1401 E 6 ST 1 TX 78702
| Owner | CENTRO NORTH LP |
|---|---|
| Parcel ID | 0204063202 |
| Short ID | 937619 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 93,337 SF |
| Land SF | 79,673 SF |
| Acres | 1.829 |
| Year Built | 2020 |
| Legal | UNT 1 CENTRO MASTER CONDOMINIUM PLUS 51.23 % INT IN COM AREA |
| Neighborhood | 51EAS |
| Land | $7,696,430 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,696,430 |
| Improvement | $53,709,605 |
|---|---|
| Total Improvement | $53,709,605 |
| Market | $61,406,035 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $61,406,035 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $61,406,035 |
| Taxable Value | $61,406,035 |
|---|
Appreciation: Market value has risen +686.0% from $7,812,176 (2022) to $61,406,035 (2025), a CAGR of 98.8% over 3 years. This is strong appreciation — well above typical inflation. 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 +16.6%, 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 $1,256,665. 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 13% of market value ($7,696,430 land vs $53,709,605 improvements), about $97/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $61,406,035, 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 +98.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,908,136,551 by 2030, with an estimated annual tax burden around $1,862,928. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 139,428 SF | ✓ |
| 5TH | 5th Floor | 35,650 SF | ✓ |
| 4TH | 4th Floor | 35,600 SF | ✓ |
| 3RD | 3rd Floor | 35,270 SF | ✓ |
| 2ND | 2nd Floor | 34,400 SF | ✓ |
| 1ST | 1st Floor | 23,667 SF | ✓ |
Market value changed by 528% in 2023, 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% | $531,990.00 | $531,990.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $301,309.78 | $301,309.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $216,110.88 | $216,110.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $67,863.23 | $67,863.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $59,455.00 | $59,455.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,176,728.89 | $1,176,728.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $62,809,682 | $61,406,035 | +2.3% |
| Assessed Value | $62,809,682 | $61,406,035 | +2.3% |
| Land Value | $7,696,430 | $7,696,430 | +0.0% |
| Improvement Value | $55,113,252 | $53,709,605 | +2.6% |
| Taxable Value | $62,809,682 | $61,406,035 | +2.3% |
| Total Tax 2026 = estimate |
~$1,285,391
Estimated
|
~$1,176,729
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $62,809,682 | $62,809,682 | +0 (+0.0%) |
| Taxable Value | $62,809,682 | $62,809,682 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $62,809,682 | $7,696,430 | $55,113,252 | — | $62,809,682 | $62,809,682 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $61,406,035 | $7,696,430 | $53,709,605 | — | $61,406,035 | $61,406,035 | ~$1,176,729 | Partial |
| 2024 | $64,512,947 | — | — | −$56,816,517 | $7,696,430 | $— | $1,397,790 | Verified |
| 2023 | $10,268,180 | — | — | −$2,571,750 | $7,696,430 | $— | $1,167,199 | Verified |
| 2022 | $7,812,176 | — | — | −$3,065,313 | $4,746,863 | $— | $202,789 | Verified |
| 2021 | $— | — | — | — | $4,746,864 | $— | $170,046 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.3% | +2.3% | ~100% | Not available | Partial |
| 2025 | -15.1% | -15.1% | ~100% | Not available | Partial |
| 2024 | +12.1% | +12.1% | ~100% | 1.9300% | Verified |
| 2023 | +528.3% ! | +528.3% | ~100% | 1.8100% | Verified |
| 2022 | +31.4% | +31.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +686.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.3% | +139.3% | +97.9% | +528.3% | 2024 | -4.8% | 2025 |
| Assessment Ratio | 100.0% | 69.5% | — | 100.0% | 2025 | 11.9% | 2024 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,176,729 | $986,127 | ~$1,602,224 | $1,397,790 | 2024 | $202,789 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$122,092,991 | ~$67,546,638 | ~2.0139% | ~$1,360,346 | +98.8% |
| 2027 | ~$242,756,246 | ~$74,301,302 | ~1.9814% | ~$1,472,197 | +295.3% |
| 2028 | ~$482,669,762 | ~$81,731,433 | ~1.9488% | ~$1,592,814 | +686.0% |
| 2029 | ~$959,687,353 | ~$89,904,576 | ~1.9163% | ~$1,722,833 | +1462.9% |
| 2030 | ~$1,908,136,551 | ~$98,895,033 | ~1.8837% | ~$1,862,928 | +3007.4% |
| 2026 | ~$120,864,871 | ~$67,546,638 | ~2.0465% | ~$1,382,332 | +96.8% |
| 2027 | ~$237,897,089 | ~$74,301,302 | ~2.0465% | ~$1,520,565 | +287.4% |
| 2028 | ~$468,250,408 | ~$81,731,433 | ~2.0465% | ~$1,672,622 | +662.5% |
| 2029 | ~$921,652,490 | ~$89,904,576 | ~2.0465% | ~$1,839,884 | +1400.9% |
| 2030 | ~$1,814,079,171 | ~$98,895,033 | ~2.0465% | ~$2,023,872 | +2854.2% |
| 2026 | ~$123,321,112 | ~$67,546,638 | ~1.9977% | ~$1,349,354 | +100.8% |
| 2027 | ~$247,664,529 | ~$74,301,302 | ~1.9488% | ~$1,448,013 | +303.3% |
| 2028 | ~$497,382,140 | ~$81,731,433 | ~1.9000% | ~$1,552,911 | +710.0% |
| 2029 | ~$998,887,466 | ~$89,904,576 | ~1.8512% | ~$1,664,308 | +1526.7% |
| 2030 | ~$2,006,055,483 | ~$98,895,033 | ~1.8024% | ~$1,782,456 | +3166.9% |
In 2025, this property's market value of $61,406,035 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 43× 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 | $61,406,035 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $64,512,947 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $10,268,180 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,812,176 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.