1512 E 6 ST TX 78702
| Owner | LP 1512 LLC |
|---|---|
| Parcel ID | 0205071409 |
| Short ID | 193035 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 2,060 SF |
| Land SF | 6,300 SF |
| Acres | 0.145 |
| Year Built | 1941 |
| Legal | LOT 7 BLK 2 OLT 4 DIVISION A |
| Neighborhood | 31CEN |
| Land | $1,102,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,102,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,015,273 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,015,273 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,015,273 |
| Taxable Value | $1,015,273 |
|---|
Appreciation: Market value has risen +14.3% from $888,224 (2021) to $1,015,273 (2025), a CAGR of 3.4% over 4 years. Growth has been relatively flat for this asset class. 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 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 $20,777. 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 109% of market value ($1,102,500 land vs $0 improvements), about $175/SF of land. With value concentrated in the land under a ~85-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 $1,015,273, 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 +3.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,199,936 by 2030, with an estimated annual tax burden around $22,604. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,060 SF | ✓ |
| 551 | PAVED AREA | 1,440 SF | ✗ |
| 611 | TERRACE | 49 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 36 SF | ✗ |
| 122 | WATER/SEWER AVG | 1 SF | ✓ |
| 251 | BATHROOM | 1 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% | $9,393.31 | $9,393.31 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,320.20 | $5,320.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,815.85 | $3,815.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,198.26 | $1,198.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,049.79 | $1,049.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,777.41 | $20,777.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,123,664 | $1,015,273 | +10.7% |
| Assessed Value | $1,123,664 | $1,015,273 | +10.7% |
| Land Value | $1,102,500 | $1,102,500 | +0.0% |
| Improvement Value | $21,164 | — | — |
| Taxable Value | $1,123,664 | $1,015,273 | +10.7% |
| Total Tax 2026 = estimate |
~$22,996
Estimated
|
~$20,777
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,144,828 | $1,123,664 | -21,164 (-1.8%) |
| Taxable Value | $1,144,828 | $1,123,664 | -21,164 (-1.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,123,664 | $1,102,500 | $21,164 | — | $1,123,664 | $1,123,664 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,015,273 | $1,102,500 | — | — | $1,015,273 | $1,015,273 | ~$20,777 | Partial |
| 2024 | $955,000 | — | — | — | — | $— | $19,117 | Verified |
| 2023 | $822,068 | — | — | — | — | $— | $17,278 | Verified |
| 2022 | $785,754 | — | — | — | — | $— | $16,235 | Verified |
| 2021 | $888,224 | — | — | — | — | $— | $17,103 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.8% | +12.8% | ~100% | Not available | Partial |
| 2025 | -11.2% | -11.2% | ~100% | Not available | Partial |
| 2024 | +19.7% | +19.7% | ~100% | 1.6700% | Verified |
| 2023 | +16.2% | +16.2% | ~100% | 1.8100% | Verified |
| 2022 | +4.6% | +4.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.7% | +5.3% | +1.4% | +16.2% | 2024 | -11.5% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$20,777 | $18,102 | ~$21,873 | $20,777 | 2025 | $16,235 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,049,779 | ~$1,049,779 | ~2.0139% | ~$21,142 | +3.4% |
| 2027 | ~$1,085,458 | ~$1,085,458 | ~1.9814% | ~$21,507 | +6.9% |
| 2028 | ~$1,122,349 | ~$1,122,349 | ~1.9488% | ~$21,873 | +10.5% |
| 2029 | ~$1,160,495 | ~$1,160,495 | ~1.9163% | ~$22,238 | +14.3% |
| 2030 | ~$1,199,936 | ~$1,199,936 | ~1.8837% | ~$22,604 | +18.2% |
| 2026 | ~$1,029,474 | ~$1,029,474 | ~2.0465% | ~$21,068 | +1.4% |
| 2027 | ~$1,043,873 | ~$1,043,873 | ~2.0465% | ~$21,363 | +2.8% |
| 2028 | ~$1,058,474 | ~$1,058,474 | ~2.0465% | ~$21,662 | +4.3% |
| 2029 | ~$1,073,278 | ~$1,073,278 | ~2.0465% | ~$21,964 | +5.7% |
| 2030 | ~$1,088,290 | ~$1,088,290 | ~2.0465% | ~$22,272 | +7.2% |
| 2026 | ~$1,070,085 | ~$1,070,085 | ~1.9977% | ~$21,377 | +5.4% |
| 2027 | ~$1,127,855 | ~$1,127,855 | ~1.9488% | ~$21,980 | +11.1% |
| 2028 | ~$1,188,745 | ~$1,188,745 | ~1.9000% | ~$22,586 | +17.1% |
| 2029 | ~$1,252,922 | ~$1,252,922 | ~1.8512% | ~$23,194 | +23.4% |
| 2030 | ~$1,320,563 | ~$1,320,563 | ~1.8024% | ~$23,801 | +30.1% |
In 2025, this property's market value of $1,015,273 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -28% 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 | $1,015,273 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $955,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $822,068 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $785,754 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $888,224 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.