1508 W 5 ST TX
| Owner | GRIFFITH PARTNERS |
|---|---|
| Parcel ID | 0108030212 |
| Short ID | 106596 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,758 SF |
| Land SF | 21,780 SF |
| Acres | 0.500 |
| Year Built | 1997 |
| Legal | 190 X 110 FT OLT 1 DIVISION Z |
| Neighborhood | 53CEN |
| Land | $5,445,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,445,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $5,393,224 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,393,224 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,393,224 |
| Taxable Value | $5,393,224 |
|---|
Appreciation: Market value has risen +32.5% from $4,070,000 (2021) to $5,393,224 (2025), a CAGR of 7.3% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→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 $110,372. 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 101% of market value ($5,445,000 land vs $0 improvements), about $250/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $5,393,224, 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,667,716 by 2030, with an estimated annual tax burden around $144,440. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 19,576 SF | ✗ |
| 1ST | 1st Floor | 3,018 SF | ✓ |
| 2ND | 2nd Floor | 3,018 SF | ✓ |
| 501 | CANOPY | 1,460 SF | ✗ |
| 3RD | 3rd Floor | 722 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $49,898.11 | $49,898.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $28,261.41 | $28,261.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,270.16 | $20,270.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,365.24 | $6,365.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,576.59 | $5,576.59 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $110,371.51 | $110,371.51 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,568,580 | $5,393,224 | +3.3% |
| Assessed Value | $5,568,580 | $5,393,224 | +3.3% |
| Land Value | $5,445,000 | $5,445,000 | +0.0% |
| Improvement Value | $123,580 | — | — |
| Taxable Value | $5,568,580 | $5,393,224 | +3.3% |
| Total Tax 2026 = estimate |
~$113,960
Estimated
|
~$110,372
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,018,941 | $5,568,580 | -2,450,361 (-30.6%) |
| Taxable Value | $8,018,941 | $5,568,580 | -2,450,361 (-30.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,568,580 | $5,445,000 | $123,580 | — | $5,568,580 | $5,568,580 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,393,224 | $5,445,000 | — | — | $5,393,224 | $5,393,224 | ~$110,372 | Partial |
| 2024 | $5,830,000 | — | — | −$707,503 | $5,122,497 | $— | $101,518 | Verified |
| 2023 | $5,500,000 | — | — | −$1,144,000 | $4,356,000 | $— | $94,702 | Verified |
| 2022 | $— | — | — | — | $4,356,000 | $— | $93,611 | Verified |
| 2021 | $4,070,000 | — | — | −$1,347,500 | $2,722,500 | $— | $91,436 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.7% | +48.7% | ~100% | Not available | Partial |
| 2025 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2024 | -30.2% | -30.2% | ~100% | 1.9800% | Verified |
| 2023 | +33.5% | +33.5% | ~100% | 1.2900% | Verified |
| 2022 | +10.1% | +10.1% | ~100% | 1.7000% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | +9.2% | +6.6% | +35.1% | 2023 | -7.5% | 2025 |
| Assessment Ratio | 100.0% | 86.8% | — | 100.0% | 2025 | 66.9% | 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 |
$110,372 | $99,507 | ~$130,150 | $110,372 | 2025 | $91,436 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,786,447 | ~$5,786,447 | ~2.0139% | ~$116,535 | +7.3% |
| 2027 | ~$6,208,340 | ~$6,208,340 | ~1.9814% | ~$123,011 | +15.1% |
| 2028 | ~$6,660,993 | ~$6,660,993 | ~1.9488% | ~$129,812 | +23.5% |
| 2029 | ~$7,146,650 | ~$7,146,650 | ~1.9163% | ~$136,951 | +32.5% |
| 2030 | ~$7,667,716 | ~$7,667,716 | ~1.8837% | ~$144,440 | +42.2% |
| 2026 | ~$5,678,582 | ~$5,678,582 | ~2.0465% | ~$116,211 | +5.3% |
| 2027 | ~$5,979,039 | ~$5,979,039 | ~2.0465% | ~$122,360 | +10.9% |
| 2028 | ~$6,295,393 | ~$6,295,393 | ~2.0465% | ~$128,834 | +16.7% |
| 2029 | ~$6,628,486 | ~$6,628,486 | ~2.0465% | ~$135,651 | +22.9% |
| 2030 | ~$6,979,203 | ~$6,979,203 | ~2.0465% | ~$142,828 | +29.4% |
| 2026 | ~$5,894,311 | ~$5,894,311 | ~1.9977% | ~$117,748 | +9.3% |
| 2027 | ~$6,441,955 | ~$6,441,955 | ~1.9488% | ~$125,543 | +19.4% |
| 2028 | ~$7,040,481 | ~$7,040,481 | ~1.9000% | ~$133,770 | +30.5% |
| 2029 | ~$7,694,615 | ~$7,694,615 | ~1.8512% | ~$142,442 | +42.7% |
| 2030 | ~$8,409,526 | ~$8,409,526 | ~1.8024% | ~$151,571 | +55.9% |
In 2025, this property's market value of $5,393,224 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,393,224 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,830,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $4,070,000 | $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.