305 W M L KING JR BLVD TX 78701
| Owner | PA HOSPITALITY-AUSTIN DOWNTOWN LP |
|---|---|
| Parcel ID | 0210022402 |
| Short ID | 199862 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,278 SF |
| Land SF | 10,350 SF |
| Acres | 0.238 |
| Year Built | 1969 |
| Legal | E 69' OF W 138' OF N150' OLT 35 DIVISION E |
| Neighborhood | 20CEN |
| Land | $5,175,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,175,000 |
| Improvement | $62,365 |
|---|---|
| Total Improvement | $62,365 |
| Market | $5,237,365 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,237,365 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,237,365 |
| Taxable Value | $5,237,365 |
|---|
Appreciation: Market value has risen +219.6% from $1,638,608 (2021) to $5,237,365 (2025), a CAGR of 33.7% 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 $107,182. 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 99% of market value ($5,175,000 land vs $62,365 improvements), about $500/SF of land. With value concentrated in the land under a ~57-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 $5,237,365, this parcel sits in the top quartile (≥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 +10.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,298,354 by 2031, with an estimated annual tax burden around $80,514. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 5,382 SF | ✗ |
| 1ST | 1st Floor | 4,278 SF | ✓ |
| SO | Sketch Only | 4,278 SF | ✗ |
| 501 | CANOPY | 414 SF | ✗ |
| 611 | TERRACE | 414 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% | $48,456.10 | $48,456.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $27,444.68 | $27,444.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,684.37 | $19,684.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,181.30 | $6,181.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,415.44 | $5,415.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $107,181.89 | $107,181.89 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $48,456.10 | 45.2% |
| CAT City of Austin | 0.5240% | $27,444.68 | 25.6% |
| TCO Travis County | 0.3758% | $19,684.37 | 18.4% |
| THD Travis Central Health | 0.1180% | $6,181.30 | 5.8% |
| ACT Austin Community College | 0.1034% | $5,415.44 | 5.1% |
| Total | 2.0465% | $107,181.89 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,653,925 | $5,237,365 | -49.3% |
| Assessed Value | $2,653,925 | $5,237,365 | -49.3% |
| Land Value | $2,587,500 | $5,175,000 | -50.0% |
| Improvement Value | $66,425 | $62,365 | +6.5% |
| Taxable Value | $2,653,925 | $5,237,365 | -49.3% |
| Total Tax 2026 = estimate |
~$54,312
Estimated
|
~$107,182
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,653,925 | $2,587,500 | $66,425 | — | $2,653,925 | $2,653,925 | Not yet — post-cert | Preliminary |
| 2025 | $5,237,365 | $5,175,000 | $62,365 | — | $5,237,365 | $5,237,365 | ~$107,182 | Partial |
| 2024 | $5,298,437 | $5,175,000 | $123,437 | — | $5,298,437 | $5,298,437 | $105,005 | Verified |
| 2023 | $5,303,469 | $5,175,000 | $128,469 | — | $5,303,469 | $5,303,469 | $47,945 | Verified |
| 2022 | $1,646,415 | $1,552,500 | $93,915 | — | $1,646,415 | $1,646,415 | $32,515 | Verified |
| 2021 | $1,638,608 | $1,552,500 | $86,108 | — | $1,638,608 | $1,638,608 | $35,667 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -49.3% | -49.3% | ~100% | Not available | Partial |
| 2025 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | No billing data | Verified |
| 2023 | +222.1% ! | +222.1% | ~100% | No billing data | Verified |
| 2022 | +0.5% | +0.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +219.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -49.3% | +34.4% | +10.1% | +222.1% | 2023 | -49.3% | 2026 |
| 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 |
$107,182 | $65,663 | ~$69,247 | $107,182 | 2025 | $32,515 | 2022 |
Market value changed by 222% 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 | ~$2,922,613 | ~$2,919,318 | ~2.0139% | ~$58,793 | +10.1% |
| 2028 | ~$3,218,504 | ~$3,211,249 | ~1.9814% | ~$63,627 | +21.3% |
| 2029 | ~$3,544,352 | ~$3,532,374 | ~1.9488% | ~$68,840 | +33.6% |
| 2030 | ~$3,903,188 | ~$3,885,612 | ~1.9163% | ~$74,460 | +47.1% |
| 2031 | ~$4,298,354 | ~$4,274,173 | ~1.8837% | ~$80,514 | +62.0% |
| 2027 | ~$2,869,535 | ~$2,869,535 | ~2.0465% | ~$58,725 | +8.1% |
| 2028 | ~$3,102,661 | ~$3,102,661 | ~2.0465% | ~$63,495 | +16.9% |
| 2029 | ~$3,354,727 | ~$3,354,727 | ~2.0465% | ~$68,654 | +26.4% |
| 2030 | ~$3,627,272 | ~$3,627,272 | ~2.0465% | ~$74,232 | +36.7% |
| 2031 | ~$3,921,958 | ~$3,921,958 | ~2.0465% | ~$80,262 | +47.8% |
| 2027 | ~$2,975,692 | ~$2,919,318 | ~1.9977% | ~$58,318 | +12.1% |
| 2028 | ~$3,336,470 | ~$3,211,249 | ~1.9488% | ~$62,582 | +25.7% |
| 2029 | ~$3,740,990 | ~$3,532,374 | ~1.9000% | ~$67,116 | +41.0% |
| 2030 | ~$4,194,555 | ~$3,885,612 | ~1.8512% | ~$71,930 | +58.1% |
| 2031 | ~$4,703,110 | ~$4,274,173 | ~1.8024% | ~$77,036 | +77.2% |
In 2025, this property's market value of $5,237,365 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 4× 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 | $5,237,365 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $5,298,437 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $5,303,469 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $1,646,415 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,638,608 | $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 | — |