 |
| Year Built | 1900 |
| Legal | LOT 5 BLOCK 114 ORIGINAL CITY |
| Neighborhood | 31CBD |
| Land | $3,091,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,091,200 |
| Improvement | $73,190 |
|---|---|
| Total Improvement | $73,190 |
| Market | $3,164,390 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,164,390 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,043,298 |
| Net Appraised (assessed) | $2,121,092 |
| Taxable Value | $2,121,092 |
|---|
Appreciation: Market value has risen +121.0% from $1,431,942 (2021) to $3,164,390 (2025), a CAGR of 21.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $43,408. Austin ISD is the largest single contributor, at 43.7% of the total 2025 levy.
Assessment Gap: Assessed value ($2,121,092) is $1,043,298 below market value, suggesting potential for an upward assessment in future years.
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 98% of market value ($3,091,200 land vs $73,190 improvements), about $350/SF of land. With value concentrated in the land under a ~126-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 $3,164,390, 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 +20.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,103,170 by 2031, with an estimated annual tax burden around $77,219. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,993 SF | ✓ |
| 551 | PAVED AREA | 2,520 SF | ✗ |
| 611 | TERRACE | 2,207 SF | ✗ |
| 2ND | 2nd Floor | 1,080 SF | ✓ |
| 501 | CANOPY | 515 SF | ✗ |
| 437 | FENCE MASON LF | 100 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% | $19,624.34 | $19,624.34 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,114.88 | $11,114.88 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,972.02 | $7,972.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,503.38 | $2,503.38 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,193.21 | $2,193.21 | Paid |
| P2U | — | — | — | — | — | — | $1,499.51 | $1,499.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $44,907.34 | $44,907.34 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $19,624.34 | 43.7% |
| CAT City of Austin | 0.5240% | $11,114.88 | 24.8% |
| TCO Travis County | 0.3758% | $7,972.02 | 17.8% |
| THD Travis Central Health | 0.1180% | $2,503.38 | 5.6% |
| ACT Austin Community College | 0.1034% | $2,193.21 | 4.9% |
| P2U | — | $1,499.51 | 3.3% |
| Total | 2.0465% 5 of 6 | $44,907.34 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,610,431 | $3,164,390 | +14.1% |
| Assessed Value | $2,545,310 | $2,121,092 | +20.0% |
| Land Value | $3,532,800 | $3,091,200 | +14.3% |
| Improvement Value | $77,631 | $73,190 | +6.1% |
| Taxable Value | $2,545,310 | $2,121,092 | +20.0% |
| HS Cap Loss | -$1,065,121 | — | |
| Total Tax 2026 = estimate |
~$52,089
Estimated
|
~$44,907
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,610,431 | $3,532,800 | $77,631 | −$1,065,121 | $2,545,310 | $2,545,310 | Not yet — post-cert | Preliminary |
| 2025 | $3,164,390 | $3,091,200 | $73,190 | −$1,043,298 | $2,121,092 | $2,121,092 | ~$44,907 | Partial |
| 2024 | $3,236,508 | $3,091,200 | $145,308 | −$1,468,931 | $1,767,577 | $1,767,577 | $36,203 | Verified |
| 2023 | $1,472,981 | $1,324,800 | $148,181 | — | $1,472,981 | $1,472,981 | $27,550 | Verified |
| 2022 | $1,433,279 | $1,324,800 | $108,479 | — | $1,433,279 | $1,433,279 | $29,239 | Verified |
| 2021 | $1,431,942 | $1,324,800 | $107,142 | — | $1,431,942 | $1,431,942 | $32,101 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.1% | +20.0% | 70.5% | Not available | Partial |
| 2025 | -2.2% | +20.0% | 67.0% | Not available | Partial |
| 2024 | +119.7% ! | +20.0% | 54.6% | No billing data | Verified |
| 2023 | +2.8% | +2.8% | ~100% | No billing data | Verified |
| 2022 | +0.1% | +0.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +121.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.1% | +26.9% | +20.3% | +119.7% | 2024 | -2.2% | 2025 |
| Assessment Ratio | 70.5% | 82.0% | — | 100.0% | 2021 | 54.6% | 2024 |
| Effective Tax Rate (2025) | 1.4200% | 1.4200% | — | 1.4200% | 2025 | 1.4200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$44,907 | $34,000 | ~$66,413 | $44,907 | 2025 | $27,550 | 2023 |
Market value changed by 120% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,343,960 | ~$2,799,841 | ~2.0139% | ~$56,387 | +20.3% |
| 2028 | ~$5,226,519 | ~$3,079,825 | ~1.9814% | ~$61,023 | +44.8% |
| 2029 | ~$6,288,386 | ~$3,387,808 | ~1.9488% | ~$66,023 | +74.2% |
| 2030 | ~$7,565,993 | ~$3,726,588 | ~1.9163% | ~$71,412 | +109.6% |
| 2031 | ~$9,103,170 | ~$4,099,247 | ~1.8837% | ~$77,219 | +152.1% |
| 2027 | ~$4,271,751 | ~$2,799,841 | ~2.0465% | ~$57,298 | +18.3% |
| 2028 | ~$5,054,204 | ~$3,079,825 | ~2.0465% | ~$63,028 | +40.0% |
| 2029 | ~$5,979,979 | ~$3,387,808 | ~2.0465% | ~$69,331 | +65.6% |
| 2030 | ~$7,075,328 | ~$3,726,588 | ~2.0465% | ~$76,264 | +96.0% |
| 2031 | ~$8,371,310 | ~$4,099,247 | ~2.0465% | ~$83,890 | +131.9% |
| 2027 | ~$4,416,168 | ~$2,799,841 | ~1.9977% | ~$55,931 | +22.3% |
| 2028 | ~$5,401,721 | ~$3,079,825 | ~1.9488% | ~$60,021 | +49.6% |
| 2029 | ~$6,607,219 | ~$3,387,808 | ~1.9000% | ~$64,369 | +83.0% |
| 2030 | ~$8,081,747 | ~$3,726,588 | ~1.8512% | ~$68,986 | +123.8% |
| 2031 | ~$9,885,345 | ~$4,099,247 | ~1.8024% | ~$73,884 | +173.8% |
In 2025, this property's market value of $3,164,390 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +129% 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 | $3,164,390 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $3,236,508 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $1,472,981 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,433,279 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,431,942 | $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 | — |