61 N INTERSTATE HY 35 TX 78702
| Owner | 61 N IH-35 LLC |
|---|---|
| Parcel ID | 0203040210 |
| Short ID | 190922 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,368 SF |
| Land SF | 6,845 SF |
| Acres | 0.157 |
| Year Built | 1955 |
| Legal | LOT 18 BLK 2 *LESS S 5 FT OLT 43 DIV O SPENCE ADDN |
| Neighborhood | 59EAS |
| Land | $1,369,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,369,000 |
| Improvement | $68,954 |
|---|---|
| Total Improvement | $68,954 |
| Market | $1,437,954 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,437,954 |
| Value Limitation Adjustment (−) (homestead cap) | −$366,750 |
| Net Appraised (assessed) | $1,071,204 |
| Taxable Value | $1,071,204 |
|---|
Appreciation: Market value has risen +121.8% from $648,378 (2021) to $1,437,954 (2025), a CAGR of 22.0% 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 $21,922. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,071,204) is $366,750 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 95% of market value ($1,369,000 land vs $68,954 improvements), about $200/SF of land. With value concentrated in the land under a ~71-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 $1,437,954, 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 +22.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,891,714 by 2030, with an estimated annual tax burden around $32,498. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 1,920 SF | ✗ |
| 1ST | 1st Floor | 1,368 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,368 SF | ✗ |
| 435 | FENCE IRON LF | 200 SF | ✗ |
Market value changed by 108% in 2024, 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% | $9,910.78 | $9,910.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,613.29 | $5,613.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,026.07 | $4,026.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,264.27 | $1,264.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,107.62 | $1,107.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,922.03 | $21,922.03 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,437,954 | $1,437,954 | +0.0% |
| Assessed Value | $1,285,445 | $1,071,204 | +20.0% |
| Land Value | $1,369,000 | $1,369,000 | +0.0% |
| Improvement Value | $68,954 | $68,954 | +0.0% |
| Taxable Value | $1,285,445 | $1,071,204 | +20.0% |
| HS Cap Loss | -$152,509 | — | |
| Total Tax 2026 = estimate |
~$26,306
Estimated
|
~$21,922
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,702,874 | $1,437,954 | -264,920 (-15.6%) |
| Taxable Value | $1,285,445 | $1,285,445 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,437,954 | $1,369,000 | $68,954 | −$152,509 | $1,285,445 | $1,285,445 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,437,954 | $1,369,000 | $68,954 | −$366,750 | $1,071,204 | $1,071,204 | ~$21,922 | Partial |
| 2024 | $743,892 | — | — | — | $1,369,000 ! | $— | $17,691 | Verified |
| 2023 | $723,181 | — | — | −$175,581 | $547,600 | $— | $13,459 | Verified |
| 2022 | $700,000 | — | — | −$152,400 | $547,600 | $— | $14,282 | Verified |
| 2021 | $648,378 | — | — | −$100,778 | $547,600 | $— | $15,237 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.4% | +20.0% | 75.5% | Not available | Partial |
| 2025 | -8.0% | +20.0% | 74.5% | Not available | Partial |
| 2024 | +107.9% ! | +18.7% | 57.1% | 1.1300% | Verified |
| 2023 | -2.3% | -2.3% | ~100% | 1.7900% | Verified |
| 2022 | +2.0% | +2.0% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.3500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +90.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +21.5% | +22.0% | +93.3% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 89.4% | 97.7% | — | 184.0% | 2024 | 74.5% | 2025 |
| Effective Tax Rate (2025) | 1.5200% | 1.5200% | — | 1.5200% | 2025 | 1.5200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$21,922 | $16,518 | ~$27,950 | $21,922 | 2025 | $13,459 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,754,786 | ~$1,178,324 | ~2.0139% | ~$23,731 | +22.0% |
| 2027 | ~$2,141,427 | ~$1,296,157 | ~1.9814% | ~$25,682 | +48.9% |
| 2028 | ~$2,613,259 | ~$1,425,773 | ~1.9488% | ~$27,786 | +81.7% |
| 2029 | ~$3,189,053 | ~$1,568,350 | ~1.9163% | ~$30,054 | +121.8% |
| 2030 | ~$3,891,714 | ~$1,725,185 | ~1.8837% | ~$32,498 | +170.6% |
| 2026 | ~$1,726,027 | ~$1,178,324 | ~2.0465% | ~$24,114 | +20.0% |
| 2027 | ~$2,071,811 | ~$1,296,157 | ~2.0465% | ~$26,526 | +44.1% |
| 2028 | ~$2,486,868 | ~$1,425,773 | ~2.0465% | ~$29,178 | +72.9% |
| 2029 | ~$2,985,076 | ~$1,568,350 | ~2.0465% | ~$32,096 | +107.6% |
| 2030 | ~$3,583,092 | ~$1,725,185 | ~2.0465% | ~$35,306 | +149.2% |
| 2026 | ~$1,783,545 | ~$1,178,324 | ~1.9977% | ~$23,539 | +24.0% |
| 2027 | ~$2,212,194 | ~$1,296,157 | ~1.9488% | ~$25,260 | +53.8% |
| 2028 | ~$2,743,862 | ~$1,425,773 | ~1.9000% | ~$27,090 | +90.8% |
| 2029 | ~$3,403,309 | ~$1,568,350 | ~1.8512% | ~$29,033 | +136.7% |
| 2030 | ~$4,221,245 | ~$1,725,185 | ~1.8024% | ~$31,094 | +193.6% |
In 2025, this property's market value of $1,437,954 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +1% 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 | $1,437,954 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $743,892 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $723,181 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $700,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $648,378 | $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.