501 BRAZOS ST HOTEL 78701
| Owner | 5TH & BRAZOS PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0206032703 |
| Short ID | 958916 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 237,049 SF |
| Land SF | 13,010 SF |
| Acres | 0.299 |
| Year Built | 2020 |
| Legal | 5TH & BRAZOS CONDOMINIUM UNT HOTEL UNIT 34.75%INT IN COMMON AREA |
| Neighborhood | CBD |
| Land | $6,505,140 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,505,140 |
| Improvement | $63,090,480 |
|---|---|
| Total Improvement | $63,090,480 |
| Market | $69,595,620 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,595,620 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,595,620 |
| Taxable Value | $69,595,620 |
|---|
Appreciation: Market value has fallen -2.0% from $71,000,000 (2023) to $69,595,620 (2025), a CAGR of -1.0% over 2 years. Growth has been relatively flat for this asset class. 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 +0.2%, 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 $1,424,264. Austin ISD is the largest single contributor, at 43.3% 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 9% of market value ($6,505,140 land vs $63,090,480 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $69,595,620, 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 -1.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $66,205,003 by 2030, with an estimated annual tax burden around $1,247,132. 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 | 237,049 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% | $624,510.00 | $624,510.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $353,711.48 | $353,711.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $253,695.38 | $253,695.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $79,665.53 | $79,665.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $69,795.00 | $69,795.00 | Paid |
| P2U | — | — | — | — | — | — | $61,975.00 | $61,975.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,443,352.39 | $1,443,352.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $67,500,000 | $69,595,620 | -3.0% |
| Assessed Value | $67,500,000 | $69,595,620 | -3.0% |
| Land Value | $18,214,392 | $6,505,140 | +180.0% |
| Improvement Value | $49,285,608 | $63,090,480 | -21.9% |
| Taxable Value | $67,500,000 | $69,595,620 | -3.0% |
| Total Tax 2026 = estimate |
~$1,381,377
Estimated
|
~$1,443,352
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $76,639,819 | $67,500,000 | -9,139,819 (-11.9%) |
| Taxable Value | $76,639,819 | $67,500,000 | -9,139,819 (-11.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $67,500,000 | $18,214,392 | $49,285,608 | — | $67,500,000 | $67,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,595,620 | $6,505,140 | $63,090,480 | — | $69,595,620 | $69,595,620 | ~$1,443,352 | Partial |
| 2024 | $86,000,000 | — | — | −$79,494,860 | $6,505,140 | $— | $1,630,503 | Verified |
| 2023 | $71,000,000 | — | — | −$64,850,555 | $6,149,445 | $— | $1,645,404 | Verified |
| 2022 | $— | — | — | — | $6,149,445 | $— | $1,477,383 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.1% | +10.1% | ~100% | Not available | Partial |
| 2025 | -23.2% | -23.2% | ~100% | Not available | Partial |
| 2024 | -6.1% | -6.1% | ~100% | 1.8000% | Verified |
| 2023 | +27.4% | +27.4% | ~100% | 1.7000% | Verified |
| 2022 | base year | — | ~100% | 1.9500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -8.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.0% | -0.3% | -0.4% | +21.1% | 2024 | -19.1% | 2025 |
| Assessment Ratio | 100.0% | 54.1% | — | 100.0% | 2025 | 7.6% | 2024 |
| Effective Tax Rate (2025) | 2.0700% | 2.0700% | — | 2.0700% | 2025 | 2.0700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,443,352 | $1,573,086 | ~$1,316,835 | $1,645,404 | 2023 | $1,443,352 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,903,882 | ~$68,903,882 | ~2.0139% | ~$1,387,680 | -1.0% |
| 2027 | ~$68,219,019 | ~$68,219,019 | ~1.9814% | ~$1,351,683 | -2.0% |
| 2028 | ~$67,540,963 | ~$67,540,963 | ~1.9488% | ~$1,316,265 | -3.0% |
| 2029 | ~$66,869,646 | ~$66,869,646 | ~1.9163% | ~$1,281,417 | -3.9% |
| 2030 | ~$66,205,003 | ~$66,205,003 | ~1.8837% | ~$1,247,132 | -4.9% |
| 2026 | ~$67,511,969 | ~$67,511,969 | ~2.0465% | ~$1,381,622 | -3.0% |
| 2027 | ~$65,490,702 | ~$65,490,702 | ~2.0465% | ~$1,340,257 | -5.9% |
| 2028 | ~$63,529,950 | ~$63,529,950 | ~2.0465% | ~$1,300,131 | -8.7% |
| 2029 | ~$61,627,901 | ~$61,627,901 | ~2.0465% | ~$1,261,206 | -11.4% |
| 2030 | ~$59,782,799 | ~$59,782,799 | ~2.0465% | ~$1,223,446 | -14.1% |
| 2026 | ~$70,295,794 | ~$70,295,794 | ~1.9977% | ~$1,404,273 | +1.0% |
| 2027 | ~$71,003,012 | ~$71,003,012 | ~1.9488% | ~$1,383,735 | +2.0% |
| 2028 | ~$71,717,345 | ~$71,717,345 | ~1.9000% | ~$1,362,642 | +3.0% |
| 2029 | ~$72,438,865 | ~$72,438,865 | ~1.8512% | ~$1,340,984 | +4.1% |
| 2030 | ~$73,167,644 | ~$73,167,644 | ~1.8024% | ~$1,318,753 | +5.1% |
In 2025, this property's market value of $69,595,620 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 49× 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 | $69,595,620 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $86,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $71,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.