1620 E RIVERSIDE DR TX 78741
| Owner | 1620 EAST RIVERSIDE DRIVE LLC |
|---|---|
| Parcel ID | 0302060129 |
| Short ID | 283712 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,961 SF |
| Land SF | 16,500 SF |
| Acres | 0.379 |
| Year Built | 2022 |
| Legal | LOT 2A SHAMROCK ADDN |
| Neighborhood | 08SE |
| Land | $1,617,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,617,000 |
| Improvement | $456,895 |
|---|---|
| Total Improvement | $456,895 |
| Market | $2,073,895 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,073,895 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,073,895 |
| Taxable Value | $2,073,895 |
|---|
Appreciation: Market value has risen +36854.7% from $5,612 (2021) to $2,073,895 (2025), a CAGR of 338.4% 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 $42,442. 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 78% of market value ($1,617,000 land vs $456,895 improvements), about $98/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 $2,073,895, 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 +229.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $848,244,341 by 2031, with an estimated annual tax burden around $60,936. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,961 SF | ✓ |
| 551 | PAVED AREA | 4,608 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% | $15,486.24 | $15,486.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,771.13 | $8,771.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,290.99 | $6,290.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,975.50 | $1,975.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,730.74 | $1,730.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $34,254.60 | $34,254.60 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $15,486.24 | 45.2% |
| CAT City of Austin | 0.5240% | $8,771.13 | 25.6% |
| TCO Travis County | 0.3758% | $6,290.99 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,975.50 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,730.74 | 5.1% |
| Total | 2.0465% | $34,254.60 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,181,822 | $2,073,895 | +5.2% |
| Assessed Value | $2,008,591 | $2,073,895 | -3.1% |
| Land Value | $1,617,000 | $1,617,000 | +0.0% |
| Improvement Value | $564,822 | $456,895 | +23.6% |
| Taxable Value | $2,008,591 | $2,073,895 | -3.1% |
| HS Cap Loss | -$173,231 | — | |
| Total Tax 2026 = estimate |
~$41,106
Estimated
|
~$34,255
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,181,822 | $1,617,000 | $564,822 | −$173,231 | $2,008,591 | $2,008,591 | Not yet — post-cert | Preliminary |
| 2025 | $2,073,895 | $1,617,000 | $456,895 | — | $2,073,895 | $2,073,895 | ~$34,255 | Partial |
| 2024 | $2,073,895 | $1,617,000 | $456,895 | — | $2,073,895 | $2,073,895 | $41,101 | Verified |
| 2023 | $2,106,800 | $1,320,000 | $786,800 | — | $2,106,800 | $2,106,800 | $38,117 | Verified |
| 2022 | $5,350 | $1,155 | $4,195 | — | $5,350 | $5,350 | $106 | Verified |
| 2021 | $5,612 | $1,155 | $4,457 | — | $5,612 | $5,612 | $122 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.2% | -3.1% | 92.1% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -1.6% | -1.6% | ~100% | No billing data | Verified |
| 2023 | +39279.4% ! | +39279.4% | ~100% | No billing data | Verified |
| 2022 | -4.7% | -4.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36854.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.2% | +7855.7% | +229.6% | +39279.4% | 2023 | -4.7% | 2022 |
| Assessment Ratio | 92.1% | 98.7% | — | 100.0% | 2021 | 92.1% | 2026 |
| Effective Tax Rate (2025) | 1.6500% | 1.6500% | — | 1.6500% | 2025 | 1.6500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$34,255 | $22,740 | ~$52,409 | $41,101 | 2024 | $106 | 2022 |
Market value changed by 39279% 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 | ~$7,190,509 | ~$2,209,450 | ~2.0139% | ~$44,497 | +229.6% |
| 2028 | ~$23,697,361 | ~$2,430,395 | ~1.9814% | ~$48,156 | +986.1% |
| 2029 | ~$78,098,071 | ~$2,673,435 | ~1.9488% | ~$52,101 | +3479.5% |
| 2030 | ~$257,383,463 | ~$2,940,778 | ~1.9163% | ~$56,354 | +11696.7% |
| 2031 | ~$848,244,341 | ~$3,234,856 | ~1.8837% | ~$60,936 | +38777.8% |
| 2027 | ~$7,146,873 | ~$2,209,450 | ~2.0465% | ~$45,216 | +227.6% |
| 2028 | ~$23,410,613 | ~$2,430,395 | ~2.0465% | ~$49,738 | +973.0% |
| 2029 | ~$76,684,841 | ~$2,673,435 | ~2.0465% | ~$54,711 | +3414.7% |
| 2030 | ~$251,192,261 | ~$2,940,778 | ~2.0465% | ~$60,183 | +11413.0% |
| 2031 | ~$822,816,497 | ~$3,234,856 | ~2.0465% | ~$66,201 | +37612.4% |
| 2027 | ~$7,234,146 | ~$2,209,450 | ~1.9977% | ~$44,137 | +231.6% |
| 2028 | ~$23,985,854 | ~$2,430,395 | ~1.9488% | ~$47,364 | +999.3% |
| 2029 | ~$79,528,559 | ~$2,673,435 | ~1.9000% | ~$50,796 | +3545.1% |
| 2030 | ~$263,688,413 | ~$2,940,778 | ~1.8512% | ~$54,440 | +11985.7% |
| 2031 | ~$874,296,981 | ~$3,234,856 | ~1.8024% | ~$58,304 | +39971.9% |
In 2025, this property's market value of $2,073,895 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +50% 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 | $2,073,895 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $2,073,895 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,106,800 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $5,350 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $5,612 | $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 | — |