119 E 5 ST TX 78701
| Owner | STEIN SHERRILL SIMMS TRUSTEE O |
|---|---|
| Parcel ID | 0205020709 |
| Short ID | 192829 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 3,498 SF |
| Land SF | 3,542 SF |
| Acres | 0.081 |
| Year Built | 1935 |
| Legal | E 38.5FT OF LOT 7-8 BLOCK 042 ORIGINAL CITY |
| Neighborhood | 30CBD |
| Land | $1,328,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,328,250 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,290,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,290,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,290,000 |
| Taxable Value | $1,290,000 |
|---|
Appreciation: Market value has fallen -12.1% from $1,467,000 (2021) to $1,290,000 (2025), a CAGR of -3.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 lagged 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 $26,400. Austin ISD is the largest single contributor, at 44.0% 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 103% of market value ($1,328,250 land vs $0 improvements), about $375/SF of land. With value concentrated in the land under a ~91-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 $1,290,000, 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 -3.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,098,473 by 2030, with an estimated annual tax burden around $20,692. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,498 SF | ✓ |
| UBSMT | Unfinished Basement | 2,878 SF | ✓ |
| 511 | DECK | 2,037 SF | ✗ |
| 328 | MEZZ COMM (STG) | 575 SF | ✓ |
| 327 | STORAGE COMM'L | 320 SF | ✓ |
| 501 | CANOPY | 122 SF | ✗ |
| 611 | TERRACE | 32 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% | $11,935.08 | $11,935.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,759.82 | $6,759.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,848.40 | $4,848.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,522.50 | $1,522.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,333.86 | $1,333.86 | Paid |
| P2U | — | — | — | — | — | — | $730.75 | $730.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,130.41 | $27,130.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,360,840 | $1,290,000 | +5.5% |
| Assessed Value | $1,360,840 | $1,290,000 | +5.5% |
| Land Value | $2,833,600 | $1,328,250 | +113.3% |
| Improvement Value | — | — | — |
| Taxable Value | $1,360,840 | $1,290,000 | +5.5% |
| Total Tax 2026 = estimate |
~$27,849
Estimated
|
~$27,130
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,360,840 | $1,360,840 | +0 (+0.0%) |
| Taxable Value | $1,360,840 | $1,360,840 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,360,840 | $2,833,600 | — | — | $1,360,840 | $1,360,840 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,290,000 | $1,328,250 | — | — | $1,290,000 | $1,290,000 | ~$27,130 | Partial |
| 2024 | $1,280,000 | — | — | — | $1,280,000 | $— | $26,089 | Verified |
| 2023 | $1,243,000 | — | — | — | $1,280,000 ! | $— | $23,880 | Verified |
| 2022 | $1,243,000 | — | — | — | $1,243,000 | $— | $25,291 | Verified |
| 2021 | $1,467,000 | — | — | −$341,329 | $1,125,671 | $— | $28,023 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.5% | +5.5% | ~100% | Not available | Partial |
| 2025 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0400% | Verified |
| 2023 | -12.9% | -12.9% | ~100% | 1.8700% | Verified |
| 2022 | +0.2% | +0.2% | ~100% | 1.7200% | Verified |
| 2021 | base year | — | ~100% | 1.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -12.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.5% | -1.2% | -4.2% | +5.5% | 2026 | -15.3% | 2022 |
| Assessment Ratio | 100.0% | 96.6% | — | 103.0% | 2023 | 76.7% | 2021 |
| Effective Tax Rate (2025) | 2.1000% | 2.1000% | — | 2.1000% | 2025 | 2.1000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$27,130 | $26,083 | ~$22,877 | $28,023 | 2021 | $23,880 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,249,193 | ~$1,249,193 | ~2.0139% | ~$25,158 | -3.2% |
| 2027 | ~$1,209,677 | ~$1,209,677 | ~1.9814% | ~$23,968 | -6.2% |
| 2028 | ~$1,171,411 | ~$1,171,411 | ~1.9488% | ~$22,829 | -9.2% |
| 2029 | ~$1,134,356 | ~$1,134,356 | ~1.9163% | ~$21,738 | -12.1% |
| 2030 | ~$1,098,473 | ~$1,098,473 | ~1.8837% | ~$20,692 | -14.8% |
| 2026 | ~$1,225,500 | ~$1,225,500 | ~2.0465% | ~$25,080 | -5.0% |
| 2027 | ~$1,164,225 | ~$1,164,225 | ~2.0465% | ~$23,826 | -9.8% |
| 2028 | ~$1,106,014 | ~$1,106,014 | ~2.0465% | ~$22,634 | -14.3% |
| 2029 | ~$1,050,713 | ~$1,050,713 | ~2.0465% | ~$21,503 | -18.5% |
| 2030 | ~$998,177 | ~$998,177 | ~2.0465% | ~$20,428 | -22.6% |
| 2026 | ~$1,274,993 | ~$1,274,993 | ~1.9977% | ~$25,470 | -1.2% |
| 2027 | ~$1,260,161 | ~$1,260,161 | ~1.9488% | ~$24,559 | -2.3% |
| 2028 | ~$1,245,501 | ~$1,245,501 | ~1.9000% | ~$23,665 | -3.4% |
| 2029 | ~$1,231,012 | ~$1,231,012 | ~1.8512% | ~$22,788 | -4.6% |
| 2030 | ~$1,216,692 | ~$1,216,692 | ~1.8024% | ~$21,929 | -5.7% |
In 2025, this property's market value of $1,290,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -9% 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 | $1,290,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,280,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,243,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,243,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,467,000 | $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.