610 N INTERSTATE HY 35 TX 78701
| Owner | BERNHARD GARY C |
|---|---|
| Parcel ID | 0206041606 |
| Short ID | 194678 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 3,500 SF |
| Land SF | 5,888 SF |
| Acres | 0.135 |
| Year Built | 1968 |
| Legal | LOT 3 BLOCK 063 ORIGINAL CITY (TOTAL SQ FT 5888) |
| Neighborhood | 83CEN |
| Land | $1,648,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,648,640 |
| Improvement | $276,874 |
|---|---|
| Total Improvement | $276,874 |
| Market | $1,925,514 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,925,514 |
| Value Limitation Adjustment (−) (homestead cap) | −$391,927 |
| Net Appraised (assessed) | $1,533,587 |
| Taxable Value | $1,533,587 |
|---|
Appreciation: Market value has risen +183.9% from $678,299 (2021) to $1,925,514 (2025), a CAGR of 29.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $31,385. Austin ISD is the largest single contributor, at 43.9% of the total 2025 levy.
Assessment Gap: Assessed value ($1,533,587) is $391,927 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 86% of market value ($1,648,640 land vs $276,874 improvements), about $280/SF of land. With value concentrated in the land under a ~58-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 $1,925,514, 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 +29.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,095,019 by 2030, with an estimated annual tax burden around $46,526. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,500 SF | ✓ |
| 881 | COMMCL FINISHOUT | 3,500 SF | ✓ |
| 551 | PAVED AREA | 2,300 SF | ✗ |
| 611 | TERRACE | 66 SF | ✗ |
Market value changed by 81% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $14,188.75 | $14,188.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,036.26 | $8,036.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,763.91 | $5,763.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,809.99 | $1,809.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,585.73 | $1,585.73 | Paid |
| P2U | — | — | — | — | — | — | $956.07 | $956.07 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $32,340.71 | $32,340.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,533,587 | $1,925,514 | -20.4% |
| Assessed Value | $1,533,587 | $1,533,587 | +0.0% |
| Land Value | $1,472,000 | $1,648,640 | -10.7% |
| Improvement Value | $61,587 | $276,874 | -77.8% |
| Taxable Value | $1,533,587 | $1,533,587 | +0.0% |
| Total Tax 2026 = estimate |
~$31,385
Estimated
|
~$32,341
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,533,587 | $1,533,587 | +0 (+0.0%) |
| Taxable Value | $1,533,587 | $1,533,587 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,533,587 | $1,472,000 | $61,587 | — | $1,533,587 | $1,533,587 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,925,514 | $1,648,640 | $276,874 | −$391,927 | $1,533,587 | $1,533,587 | ~$32,341 | Partial |
| 2024 | $1,064,991 | — | — | — | $1,648,640 ! | $— | $26,047 | Verified |
| 2023 | $875,000 | — | — | −$121,336 | $753,664 | $— | $19,791 | Verified |
| 2022 | $743,582 | — | — | — | $753,664 ! | $— | $17,162 | Verified |
| 2021 | $678,299 | — | — | −$1 | $678,298 | $— | $16,429 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -20.4% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 79.6% | Not available | Partial |
| 2024 | +80.8% ! | +20.0% | 66.4% | 1.3500% | Verified |
| 2023 | +2.6% | +2.6% | ~100% | 1.8600% | Verified |
| 2022 | +39.6% | +39.6% | ~100% | 1.6500% | Verified |
| 2021 | base year | — | ~100% | 2.4200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +159.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.4% | +21.9% | +36.4% | +80.8% | 2025 | -20.4% | 2026 |
| Assessment Ratio | 100.0% | 103.6% | — | 154.8% | 2024 | 79.6% | 2025 |
| Effective Tax Rate (2025) | 1.6800% | 1.6800% | — | 1.6800% | 2025 | 1.6800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$32,341 | $22,354 | ~$40,015 | $32,341 | 2025 | $16,429 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,499,356 | ~$1,686,946 | ~2.0139% | ~$33,974 | +29.8% |
| 2027 | ~$3,244,214 | ~$1,855,640 | ~1.9814% | ~$36,767 | +68.5% |
| 2028 | ~$4,211,054 | ~$2,041,204 | ~1.9488% | ~$39,780 | +118.7% |
| 2029 | ~$5,466,032 | ~$2,245,325 | ~1.9163% | ~$43,027 | +183.9% |
| 2030 | ~$7,095,019 | ~$2,469,857 | ~1.8837% | ~$46,526 | +268.5% |
| 2026 | ~$2,460,845 | ~$1,686,946 | ~2.0465% | ~$34,523 | +27.8% |
| 2027 | ~$3,145,010 | ~$1,855,640 | ~2.0465% | ~$37,975 | +63.3% |
| 2028 | ~$4,019,385 | ~$2,041,204 | ~2.0465% | ~$41,773 | +108.7% |
| 2029 | ~$5,136,854 | ~$2,245,325 | ~2.0465% | ~$45,950 | +166.8% |
| 2030 | ~$6,565,002 | ~$2,469,857 | ~2.0465% | ~$50,545 | +240.9% |
| 2026 | ~$2,537,866 | ~$1,686,946 | ~1.9977% | ~$33,699 | +31.8% |
| 2027 | ~$3,344,958 | ~$1,855,640 | ~1.9488% | ~$36,163 | +73.7% |
| 2028 | ~$4,408,721 | ~$2,041,204 | ~1.9000% | ~$38,783 | +129.0% |
| 2029 | ~$5,810,783 | ~$2,245,325 | ~1.8512% | ~$41,565 | +201.8% |
| 2030 | ~$7,658,728 | ~$2,469,857 | ~1.8024% | ~$44,516 | +297.7% |
In 2025, this property's market value of $1,925,514 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +36% 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 | $1,925,514 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,064,991 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $875,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $743,582 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $678,299 | $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.