216 E 4 ST TX 78701
| Owner | 204 EAST 4TH ST GROUND OWNER LLC |
|---|---|
| Parcel ID | 0205021212 |
| Short ID | 192853 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 17,100 SF |
| Land SF | 17,664 SF |
| Acres | 0.406 |
| Year Built | 2003 |
| Legal | LOT 4-6 BLOCK 041 ORIGINAL CITY |
| Neighborhood | 52CBD |
| Land | $22,963,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $22,963,200 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $18,009,594 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,009,594 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,009,594 |
| Taxable Value | $18,009,594 |
|---|
Appreciation: Market value has risen +71.5% from $10,500,000 (2021) to $18,009,594 (2025), a CAGR of 14.4% 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 $368,564. 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 128% of market value ($22,963,200 land vs $0 improvements), about $1,300/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $18,009,594, 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 +14.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $35,350,634 by 2030, with an estimated annual tax burden around $546,373. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 8,500 SF | ✗ |
| 1ST | 1st Floor | 5,700 SF | ✓ |
| 2ND | 2nd Floor | 5,700 SF | ✓ |
| 3RD | 3rd Floor | 5,700 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +8,360 |
| Travis County | 0.3444% | 0.3758% | +5,655 |
| Austin ISD | 0.9505% | 0.9252% | -4,556 |
| Travis Central Health | 0.1080% | 0.1180% | +1,811 |
| Austin Community College | 0.1013% | 0.1034% | +378 |
Market value changed by 97% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $166,624.76 | $125,741.11 | $40,883.65 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $94,373.33 | $71,217.55 | $23,155.78 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $67,688.16 | $51,079.95 | $16,608.21 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,255.46 | $16,040.14 | $5,215.32 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,621.92 | $14,052.78 | $4,569.14 |
| P2U | — | — | — | — | — | — | $16,196.37 | $12,222.37 | $3,974.00 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $384,760.00 | $290,353.90 | $94,406.10 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,945,651 | $18,009,594 | +21.9% |
| Assessed Value | $21,945,651 | $18,009,594 | +21.9% |
| Land Value | $24,729,600 | $22,963,200 | +7.7% |
| Improvement Value | — | — | — |
| Taxable Value | $21,945,651 | $18,009,594 | +21.9% |
| Total Tax 2026 = estimate |
~$449,114
Estimated
|
$384,760 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $25,478,451 | $21,945,651 | -3,532,800 (-13.9%) |
| Taxable Value | $25,478,451 | $21,945,651 | -3,532,800 (-13.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,945,651 | $24,729,600 | — | — | $21,945,651 | $21,945,651 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,009,594 | $22,963,200 | — | — | $18,009,594 | $18,009,594 | $384,760 | Verified |
| 2024 | $18,009,594 | — | — | — | $18,009,594 | $— | $373,113 | Verified |
| 2023 | $12,025,184 | — | — | — | $22,963,200 ! | $— | $347,256 | Verified |
| 2022 | $11,400,733 | — | — | — | $11,481,600 ! | $— | $249,013 | Verified |
| 2021 | $10,500,000 | — | — | — | $10,907,520 ! | $— | $259,058 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +41.5% | +41.5% | ~100% | Not available | Partial |
| 2025 | -23.8% | -23.8% | ~100% | 2.1400% | Verified |
| 2024 | -0.0% | -0.0% | ~100% | 1.5800% | Verified |
| 2023 | +96.7% ! | +96.7% | ~100% | 1.4700% | Verified |
| 2022 | +5.5% | +5.5% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.4700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +21.9% | +17.2% | +10.3% | +49.8% | 2024 | +0.0% | 2025 |
| Assessment Ratio | 100.0% | 115.9% | — | 191.0% | 2023 | 100.0% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
| Tax Amount | $384,760 | $322,640 | ~$469,912 | $384,760 | 2025 | $249,013 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$20,610,218 | ~$19,810,553 | ~2.0139% | ~$398,972 | +14.4% |
| 2027 | ~$23,586,377 | ~$21,791,609 | ~1.9814% | ~$431,776 | +31.0% |
| 2028 | ~$26,992,300 | ~$23,970,770 | ~1.9488% | ~$467,152 | +49.9% |
| 2029 | ~$30,890,045 | ~$26,367,847 | ~1.9163% | ~$505,285 | +71.5% |
| 2030 | ~$35,350,634 | ~$29,004,631 | ~1.8837% | ~$546,373 | +96.3% |
| 2026 | ~$20,250,026 | ~$19,810,553 | ~2.0465% | ~$405,420 | +12.4% |
| 2027 | ~$22,769,172 | ~$21,791,609 | ~2.0465% | ~$445,962 | +26.4% |
| 2028 | ~$25,601,705 | ~$23,970,770 | ~2.0465% | ~$490,558 | +42.2% |
| 2029 | ~$28,786,612 | ~$26,367,847 | ~2.0465% | ~$539,614 | +59.8% |
| 2030 | ~$32,367,728 | ~$29,004,631 | ~2.0465% | ~$593,575 | +79.7% |
| 2026 | ~$20,970,410 | ~$19,810,553 | ~1.9977% | ~$395,748 | +16.4% |
| 2027 | ~$24,417,989 | ~$21,791,609 | ~1.9488% | ~$424,683 | +35.6% |
| 2028 | ~$28,432,359 | ~$23,970,770 | ~1.9000% | ~$455,449 | +57.9% |
| 2029 | ~$33,106,699 | ~$26,367,847 | ~1.8512% | ~$488,120 | +83.8% |
| 2030 | ~$38,549,511 | ~$29,004,631 | ~1.8024% | ~$522,771 | +114.0% |
In 2025, this property's market value of $18,009,594 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 13× 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 | $18,009,594 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $18,009,594 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,025,184 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $11,400,733 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,500,000 | $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.