501 BOWIE ST 78701
| Owner | SHOAL CREEK WALK LTD |
|---|---|
| Parcel ID | 0107000921 |
| Short ID | 973572 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 86,400 SF |
| Land SF | 76,815 SF |
| Acres | 1.763 |
| Year Built | 2020 |
| Legal | 1.7634AC OF LOT 1-7&9 LESS E 12 FT AV OF LOT 7 RESUB LOT 1-2 W 130FT LOT 2-3 BLK 5 RAYMONDS PLATEAU |
| Neighborhood | CBD |
| Land | $11,977,379 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,977,379 |
| Improvement | $53,958,849 |
|---|---|
| Total Improvement | $53,958,849 |
| Market | $65,936,228 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $65,936,228 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $65,936,228 |
| Taxable Value | $65,936,228 |
|---|
Appreciation: Market value has fallen -23.3% from $85,960,239 (2024) to $65,936,228 (2025), a CAGR of -23.3% over 1 year. 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 fell -1.5%, 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 $1,349,375. 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 18% of market value ($11,977,379 land vs $53,958,849 improvements), about $156/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $65,936,228, 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 -23.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,508,806 by 2030, with an estimated annual tax burden around $329,821. 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 | 127,104 SF | ✓ |
| 1ST | 1st Floor | 28,800 SF | ✓ |
| 2ND | 2nd Floor | 28,800 SF | ✓ |
| 3RD | 3rd Floor | 28,800 SF | ✓ |
| 4TH | 4th Floor | 28,800 SF | ✓ |
| 5TH | 5th Floor | 28,800 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% | $577,694.88 | $577,694.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $327,196.21 | $327,196.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $234,677.62 | $234,677.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $73,693.56 | $73,693.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $64,562.96 | $64,562.96 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,277,825.23 | $1,277,825.23 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $66,553,500 | $65,936,228 | +0.9% |
| Assessed Value | $66,553,500 | $65,936,228 | +0.9% |
| Land Value | $31,110,075 | $11,977,379 | +159.7% |
| Improvement Value | $35,443,425 | $53,958,849 | -34.3% |
| Taxable Value | $66,553,500 | $65,936,228 | +0.9% |
| Total Tax 2026 = estimate |
~$1,362,007
Estimated
|
~$1,277,825
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $66,553,500 | $66,553,500 | +0 (+0.0%) |
| Taxable Value | $66,553,500 | $66,553,500 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $66,553,500 | $31,110,075 | $35,443,425 | — | $66,553,500 | $66,553,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $65,936,228 | $11,977,379 | $53,958,849 | — | $65,936,228 | $65,936,228 | ~$1,277,825 | Partial |
| 2024 | $85,960,239 | — | — | −$73,982,860 | $11,977,379 | $— | $1,341,707 | Verified |
| 2023 | $— | — | — | — | $14,875,993 | $— | $1,555,233 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2025 | -5.2% | -5.2% | ~100% | Not available | Partial |
| 2024 | -19.1% | -19.1% | ~100% | 1.9300% | Verified |
| 2023 | base year | — | ~100% | 1.8100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -23.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | -11.2% | -23.4% | +0.9% | 2026 | -23.3% | 2025 |
| Assessment Ratio | 100.0% | 71.3% | — | 100.0% | 2025 | 13.9% | 2024 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,277,825 | $1,309,766 | ~$626,887 | $1,341,707 | 2024 | $1,277,825 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$50,576,711 | ~$50,576,711 | ~2.0139% | ~$1,018,583 | -23.3% |
| 2027 | ~$38,795,117 | ~$38,795,117 | ~1.9814% | ~$768,682 | -41.2% |
| 2028 | ~$29,757,987 | ~$29,757,987 | ~1.9488% | ~$579,935 | -54.9% |
| 2029 | ~$22,826,012 | ~$22,826,012 | ~1.9163% | ~$437,413 | -65.4% |
| 2030 | ~$17,508,806 | ~$17,508,806 | ~1.8837% | ~$329,821 | -73.4% |
| 2026 | ~$62,639,417 | ~$62,639,417 | ~2.0465% | ~$1,281,906 | -5.0% |
| 2027 | ~$59,507,446 | ~$59,507,446 | ~2.0465% | ~$1,217,811 | -9.7% |
| 2028 | ~$56,532,073 | ~$56,532,073 | ~2.0465% | ~$1,156,920 | -14.3% |
| 2029 | ~$53,705,470 | ~$53,705,470 | ~2.0465% | ~$1,099,074 | -18.5% |
| 2030 | ~$51,020,196 | ~$51,020,196 | ~2.0465% | ~$1,044,121 | -22.6% |
| 2026 | ~$51,895,436 | ~$51,895,436 | ~1.9977% | ~$1,036,696 | -21.3% |
| 2027 | ~$40,844,560 | ~$40,844,560 | ~1.9488% | ~$795,995 | -38.1% |
| 2028 | ~$32,146,914 | ~$32,146,914 | ~1.9000% | ~$610,797 | -51.2% |
| 2029 | ~$25,301,388 | ~$25,301,388 | ~1.8512% | ~$468,378 | -61.6% |
| 2030 | ~$19,913,583 | ~$19,913,583 | ~1.8024% | ~$358,917 | -69.8% |
In 2025, this property's market value of $65,936,228 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 47× 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 | $65,936,228 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $85,960,239 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
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.