151 S 1 ST TX 78704
| Owner | EJPI |
|---|---|
| Parcel ID | 0203000223 |
| Short ID | 871146 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,496 SF |
| Land SF | 9,259 SF |
| Acres | 0.213 |
| Year Built | 1981 |
| Legal | 0.2126AC OF LOT 5A T L SUBD NO 1 RESUB OF LOT 5 (IMPROVEMENT ONLY) |
| Neighborhood | 53SCN |
| Land | $1,772,867 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,772,867 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,944,070 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,944,070 |
| Value Limitation Adjustment (−) (homestead cap) | −$721,577 |
| Net Appraised (assessed) | $2,222,493 |
| Taxable Value | $2,222,493 |
|---|
Appreciation: Market value has risen +136.4% from $1,245,601 (2021) to $2,944,070 (2025), a CAGR of 24.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $45,483. Austin ISD is the largest single contributor, at 44.1% of the total 2025 levy.
Assessment Gap: Assessed value ($2,222,493) is $721,577 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 60% of market value ($1,772,867 land vs $0 improvements), about $191/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,944,070, 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 +24.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,627,990 by 2030, with an estimated annual tax burden around $67,426. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,322 SF | ✓ |
| 2ND | 2nd Floor | 2,174 SF | ✓ |
| 501 | CANOPY | 274 SF | ✗ |
| 611 | TERRACE | 70 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 871146 | OGLE CHERYL & THE CRYSTAL OGLE MANAGEMENT TRUST | 151 BARTON SPRINGS RD 78704 | $2,129,570 | $2,127,440 | $2,127,440 |
| 871152 | EJPI | 151 1 ST 78704 | $1,297,518 | $539,551 | $539,551 |
Market value changed by 81% in 2022, 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% | $20,562.51 | $20,562.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,646.24 | $11,646.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,353.13 | $8,353.13 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,623.05 | $2,623.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,298.05 | $2,298.05 | Paid |
| P2U | — | — | — | — | — | — | $1,177.40 | $1,177.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $46,660.38 | $46,660.38 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,427,088 | $2,944,070 | +16.4% |
| Assessed Value | $2,666,991 | $2,222,493 | +20.0% |
| Land Value | $2,129,570 | $1,772,867 | +20.1% |
| Improvement Value | — | — | — |
| Taxable Value | $2,666,991 | $2,222,493 | +20.0% |
| HS Cap Loss | -$760,097 | — | |
| Total Tax 2026 = estimate |
~$54,580
Estimated
|
~$46,660
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,427,088 | $3,427,088 | +0 (+0.0%) |
| Taxable Value | $2,666,991 | $2,666,991 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,427,088 | $2,129,570 | — | −$760,097 | $2,666,991 | $2,666,991 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,944,070 | $1,772,867 | — | −$721,577 | $2,222,493 | $2,222,493 | ~$46,660 | Partial |
| 2024 | $312,240 | — | — | — | $1,772,867 ! | $— | $43,738 | Verified |
| 2023 | $217,589 | — | — | — | $1,772,867 ! | $— | $38,902 | Verified |
| 2022 | $94,643 | — | — | — | $1,156,218 ! | $— | $27,788 | Verified |
| 2021 | $1,245,601 | — | — | −$89,383 | $1,156,218 | $— | $27,227 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.8% | +20.0% | 41.6% | Not available | Partial |
| 2025 | -24.6% | +20.0% | 38.4% | Not available | Partial |
| 2024 | +342.5% ! | +6.7% | 24.1% | 1.3100% | Verified |
| 2023 | +61.4% | +61.4% | ~100% | 1.8300% | Verified |
| 2022 | -81.2% ! | -81.2% | ~100% | 2.0200% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.4% | +188.1% | +20.5% | +842.9% | 2025 | -92.4% | 2022 |
| Assessment Ratio | 77.8% | 475.1% | — | 1221.7% | 2022 | 75.5% | 2025 |
| Effective Tax Rate (2025) | 0.8900% | 0.8900% | — | 0.8900% | 2025 | 0.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$46,660 | $36,863 | ~$57,990 | $46,660 | 2025 | $27,227 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,650,400 | ~$2,444,742 | ~2.0139% | ~$49,236 | +24.0% |
| 2027 | ~$4,526,189 | ~$2,689,217 | ~1.9814% | ~$53,284 | +53.7% |
| 2028 | ~$5,612,095 | ~$2,958,138 | ~1.9488% | ~$57,649 | +90.6% |
| 2029 | ~$6,958,527 | ~$3,253,952 | ~1.9163% | ~$62,355 | +136.4% |
| 2030 | ~$8,627,990 | ~$3,579,347 | ~1.8837% | ~$67,426 | +193.1% |
| 2026 | ~$3,591,518 | ~$2,444,742 | ~2.0465% | ~$50,031 | +22.0% |
| 2027 | ~$4,381,351 | ~$2,689,217 | ~2.0465% | ~$55,034 | +48.8% |
| 2028 | ~$5,344,881 | ~$2,958,138 | ~2.0465% | ~$60,538 | +81.5% |
| 2029 | ~$6,520,306 | ~$3,253,952 | ~2.0465% | ~$66,592 | +121.5% |
| 2030 | ~$7,954,226 | ~$3,579,347 | ~2.0465% | ~$73,251 | +170.2% |
| 2026 | ~$3,709,281 | ~$2,444,742 | ~1.9977% | ~$48,838 | +26.0% |
| 2027 | ~$4,673,383 | ~$2,689,217 | ~1.9488% | ~$52,409 | +58.7% |
| 2028 | ~$5,888,070 | ~$2,958,138 | ~1.9000% | ~$56,205 | +100.0% |
| 2029 | ~$7,418,475 | ~$3,253,952 | ~1.8512% | ~$60,237 | +152.0% |
| 2030 | ~$9,346,656 | ~$3,579,347 | ~1.8024% | ~$64,513 | +217.5% |
In 2025, this property's market value of $2,944,070 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +108% 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 | $2,944,070 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $312,240 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $217,589 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $94,643 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $1,245,601 | $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.