506 WALSH ST TX 78703
| Owner | WALSH STREET PROPERTIES LTD |
|---|---|
| Parcel ID | 0108031318 |
| Short ID | 106820 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 3,600 SF |
| Land SF | 7,500 SF |
| Acres | 0.172 |
| Year Built | 1972 |
| Legal | LOT 22 BLK 1 OLT 1 DIV Z DUVAL SUBD |
| Neighborhood | 61CEN |
| Land | $1,875,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,875,000 |
| Improvement | $173,267 |
|---|---|
| Total Improvement | $173,267 |
| Market | $2,048,267 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,048,267 |
| Value Limitation Adjustment (−) (homestead cap) | −$613,762 |
| Net Appraised (assessed) | $1,434,505 |
| Taxable Value | $1,434,505 |
|---|
Appreciation: Market value has risen +136.8% from $864,840 (2021) to $2,048,267 (2025), a CAGR of 24.1% 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 $29,357. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,434,505) is $613,762 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 92% of market value ($1,875,000 land vs $173,267 improvements), about $250/SF of land. With value concentrated in the land under a ~54-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 $2,048,267, 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 +24.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,017,971 by 2030, with an estimated annual tax burden around $43,520. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 7,200 SF | ✗ |
| 1ST | 1st Floor | 3,600 SF | ✓ |
| 551 | PAVED AREA | 800 SF | ✗ |
| 881 | COMMCL FINISHOUT | 800 SF | ✓ |
Market value changed by 95% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $13,272.04 | $13,272.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,517.05 | $7,517.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,391.52 | $5,391.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,693.05 | $1,693.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,483.28 | $1,483.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $29,356.94 | $29,356.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,892,326 | $2,048,267 | -7.6% |
| Assessed Value | $1,721,406 | $1,434,505 | +20.0% |
| Land Value | $1,875,000 | $1,875,000 | +0.0% |
| Improvement Value | $17,326 | $173,267 | -90.0% |
| Taxable Value | $1,721,406 | $1,434,505 | +20.0% |
| HS Cap Loss | -$170,920 | — | |
| Total Tax 2026 = estimate |
~$35,228
Estimated
|
~$29,357
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,301,546 | $1,892,326 | -409,220 (-17.8%) |
| Taxable Value | $1,721,406 | $1,721,406 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,892,326 | $1,875,000 | $17,326 | −$170,920 | $1,721,406 | $1,721,406 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,048,267 | $1,875,000 | $173,267 | −$613,762 | $1,434,505 | $1,434,505 | ~$29,357 | Partial |
| 2024 | $996,184 | — | — | — | $1,875,000 ! | $— | $23,691 | Verified |
| 2023 | $955,000 | — | — | −$130,000 | $825,000 | $— | $18,023 | Verified |
| 2022 | $880,000 | — | — | −$55,000 | $825,000 | $— | $18,861 | Verified |
| 2021 | $864,840 | — | — | −$114,840 | $750,000 | $— | $19,155 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.4% | +20.0% | 74.8% | Not available | Partial |
| 2025 | +5.4% | +20.0% | 70.0% | Not available | Partial |
| 2024 | +95.1% ! | +20.0% | 61.5% | 1.2200% | Verified |
| 2023 | +1.9% | +1.9% | ~100% | 1.8100% | Verified |
| 2022 | +11.1% | +11.1% | ~100% | 1.9300% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +132.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.6% | +22.5% | +26.1% | +105.6% | 2025 | -7.6% | 2026 |
| Assessment Ratio | 91.0% | 102.7% | — | 188.2% | 2024 | 70.0% | 2025 |
| Effective Tax Rate (2025) | 1.4300% | 1.4300% | — | 1.4300% | 2025 | 1.4300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$29,357 | $21,817 | ~$37,430 | $29,357 | 2025 | $18,023 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,540,968 | ~$1,577,956 | ~2.0139% | ~$31,779 | +24.1% |
| 2027 | ~$3,152,187 | ~$1,735,751 | ~1.9814% | ~$34,392 | +53.9% |
| 2028 | ~$3,910,431 | ~$1,909,326 | ~1.9488% | ~$37,210 | +90.9% |
| 2029 | ~$4,851,068 | ~$2,100,259 | ~1.9163% | ~$40,247 | +136.8% |
| 2030 | ~$6,017,971 | ~$2,310,285 | ~1.8837% | ~$43,520 | +193.8% |
| 2026 | ~$2,500,003 | ~$1,577,956 | ~2.0465% | ~$32,293 | +22.1% |
| 2027 | ~$3,051,368 | ~$1,735,751 | ~2.0465% | ~$35,522 | +49.0% |
| 2028 | ~$3,724,333 | ~$1,909,326 | ~2.0465% | ~$39,074 | +81.8% |
| 2029 | ~$4,545,718 | ~$2,100,259 | ~2.0465% | ~$42,981 | +121.9% |
| 2030 | ~$5,548,255 | ~$2,310,285 | ~2.0465% | ~$47,280 | +170.9% |
| 2026 | ~$2,581,934 | ~$1,577,956 | ~1.9977% | ~$31,522 | +26.1% |
| 2027 | ~$3,254,645 | ~$1,735,751 | ~1.9488% | ~$33,827 | +58.9% |
| 2028 | ~$4,102,628 | ~$1,909,326 | ~1.9000% | ~$36,278 | +100.3% |
| 2029 | ~$5,171,549 | ~$2,100,259 | ~1.8512% | ~$38,880 | +152.5% |
| 2030 | ~$6,518,973 | ~$2,310,285 | ~1.8024% | ~$41,640 | +218.3% |
In 2025, this property's market value of $2,048,267 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +45% 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 | $2,048,267 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $996,184 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $955,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $880,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $864,840 | $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.