2021 E 5 ST TX 78702
| Owner | 2021 E 5TH STREET LTD |
|---|---|
| Parcel ID | 0203090803 |
| Short ID | 191081 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 31,846 SF |
| Land SF | 52,678 SF |
| Acres | 1.209 |
| Year Built | 2013 |
| Legal | 1.2093 AC OF LOTS 2-3 OLT 8 DIV O MUSGROVE SUBD |
| Neighborhood | 52EAS |
| Land | $7,901,700 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,901,700 |
| Improvement | $370,670 |
|---|---|
| Total Improvement | $370,670 |
| Market | $8,272,370 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,272,370 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,272,370 |
| Taxable Value | $8,272,370 |
|---|
Appreciation: Market value has fallen -22.1% from $10,621,931 (2021) to $8,272,370 (2025), a CAGR of -6.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 lagged 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 $169,293. 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 96% of market value ($7,901,700 land vs $370,670 improvements), about $150/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $8,272,370, 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 -6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,052,197 by 2030, with an estimated annual tax burden around $114,008. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 33,900 SF | ✗ |
| 491 | SPRINKLER HEADS | 31,846 SF | ✗ |
| 1ST | 1st Floor | 16,043 SF | ✓ |
| 2ND | 2nd Floor | 15,803 SF | ✓ |
| 501 | CANOPY | 5,960 SF | ✗ |
| 611 | TERRACE | 264 SF | ✗ |
| 482 | LIGHT POLES | 4 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $76,535.97 | $76,535.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $43,348.63 | $43,348.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $31,091.29 | $31,091.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,763.30 | $9,763.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,553.63 | $8,553.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $169,292.82 | $169,292.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,272,370 | $8,272,370 | +0.0% |
| Assessed Value | $8,272,370 | $8,272,370 | +0.0% |
| Land Value | $7,901,700 | $7,901,700 | +0.0% |
| Improvement Value | $370,670 | $370,670 | +0.0% |
| Taxable Value | $8,260,935 | $8,272,370 | -0.1% |
| Total Tax 2026 = estimate |
~$169,059
Estimated
|
~$169,293
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,272,370 | $8,272,370 | +0 (+0.0%) |
| Taxable Value | $8,260,935 | $8,260,935 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,272,370 | $7,901,700 | $370,670 | — | $8,272,370 | $8,260,935 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,272,370 | $7,901,700 | $370,670 | — | $8,272,370 | $8,272,370 | ~$169,293 | Partial |
| 2024 | $9,897,750 | — | — | −$1,996,050 | $7,901,700 | $— | $175,635 | Verified |
| 2023 | $11,762,806 | — | — | −$3,861,106 | $7,901,700 | $— | $179,075 | Verified |
| 2022 | $10,919,985 | — | — | −$5,915,575 | $5,004,410 | $— | $232,306 | Verified |
| 2021 | $10,621,931 | — | — | −$6,671,081 | $3,950,850 | $— | $237,693 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -6.7% | -6.7% | ~100% | Not available | Partial |
| 2024 | -10.5% | -10.5% | ~100% | 1.9800% | Verified |
| 2023 | -15.9% | -15.9% | ~100% | 1.8100% | Verified |
| 2022 | +7.7% | +7.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -24.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -4.4% | -6.1% | +7.7% | 2023 | -16.4% | 2025 |
| Assessment Ratio | 100.0% | 71.7% | — | 100.0% | 2025 | 37.2% | 2021 |
| 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 |
$169,293 | $198,800 | ~$134,454 | $237,693 | 2021 | $169,293 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,771,173 | ~$7,771,173 | ~2.0139% | ~$156,506 | -6.1% |
| 2027 | ~$7,300,342 | ~$7,300,342 | ~1.9814% | ~$144,648 | -11.8% |
| 2028 | ~$6,858,037 | ~$6,858,037 | ~1.9488% | ~$133,652 | -17.1% |
| 2029 | ~$6,442,530 | ~$6,442,530 | ~1.9163% | ~$123,458 | -22.1% |
| 2030 | ~$6,052,197 | ~$6,052,197 | ~1.8837% | ~$114,008 | -26.8% |
| 2026 | ~$7,858,752 | ~$7,858,752 | ~2.0465% | ~$160,828 | -5.0% |
| 2027 | ~$7,465,814 | ~$7,465,814 | ~2.0465% | ~$152,787 | -9.7% |
| 2028 | ~$7,092,523 | ~$7,092,523 | ~2.0465% | ~$145,147 | -14.3% |
| 2029 | ~$6,737,897 | ~$6,737,897 | ~2.0465% | ~$137,890 | -18.5% |
| 2030 | ~$6,401,002 | ~$6,401,002 | ~2.0465% | ~$130,996 | -22.6% |
| 2026 | ~$7,936,620 | ~$7,936,620 | ~1.9977% | ~$158,547 | -4.1% |
| 2027 | ~$7,614,498 | ~$7,614,498 | ~1.9488% | ~$148,394 | -8.0% |
| 2028 | ~$7,305,449 | ~$7,305,449 | ~1.9000% | ~$138,805 | -11.7% |
| 2029 | ~$7,008,943 | ~$7,008,943 | ~1.8512% | ~$129,749 | -15.3% |
| 2030 | ~$6,724,472 | ~$6,724,472 | ~1.8024% | ~$121,200 | -18.7% |
In 2025, this property's market value of $8,272,370 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,272,370 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,897,750 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $11,762,806 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $10,919,985 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,621,931 | $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.