608 E CESAR CHAVEZ ST TX 78701
| Owner | WALLER CREEK ELEVEN LTD |
|---|---|
| Parcel ID | 0204041204 |
| Short ID | 191606 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 1,156,135 SF |
| Land SF | 75,723 SF |
| Acres | 1.738 |
| Year Built | 2016 |
| Legal | LOT 1-8 LESS SW TRI OF LOT 1 & VAC ALLEY BLOCK 011 ORIGINAL CITY |
| Neighborhood | 34CBD1 |
| Land | $98,439,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $98,439,900 |
| Improvement | $366,560,100 |
|---|---|
| Total Improvement | $366,560,100 |
| Market | $465,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $465,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $465,000,000 |
| Taxable Value | $465,000,000 |
|---|
Appreciation: Market value has risen +42.3% from $326,680,000 (2021) to $465,000,000 (2025), a CAGR of 9.2% 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 $9,516,155. Austin ISD is the largest single contributor, at 43.3% 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 21% of market value ($98,439,900 land vs $366,560,100 improvements), about $1,300/SF of land. Most value sits in the improvements, so building condition, age (~10 yrs), and rent roll drive the underwriting.
Submarket Position: At $465,000,000, 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 +9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $722,962,815 by 2030, with an estimated annual tax burden around $13,618,758. 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 | 1,156,135 SF | ✓ |
| 187 | PARKING GARAGE | 230,000 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +215,839 |
| Travis County | 0.3444% | 0.3758% | +146,010 |
| Austin ISD | 0.9505% | 0.9252% | -117,645 |
| Travis Central Health | 0.1080% | 0.1180% | +46,751 |
| Austin Community College | 0.1013% | 0.1034% | +9,765 |
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% | $4,302,180.00 | $3,515,923.51 | $786,256.49 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,436,679.05 | $1,991,357.19 | $445,321.86 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,747,679.25 | $1,428,277.41 | $319,401.84 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $548,806.95 | $448,508.25 | $100,298.70 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $480,810.00 | $392,938.27 | $87,871.73 |
| P2U | — | — | — | — | — | — | $429,662.50 | $351,138.37 | $78,524.13 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,945,817.75 | $8,128,143.00 | $1,817,674.75 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $384,625,685 | $465,000,000 | -17.3% |
| Assessed Value | $384,625,685 | $465,000,000 | -17.3% |
| Land Value | $66,257,625 | $98,439,900 | -32.7% |
| Improvement Value | $318,368,060 | $366,560,100 | -13.1% |
| Taxable Value | $384,625,685 | $465,000,000 | -17.3% |
| Total Tax 2026 = estimate |
~$7,871,307
Estimated
|
$9,945,818 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $434,067,370 | $384,625,685 | -49,441,685 (-11.4%) |
| Taxable Value | $434,067,370 | $384,625,685 | -49,441,685 (-11.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $384,625,685 | $66,257,625 | $318,368,060 | — | $384,625,685 | $384,625,685 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $465,000,000 | $98,439,900 | $366,560,100 | — | $465,000,000 | $465,000,000 | $9,945,818 | Verified |
| 2024 | $349,900,000 | — | — | −$251,460,100 | $98,439,900 | $— | $8,618,250 | Verified |
| 2023 | $330,000,000 | — | — | −$226,638,105 | $103,361,895 | $— | $6,678,499 | Verified |
| 2022 | $266,650,000 | — | — | −$214,969,052 | $51,680,948 | $— | $6,881,291 | Verified |
| 2021 | $326,680,000 | — | — | −$274,999,052 | $51,680,948 | $— | $5,665,209 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.7% | -6.7% | ~100% | Not available | Partial |
| 2025 | +11.9% | +11.9% | ~100% | 2.1400% | Verified |
| 2024 | +10.8% | +10.8% | ~100% | 2.0700% | Verified |
| 2023 | +2.7% | +2.7% | ~100% | 1.7800% | Verified |
| 2022 | +36.9% | +36.9% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 1.7300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +74.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.3% | +5.4% | +13.8% | +32.9% | 2025 | -18.4% | 2022 |
| Assessment Ratio | 100.0% | 49.1% | — | 100.0% | 2025 | 15.8% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
| Tax Amount | $9,945,818 | $7,557,813 | ~$11,866,606 | $9,945,818 | 2025 | $5,665,209 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$507,908,586 | ~$507,908,586 | ~2.0139% | ~$10,228,956 | +9.2% |
| 2027 | ~$554,776,627 | ~$554,776,627 | ~1.9814% | ~$10,992,278 | +19.3% |
| 2028 | ~$605,969,489 | ~$605,969,489 | ~1.9488% | ~$11,809,373 | +30.3% |
| 2029 | ~$661,886,250 | ~$661,886,250 | ~1.9163% | ~$12,683,667 | +42.3% |
| 2030 | ~$722,962,815 | ~$722,962,815 | ~1.8837% | ~$13,618,758 | +55.5% |
| 2026 | ~$498,608,586 | ~$498,608,586 | ~2.0465% | ~$10,203,950 | +7.2% |
| 2027 | ~$534,646,284 | ~$534,646,284 | ~2.0465% | ~$10,941,456 | +15.0% |
| 2028 | ~$573,288,661 | ~$573,288,661 | ~2.0465% | ~$11,732,266 | +23.3% |
| 2029 | ~$614,723,976 | ~$614,723,976 | ~2.0465% | ~$12,580,234 | +32.2% |
| 2030 | ~$659,154,091 | ~$659,154,091 | ~2.0465% | ~$13,489,490 | +41.8% |
| 2026 | ~$517,208,586 | ~$511,500,000 | ~1.9977% | ~$10,218,042 | +11.2% |
| 2027 | ~$575,278,971 | ~$562,650,000 | ~1.9488% | ~$10,965,145 | +23.7% |
| 2028 | ~$639,869,297 | ~$618,915,000 | ~1.9000% | ~$11,759,489 | +37.6% |
| 2029 | ~$711,711,600 | ~$680,806,500 | ~1.8512% | ~$12,603,049 | +53.1% |
| 2030 | ~$791,620,108 | ~$748,887,150 | ~1.8024% | ~$13,497,727 | +70.2% |
In 2025, this property's market value of $465,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 328× 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 | $465,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $349,900,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $330,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $266,650,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $326,680,000 | $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.