503 WALSH ST TX 78703
| Owner | WALSH STREET VENTURES 2 LLC |
|---|---|
| Parcel ID | 0108010302 |
| Short ID | 106485 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,863 SF |
| Land SF | 7,952 SF |
| Acres | 0.183 |
| Year Built | 1914 |
| Legal | LOT 19 BLK 1 OLT 1 DIV Z DUVAL SUBD |
| Neighborhood | 59CEN |
| Land | $1,988,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,988,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,587,746 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,587,746 |
| Value Limitation Adjustment (−) (homestead cap) | −$265,078 |
| Net Appraised (assessed) | $1,322,668 |
| Taxable Value | $1,322,668 |
|---|
Appreciation: Market value has risen +44.3% from $1,100,106 (2021) to $1,587,746 (2025), a CAGR of 9.6% 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 $27,068. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,322,668) is $265,078 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 125% of market value ($1,988,000 land vs $0 improvements), about $250/SF of land. With value concentrated in the land under a ~112-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 $1,587,746, this parcel sits in the upper-middle (50th–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 +9.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,511,679 by 2030, with an estimated annual tax burden around $40,127. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 5,064 SF | ✗ |
| 1ST | 1st Floor | 1,462 SF | ✓ |
| 031C | GARAGE DET 1ST COMM | 816 SF | ✓ |
| FBSMT | Finished Basement | 401 SF | ✓ |
| 043 | GARAGE ATT BASMT | 285 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 187 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 140 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $12,237.32 | $12,237.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,931.01 | $6,931.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,971.18 | $4,971.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,561.05 | $1,561.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,367.64 | $1,367.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,068.20 | $27,068.20 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,455,739 | $1,587,746 | -8.3% |
| Assessed Value | $1,455,739 | $1,322,668 | +10.1% |
| Land Value | $1,988,000 | $1,988,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,455,739 | $1,322,668 | +10.1% |
| Total Tax 2026 = estimate |
~$29,791
Estimated
|
~$27,068
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,629,397 | $1,455,739 | -1,173,658 (-44.6%) |
| Taxable Value | $1,587,202 | $1,455,739 | -131,463 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,455,739 | $1,988,000 | — | — | $1,455,739 | $1,455,739 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,587,746 | $1,988,000 | — | −$265,078 | $1,322,668 | $1,322,668 | ~$27,068 | Partial |
| 2024 | $1,191,572 | — | — | −$89,349 | $1,102,223 | $— | $21,844 | Verified |
| 2023 | $1,209,200 | — | — | −$334,480 | $874,720 | $— | $21,558 | Verified |
| 2022 | $1,061,436 | — | — | −$186,716 | $874,720 | $— | $23,881 | Verified |
| 2021 | $1,100,106 | — | — | −$304,906 | $795,200 | $— | $23,104 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +65.6% | +20.0% | 60.4% | Not available | Partial |
| 2025 | +44.0% | +20.0% | 83.3% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | -1.5% | -1.5% | ~100% | 1.8100% | Verified |
| 2022 | +13.9% | +13.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +49.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.3% | +6.8% | +11.6% | +33.2% | 2025 | -8.3% | 2026 |
| Assessment Ratio | 100.0% | 83.8% | — | 100.0% | 2026 | 72.3% | 2021 |
| Effective Tax Rate (2025) | 1.7000% | 1.7000% | — | 1.7000% | 2025 | 1.7000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$27,068 | $23,491 | ~$34,511 | $27,068 | 2025 | $21,558 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,740,274 | ~$1,454,935 | ~2.0139% | ~$29,301 | +9.6% |
| 2027 | ~$1,907,455 | ~$1,600,428 | ~1.9814% | ~$31,711 | +20.1% |
| 2028 | ~$2,090,696 | ~$1,760,471 | ~1.9488% | ~$34,309 | +31.7% |
| 2029 | ~$2,291,540 | ~$1,936,518 | ~1.9163% | ~$37,109 | +44.3% |
| 2030 | ~$2,511,679 | ~$2,130,170 | ~1.8837% | ~$40,127 | +58.2% |
| 2026 | ~$1,708,519 | ~$1,454,935 | ~2.0465% | ~$29,775 | +7.6% |
| 2027 | ~$1,838,479 | ~$1,600,428 | ~2.0465% | ~$32,753 | +15.8% |
| 2028 | ~$1,978,324 | ~$1,760,471 | ~2.0465% | ~$36,028 | +24.6% |
| 2029 | ~$2,128,807 | ~$1,936,518 | ~2.0465% | ~$39,631 | +34.1% |
| 2030 | ~$2,290,737 | ~$2,130,170 | ~2.0465% | ~$43,594 | +44.3% |
| 2026 | ~$1,772,029 | ~$1,454,935 | ~1.9977% | ~$29,065 | +11.6% |
| 2027 | ~$1,977,701 | ~$1,600,428 | ~1.9488% | ~$31,190 | +24.6% |
| 2028 | ~$2,207,244 | ~$1,760,471 | ~1.9000% | ~$33,449 | +39.0% |
| 2029 | ~$2,463,430 | ~$1,936,518 | ~1.8512% | ~$35,849 | +55.2% |
| 2030 | ~$2,749,350 | ~$2,130,170 | ~1.8024% | ~$38,394 | +73.2% |
In 2025, this property's market value of $1,587,746 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +12% above 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 | $1,587,746 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,191,572 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,209,200 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,061,436 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,100,106 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.