600 SABINE ST TX 78701
| Owner | SRPF B/PECAN STREET II LP |
|---|---|
| Parcel ID | 0206041110 |
| Short ID | 194626 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,870 SF |
| Land SF | 5,888 SF |
| Acres | 0.135 |
| Year Built | 1981 |
| Legal | E 46FT OF LOT 4 BLOCK 064 ORIGINAL CITY (TOTAL SQ FT 5888) |
| Neighborhood | 53CBD |
| Land | $2,060,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,060,800 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,936,925 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,936,925 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,936,925 |
| Taxable Value | $1,936,925 |
|---|
Appreciation: Market value has risen +42.4% from $1,360,000 (2021) to $1,936,925 (2025), a CAGR of 9.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $39,639. 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 ($2,060,800 land vs $0 improvements), about $350/SF of land. With value concentrated in the land under a ~45-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 $1,936,925, this parcel sits in the upper-middle (50th–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 +9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,013,562 by 2030, with an estimated annual tax burden around $56,768. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,580 SF | ✗ |
| 1ST | 1st Floor | 1,435 SF | ✓ |
| 2ND | 2nd Floor | 1,435 SF | ✓ |
| 501 | CANOPY | 598 SF | ✗ |
| 327 | STORAGE COMM'L | 128 SF | ✓ |
| 413 | STAIRWAY EXT | 3 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% | $17,920.43 | $17,920.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,149.82 | $10,149.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,279.84 | $7,279.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,286.02 | $2,286.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,002.78 | $2,002.78 | Paid |
| P2U | — | — | — | — | — | — | $1,329.16 | $1,329.16 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,468.05 | $41,468.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,924,295 | $1,936,925 | -0.7% |
| Assessed Value | $1,924,295 | $1,936,925 | -0.7% |
| Land Value | $1,472,000 | $2,060,800 | -28.6% |
| Improvement Value | $452,295 | — | — |
| Taxable Value | $1,924,295 | $1,936,925 | -0.7% |
| Total Tax 2026 = estimate |
~$39,380
Estimated
|
~$41,468
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,924,295 | $1,924,295 | +0 (+0.0%) |
| Taxable Value | $1,924,295 | $1,924,295 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,924,295 | $1,472,000 | $452,295 | — | $1,924,295 | $1,924,295 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,936,925 | $2,060,800 | — | — | $1,936,925 | $1,936,925 | ~$41,468 | Partial |
| 2024 | $1,801,209 | — | — | — | $1,801,209 | $— | $37,400 | Verified |
| 2023 | $1,699,353 | — | — | −$374,553 | $1,324,800 | $— | $34,292 | Verified |
| 2022 | $1,490,000 | — | — | −$165,200 | $1,324,800 | $— | $35,260 | Verified |
| 2021 | $1,360,000 | — | — | −$35,200 | $1,324,800 | $— | $33,923 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.7% | -0.7% | ~100% | Not available | Partial |
| 2025 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0800% | Verified |
| 2023 | +6.0% | +6.0% | ~100% | 1.9000% | Verified |
| 2022 | +14.1% | +14.1% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.4900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.7% | +7.3% | +9.4% | +14.1% | 2023 | -0.7% | 2026 |
| Assessment Ratio | 100.0% | 94.0% | — | 100.0% | 2024 | 78.0% | 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 |
$41,468 | $36,469 | ~$49,451 | $41,468 | 2025 | $33,923 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,115,954 | ~$2,115,954 | ~2.0139% | ~$42,614 | +9.2% |
| 2027 | ~$2,311,531 | ~$2,311,531 | ~1.9814% | ~$45,800 | +19.3% |
| 2028 | ~$2,525,185 | ~$2,525,185 | ~1.9488% | ~$49,212 | +30.4% |
| 2029 | ~$2,758,587 | ~$2,758,587 | ~1.9163% | ~$52,863 | +42.4% |
| 2030 | ~$3,013,562 | ~$3,013,562 | ~1.8837% | ~$56,768 | +55.6% |
| 2026 | ~$2,077,216 | ~$2,077,216 | ~2.0465% | ~$42,510 | +7.2% |
| 2027 | ~$2,227,668 | ~$2,227,668 | ~2.0465% | ~$45,589 | +15.0% |
| 2028 | ~$2,389,017 | ~$2,389,017 | ~2.0465% | ~$48,891 | +23.3% |
| 2029 | ~$2,562,053 | ~$2,562,053 | ~2.0465% | ~$52,432 | +32.3% |
| 2030 | ~$2,747,621 | ~$2,747,621 | ~2.0465% | ~$56,230 | +41.9% |
| 2026 | ~$2,154,693 | ~$2,130,618 | ~1.9977% | ~$42,563 | +11.2% |
| 2027 | ~$2,396,944 | ~$2,343,679 | ~1.9488% | ~$45,675 | +23.7% |
| 2028 | ~$2,666,432 | ~$2,578,047 | ~1.9000% | ~$48,983 | +37.7% |
| 2029 | ~$2,966,218 | ~$2,835,852 | ~1.8512% | ~$52,497 | +53.1% |
| 2030 | ~$3,299,708 | ~$3,119,437 | ~1.8024% | ~$56,224 | +70.4% |
In 2025, this property's market value of $1,936,925 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +37% above 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 | $1,936,925 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,801,209 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,699,353 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,490,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,360,000 | $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.