301 WEST AVE TX 78701
| Owner | 801 WEST 5TH STREET LP |
|---|---|
| Parcel ID | 0107003204 |
| Short ID | 900979 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 1,481 SF |
| Acres | 0.034 |
| Year Built | — |
| Legal | UNT COMMERCIAL PARKING MASTER UNIT BLOCK 24 MASTER CONDOMINIUMS AMENDED PLUS 1.93 % INT IN COM AREA |
| Neighborhood | 87004 |
| Land | $7,406 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,406 |
| Improvement | $119,717 |
|---|---|
| Total Improvement | $119,717 |
| Market | $127,123 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $127,123 |
| Value Limitation Adjustment (−) (homestead cap) | −$114,144 |
| Net Appraised (assessed) | $12,979 |
| Taxable Value | $12,979 |
|---|
Appreciation: Market value has risen +1310.4% from $9,013 (2021) to $127,123 (2025), a CAGR of 93.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $266. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($12,979) is $114,144 below market value, suggesting potential for an upward assessment in future years.
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 6% of market value ($7,406 land vs $119,717 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $127,123, this parcel sits in the bottom quartile (<25th 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 +93.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,474,702 by 2030, with an estimated annual tax burden around $394. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 294,000 SF | ✓ |
Market value changed by 1310% 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% | $120.08 | $120.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $68.01 | $68.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $48.78 | $48.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15.32 | $15.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13.42 | $13.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $265.61 | $265.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $132,677 | $127,123 | +4.4% |
| Assessed Value | $15,575 | $12,979 | +20.0% |
| Land Value | $12,960 | $7,406 | +75.0% |
| Improvement Value | $119,717 | $119,717 | +0.0% |
| Taxable Value | $15,575 | $12,979 | +20.0% |
| HS Cap Loss | -$117,102 | — | |
| Total Tax 2026 = estimate |
~$319
Estimated
|
~$266
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $132,677 | $132,677 | +0 (+0.0%) |
| Taxable Value | $15,575 | $15,575 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $132,677 | $12,960 | $119,717 | −$117,102 | $15,575 | $15,575 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $127,123 | $7,406 | $119,717 | −$114,144 | $12,979 | $12,979 | ~$266 | Partial |
| 2024 | $9,013 | — | — | −$1,607 | $7,406 | $— | $214 | Verified |
| 2023 | $9,013 | — | — | −$8,619 | $394 | $— | $163 | Verified |
| 2022 | $9,013 | — | — | −$8,619 | $394 | $— | $178 | Verified |
| 2021 | $9,013 | — | — | −$8,619 | $394 | $— | $196 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.4% | +20.0% | 11.7% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 10.2% | Not available | Partial |
| 2024 | +1310.4% ! | +20.0% | 8.5% | 0.1700% | 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): +1310.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.4% | +263.0% | +92.2% | +1310.4% | 2025 | +0.0% | 2022 |
| Assessment Ratio | 11.7% | 19.6% | — | 82.2% | 2024 | 4.4% | 2021 |
| Effective Tax Rate (2025) | 0.2100% | 0.2100% | — | 0.2100% | 2025 | 0.2100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$266 | $203 | ~$339 | $266 | 2025 | $163 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$246,356 | ~$14,277 | ~2.0139% | ~$288 | +93.8% |
| 2027 | ~$477,421 | ~$15,705 | ~1.9814% | ~$311 | +275.6% |
| 2028 | ~$925,210 | ~$17,275 | ~1.9488% | ~$337 | +627.8% |
| 2029 | ~$1,792,994 | ~$19,003 | ~1.9163% | ~$364 | +1310.4% |
| 2030 | ~$3,474,702 | ~$20,903 | ~1.8837% | ~$394 | +2633.3% |
| 2026 | ~$243,813 | ~$14,277 | ~2.0465% | ~$292 | +91.8% |
| 2027 | ~$467,618 | ~$15,705 | ~2.0465% | ~$321 | +267.8% |
| 2028 | ~$896,859 | ~$17,275 | ~2.0465% | ~$354 | +605.5% |
| 2029 | ~$1,720,115 | ~$19,003 | ~2.0465% | ~$389 | +1253.1% |
| 2030 | ~$3,299,066 | ~$20,903 | ~2.0465% | ~$428 | +2495.2% |
| 2026 | ~$248,898 | ~$14,277 | ~1.9977% | ~$285 | +95.8% |
| 2027 | ~$487,326 | ~$15,705 | ~1.9488% | ~$306 | +283.3% |
| 2028 | ~$954,152 | ~$17,275 | ~1.9000% | ~$328 | +650.6% |
| 2029 | ~$1,868,165 | ~$19,003 | ~1.8512% | ~$352 | +1369.6% |
| 2030 | ~$3,657,741 | ~$20,903 | ~1.8024% | ~$377 | +2777.3% |
In 2025, this property's market value of $127,123 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -91% below 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 | $127,123 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $9,013 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $9,013 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $9,013 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $9,013 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.