507 SABINE ST TX 78701
| Owner | SABINE RESIDENCES LP |
|---|---|
| Parcel ID | 0206042202 |
| Short ID | 748468 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 19,464 SF |
| Land SF | 2,750 SF |
| Acres | 0.063 |
| Year Built | 1984 |
| Legal | UNT COMMERCIAL SABINE MASTER CONDOMINIUM AMENDED THE PLUS 18.21 % INT IN COM AREA |
| Neighborhood | 52CBD |
| Land | $756,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $756,250 |
| Improvement | $1,761,816 |
|---|---|
| Total Improvement | $1,761,816 |
| Market | $2,518,066 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,518,066 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,518,066 |
| Taxable Value | $2,518,066 |
|---|
Appreciation: Market value has fallen -25.9% from $3,400,000 (2021) to $2,518,066 (2025), a CAGR of -7.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 $51,532. Austin ISD is the largest single contributor, at 43.6% 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 30% of market value ($756,250 land vs $1,761,816 improvements), about $275/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,518,066, 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 -7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,730,025 by 2030, with an estimated annual tax burden around $32,589. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 19,464 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% | $23,297.15 | $23,297.15 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,195.09 | $13,195.09 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,464.03 | $9,464.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,971.90 | $2,971.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,603.68 | $2,603.68 | Paid |
| P2U | — | — | — | — | — | — | $1,866.71 | $1,866.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,398.56 | $53,398.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,525,176 | $2,518,066 | +0.3% |
| Assessed Value | $2,525,176 | $2,518,066 | +0.3% |
| Land Value | $1,237,500 | $756,250 | +63.6% |
| Improvement Value | $1,287,676 | $1,761,816 | -26.9% |
| Taxable Value | $2,525,176 | $2,518,066 | +0.3% |
| Total Tax 2026 = estimate |
~$51,677
Estimated
|
~$53,399
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,525,176 | $2,525,176 | +0 (+0.0%) |
| Taxable Value | $2,525,176 | $2,525,176 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,525,176 | $1,237,500 | $1,287,676 | — | $2,525,176 | $2,525,176 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,518,066 | $756,250 | $1,761,816 | — | $2,518,066 | $2,518,066 | ~$53,399 | Partial |
| 2024 | $2,982,059 | — | — | −$2,225,809 | $756,250 | $— | $56,262 | Verified |
| 2023 | $2,650,000 | — | — | −$1,893,750 | $756,250 | $— | $50,261 | Verified |
| 2022 | $3,426,133 | — | — | −$2,669,883 | $756,250 | $— | $55,229 | Verified |
| 2021 | $3,400,000 | — | — | −$2,643,750 | $756,250 | $— | $60,645 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | -7.9% | -7.9% | ~100% | Not available | Partial |
| 2024 | -8.3% | -8.3% | ~100% | 2.0600% | Verified |
| 2023 | -12.4% | -12.4% | ~100% | 1.6900% | Verified |
| 2022 | -0.7% | -0.7% | ~100% | 1.6200% | Verified |
| 2021 | base year | — | ~100% | 1.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -26.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | -4.9% | -7.3% | +12.5% | 2024 | -22.7% | 2023 |
| Assessment Ratio | 100.0% | 49.7% | — | 100.0% | 2025 | 22.1% | 2022 |
| Effective Tax Rate (2025) | 2.1200% | 2.1200% | — | 2.1200% | 2025 | 2.1200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$53,399 | $55,159 | ~$39,497 | $60,645 | 2021 | $50,261 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,335,953 | ~$2,335,953 | ~2.0139% | ~$47,045 | -7.2% |
| 2027 | ~$2,167,011 | ~$2,167,011 | ~1.9814% | ~$42,937 | -13.9% |
| 2028 | ~$2,010,288 | ~$2,010,288 | ~1.9488% | ~$39,177 | -20.2% |
| 2029 | ~$1,864,899 | ~$1,864,899 | ~1.9163% | ~$35,737 | -25.9% |
| 2030 | ~$1,730,025 | ~$1,730,025 | ~1.8837% | ~$32,589 | -31.3% |
| 2026 | ~$2,392,163 | ~$2,392,163 | ~2.0465% | ~$48,955 | -5.0% |
| 2027 | ~$2,272,555 | ~$2,272,555 | ~2.0465% | ~$46,507 | -9.7% |
| 2028 | ~$2,158,927 | ~$2,158,927 | ~2.0465% | ~$44,182 | -14.3% |
| 2029 | ~$2,050,980 | ~$2,050,980 | ~2.0465% | ~$41,973 | -18.5% |
| 2030 | ~$1,948,431 | ~$1,948,431 | ~2.0465% | ~$39,874 | -22.6% |
| 2026 | ~$2,386,315 | ~$2,386,315 | ~1.9977% | ~$47,671 | -5.2% |
| 2027 | ~$2,261,457 | ~$2,261,457 | ~1.9488% | ~$44,072 | -10.2% |
| 2028 | ~$2,143,132 | ~$2,143,132 | ~1.9000% | ~$40,720 | -14.9% |
| 2029 | ~$2,030,998 | ~$2,030,998 | ~1.8512% | ~$37,598 | -19.3% |
| 2030 | ~$1,924,731 | ~$1,924,731 | ~1.8024% | ~$34,691 | -23.6% |
In 2025, this property's market value of $2,518,066 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +78% 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 | $2,518,066 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,982,059 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,650,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,426,133 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,400,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.