507 S 1 ST TX 78704
| Owner | AUSTIN BOULDIN CREEK LLC |
|---|---|
| Parcel ID | 0202000123 |
| Short ID | 188631 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 60,698 SF |
| Land SF | 128,198 SF |
| Acres | 2.943 |
| Year Built | 1998 |
| Legal | LOT 3A BLK A TEXAS CENTER AMENDED PLAT OF LOTS 2 & 3 (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37SC2 |
| Land | $23,973,026 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $23,973,026 |
| Improvement | $26,974 |
|---|---|
| Total Improvement | $26,974 |
| Market | $24,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $24,000,000 |
| Taxable Value | $24,000,000 |
|---|
Appreciation: Market value has risen +62.7% from $14,752,770 (2021) to $24,000,000 (2025), a CAGR of 12.9% 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 $491,156. 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 100% of market value ($23,973,026 land vs $26,974 improvements), about $187/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 $24,000,000, 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 +12.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $44,094,389 by 2030, with an estimated annual tax burden around $728,109. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 61,390 SF | ✗ |
| 551 | PAVED AREA | 55,100 SF | ✗ |
| 2ND | 2nd Floor | 20,510 SF | ✓ |
| 3RD | 3rd Floor | 20,370 SF | ✓ |
| 1ST | 1st Floor | 19,818 SF | ✓ |
| LOBBY | Lobby | 692 SF | ✓ |
| 501 | CANOPY | 576 SF | ✗ |
| 482 | LIGHT POLES | 7 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 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% | $222,048.00 | $222,048.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $125,764.08 | $125,764.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $90,202.80 | $90,202.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $28,325.52 | $28,325.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $24,816.00 | $24,816.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $491,156.40 | $491,156.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,595,377 | $24,000,000 | -10.0% |
| Assessed Value | $21,595,377 | $24,000,000 | -10.0% |
| Land Value | $23,973,026 | $23,973,026 | +0.0% |
| Improvement Value | — | $26,974 | — |
| Taxable Value | $21,595,377 | $24,000,000 | -10.0% |
| Total Tax 2026 = estimate |
~$441,946
Estimated
|
~$491,156
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $24,031,139 | $21,595,377 | -2,435,762 (-10.1%) |
| Taxable Value | $24,031,139 | $21,595,377 | -2,435,762 (-10.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,595,377 | $23,973,026 | — | — | $21,595,377 | $21,595,377 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $24,000,000 | $23,973,026 | $26,974 | — | $24,000,000 | $24,000,000 | ~$491,156 | Partial |
| 2024 | $24,621,948 | — | — | −$648,922 | $23,973,026 | $— | $475,635 | Verified |
| 2023 | $14,752,000 | — | — | — | $23,973,026 ! | $— | $445,472 | Verified |
| 2022 | $14,752,000 | — | — | −$392,189 | $14,359,811 | $— | $291,341 | Verified |
| 2021 | $14,752,770 | — | — | −$392,959 | $14,359,811 | $— | $321,104 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | -2.3% | -2.3% | ~100% | Not available | Partial |
| 2024 | -0.3% | -0.3% | ~100% | 1.9400% | Verified |
| 2023 | +66.9% | +66.9% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +62.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.0% | +10.9% | +15.5% | +66.9% | 2024 | -10.0% | 2026 |
| Assessment Ratio | 100.0% | 109.1% | — | 162.5% | 2023 | 97.3% | 2021 |
| 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 |
$491,156 | $404,942 | ~$626,215 | $491,156 | 2025 | $291,341 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$27,104,766 | ~$26,400,000 | ~2.0139% | ~$531,679 | +12.9% |
| 2027 | ~$30,611,180 | ~$29,040,000 | ~1.9814% | ~$575,395 | +27.5% |
| 2028 | ~$34,571,203 | ~$31,944,000 | ~1.9488% | ~$622,537 | +44.0% |
| 2029 | ~$39,043,515 | ~$35,138,400 | ~1.9163% | ~$673,354 | +62.7% |
| 2030 | ~$44,094,389 | ~$38,652,240 | ~1.8837% | ~$728,109 | +83.7% |
| 2026 | ~$26,624,766 | ~$26,400,000 | ~2.0465% | ~$540,272 | +10.9% |
| 2027 | ~$29,536,590 | ~$29,040,000 | ~2.0465% | ~$594,299 | +23.1% |
| 2028 | ~$32,766,866 | ~$31,944,000 | ~2.0465% | ~$653,729 | +36.5% |
| 2029 | ~$36,350,422 | ~$35,138,400 | ~2.0465% | ~$719,102 | +51.5% |
| 2030 | ~$40,325,895 | ~$38,652,240 | ~2.0465% | ~$791,012 | +68.0% |
| 2026 | ~$27,584,766 | ~$26,400,000 | ~1.9977% | ~$527,383 | +14.9% |
| 2027 | ~$31,704,971 | ~$29,040,000 | ~1.9488% | ~$565,943 | +32.1% |
| 2028 | ~$36,440,592 | ~$31,944,000 | ~1.9000% | ~$606,941 | +51.8% |
| 2029 | ~$41,883,549 | ~$35,138,400 | ~1.8512% | ~$650,480 | +74.5% |
| 2030 | ~$48,139,496 | ~$38,652,240 | ~1.8024% | ~$696,657 | +100.6% |
In 2025, this property's market value of $24,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 17× 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 | $24,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $24,621,948 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $14,752,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $14,752,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $14,752,770 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.