1140 AIRPORT BLVD TX 78702
| Owner | 1140 AIRPORT LTD |
|---|---|
| Parcel ID | 0207160109 |
| Short ID | 196011 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 588 SF |
| Land SF | 25,102 SF |
| Acres | 0.576 |
| Year Built | 1979 |
| Legal | LOT 14 *LESS 14 X 75 FT PLUS E 75 FT OF LOT 15A BLK A OLT 55&56 DIV A SPILLAR & GREENWOOD ADDN |
| Neighborhood | 83CEN |
| Land | $2,033,262 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,033,262 |
| Improvement | $31,525 |
|---|---|
| Total Improvement | $31,525 |
| Market | $2,064,787 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,064,787 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,064,787 |
| Taxable Value | $2,064,787 |
|---|
Appreciation: Market value has risen +160.2% from $793,447 (2021) to $2,064,787 (2025), a CAGR of 27.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $42,256. Austin ISD is the largest single contributor, at 45.2% 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 98% of market value ($2,033,262 land vs $31,525 improvements), about $81/SF of land. With value concentrated in the land under a ~47-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 $2,064,787, 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 +27.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,824,517 by 2030, with an estimated annual tax burden around $62,641. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,593 SF | ✗ |
| 327 | STORAGE COMM'L | 828 SF | ✓ |
| 1ST | 1st Floor | 588 SF | ✓ |
| 611 | TERRACE | 312 SF | ✗ |
| 437 | FENCE MASON LF | 100 SF | ✗ |
Market value changed by 140% 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% | $19,103.41 | $19,103.41 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,819.83 | $10,819.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,760.40 | $7,760.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,436.92 | $2,436.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,134.99 | $2,134.99 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42,255.55 | $42,255.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,049,366 | $2,064,787 | -0.7% |
| Assessed Value | $2,049,366 | $2,064,787 | -0.7% |
| Land Value | $2,033,262 | $2,033,262 | +0.0% |
| Improvement Value | $16,104 | $31,525 | -48.9% |
| Taxable Value | $2,049,366 | $2,064,787 | -0.7% |
| Total Tax 2026 = estimate |
~$41,940
Estimated
|
~$42,256
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,148,930 | $2,049,366 | -99,564 (-4.6%) |
| Taxable Value | $2,148,930 | $2,049,366 | -99,564 (-4.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,049,366 | $2,033,262 | $16,104 | — | $2,049,366 | $2,049,366 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,064,787 | $2,033,262 | $31,525 | — | $2,064,787 | $2,064,787 | ~$42,256 | Partial |
| 2024 | $2,065,680 | — | — | −$32,418 | $2,033,262 | $— | $40,920 | Verified |
| 2023 | $829,799 | — | — | — | $2,033,262 ! | $— | $37,373 | Verified |
| 2022 | $829,799 | — | — | −$39,086 | $790,713 | $— | $16,388 | Verified |
| 2021 | $793,447 | — | — | −$2,734 | $790,713 | $— | $18,062 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.1% | +4.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -0.0% | -0.0% | ~100% | 1.9800% | Verified |
| 2023 | +139.8% ! | +139.8% | ~100% | 1.8100% | Verified |
| 2022 | +2.9% | +2.9% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +146.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.7% | +30.6% | +27.2% | +148.9% | 2024 | -0.7% | 2026 |
| Assessment Ratio | 100.0% | 123.1% | — | 245.0% | 2023 | 95.3% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$42,256 | $31,000 | ~$53,875 | $42,256 | 2025 | $16,388 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,622,495 | ~$2,271,266 | ~2.0139% | ~$45,742 | +27.0% |
| 2027 | ~$3,330,841 | ~$2,498,392 | ~1.9814% | ~$49,503 | +61.3% |
| 2028 | ~$4,230,515 | ~$2,748,231 | ~1.9488% | ~$53,559 | +104.9% |
| 2029 | ~$5,373,195 | ~$3,023,055 | ~1.9163% | ~$57,931 | +160.2% |
| 2030 | ~$6,824,517 | ~$3,325,360 | ~1.8837% | ~$62,641 | +230.5% |
| 2026 | ~$2,581,199 | ~$2,271,266 | ~2.0465% | ~$46,481 | +25.0% |
| 2027 | ~$3,226,767 | ~$2,498,392 | ~2.0465% | ~$51,129 | +56.3% |
| 2028 | ~$4,033,795 | ~$2,748,231 | ~2.0465% | ~$56,242 | +95.4% |
| 2029 | ~$5,042,664 | ~$3,023,055 | ~2.0465% | ~$61,866 | +144.2% |
| 2030 | ~$6,303,855 | ~$3,325,360 | ~2.0465% | ~$68,053 | +205.3% |
| 2026 | ~$2,663,790 | ~$2,271,266 | ~1.9977% | ~$45,372 | +29.0% |
| 2027 | ~$3,436,567 | ~$2,498,392 | ~1.9488% | ~$48,690 | +66.4% |
| 2028 | ~$4,433,529 | ~$2,748,231 | ~1.9000% | ~$52,217 | +114.7% |
| 2029 | ~$5,719,714 | ~$3,023,055 | ~1.8512% | ~$55,963 | +177.0% |
| 2030 | ~$7,379,027 | ~$3,325,360 | ~1.8024% | ~$59,935 | +257.4% |
In 2025, this property's market value of $2,064,787 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +46% 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 | $2,064,787 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,065,680 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $829,799 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $829,799 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $793,447 | $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.