505 WALSH ST TX 78703
| Owner | WALSH STREET VENTURES 2 LLC |
|---|---|
| Parcel ID | 0108010303 |
| Short ID | 106486 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,127 SF |
| Land SF | 7,952 SF |
| Acres | 0.183 |
| Year Built | 1914 |
| Legal | LOT 18 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 | $1,571,124 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,571,124 |
| Value Limitation Adjustment (−) (homestead cap) | −$270,635 |
| Net Appraised (assessed) | $1,300,489 |
| Taxable Value | $1,300,489 |
|---|
Appreciation: Market value has risen +53.7% from $1,021,961 (2021) to $1,571,124 (2025), a CAGR of 11.4% 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 $26,614. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,300,489) is $270,635 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 127% 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 $1,571,124, 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 +11.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,689,556 by 2030, with an estimated annual tax burden around $39,454. 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 |
|---|---|---|---|
| 034 | GARAGE DET CLASS | 1,728 SF | ✓ |
| 1ST | 1st Floor | 1,127 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,127 SF | ✗ |
| UBSMT | Unfinished Basement | 120 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 120 SF | ✗ |
| 251 | BATHROOM | 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% | $12,032.12 | $12,032.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,814.78 | $6,814.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,887.82 | $4,887.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,534.88 | $1,534.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,344.71 | $1,344.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,614.31 | $26,614.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,450,304 | $1,571,124 | -7.7% |
| Assessed Value | $1,450,304 | $1,300,489 | +11.5% |
| Land Value | $1,988,000 | $1,988,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,450,304 | $1,300,489 | +11.5% |
| Total Tax 2026 = estimate |
~$29,680
Estimated
|
~$26,614
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,575,043 | $1,450,304 | -1,124,739 (-43.7%) |
| Taxable Value | $1,560,587 | $1,450,304 | -110,283 (-7.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,450,304 | $1,988,000 | — | — | $1,450,304 | $1,450,304 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,571,124 | $1,988,000 | — | −$270,635 | $1,300,489 | $1,300,489 | ~$26,614 | Partial |
| 2024 | $1,157,100 | — | — | −$73,359 | $1,083,741 | $— | $21,478 | Verified |
| 2023 | $1,142,600 | — | — | −$267,880 | $874,720 | $— | $20,935 | Verified |
| 2022 | $1,025,336 | — | — | −$150,616 | $874,720 | $— | $22,565 | Verified |
| 2021 | $1,021,961 | — | — | −$226,761 | $795,200 | $— | $22,318 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +63.9% | +20.0% | 60.6% | Not available | Partial |
| 2025 | +45.0% | +20.0% | 82.8% | Not available | Partial |
| 2024 | -6.3% | -6.3% | ~100% | 1.9800% | Verified |
| 2023 | +1.3% | +1.3% | ~100% | 1.8100% | Verified |
| 2022 | +11.4% | +11.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +53.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.7% | +8.2% | +13.2% | +35.8% | 2025 | -7.7% | 2026 |
| Assessment Ratio | 100.0% | 86.0% | — | 100.0% | 2026 | 76.6% | 2023 |
| Effective Tax Rate (2025) | 1.6900% | 1.6900% | — | 1.6900% | 2025 | 1.6900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,614 | $22,782 | ~$33,933 | $26,614 | 2025 | $20,935 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,749,462 | ~$1,430,538 | ~2.0139% | ~$28,810 | +11.4% |
| 2027 | ~$1,948,043 | ~$1,573,592 | ~1.9814% | ~$31,179 | +24.0% |
| 2028 | ~$2,169,165 | ~$1,730,951 | ~1.9488% | ~$33,733 | +38.1% |
| 2029 | ~$2,415,386 | ~$1,904,046 | ~1.9163% | ~$36,487 | +53.7% |
| 2030 | ~$2,689,556 | ~$2,094,451 | ~1.8837% | ~$39,454 | +71.2% |
| 2026 | ~$1,718,039 | ~$1,430,538 | ~2.0465% | ~$29,276 | +9.4% |
| 2027 | ~$1,878,693 | ~$1,573,592 | ~2.0465% | ~$32,203 | +19.6% |
| 2028 | ~$2,054,369 | ~$1,730,951 | ~2.0465% | ~$35,424 | +30.8% |
| 2029 | ~$2,246,473 | ~$1,904,046 | ~2.0465% | ~$38,966 | +43.0% |
| 2030 | ~$2,456,540 | ~$2,094,451 | ~2.0465% | ~$42,863 | +56.4% |
| 2026 | ~$1,780,884 | ~$1,430,538 | ~1.9977% | ~$28,577 | +13.4% |
| 2027 | ~$2,018,650 | ~$1,573,592 | ~1.9488% | ~$30,667 | +28.5% |
| 2028 | ~$2,288,159 | ~$1,730,951 | ~1.9000% | ~$32,888 | +45.6% |
| 2029 | ~$2,593,651 | ~$1,904,046 | ~1.8512% | ~$35,248 | +65.1% |
| 2030 | ~$2,939,929 | ~$2,094,451 | ~1.8024% | ~$37,750 | +87.1% |
In 2025, this property's market value of $1,571,124 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +11% 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 | $1,571,124 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,157,100 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,142,600 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,025,336 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,021,961 | $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.