1509 NORTH ST TX 78756
| Owner | 5111 BURNET ROAD LP |
|---|---|
| Parcel ID | 0226040206 |
| Short ID | 226309 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 11,318 SF |
| Land SF | 24,989 SF |
| Acres | 0.574 |
| Year Built | 1960 |
| Legal | LOT 11 BLK 10 SMITH A F |
| Neighborhood | 61CEN |
| Land | $1,935,893 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,935,893 |
| Improvement | $97,607 |
|---|---|
| Total Improvement | $97,607 |
| Market | $2,033,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,033,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,033,500 |
| Taxable Value | $2,033,500 |
|---|
Appreciation: Market value has risen +377.3% from $426,000 (2021) to $2,033,500 (2025), a CAGR of 47.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $41,615. 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 95% of market value ($1,935,893 land vs $97,607 improvements), about $77/SF of land. With value concentrated in the land under a ~66-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 $2,033,500, 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 +36.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,362,095 by 2031, with an estimated annual tax burden around $60,587. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 11,318 SF | ✓ |
| 551 | PAVED AREA | 8,700 SF | ✗ |
| 328 | MEZZ COMM (STG) | 528 SF | ✓ |
| 881 | COMMCL FINISHOUT | 320 SF | ✓ |
| 501 | CANOPY | 243 SF | ✗ |
| 541 | FENCE COMM LF | 240 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 53 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% | $18,813.94 | $18,813.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,655.89 | $10,655.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,642.81 | $7,642.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,400.00 | $2,400.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,102.64 | $2,102.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,615.28 | $41,615.28 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $18,813.94 | 45.2% |
| CAT City of Austin | 0.5240% | $10,655.89 | 25.6% |
| TCO Travis County | 0.3758% | $7,642.81 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,400.00 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,102.64 | 5.1% |
| Total | 2.0465% | $41,615.28 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,997,061 | $2,033,500 | -1.8% |
| Assessed Value | $1,997,061 | $2,033,500 | -1.8% |
| Land Value | $1,879,643 | $1,935,893 | -2.9% |
| Improvement Value | $117,418 | $97,607 | +20.3% |
| Taxable Value | $1,997,061 | $2,033,500 | -1.8% |
| Total Tax 2026 = estimate |
~$40,870
Estimated
|
~$41,615
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,997,061 | $1,879,643 | $117,418 | — | $1,997,061 | $1,997,061 | Not yet — post-cert | Preliminary |
| 2025 | $2,033,500 | $1,935,893 | $97,607 | — | $2,033,500 | $2,033,500 | ~$41,615 | Partial |
| 2024 | $426,703 | $375,000 | $51,703 | — | $426,703 | $426,703 | $8,161 | Verified |
| 2023 | $497,168 | $375,000 | $122,168 | — | $497,168 | $497,168 | $7,833 | Verified |
| 2022 | $424,357 | $375,000 | $49,357 | — | $424,357 | $424,357 | $8,381 | Verified |
| 2021 | $426,000 | $375,000 | $51,000 | — | $426,000 | $426,000 | $9,273 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2025 | +376.6% ! | +376.6% | ~100% | Not available | Partial |
| 2024 | -14.2% | -14.2% | ~100% | No billing data | Verified |
| 2023 | +17.2% | +17.2% | ~100% | No billing data | Verified |
| 2022 | -0.4% | -0.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +377.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.8% | +75.5% | +36.2% | +376.6% | 2025 | -14.2% | 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 |
$41,615 | $15,052 | ~$52,108 | $41,615 | 2025 | $7,833 | 2023 |
Market value changed by 377% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,720,118 | ~$2,196,767 | ~2.0139% | ~$44,241 | +36.2% |
| 2028 | ~$3,704,964 | ~$2,416,444 | ~1.9814% | ~$47,879 | +85.5% |
| 2029 | ~$5,046,385 | ~$2,658,088 | ~1.9488% | ~$51,802 | +152.7% |
| 2030 | ~$6,873,481 | ~$2,923,897 | ~1.9163% | ~$56,030 | +244.2% |
| 2031 | ~$9,362,095 | ~$3,216,287 | ~1.8837% | ~$60,587 | +368.8% |
| 2027 | ~$2,680,176 | ~$2,196,767 | ~2.0465% | ~$44,957 | +34.2% |
| 2028 | ~$3,596,958 | ~$2,416,444 | ~2.0465% | ~$49,452 | +80.1% |
| 2029 | ~$4,827,335 | ~$2,658,088 | ~2.0465% | ~$54,397 | +141.7% |
| 2030 | ~$6,478,575 | ~$2,923,897 | ~2.0465% | ~$59,837 | +224.4% |
| 2031 | ~$8,694,639 | ~$3,216,287 | ~2.0465% | ~$65,821 | +335.4% |
| 2027 | ~$2,760,059 | ~$2,196,767 | ~1.9977% | ~$43,884 | +38.2% |
| 2028 | ~$3,814,568 | ~$2,416,444 | ~1.9488% | ~$47,093 | +91.0% |
| 2029 | ~$5,271,963 | ~$2,658,088 | ~1.9000% | ~$50,504 | +164.0% |
| 2030 | ~$7,286,171 | ~$2,923,897 | ~1.8512% | ~$54,127 | +264.8% |
| 2031 | ~$10,069,928 | ~$3,216,287 | ~1.8024% | ~$57,969 | +404.2% |
In 2025, this property's market value of $2,033,500 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +47% 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 | $2,033,500 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $426,703 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $497,168 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $424,357 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $426,000 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 25% | 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 | — |