56 EAST AVE TX 78701
| Owner | WC 56 EAST AVENUE LLC |
|---|---|
| Parcel ID | 0203030916 |
| Short ID | 190874 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 17,765 SF |
| Land SF | 48,778 SF |
| Acres | 1.120 |
| Year Built | 1995 |
| Legal | 1.1198 AC BLK 2 OLT 72-73 DIVISION E |
| Neighborhood | 1CBDR |
| Land | $31,706,019 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $31,706,019 |
| Improvement | $403,762 |
|---|---|
| Total Improvement | $403,762 |
| Market | $32,109,781 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $32,109,781 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $32,109,781 |
| Taxable Value | $32,109,781 |
|---|
Appreciation: Market value has risen +99.2% from $16,119,391 (2021) to $32,109,781 (2025), a CAGR of 18.8% 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 $657,122. 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 99% of market value ($31,706,019 land vs $403,762 improvements), about $650/SF of land. With value concentrated in the land under a ~31-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $32,109,781, 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 +18.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $75,988,564 by 2030, with an estimated annual tax burden around $974,142. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 17,765 SF | ✓ |
| 501 | CANOPY | 252 SF | ✗ |
| 611 | TERRACE | 252 SF | ✗ |
Market value changed by 101% 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% | $297,079.69 | $297,079.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $168,260.71 | $168,260.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $120,683.01 | $120,683.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $37,896.93 | $37,896.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $33,201.51 | $33,201.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $657,121.85 | $657,121.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $32,109,781 | $32,109,781 | +0.0% |
| Assessed Value | $32,109,781 | $32,109,781 | +0.0% |
| Land Value | $36,518,528 | $31,706,019 | +15.2% |
| Improvement Value | — | $403,762 | — |
| Taxable Value | $32,109,781 | $32,109,781 | +0.0% |
| Total Tax 2026 = estimate |
~$657,122
Estimated
|
~$657,122
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $37,370,962 | $32,109,781 | -5,261,181 (-14.1%) |
| Taxable Value | $37,370,962 | $32,109,781 | -5,261,181 (-14.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $32,109,781 | $36,518,528 | — | — | $32,109,781 | $32,109,781 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $32,109,781 | $31,706,019 | $403,762 | — | $32,109,781 | $32,109,781 | ~$657,122 | Partial |
| 2024 | $32,520,518 | — | — | −$814,499 | $31,706,019 | $— | $636,024 | Verified |
| 2023 | $32,324,450 | — | — | −$618,431 | $31,706,019 | $— | $588,376 | Verified |
| 2022 | $16,065,556 | — | — | — | $31,706,019 ! | $— | $638,383 | Verified |
| 2021 | $16,119,391 | — | — | −$266,381 | $15,853,010 | $— | $349,696 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.4% | +16.4% | ~100% | Not available | Partial |
| 2025 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.9600% | Verified |
| 2023 | +0.6% | +0.6% | ~100% | 1.8100% | Verified |
| 2022 | +101.2% ! | +101.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +99.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +20.0% | +18.8% | +101.2% | 2023 | -1.3% | 2025 |
| Assessment Ratio | 100.0% | 115.2% | — | 197.4% | 2022 | 97.5% | 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 |
$657,122 | $573,920 | ~$837,817 | $657,122 | 2025 | $349,696 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$38,146,924 | ~$35,320,759 | ~2.0139% | ~$711,338 | +18.8% |
| 2027 | ~$45,319,144 | ~$38,852,835 | ~1.9814% | ~$769,825 | +41.1% |
| 2028 | ~$53,839,855 | ~$42,738,119 | ~1.9488% | ~$832,897 | +67.7% |
| 2029 | ~$63,962,592 | ~$47,011,930 | ~1.9163% | ~$900,885 | +99.2% |
| 2030 | ~$75,988,564 | ~$51,713,123 | ~1.8837% | ~$974,142 | +136.7% |
| 2026 | ~$37,504,728 | ~$35,320,759 | ~2.0465% | ~$722,834 | +16.8% |
| 2027 | ~$43,806,111 | ~$38,852,835 | ~2.0465% | ~$795,117 | +36.4% |
| 2028 | ~$51,166,225 | ~$42,738,119 | ~2.0465% | ~$874,629 | +59.3% |
| 2029 | ~$59,762,954 | ~$47,011,930 | ~2.0465% | ~$962,092 | +86.1% |
| 2030 | ~$69,804,069 | ~$51,713,123 | ~2.0465% | ~$1,058,301 | +117.4% |
| 2026 | ~$38,789,119 | ~$35,320,759 | ~1.9977% | ~$705,589 | +20.8% |
| 2027 | ~$46,857,865 | ~$38,852,835 | ~1.9488% | ~$757,179 | +45.9% |
| 2028 | ~$56,605,036 | ~$42,738,119 | ~1.9000% | ~$812,031 | +76.3% |
| 2029 | ~$68,379,773 | ~$47,011,930 | ~1.8512% | ~$870,282 | +113.0% |
| 2030 | ~$82,603,838 | ~$51,713,123 | ~1.8024% | ~$932,062 | +157.3% |
In 2025, this property's market value of $32,109,781 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 23× 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 | $32,109,781 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $32,520,518 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $32,324,450 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $16,065,556 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $16,119,391 | $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.