310 W 2 ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011403 |
| Short ID | 798576 |
| Type | Real |
| Use Code | 90 Theater |
| Valuation | Income |
| Improvement SF | 97,108 SF |
| Land SF | 9,070 SF |
| Acres | 0.208 |
| Year Built | 2010 |
| Legal | UNT VENUE UNIT BLOCK 21 MASTER CONDOMINIUMS PLUS 11.8505 % INT IN COM AREA |
| Neighborhood | 90CEN |
| Land | $2,040,698 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,040,698 |
| Improvement | $28,064,302 |
|---|---|
| Total Improvement | $28,064,302 |
| Market | $30,105,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $30,105,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $30,105,000 |
| Taxable Value | $30,105,000 |
|---|
Appreciation: Market value has risen +41.8% from $21,230,617 (2021) to $30,105,000 (2025), a CAGR of 9.1% over 4 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 +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 $616,094. Austin ISD is the largest single contributor, at 43.3% 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 7% of market value ($2,040,698 land vs $28,064,302 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $30,105,000, 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 +9.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $46,583,665 by 2030, with an estimated annual tax burden around $877,516. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 97,108 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% | $278,531.46 | $278,531.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $157,755.32 | $157,755.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $113,148.14 | $113,148.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $35,530.82 | $35,530.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $31,128.57 | $31,128.57 | Paid |
| P2U | — | — | — | — | — | — | $27,384.63 | $27,384.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $643,478.94 | $643,478.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $30,105,000 | $30,105,000 | +0.0% |
| Assessed Value | $30,105,000 | $30,105,000 | +0.0% |
| Land Value | $12,697,678 | $2,040,698 | +522.2% |
| Improvement Value | $17,407,322 | $28,064,302 | -38.0% |
| Taxable Value | $30,105,000 | $30,105,000 | +0.0% |
| Total Tax 2026 = estimate |
~$616,094
Estimated
|
~$643,479
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $44,556,171 | $30,105,000 | -14,451,171 (-32.4%) |
| Taxable Value | $44,556,171 | $30,105,000 | -14,451,171 (-32.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $30,105,000 | $12,697,678 | $17,407,322 | — | $30,105,000 | $30,105,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $30,105,000 | $2,040,698 | $28,064,302 | — | $30,105,000 | $30,105,000 | ~$643,479 | Partial |
| 2024 | $31,223,253 | — | — | −$29,182,555 | $2,040,698 | $— | $624,015 | Verified |
| 2023 | $23,507,876 | — | — | −$21,467,178 | $2,040,698 | $— | $593,325 | Verified |
| 2022 | $21,273,735 | — | — | −$19,233,037 | $2,040,698 | $— | $487,270 | Verified |
| 2021 | $21,230,617 | — | — | −$19,189,919 | $2,040,698 | $— | $483,835 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.0% | +48.0% | ~100% | Not available | Partial |
| 2025 | -0.0% | -0.0% | ~100% | Not available | Partial |
| 2024 | -3.6% | -3.6% | ~100% | 2.0700% | Verified |
| 2023 | +32.8% | +32.8% | ~100% | 1.9000% | Verified |
| 2022 | +10.5% | +10.5% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +41.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +8.0% | +9.1% | +32.8% | 2024 | -3.6% | 2025 |
| Assessment Ratio | 100.0% | 39.1% | — | 100.0% | 2025 | 6.5% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$643,479 | $566,385 | ~$765,972 | $643,479 | 2025 | $483,835 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$32,851,684 | ~$32,851,684 | ~2.0139% | ~$661,612 | +9.1% |
| 2027 | ~$35,848,966 | ~$35,848,966 | ~1.9814% | ~$710,307 | +19.1% |
| 2028 | ~$39,119,712 | ~$39,119,712 | ~1.9488% | ~$762,380 | +29.9% |
| 2029 | ~$42,688,869 | ~$42,688,869 | ~1.9163% | ~$818,043 | +41.8% |
| 2030 | ~$46,583,665 | ~$46,583,665 | ~1.8837% | ~$877,516 | +54.7% |
| 2026 | ~$32,249,584 | ~$32,249,584 | ~2.0465% | ~$659,983 | +7.1% |
| 2027 | ~$34,546,941 | ~$34,546,941 | ~2.0465% | ~$706,998 | +14.8% |
| 2028 | ~$37,007,955 | ~$37,007,955 | ~2.0465% | ~$757,362 | +22.9% |
| 2029 | ~$39,644,283 | ~$39,644,283 | ~2.0465% | ~$811,314 | +31.7% |
| 2030 | ~$42,468,415 | ~$42,468,415 | ~2.0465% | ~$869,110 | +41.1% |
| 2026 | ~$33,453,784 | ~$33,115,500 | ~1.9977% | ~$661,536 | +11.1% |
| 2027 | ~$37,175,076 | ~$36,427,050 | ~1.9488% | ~$709,905 | +23.5% |
| 2028 | ~$41,310,312 | ~$40,069,755 | ~1.9000% | ~$761,332 | +37.2% |
| 2029 | ~$45,905,539 | ~$44,076,731 | ~1.8512% | ~$815,946 | +52.5% |
| 2030 | ~$51,011,925 | ~$48,484,404 | ~1.8024% | ~$873,869 | +69.4% |
In 2025, this property's market value of $30,105,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 21× 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 | $30,105,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $31,223,253 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $23,507,876 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $21,273,735 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $21,230,617 | $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.