507 CALLES ST TX 78702
| Owner | 507 CALLES ST AUSTIN OWNER LLC |
|---|---|
| Parcel ID | 0203110801 |
| Short ID | 191207 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 50,951 SF |
| Land SF | 166,011 SF |
| Acres | 3.811 |
| Year Built | 1947 |
| Legal | 3.8900 ACR OLT 12 DIV A MORSLAND PLACE |
| Neighborhood | 51EAS |
| Land | $9,130,627 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,130,627 |
| Improvement | $3,987,078 |
|---|---|
| Total Improvement | $3,987,078 |
| Market | $13,117,705 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,117,705 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,117,705 |
| Taxable Value | $13,117,705 |
|---|
| Total Due | $6,193.70 |
|---|---|
| First Delinquent | 2020 |
Appreciation: Market value has fallen -32.4% from $19,416,959 (2021) to $13,117,705 (2025), a CAGR of -9.3% over 4 years. Growth has been relatively flat for this asset class. 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 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 $268,452. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 70% of market value ($9,130,627 land vs $3,987,078 improvements), about $55/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $13,117,705, 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 -9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,034,404 by 2030, with an estimated annual tax burden around $151,347. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $6,193.70 in unpaid taxes since 2020. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 51,150 SF | ✗ |
| 1ST | 1st Floor | 50,951 SF | ✓ |
| 881 | COMMCL FINISHOUT | 45,950 SF | ✓ |
| 093 | HVAC COMMRCL SF | 41,627 SF | ✗ |
| 551 | PAVED AREA | 21,500 SF | ✗ |
| 611 | TERRACE | 3,170 SF | ✗ |
| 501 | CANOPY | 2,290 SF | ✗ |
| 541 | FENCE COMM LF | 700 SF | ✗ |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $121,365.01 | $121,365.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $68,739.00 | $68,739.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $49,302.24 | $49,302.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,481.91 | $15,481.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,563.71 | $13,563.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $268,451.87 | $268,451.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,280,322 | $13,117,705 | -14.0% |
| Assessed Value | $11,280,322 | $13,117,705 | -14.0% |
| Land Value | $9,130,627 | $9,130,627 | +0.0% |
| Improvement Value | $2,149,695 | $3,987,078 | -46.1% |
| Taxable Value | $11,280,322 | $13,117,705 | -14.0% |
| Total Tax 2026 = estimate |
~$230,850
Estimated
|
~$268,452
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $13,149,047 | $11,280,322 | -1,868,725 (-14.2%) |
| Taxable Value | $13,149,047 | $11,280,322 | -1,868,725 (-14.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,280,322 | $9,130,627 | $2,149,695 | — | $11,280,322 | $11,280,322 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,117,705 | $9,130,627 | $3,987,078 | — | $13,117,705 | $13,117,705 | ~$268,452 | Partial |
| 2024 | $19,632,000 | — | — | −$10,501,373 | $9,130,627 | $— | $373,812 | Verified |
| 2023 | $21,754,982 | — | — | −$12,624,355 | $9,130,627 | $— | $356,454 | Verified |
| 2022 | $20,101,870 | — | — | −$10,971,243 | $9,130,627 | $— | $429,644 | Verified |
| 2021 | $19,416,959 | — | — | −$10,097,297 | $9,319,662 | $— | $437,553 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | -30.5% | -30.5% | ~100% | Not available | Partial |
| 2024 | -9.8% | -9.8% | ~100% | 1.9800% | Verified |
| 2023 | -3.9% | -3.9% | ~100% | 1.7000% | Verified |
| 2022 | +8.2% | +8.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -34.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.0% | -9.1% | -6.4% | +8.2% | 2023 | -33.2% | 2025 |
| Assessment Ratio | 100.0% | 63.6% | — | 100.0% | 2025 | 42.0% | 2023 |
| 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 |
$268,452 | $373,183 | ~$192,962 | $437,553 | 2021 | $268,452 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,892,606 | ~$11,892,606 | ~2.0139% | ~$239,510 | -9.3% |
| 2027 | ~$10,781,922 | ~$10,781,922 | ~1.9814% | ~$213,632 | -17.8% |
| 2028 | ~$9,774,968 | ~$9,774,968 | ~1.9488% | ~$190,498 | -25.5% |
| 2029 | ~$8,862,056 | ~$8,862,056 | ~1.9163% | ~$169,823 | -32.4% |
| 2030 | ~$8,034,404 | ~$8,034,404 | ~1.8837% | ~$151,347 | -38.8% |
| 2026 | ~$12,461,820 | ~$12,461,820 | ~2.0465% | ~$255,029 | -5.0% |
| 2027 | ~$11,838,729 | ~$11,838,729 | ~2.0465% | ~$242,278 | -9.7% |
| 2028 | ~$11,246,792 | ~$11,246,792 | ~2.0465% | ~$230,164 | -14.3% |
| 2029 | ~$10,684,453 | ~$10,684,453 | ~2.0465% | ~$218,656 | -18.5% |
| 2030 | ~$10,150,230 | ~$10,150,230 | ~2.0465% | ~$207,723 | -22.6% |
| 2026 | ~$12,154,960 | ~$12,154,960 | ~1.9977% | ~$242,815 | -7.3% |
| 2027 | ~$11,262,873 | ~$11,262,873 | ~1.9488% | ~$219,495 | -14.1% |
| 2028 | ~$10,436,259 | ~$10,436,259 | ~1.9000% | ~$198,291 | -20.4% |
| 2029 | ~$9,670,313 | ~$9,670,313 | ~1.8512% | ~$179,016 | -26.3% |
| 2030 | ~$8,960,582 | ~$8,960,582 | ~1.8024% | ~$161,503 | -31.7% |
In 2025, this property's market value of $13,117,705 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $13,117,705 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $19,632,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $21,754,982 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $20,101,870 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $19,416,959 | $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.