1504 W 5 ST 10 TX 78703
| Owner | VAN ZANDT THOMAS & SANDRA HICK |
|---|---|
| Parcel ID | 0108030452 |
| Short ID | 106678 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,697 SF |
| Land SF | 11,538 SF |
| Acres | 0.265 |
| Year Built | 1983 |
| Legal | UNT 10 BLD A FIFTEEN HUNDRED WEST FIFTH STREET CONDOMINIUMS PLUS 38.6109% INT IN COMMON AREA |
| Neighborhood | 26CBD08 |
| Land | $2,019,096 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,019,096 |
| Improvement | $545,649 |
|---|---|
| Total Improvement | $545,649 |
| Market | $2,564,745 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,564,745 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,564,745 |
| Taxable Value | $2,564,745 |
|---|
Appreciation: Market value has risen +28.4% from $1,997,307 (2021) to $2,564,745 (2025), a CAGR of 6.5% over 4 years. This represents moderate, steady growth. 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 $52,487. 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 79% of market value ($2,019,096 land vs $545,649 improvements), about $175/SF of land. With value concentrated in the land under a ~43-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 $2,564,745, 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 +6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,505,851 by 2030, with an estimated annual tax burden around $66,041. 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 | 2,697 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 106678 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 1 78703 | $464,539 | $464,539 | $464,539 |
| 106679 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 2 78703 | $219,385 | $219,385 | $219,385 |
| 106680 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 3 78703 | $241,358 | $241,358 | $241,358 |
| 106681 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 4 78703 | $239,388 | $239,388 | $239,388 |
| 106682 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 5 78703 | $117,682 | $117,682 | $117,682 |
| 106683 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 8 78703 | $152,798 | $152,798 | $152,798 |
| 106684 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 9 78703 | $149,250 | $149,250 | $149,250 |
| 106685 | VAN ZANDT THOMAS & SANDRA HICK | 1504 5 ST 10 78703 | $1,075,000 | $1,075,000 | $1,075,000 |
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% | $23,729.02 | $23,729.02 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,439.71 | $13,439.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,639.47 | $9,639.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,027.00 | $3,027.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,651.94 | $2,651.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,487.14 | $52,487.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,659,400 | $2,564,745 | +3.7% |
| Assessed Value | $2,659,400 | $2,564,745 | +3.7% |
| Land Value | $2,019,096 | $2,019,096 | +0.0% |
| Improvement Value | $640,304 | $545,649 | +17.3% |
| Taxable Value | $2,659,400 | $2,564,745 | +3.7% |
| Total Tax 2026 = estimate |
~$54,424
Estimated
|
~$52,487
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,292,208 | $2,659,400 | -632,808 (-19.2%) |
| Taxable Value | $3,077,695 | $2,659,400 | -418,295 (-13.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,659,400 | $2,019,096 | $640,304 | — | $2,659,400 | $2,659,400 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,564,745 | $2,019,096 | $545,649 | — | $2,564,745 | $2,564,745 | ~$52,487 | Partial |
| 2024 | $2,771,100 | — | — | −$752,004 | $2,019,096 | $— | $53,674 | Verified |
| 2023 | $2,542,500 | — | — | −$523,404 | $2,019,096 | $— | $50,136 | Verified |
| 2022 | $2,013,000 | — | — | — | $2,019,096 ! | $— | $50,212 | Verified |
| 2021 | $1,997,307 | — | — | −$555,095 | $1,442,212 | $— | $43,817 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +26.1% | +20.0% | 95.1% | Not available | Partial |
| 2025 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2024 | -1.9% | -1.9% | ~100% | 1.9400% | Verified |
| 2023 | +9.0% | +9.0% | ~100% | 1.8100% | Verified |
| 2022 | +27.3% | +27.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.7% | +6.5% | +5.7% | +26.3% | 2023 | -7.4% | 2025 |
| Assessment Ratio | 100.0% | 87.5% | — | 100.3% | 2022 | 72.2% | 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 |
$52,487 | $50,065 | ~$60,403 | $53,674 | 2024 | $43,817 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,730,197 | ~$2,730,197 | ~2.0139% | ~$54,984 | +6.5% |
| 2027 | ~$2,906,323 | ~$2,906,323 | ~1.9814% | ~$57,586 | +13.3% |
| 2028 | ~$3,093,811 | ~$3,093,811 | ~1.9488% | ~$60,293 | +20.6% |
| 2029 | ~$3,293,393 | ~$3,293,393 | ~1.9163% | ~$63,111 | +28.4% |
| 2030 | ~$3,505,851 | ~$3,505,851 | ~1.8837% | ~$66,041 | +36.7% |
| 2026 | ~$2,678,902 | ~$2,678,902 | ~2.0465% | ~$54,823 | +4.5% |
| 2027 | ~$2,798,141 | ~$2,798,141 | ~2.0465% | ~$57,264 | +9.1% |
| 2028 | ~$2,922,687 | ~$2,922,687 | ~2.0465% | ~$59,812 | +14.0% |
| 2029 | ~$3,052,776 | ~$3,052,776 | ~2.0465% | ~$62,475 | +19.0% |
| 2030 | ~$3,188,656 | ~$3,188,656 | ~2.0465% | ~$65,255 | +24.3% |
| 2026 | ~$2,781,492 | ~$2,781,492 | ~1.9977% | ~$55,565 | +8.5% |
| 2027 | ~$3,016,557 | ~$3,016,557 | ~1.9488% | ~$58,788 | +17.6% |
| 2028 | ~$3,271,487 | ~$3,271,487 | ~1.9000% | ~$62,159 | +27.6% |
| 2029 | ~$3,547,961 | ~$3,547,961 | ~1.8512% | ~$65,680 | +38.3% |
| 2030 | ~$3,847,800 | ~$3,847,800 | ~1.8024% | ~$69,352 | +50.0% |
In 2025, this property's market value of $2,564,745 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +81% 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 | $2,564,745 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,771,100 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,542,500 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,013,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,997,307 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.