605 BRAZOS ST TX 78617
| Owner | BLUE SCOTTIE LLC |
|---|---|
| Parcel ID | 0206031201 |
| Short ID | 194465 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,174 SF |
| Land SF | 2,974 SF |
| Acres | 0.068 |
| Year Built | 1957 |
| Legal | 0.0683 AC OF LOTS 11-12 BLOCK 068 ORIGINAL CITY (PLUS PART OF VAC ALLEY & STREET) |
| Neighborhood | 96ALL |
| Land | $1,546,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,546,480 |
| Improvement | $163,520 |
|---|---|
| Total Improvement | $163,520 |
| Market | $1,710,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,710,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,710,000 |
| Taxable Value | $1,710,000 |
|---|
Appreciation: Market value has fallen -34.1% from $2,593,371 (2021) to $1,710,000 (2025), a CAGR of -9.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $34,995. Austin ISD is the largest single contributor, at 43.8% 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 90% of market value ($1,546,480 land vs $163,520 improvements), about $520/SF of land. With value concentrated in the land under a ~69-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 $1,710,000, this parcel sits in the upper-middle (50th–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 -9.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,016,039 by 2030, with an estimated annual tax burden around $19,140. 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 |
|---|---|---|---|
| 3RD | 3rd Floor | 2,800 SF | ✓ |
| 1ST | 1st Floor | 2,687 SF | ✓ |
| 2ND | 2nd Floor | 2,687 SF | ✓ |
| 4TH | 4th Floor | 440 SF | ✓ |
| 501 | CANOPY | 113 SF | ✗ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
Market value changed by 104% in 2026, 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% | $15,820.92 | $15,820.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,960.69 | $8,960.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,426.95 | $6,426.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,018.19 | $2,018.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,768.14 | $1,768.14 | Paid |
| P2U | — | — | — | — | — | — | $1,119.25 | $1,119.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $36,114.14 | $36,114.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,710,000 | $1,710,000 | +0.0% |
| Assessed Value | $1,710,000 | $1,710,000 | +0.0% |
| Land Value | $2,379,200 | $1,546,480 | +53.8% |
| Improvement Value | — | $163,520 | — |
| Taxable Value | $1,710,000 | $1,710,000 | +0.0% |
| Total Tax 2026 = estimate |
~$34,995
Estimated
|
~$36,114
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,485,337 | $1,710,000 | -1,775,337 (-50.9%) |
| Taxable Value | $2,052,000 | $1,710,000 | -342,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,710,000 | $2,379,200 | — | — | $1,710,000 | $1,710,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,710,000 | $1,546,480 | $163,520 | — | $1,710,000 | $1,710,000 | ~$36,114 | Partial |
| 2024 | $1,612,800 | — | — | −$66,320 | $1,546,480 | $— | $32,992 | Verified |
| 2023 | $1,612,800 | — | — | −$66,320 | $1,546,480 | $— | $30,209 | Verified |
| 2022 | $1,612,800 | — | — | −$66,320 | $1,546,480 | $— | $32,964 | Verified |
| 2021 | $2,593,371 | — | — | −$1,046,891 | $1,546,480 | $— | $36,218 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +103.8% ! | +20.0% | 58.9% | Not available | Partial |
| 2025 | -32.8% | -11.6% | ~100% | Not available | Partial |
| 2024 | +57.9% | +20.0% | 76.0% | 1.3000% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8700% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.0400% | Verified |
| 2021 | base year | — | ~100% | 1.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -6.4% | -9.9% | +6.0% | 2025 | -37.8% | 2022 |
| Assessment Ratio | 100.0% | 91.2% | — | 100.0% | 2025 | 59.6% | 2021 |
| Effective Tax Rate (2025) | 2.1100% | 2.1100% | — | 2.1100% | 2025 | 2.1100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$36,114 | $33,700 | ~$24,736 | $36,218 | 2021 | $30,209 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,540,916 | ~$1,540,916 | ~2.0139% | ~$31,033 | -9.9% |
| 2027 | ~$1,388,551 | ~$1,388,551 | ~1.9814% | ~$27,513 | -18.8% |
| 2028 | ~$1,251,252 | ~$1,251,252 | ~1.9488% | ~$24,385 | -26.8% |
| 2029 | ~$1,127,529 | ~$1,127,529 | ~1.9163% | ~$21,607 | -34.1% |
| 2030 | ~$1,016,039 | ~$1,016,039 | ~1.8837% | ~$19,140 | -40.6% |
| 2026 | ~$1,624,500 | ~$1,624,500 | ~2.0465% | ~$33,245 | -5.0% |
| 2027 | ~$1,543,275 | ~$1,543,275 | ~2.0465% | ~$31,583 | -9.8% |
| 2028 | ~$1,466,111 | ~$1,466,111 | ~2.0465% | ~$30,004 | -14.3% |
| 2029 | ~$1,392,806 | ~$1,392,806 | ~2.0465% | ~$28,504 | -18.5% |
| 2030 | ~$1,323,165 | ~$1,323,165 | ~2.0465% | ~$27,078 | -22.6% |
| 2026 | ~$1,575,116 | ~$1,575,116 | ~1.9977% | ~$31,465 | -7.9% |
| 2027 | ~$1,450,872 | ~$1,450,872 | ~1.9488% | ~$28,275 | -15.2% |
| 2028 | ~$1,336,428 | ~$1,336,428 | ~1.9000% | ~$25,392 | -21.8% |
| 2029 | ~$1,231,011 | ~$1,231,011 | ~1.8512% | ~$22,788 | -28.0% |
| 2030 | ~$1,133,909 | ~$1,133,909 | ~1.8024% | ~$20,437 | -33.7% |
In 2025, this property's market value of $1,710,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +21% above 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 | $1,710,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,612,800 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,612,800 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,612,800 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,593,371 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.