505 OAKLAND AVE TX 78703
| Owner | 505 OAKLAND AVE LLC |
|---|---|
| Parcel ID | 0108031003 |
| Short ID | 106717 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,910 SF |
| Land SF | 15,267 SF |
| Acres | 0.350 |
| Year Built | 2018 |
| Legal | LOT 14 OLT 1 DIV Z WOODLAND |
| Neighborhood | 53CEN |
| Land | $3,816,653 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,816,653 |
| Improvement | $1,166,282 |
|---|---|
| Total Improvement | $1,166,282 |
| Market | $4,982,935 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,982,935 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,982,935 |
| Taxable Value | $4,982,935 |
|---|
Appreciation: Market value has risen +135.7% from $2,113,871 (2021) to $4,982,935 (2025), a CAGR of 23.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $101,975. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 77% of market value ($3,816,653 land vs $1,166,282 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 $4,982,935, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +23.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,554,378 by 2030, with an estimated annual tax burden around $151,172. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,000 SF | ✗ |
| 2ND | 2nd Floor | 4,414 SF | ✓ |
| 1ST | 1st Floor | 3,496 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% | $46,102.11 | $46,102.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,111.43 | $26,111.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,728.11 | $18,728.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,881.01 | $5,881.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,152.35 | $5,152.35 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $101,975.01 | $101,975.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,302,693 | $4,982,935 | -13.7% |
| Assessed Value | $4,302,693 | $4,982,935 | -13.7% |
| Land Value | $3,816,653 | $3,816,653 | +0.0% |
| Improvement Value | $486,040 | $1,166,282 | -58.3% |
| Taxable Value | $4,302,693 | $4,982,935 | -13.7% |
| Total Tax 2026 = estimate |
~$88,054
Estimated
|
~$101,975
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,438,833 | $4,302,693 | -2,136,140 (-33.2%) |
| Taxable Value | $5,979,522 | $4,302,693 | -1,676,829 (-28.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,302,693 | $3,816,653 | $486,040 | — | $4,302,693 | $4,302,693 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,982,935 | $3,816,653 | $1,166,282 | — | $4,982,935 | $4,982,935 | ~$101,975 | Partial |
| 2024 | $4,897,719 | — | — | — | — | $— | $98,753 | Verified |
| 2023 | $3,800,000 | — | — | — | — | $— | $88,612 | Verified |
| 2022 | $3,035,700 | — | — | — | — | $— | $75,195 | Verified |
| 2021 | $2,113,871 | — | — | — | — | $— | $62,437 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +29.2% | +20.0% | 92.9% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +1.7% | +1.7% | ~100% | 1.9800% | Verified |
| 2023 | +24.0% | +24.0% | ~100% | 1.8100% | Verified |
| 2022 | +30.1% | +30.1% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 2.9500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +64.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.7% | +17.1% | +27.8% | +43.6% | 2022 | -13.7% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$101,975 | $85,394 | ~$130,016 | $101,975 | 2025 | $62,437 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,174,288 | ~$5,481,228 | ~2.0139% | ~$110,388 | +23.9% |
| 2027 | ~$7,650,478 | ~$6,029,351 | ~1.9814% | ~$119,465 | +53.5% |
| 2028 | ~$9,479,606 | ~$6,632,286 | ~1.9488% | ~$129,253 | +90.2% |
| 2029 | ~$11,746,053 | ~$7,295,515 | ~1.9163% | ~$139,803 | +135.7% |
| 2030 | ~$14,554,378 | ~$8,025,067 | ~1.8837% | ~$151,172 | +192.1% |
| 2026 | ~$6,074,630 | ~$5,481,228 | ~2.0465% | ~$112,173 | +21.9% |
| 2027 | ~$7,405,500 | ~$6,029,351 | ~2.0465% | ~$123,390 | +48.6% |
| 2028 | ~$9,027,946 | ~$6,632,286 | ~2.0465% | ~$135,729 | +81.2% |
| 2029 | ~$11,005,849 | ~$7,295,515 | ~2.0465% | ~$149,302 | +120.9% |
| 2030 | ~$13,417,084 | ~$8,025,067 | ~2.0465% | ~$164,232 | +169.3% |
| 2026 | ~$6,273,947 | ~$5,481,228 | ~1.9977% | ~$109,496 | +25.9% |
| 2027 | ~$7,899,443 | ~$6,029,351 | ~1.9488% | ~$117,502 | +58.5% |
| 2028 | ~$9,946,084 | ~$6,632,286 | ~1.9000% | ~$126,015 | +99.6% |
| 2029 | ~$12,522,981 | ~$7,295,515 | ~1.8512% | ~$135,054 | +151.3% |
| 2030 | ~$15,767,519 | ~$8,025,067 | ~1.8024% | ~$144,642 | +216.4% |
In 2025, this property's market value of $4,982,935 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 59× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $4,982,935 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $4,897,719 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $3,800,000 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | $3,035,700 | $15,000 | $55,000 | $180,463 | ↑ Top 25% | +100.0% |
| 2021 | $2,113,871 | $6,000 | $14,480 | $80,000 | ↑ 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.