2406 LAKE AUSTIN BLVD TX 78703
| Owner | WILDAN ENTERPRISES LLC |
|---|---|
| Parcel ID | 0110061207 |
| Short ID | 109550 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,976 SF |
| Land SF | 7,290 SF |
| Acres | 0.167 |
| Year Built | 2022 |
| Legal | LOT 6 BLK 6 JOHNSON CHARLES ADDN |
| Neighborhood | 59CEN |
| Land | $801,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $801,900 |
| Improvement | $262,588 |
|---|---|
| Total Improvement | $262,588 |
| Market | $1,064,488 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,064,488 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,064,488 |
| Taxable Value | $1,064,488 |
|---|
Appreciation: Market value has risen +2.1% from $1,043,100 (2021) to $1,064,488 (2025), a CAGR of 0.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $21,785. 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 75% of market value ($801,900 land vs $262,588 improvements), about $110/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 $1,064,488, this parcel sits in the lower-middle (25th–50th 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 +0.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,091,841 by 2030, with an estimated annual tax burden around $20,567. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,976 SF | ✗ |
| 2ND | 2nd Floor | 1,536 SF | ✓ |
| 1ST | 1st Floor | 1,440 SF | ✓ |
| 501 | CANOPY | 492 SF | ✗ |
| 505 | BALCONY | 396 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
Market value changed by 123% in 2026, 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% | $9,848.64 | $9,848.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,578.10 | $5,578.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,000.82 | $4,000.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,256.34 | $1,256.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,100.68 | $1,100.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,784.58 | $21,784.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,985,078 | $1,064,488 | +86.5% |
| Assessed Value | $1,277,386 | $1,064,488 | +20.0% |
| Land Value | $801,900 | $801,900 | +0.0% |
| Improvement Value | $1,183,178 | $262,588 | +350.6% |
| Taxable Value | $1,277,386 | $1,064,488 | +20.0% |
| HS Cap Loss | -$707,692 | — | |
| Total Tax 2026 = estimate |
~$26,142
Estimated
|
~$21,785
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,371,130 | $1,985,078 | -386,052 (-16.3%) |
| Taxable Value | $1,277,386 | $1,277,386 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,985,078 | $801,900 | $1,183,178 | −$707,692 | $1,277,386 | $1,277,386 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,064,488 | $801,900 | $262,588 | — | $1,064,488 | $1,064,488 | ~$21,785 | Partial |
| 2024 | $885,309 | — | — | −$83,409 | $801,900 | $— | $21,200 | Verified |
| 2023 | $1,081,860 | — | — | −$279,960 | $801,900 | $— | $16,017 | Verified |
| 2022 | $1,089,148 | — | — | −$287,248 | $801,900 | $— | $21,366 | Verified |
| 2021 | $1,043,100 | — | — | −$241,200 | $801,900 | $— | $23,707 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +122.7% ! | +20.0% | 53.9% | Not available | Partial |
| 2025 | -0.5% | -0.5% | ~100% | Not available | Partial |
| 2024 | +20.8% | +20.8% | ~100% | 1.9800% | Verified |
| 2023 | -18.2% | -18.2% | ~100% | 1.8100% | Verified |
| 2022 | -0.7% | -0.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +86.5% | +18.4% | -8.8% | +86.5% | 2026 | -18.2% | 2024 |
| Assessment Ratio | 64.3% | 79.9% | — | 100.0% | 2025 | 64.3% | 2026 |
| 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 |
$21,785 | $20,815 | ~$21,060 | $23,707 | 2021 | $16,017 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,069,903 | ~$1,069,903 | ~2.0139% | ~$21,547 | +0.5% |
| 2027 | ~$1,075,346 | ~$1,075,346 | ~1.9814% | ~$21,307 | +1.0% |
| 2028 | ~$1,080,816 | ~$1,080,816 | ~1.9488% | ~$21,063 | +1.5% |
| 2029 | ~$1,086,315 | ~$1,086,315 | ~1.9163% | ~$20,817 | +2.1% |
| 2030 | ~$1,091,841 | ~$1,091,841 | ~1.8837% | ~$20,567 | +2.6% |
| 2026 | ~$1,048,613 | ~$1,048,613 | ~2.0465% | ~$21,460 | -1.5% |
| 2027 | ~$1,032,976 | ~$1,032,976 | ~2.0465% | ~$21,140 | -3.0% |
| 2028 | ~$1,017,571 | ~$1,017,571 | ~2.0465% | ~$20,824 | -4.4% |
| 2029 | ~$1,002,396 | ~$1,002,396 | ~2.0465% | ~$20,514 | -5.8% |
| 2030 | ~$987,447 | ~$987,447 | ~2.0465% | ~$20,208 | -7.2% |
| 2026 | ~$1,091,193 | ~$1,091,193 | ~1.9977% | ~$21,798 | +2.5% |
| 2027 | ~$1,118,568 | ~$1,118,568 | ~1.9488% | ~$21,799 | +5.1% |
| 2028 | ~$1,146,629 | ~$1,146,629 | ~1.9000% | ~$21,786 | +7.7% |
| 2029 | ~$1,175,395 | ~$1,175,395 | ~1.8512% | ~$21,759 | +10.4% |
| 2030 | ~$1,204,882 | ~$1,204,882 | ~1.8024% | ~$21,716 | +13.2% |
In 2025, this property's market value of $1,064,488 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -25% below 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 | $1,064,488 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $885,309 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,081,860 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,089,148 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,043,100 | $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.