518 E 6 ST TX 78701
| Owner | SRPF B/PECAN STREET II LP |
|---|---|
| Parcel ID | 0206040607 |
| Short ID | 194585 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 723 SF |
| Land SF | 2,944 SF |
| Acres | 0.068 |
| Year Built | 2015 |
| Legal | E 23FT OF LOT 3 BLOCK 065 ORIGINAL CITY (TOTAL SQ FT 2944) |
| Neighborhood | 31CBD |
| Land | $1,030,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,030,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $914,350 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $914,350 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $914,350 |
| Taxable Value | $914,350 |
|---|
Appreciation: Market value has risen +24.6% from $733,681 (2021) to $914,350 (2025), a CAGR of 5.7% over 4 years. This represents moderate, steady growth. 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 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 $18,712. 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 113% of market value ($1,030,400 land vs $0 improvements), about $350/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $914,350, this parcel sits in the lower-middle (25th–50th 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 +5.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,203,979 by 2030, with an estimated annual tax burden around $22,680. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 2,940 SF | ✗ |
| 1ST | 1st Floor | 723 SF | ✓ |
| 501 | CANOPY | 400 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% | $8,459.57 | $8,459.57 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,791.35 | $4,791.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,436.54 | $3,436.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,079.14 | $1,079.14 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $945.44 | $945.44 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| P2U | — | — | — | — | — | — | $383.27 | $383.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,595.31 | $19,595.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,193,968 | $914,350 | +30.6% |
| Assessed Value | $1,097,220 | $914,350 | +20.0% |
| Land Value | $1,177,600 | $1,030,400 | +14.3% |
| Improvement Value | $16,368 | — | — |
| Taxable Value | $1,097,220 | $914,350 | +20.0% |
| HS Cap Loss | -$96,748 | — | |
| Total Tax 2026 = estimate |
~$22,454
Estimated
|
~$19,595
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,193,968 | $1,193,968 | +0 (+0.0%) |
| Taxable Value | $1,097,220 | $1,097,220 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,193,968 | $1,177,600 | $16,368 | −$96,748 | $1,097,220 | $1,097,220 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $914,350 | $1,030,400 | — | — | $914,350 | $914,350 | ~$19,595 | Partial |
| 2024 | $914,413 | — | — | — | — | $— | $18,684 | Verified |
| 2023 | $905,487 | — | — | — | — | $— | $17,427 | Verified |
| 2022 | $906,702 | — | — | — | — | $— | $18,788 | Verified |
| 2021 | $733,681 | — | — | — | $883,200 ! | $— | $20,643 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +30.6% | +20.0% | 91.9% | Not available | Partial |
| 2025 | +1.7% | +1.7% | ~100% | Not available | Partial |
| 2024 | -1.7% | -1.7% | ~100% | 2.0800% | Verified |
| 2023 | +1.0% | +1.0% | ~100% | 1.9100% | Verified |
| 2022 | -0.1% | -0.1% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.8100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +30.6% | +11.0% | +0.7% | +30.6% | 2026 | -0.1% | 2023 |
| Assessment Ratio | 91.9% | 104.1% | — | 120.4% | 2021 | 91.9% | 2026 |
| 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 |
$19,595 | $19,028 | ~$21,043 | $20,643 | 2021 | $17,427 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$966,082 | ~$966,082 | ~2.0139% | ~$19,456 | +5.7% |
| 2027 | ~$1,020,740 | ~$1,020,740 | ~1.9814% | ~$20,225 | +11.6% |
| 2028 | ~$1,078,491 | ~$1,078,491 | ~1.9488% | ~$21,018 | +18.0% |
| 2029 | ~$1,139,509 | ~$1,139,509 | ~1.9163% | ~$21,836 | +24.6% |
| 2030 | ~$1,203,979 | ~$1,203,979 | ~1.8837% | ~$22,680 | +31.7% |
| 2026 | ~$947,795 | ~$947,795 | ~2.0465% | ~$19,396 | +3.7% |
| 2027 | ~$982,462 | ~$982,462 | ~2.0465% | ~$20,106 | +7.4% |
| 2028 | ~$1,018,398 | ~$1,018,398 | ~2.0465% | ~$20,841 | +11.4% |
| 2029 | ~$1,055,649 | ~$1,055,649 | ~2.0465% | ~$21,604 | +15.5% |
| 2030 | ~$1,094,261 | ~$1,094,261 | ~2.0465% | ~$22,394 | +19.7% |
| 2026 | ~$984,369 | ~$984,369 | ~1.9977% | ~$19,664 | +7.7% |
| 2027 | ~$1,059,749 | ~$1,059,749 | ~1.9488% | ~$20,653 | +15.9% |
| 2028 | ~$1,140,902 | ~$1,140,902 | ~1.9000% | ~$21,677 | +24.8% |
| 2029 | ~$1,228,269 | ~$1,228,269 | ~1.8512% | ~$22,738 | +34.3% |
| 2030 | ~$1,322,326 | ~$1,322,326 | ~1.8024% | ~$23,833 | +44.6% |
In 2025, this property's market value of $914,350 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -35% 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 | $914,350 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $914,413 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $905,487 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $906,702 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $733,681 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.