500 E 6 ST TX 78701
| Owner | SRPF B/PECAN STREET II LP |
|---|---|
| Parcel ID | 0206040611 |
| Short ID | 194589 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 5,428 SF |
| Land SF | 2,947 SF |
| Acres | 0.068 |
| Year Built | 1910 |
| Legal | W 23FT OF LOT 1 BLOCK 065 ORIGINAL CITY (TOTAL SQ FT 2946.56) |
| Neighborhood | 31CBD |
| Land | $1,031,296 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,031,296 |
| Improvement | $56,320 |
|---|---|
| Total Improvement | $56,320 |
| Market | $1,087,616 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,087,616 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,087,616 |
| Taxable Value | $1,087,616 |
|---|
Appreciation: Market value has fallen -33.4% from $1,632,000 (2021) to $1,087,616 (2025), a CAGR of -9.6% over 4 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 +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 $22,258. 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 95% of market value ($1,031,296 land vs $56,320 improvements), about $350/SF of land. With value concentrated in the land under a ~116-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 $1,087,616, 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 -9.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $654,892 by 2030, with an estimated annual tax burden around $12,336. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,944 SF | ✓ |
| 2ND | 2nd Floor | 2,484 SF | ✓ |
| 501 | CANOPY | 115 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% | $10,062.62 | $10,062.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,699.29 | $5,699.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,087.75 | $4,087.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,283.64 | $1,283.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,124.59 | $1,124.59 | Paid |
| P2U | — | — | — | — | — | — | $543.54 | $543.54 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,301.43 | $23,301.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,087,616 | $1,087,616 | +0.0% |
| Assessed Value | $1,087,616 | $1,087,616 | +0.0% |
| Land Value | $1,178,624 | $1,031,296 | +14.3% |
| Improvement Value | — | $56,320 | — |
| Taxable Value | $1,087,616 | $1,087,616 | +0.0% |
| Total Tax 2026 = estimate |
~$22,258
Estimated
|
~$23,301
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,087,616 | $1,087,616 | +0 (+0.0%) |
| Taxable Value | $1,087,616 | $1,087,616 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,087,616 | $1,178,624 | — | — | $1,087,616 | $1,087,616 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,087,616 | $1,031,296 | $56,320 | — | $1,087,616 | $1,087,616 | ~$23,301 | Partial |
| 2024 | $1,614,000 | — | — | −$618,037 | $995,963 | $— | $20,697 | Verified |
| 2023 | $1,483,208 | — | — | −$599,240 | $883,968 | $— | $30,732 | Verified |
| 2022 | $1,552,000 | — | — | −$668,032 | $883,968 | $— | $30,775 | Verified |
| 2021 | $1,632,000 | — | — | −$748,032 | $883,968 | $— | $35,334 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2024 | -38.3% | -38.3% | ~100% | 2.0800% | Verified |
| 2023 | +8.8% | +8.8% | ~100% | 1.9000% | Verified |
| 2022 | -4.4% | -4.4% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -29.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -6.6% | -9.6% | +8.8% | 2024 | -32.6% | 2025 |
| Assessment Ratio | 100.0% | 72.1% | — | 100.0% | 2025 | 54.2% | 2021 |
| 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 |
$23,301 | $28,168 | ~$15,849 | $35,334 | 2021 | $20,697 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$982,685 | ~$982,685 | ~2.0139% | ~$19,791 | -9.6% |
| 2027 | ~$887,878 | ~$887,878 | ~1.9814% | ~$17,592 | -18.4% |
| 2028 | ~$802,218 | ~$802,218 | ~1.9488% | ~$15,634 | -26.2% |
| 2029 | ~$724,821 | ~$724,821 | ~1.9163% | ~$13,890 | -33.4% |
| 2030 | ~$654,892 | ~$654,892 | ~1.8837% | ~$12,336 | -39.8% |
| 2026 | ~$1,033,235 | ~$1,033,235 | ~2.0465% | ~$21,145 | -5.0% |
| 2027 | ~$981,573 | ~$981,573 | ~2.0465% | ~$20,088 | -9.8% |
| 2028 | ~$932,495 | ~$932,495 | ~2.0465% | ~$19,083 | -14.3% |
| 2029 | ~$885,870 | ~$885,870 | ~2.0465% | ~$18,129 | -18.5% |
| 2030 | ~$841,577 | ~$841,577 | ~2.0465% | ~$17,223 | -22.6% |
| 2026 | ~$1,004,438 | ~$1,004,438 | ~1.9977% | ~$20,065 | -7.6% |
| 2027 | ~$927,620 | ~$927,620 | ~1.9488% | ~$18,078 | -14.7% |
| 2028 | ~$856,678 | ~$856,678 | ~1.9000% | ~$16,277 | -21.2% |
| 2029 | ~$791,161 | ~$791,161 | ~1.8512% | ~$14,646 | -27.3% |
| 2030 | ~$730,655 | ~$730,655 | ~1.8024% | ~$13,169 | -32.8% |
In 2025, this property's market value of $1,087,616 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -23% 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 | $1,087,616 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,614,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,483,208 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,552,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,632,000 | $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.