916 E 7 ST TX 78702
| Owner | 7TH & SM LP |
|---|---|
| Parcel ID | 0206050217 |
| Short ID | 194702 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 63,549 SF |
| Land SF | 28,074 SF |
| Acres | 0.644 |
| Year Built | 2022 |
| Legal | LOT 5 BLK 4 OLT 1 DIV B ROBERTSON S & L M SOUTH PART |
| Neighborhood | 1EC2 |
| Land | $4,176,070 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,176,070 |
| Improvement | $20,527,944 |
|---|---|
| Total Improvement | $20,527,944 |
| Market | $24,704,014 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,704,014 |
| Value Limitation Adjustment (−) (homestead cap) | −$19,692,730 |
| Net Appraised (assessed) | $5,011,284 |
| Taxable Value | $5,011,284 |
|---|
Appreciation: Market value has risen +3848.9% from $625,600 (2021) to $24,704,014 (2025), a CAGR of 150.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant 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 $102,555. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($5,011,284) is $19,692,730 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. 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 17% of market value ($4,176,070 land vs $20,527,944 improvements), about $149/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $24,704,014, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +150.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,445,434,335 by 2030, with an estimated annual tax burden around $46,065,686. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 94,356 SF | ✓ |
| 4TH | 4th Floor | 23,716 SF | ✓ |
| 5TH | 5th Floor | 23,173 SF | ✓ |
| 3RD | 3rd Floor | 22,705 SF | ✓ |
| 1ST | 1st Floor | 22,000 SF | ✓ |
| 2ND | 2nd Floor | 18,844 SF | ✓ |
| 187 | PARKING GARAGE | 10,583 SF | ✓ |
| 611 | TERRACE | 1,890 SF | ✗ |
Market value changed by 456% in 2023, 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% | $210,483.00 | $210,483.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $119,213.87 | $119,213.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $85,504.74 | $85,504.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $26,850.23 | $26,850.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,523.50 | $23,523.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $465,575.34 | $465,575.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $28,000,000 | $24,704,014 | +13.3% |
| Assessed Value | $28,000,000 | $5,011,284 | +458.7% |
| Land Value | $4,176,070 | $4,176,070 | +0.0% |
| Improvement Value | $23,823,930 | $20,527,944 | +16.1% |
| Taxable Value | $28,000,000 | $5,011,284 | +458.7% |
| Total Tax 2026 = estimate |
~$573,016
Estimated
|
~$465,575
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $28,000,000 | $28,000,000 | +0 (+0.0%) |
| Taxable Value | $28,000,000 | $28,000,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $28,000,000 | $4,176,070 | $23,823,930 | — | $28,000,000 | $28,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $24,704,014 | $4,176,070 | $20,527,944 | −$19,692,730 | $5,011,284 | $5,011,284 | ~$465,575 | Partial |
| 2024 | $— | — | — | — | $4,176,070 | $— | $82,762 | Verified |
| 2023 | $— | — | — | — | $4,176,070 | $— | $75,555 | Verified |
| 2022 | $— | — | — | — | $750,720 | $— | $14,826 | Verified |
| 2021 | $625,600 | — | — | — | $625,600 | $— | $13,617 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.3% | +458.7% | ~100% | Not available | Partial |
| 2025 | +491.6% ! | +20.0% | 20.3% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +456.3% ! | +456.3% | ~100% | 1.8100% | Verified |
| 2022 | +20.0% | +20.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3848.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.3% | +1931.1% | +144.8% | +3848.9% | 2025 | +13.3% | 2026 |
| Assessment Ratio | 100.0% | 73.4% | — | 100.0% | 2021 | 20.3% | 2025 |
| Effective Tax Rate (2025) | 1.8800% | 1.8800% | — | 1.8800% | 2025 | 1.8800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$465,575 | $239,596 | ~$15,333,328 | $465,575 | 2025 | $13,617 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$61,927,739 | ~$61,927,739 | ~2.0139% | ~$1,247,185 | +150.7% |
| 2027 | ~$155,239,744 | ~$155,239,744 | ~1.9814% | ~$3,075,902 | +528.4% |
| 2028 | ~$389,153,207 | ~$389,153,207 | ~1.9488% | ~$7,583,971 | +1475.3% |
| 2029 | ~$975,524,789 | ~$975,524,789 | ~1.9163% | ~$18,693,894 | +3848.9% |
| 2030 | ~$2,445,434,335 | ~$2,445,434,335 | ~1.8837% | ~$46,065,686 | +9798.9% |
| 2026 | ~$61,433,658 | ~$61,433,658 | ~2.0465% | ~$1,257,231 | +148.7% |
| 2027 | ~$152,772,516 | ~$152,772,516 | ~2.0465% | ~$3,126,467 | +518.4% |
| 2028 | ~$379,912,938 | ~$379,912,938 | ~2.0465% | ~$7,774,861 | +1437.9% |
| 2029 | ~$944,763,130 | ~$944,763,130 | ~2.0465% | ~$19,334,436 | +3724.3% |
| 2030 | ~$2,349,426,100 | ~$2,349,426,100 | ~2.0465% | ~$48,080,653 | +9410.3% |
| 2026 | ~$62,421,819 | ~$62,421,819 | ~1.9977% | ~$1,246,977 | +152.7% |
| 2027 | ~$157,726,735 | ~$157,726,735 | ~1.9488% | ~$3,073,841 | +538.5% |
| 2028 | ~$398,542,102 | ~$398,542,102 | ~1.9000% | ~$7,572,367 | +1513.3% |
| 2029 | ~$1,007,031,606 | ~$1,007,031,606 | ~1.8512% | ~$18,642,109 | +3976.4% |
| 2030 | ~$2,544,555,896 | ~$2,544,555,896 | ~1.8024% | ~$45,862,344 | +10200.2% |
In 2025, this property's market value of $24,704,014 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 291× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $24,704,014 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $625,600 | $6,000 | $14,480 | $80,000 | ↑ 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.