701 TILLERY ST AUSTIN, TX 78702
| Owner | TRAVIS COUNTY FACILITIES CORP |
|---|---|
| Parcel ID | 0204140101 |
| Short ID | 192391 |
| Type | Real |
| Use Code | 66 Industrial 20K+ SF (>75% FO) |
| Valuation | Cost |
| Improvement SF | 40,225 SF |
| Land SF | 547,985 SF |
| Acres | 12.580 |
| Year Built | 1952 |
| Legal | 11.8400 AC OF OLT 28&31 DIVISION A |
| Neighborhood | 1EC2 |
| Land | $27,399,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $27,399,240 |
| Improvement | $1,128,473 |
|---|---|
| Total Improvement | $1,128,473 |
| Market | $28,527,713 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $28,527,713 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $28,527,713 |
| Taxable Value | $28,527,713 |
|---|
Appreciation: Market value has risen +128.2% from $12,500,000 (2021) to $28,527,713 (2025), a CAGR of 22.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 96% of market value ($27,399,240 land vs $1,128,473 improvements), about $50/SF of land. With value concentrated in the land under a ~74-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 $28,527,713, 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 +22.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $80,022,688 by 2030, with an estimated annual tax burden around $0. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 114,425 SF | ✗ |
| 1ST | 1st Floor | 40,225 SF | ✓ |
| 093 | HVAC COMMRCL SF | 32,497 SF | ✗ |
| 881 | COMMCL FINISHOUT | 26,091 SF | ✓ |
| 541 | FENCE COMM LF | 2,375 SF | ✗ |
| 501 | CANOPY | 2,328 SF | ✗ |
| 327 | STORAGE COMM'L | 432 SF | ✓ |
| SO | Sketch Only | 352 SF | ✗ |
| 328 | MEZZ COMM (STG) | 300 SF | ✓ |
| 407 | LOADING DOCK | 280 SF | ✓ |
| 611 | TERRACE | 240 SF | ✗ |
| 408 | LOADING RAMP | 140 SF | ✓ |
Market value changed by 116% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $26,188,121 | $28,527,713 | -8.2% |
| Assessed Value | $26,188,121 | $28,527,713 | -8.2% |
| Land Value | $25,042,862 | $27,399,240 | -8.6% |
| Improvement Value | $1,145,259 | $1,128,473 | +1.5% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $26,188,121 | $26,188,121 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $26,188,121 | $25,042,862 | $1,145,259 | — | $26,188,121 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $28,527,713 | $27,399,240 | $1,128,473 | — | $28,527,713 | $— | not in county billing file ⓘ | Partial |
| 2024 | $17,500,000 | — | — | — | $18,000,000 ! | $— | $319,733 | Verified |
| 2023 | $16,500,000 | — | — | — | $24,625,011 ! | $— | $316,618 | Verified |
| 2022 | $12,500,000 | — | — | — | $24,625,011 ! | $— | $336,166 | Verified |
| 2021 | $12,500,000 | — | — | −$399,771 | $12,100,229 | $— | $272,085 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2025 | +58.5% | +58.5% | ~100% | Not available | Partial |
| 2024 | -30.1% | -30.1% | ~100% | 1.7800% | Verified |
| 2023 | -4.4% | -4.4% | ~100% | 1.2300% | Verified |
| 2022 | +115.5% ! | +115.5% | ~100% | 1.2500% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +128.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.2% | +18.6% | +25.1% | +63.0% | 2025 | -8.2% | 2026 |
| Assessment Ratio | 100.0% | 124.3% | — | 197.0% | 2022 | 96.8% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $319,733 | $311,150 | — | $336,166 | 2022 | $272,085 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$35,063,575 | ~$31,380,484 | ~0.0000% | ~$0 | +22.9% |
| 2027 | ~$43,096,840 | ~$34,518,533 | ~0.0000% | ~$0 | +51.1% |
| 2028 | ~$52,970,572 | ~$37,970,386 | ~0.0000% | ~$0 | +85.7% |
| 2029 | ~$65,106,433 | ~$41,767,425 | ~0.0000% | ~$0 | +128.2% |
| 2030 | ~$80,022,688 | ~$45,944,167 | ~0.0000% | ~$0 | +180.5% |
| 2026 | ~$34,493,021 | ~$31,380,484 | ~0.0000% | ~$0 | +20.9% |
| 2027 | ~$41,705,708 | ~$34,518,533 | ~0.0000% | ~$0 | +46.2% |
| 2028 | ~$50,426,610 | ~$37,970,386 | ~0.0000% | ~$0 | +76.8% |
| 2029 | ~$60,971,102 | ~$41,767,425 | ~0.0000% | ~$0 | +113.7% |
| 2030 | ~$73,720,507 | ~$45,944,167 | ~0.0000% | ~$0 | +158.4% |
| 2026 | ~$35,634,129 | ~$31,380,484 | ~0.0000% | ~$0 | +24.9% |
| 2027 | ~$44,510,794 | ~$34,518,533 | ~0.0000% | ~$0 | +56.0% |
| 2028 | ~$55,598,687 | ~$37,970,386 | ~0.0000% | ~$0 | +94.9% |
| 2029 | ~$69,448,638 | ~$41,767,425 | ~0.0000% | ~$0 | +143.4% |
| 2030 | ~$86,748,690 | ~$45,944,167 | ~0.0000% | ~$0 | +204.1% |
In 2025, this property's market value of $28,527,713 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 20× 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 | $28,527,713 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $17,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $16,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $12,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $12,500,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |