604 W 6 ST TX 78701
| Owner | 604 - 612 W 6TH STREET LLC |
|---|---|
| Parcel ID | 0107000705 |
| Short ID | 105368 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 44,895 SF |
| Land SF | 22,144 SF |
| Acres | 0.508 |
| Year Built | 2019 |
| Legal | LOT 3 & W 26 FT OF LOT 4 BLOCK 075 ORIGINAL CITY |
| Neighborhood | 1CBDC |
| Land | $4,527,744 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,527,744 |
| Improvement | $23,205,413 |
|---|---|
| Total Improvement | $23,205,413 |
| Market | $27,733,157 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $27,733,157 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $27,733,157 |
| Taxable Value | $27,733,157 |
|---|
Appreciation: Market value has risen +1047.7% from $2,416,435 (2021) to $27,733,157 (2025), a CAGR of 84.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 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 $567,555. 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 16% of market value ($4,527,744 land vs $23,205,413 improvements), about $204/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $27,733,157, 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 +84.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $585,840,715 by 2030, with an estimated annual tax burden around $11,035,731. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 40,000 SF | ✓ |
| 1ST | 1st Floor | 14,965 SF | ✓ |
| 2ND | 2nd Floor | 14,965 SF | ✓ |
| 3RD | 3rd Floor | 14,965 SF | ✓ |
| 4TH | 4th Floor | 14,965 SF | ✓ |
| 5TH | 5th Floor | 14,965 SF | ✓ |
Market value changed by 1690% in 2024, 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% | $256,587.17 | $256,587.17 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $145,326.46 | $145,326.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $104,233.68 | $104,233.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $32,731.50 | $32,731.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $28,676.08 | $28,676.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $567,554.89 | $567,554.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $30,633,639 | $27,733,157 | +10.5% |
| Assessed Value | $30,633,639 | $27,733,157 | +10.5% |
| Land Value | $9,964,800 | $4,527,744 | +120.1% |
| Improvement Value | $20,668,839 | $23,205,413 | -10.9% |
| Taxable Value | $30,633,639 | $27,733,157 | +10.5% |
| Total Tax 2026 = estimate |
~$626,913
Estimated
|
~$567,555
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $30,633,639 | $30,633,639 | +0 (+0.0%) |
| Taxable Value | $30,633,639 | $30,633,639 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $30,633,639 | $9,964,800 | $20,668,839 | — | $30,633,639 | $30,633,639 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $27,733,157 | $4,527,744 | $23,205,413 | — | $27,733,157 | $27,733,157 | ~$567,555 | Partial |
| 2024 | $— | — | — | — | $4,527,744 | $— | $758,404 | Verified |
| 2023 | $— | — | — | — | $2,416,435 | $— | $43,719 | Verified |
| 2022 | $— | — | — | — | $2,416,435 | $— | $47,723 | Verified |
| 2021 | $2,416,435 | — | — | — | $2,416,435 | $— | $52,598 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.5% | +10.5% | ~100% | Not available | Partial |
| 2025 | -35.9% | -35.9% | ~100% | Not available | Partial |
| 2024 | +1689.7% ! | +1689.7% | ~100% | 1.7500% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1047.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.5% | +529.1% | +80.6% | +1047.7% | 2025 | +10.5% | 2026 |
| 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 |
$567,555 | $310,076 | ~$4,678,961 | $567,555 | 2025 | $52,598 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$51,045,253 | ~$51,045,253 | ~2.0139% | ~$1,028,019 | +84.1% |
| 2027 | ~$93,953,163 | ~$93,953,163 | ~1.9814% | ~$1,861,577 | +238.8% |
| 2028 | ~$172,928,851 | ~$172,928,851 | ~1.9488% | ~$3,370,106 | +523.5% |
| 2029 | ~$318,290,373 | ~$318,290,373 | ~1.9163% | ~$6,099,370 | +1047.7% |
| 2030 | ~$585,840,715 | ~$585,840,715 | ~1.8837% | ~$11,035,731 | +2012.4% |
| 2026 | ~$50,490,590 | ~$50,490,590 | ~2.0465% | ~$1,033,282 | +82.1% |
| 2027 | ~$91,922,446 | ~$91,922,446 | ~2.0465% | ~$1,881,179 | +231.5% |
| 2028 | ~$167,352,693 | ~$167,352,693 | ~2.0465% | ~$3,424,848 | +503.4% |
| 2029 | ~$304,679,923 | ~$304,679,923 | ~2.0465% | ~$6,235,229 | +998.6% |
| 2030 | ~$554,695,918 | ~$554,695,918 | ~2.0465% | ~$11,351,769 | +1900.1% |
| 2026 | ~$51,599,916 | ~$51,599,916 | ~1.9977% | ~$1,030,792 | +86.1% |
| 2027 | ~$96,006,067 | ~$96,006,067 | ~1.9488% | ~$1,871,004 | +246.2% |
| 2028 | ~$178,627,517 | ~$178,627,517 | ~1.9000% | ~$3,393,953 | +544.1% |
| 2029 | ~$332,351,806 | ~$332,351,806 | ~1.8512% | ~$6,152,477 | +1098.4% |
| 2030 | ~$618,369,025 | ~$618,369,025 | ~1.8024% | ~$11,145,306 | +2129.7% |
In 2025, this property's market value of $27,733,157 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 20× 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 | $27,733,157 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | — | $661,016 | $1,438,465 | $3,471,171 | — | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $2,416,435 | $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.