1117 W 5 ST B TX 78703
| Owner | TIPS IRON & STEEL CO |
|---|---|
| Parcel ID | 0108010202 |
| Short ID | 106475 |
| Type | Real |
| Use Code | 69 Mfg / Eng / Lab Industrial |
| Valuation | Cost |
| Improvement SF | 33,236 SF |
| Land SF | 122,218 SF |
| Acres | 2.806 |
| Year Built | 1932 |
| Legal | LOT 7,10-11 LESS NW TRI LOT 12-14 & S50'LOT 15-16 BLK 10 OLT 11 DIV Z SAYERS LOT 20-22 PT 19 BLK 2 OLT 1 DUVALL & CEN 85FT AV ROSE ST |
| Neighborhood | 69CEN |
| Land | $16,093,055 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,093,055 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $14,375,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,375,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $14,375,000 |
| Taxable Value | $14,375,000 |
|---|
Appreciation: Market value has risen +70.3% from $8,439,077 (2021) to $14,375,000 (2025), a CAGR of 14.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $294,182. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 112% of market value ($16,093,055 land vs $0 improvements), about $132/SF of land. With value concentrated in the land under a ~94-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 $14,375,000, 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 +14.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $27,973,640 by 2030, with an estimated annual tax burden around $436,107. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 33,236 SF | ✓ |
Market value changed by 91% 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% | $132,997.50 | $132,997.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $75,327.44 | $75,327.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $54,027.72 | $54,027.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,965.81 | $16,965.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,863.75 | $14,863.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $294,182.22 | $294,182.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $14,376,000 | $14,375,000 | +0.0% |
| Assessed Value | $14,376,000 | $14,375,000 | +0.0% |
| Land Value | $27,499,050 | $16,093,055 | +70.9% |
| Improvement Value | — | — | — |
| Taxable Value | $14,376,000 | $14,375,000 | +0.0% |
| Total Tax 2026 = estimate |
~$294,203
Estimated
|
~$294,182
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $27,500,050 | $14,376,000 | -13,124,050 (-47.7%) |
| Taxable Value | $27,500,050 | $14,376,000 | -13,124,050 (-47.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $14,376,000 | $27,499,050 | — | — | $14,376,000 | $14,376,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $14,375,000 | $16,093,055 | — | — | $14,375,000 | $14,375,000 | ~$294,182 | Partial |
| 2024 | $12,657,896 | — | — | — | $16,093,055 ! | $— | $286,627 | Verified |
| 2023 | $12,657,896 | — | — | −$1,000 | $12,656,896 | $— | $229,013 | Verified |
| 2022 | $8,439,077 | — | — | — | $12,656,896 ! | $— | $249,984 | Verified |
| 2021 | $8,439,077 | — | — | −$1,000 | $8,438,077 | $— | $183,692 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +91.3% ! | +91.3% | ~100% | Not available | Partial |
| 2025 | -10.7% | -10.7% | ~100% | Not available | Partial |
| 2024 | +27.1% | +27.1% | ~100% | 1.7800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +50.0% | +50.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +70.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +12.7% | +14.2% | +50.0% | 2023 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 112.9% | — | 150.0% | 2022 | 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 |
$294,182 | $248,699 | ~$375,077 | $294,182 | 2025 | $183,692 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,422,379 | ~$15,812,500 | ~2.0139% | ~$318,454 | +14.2% |
| 2027 | ~$18,761,359 | ~$17,393,750 | ~1.9814% | ~$344,638 | +30.5% |
| 2028 | ~$21,433,472 | ~$19,133,125 | ~1.9488% | ~$372,874 | +49.1% |
| 2029 | ~$24,486,164 | ~$21,046,438 | ~1.9163% | ~$403,311 | +70.3% |
| 2030 | ~$27,973,640 | ~$23,151,081 | ~1.8837% | ~$436,107 | +94.6% |
| 2026 | ~$16,134,879 | ~$15,812,500 | ~2.0465% | ~$323,600 | +12.2% |
| 2027 | ~$18,110,214 | ~$17,393,750 | ~2.0465% | ~$355,960 | +26.0% |
| 2028 | ~$20,327,382 | ~$19,133,125 | ~2.0465% | ~$391,557 | +41.4% |
| 2029 | ~$22,815,990 | ~$21,046,438 | ~2.0465% | ~$430,712 | +58.7% |
| 2030 | ~$25,609,270 | ~$23,151,081 | ~2.0465% | ~$473,783 | +78.2% |
| 2026 | ~$16,709,879 | ~$15,812,500 | ~1.9977% | ~$315,880 | +16.2% |
| 2027 | ~$19,424,005 | ~$17,393,750 | ~1.9488% | ~$338,976 | +35.1% |
| 2028 | ~$22,578,976 | ~$19,133,125 | ~1.9000% | ~$363,533 | +57.1% |
| 2029 | ~$26,246,397 | ~$21,046,438 | ~1.8512% | ~$389,610 | +82.6% |
| 2030 | ~$30,509,505 | ~$23,151,081 | ~1.8024% | ~$417,268 | +112.2% |
In 2025, this property's market value of $14,375,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 10× 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 | $14,375,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $12,657,896 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,657,896 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $8,439,077 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,439,077 | $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.