617 COLORADO ST TX 78701
| Owner | 617 COLORADO STREET PROPERTY LLC |
|---|---|
| Parcel ID | 0206030216 |
| Short ID | 194358 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 132,655 SF |
| Land SF | 10,004 SF |
| Acres | 0.230 |
| Year Built | 2022 |
| Legal | LOT A ONE AMERICAN ADDN SECOND AMENDED PLAT |
| Neighborhood | 1CBDC |
| Land | $6,402,560 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,402,560 |
| Improvement | $49,537,821 |
|---|---|
| Total Improvement | $49,537,821 |
| Market | $55,940,381 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $55,940,381 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $55,940,381 |
| Taxable Value | $55,940,381 |
|---|
Appreciation: Market value has risen +2939.0% from $1,840,736 (2021) to $55,940,381 (2025), a CAGR of 134.8% 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 Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant 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 $1,144,812. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Asset Class: Land / Vacant. 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 11% of market value ($6,402,560 land vs $49,537,821 improvements), about $640/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $55,940,381, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +134.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,991,561,383 by 2030, with an estimated annual tax burden around $1,697,112. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 132,655 SF | ✓ |
| 187 | PARKING GARAGE | 60,000 SF | ✓ |
| 601 | POOL COMM'L | 450 SF | ✗ |
Market value changed by 2051% 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% | $496,018.22 | $496,018.22 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $280,935.99 | $280,935.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $201,498.02 | $201,498.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $63,274.49 | $63,274.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $55,434.81 | $55,434.81 | Paid |
| P2U | — | — | — | — | — | — | $49,128.60 | $49,128.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,146,290.13 | $1,146,290.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $57,269,104 | $55,940,381 | +2.4% |
| Assessed Value | $57,269,104 | $55,940,381 | +2.4% |
| Land Value | $8,003,200 | $6,402,560 | +25.0% |
| Improvement Value | $49,265,904 | $49,537,821 | -0.5% |
| Taxable Value | $57,269,104 | $55,940,381 | +2.4% |
| Total Tax 2026 = estimate |
~$1,172,004
Estimated
|
~$1,146,290
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $71,365,828 | $57,269,104 | -14,096,724 (-19.8%) |
| Taxable Value | $71,365,828 | $57,269,104 | -14,096,724 (-19.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $57,269,104 | $8,003,200 | $49,265,904 | — | $57,269,104 | $57,269,104 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $55,940,381 | $6,402,560 | $49,537,821 | — | $55,940,381 | $55,940,381 | ~$1,146,290 | Partial |
| 2024 | $50,343,601 | — | — | −$43,941,041 | $6,402,560 | $— | $1,493,259 | Verified |
| 2023 | $2,340,736 | — | — | −$500,000 | $1,840,736 | $— | $956,945 | Verified |
| 2022 | $— | — | — | — | $1,840,736 | $— | $48,068 | Verified |
| 2021 | $1,840,736 | — | — | — | $1,840,736 | $— | $41,408 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.6% | +27.6% | ~100% | Not available | Partial |
| 2025 | -22.3% | -22.3% | ~100% | Not available | Partial |
| 2024 | +43.0% | +43.0% | ~100% | 2.0700% | Verified |
| 2023 | +2050.8% ! | +2050.8% | ~100% | 1.9000% | Verified |
| 2022 | +27.2% | +27.2% | ~100% | 2.0500% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2939.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.4% | +522.9% | +133.7% | +2050.8% | 2024 | +2.4% | 2026 |
| Assessment Ratio | 100.0% | 78.3% | — | 100.0% | 2021 | 12.7% | 2024 |
| 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 |
$1,146,290 | $909,476 | ~$1,459,613 | $1,493,259 | 2024 | $41,408 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$131,343,595 | ~$61,534,419 | ~2.0139% | ~$1,239,264 | +134.8% |
| 2027 | ~$308,384,383 | ~$67,687,861 | ~1.9814% | ~$1,341,159 | +451.3% |
| 2028 | ~$724,062,166 | ~$74,456,647 | ~1.9488% | ~$1,451,041 | +1194.3% |
| 2029 | ~$1,700,040,759 | ~$81,902,312 | ~1.9163% | ~$1,569,487 | +2939.0% |
| 2030 | ~$3,991,561,383 | ~$90,092,543 | ~1.8837% | ~$1,697,112 | +7035.4% |
| 2026 | ~$130,224,787 | ~$61,534,419 | ~2.0465% | ~$1,259,293 | +132.8% |
| 2027 | ~$303,153,016 | ~$67,687,861 | ~2.0465% | ~$1,385,222 | +441.9% |
| 2028 | ~$705,716,268 | ~$74,456,647 | ~2.0465% | ~$1,523,744 | +1161.6% |
| 2029 | ~$1,642,851,714 | ~$81,902,312 | ~2.0465% | ~$1,676,119 | +2836.8% |
| 2030 | ~$3,824,428,990 | ~$90,092,543 | ~2.0465% | ~$1,843,730 | +6736.6% |
| 2026 | ~$132,462,402 | ~$61,534,419 | ~1.9977% | ~$1,229,250 | +136.8% |
| 2027 | ~$313,660,503 | ~$67,687,861 | ~1.9488% | ~$1,319,128 | +460.7% |
| 2028 | ~$742,723,289 | ~$74,456,647 | ~1.9000% | ~$1,414,689 | +1227.7% |
| 2029 | ~$1,758,710,067 | ~$81,902,312 | ~1.8512% | ~$1,516,171 | +3043.9% |
| 2030 | ~$4,164,486,483 | ~$90,092,543 | ~1.8024% | ~$1,623,802 | +7344.5% |
In 2025, this property's market value of $55,940,381 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 658× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $55,940,381 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $50,343,601 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $2,340,736 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $1,840,736 | $6,000 | $14,480 | $80,000 | ↑ 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.