202 NUECES ST TX 78701
| Owner | MH AP AUSTIN LLC |
|---|---|
| Parcel ID | 0105001602 |
| Short ID | 916447 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 24,423 SF |
| Land SF | 9,738 SF |
| Acres | 0.224 |
| Year Built | 2019 |
| Legal | UNT HOTEL MASTER UNIT BLOCK 188 MASTER CONDOMINIUMS PLUS 45.7093 % INT IN COM AREA |
| Neighborhood | 34CBD |
| Land | $4,868,955 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,868,955 |
| Improvement | $195,131,045 |
|---|---|
| Total Improvement | $195,131,045 |
| Market | $200,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $200,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $200,000,000 |
| Taxable Value | $200,000,000 |
|---|
Appreciation: Market value has risen +225.5% from $61,441,107 (2021) to $200,000,000 (2025), a CAGR of 34.3% 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 Commercial parcel countywide rose +24.1%, 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 $4,092,970. Austin ISD is the largest single contributor, at 43.3% 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 2% of market value ($4,868,955 land vs $195,131,045 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $200,000,000, 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 +34.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $874,467,554 by 2030, with an estimated annual tax burden around $6,067,572. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 146,340 SF | ✓ |
| 187 | PARKING GARAGE | 116,780 SF | ✓ |
| 3RD | 3rd Floor | 24,423 SF | ✓ |
| 4TH | 4th Floor | 24,390 SF | ✓ |
| 5TH | 5th Floor | 24,390 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% | $1,850,400.00 | $1,850,400.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,048,034.00 | $1,048,034.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $751,690.00 | $751,690.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $236,046.00 | $236,046.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $206,800.00 | $206,800.00 | Paid |
| P2U | — | — | — | — | — | — | $184,537.50 | $184,537.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,277,507.50 | $4,277,507.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $202,170,661 | $200,000,000 | +1.1% |
| Assessed Value | $202,170,661 | $200,000,000 | +1.1% |
| Land Value | $13,633,074 | $4,868,955 | +180.0% |
| Improvement Value | $188,537,587 | $195,131,045 | -3.4% |
| Taxable Value | $202,170,661 | $200,000,000 | +1.1% |
| Total Tax 2026 = estimate |
~$4,137,392
Estimated
|
~$4,277,508
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $220,439,095 | $202,170,661 | -18,268,434 (-8.3%) |
| Taxable Value | $220,439,095 | $202,170,661 | -18,268,434 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $202,170,661 | $13,633,074 | $188,537,587 | — | $202,170,661 | $202,170,661 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $200,000,000 | $4,868,955 | $195,131,045 | — | $200,000,000 | $200,000,000 | ~$4,277,508 | Partial |
| 2024 | $126,000,000 | — | — | −$121,131,045 | $4,868,955 | $— | $3,043,340 | Verified |
| 2023 | $85,030,000 | — | — | −$80,161,045 | $4,868,955 | $— | $2,404,613 | Verified |
| 2022 | $68,000,000 | — | — | −$65,322,075 | $2,677,925 | $— | $1,763,807 | Verified |
| 2021 | $61,441,107 | — | — | −$58,763,182 | $2,677,925 | $— | $1,550,063 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.2% | +10.2% | ~100% | Not available | Partial |
| 2025 | +20.5% | +20.5% | ~100% | Not available | Partial |
| 2024 | +22.9% | +22.9% | ~100% | 1.8300% | Verified |
| 2023 | +58.8% | +58.8% | ~100% | 1.7800% | Verified |
| 2022 | -2.5% | -2.5% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.5200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +129.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.1% | +28.7% | +34.0% | +58.7% | 2025 | +1.1% | 2026 |
| Assessment Ratio | 100.0% | 36.3% | — | 100.0% | 2025 | 3.9% | 2022 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$4,277,508 | $2,607,866 | ~$5,218,457 | $4,277,508 | 2025 | $1,550,063 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$268,641,273 | ~$220,000,000 | ~2.0139% | ~$4,430,660 | +34.3% |
| 2027 | ~$360,840,668 | ~$242,000,000 | ~1.9814% | ~$4,794,959 | +80.4% |
| 2028 | ~$484,683,481 | ~$266,200,000 | ~1.9488% | ~$5,187,811 | +142.3% |
| 2029 | ~$651,029,937 | ~$292,820,000 | ~1.9163% | ~$5,611,283 | +225.5% |
| 2030 | ~$874,467,554 | ~$322,102,000 | ~1.8837% | ~$6,067,572 | +337.2% |
| 2026 | ~$264,641,273 | ~$220,000,000 | ~2.0465% | ~$4,502,267 | +32.3% |
| 2027 | ~$350,175,017 | ~$242,000,000 | ~2.0465% | ~$4,952,494 | +75.1% |
| 2028 | ~$463,353,811 | ~$266,200,000 | ~2.0465% | ~$5,447,743 | +131.7% |
| 2029 | ~$613,112,711 | ~$292,820,000 | ~2.0465% | ~$5,992,517 | +206.6% |
| 2030 | ~$811,274,642 | ~$322,102,000 | ~2.0465% | ~$6,591,769 | +305.6% |
| 2026 | ~$272,641,273 | ~$220,000,000 | ~1.9977% | ~$4,394,857 | +36.3% |
| 2027 | ~$371,666,318 | ~$242,000,000 | ~1.9488% | ~$4,716,192 | +85.8% |
| 2028 | ~$506,657,891 | ~$266,200,000 | ~1.9000% | ~$5,057,845 | +153.3% |
| 2029 | ~$690,679,261 | ~$292,820,000 | ~1.8512% | ~$5,420,666 | +245.3% |
| 2030 | ~$941,538,365 | ~$322,102,000 | ~1.8024% | ~$5,805,474 | +370.8% |
In 2025, this property's market value of $200,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 141× 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 | $200,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $126,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $85,030,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $68,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $61,441,107 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.