516 E 6 ST TX 78701
| Owner | SRPF B/PECAN STREET II LP |
|---|---|
| Parcel ID | 0206040608 |
| Short ID | 194586 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 2,470 SF |
| Land SF | 2,944 SF |
| Acres | 0.068 |
| Year Built | 1965 |
| Legal | CEN 23FT OF LOT 3 BLOCK 065 ORIGINAL CITY (TOTAL SQ FT 2944) |
| Neighborhood | 20CBD |
| Land | $1,030,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,030,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $974,464 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $974,464 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $974,464 |
| Taxable Value | $974,464 |
|---|
Appreciation: Market value has risen +8.3% from $900,000 (2021) to $974,464 (2025), a CAGR of 2.0% 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 $19,942. 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 106% of market value ($1,030,400 land vs $0 improvements), about $350/SF of land. With value concentrated in the land under a ~61-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 $974,464, 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 +2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,076,267 by 2030, with an estimated annual tax burden around $20,274. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,748 SF | ✓ |
| 2ND | 2nd Floor | 722 SF | ✓ |
| 501 | CANOPY | 468 SF | ✗ |
| 611 | TERRACE | 456 SF | ✗ |
| 413 | STAIRWAY EXT | 1 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% | $9,015.74 | $9,015.74 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,106.36 | $5,106.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,662.47 | $3,662.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,150.09 | $1,150.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,007.60 | $1,007.60 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| P2U | — | — | — | — | — | — | $438.88 | $438.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,881.14 | $20,881.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,177,600 | $974,464 | +20.8% |
| Assessed Value | $1,169,357 | $974,464 | +20.0% |
| Land Value | $1,177,600 | $1,030,400 | +14.3% |
| Improvement Value | — | — | — |
| Taxable Value | $1,169,357 | $974,464 | +20.0% |
| HS Cap Loss | -$8,243 | — | |
| Total Tax 2026 = estimate |
~$23,931
Estimated
|
~$20,881
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,177,600 | $1,177,600 | +0 (+0.0%) |
| Taxable Value | $1,169,357 | $1,169,357 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,177,600 | $1,177,600 | — | −$8,243 | $1,169,357 | $1,169,357 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $974,464 | $1,030,400 | — | — | $974,464 | $974,464 | ~$20,881 | Partial |
| 2024 | $975,786 | — | — | −$47,161 | $928,625 | $— | $19,300 | Verified |
| 2023 | $1,001,979 | — | — | −$118,779 | $883,200 | $— | $18,594 | Verified |
| 2022 | $950,417 | — | — | −$67,217 | $883,200 | $— | $20,790 | Verified |
| 2021 | $900,000 | — | — | −$16,800 | $883,200 | $— | $21,638 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.8% | +20.0% | 99.3% | Not available | Partial |
| 2025 | +4.9% | +4.9% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | 2.0800% | Verified |
| 2023 | -2.6% | -2.6% | ~100% | 1.9100% | Verified |
| 2022 | +5.4% | +5.4% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +20.8% | +5.8% | -1.5% | +20.8% | 2026 | -2.6% | 2024 |
| Assessment Ratio | 99.3% | 95.6% | — | 100.0% | 2025 | 88.1% | 2023 |
| 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 |
$20,881 | $20,241 | ~$20,152 | $21,638 | 2021 | $18,594 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$994,023 | ~$994,023 | ~2.0139% | ~$20,019 | +2.0% |
| 2027 | ~$1,013,975 | ~$1,013,975 | ~1.9814% | ~$20,091 | +4.1% |
| 2028 | ~$1,034,328 | ~$1,034,328 | ~1.9488% | ~$20,157 | +6.1% |
| 2029 | ~$1,055,089 | ~$1,055,089 | ~1.9163% | ~$20,219 | +8.3% |
| 2030 | ~$1,076,267 | ~$1,076,267 | ~1.8837% | ~$20,274 | +10.4% |
| 2026 | ~$974,534 | ~$974,534 | ~2.0465% | ~$19,944 | +0.0% |
| 2027 | ~$974,604 | ~$974,604 | ~2.0465% | ~$19,945 | +0.0% |
| 2028 | ~$974,674 | ~$974,674 | ~2.0465% | ~$19,947 | +0.0% |
| 2029 | ~$974,745 | ~$974,745 | ~2.0465% | ~$19,948 | +0.0% |
| 2030 | ~$974,815 | ~$974,815 | ~2.0465% | ~$19,949 | +0.0% |
| 2026 | ~$1,013,513 | ~$1,013,513 | ~1.9977% | ~$20,247 | +4.0% |
| 2027 | ~$1,054,126 | ~$1,054,126 | ~1.9488% | ~$20,543 | +8.2% |
| 2028 | ~$1,096,367 | ~$1,096,367 | ~1.9000% | ~$20,831 | +12.5% |
| 2029 | ~$1,140,301 | ~$1,140,301 | ~1.8512% | ~$21,109 | +17.0% |
| 2030 | ~$1,185,995 | ~$1,185,995 | ~1.8024% | ~$21,376 | +21.7% |
In 2025, this property's market value of $974,464 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -31% 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 | $974,464 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $975,786 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,001,979 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $950,417 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $900,000 | $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.