501 N INTERSTATE HY 35 TX 78702
| Owner | THIRD COAST STUDIOS LLC |
|---|---|
| Parcel ID | 0204050516 |
| Short ID | 191646 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 18,856 SF |
| Land SF | 15,326 SF |
| Acres | 0.352 |
| Year Built | 1950 |
| Legal | LOT 8-12 & E TRI OF LOT 7 BLK 1 OLT 1 DIV A CONNERS ADDN |
| Neighborhood | 52EAS |
| Land | $3,065,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,065,200 |
| Improvement | $247,800 |
|---|---|
| Total Improvement | $247,800 |
| Market | $3,313,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,313,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,313,000 |
| Exemptions (−) (HT) | −$891,539 |
|---|---|
| Taxable Value | $2,421,461 |
Appreciation: Market value has fallen -7.8% from $3,593,300 (2021) to $3,313,000 (2025), a CAGR of -2.0% 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 $49,555. Austin ISD is the largest single contributor, at 48.6% 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 93% of market value ($3,065,200 land vs $247,800 improvements), about $200/SF of land. With value concentrated in the land under a ~76-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 $3,313,000, 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 -2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,993,170 by 2030, with an estimated annual tax burden around $56,384. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 12,200 SF | ✓ |
| 2ND | 2nd Floor | 6,656 SF | ✓ |
| 501 | CANOPY | 168 SF | ✗ |
| 411 | SOLAR DEVICES RESIDENTIAL | 1 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% | $26,521.42 | $26,521.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,688.87 | $12,688.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,100.94 | $9,100.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,424.26 | $3,424.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,857.88 | $2,857.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $54,593.37 | $54,593.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,871,000 | $3,313,000 | -13.3% |
| Assessed Value | $2,871,000 | $3,313,000 | -13.3% |
| Land Value | $3,065,200 | $3,065,200 | +0.0% |
| Improvement Value | — | $247,800 | — |
| Taxable Value | $1,988,370 | $2,421,461 | -17.9% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$40,692
Estimated
|
~$54,593
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,871,000 | $2,871,000 | +0 (+0.0%) |
| Taxable Value | $1,988,370 | $1,988,370 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,871,000 | $3,065,200 | — | — | $2,871,000 | $1,988,370 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,313,000 | $3,065,200 | $247,800 | — | $3,313,000 | $2,421,461 | ~$54,593 | Partial |
| 2024 | $2,908,326 | — | — | — | $3,065,200 ! | $— | $54,385 | Verified |
| 2023 | $3,642,780 | — | — | −$734,454 | $2,908,326 | $— | $43,306 | Verified |
| 2022 | $3,081,614 | — | — | −$322,934 | $2,758,680 | $— | $56,348 | Verified |
| 2021 | $3,593,300 | — | — | −$1,294,400 | $2,298,900 | $— | $52,189 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.3% | -13.3% | ~100% | Not available | Partial |
| 2025 | -13.9% | -5.1% | ~100% | Not available | Partial |
| 2024 | +32.3% | +20.0% | 90.7% | 1.4100% | Verified |
| 2023 | -20.2% | -20.2% | ~100% | 1.4900% | Verified |
| 2022 | +18.2% | +18.2% | ~100% | 1.5500% | Verified |
| 2021 | base year | — | ~100% | 1.4500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.3% | -3.1% | +1.0% | +18.2% | 2023 | -20.2% | 2024 |
| Assessment Ratio | 100.0% | 89.8% | — | 105.4% | 2024 | 64.0% | 2021 |
| Effective Tax Rate (2025) | 1.6500% | 1.6500% | — | 1.6500% | 2025 | 1.6500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$54,593 | $52,164 | ~$60,816 | $56,348 | 2022 | $43,306 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,246,410 | ~$3,246,410 | ~2.0139% | ~$65,381 | -2.0% |
| 2027 | ~$3,181,159 | ~$3,181,159 | ~1.9814% | ~$63,031 | -4.0% |
| 2028 | ~$3,117,220 | ~$3,117,220 | ~1.9488% | ~$60,750 | -5.9% |
| 2029 | ~$3,054,565 | ~$3,054,565 | ~1.9163% | ~$58,534 | -7.8% |
| 2030 | ~$2,993,170 | ~$2,993,170 | ~1.8837% | ~$56,384 | -9.7% |
| 2026 | ~$3,180,150 | ~$3,180,150 | ~2.0465% | ~$65,081 | -4.0% |
| 2027 | ~$3,052,628 | ~$3,052,628 | ~2.0465% | ~$62,472 | -7.9% |
| 2028 | ~$2,930,219 | ~$2,930,219 | ~2.0465% | ~$59,966 | -11.6% |
| 2029 | ~$2,812,719 | ~$2,812,719 | ~2.0465% | ~$57,562 | -15.1% |
| 2030 | ~$2,699,930 | ~$2,699,930 | ~2.0465% | ~$55,254 | -18.5% |
| 2026 | ~$3,312,670 | ~$3,312,670 | ~1.9977% | ~$66,176 | -0.0% |
| 2027 | ~$3,312,341 | ~$3,312,341 | ~1.9488% | ~$64,552 | -0.0% |
| 2028 | ~$3,312,011 | ~$3,312,011 | ~1.9000% | ~$62,929 | -0.0% |
| 2029 | ~$3,311,682 | ~$3,311,682 | ~1.8512% | ~$61,306 | -0.0% |
| 2030 | ~$3,311,352 | ~$3,311,352 | ~1.8024% | ~$59,683 | -0.0% |
In 2025, this property's market value of $3,313,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +134% 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 | $3,313,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,908,326 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,642,780 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,081,614 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,593,300 | $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.