609 DAVIS ST TX 78701
| Owner | DR CORNER HOLDINGS LLC |
|---|---|
| Parcel ID | 0203030609 |
| Short ID | 190776 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 10,255 SF |
| Land SF | 5,280 SF |
| Acres | 0.121 |
| Year Built | 1926 |
| Legal | N 44FT OF LOT 1 BLK 5 OLT 72-73 DIV E DRISKILL & RAINEY SUBD |
| Neighborhood | 31CBD |
| Land | $1,848,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,848,000 |
| Improvement | $1,152,000 |
|---|---|
| Total Improvement | $1,152,000 |
| Market | $3,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,000,000 |
| Taxable Value | $3,000,000 |
|---|
Appreciation: Market value has risen +223.3% from $927,981 (2021) to $3,000,000 (2025), a CAGR of 34.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $61,395. 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 62% of market value ($1,848,000 land vs $1,152,000 improvements), about $350/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,000,000, 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 +34.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,004,659 by 2030, with an estimated annual tax burden around $91,014. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 10,255 SF | ✓ |
| 511 | DECK | 1,935 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 1,329 SF | ✗ |
| 031C | GARAGE DET 1ST COMM | 240 SF | ✓ |
| 611 | TERRACE | 200 SF | ✗ |
| 541 | FENCE COMM LF | 24 SF | ✗ |
| 251 | BATHROOM | 1 SF | ✓ |
Market value changed by 213% 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% | $27,756.00 | $27,756.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,720.51 | $15,720.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,275.35 | $11,275.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,540.69 | $3,540.69 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,102.00 | $3,102.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $61,394.55 | $61,394.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,190,360 | $3,000,000 | +6.3% |
| Assessed Value | $3,190,360 | $3,000,000 | +6.3% |
| Land Value | $2,640,000 | $1,848,000 | +42.9% |
| Improvement Value | $550,360 | $1,152,000 | -52.2% |
| Taxable Value | $3,190,360 | $3,000,000 | +6.3% |
| Total Tax 2026 = estimate |
~$65,290
Estimated
|
~$61,395
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,358,274 | $3,190,360 | -167,914 (-5.0%) |
| Taxable Value | $3,358,274 | $3,190,360 | -167,914 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,190,360 | $2,640,000 | $550,360 | — | $3,190,360 | $3,190,360 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,000,000 | $1,848,000 | $1,152,000 | — | $3,000,000 | $3,000,000 | ~$61,395 | Partial |
| 2024 | $3,000,000 | — | — | −$1,152,000 | $1,848,000 | $— | $59,454 | Verified |
| 2023 | $2,555,280 | — | — | −$707,280 | $1,848,000 | $— | $54,277 | Verified |
| 2022 | $815,691 | — | — | — | $1,848,000 ! | $— | $50,465 | Verified |
| 2021 | $927,981 | — | — | −$262,701 | $665,280 | $— | $17,755 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.9% | +11.9% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +17.4% | +17.4% | ~100% | 1.8100% | Verified |
| 2022 | +213.3% ! | +213.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +267.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.3% | +45.0% | +32.5% | +213.3% | 2023 | -12.1% | 2022 |
| Assessment Ratio | 100.0% | 105.4% | — | 226.6% | 2022 | 61.6% | 2024 |
| 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 |
$61,395 | $48,669 | ~$78,277 | $61,395 | 2025 | $17,755 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,022,692 | ~$3,300,000 | ~2.0139% | ~$66,460 | +34.1% |
| 2027 | ~$5,394,017 | ~$3,630,000 | ~1.9814% | ~$71,924 | +79.8% |
| 2028 | ~$7,232,824 | ~$3,993,000 | ~1.9488% | ~$77,817 | +141.1% |
| 2029 | ~$9,698,474 | ~$4,392,300 | ~1.9163% | ~$84,169 | +223.3% |
| 2030 | ~$13,004,659 | ~$4,831,530 | ~1.8837% | ~$91,014 | +333.5% |
| 2026 | ~$3,962,692 | ~$3,300,000 | ~2.0465% | ~$67,534 | +32.1% |
| 2027 | ~$5,234,310 | ~$3,630,000 | ~2.0465% | ~$74,287 | +74.5% |
| 2028 | ~$6,913,986 | ~$3,993,000 | ~2.0465% | ~$81,716 | +130.5% |
| 2029 | ~$9,132,666 | ~$4,392,300 | ~2.0465% | ~$89,888 | +204.4% |
| 2030 | ~$12,063,315 | ~$4,831,530 | ~2.0465% | ~$98,877 | +302.1% |
| 2026 | ~$4,082,692 | ~$3,300,000 | ~1.9977% | ~$65,923 | +36.1% |
| 2027 | ~$5,556,125 | ~$3,630,000 | ~1.9488% | ~$70,743 | +85.2% |
| 2028 | ~$7,561,316 | ~$3,993,000 | ~1.9000% | ~$75,868 | +152.0% |
| 2029 | ~$10,290,175 | ~$4,392,300 | ~1.8512% | ~$81,310 | +243.0% |
| 2030 | ~$14,003,872 | ~$4,831,530 | ~1.8024% | ~$87,082 | +366.8% |
In 2025, this property's market value of $3,000,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +112% 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 | $3,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,555,280 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $815,691 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $927,981 | $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.