408 W 17 ST TX 78701
| Owner | TRAVIS COUNTY |
|---|---|
| Parcel ID | 0210021710 |
| Short ID | 199815 |
| Type | Real |
| Use Code | F1 Commercial Real Property (Improved) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 5,632 SF |
| Acres | 0.129 |
| Year Built | — |
| Legal | CEN 44' OF W 138' OF S128' OF OLT 33 DIVISION E + VACATED ALLEY |
| Neighborhood | 1CBD1 |
| Land | $2,816,155 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,816,155 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,816,155 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,816,155 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,816,155 |
| Taxable Value | $2,816,155 |
|---|
Appreciation: Market value has risen +233.4% from $844,800 (2021) to $2,816,155 (2025), a CAGR of 35.1% 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.
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 100% of market value ($2,816,155 land vs $0 improvements), about $500/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 $2,816,155, 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 +27.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,387,700 by 2031, with an estimated annual tax burden around $0. 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.
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,816,155 | $2,816,155 | +0.0% |
| Assessed Value | $2,816,155 | $2,816,155 | +0.0% |
| Land Value | $2,816,155 | $2,816,155 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,816,155 | $2,816,155 | — | — | $2,816,155 | $— | Not yet — post-cert | Preliminary |
| 2025 | $2,816,155 | $2,816,155 | — | — | $2,816,155 | $— | not in county billing file Why? | Partial |
| 2024 | $2,816,155 | $2,816,155 | — | — | $2,816,155 | $— | not in county billing file Why? | Partial |
| 2023 | $2,816,155 | $2,816,155 | — | — | $2,816,155 | $— | not in county billing file Why? | Partial |
| 2022 | $882,090 | $882,090 | — | — | $882,090 | $882,090 | $871 | Verified |
| 2021 | $844,800 | $844,800 | — | — | $844,800 | $844,800 | $885 | 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 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +219.3% ! | +219.3% | ~100% | No billing data | Verified |
| 2022 | +4.4% | +4.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +233.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +44.7% | +27.2% | +219.3% | 2023 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $871 | $878 | — | $885 | 2021 | $871 | 2022 |
Market value changed by 219% 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 | ~$3,582,920 | ~$3,582,920 | ~0.0000% | ~$0 | +27.2% |
| 2028 | ~$4,558,454 | ~$4,558,454 | ~0.0000% | ~$0 | +61.9% |
| 2029 | ~$5,799,601 | ~$5,799,601 | ~0.0000% | ~$0 | +105.9% |
| 2030 | ~$7,378,680 | ~$7,378,680 | ~0.0000% | ~$0 | +162.0% |
| 2031 | ~$9,387,700 | ~$9,387,700 | ~0.0000% | ~$0 | +233.4% |
| 2027 | ~$3,526,597 | ~$3,526,597 | ~0.0000% | ~$0 | +25.2% |
| 2028 | ~$4,416,264 | ~$4,416,264 | ~0.0000% | ~$0 | +56.8% |
| 2029 | ~$5,530,371 | ~$5,530,371 | ~0.0000% | ~$0 | +96.4% |
| 2030 | ~$6,925,538 | ~$6,925,538 | ~0.0000% | ~$0 | +145.9% |
| 2031 | ~$8,672,669 | ~$8,672,669 | ~0.0000% | ~$0 | +208.0% |
| 2027 | ~$3,639,243 | ~$3,639,243 | ~0.0000% | ~$0 | +29.2% |
| 2028 | ~$4,702,898 | ~$4,702,898 | ~0.0000% | ~$0 | +67.0% |
| 2029 | ~$6,077,431 | ~$6,077,431 | ~0.0000% | ~$0 | +115.8% |
| 2030 | ~$7,853,703 | ~$7,853,703 | ~0.0000% | ~$0 | +178.9% |
| 2031 | ~$10,149,134 | ~$10,149,134 | ~0.0000% | ~$0 | +260.4% |
In 2025, this property's market value of $2,816,155 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +104% 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 | $2,816,155 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,816,155 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,816,155 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $882,090 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $844,800 | $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 |
| 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 | — |