3601 S CONGRESS AVE TX 78704
| Owner | CIM URBAN REIT PROPERTIES IX LP |
|---|---|
| Parcel ID | 0409020101 |
| Short ID | 312544 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 304,688 SF |
| Land SF | 698,184 SF |
| Acres | 16.028 |
| Year Built | 1970 |
| Legal | BRUSH ADDN PHS 1 & ABS 8 SUR 20 DECKER I ACR 12.486 |
| Neighborhood | 51SCN |
| Land | $48,872,883 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $48,872,883 |
| Improvement | $12,821,498 |
|---|---|
| Total Improvement | $12,821,498 |
| Market | $61,694,381 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $61,694,381 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $61,694,381 |
| Taxable Value | $61,694,381 |
|---|
Appreciation: Market value has fallen -31.4% from $89,975,701 (2021) to $61,694,381 (2025), a CAGR of -9.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $1,262,566. 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 79% of market value ($48,872,883 land vs $12,821,498 improvements), about $70/SF of land. With value concentrated in the land under a ~56-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 $61,694,381, 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 -9.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $32,502,269 by 2031, with an estimated annual tax burden around $612,259. 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.
15 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 288,120 SF | ✗ |
| 1ST | 1st Floor | 275,580 SF | ✓ |
| SO | Sketch Only | 266,175 SF | ✗ |
| 551 | PAVED AREA | 100,000 SF | ✗ |
| 611 | TERRACE | 36,171 SF | ✗ |
| 2ND | 2nd Floor | 29,107 SF | ✓ |
| 501 | CANOPY | 28,097 SF | ✗ |
| UBSMT | Unfinished Basement | 7,176 SF | ✓ |
| 591 | MASONRY TRIM SF | 5,908 SF | ✗ |
| 541 | FENCE COMM LF | 4,000 SF | ✗ |
| 328 | MEZZ COMM (STG) | 800 SF | ✓ |
| MEZZ | Mezzanine | 510 SF | ✓ |
| 437 | FENCE MASON LF | 30 SF | ✗ |
| 414 | FOUNTAIN OUTDOOR | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $570,796.41 | $570,796.41 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $323,289.04 | $323,289.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $231,875.25 | $231,875.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $72,813.56 | $72,813.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $63,791.99 | $63,791.99 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,262,566.25 | $1,262,566.25 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $570,796.41 | 45.2% |
| CAT City of Austin | 0.5240% | $323,289.04 | 25.6% |
| TCO Travis County | 0.3758% | $231,875.25 | 18.4% |
| THD Travis Central Health | 0.1180% | $72,813.56 | 5.8% |
| ACT Austin Community College | 0.1034% | $63,791.99 | 5.1% |
| Total | 2.0465% | $1,262,566.25 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $54,077,855 | $61,694,381 | -12.3% |
| Assessed Value | $54,077,855 | $61,694,381 | -12.3% |
| Land Value | $48,872,883 | $48,872,883 | +0.0% |
| Improvement Value | $5,204,972 | $12,821,498 | -59.4% |
| Taxable Value | $54,077,855 | $61,694,381 | -12.3% |
| Total Tax 2026 = estimate |
~$1,106,695
Estimated
|
~$1,262,566
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $54,077,855 | $48,872,883 | $5,204,972 | — | $54,077,855 | $54,077,855 | Not yet — post-cert | Preliminary |
| 2025 | $61,694,381 | $48,872,883 | $12,821,498 | — | $61,694,381 | $61,694,381 | ~$1,262,566 | Partial |
| 2024 | $67,841,818 | $48,872,883 | $18,968,935 | — | $67,841,818 | $67,841,818 | $1,344,499 | Verified |
| 2023 | $86,642,945 | $48,872,883 | $37,770,062 | — | $86,642,945 | $86,642,945 | $1,488,160 | Verified |
| 2022 | $97,375,074 | $37,387,755 | $59,987,319 | — | $97,375,074 | $97,375,074 | $1,634,612 | Verified |
| 2021 | $89,975,701 | $37,387,755 | $52,587,946 | — | $89,975,701 | $89,975,701 | $1,668,923 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.3% | -12.3% | ~100% | Not available | Partial |
| 2025 | -9.1% | -9.1% | ~100% | Not available | Partial |
| 2024 | -21.7% | -21.7% | ~100% | No billing data | Verified |
| 2023 | -11.0% | -11.0% | ~100% | No billing data | Verified |
| 2022 | +8.2% | +8.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -31.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.3% | -9.2% | -9.7% | +8.2% | 2022 | -21.7% | 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 |
$1,262,566 | $1,479,752 | ~$787,214 | $1,668,923 | 2021 | $1,262,566 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$48,842,547 | ~$48,842,547 | ~2.0139% | ~$983,658 | -9.7% |
| 2028 | ~$44,114,072 | ~$44,114,072 | ~1.9814% | ~$874,071 | -18.4% |
| 2029 | ~$39,843,363 | ~$39,843,363 | ~1.9488% | ~$776,483 | -26.3% |
| 2030 | ~$35,986,104 | ~$35,986,104 | ~1.9163% | ~$689,598 | -33.5% |
| 2031 | ~$32,502,269 | ~$32,502,269 | ~1.8837% | ~$612,259 | -39.9% |
| 2027 | ~$51,373,962 | ~$51,373,962 | ~2.0465% | ~$1,051,360 | -5.0% |
| 2028 | ~$48,805,264 | ~$48,805,264 | ~2.0465% | ~$998,792 | -9.8% |
| 2029 | ~$46,365,001 | ~$46,365,001 | ~2.0465% | ~$948,853 | -14.3% |
| 2030 | ~$44,046,751 | ~$44,046,751 | ~2.0465% | ~$901,410 | -18.5% |
| 2031 | ~$41,844,413 | ~$41,844,413 | ~2.0465% | ~$856,340 | -22.6% |
| 2027 | ~$49,924,104 | ~$49,924,104 | ~1.9977% | ~$997,315 | -7.7% |
| 2028 | ~$46,089,405 | ~$46,089,405 | ~1.9488% | ~$898,209 | -14.8% |
| 2029 | ~$42,549,251 | ~$42,549,251 | ~1.9000% | ~$808,443 | -21.3% |
| 2030 | ~$39,281,018 | ~$39,281,018 | ~1.8512% | ~$727,168 | -27.4% |
| 2031 | ~$36,263,821 | ~$36,263,821 | ~1.8024% | ~$653,609 | -32.9% |
In 2025, this property's market value of $61,694,381 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 45× 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 | $61,694,381 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $67,841,818 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $86,642,945 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $97,375,074 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $89,975,701 | $538,645 | $1,173,514 | $2,782,974 | ↑ 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 | — |