608 W 5 ST TX 78701
| Owner | AUSTIN LEADING EDGE LP |
|---|---|
| Parcel ID | 0107001105 |
| Short ID | 105401 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 11,792 SF |
| Land SF | 17,781 SF |
| Acres | 0.408 |
| Year Built | 2022 |
| Legal | LOT 3 & 4 BLOCK 050 ORIGINAL CITY |
| Neighborhood | 58CBD |
| Land | $4,889,827 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,889,827 |
| Improvement | $52,863,379 |
|---|---|
| Total Improvement | $52,863,379 |
| Market | $57,753,206 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $57,753,206 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $57,753,206 |
| Taxable Value | $57,753,206 |
|---|
Appreciation: Market value has risen +1152.2% from $4,612,043 (2021) to $57,753,206 (2025), a CAGR of 88.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $1,181,911. 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 8% of market value ($4,889,827 land vs $52,863,379 improvements), about $275/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $57,753,206, 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 +88.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,360,440,447 by 2030, with an estimated annual tax burden around $1,752,109. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 126,426 SF | ✓ |
| 187 | PARKING GARAGE | 118,622 SF | ✓ |
| 1ST | 1st Floor | 11,792 SF | ✓ |
Market value changed by 87% in 2022, 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% | $534,332.66 | $534,332.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $302,636.62 | $302,636.62 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $217,062.54 | $217,062.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $68,162.07 | $68,162.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $59,716.82 | $59,716.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,181,910.71 | $1,181,910.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $63,320,061 | $57,753,206 | +9.6% |
| Assessed Value | $63,320,061 | $57,753,206 | +9.6% |
| Land Value | $13,335,893 | $4,889,827 | +172.7% |
| Improvement Value | $49,984,168 | $52,863,379 | -5.4% |
| Taxable Value | $63,320,061 | $57,753,206 | +9.6% |
| Total Tax 2026 = estimate |
~$1,295,836
Estimated
|
~$1,181,911
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $63,320,061 | $63,320,061 | +0 (+0.0%) |
| Taxable Value | $63,320,061 | $63,320,061 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $63,320,061 | $13,335,893 | $49,984,168 | — | $63,320,061 | $63,320,061 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $57,753,206 | $4,889,827 | $52,863,379 | — | $57,753,206 | $57,753,206 | ~$1,181,911 | Partial |
| 2024 | $43,327,068 | — | — | −$38,437,241 | $4,889,827 | $— | $837,596 | Verified |
| 2023 | $9,048,761 | — | — | −$4,325,188 | $4,723,573 | $— | $783,894 | Verified |
| 2022 | $4,848,774 | — | — | −$125,201 | $4,723,573 | $— | $178,706 | Verified |
| 2021 | $4,612,043 | — | — | — | $4,723,573 ! | $— | $105,542 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2025 | +36.6% | +36.6% | ~100% | Not available | Partial |
| 2024 | -2.5% | -2.5% | ~100% | 1.9800% | Verified |
| 2023 | +378.8% ! | +378.8% | ~100% | 1.8100% | Verified |
| 2022 | +86.6% ! | +86.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1091.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.6% | +102.7% | +84.8% | +378.8% | 2024 | +5.1% | 2022 |
| Assessment Ratio | 100.0% | 77.2% | — | 102.4% | 2021 | 11.3% | 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 |
$1,181,911 | $617,530 | ~$1,506,913 | $1,181,911 | 2025 | $105,542 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$108,641,758 | ~$63,528,527 | ~2.0139% | ~$1,279,424 | +88.1% |
| 2027 | ~$204,370,154 | ~$69,881,379 | ~1.9814% | ~$1,384,621 | +253.9% |
| 2028 | ~$384,448,491 | ~$76,869,517 | ~1.9488% | ~$1,498,064 | +565.7% |
| 2029 | ~$723,200,717 | ~$84,556,469 | ~1.9163% | ~$1,620,348 | +1152.2% |
| 2030 | ~$1,360,440,447 | ~$93,012,116 | ~1.8837% | ~$1,752,109 | +2255.6% |
| 2026 | ~$107,486,694 | ~$63,528,527 | ~2.0465% | ~$1,300,102 | +86.1% |
| 2027 | ~$200,047,585 | ~$69,881,379 | ~2.0465% | ~$1,430,112 | +246.4% |
| 2028 | ~$372,316,190 | ~$76,869,517 | ~2.0465% | ~$1,573,123 | +544.7% |
| 2029 | ~$692,931,859 | ~$84,556,469 | ~2.0465% | ~$1,730,435 | +1099.8% |
| 2030 | ~$1,289,641,906 | ~$93,012,116 | ~2.0465% | ~$1,903,479 | +2133.0% |
| 2026 | ~$109,796,822 | ~$63,528,527 | ~1.9977% | ~$1,269,085 | +90.1% |
| 2027 | ~$208,738,926 | ~$69,881,379 | ~1.9488% | ~$1,361,876 | +261.4% |
| 2028 | ~$396,841,532 | ~$76,869,517 | ~1.9000% | ~$1,460,534 | +587.1% |
| 2029 | ~$754,450,570 | ~$84,556,469 | ~1.8512% | ~$1,565,304 | +1206.3% |
| 2030 | ~$1,434,314,749 | ~$93,012,116 | ~1.8024% | ~$1,676,424 | +2383.5% |
In 2025, this property's market value of $57,753,206 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 41× 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 | $57,753,206 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $43,327,068 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,048,761 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,848,774 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,612,043 | $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.