618 TILLERY ST TX 78702
| Owner | CAPITAL METROPOLITAN |
|---|---|
| Parcel ID | 0202120314 |
| Short ID | 189839 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 190,546 SF |
| Land SF | 254,652 SF |
| Acres | 5.846 |
| Year Built | 1973 |
| Legal | 5.846 ACR OLT 14&19 DIVISION A |
| Neighborhood | 51EAS |
| Land | $14,005,847 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,005,847 |
| Improvement | $80,904,121 |
|---|---|
| Total Improvement | $80,904,121 |
| Market | $94,909,968 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $94,909,968 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $94,909,968 |
| Taxable Value | $94,909,968 |
|---|
Appreciation: Market value has risen +135.8% from $40,254,081 (2021) to $94,909,968 (2025), a CAGR of 23.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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.
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 15% of market value ($14,005,847 land vs $80,904,121 improvements), about $55/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $94,909,968, 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 +23.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $277,293,197 by 2030, with an estimated annual tax burden around $0. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 107,500 SF | ✗ |
| 491 | SPRINKLER HEADS | 75,986 SF | ✗ |
| 1ST | 1st Floor | 75,000 SF | ✓ |
| 3RD | 3rd Floor | 59,587 SF | ✓ |
| 2ND | 2nd Floor | 55,959 SF | ✓ |
| 407 | LOADING DOCK | 10,000 SF | ✓ |
| 501 | CANOPY | 6,060 SF | ✗ |
| 541 | FENCE COMM LF | 2,300 SF | ✗ |
| 408 | LOADING RAMP | 1,770 SF | ✓ |
| 328 | MEZZ COMM (STG) | 372 SF | ✓ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 189839 | 618 TILLERY ST AUSTIN OWNER LLC | 618 TILLERY ST 78702 | $79,742,329 | $79,742,329 | $0 |
| 1015408 | CAPITAL METROPOLITAN | — | $1,499,821 | $1,275,264 | $1,275,264 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $81,242,150 | $94,909,968 | -14.4% |
| Assessed Value | $81,017,593 | $94,909,968 | -14.6% |
| Land Value | $14,005,847 | $14,005,847 | +0.0% |
| Improvement Value | $65,736,482 | $80,904,121 | -18.7% |
| Taxable Value | $1,275,264 | — | — |
| Exemptions | — | E | |
| HS Cap Loss | -$224,557 | — | |
| Total Tax | Not available | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $81,242,150 | $81,242,150 | +0 (+0.0%) |
| Taxable Value | $1,499,821 | $1,275,264 | -224,557 (-15.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $81,242,150 | $14,005,847 | $65,736,482 | −$224,557 | $81,017,593 | $1,275,264 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $94,909,968 | $14,005,847 | $80,904,121 | — | $94,909,968 | $— | not in county billing file ⓘ | Partial |
| 2024 | $68,234,610 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $108,920,283 | — | — | −$94,914,436 | $14,005,847 | $— | $793,215 | Verified |
| 2022 | $102,077,435 | — | — | −$88,071,588 | $14,005,847 | $— | $1,646,007 | Verified |
| 2021 | $40,254,081 | — | — | −$26,248,234 | $14,005,847 | $— | $1,847,356 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.0% | -16.0% | ~100% | Not available | Partial |
| 2025 | +7.0% | +7.0% | ~100% | Not available | Partial |
| 2024 | +30.0% | +30.0% | ~100% | No billing data | Verified |
| 2023 | -37.4% | -37.4% | ~100% | 1.1600% | Verified |
| 2022 | +6.7% | +6.7% | ~100% | 1.5100% | Verified |
| 2021 | base year | — | ~100% | 4.5900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.4% | +29.5% | +28.1% | +153.6% | 2022 | -37.4% | 2024 |
| Assessment Ratio | 99.7% | 52.2% | — | 100.0% | 2025 | 12.9% | 2023 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $793,215 | $1,428,859 | — | $1,847,356 | 2021 | $793,215 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$117,608,119 | ~$104,400,965 | ~0.0000% | ~$0 | +23.9% |
| 2027 | ~$145,734,637 | ~$114,841,061 | ~0.0000% | ~$0 | +53.6% |
| 2028 | ~$180,587,739 | ~$126,325,167 | ~0.0000% | ~$0 | +90.3% |
| 2029 | ~$223,776,119 | ~$138,957,684 | ~0.0000% | ~$0 | +135.8% |
| 2030 | ~$277,293,197 | ~$152,853,453 | ~0.0000% | ~$0 | +192.2% |
| 2026 | ~$115,709,920 | ~$104,400,965 | ~0.0000% | ~$0 | +21.9% |
| 2027 | ~$141,068,276 | ~$114,841,061 | ~0.0000% | ~$0 | +48.6% |
| 2028 | ~$171,984,031 | ~$126,325,167 | ~0.0000% | ~$0 | +81.2% |
| 2029 | ~$209,675,115 | ~$138,957,684 | ~0.0000% | ~$0 | +120.9% |
| 2030 | ~$255,626,371 | ~$152,853,453 | ~0.0000% | ~$0 | +169.3% |
| 2026 | ~$119,506,319 | ~$104,400,965 | ~0.0000% | ~$0 | +25.9% |
| 2027 | ~$150,476,925 | ~$114,841,061 | ~0.0000% | ~$0 | +58.5% |
| 2028 | ~$189,473,706 | ~$126,325,167 | ~0.0000% | ~$0 | +99.6% |
| 2029 | ~$238,576,680 | ~$138,957,684 | ~0.0000% | ~$0 | +151.4% |
| 2030 | ~$300,404,913 | ~$152,853,453 | ~0.0000% | ~$0 | +216.5% |
In 2025, this property's market value of $94,909,968 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 67× 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 | $94,909,968 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $68,234,610 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $108,920,283 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $102,077,435 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $40,254,081 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |