1221 E 6 ST TX 78702
| Owner | MISTY ROCK LEASING LLC |
|---|---|
| Parcel ID | 0204060506 |
| Short ID | 191813 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 12,849 SF |
| Land SF | 6,413 SF |
| Acres | 0.147 |
| Year Built | 2019 |
| Legal | LOT 6 BLK 4 OLT 3 DIVISION A |
| Neighborhood | 35EC1 |
| Land | $1,122,275 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,122,275 |
| Improvement | $4,369,872 |
|---|---|
| Total Improvement | $4,369,872 |
| Market | $5,492,147 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,492,147 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,492,147 |
| Taxable Value | $5,492,147 |
|---|
Appreciation: Market value has risen +58.6% from $3,462,800 (2021) to $5,492,147 (2025), a CAGR of 12.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $112,396. 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 20% of market value ($1,122,275 land vs $4,369,872 improvements), about $175/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,492,147, 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 +12.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,775,424 by 2030, with an estimated annual tax burden around $166,620. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,283 SF | ✓ |
| 2ND | 2nd Floor | 4,283 SF | ✓ |
| 3RD | 3rd Floor | 4,283 SF | ✓ |
| 611 | TERRACE | 3,351 SF | ✗ |
| 501 | CANOPY | 1,860 SF | ✗ |
| 387 | PARKING GAR UNDR | 1,221 SF | ✓ |
| 335 | PENTHOUSE | 484 SF | ✓ |
| 601 | POOL COMM'L | 307 SF | ✗ |
Market value changed by 95% in 2022, 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% | $50,813.34 | $50,813.34 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $28,779.78 | $28,779.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,641.96 | $20,641.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,482.00 | $6,482.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,678.88 | $5,678.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $112,395.96 | $112,395.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,678,755 | $5,492,147 | -14.8% |
| Assessed Value | $4,678,755 | $5,492,147 | -14.8% |
| Land Value | $1,122,275 | $1,122,275 | +0.0% |
| Improvement Value | $3,556,480 | $4,369,872 | -18.6% |
| Taxable Value | $4,678,755 | $5,492,147 | -14.8% |
| Total Tax 2026 = estimate |
~$95,750
Estimated
|
~$112,396
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,635,598 | $4,678,755 | -956,843 (-17.0%) |
| Taxable Value | $5,635,598 | $4,678,755 | -956,843 (-17.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,678,755 | $1,122,275 | $3,556,480 | — | $4,678,755 | $4,678,755 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,492,147 | $1,122,275 | $4,369,872 | — | $5,492,147 | $5,492,147 | ~$112,396 | Partial |
| 2024 | $4,700,000 | — | — | −$3,577,725 | $1,122,275 | $— | $112,032 | Verified |
| 2023 | $5,890,000 | — | — | −$4,767,725 | $1,122,275 | $— | $86,577 | Verified |
| 2022 | $3,015,880 | — | — | −$2,214,255 | $801,625 | $— | $86,491 | Verified |
| 2021 | $3,462,800 | — | — | −$2,693,240 | $769,560 | $— | $65,646 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.6% | +2.6% | ~100% | Not available | Partial |
| 2025 | -37.8% | -37.8% | ~100% | Not available | Partial |
| 2024 | +41.0% | +41.0% | ~100% | 1.2700% | Verified |
| 2023 | +6.3% | +6.3% | ~100% | 1.3800% | Verified |
| 2022 | +95.3% ! | +95.3% | ~100% | 1.4700% | Verified |
| 2021 | base year | — | ~100% | 1.9000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +82.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.8% | +12.9% | +16.1% | +95.3% | 2023 | -20.2% | 2024 |
| Assessment Ratio | 100.0% | 48.6% | — | 100.0% | 2025 | 19.1% | 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 |
$112,396 | $92,628 | ~$143,303 | $112,396 | 2025 | $65,646 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,163,407 | ~$6,041,362 | ~2.0139% | ~$121,669 | +12.2% |
| 2027 | ~$6,916,709 | ~$6,645,498 | ~1.9814% | ~$131,673 | +25.9% |
| 2028 | ~$7,762,082 | ~$7,310,048 | ~1.9488% | ~$142,461 | +41.3% |
| 2029 | ~$8,710,777 | ~$8,041,052 | ~1.9163% | ~$154,090 | +58.6% |
| 2030 | ~$9,775,424 | ~$8,845,158 | ~1.8837% | ~$166,620 | +78.0% |
| 2026 | ~$6,053,564 | ~$6,041,362 | ~2.0465% | ~$123,636 | +10.2% |
| 2027 | ~$6,672,370 | ~$6,645,498 | ~2.0465% | ~$135,999 | +21.5% |
| 2028 | ~$7,354,431 | ~$7,310,048 | ~2.0465% | ~$149,599 | +33.9% |
| 2029 | ~$8,106,214 | ~$8,041,052 | ~2.0465% | ~$164,559 | +47.6% |
| 2030 | ~$8,934,846 | ~$8,845,158 | ~2.0465% | ~$181,015 | +62.7% |
| 2026 | ~$6,273,250 | ~$6,041,362 | ~1.9977% | ~$120,686 | +14.2% |
| 2027 | ~$7,165,442 | ~$6,645,498 | ~1.9488% | ~$129,510 | +30.5% |
| 2028 | ~$8,184,524 | ~$7,310,048 | ~1.9000% | ~$138,892 | +49.0% |
| 2029 | ~$9,348,542 | ~$8,041,052 | ~1.8512% | ~$148,855 | +70.2% |
| 2030 | ~$10,678,108 | ~$8,845,158 | ~1.8024% | ~$159,423 | +94.4% |
In 2025, this property's market value of $5,492,147 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,492,147 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,700,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,890,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,015,880 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,462,800 | $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.