74 N INTERSTATE HY 35 TX 78701
| Owner | 68 EAST AVENUE AUSTIN LLC |
|---|---|
| Parcel ID | 0203031034 |
| Short ID | 190912 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 170,156 SF |
| Land SF | 21,601 SF |
| Acres | 0.496 |
| Year Built | 2022 |
| Legal | LOT 5 BLK 1 OLT 72-73 DIV E DRISKILL & RAINEY SUBD |
| Neighborhood | 1CBDR |
| Land | $10,800,470 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,800,470 |
| Improvement | $24,069,530 |
|---|---|
| Total Improvement | $24,069,530 |
| Market | $34,870,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $34,870,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $34,870,000 |
| Taxable Value | $34,870,000 |
|---|
Appreciation: Market value has risen +4006.5% from $849,139 (2021) to $34,870,000 (2025), a CAGR of 153.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant 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 $713,609. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 31% of market value ($10,800,470 land vs $24,069,530 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $34,870,000, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +153.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,624,878,018 by 2030, with an estimated annual tax burden around $1,057,881. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 170,156 SF | ✓ |
| 187 | PARKING GARAGE | 52,500 SF | ✓ |
Market value changed by 122% 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% | $322,617.24 | $322,617.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $182,724.73 | $182,724.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $131,057.15 | $131,057.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $41,154.62 | $41,154.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $36,055.58 | $36,055.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $713,609.32 | $713,609.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $38,297,786 | $34,870,000 | +9.8% |
| Assessed Value | $38,297,786 | $34,870,000 | +9.8% |
| Land Value | $16,200,705 | $10,800,470 | +50.0% |
| Improvement Value | $22,097,081 | $24,069,530 | -8.2% |
| Taxable Value | $38,297,786 | $34,870,000 | +9.8% |
| Total Tax 2026 = estimate |
~$783,758
Estimated
|
~$713,609
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $42,652,129 | $38,297,786 | -4,354,343 (-10.2%) |
| Taxable Value | $42,652,129 | $38,297,786 | -4,354,343 (-10.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $38,297,786 | $16,200,705 | $22,097,081 | — | $38,297,786 | $38,297,786 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $34,870,000 | $10,800,470 | $24,069,530 | — | $34,870,000 | $34,870,000 | ~$713,609 | Partial |
| 2024 | $39,554,795 | — | — | −$35,954,998 | $3,599,797 | $— | $1,171,252 | Verified |
| 2023 | $— | — | — | — | $3,600,000 | $— | $718,055 | Verified |
| 2022 | $— | — | — | — | $1,886,976 | $— | $37,266 | Verified |
| 2021 | $849,139 | — | — | — | $849,139 | $— | $18,483 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.3% | +22.3% | ~100% | Not available | Partial |
| 2025 | -51.2% | -51.2% | ~100% | Not available | Partial |
| 2024 | +63.5% | +63.5% | ~100% | 1.6400% | Verified |
| 2023 | +2217.6% ! | +2217.6% | ~100% | 1.6400% | Verified |
| 2022 | +122.2% ! | +122.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4006.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.8% | +1518.7% | +148.6% | +4558.2% | 2024 | -11.8% | 2025 |
| Assessment Ratio | 100.0% | 77.3% | — | 100.0% | 2021 | 9.1% | 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 |
$713,609 | $634,448 | ~$909,838 | $1,171,252 | 2024 | $18,483 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$88,271,445 | ~$38,357,000 | ~2.0139% | ~$772,486 | +153.1% |
| 2027 | ~$223,454,203 | ~$42,192,700 | ~1.9814% | ~$836,001 | +540.8% |
| 2028 | ~$565,661,755 | ~$46,411,970 | ~1.9488% | ~$904,495 | +1522.2% |
| 2029 | ~$1,431,940,943 | ~$51,053,167 | ~1.9163% | ~$978,327 | +4006.5% |
| 2030 | ~$3,624,878,018 | ~$56,158,484 | ~1.8837% | ~$1,057,881 | +10295.4% |
| 2026 | ~$87,574,045 | ~$38,357,000 | ~2.0465% | ~$784,970 | +151.1% |
| 2027 | ~$219,937,293 | ~$42,192,700 | ~2.0465% | ~$863,467 | +530.7% |
| 2028 | ~$552,360,150 | ~$46,411,970 | ~2.0465% | ~$949,814 | +1484.1% |
| 2029 | ~$1,387,221,473 | ~$51,053,167 | ~2.0465% | ~$1,044,795 | +3878.3% |
| 2030 | ~$3,483,928,765 | ~$56,158,484 | ~2.0465% | ~$1,149,275 | +9891.2% |
| 2026 | ~$88,968,845 | ~$38,357,000 | ~1.9977% | ~$766,243 | +155.1% |
| 2027 | ~$226,999,008 | ~$42,192,700 | ~1.9488% | ~$822,268 | +551.0% |
| 2028 | ~$579,175,212 | ~$46,411,970 | ~1.9000% | ~$881,835 | +1561.0% |
| 2029 | ~$1,477,733,003 | ~$51,053,167 | ~1.8512% | ~$945,093 | +4137.8% |
| 2030 | ~$3,770,352,707 | ~$56,158,484 | ~1.8024% | ~$1,012,184 | +10712.6% |
In 2025, this property's market value of $34,870,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 410× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $34,870,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $39,554,795 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $849,139 | $6,000 | $14,480 | $80,000 | ↑ 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.