718 NORTHWESTERN AVE AUSTIN, TX 78702
| Owner | 718 STUDIOS LLC |
|---|---|
| Parcel ID | 0204100509 |
| Short ID | 192065 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,102 SF |
| Land SF | 24,683 SF |
| Acres | 0.567 |
| Year Built | 1989 |
| Legal | LOT 1-3 BLK 7 OLT 23&231/2 DIV A LINCOLN PLACE |
| Neighborhood | 61EAS |
| Land | $2,098,055 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,098,055 |
| Improvement | $651,945 |
|---|---|
| Total Improvement | $651,945 |
| Market | $2,750,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,750,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,750,000 |
| Taxable Value | $2,750,000 |
|---|
Appreciation: Market value has risen +56.8% from $1,754,000 (2021) to $2,750,000 (2025), a CAGR of 11.9% 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 $56,278. 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 76% of market value ($2,098,055 land vs $651,945 improvements), about $85/SF of land. With value concentrated in the land under a ~37-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 $2,750,000, 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 +11.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,824,603 by 2030, with an estimated annual tax burden around $83,429. 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 | 5,500 SF | ✗ |
| 1ST | 1st Floor | 3,102 SF | ✓ |
| 881 | COMMCL FINISHOUT | 2,802 SF | ✓ |
| 541 | FENCE COMM LF | 640 SF | ✗ |
| 093 | HVAC COMMRCL SF | 600 SF | ✗ |
| MEZZ | Mezzanine | 405 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% | $25,443.00 | $25,443.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,410.47 | $14,410.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,335.74 | $10,335.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,245.63 | $3,245.63 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,843.50 | $2,843.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,278.34 | $56,278.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,768,000 | $2,750,000 | +0.7% |
| Assessed Value | $2,768,000 | $2,750,000 | +0.7% |
| Land Value | $2,098,055 | $2,098,055 | +0.0% |
| Improvement Value | $669,945 | $651,945 | +2.8% |
| Taxable Value | $2,768,000 | $2,750,000 | +0.7% |
| Total Tax 2026 = estimate |
~$56,647
Estimated
|
~$56,278
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,785,984 | $2,768,000 | -17,984 (-0.6%) |
| Taxable Value | $2,785,984 | $2,768,000 | -17,984 (-0.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,768,000 | $2,098,055 | $669,945 | — | $2,768,000 | $2,768,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,750,000 | $2,098,055 | $651,945 | — | $2,750,000 | $2,750,000 | ~$56,278 | Partial |
| 2024 | $2,529,470 | — | — | −$431,415 | $2,098,055 | $— | $50,773 | Verified |
| 2023 | $2,275,424 | — | — | −$177,369 | $2,098,055 | $— | $45,764 | Verified |
| 2022 | $1,762,000 | — | — | — | $1,851,225 ! | $— | $44,938 | Verified |
| 2021 | $1,754,000 | — | — | −$396,435 | $1,357,565 | $— | $38,353 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | +7.3% | +7.3% | ~100% | Not available | Partial |
| 2024 | +1.3% | +1.3% | ~100% | 1.9800% | Verified |
| 2023 | +11.2% | +11.2% | ~100% | 1.8100% | Verified |
| 2022 | +29.1% | +29.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +56.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.7% | +10.0% | +11.8% | +29.1% | 2023 | +0.5% | 2022 |
| Assessment Ratio | 100.0% | 92.9% | — | 105.1% | 2022 | 77.4% | 2021 |
| 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 |
$56,278 | $47,221 | ~$71,754 | $56,278 | 2025 | $38,353 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,077,219 | ~$3,025,000 | ~2.0139% | ~$60,922 | +11.9% |
| 2027 | ~$3,443,374 | ~$3,327,500 | ~1.9814% | ~$65,931 | +25.2% |
| 2028 | ~$3,853,098 | ~$3,660,250 | ~1.9488% | ~$71,332 | +40.1% |
| 2029 | ~$4,311,574 | ~$4,026,275 | ~1.9163% | ~$77,155 | +56.8% |
| 2030 | ~$4,824,603 | ~$4,428,903 | ~1.8837% | ~$83,429 | +75.4% |
| 2026 | ~$3,022,219 | ~$3,022,219 | ~2.0465% | ~$61,849 | +9.9% |
| 2027 | ~$3,321,386 | ~$3,321,386 | ~2.0465% | ~$67,972 | +20.8% |
| 2028 | ~$3,650,166 | ~$3,650,166 | ~2.0465% | ~$74,700 | +32.7% |
| 2029 | ~$4,011,492 | ~$4,011,492 | ~2.0465% | ~$82,095 | +45.9% |
| 2030 | ~$4,408,585 | ~$4,408,585 | ~2.0465% | ~$90,221 | +60.3% |
| 2026 | ~$3,132,219 | ~$3,025,000 | ~1.9977% | ~$60,429 | +13.9% |
| 2027 | ~$3,567,563 | ~$3,327,500 | ~1.9488% | ~$64,848 | +29.7% |
| 2028 | ~$4,063,415 | ~$3,660,250 | ~1.9000% | ~$69,545 | +47.8% |
| 2029 | ~$4,628,184 | ~$4,026,275 | ~1.8512% | ~$74,534 | +68.3% |
| 2030 | ~$5,271,451 | ~$4,428,903 | ~1.8024% | ~$79,825 | +91.7% |
In 2025, this property's market value of $2,750,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +94% 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 | $2,750,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,529,470 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,275,424 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,762,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,754,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.