604 E 7 ST TX 78701
| Owner | HEARD ENTERTAINMENT TEXAS LLC |
|---|---|
| Parcel ID | 0206041209 |
| Short ID | 194639 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 3,600 SF |
| Land SF | 7,680 SF |
| Acres | 0.176 |
| Year Built | 1968 |
| Legal | E 31FT OF LOT 2 *& W 29FT OF LOT 3 BLOCK 089 ORIGINAL CITY |
| Neighborhood | 31CBD |
| Land | $2,688,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,688,000 |
| Improvement | $61,334 |
|---|---|
| Total Improvement | $61,334 |
| Market | $2,749,334 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,749,334 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,749,334 |
| Taxable Value | $2,749,334 |
|---|
Appreciation: Market value has risen +88.9% from $1,455,317 (2021) to $2,749,334 (2025), a CAGR of 17.2% 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 $56,265. 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 98% of market value ($2,688,000 land vs $61,334 improvements), about $350/SF of land. With value concentrated in the land under a ~58-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 $2,749,334, 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 +6.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,707,965 by 2031, with an estimated annual tax burden around $51,011. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,600 SF | ✓ |
| 491 | SPRINKLER HEADS | 3,600 SF | ✗ |
| 551 | PAVED AREA | 2,400 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +1,276 |
| Travis County | 0.3444% | 0.3758% | +863 |
| Austin ISD | 0.9505% | 0.9252% | -696 |
| Travis Central Health | 0.1080% | 0.1180% | +276 |
| Austin Community College | 0.1013% | 0.1034% | +58 |
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% | $25,436.84 | $— | $25,436.84 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,406.98 | $— | $14,406.98 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,333.23 | $— | $10,333.23 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,244.85 | $— | $3,244.85 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,842.81 | $— | $2,842.81 |
| P2U | — | — | — | — | — | — | $2,080.63 | $— | $2,080.63 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $58,345.34 | $0.00 | $58,345.34 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $25,436.84 | 43.6% |
| CAT City of Austin | 0.5240% | $14,406.98 | 24.7% |
| TCO Travis County | 0.3758% | $10,333.23 | 17.7% |
| THD Travis Central Health | 0.1180% | $3,244.85 | 5.6% |
| ACT Austin Community College | 0.1034% | $2,842.81 | 4.9% |
| P2U | — | $2,080.63 | 3.6% |
| Total | 2.0465% 5 of 6 | $58,345.34 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,985,182 | $2,749,334 | -27.8% |
| Assessed Value | $1,985,182 | $2,749,334 | -27.8% |
| Land Value | $1,920,000 | $2,688,000 | -28.6% |
| Improvement Value | $65,182 | $61,334 | +6.3% |
| Taxable Value | $1,985,182 | $2,749,334 | -27.8% |
| Total Tax 2026 = estimate |
~$40,626
Estimated
|
$58,345 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,985,182 | $1,920,000 | $65,182 | — | $1,985,182 | $1,985,182 | Not yet — post-cert | Preliminary |
| 2025 | $2,749,334 | $2,688,000 | $61,334 | — | $2,749,334 | $2,749,334 | $58,345 | Verified |
| 2024 | $2,809,740 | $2,688,000 | $121,740 | −$1,009,740 | $1,800,000 | $1,800,000 | $36,875 | Verified |
| 2023 | $1,500,000 | $1,036,800 | $463,200 | — | $1,500,000 | $1,500,000 | $28,064 | Verified |
| 2022 | $1,250,000 | $1,036,800 | $213,200 | — | $1,250,000 | $1,250,000 | $25,437 | Verified |
| 2021 | $1,455,317 | $1,036,800 | $418,517 | — | $1,455,317 | $1,455,317 | $31,260 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -27.8% | -27.8% | ~100% | Not available | Partial |
| 2025 | -2.1% | +52.7% | ~100% | 2.1200% | Verified |
| 2024 | +87.3% ! | +20.0% | 64.1% | No billing data | Verified |
| 2023 | +20.0% | +20.0% | ~100% | No billing data | Verified |
| 2022 | -14.1% | -14.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -27.8% | +12.7% | +6.4% | +87.3% | 2024 | -27.8% | 2026 |
| Assessment Ratio | 100.0% | 94.0% | — | 100.0% | 2021 | 64.1% | 2024 |
| Effective Tax Rate (2025) | 2.1200% | 2.1200% | — | 2.1200% | 2025 | 2.1200% | 2025 |
| Tax Amount | $58,345 | $35,996 | ~$46,693 | $58,345 | 2025 | $25,437 | 2022 |
Market value changed by 87% 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 | ~$2,112,365 | ~$2,112,365 | ~2.0139% | ~$42,542 | +6.4% |
| 2028 | ~$2,247,695 | ~$2,247,695 | ~1.9814% | ~$44,536 | +13.2% |
| 2029 | ~$2,391,696 | ~$2,391,696 | ~1.9488% | ~$46,610 | +20.5% |
| 2030 | ~$2,544,922 | ~$2,544,922 | ~1.9163% | ~$48,768 | +28.2% |
| 2031 | ~$2,707,965 | ~$2,707,965 | ~1.8837% | ~$51,011 | +36.4% |
| 2027 | ~$2,072,661 | ~$2,072,661 | ~2.0465% | ~$42,417 | +4.4% |
| 2028 | ~$2,163,995 | ~$2,163,995 | ~2.0465% | ~$44,286 | +9.0% |
| 2029 | ~$2,259,353 | ~$2,259,353 | ~2.0465% | ~$46,237 | +13.8% |
| 2030 | ~$2,358,914 | ~$2,358,914 | ~2.0465% | ~$48,275 | +18.8% |
| 2031 | ~$2,462,861 | ~$2,462,861 | ~2.0465% | ~$50,402 | +24.1% |
| 2027 | ~$2,152,068 | ~$2,152,068 | ~1.9977% | ~$42,991 | +8.4% |
| 2028 | ~$2,332,984 | ~$2,332,984 | ~1.9488% | ~$45,466 | +17.5% |
| 2029 | ~$2,529,108 | ~$2,529,108 | ~1.9000% | ~$48,053 | +27.4% |
| 2030 | ~$2,741,720 | ~$2,741,720 | ~1.8512% | ~$50,755 | +38.1% |
| 2031 | ~$2,972,206 | ~$2,972,206 | ~1.8024% | ~$53,570 | +49.7% |
In 2025, this property's market value of $2,749,334 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +99% 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 | $2,749,334 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,809,740 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $1,500,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,250,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,455,317 | $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 | Verified |
| 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 | — |