1600 S 1 ST TX 78704
| Owner | RC WILLA LP |
|---|---|
| Parcel ID | 0101012702 |
| Short ID | 943326 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 22,826 SF |
| Land SF | 11,687 SF |
| Acres | 0.268 |
| Year Built | 2020 |
| Legal | UNT COMMERCIAL MASTER UNIT 1600 S 1ST STREET MASTER CONDOMINIUMS PLUS 18.67 % INT IN COM AREA |
| Neighborhood | 43CEN |
| Land | $1,869,859 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,869,859 |
| Improvement | $11,280,141 |
|---|---|
| Total Improvement | $11,280,141 |
| Market | $13,150,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,150,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,150,000 |
| Taxable Value | $13,150,000 |
|---|
Appreciation: Market value has risen +64.4% from $8,000,000 (2022) to $13,150,000 (2025), a CAGR of 18.0% over 3 years. This is strong appreciation — well above typical inflation. 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 +16.6%, 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 $269,113. 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 14% of market value ($1,869,859 land vs $11,280,141 improvements), about $160/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $13,150,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +18.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $30,105,929 by 2030, with an estimated annual tax burden around $398,943. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 22,826 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $121,663.80 | $121,663.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $68,908.24 | $68,908.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $49,423.62 | $49,423.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,520.02 | $15,520.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,597.10 | $13,597.10 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $269,112.78 | $269,112.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $13,530,000 | $13,150,000 | +2.9% |
| Assessed Value | $13,530,000 | $13,150,000 | +2.9% |
| Land Value | $1,869,859 | $1,869,859 | +0.0% |
| Improvement Value | $11,660,141 | $11,280,141 | +3.4% |
| Taxable Value | $13,530,000 | $13,150,000 | +2.9% |
| Total Tax 2026 = estimate |
~$276,889
Estimated
|
~$269,113
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $13,530,000 | $13,530,000 | +0 (+0.0%) |
| Taxable Value | $13,530,000 | $13,530,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $13,530,000 | $1,869,859 | $11,660,141 | — | $13,530,000 | $13,530,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,150,000 | $1,869,859 | $11,280,141 | — | $13,150,000 | $13,150,000 | ~$269,113 | Partial |
| 2024 | $13,180,168 | — | — | −$11,310,309 | $1,869,859 | $— | $225,035 | Verified |
| 2023 | $10,001,426 | — | — | −$8,131,567 | $1,869,859 | $— | $238,462 | Verified |
| 2022 | $8,000,000 | — | — | −$6,831,338 | $1,168,662 | $— | $197,422 | Verified |
| 2021 | $— | — | — | — | $1,168,662 | $— | $175,673 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.9% | +2.9% | ~100% | Not available | Partial |
| 2025 | +15.8% | +15.8% | ~100% | Not available | Partial |
| 2024 | -13.8% | -13.8% | ~100% | 1.9800% | Verified |
| 2023 | +31.8% | +31.8% | ~100% | 1.8100% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.9% | +14.9% | +17.4% | +31.8% | 2024 | -0.2% | 2025 |
| Assessment Ratio | 100.0% | 49.5% | — | 100.0% | 2025 | 14.2% | 2024 |
| 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 |
$269,113 | $232,508 | ~$343,114 | $269,113 | 2025 | $197,422 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,519,260 | ~$14,465,000 | ~2.0139% | ~$291,316 | +18.0% |
| 2027 | ~$18,315,394 | ~$15,911,500 | ~1.9814% | ~$315,269 | +39.3% |
| 2028 | ~$21,615,313 | ~$17,502,650 | ~1.9488% | ~$341,099 | +64.4% |
| 2029 | ~$25,509,784 | ~$19,252,915 | ~1.9163% | ~$368,942 | +94.0% |
| 2030 | ~$30,105,929 | ~$21,178,207 | ~1.8837% | ~$398,943 | +128.9% |
| 2026 | ~$15,256,260 | ~$14,465,000 | ~2.0465% | ~$296,024 | +16.0% |
| 2027 | ~$17,699,884 | ~$15,911,500 | ~2.0465% | ~$325,626 | +34.6% |
| 2028 | ~$20,534,907 | ~$17,502,650 | ~2.0465% | ~$358,189 | +56.2% |
| 2029 | ~$23,824,021 | ~$19,252,915 | ~2.0465% | ~$394,008 | +81.2% |
| 2030 | ~$27,639,959 | ~$21,178,207 | ~2.0465% | ~$433,409 | +110.2% |
| 2026 | ~$15,782,260 | ~$14,465,000 | ~1.9977% | ~$288,962 | +20.0% |
| 2027 | ~$18,941,424 | ~$15,911,500 | ~1.9488% | ~$310,090 | +44.0% |
| 2028 | ~$22,732,964 | ~$17,502,650 | ~1.9000% | ~$332,553 | +72.9% |
| 2029 | ~$27,283,464 | ~$19,252,915 | ~1.8512% | ~$356,409 | +107.5% |
| 2030 | ~$32,744,846 | ~$21,178,207 | ~1.8024% | ~$381,710 | +149.0% |
In 2025, this property's market value of $13,150,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× the county median of $1,417,484. 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 | $13,150,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $13,180,168 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $10,001,426 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | base yr |
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.