1192 AIRPORT BLVD TX 78702
| Owner | AIRPORT PADS LLC |
|---|---|
| Parcel ID | 0209150230 |
| Short ID | 198917 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,284 SF |
| Land SF | 20,473 SF |
| Acres | 0.470 |
| Year Built | 2004 |
| Legal | LOT 2 GODFREY ONE |
| Neighborhood | 30CEN |
| Land | $1,842,570 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,842,570 |
| Improvement | $629,622 |
|---|---|
| Total Improvement | $629,622 |
| Market | $2,472,192 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,472,192 |
| Value Limitation Adjustment (−) (homestead cap) | −$315,731 |
| Net Appraised (assessed) | $2,156,461 |
| Taxable Value | $2,156,461 |
|---|
Appreciation: Market value has risen +74.8% from $1,414,533 (2021) to $2,472,192 (2025), a CAGR of 15.0% 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 $44,132. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,156,461) is $315,731 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 75% of market value ($1,842,570 land vs $629,622 improvements), about $90/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 $2,472,192, 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 +12.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,463,947 by 2031, with an estimated annual tax burden around $76,234. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 7,000 SF | ✗ |
| 1ST | 1st Floor | 4,284 SF | ✓ |
| 611 | TERRACE | 510 SF | ✗ |
| 482 | LIGHT POLES | 1 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% | $19,951.58 | $19,951.58 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,300.22 | $11,300.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,104.95 | $8,104.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,545.12 | $2,545.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,229.78 | $2,229.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $44,131.65 | $44,131.65 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $19,951.58 | 45.2% |
| CAT City of Austin | 0.5240% | $11,300.22 | 25.6% |
| TCO Travis County | 0.3758% | $8,104.95 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,545.12 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,229.78 | 5.1% |
| Total | 2.0465% | $44,131.65 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,512,847 | $2,472,192 | +1.6% |
| Assessed Value | $2,512,847 | $2,156,461 | +16.5% |
| Land Value | $1,842,570 | $1,842,570 | +0.0% |
| Improvement Value | $670,277 | $629,622 | +6.5% |
| Taxable Value | $2,512,847 | $2,156,461 | +16.5% |
| Total Tax 2026 = estimate |
~$51,425
Estimated
|
~$44,132
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,512,847 | $1,842,570 | $670,277 | — | $2,512,847 | $2,512,847 | Not yet — post-cert | Preliminary |
| 2025 | $2,472,192 | $1,842,570 | $629,622 | −$315,731 | $2,156,461 | $2,156,461 | ~$44,132 | Partial |
| 2024 | $2,465,723 | $1,842,570 | $623,153 | — | $2,465,723 | $2,465,723 | $35,614 | Verified |
| 2023 | $2,319,093 | $1,842,570 | $476,523 | — | $2,319,093 | $2,319,093 | $41,958 | Verified |
| 2022 | $1,466,785 | $818,920 | $647,865 | — | $1,466,785 | $1,466,785 | $28,968 | Verified |
| 2021 | $1,414,533 | $716,555 | $697,978 | — | $1,414,533 | $1,414,533 | $30,790 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.6% | +16.5% | ~100% | Not available | Partial |
| 2025 | +0.3% | -12.5% | 87.2% | Not available | Partial |
| 2024 | +6.3% | +6.3% | ~100% | No billing data | Verified |
| 2023 | +58.1% | +58.1% | ~100% | No billing data | Verified |
| 2022 | +3.7% | +3.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +74.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.6% | +14.0% | +12.2% | +58.1% | 2023 | +0.3% | 2025 |
| Assessment Ratio | 100.0% | 97.9% | — | 100.0% | 2021 | 87.2% | 2025 |
| Effective Tax Rate (2025) | 1.7900% | 1.7900% | — | 1.7900% | 2025 | 1.7900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$44,132 | $36,292 | ~$65,566 | $44,132 | 2025 | $28,968 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,818,880 | ~$2,764,132 | ~2.0139% | ~$55,668 | +12.2% |
| 2028 | ~$3,162,185 | ~$3,040,545 | ~1.9814% | ~$60,245 | +25.8% |
| 2029 | ~$3,547,299 | ~$3,344,599 | ~1.9488% | ~$65,181 | +41.2% |
| 2030 | ~$3,979,316 | ~$3,679,059 | ~1.9163% | ~$70,501 | +58.4% |
| 2031 | ~$4,463,947 | ~$4,046,965 | ~1.8837% | ~$76,234 | +77.6% |
| 2027 | ~$2,768,623 | ~$2,764,132 | ~2.0465% | ~$56,568 | +10.2% |
| 2028 | ~$3,050,435 | ~$3,040,545 | ~2.0465% | ~$62,224 | +21.4% |
| 2029 | ~$3,360,931 | ~$3,344,599 | ~2.0465% | ~$68,447 | +33.7% |
| 2030 | ~$3,703,031 | ~$3,679,059 | ~2.0465% | ~$75,291 | +47.4% |
| 2031 | ~$4,079,954 | ~$4,046,965 | ~2.0465% | ~$82,821 | +62.4% |
| 2027 | ~$2,869,137 | ~$2,764,132 | ~1.9977% | ~$55,218 | +14.2% |
| 2028 | ~$3,275,945 | ~$3,040,545 | ~1.9488% | ~$59,255 | +30.4% |
| 2029 | ~$3,740,433 | ~$3,344,599 | ~1.9000% | ~$63,548 | +48.9% |
| 2030 | ~$4,270,780 | ~$3,679,059 | ~1.8512% | ~$68,107 | +70.0% |
| 2031 | ~$4,876,323 | ~$4,046,965 | ~1.8024% | ~$72,941 | +94.1% |
In 2025, this property's market value of $2,472,192 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +79% 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 | $2,472,192 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,465,723 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,319,093 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,466,785 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,414,533 | $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 | — |