2505 PARMER LN TX 78727
| Owner | COMMODORE AUSTIN LLC |
|---|---|
| Parcel ID | 0262130332 |
| Short ID | 266440 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 1,746 SF |
| Land SF | 18,164 SF |
| Acres | 0.417 |
| Year Built | 2006 |
| Legal | LOT 3 * RESUB NO 1 OF PARMER SQUARE SUBD NO 2 |
| Neighborhood | 33NOR |
| Land | $635,740 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $635,740 |
| Improvement | $642,707 |
|---|---|
| Total Improvement | $642,707 |
| Market | $1,278,447 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,278,447 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,278,447 |
| Taxable Value | $1,278,447 |
|---|
Appreciation: Market value has risen +13.0% from $1,131,000 (2021) to $1,278,447 (2025), a CAGR of 3.1% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $26,163. 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 50% of market value ($635,740 land vs $642,707 improvements), about $35/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,278,447, this parcel sits in the lower-middle (25th–50th 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 +3.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,639,670 by 2031, with an estimated annual tax burden around $30,887. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 11,450 SF | ✗ |
| 1ST | 1st Floor | 1,746 SF | ✓ |
| 511 | DECK | 1,170 SF | ✗ |
| 611 | TERRACE | 152 SF | ✗ |
| 437 | FENCE MASON LF | 35 SF | ✗ |
| 435 | FENCE IRON LF | 11 SF | ✗ |
| 482 | LIGHT POLES | 3 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% | $11,828.19 | $11,828.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,699.28 | $6,699.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,804.98 | $4,804.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,508.86 | $1,508.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,321.91 | $1,321.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,163.22 | $26,163.22 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $11,828.19 | 45.2% |
| CAT City of Austin | 0.5240% | $6,699.28 | 25.6% |
| TCO Travis County | 0.3758% | $4,804.98 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,508.86 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,321.91 | 5.1% |
| Total | 2.0465% | $26,163.22 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,361,788 | $1,278,447 | +6.5% |
| Assessed Value | $1,361,788 | $1,278,447 | +6.5% |
| Land Value | $635,740 | $635,740 | +0.0% |
| Improvement Value | $726,048 | $642,707 | +13.0% |
| Taxable Value | $1,361,788 | $1,278,447 | +6.5% |
| Total Tax 2026 = estimate |
~$27,869
Estimated
|
~$26,163
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,361,788 | $635,740 | $726,048 | — | $1,361,788 | $1,361,788 | Not yet — post-cert | Preliminary |
| 2025 | $1,278,447 | $635,740 | $642,707 | — | $1,278,447 | $1,278,447 | ~$26,163 | Partial |
| 2024 | $1,362,741 | $635,740 | $727,001 | — | $1,362,741 | $1,362,741 | $27,007 | Verified |
| 2023 | $1,361,725 | $635,740 | $725,985 | — | $1,361,725 | $1,361,725 | $24,637 | Verified |
| 2022 | $1,169,078 | $635,740 | $533,338 | — | $1,169,078 | $1,169,078 | $23,088 | Verified |
| 2021 | $1,131,000 | $635,740 | $495,260 | — | $1,131,000 | $1,131,000 | $24,618 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.5% | +6.5% | ~100% | Not available | Partial |
| 2025 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2024 | +0.1% | +0.1% | ~100% | No billing data | Verified |
| 2023 | +16.5% | +16.5% | ~100% | No billing data | Verified |
| 2022 | +3.4% | +3.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +13.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.5% | +4.1% | +3.8% | +16.5% | 2023 | -6.2% | 2025 |
| 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 |
$26,163 | $25,103 | ~$29,671 | $27,007 | 2024 | $23,088 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,413,315 | ~$1,413,315 | ~2.0139% | ~$28,463 | +3.8% |
| 2028 | ~$1,466,791 | ~$1,466,791 | ~1.9814% | ~$29,063 | +7.7% |
| 2029 | ~$1,522,291 | ~$1,522,291 | ~1.9488% | ~$29,667 | +11.8% |
| 2030 | ~$1,579,891 | ~$1,579,891 | ~1.9163% | ~$30,275 | +16.0% |
| 2031 | ~$1,639,670 | ~$1,639,670 | ~1.8837% | ~$30,887 | +20.4% |
| 2027 | ~$1,386,079 | ~$1,386,079 | ~2.0465% | ~$28,366 | +1.8% |
| 2028 | ~$1,410,803 | ~$1,410,803 | ~2.0465% | ~$28,872 | +3.6% |
| 2029 | ~$1,435,968 | ~$1,435,968 | ~2.0465% | ~$29,387 | +5.4% |
| 2030 | ~$1,461,583 | ~$1,461,583 | ~2.0465% | ~$29,911 | +7.3% |
| 2031 | ~$1,487,654 | ~$1,487,654 | ~2.0465% | ~$30,445 | +9.2% |
| 2027 | ~$1,440,550 | ~$1,440,550 | ~1.9977% | ~$28,777 | +5.8% |
| 2028 | ~$1,523,868 | ~$1,523,868 | ~1.9488% | ~$29,698 | +11.9% |
| 2029 | ~$1,612,005 | ~$1,612,005 | ~1.9000% | ~$30,628 | +18.4% |
| 2030 | ~$1,705,240 | ~$1,705,240 | ~1.8512% | ~$31,567 | +25.2% |
| 2031 | ~$1,803,867 | ~$1,803,867 | ~1.8024% | ~$32,512 | +32.5% |
In 2025, this property's market value of $1,278,447 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -8% below 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 | $1,278,447 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $1,362,741 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $1,361,725 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $1,169,078 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $1,131,000 | $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 |
| 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 | — |