700 RIO GRANDE ST TX 78701
| Owner | BLOCK 77 LLC |
|---|---|
| Parcel ID | 0107000407 |
| Short ID | 105343 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 3,173 SF |
| Land SF | 9,234 SF |
| Acres | 0.212 |
| Year Built | 1900 |
| Legal | S 73 FT OF LOT 3-4 LESS W15FT OF S 66FT LOT 3 BLOCK 077 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $1,662,120 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,662,120 |
| Improvement | $377,114 |
|---|---|
| Total Improvement | $377,114 |
| Market | $2,039,234 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,039,234 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,039,234 |
| Taxable Value | $2,039,234 |
|---|
| Total Due | $31,925.07 |
|---|---|
| First Delinquent | — |
| Cause # | GN25010263 |
Appreciation: Market value has risen +28.6% from $1,586,000 (2021) to $2,039,234 (2025), a CAGR of 6.5% over 4 years. This represents moderate, steady growth. 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 $41,733. 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 82% of market value ($1,662,120 land vs $377,114 improvements), about $180/SF of land. With value concentrated in the land under a ~126-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 $2,039,234, this parcel sits in the upper-middle (50th–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 +6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,792,042 by 2030, with an estimated annual tax burden around $52,595. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $31,925.07 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,173 SF | ✗ |
| 2ND | 2nd Floor | 1,708 SF | ✓ |
| 1ST | 1st Floor | 1,465 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 243 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 108 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +947 |
| Travis County | 0.3444% | 0.3758% | +640 |
| Austin ISD | 0.9505% | 0.9252% | -516 |
| Travis Central Health | 0.1080% | 0.1180% | +205 |
| Austin Community College | 0.1013% | 0.1034% | +43 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $18,866.99 | $8,139.12 | $10,727.87 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,685.93 | $4,609.86 | $6,076.07 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,664.36 | $3,306.37 | $4,357.99 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,406.77 | $1,038.28 | $1,368.49 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,108.57 | $909.63 | $1,198.94 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,732.62 | $18,003.26 | $23,729.36 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,250,000 | $2,039,234 | +10.3% |
| Assessed Value | $2,250,000 | $2,039,234 | +10.3% |
| Land Value | $1,662,120 | $1,662,120 | +0.0% |
| Improvement Value | $587,880 | $377,114 | +55.9% |
| Taxable Value | $2,250,000 | $2,039,234 | +10.3% |
| Total Tax 2026 = estimate |
~$46,046
Estimated
|
$41,733 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,763,158 | $2,250,000 | -513,158 (-18.6%) |
| Taxable Value | $2,447,081 | $2,250,000 | -197,081 (-8.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,250,000 | $1,662,120 | $587,880 | — | $2,250,000 | $2,250,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,039,234 | $1,662,120 | $377,114 | — | $2,039,234 | $2,039,234 | $41,733 | Verified |
| 2024 | $1,981,707 | — | — | −$319,587 | $1,662,120 | $— | $47,128 | Verified |
| 2023 | $1,881,036 | — | — | −$634,446 | $1,246,590 | $— | $35,854 | Verified |
| 2022 | $1,832,031 | — | — | −$585,441 | $1,246,590 | $— | $37,149 | Verified |
| 2021 | $1,586,000 | — | — | −$339,410 | $1,246,590 | $— | $39,877 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +35.5% | +20.0% | 88.6% | Not available | Partial |
| 2025 | -22.5% | -14.2% | ~100% | 2.0500% | Verified |
| 2024 | +32.8% | +20.0% | 90.3% | 1.7900% | Verified |
| 2023 | +5.4% | +5.4% | ~100% | 1.8100% | Verified |
| 2022 | +2.7% | +2.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.3% | +7.4% | +4.5% | +15.5% | 2022 | +2.7% | 2023 |
| Assessment Ratio | 100.0% | 82.8% | — | 100.0% | 2025 | 66.3% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $41,733 | $40,348 | ~$48,075 | $47,128 | 2024 | $35,854 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,171,491 | ~$2,171,491 | ~2.0139% | ~$43,732 | +6.5% |
| 2027 | ~$2,312,326 | ~$2,312,326 | ~1.9814% | ~$45,816 | +13.4% |
| 2028 | ~$2,462,294 | ~$2,462,294 | ~1.9488% | ~$47,986 | +20.7% |
| 2029 | ~$2,621,989 | ~$2,621,989 | ~1.9163% | ~$50,245 | +28.6% |
| 2030 | ~$2,792,042 | ~$2,792,042 | ~1.8837% | ~$52,595 | +36.9% |
| 2026 | ~$2,130,706 | ~$2,130,706 | ~2.0465% | ~$43,605 | +4.5% |
| 2027 | ~$2,226,282 | ~$2,226,282 | ~2.0465% | ~$45,561 | +9.2% |
| 2028 | ~$2,326,144 | ~$2,326,144 | ~2.0465% | ~$47,604 | +14.1% |
| 2029 | ~$2,430,486 | ~$2,430,486 | ~2.0465% | ~$49,740 | +19.2% |
| 2030 | ~$2,539,509 | ~$2,539,509 | ~2.0465% | ~$51,971 | +24.5% |
| 2026 | ~$2,212,276 | ~$2,212,276 | ~1.9977% | ~$44,194 | +8.5% |
| 2027 | ~$2,400,001 | ~$2,400,001 | ~1.9488% | ~$46,772 | +17.7% |
| 2028 | ~$2,603,656 | ~$2,603,656 | ~1.9000% | ~$49,470 | +27.7% |
| 2029 | ~$2,824,592 | ~$2,824,592 | ~1.8512% | ~$52,289 | +38.5% |
| 2030 | ~$3,064,277 | ~$3,064,277 | ~1.8024% | ~$55,230 | +50.3% |
In 2025, this property's market value of $2,039,234 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +44% above 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 | $2,039,234 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,981,707 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,881,036 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,832,031 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,586,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.