1181 AIRPORT BLVD TX 78702
| Owner | BBJM INC |
|---|---|
| Parcel ID | 0209150314 |
| Short ID | 198931 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 11,040 SF |
| Land SF | 31,711 SF |
| Acres | 0.728 |
| Year Built | 1953 |
| Legal | .728AC OF OLT 15 DIVISION B |
| Neighborhood | 43CEN |
| Land | $2,536,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,536,880 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,200,000 |
| Taxable Value | $2,200,000 |
|---|
Appreciation: Market value has risen +20.6% from $1,824,455 (2021) to $2,200,000 (2025), a CAGR of 4.8% over 4 years. This represents moderate, steady growth. 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 $45,023. 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 115% of market value ($2,536,880 land vs $0 improvements), about $80/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 $2,200,000, 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 +8.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,958,510 by 2031, with an estimated annual tax burden around $74,568. 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 | 11,040 SF | ✓ |
| 551 | PAVED AREA | 8,300 SF | ✗ |
| 611 | TERRACE | 834 SF | ✗ |
| 501 | CANOPY | 702 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% | $20,354.40 | $20,354.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,528.37 | $11,528.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,268.59 | $8,268.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,596.51 | $2,596.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,274.80 | $2,274.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $45,022.67 | $45,022.67 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $20,354.40 | 45.2% |
| CAT City of Austin | 0.5240% | $11,528.37 | 25.6% |
| TCO Travis County | 0.3758% | $8,268.59 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,596.51 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,274.80 | 5.1% |
| Total | 2.0465% | $45,022.67 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,687,401 | $2,200,000 | +22.2% |
| Assessed Value | $2,640,000 | $2,200,000 | +20.0% |
| Land Value | $2,536,880 | $2,536,880 | +0.0% |
| Improvement Value | $150,521 | — | — |
| Taxable Value | $2,640,000 | $2,200,000 | +20.0% |
| HS Cap Loss | -$47,401 | — | |
| Total Tax 2026 = estimate |
~$54,027
Estimated
|
~$45,023
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,687,401 | $2,536,880 | $150,521 | −$47,401 | $2,640,000 | $2,640,000 | Not yet — post-cert | Preliminary |
| 2025 | $2,200,000 | $2,536,880 | — | — | $2,200,000 | $2,200,000 | ~$45,023 | Partial |
| 2024 | $2,500,000 | $2,536,880 | — | — | $2,500,000 | $2,500,000 | $49,545 | Verified |
| 2023 | $2,500,000 | $2,853,990 | — | — | $2,500,000 | $2,500,000 | $45,231 | Verified |
| 2022 | $1,884,529 | $1,109,885 | $774,644 | — | $1,884,529 | $1,884,529 | $37,218 | Verified |
| 2021 | $1,824,455 | $1,109,885 | $714,570 | — | $1,824,455 | $1,824,455 | $39,713 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.2% | +20.0% | 98.2% | Not available | Partial |
| 2025 | -12.0% | -12.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +32.7% | +32.7% | ~100% | No billing data | Verified |
| 2022 | +3.3% | +3.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +22.2% | +9.2% | +8.1% | +32.7% | 2023 | -12.0% | 2025 |
| Assessment Ratio | 98.2% | 99.7% | — | 100.0% | 2021 | 98.2% | 2026 |
| 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 |
$45,023 | $43,346 | ~$66,299 | $49,545 | 2024 | $37,218 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,903,838 | ~$2,903,838 | ~2.0139% | ~$58,481 | +8.1% |
| 2028 | ~$3,137,706 | ~$3,137,706 | ~1.9814% | ~$62,170 | +16.8% |
| 2029 | ~$3,390,409 | ~$3,390,409 | ~1.9488% | ~$66,074 | +26.2% |
| 2030 | ~$3,663,464 | ~$3,663,464 | ~1.9163% | ~$70,203 | +36.3% |
| 2031 | ~$3,958,510 | ~$3,958,510 | ~1.8837% | ~$74,568 | +47.3% |
| 2027 | ~$2,850,090 | ~$2,850,090 | ~2.0465% | ~$58,327 | +6.1% |
| 2028 | ~$3,022,627 | ~$3,022,627 | ~2.0465% | ~$61,858 | +12.5% |
| 2029 | ~$3,205,610 | ~$3,205,610 | ~2.0465% | ~$65,602 | +19.3% |
| 2030 | ~$3,399,669 | ~$3,399,669 | ~2.0465% | ~$69,574 | +26.5% |
| 2031 | ~$3,605,477 | ~$3,605,477 | ~2.0465% | ~$73,786 | +34.2% |
| 2027 | ~$2,957,586 | ~$2,904,000 | ~1.9977% | ~$58,012 | +10.1% |
| 2028 | ~$3,254,934 | ~$3,194,400 | ~1.9488% | ~$62,254 | +21.1% |
| 2029 | ~$3,582,177 | ~$3,513,840 | ~1.9000% | ~$66,764 | +33.3% |
| 2030 | ~$3,942,321 | ~$3,865,224 | ~1.8512% | ~$71,553 | +46.7% |
| 2031 | ~$4,338,672 | ~$4,251,746 | ~1.8024% | ~$76,632 | +61.4% |
In 2025, this property's market value of $2,200,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +59% 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 | $2,200,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,500,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,500,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $1,884,529 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,824,455 | $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 | — |