318 E 5 ST TX 78701
| Owner | HART MARGARET WOLF & |
|---|---|
| Parcel ID | 0206031617 |
| Short ID | 194500 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 1,390 SF |
| Land SF | 1,398 SF |
| Acres | 0.032 |
| Year Built | 1920 |
| Legal | LOT 4 *LESS 4490 SQ FT BLOCK 058 ORIGINAL CITY |
| Neighborhood | 96EVNT |
| Land | $531,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $531,240 |
| Improvement | $89,222 |
|---|---|
| Total Improvement | $89,222 |
| Market | $620,462 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $620,462 |
| Value Limitation Adjustment (−) (homestead cap) | −$56,462 |
| Net Appraised (assessed) | $564,000 |
| Taxable Value | $564,000 |
|---|
Appreciation: Market value has risen +58.7% from $391,000 (2021) to $620,462 (2025), a CAGR of 12.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 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 $11,542. Austin ISD is the largest single contributor, at 45.1% of the total 2025 levy.
Assessment Gap: Assessed value ($564,000) is $56,462 below market value, suggesting potential for an upward assessment in future years.
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 86% of market value ($531,240 land vs $89,222 improvements), about $380/SF of land. With value concentrated in the land under a ~106-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 $620,462, this parcel sits in the bottom quartile (<25th 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 +12.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,105,066 by 2030, with an estimated annual tax burden around $17,111. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,390 SF | ✓ |
| SO | Sketch Only | 128 SF | ✗ |
Market value changed by 96% 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% | $4,915.04 | $4,915.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,783.79 | $2,783.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,996.64 | $1,996.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $626.99 | $626.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $549.30 | $549.30 | Paid |
| P2U | — | — | — | — | — | — | $28.90 | $28.90 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,900.66 | $10,900.66 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $531,241 | $620,462 | -14.4% |
| Assessed Value | $531,241 | $564,000 | -5.8% |
| Land Value | $1,118,400 | $531,240 | +110.5% |
| Improvement Value | — | $89,222 | — |
| Taxable Value | $531,241 | $564,000 | -5.8% |
| Total Tax 2026 = estimate |
~$10,872
Estimated
|
~$10,901
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,213,497 | $531,241 | -682,256 (-56.2%) |
| Taxable Value | $637,489 | $531,241 | -106,248 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $531,241 | $1,118,400 | — | — | $531,241 | $531,241 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $620,462 | $531,240 | $89,222 | −$56,462 | $564,000 | $564,000 | ~$10,901 | Partial |
| 2024 | $470,000 | — | — | — | $470,000 | $— | $9,315 | Verified |
| 2023 | $366,346 | — | — | — | $531,240 ! | $— | $8,503 | Verified |
| 2022 | $366,346 | — | — | — | $366,346 | $— | $7,235 | Verified |
| 2021 | $391,000 | — | — | −$37,716 | $353,284 | $— | $7,974 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +95.6% ! | +13.0% | 52.5% | Not available | Partial |
| 2025 | +0.1% | +0.0% | 90.9% | Not available | Partial |
| 2024 | -0.3% | -9.3% | 91.0% | 1.5000% | Verified |
| 2023 | +4.2% | +4.2% | ~100% | 1.3700% | Verified |
| 2022 | +8.3% | +8.3% | ~100% | 1.2100% | Verified |
| 2021 | base year | — | ~100% | 2.0400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.4% | +7.9% | +16.0% | +32.0% | 2025 | -14.4% | 2026 |
| Assessment Ratio | 100.0% | 104.4% | — | 145.0% | 2023 | 90.4% | 2021 |
| Effective Tax Rate (2025) | 1.7600% | 1.7600% | — | 1.7600% | 2025 | 1.7600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,901 | $8,786 | ~$14,716 | $10,901 | 2025 | $7,235 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$696,386 | ~$620,400 | ~2.0139% | ~$12,494 | +12.2% |
| 2027 | ~$781,600 | ~$682,440 | ~1.9814% | ~$13,522 | +26.0% |
| 2028 | ~$877,241 | ~$750,684 | ~1.9488% | ~$14,630 | +41.4% |
| 2029 | ~$984,586 | ~$825,752 | ~1.9163% | ~$15,824 | +58.7% |
| 2030 | ~$1,105,066 | ~$908,328 | ~1.8837% | ~$17,111 | +78.1% |
| 2026 | ~$683,976 | ~$620,400 | ~2.0465% | ~$12,696 | +10.2% |
| 2027 | ~$753,992 | ~$682,440 | ~2.0465% | ~$13,966 | +21.5% |
| 2028 | ~$831,176 | ~$750,684 | ~2.0465% | ~$15,363 | +34.0% |
| 2029 | ~$916,260 | ~$825,752 | ~2.0465% | ~$16,899 | +47.7% |
| 2030 | ~$1,010,054 | ~$908,328 | ~2.0465% | ~$18,589 | +62.8% |
| 2026 | ~$708,795 | ~$620,400 | ~1.9977% | ~$12,393 | +14.2% |
| 2027 | ~$809,703 | ~$682,440 | ~1.9488% | ~$13,300 | +30.5% |
| 2028 | ~$924,978 | ~$750,684 | ~1.9000% | ~$14,263 | +49.1% |
| 2029 | ~$1,056,663 | ~$825,752 | ~1.8512% | ~$15,286 | +70.3% |
| 2030 | ~$1,207,097 | ~$908,328 | ~1.8024% | ~$16,371 | +94.5% |
In 2025, this property's market value of $620,462 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -56% 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 | $620,462 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $470,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $366,346 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $366,346 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $391,000 | $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.