6505 AIRPORT BLVD TX
| Owner | AIRPORT CENTER OWNER LLC |
|---|---|
| Parcel ID | 0229112102 |
| Short ID | 946632 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 171,965 SF |
| Acres | 3.948 |
| Year Built | — |
| Legal | UNT MULTI FAMILY MASTER AIRPORT MIXED-USE CONDOMINIUMS PLUS 51.44 % INT IN COM AREA |
| Neighborhood | 1NC2 |
| Land | $2,579,482 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,579,482 |
| Improvement | $73,280,518 |
|---|---|
| Total Improvement | $73,280,518 |
| Market | $75,860,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,860,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,860,000 |
| Taxable Value | $75,860,000 |
|---|
Appreciation: Market value has risen +2840.9% from $2,579,482 (2021) to $75,860,000 (2025), a CAGR of 132.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family 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 $1,552,464. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 3% of market value ($2,579,482 land vs $73,280,518 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $75,860,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +93.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,894,724,639 by 2031, with an estimated annual tax burden around $2,120,920. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 268,950 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% | $656,892.00 | $656,892.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $372,052.07 | $372,052.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $266,849.95 | $266,849.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $83,796.33 | $83,796.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $73,414.00 | $73,414.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,453,004.35 | $1,453,004.35 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $656,892.00 | 45.2% |
| CAT City of Austin | 0.5240% | $372,052.07 | 25.6% |
| TCO Travis County | 0.3758% | $266,849.95 | 18.4% |
| THD Travis Central Health | 0.1180% | $83,796.33 | 5.8% |
| ACT Austin Community College | 0.1034% | $73,414.00 | 5.1% |
| Total | 2.0465% | $1,453,004.35 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,910,000 | $75,860,000 | -7.8% |
| Assessed Value | $69,910,000 | $75,860,000 | -7.8% |
| Land Value | $2,579,482 | $2,579,482 | +0.0% |
| Improvement Value | $67,330,518 | $73,280,518 | -8.1% |
| Taxable Value | $69,910,000 | $75,860,000 | -7.8% |
| Total Tax 2026 = estimate |
~$1,430,698
Estimated
|
~$1,453,004
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $69,910,000 | $2,579,482 | $67,330,518 | — | $69,910,000 | $69,910,000 | Not yet — post-cert | Preliminary |
| 2025 | $75,860,000 | $2,579,482 | $73,280,518 | — | $75,860,000 | $75,860,000 | ~$1,453,004 | Partial |
| 2024 | $69,500,000 | $2,579,482 | $66,920,518 | — | $69,500,000 | $69,500,000 | $1,377,361 | Verified |
| 2023 | $35,473,143 | $2,579,482 | $32,893,661 | — | $35,473,143 | $35,473,143 | $641,797 | Verified |
| 2022 | $6,657,302 | $2,579,482 | $4,077,820 | — | $6,657,302 | $6,657,302 | $131,477 | Verified |
| 2021 | $2,579,482 | $2,579,482 | — | — | $2,579,482 | $2,579,482 | $56,147 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.8% | -7.8% | ~100% | Not available | Partial |
| 2025 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2024 | +95.9% ! | +95.9% | ~100% | No billing data | Verified |
| 2023 | +432.8% ! | +432.8% | ~100% | No billing data | Verified |
| 2022 | +158.1% ! | +158.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2840.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.8% | +137.6% | +93.5% | +432.8% | 2023 | -7.8% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,453,004 | $731,957 | ~$1,824,112 | $1,453,004 | 2025 | $56,147 | 2021 |
Market value changed by 158% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$135,251,055 | ~$76,901,000 | ~2.0139% | ~$1,548,737 | +93.5% |
| 2028 | ~$261,662,823 | ~$84,591,100 | ~1.9814% | ~$1,676,078 | +274.3% |
| 2029 | ~$506,224,759 | ~$93,050,210 | ~1.9488% | ~$1,813,399 | +624.1% |
| 2030 | ~$979,365,368 | ~$102,355,231 | ~1.9163% | ~$1,961,424 | +1300.9% |
| 2031 | ~$1,894,724,639 | ~$112,590,754 | ~1.8837% | ~$2,120,920 | +2610.2% |
| 2027 | ~$133,852,855 | ~$76,901,000 | ~2.0465% | ~$1,573,767 | +91.5% |
| 2028 | ~$256,280,745 | ~$84,591,100 | ~2.0465% | ~$1,731,144 | +266.6% |
| 2029 | ~$490,686,732 | ~$93,050,210 | ~2.0465% | ~$1,904,259 | +601.9% |
| 2030 | ~$939,491,061 | ~$102,355,231 | ~2.0465% | ~$2,094,684 | +1243.9% |
| 2031 | ~$1,798,792,176 | ~$112,590,754 | ~2.0465% | ~$2,304,153 | +2473.0% |
| 2027 | ~$136,649,255 | ~$76,901,000 | ~1.9977% | ~$1,536,222 | +95.5% |
| 2028 | ~$267,100,829 | ~$84,591,100 | ~1.9488% | ~$1,648,545 | +282.1% |
| 2029 | ~$522,087,389 | ~$93,050,210 | ~1.9000% | ~$1,767,970 | +646.8% |
| 2030 | ~$1,020,495,679 | ~$102,355,231 | ~1.8512% | ~$1,894,794 | +1359.7% |
| 2031 | ~$1,994,707,116 | ~$112,590,754 | ~1.8024% | ~$2,029,303 | +2753.3% |
In 2025, this property's market value of $75,860,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 146× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $75,860,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $69,500,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $35,473,143 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $6,657,302 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $2,579,482 | $353,349 | $436,046 | $657,886 | ↑ Top 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 | — |