1623 E 7 ST TX 78702
| Owner | WHATS UP EAST AUSTIN LP |
|---|---|
| Parcel ID | 0204080512 |
| Short ID | 191969 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 811 SF |
| Land SF | 8,960 SF |
| Acres | 0.206 |
| Year Built | 1969 |
| Legal | LOT 13 OLT 5 DIV A MCFALLS J K P SUBD |
| Neighborhood | 33CEN |
| Land | $1,344,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,344,000 |
| Improvement | $25,124 |
|---|---|
| Total Improvement | $25,124 |
| Market | $1,369,124 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,369,124 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,369,124 |
| Taxable Value | $1,369,124 |
|---|
Appreciation: Market value has risen +44.0% from $951,057 (2021) to $1,369,124 (2025), a CAGR of 9.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $28,019. 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 98% of market value ($1,344,000 land vs $25,124 improvements), about $150/SF of land. With value concentrated in the land under a ~57-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 $1,369,124, this parcel sits in the lower-middle (25th–50th 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 +9.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,158,928 by 2030, with an estimated annual tax burden around $40,669. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 7,800 SF | ✗ |
| 1ST | 1st Floor | 811 SF | ✓ |
| SO | Sketch Only | 429 SF | ✗ |
| 541 | FENCE COMM LF | 128 SF | ✗ |
| 571C | STORAGE DET COMM | 117 SF | ✓ |
| 282 | LIGHT POLES FV | 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% | $12,667.14 | $12,667.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,174.44 | $7,174.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,145.78 | $5,145.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,615.88 | $1,615.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,415.67 | $1,415.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,018.91 | $28,018.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,369,124 | $1,369,124 | +0.0% |
| Assessed Value | $1,369,124 | $1,369,124 | +0.0% |
| Land Value | $1,344,000 | $1,344,000 | +0.0% |
| Improvement Value | $25,124 | $25,124 | +0.0% |
| Taxable Value | $1,369,124 | $1,369,124 | +0.0% |
| Total Tax 2026 = estimate |
~$28,019
Estimated
|
~$28,019
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,370,353 | $1,369,124 | -1,229 (-0.1%) |
| Taxable Value | $1,370,353 | $1,369,124 | -1,229 (-0.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,369,124 | $1,344,000 | $25,124 | — | $1,369,124 | $1,369,124 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,369,124 | $1,344,000 | $25,124 | — | $1,369,124 | $1,369,124 | ~$28,019 | Partial |
| 2024 | $1,299,201 | — | — | — | $1,344,000 ! | $— | $27,109 | Verified |
| 2023 | $1,156,037 | — | — | — | $1,299,201 ! | $— | $23,506 | Verified |
| 2022 | $1,040,788 | — | — | — | $1,120,000 ! | $— | $22,831 | Verified |
| 2021 | $951,057 | — | — | — | $1,030,400 ! | $— | $22,655 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | +5.3% | +5.3% | ~100% | 1.9800% | Verified |
| 2023 | +12.4% | +12.4% | ~100% | 1.8100% | Verified |
| 2022 | +11.1% | +11.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +7.7% | +9.5% | +12.4% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 105.3% | — | 112.4% | 2023 | 100.0% | 2025 |
| 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 |
$28,019 | $24,824 | ~$35,251 | $28,019 | 2025 | $22,655 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,499,691 | ~$1,499,691 | ~2.0139% | ~$30,203 | +9.5% |
| 2027 | ~$1,642,710 | ~$1,642,710 | ~1.9814% | ~$32,548 | +20.0% |
| 2028 | ~$1,799,368 | ~$1,799,368 | ~1.9488% | ~$35,067 | +31.4% |
| 2029 | ~$1,970,965 | ~$1,970,965 | ~1.9163% | ~$37,769 | +44.0% |
| 2030 | ~$2,158,928 | ~$2,158,928 | ~1.8837% | ~$40,669 | +57.7% |
| 2026 | ~$1,472,309 | ~$1,472,309 | ~2.0465% | ~$30,131 | +7.5% |
| 2027 | ~$1,583,270 | ~$1,583,270 | ~2.0465% | ~$32,401 | +15.6% |
| 2028 | ~$1,702,594 | ~$1,702,594 | ~2.0465% | ~$34,843 | +24.4% |
| 2029 | ~$1,830,911 | ~$1,830,911 | ~2.0465% | ~$37,469 | +33.7% |
| 2030 | ~$1,968,898 | ~$1,968,898 | ~2.0465% | ~$40,293 | +43.8% |
| 2026 | ~$1,527,074 | ~$1,506,036 | ~1.9977% | ~$30,086 | +11.5% |
| 2027 | ~$1,703,245 | ~$1,656,640 | ~1.9488% | ~$32,285 | +24.4% |
| 2028 | ~$1,899,741 | ~$1,822,304 | ~1.9000% | ~$34,624 | +38.8% |
| 2029 | ~$2,118,906 | ~$2,004,534 | ~1.8512% | ~$37,108 | +54.8% |
| 2030 | ~$2,363,354 | ~$2,204,988 | ~1.8024% | ~$39,742 | +72.6% |
In 2025, this property's market value of $1,369,124 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -3% below 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 | $1,369,124 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,299,201 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,156,037 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,040,788 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $951,057 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.