120 E 5 ST TX 78701
| Owner | AFIAA 501 CONGRESS LLC |
|---|---|
| Parcel ID | 0206030613 |
| Short ID | 194400 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 43,500 SF |
| Land SF | 15,640 SF |
| Acres | 0.359 |
| Year Built | 2014 |
| Legal | LOT 11&12 BLOCK 056 ORIGINAL CITY (TOTAL SQ FT 15640) PLUS VAC ALLEY |
| Neighborhood | 87004 |
| Land | $10,166,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,166,000 |
| Improvement | $5,966,150 |
|---|---|
| Total Improvement | $5,966,150 |
| Market | $16,132,150 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $16,132,150 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $16,132,150 |
| Taxable Value | $16,132,150 |
|---|
Appreciation: Market value has risen +10.8% from $14,557,958 (2021) to $16,132,150 (2025), a CAGR of 2.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $330,142. Austin ISD is the largest single contributor, at 43.2% 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 63% of market value ($10,166,000 land vs $5,966,150 improvements), about $650/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $16,132,150, 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 +2.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,341,379 by 2030, with an estimated annual tax burden around $345,504. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 43,500 SF | ✓ |
| BELOW | Below | 16,730 SF | ✓ |
| 1ST | 1st Floor | 14,500 SF | ✓ |
| 2ND | 2nd Floor | 14,500 SF | ✓ |
| 3RD | 3rd Floor | 14,500 SF | ✓ |
| 4TH | 4th Floor | 14,500 SF | ✓ |
| 5TH | 5th Floor | 14,500 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% | $149,254.65 | $149,254.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $84,535.21 | $84,535.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $60,631.88 | $60,631.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $19,039.65 | $19,039.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16,680.64 | $16,680.64 | Paid |
| P2U | — | — | — | — | — | — | $14,459.74 | $14,459.74 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $345,101.77 | $345,101.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $24,821,802 | $16,132,150 | +53.9% |
| Assessed Value | $24,821,802 | $16,132,150 | +53.9% |
| Land Value | $18,768,000 | $10,166,000 | +84.6% |
| Improvement Value | $6,053,802 | $5,966,150 | +1.5% |
| Taxable Value | $24,821,802 | $16,132,150 | +53.9% |
| Total Tax 2026 = estimate |
~$507,974
Estimated
|
~$345,102
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $24,821,802 | $24,821,802 | +0 (+0.0%) |
| Taxable Value | $24,821,802 | $24,821,802 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $24,821,802 | $18,768,000 | $6,053,802 | — | $24,821,802 | $24,821,802 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $16,132,150 | $10,166,000 | $5,966,150 | — | $16,132,150 | $16,132,150 | ~$345,102 | Partial |
| 2024 | $16,160,758 | — | — | −$5,994,758 | $10,166,000 | $— | $333,926 | Verified |
| 2023 | $16,160,758 | — | — | −$5,486,458 | $10,674,300 | $— | $307,374 | Verified |
| 2022 | $15,870,811 | — | — | −$5,196,511 | $10,674,300 | $— | $335,323 | Verified |
| 2021 | $14,557,958 | — | — | −$3,883,658 | $10,674,300 | $— | $361,327 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +53.9% | +53.9% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | 2.0700% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.9000% | Verified |
| 2022 | +1.8% | +1.8% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.4800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +53.9% | +12.9% | -4.6% | +53.9% | 2026 | -0.2% | 2025 |
| Assessment Ratio | 100.0% | 78.3% | — | 100.0% | 2025 | 62.9% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$345,102 | $336,611 | ~$339,489 | $361,327 | 2021 | $307,374 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,551,608 | ~$16,551,608 | ~2.0139% | ~$333,339 | +2.6% |
| 2027 | ~$16,981,973 | ~$16,981,973 | ~1.9814% | ~$336,479 | +5.3% |
| 2028 | ~$17,423,528 | ~$17,423,528 | ~1.9488% | ~$339,557 | +8.0% |
| 2029 | ~$17,876,564 | ~$17,876,564 | ~1.9163% | ~$342,567 | +10.8% |
| 2030 | ~$18,341,379 | ~$18,341,379 | ~1.8837% | ~$345,504 | +13.7% |
| 2026 | ~$16,228,965 | ~$16,228,965 | ~2.0465% | ~$332,123 | +0.6% |
| 2027 | ~$16,326,362 | ~$16,326,362 | ~2.0465% | ~$334,117 | +1.2% |
| 2028 | ~$16,424,342 | ~$16,424,342 | ~2.0465% | ~$336,122 | +1.8% |
| 2029 | ~$16,522,911 | ~$16,522,911 | ~2.0465% | ~$338,139 | +2.4% |
| 2030 | ~$16,622,072 | ~$16,622,072 | ~2.0465% | ~$340,168 | +3.0% |
| 2026 | ~$16,874,251 | ~$16,874,251 | ~1.9977% | ~$337,091 | +4.6% |
| 2027 | ~$17,650,490 | ~$17,650,490 | ~1.9488% | ~$343,980 | +9.4% |
| 2028 | ~$18,462,437 | ~$18,462,437 | ~1.9000% | ~$350,789 | +14.4% |
| 2029 | ~$19,311,735 | ~$19,311,735 | ~1.8512% | ~$357,498 | +19.7% |
| 2030 | ~$20,200,101 | ~$20,200,101 | ~1.8024% | ~$364,081 | +25.2% |
In 2025, this property's market value of $16,132,150 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 11× 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 | $16,132,150 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $16,160,758 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $16,160,758 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $15,870,811 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $14,557,958 | $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.