508 WALSH ST TX 78703
| Owner | WALSH STREET PROPERTIES LTD |
|---|---|
| Parcel ID | 0108031317 |
| Short ID | 106819 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 2,088 SF |
| Land SF | 6,645 SF |
| Acres | 0.153 |
| Year Built | 1969 |
| Legal | S 44.3 FT OF LOT 4-6 BLK 1 OLT 1 DIV Z DUVAL SUBD |
| Neighborhood | 59CEN |
| Land | $1,661,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,661,250 |
| Improvement | $66,296 |
|---|---|
| Total Improvement | $66,296 |
| Market | $1,727,546 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,727,546 |
| Value Limitation Adjustment (−) (homestead cap) | −$660,836 |
| Net Appraised (assessed) | $1,066,710 |
| Taxable Value | $1,066,710 |
|---|
Appreciation: Market value has risen +156.2% from $674,321 (2021) to $1,727,546 (2025), a CAGR of 26.5% 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 $21,830. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,066,710) is $660,836 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 96% of market value ($1,661,250 land vs $66,296 improvements), about $250/SF of land. With value concentrated in the land under a ~57-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 $1,727,546, 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 +26.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,599,294 by 2030, with an estimated annual tax burden around $32,362. 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 | 2,088 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% | $9,869.20 | $9,869.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,589.74 | $5,589.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,009.18 | $4,009.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,258.96 | $1,258.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,102.98 | $1,102.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,830.06 | $21,830.06 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,727,546 | $1,727,546 | +0.0% |
| Assessed Value | $1,280,052 | $1,066,710 | +20.0% |
| Land Value | $1,661,250 | $1,661,250 | +0.0% |
| Improvement Value | $66,296 | $66,296 | +0.0% |
| Taxable Value | $1,280,052 | $1,066,710 | +20.0% |
| HS Cap Loss | -$447,494 | — | |
| Total Tax 2026 = estimate |
~$26,196
Estimated
|
~$21,830
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,727,546 | $1,727,546 | +0 (+0.0%) |
| Taxable Value | $1,280,052 | $1,280,052 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,727,546 | $1,661,250 | $66,296 | −$447,494 | $1,280,052 | $1,280,052 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,727,546 | $1,661,250 | $66,296 | −$660,836 | $1,066,710 | $1,066,710 | ~$21,830 | Partial |
| 2024 | $740,771 | — | — | — | $1,172,696 ! | $— | $17,617 | Verified |
| 2023 | $740,771 | — | — | −$9,821 | $730,950 | $— | $13,402 | Verified |
| 2022 | $674,321 | — | — | — | $730,950 ! | $— | $14,630 | Verified |
| 2021 | $674,321 | — | — | −$9,821 | $664,500 | $— | $14,678 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +20.0% | 74.1% | Not available | Partial |
| 2025 | +47.3% | +20.0% | 61.8% | Not available | Partial |
| 2024 | +47.1% | +11.5% | 75.8% | 1.5000% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.6800% | Verified |
| 2022 | +9.1% | +9.1% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +136.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +28.6% | +26.5% | +133.2% | 2025 | +0.0% | 2022 |
| Assessment Ratio | 74.1% | 100.0% | — | 158.3% | 2024 | 61.7% | 2025 |
| Effective Tax Rate (2025) | 1.2600% | 1.2600% | — | 1.2600% | 2025 | 1.2600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$21,830 | $16,431 | ~$27,833 | $21,830 | 2025 | $13,402 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,185,598 | ~$1,173,381 | ~2.0139% | ~$23,631 | +26.5% |
| 2027 | ~$2,765,102 | ~$1,290,719 | ~1.9814% | ~$25,574 | +60.1% |
| 2028 | ~$3,498,258 | ~$1,419,791 | ~1.9488% | ~$27,669 | +102.5% |
| 2029 | ~$4,425,808 | ~$1,561,770 | ~1.9163% | ~$29,928 | +156.2% |
| 2030 | ~$5,599,294 | ~$1,717,947 | ~1.8837% | ~$32,362 | +224.1% |
| 2026 | ~$2,151,047 | ~$1,173,381 | ~2.0465% | ~$24,013 | +24.5% |
| 2027 | ~$2,678,369 | ~$1,290,719 | ~2.0465% | ~$26,414 | +55.0% |
| 2028 | ~$3,334,961 | ~$1,419,791 | ~2.0465% | ~$29,056 | +93.0% |
| 2029 | ~$4,152,514 | ~$1,561,770 | ~2.0465% | ~$31,961 | +140.4% |
| 2030 | ~$5,170,487 | ~$1,717,947 | ~2.0465% | ~$35,158 | +199.3% |
| 2026 | ~$2,220,149 | ~$1,173,381 | ~1.9977% | ~$23,440 | +28.5% |
| 2027 | ~$2,853,217 | ~$1,290,719 | ~1.9488% | ~$25,154 | +65.2% |
| 2028 | ~$3,666,801 | ~$1,419,791 | ~1.9000% | ~$26,976 | +112.3% |
| 2029 | ~$4,712,375 | ~$1,561,770 | ~1.8512% | ~$28,911 | +172.8% |
| 2030 | ~$6,056,091 | ~$1,717,947 | ~1.8024% | ~$30,964 | +250.6% |
In 2025, this property's market value of $1,727,546 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +22% 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 | $1,727,546 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $740,771 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $740,771 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $674,321 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $674,321 | $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.