701 W 7 ST TX 78701
| Owner | CIRRUS LOGIC INC |
|---|---|
| Parcel ID | 0107000610 |
| Short ID | 105362 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,036 SF |
| Land SF | 18,382 SF |
| Acres | 0.422 |
| Year Built | 1967 |
| Legal | N 64 FT OF LOT 5-6 ALL OF LOT 7 & E 5.8 FT OF LOT 8 BLOCK 076 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $4,185,654 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,185,654 |
| Improvement | $118,095 |
|---|---|
| Total Improvement | $118,095 |
| Market | $4,303,749 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,303,749 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,303,749 |
| Taxable Value | $4,303,749 |
|---|
Appreciation: Market value has fallen -5.6% from $4,560,005 (2021) to $4,303,749 (2025), a CAGR of -1.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 +24.1%, 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 $88,076. 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 97% of market value ($4,185,654 land vs $118,095 improvements), about $228/SF of land. With value concentrated in the land under a ~59-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 $4,303,749, 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 -1.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,003,584 by 2030, with an estimated annual tax burden around $75,417. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,600 SF | ✗ |
| 1ST | 1st Floor | 7,036 SF | ✓ |
| 501 | CANOPY | 618 SF | ✗ |
| SO | Sketch Only | 153 SF | ✗ |
Market value changed by 97% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $39,818.29 | $39,818.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $22,552.38 | $22,552.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,175.43 | $16,175.43 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,079.41 | $5,079.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,450.08 | $4,450.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $88,075.59 | $88,075.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,764,055 | $4,303,749 | +10.7% |
| Assessed Value | $4,764,055 | $4,303,749 | +10.7% |
| Land Value | $8,272,044 | $4,185,654 | +97.6% |
| Improvement Value | — | $118,095 | — |
| Taxable Value | $4,764,055 | $4,303,749 | +10.7% |
| Total Tax 2026 = estimate |
~$97,496
Estimated
|
~$88,076
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,465,688 | $4,764,055 | -3,701,633 (-43.7%) |
| Taxable Value | $5,164,499 | $4,764,055 | -400,444 (-7.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,764,055 | $8,272,044 | — | — | $4,764,055 | $4,764,055 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,303,749 | $4,185,654 | $118,095 | — | $4,303,749 | $4,303,749 | ~$88,076 | Partial |
| 2024 | $4,812,124 | — | — | −$626,470 | $4,185,654 | $— | $85,203 | Verified |
| 2023 | $4,593,198 | — | — | −$407,544 | $4,185,654 | $— | $87,063 | Verified |
| 2022 | $4,575,654 | — | — | −$390,000 | $4,185,654 | $— | $90,712 | Verified |
| 2021 | $4,560,005 | — | — | −$374,350 | $4,185,655 | $— | $99,597 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +96.7% ! | +20.0% | 61.0% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | -10.7% | -10.7% | ~100% | 1.9800% | Verified |
| 2023 | +4.8% | +4.8% | ~100% | 1.8100% | Verified |
| 2022 | +0.4% | +0.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -5.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.7% | +1.1% | -3.3% | +10.7% | 2026 | -10.6% | 2025 |
| Assessment Ratio | 100.0% | 93.6% | — | 100.0% | 2025 | 87.0% | 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 |
$88,076 | $90,130 | ~$80,368 | $99,597 | 2021 | $85,203 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,241,968 | ~$4,241,968 | ~2.0139% | ~$85,431 | -1.4% |
| 2027 | ~$4,181,073 | ~$4,181,073 | ~1.9814% | ~$82,843 | -2.9% |
| 2028 | ~$4,121,052 | ~$4,121,052 | ~1.9488% | ~$80,313 | -4.2% |
| 2029 | ~$4,061,894 | ~$4,061,894 | ~1.9163% | ~$77,838 | -5.6% |
| 2030 | ~$4,003,584 | ~$4,003,584 | ~1.8837% | ~$75,417 | -7.0% |
| 2026 | ~$4,155,893 | ~$4,155,893 | ~2.0465% | ~$85,050 | -3.4% |
| 2027 | ~$4,013,116 | ~$4,013,116 | ~2.0465% | ~$82,128 | -6.8% |
| 2028 | ~$3,875,244 | ~$3,875,244 | ~2.0465% | ~$79,306 | -10.0% |
| 2029 | ~$3,742,109 | ~$3,742,109 | ~2.0465% | ~$76,582 | -13.1% |
| 2030 | ~$3,613,548 | ~$3,613,548 | ~2.0465% | ~$73,951 | -16.0% |
| 2026 | ~$4,328,042 | ~$4,328,042 | ~1.9977% | ~$86,460 | +0.6% |
| 2027 | ~$4,352,473 | ~$4,352,473 | ~1.9488% | ~$84,823 | +1.1% |
| 2028 | ~$4,377,042 | ~$4,377,042 | ~1.9000% | ~$83,165 | +1.7% |
| 2029 | ~$4,401,749 | ~$4,401,749 | ~1.8512% | ~$81,485 | +2.3% |
| 2030 | ~$4,426,596 | ~$4,426,596 | ~1.8024% | ~$79,784 | +2.9% |
In 2025, this property's market value of $4,303,749 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,303,749 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,812,124 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,593,198 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,575,654 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,560,005 | $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.