1111 E 11 ST 2 TX 78702
| Owner | COCOONHIVE LLC |
|---|---|
| Parcel ID | 0205071503 |
| Short ID | 725943 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 1,199 SF |
| Land SF | 1,370 SF |
| Acres | 0.031 |
| Year Built | 2007 |
| Legal | UNT 2 1111 STREET CONDOMINIUM AMENDED PLUS 18.48 % INT IN COM AREA |
| Neighborhood | 24EC03 |
| Land | $143,861 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $143,861 |
| Improvement | $663,208 |
|---|---|
| Total Improvement | $663,208 |
| Market | $807,069 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $807,069 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $807,069 |
| Taxable Value | $807,069 |
|---|
Appreciation: Market value has risen +74.1% from $463,600 (2021) to $807,069 (2025), a CAGR of 14.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $16,517. 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 18% of market value ($143,861 land vs $663,208 improvements), about $105/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $807,069, 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 +14.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,613,874 by 2030, with an estimated annual tax burden around $24,485. 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 | 1,199 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% | $7,467.00 | $7,467.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,229.18 | $4,229.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,033.33 | $3,033.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $952.53 | $952.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $834.51 | $834.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,516.55 | $16,516.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $720,000 | $807,069 | -10.8% |
| Assessed Value | $720,000 | $807,069 | -10.8% |
| Land Value | $143,861 | $143,861 | +0.0% |
| Improvement Value | $576,139 | $663,208 | -13.1% |
| Taxable Value | $720,000 | $807,069 | -10.8% |
| Total Tax 2026 = estimate |
~$14,735
Estimated
|
~$16,517
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $871,117 | $720,000 | -151,117 (-17.3%) |
| Taxable Value | $871,117 | $720,000 | -151,117 (-17.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $720,000 | $143,861 | $576,139 | — | $720,000 | $720,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $807,069 | $143,861 | $663,208 | — | $807,069 | $807,069 | ~$16,517 | Partial |
| 2024 | $645,072 | — | — | −$501,211 | $143,861 | $— | $15,084 | Verified |
| 2023 | $557,800 | — | — | −$413,939 | $143,861 | $— | $11,671 | Verified |
| 2022 | $416,500 | — | — | −$272,639 | $143,861 | $— | $11,016 | Verified |
| 2021 | $463,600 | — | — | −$381,394 | $82,206 | $— | $9,066 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.9% | +7.9% | ~100% | Not available | Partial |
| 2025 | +6.0% | +6.0% | ~100% | Not available | Partial |
| 2024 | +10.9% | +10.9% | ~100% | 1.9800% | Verified |
| 2023 | +23.0% | +23.0% | ~100% | 1.7000% | Verified |
| 2022 | +33.9% | +33.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +93.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.8% | +10.7% | +17.6% | +33.9% | 2023 | -10.8% | 2026 |
| Assessment Ratio | 100.0% | 50.1% | — | 100.0% | 2025 | 17.7% | 2021 |
| 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 |
$16,517 | $12,671 | ~$21,058 | $16,517 | 2025 | $9,066 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$927,049 | ~$887,776 | ~2.0139% | ~$17,879 | +14.9% |
| 2027 | ~$1,064,864 | ~$976,553 | ~1.9814% | ~$19,349 | +31.9% |
| 2028 | ~$1,223,168 | ~$1,074,209 | ~1.9488% | ~$20,935 | +51.6% |
| 2029 | ~$1,405,005 | ~$1,181,630 | ~1.9163% | ~$22,643 | +74.1% |
| 2030 | ~$1,613,874 | ~$1,299,793 | ~1.8837% | ~$24,485 | +100.0% |
| 2026 | ~$910,907 | ~$887,776 | ~2.0465% | ~$18,168 | +12.9% |
| 2027 | ~$1,028,105 | ~$976,553 | ~2.0465% | ~$19,985 | +27.4% |
| 2028 | ~$1,160,382 | ~$1,074,209 | ~2.0465% | ~$21,984 | +43.8% |
| 2029 | ~$1,309,678 | ~$1,181,630 | ~2.0465% | ~$24,182 | +62.3% |
| 2030 | ~$1,478,182 | ~$1,299,793 | ~2.0465% | ~$26,600 | +83.2% |
| 2026 | ~$943,190 | ~$887,776 | ~1.9977% | ~$17,735 | +16.9% |
| 2027 | ~$1,102,269 | ~$976,553 | ~1.9488% | ~$19,031 | +36.6% |
| 2028 | ~$1,288,179 | ~$1,074,209 | ~1.9000% | ~$20,410 | +59.6% |
| 2029 | ~$1,505,444 | ~$1,181,630 | ~1.8512% | ~$21,874 | +86.5% |
| 2030 | ~$1,759,353 | ~$1,299,793 | ~1.8024% | ~$23,427 | +118.0% |
In 2025, this property's market value of $807,069 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -43% 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 | $807,069 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $645,072 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $557,800 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $416,500 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $463,600 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.