1122 AIRPORT BLVD TX 78702
| Owner | CHAMPENY LIVING TRUST |
|---|---|
| Parcel ID | 0206150503 |
| Short ID | 195509 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,986 SF |
| Land SF | 17,860 SF |
| Acres | 0.410 |
| Year Built | 1953 |
| Legal | .41 AC OLT 49 DIVISION A |
| Neighborhood | 30CEN |
| Land | $1,607,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,607,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $938,468 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $938,468 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $938,468 |
| Taxable Value | $938,468 |
|---|
Appreciation: Market value has risen +55.6% from $603,099 (2021) to $938,468 (2025), a CAGR of 11.7% 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 $19,206. 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 171% of market value ($1,607,400 land vs $0 improvements), about $90/SF of land. With value concentrated in the land under a ~73-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 $938,468, this parcel sits in the lower-middle (25th–50th 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 +9.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,460,328 by 2031, with an estimated annual tax burden around $27,509. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,986 SF | ✓ |
| 501 | CANOPY | 616 SF | ✗ |
| 327 | STORAGE COMM'L | 420 SF | ✓ |
| 611 | TERRACE | 384 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% | $8,682.71 | $8,682.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,917.73 | $4,917.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,527.19 | $3,527.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,107.61 | $1,107.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $970.38 | $970.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,205.62 | $19,205.62 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,682.71 | 45.2% |
| CAT City of Austin | 0.5240% | $4,917.73 | 25.6% |
| TCO Travis County | 0.3758% | $3,527.19 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,107.61 | 5.8% |
| ACT Austin Community College | 0.1034% | $970.38 | 5.1% |
| Total | 2.0465% | $19,205.62 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $938,468 | $938,468 | +0.0% |
| Assessed Value | $938,468 | $938,468 | +0.0% |
| Land Value | $1,607,400 | $1,607,400 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $938,468 | $938,468 | +0.0% |
| Total Tax 2026 = estimate |
~$19,206
Estimated
|
~$19,206
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $938,468 | $1,607,400 | — | — | $938,468 | $938,468 | Not yet — post-cert | Preliminary |
| 2025 | $938,468 | $1,607,400 | — | — | $938,468 | $938,468 | ~$19,206 | Partial |
| 2024 | $938,468 | $1,607,400 | — | — | $938,468 | $938,468 | $18,599 | Verified |
| 2023 | $1,342,316 | $1,607,400 | — | — | $1,342,316 | $1,342,316 | $16,659 | Verified |
| 2022 | $745,395 | $625,100 | $120,295 | — | $745,395 | $745,395 | $13,674 | Verified |
| 2021 | $603,099 | $535,800 | $67,299 | — | $603,099 | $603,099 | $13,128 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -30.1% | -30.1% | ~100% | No billing data | Verified |
| 2023 | +80.1% ! | +80.1% | ~100% | No billing data | Verified |
| 2022 | +23.6% | +23.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +55.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +14.7% | +9.2% | +80.1% | 2023 | -30.1% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,206 | $16,253 | ~$23,962 | $19,206 | 2025 | $13,128 | 2021 |
Market value changed by 80% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,025,240 | ~$1,025,240 | ~2.0139% | ~$20,648 | +9.2% |
| 2028 | ~$1,120,036 | ~$1,120,036 | ~1.9814% | ~$22,192 | +19.3% |
| 2029 | ~$1,223,596 | ~$1,223,596 | ~1.9488% | ~$23,846 | +30.4% |
| 2030 | ~$1,336,731 | ~$1,336,731 | ~1.9163% | ~$25,616 | +42.4% |
| 2031 | ~$1,460,328 | ~$1,460,328 | ~1.8837% | ~$27,509 | +55.6% |
| 2027 | ~$1,006,471 | ~$1,006,471 | ~2.0465% | ~$20,597 | +7.2% |
| 2028 | ~$1,079,401 | ~$1,079,401 | ~2.0465% | ~$22,090 | +15.0% |
| 2029 | ~$1,157,616 | ~$1,157,616 | ~2.0465% | ~$23,690 | +23.4% |
| 2030 | ~$1,241,499 | ~$1,241,499 | ~2.0465% | ~$25,407 | +32.3% |
| 2031 | ~$1,331,460 | ~$1,331,460 | ~2.0465% | ~$27,248 | +41.9% |
| 2027 | ~$1,044,010 | ~$1,032,315 | ~1.9977% | ~$20,622 | +11.2% |
| 2028 | ~$1,161,421 | ~$1,135,546 | ~1.9488% | ~$22,130 | +23.8% |
| 2029 | ~$1,292,036 | ~$1,249,101 | ~1.9000% | ~$23,733 | +37.7% |
| 2030 | ~$1,437,340 | ~$1,374,011 | ~1.8512% | ~$25,436 | +53.2% |
| 2031 | ~$1,598,986 | ~$1,511,412 | ~1.8024% | ~$27,241 | +70.4% |
In 2025, this property's market value of $938,468 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -32% below 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 | $938,468 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $938,468 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $1,342,316 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $745,395 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $603,099 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below 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 | — |