1624 W 5 ST TX 78703
| Owner | 1624W5 LLC |
|---|---|
| Parcel ID | 0109040523 |
| Short ID | 107153 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 2,108 SF |
| Land SF | 8,940 SF |
| Acres | 0.205 |
| Year Built | 1954 |
| Legal | LOT 21-22 BLK 1 GRAHAM R NILES ADDN |
| Neighborhood | 32CEN |
| Land | $1,810,350 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,810,350 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,559,941 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,559,941 |
| Value Limitation Adjustment (−) (homestead cap) | −$39,246 |
| Net Appraised (assessed) | $1,520,695 |
| Taxable Value | $1,520,695 |
|---|
Appreciation: Market value has risen +66.3% from $938,300 (2021) to $1,559,941 (2025), a CAGR of 13.6% 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 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 $31,121. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,520,695) is $39,246 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 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 116% of market value ($1,810,350 land vs $0 improvements), about $202/SF of land. With value concentrated in the land under a ~72-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 $1,559,941, 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 +13.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,944,871 by 2030, with an estimated annual tax burden around $46,135. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,160 SF | ✗ |
| 1ST | 1st Floor | 2,108 SF | ✓ |
| 511 | DECK | 1,328 SF | ✗ |
| 611 | TERRACE | 814 SF | ✗ |
| 501 | CANOPY | 368 SF | ✗ |
| 327 | STORAGE COMM'L | 105 SF | ✓ |
| 541 | FENCE COMM LF | 55 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% | $14,069.47 | $14,069.47 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,968.70 | $7,968.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,715.46 | $5,715.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,794.77 | $1,794.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,572.40 | $1,572.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,120.80 | $31,120.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,564,501 | $1,559,941 | +0.3% |
| Assessed Value | $1,564,501 | $1,520,695 | +2.9% |
| Land Value | $2,235,000 | $1,810,350 | +23.5% |
| Improvement Value | — | — | — |
| Taxable Value | $1,564,501 | $1,520,695 | +2.9% |
| Total Tax 2026 = estimate |
~$32,017
Estimated
|
~$31,121
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,284,951 | $1,564,501 | -720,450 (-31.5%) |
| Taxable Value | $1,824,834 | $1,564,501 | -260,333 (-14.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,564,501 | $2,235,000 | — | — | $1,564,501 | $1,564,501 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,559,941 | $1,810,350 | — | −$39,246 | $1,520,695 | $1,520,695 | ~$31,121 | Partial |
| 2024 | $1,267,246 | — | — | — | $1,267,246 | $— | $25,114 | Verified |
| 2023 | $1,156,438 | — | — | — | $1,267,245 ! | $— | $22,928 | Verified |
| 2022 | $939,196 | — | — | — | $1,156,438 ! | $— | $22,839 | Verified |
| 2021 | $938,300 | — | — | −$69,332 | $868,968 | $— | $20,443 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +46.5% | +20.0% | 79.9% | Not available | Partial |
| 2025 | +23.1% | +20.0% | 97.5% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +9.6% | +9.6% | ~100% | 1.8100% | Verified |
| 2022 | +23.1% | +23.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +66.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +11.2% | +13.5% | +23.1% | 2023 | +0.1% | 2022 |
| Assessment Ratio | 100.0% | 103.8% | — | 123.1% | 2022 | 92.6% | 2021 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$31,121 | $24,489 | ~$39,678 | $31,121 | 2025 | $20,443 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,771,331 | ~$1,672,765 | ~2.0139% | ~$33,688 | +13.6% |
| 2027 | ~$2,011,367 | ~$1,840,041 | ~1.9814% | ~$36,458 | +28.9% |
| 2028 | ~$2,283,931 | ~$2,024,045 | ~1.9488% | ~$39,445 | +46.4% |
| 2029 | ~$2,593,431 | ~$2,226,450 | ~1.9163% | ~$42,665 | +66.3% |
| 2030 | ~$2,944,871 | ~$2,449,095 | ~1.8837% | ~$46,135 | +88.8% |
| 2026 | ~$1,740,132 | ~$1,672,765 | ~2.0465% | ~$34,233 | +11.6% |
| 2027 | ~$1,941,138 | ~$1,840,041 | ~2.0465% | ~$37,656 | +24.4% |
| 2028 | ~$2,165,362 | ~$2,024,045 | ~2.0465% | ~$41,422 | +38.8% |
| 2029 | ~$2,415,487 | ~$2,226,450 | ~2.0465% | ~$45,564 | +54.8% |
| 2030 | ~$2,694,504 | ~$2,449,095 | ~2.0465% | ~$50,120 | +72.7% |
| 2026 | ~$1,802,530 | ~$1,672,765 | ~1.9977% | ~$33,416 | +15.6% |
| 2027 | ~$2,082,845 | ~$1,840,041 | ~1.9488% | ~$35,859 | +33.5% |
| 2028 | ~$2,406,751 | ~$2,024,045 | ~1.9000% | ~$38,457 | +54.3% |
| 2029 | ~$2,781,029 | ~$2,226,450 | ~1.8512% | ~$41,216 | +78.3% |
| 2030 | ~$3,213,512 | ~$2,449,095 | ~1.8024% | ~$44,142 | +106.0% |
In 2025, this property's market value of $1,559,941 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +10% 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 | $1,559,941 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,267,246 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,156,438 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $939,196 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $938,300 | $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.