1608 W 5 ST TX 78703
| Owner | 1604 W 5TH STREET PARTNERS LP |
|---|---|
| Parcel ID | 0109040527 |
| Short ID | 858781 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 45,000 SF |
| Land SF | 23,217 SF |
| Acres | 0.533 |
| Year Built | 2020 |
| Legal | LOT 1-2 GRAHAMS R N SUBD NO 1 AMD LOTS 14-16 |
| Neighborhood | 51CBD |
| Land | $5,804,370 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,804,370 |
| Improvement | $13,150,128 |
|---|---|
| Total Improvement | $13,150,128 |
| Market | $18,954,498 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,954,498 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,954,498 |
| Taxable Value | $18,954,498 |
|---|
Appreciation: Market value has risen +1133.4% from $1,536,797 (2021) to $18,954,498 (2025), a CAGR of 87.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $387,901. 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 31% of market value ($5,804,370 land vs $13,150,128 improvements), about $250/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $18,954,498, this parcel sits in the top quartile (≥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 +87.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $438,108,839 by 2030, with an estimated annual tax burden around $575,039. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 60,000 SF | ✓ |
| 1ST | 1st Floor | 15,000 SF | ✓ |
| 2ND | 2nd Floor | 15,000 SF | ✓ |
| 3RD | 3rd Floor | 15,000 SF | ✓ |
Market value changed by 425% in 2023, 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% | $168,407.17 | $168,407.17 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $95,382.86 | $95,382.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $68,412.23 | $68,412.23 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,482.84 | $21,482.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,821.12 | $18,821.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $372,506.22 | $372,506.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,952,782 | $18,954,498 | +15.8% |
| Assessed Value | $21,952,782 | $18,954,498 | +15.8% |
| Land Value | $5,804,370 | $5,804,370 | +0.0% |
| Improvement Value | $16,148,412 | $13,150,128 | +22.8% |
| Taxable Value | $21,952,782 | $18,954,498 | +15.8% |
| Total Tax 2026 = estimate |
~$449,260
Estimated
|
~$372,506
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $21,952,782 | $21,952,782 | +0 (+0.0%) |
| Taxable Value | $21,952,782 | $21,952,782 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,952,782 | $5,804,370 | $16,148,412 | — | $21,952,782 | $21,952,782 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,954,498 | $5,804,370 | $13,150,128 | — | $18,954,498 | $18,954,498 | ~$372,506 | Partial |
| 2024 | $22,800,000 | — | — | −$16,995,630 | $5,804,370 | $— | $381,614 | Verified |
| 2023 | $4,563,059 | — | — | −$500,000 | $4,063,059 | $— | $413,642 | Verified |
| 2022 | $3,286,098 | — | — | — | $4,063,059 ! | $— | $90,117 | Verified |
| 2021 | $1,536,797 | — | — | — | $2,786,098 ! | $— | $71,528 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.8% | +15.8% | ~100% | Not available | Partial |
| 2025 | -6.6% | -6.6% | ~100% | Not available | Partial |
| 2024 | -15.3% | -15.3% | ~100% | 1.8800% | Verified |
| 2023 | +424.9% ! | +424.9% | ~100% | 1.7300% | Verified |
| 2022 | +38.9% | +38.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 4.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +476.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.8% | +110.3% | +82.3% | +399.7% | 2024 | -16.9% | 2025 |
| Assessment Ratio | 100.0% | 103.2% | — | 181.3% | 2021 | 25.5% | 2024 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$372,506 | $265,881 | ~$494,566 | $413,642 | 2023 | $71,528 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$35,521,086 | ~$20,849,948 | ~2.0139% | ~$419,905 | +87.4% |
| 2027 | ~$66,567,183 | ~$22,934,943 | ~1.9814% | ~$454,430 | +251.2% |
| 2028 | ~$124,748,153 | ~$25,228,437 | ~1.9488% | ~$491,662 | +558.1% |
| 2029 | ~$233,780,385 | ~$27,751,281 | ~1.9163% | ~$531,795 | +1133.4% |
| 2030 | ~$438,108,839 | ~$30,526,409 | ~1.8837% | ~$575,039 | +2211.4% |
| 2026 | ~$35,141,996 | ~$20,849,948 | ~2.0465% | ~$426,691 | +85.4% |
| 2027 | ~$65,153,921 | ~$22,934,943 | ~2.0465% | ~$469,360 | +243.7% |
| 2028 | ~$120,796,596 | ~$25,228,437 | ~2.0465% | ~$516,296 | +537.3% |
| 2029 | ~$223,959,160 | ~$27,751,281 | ~2.0465% | ~$567,926 | +1081.6% |
| 2030 | ~$415,224,496 | ~$30,526,409 | ~2.0465% | ~$624,718 | +2090.6% |
| 2026 | ~$35,900,176 | ~$20,849,948 | ~1.9977% | ~$416,512 | +89.4% |
| 2027 | ~$67,995,608 | ~$22,934,943 | ~1.9488% | ~$446,965 | +258.7% |
| 2028 | ~$128,784,961 | ~$25,228,437 | ~1.9000% | ~$479,345 | +579.4% |
| 2029 | ~$243,921,138 | ~$27,751,281 | ~1.8512% | ~$513,730 | +1186.9% |
| 2030 | ~$461,991,224 | ~$30,526,409 | ~1.8024% | ~$550,199 | +2337.4% |
In 2025, this property's market value of $18,954,498 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 13× 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 | $18,954,498 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $22,800,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,563,059 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,286,098 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $1,536,797 | $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.